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Nonprofiteer
← PALMETTO ELECTRIC TRUST

Form 990 for tax year 2022

Filed by PALMETTO ELECTRIC TRUST.

Totals

Total revenue
$438,733
Total expenses
$388,462
Contributions and grants received
$438,085
Grants paid
$384,650
Program service revenue
$0
Investment income
$648
Other revenue
$0
Total assets, end of year
$654,532
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$654,532
Program services expenses (Part IX)
$388,462
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$388,462

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $438,085

  • 3 · Investment income

    total $648 · related or exempt $648

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $323,440 · program services $323,440

  • 2 · Grants to domestic individuals

    total $61,210 · program services $61,210

  • 11g · Fees: other

    total $3,812 · program services $3,812

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $537,180 · end of year $598,073

  • 4 · Accounts receivable

    beginning of year $67,081 · end of year $56,459

  • 27 · Net assets without donor restrictions

    beginning of year $604,261 · end of year $654,532

Mission and programs · 2022

Mission

CHARITABLE FUNDRAISING SERVICES FOR WORTHWHILE COMMUNITY ACTIVITIES BY ROUNDING UP ELECTRIC BILLS TO AN EVEN DOLLAR AMOUNT, WITH DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC.

  • PALMETTO ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC.

    Expenses $388,462 · Grants $384,650

  • PALMETTO ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ernie Avant

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • John Tignor

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Cindy Swailes

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    2

  • Linda Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Annie Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sally Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephen E Deloach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deborah S Govan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Berglind

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Janie Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Earl Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202313139349302146

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.