Skip to content
Nonprofiteer
← TVEC CHARITABLE FOUNDATION

Form 990 for tax year 2022

Filed by TVEC CHARITABLE FOUNDATION.

Totals

Total revenue
$427,219
Total expenses
$430,088
Contributions and grants received
$427,219
Grants paid
$426,688
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$149,690
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$149,690
Program services expenses (Part IX)
$426,688
Management and general expenses
$3,400
Fundraising expenses
$0
Program service expenses (Part III)
$426,688

Program services were 99.2% 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

    $427,219

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $426,688 · program services $426,688

  • 11c · Fees: accounting

    total $3,400 · management and general $3,400

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,065 · end of year $149,212

  • 4 · Accounts receivable

    beginning of year $494 · end of year $478

  • 27 · Net assets without donor restrictions

    beginning of year $152,559 · end of year $149,690

Mission and programs · 2022

Mission

THE MISSION OF THE FOUNDATION IS THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF TRINITY VALLEY ELECTRIC COOPERATIVE, INC.

  • GRANTS TO 125 NOT-FOR PROFIT ORGANIZATIONS BENEFITING INDIVIDUALS, FAMILIES AND GROUPS IN THE TRINITY VALLEY ELECTRIC COOPERATIVE SERVICE TERRITORY, IN ACCORDANCE WITH 501 ( C ) ( 3 ) GUIDELINES.

    Expenses $426,688 · Grants $426,688

As filed on the 2022 return.

Listed in Part VII

  • Howard Tillison

    CHAIRMAN

    Total calculated
    $12,900
    From this org
    $0
    From related orgs
    $12,900
    Other
    $0
    Hours/week
    2 + 13.8 related

  • Carolyn Minor

    VICE CHAIRMAN

    Total calculated
    $12,750
    From this org
    $0
    From related orgs
    $12,750
    Other
    $0
    Hours/week
    2 + 11 related

  • Jo Ann Hanstrom

    SECRETARY

    Total calculated
    $11,250
    From this org
    $0
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    2 + 9.8 related

  • Jack Endres

    DIRECTOR

    Total calculated
    $10,450
    From this org
    $0
    From related orgs
    $10,450
    Other
    $0
    Hours/week
    1 + 9.5 related

  • Edward Reeve

    DIRECTOR

    Total calculated
    $10,650
    From this org
    $0
    From related orgs
    $10,650
    Other
    $0
    Hours/week
    1 + 8.5 related

  • Jeff Priest July - Dec

    DIRECTOR

    Total calculated
    $6,900
    From this org
    $0
    From related orgs
    $6,900
    Other
    $0
    Hours/week
    1 + 10.5 related

  • Paul Weatherford

    DIRECTOR

    Total calculated
    $28,840
    From this org
    $0
    From related orgs
    $28,840
    Other
    $0
    Hours/week
    1 + 8.5 related

  • Jerry Priest Jan - June

    DIRECTOR

    Total calculated
    $13,895
    From this org
    $0
    From related orgs
    $13,895
    Other
    $0
    Hours/week
    1 + 8.1 related

  • Jeffrey Lane

    EXECUTIVE DIRECTOR

    Total calculated
    $546,621
    From this org
    $0
    From related orgs
    $315,385
    Other
    $231,236
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,799 related
    Bonus
    $0 + $2,397 related
    Other
    $0 + $19,189 related
    Deferred
    $0 + $195,497 related
    Nontaxable benefits
    $0 + $35,739 related
    Filer's total
    $0 + $546,621 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART II:
ALL COMPENSATION REPORTED ON SCHEDULE J PART II IS RELATED TO THE DIRECTORS' EMPLOYMENT WITH TRINITY VALLEY ELECTRIC COOPERATIVE, INC. PER THE BY-LAWS NO DIRECTOR OR MEMBER OF ANY COMMITTEE OF THE BOARD MAY BE PAID COMPENSATION FOR HIS/HER SERVICE AS A DIRECTOR OR COMMITTEE MEMBER OF THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202333069349302813

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.