Skip to content
Nonprofiteer
← PALMETTO ELECTRIC TRUST

Form 990 for tax year 2023

Filed by PALMETTO ELECTRIC TRUST.

Totals

Total revenue
$421,213
Total expenses
$405,878
Contributions and grants received
$420,144
Grants paid
$400,994
Program service revenue
$0
Investment income
$1,069
Other revenue
$0
Total assets, end of year
$669,867
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$669,867
Program services expenses (Part IX)
$405,878
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$405,878

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

    $420,144

  • 3 · Investment income

    total $1,069 · related or exempt $1,069

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $278,310 · program services $278,310

  • 2 · Grants to domestic individuals

    total $122,684 · program services $122,684

  • 11g · Fees: other

    total $4,884 · program services $4,884

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $598,073 · end of year $636,498

  • 4 · Accounts receivable

    beginning of year $56,459 · end of year $33,369

  • 27 · Net assets without donor restrictions

    beginning of year $654,532 · end of year $669,867

Mission and programs · 2023

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 $405,878 · Grants $400,994

  • 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 2023 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

  • Jannie Barnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Shelly Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Susan Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chip Mikell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Berglind

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Linda Ferguson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Annie Goodman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Deborah S Govan

    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
2023
Filed
11 November 2024
IRS schema version
2023v5.0
Source object
202423179349302997

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.