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Nonprofiteer
← WEBSTER ELECTRIC FOUNDATION INC

Form 990 for tax year 2024

Filed by WEBSTER ELECTRIC FOUNDATION INC.

Totals

Total revenue
$114,101
Total expenses
$144,291
Contributions and grants received
$105,235
Grants paid
$144,291
Program service revenue
$0
Investment income
$1,601
Other revenue
$7,265
Total assets, end of year
$70,317
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$70,317
Program services expenses (Part IX)
$144,291
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$144,291

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.

  • 1c · Fundraising events

    $4,887

  • 1f · All other contributions, gifts and grants

    $100,348

  • 1g · Noncash contributions included above

    $4,887

  • 3 · Investment income

    total $1,601 · excluded $1,601

  • 8a · Fundraising events: gross income

    $17,800

  • 8a · Fundraising events: contributions included on line 1c

    $4,887

  • 8b · Fundraising events: direct expenses

    $10,535

  • 8c · Net income from fundraising events

    total $7,265 · excluded $7,265

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $144,291 · program services $144,291

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $100,209 · end of year $70,019

  • 4 · Accounts receivable

    beginning of year $298 · end of year $298

  • 31 · Retained earnings, endowment or other funds

    beginning of year $100,507 · end of year $70,317

Mission and programs · 2024

Mission

THE FOUNDATION IS EXPRESSLY ESTABLISHED TO ENRICH THE COMMUNITIES SERVICED BY WEBSTER ELECTRIC COOPERATIVE THROUGH COMMUNITY BETTERMENT PROJECTS.

  • GRANTS GIVEN TO ORGANIZATIONS AND GROUPS INCLUDING FIRE DEPARTMENTS, SENIOR COMMUNITY CENTERS & ORGANIZATIONS THAT DIRECTLY BENEFIT THE SURROUNDING COMMUNITIES.

    Expenses $144,291 · Grants $144,291

As filed on the 2024 return.

Listed in Part VII

  • John White

    PRESIDENT

    Total calculated
    $346
    From this org
    $0
    From related orgs
    $0
    Other
    $346
    Hours/week
    0.5

  • Kathy Dudley

    VICE PRESIDE

    Total calculated
    $245
    From this org
    $0
    From related orgs
    $0
    Other
    $245
    Hours/week
    0.5

  • Cathy Brown

    DIRECTOR

    Total calculated
    $237
    From this org
    $0
    From related orgs
    $0
    Other
    $237
    Hours/week
    0.5

  • Randy Owens

    DIRECTOR

    Total calculated
    $308
    From this org
    $0
    From related orgs
    $0
    Other
    $308
    Hours/week
    0.5

  • Louise Bigley

    SECRETARY

    Total calculated
    $246
    From this org
    $0
    From related orgs
    $0
    Other
    $246
    Hours/week
    0.5

  • Kay Fleming

    DIRECTOR

    Total calculated
    $219
    From this org
    $0
    From related orgs
    $0
    Other
    $219
    Hours/week
    0.5

  • Carolynn Thompson

    DIRECTOR

    Total calculated
    $103
    From this org
    $0
    From related orgs
    $0
    Other
    $103
    Hours/week
    0.5

  • Bill Roberts

    DIRECTOR

    Total calculated
    $281
    From this org
    $0
    From related orgs
    $0
    Other
    $281
    Hours/week
    0.5

  • Ann Marie Svoboda

    DIRECTOR

    Total calculated
    $351
    From this org
    $0
    From related orgs
    $0
    Other
    $351
    Hours/week
    0.5

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

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
2024
Filed
14 July 2025
IRS schema version
2024v5.0
Source object
202502169349301605

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

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