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Nonprofiteer
← STEARNS ELECTRIC ASSOCIATION TRUST

Form 990-EZ for tax year 2022

Filed by STEARNS ELECTRIC ASSOCIATION TRUST.

Totals

Total revenue
$172,813
Total expenses
$171,556
Contributions and grants received
$172,688
Grants paid
$167,550
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
$125
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$48,518
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$48,518
Program service expenses (Part III)
$167,550

Program services were 97.7% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2022

Primary exempt purpose

CHARITABLE ORGANIZATION

  • THE ORGANIZATION COLLECTS AND DISBURSES FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES IN THE AREA SERVED BY STEARNS COOPERATIVE ELECTRIC ASSOCIATION. GRANTS ARE GIVEN TO CHARITABLE ORGANIZATIONS, WORTHY CAUSES, & INDIVIDUALS IN NEED AFTER THE BOARD REVIEWS AN "OPERATION ROUND UP APPLICATION" REQUESTING FUNDS. ORGANIZATIONS OR INDIVIDUALS REQUESTING FUNDS EXPLAIN WHAT THE FUNDS WILL BE USED FOR AND WHY THEY ARE IN NEED. PROFILE INFORMATION ON THE APPLICATION IS ALSO USED AS THE BASIS FOR A GRANT.

    Expenses $167,550 · Grants $167,550

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

Listed in Part IV

  • Ronald Paulsen

    DIRECTOR

    Total calculated
    $500
    Compensation
    $500
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.21

  • Chuck Marks

    DIRECTOR

    Total calculated
    $400
    Compensation
    $400
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.19

  • Jeffrey Mayer

    PRESIDENT

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.23

  • Joseph Christensen

    VICE PRESIDENT

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.19

  • Jen Heinen

    SECRETARY/TREASURER

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.23

  • Tony Wenzel

    DIRECTOR

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.17

  • Ann Reischl

    DIRECTOR

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.17

  • Marcy Johnson

    DIRECTOR

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.17

  • Chris Bergman

    DIRECTOR

    Total calculated
    $300
    Compensation
    $300
    Benefit plans
    $0
    Expense account
    $0
    Hours/week
    0.19

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2022
Filed
5 May 2023
IRS schema version
2022v5.0
Source object
202301259349200840

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