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Nonprofiteer
← SOUTH PLAINS ELECTRIC TRUST

Form 990 for tax year 2023

Filed by SOUTH PLAINS ELECTRIC TRUST.

Totals

Total revenue
$239,449
Total expenses
$214,560
Contributions and grants received
$239,256
Grants paid
$214,560
Program service revenue
$0
Investment income
$193
Other revenue
$0
Total assets, end of year
$232,062
Total liabilities, end of year
$23,000
Net assets or fund balances, end of year
$209,062
Program services expenses (Part IX)
$214,560
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$214,560

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

    $239,256

  • 3 · Investment income

    total $193 · excluded $193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,595 · program services $56,595

  • 2 · Grants to domestic individuals

    total $157,965 · program services $157,965

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,673 · end of year $232,062

  • 18 · Grants payable

    beginning of year $20,500 · end of year $23,000

  • 27 · Net assets without donor restrictions

    beginning of year $184,173 · end of year $209,062

Mission and programs · 2023

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND THEIR FAMILIES THROUGH SCHOLARSHIPS, SPECIFIC ASSISTANCE, AND CONTRIBUTIONS TO LOCAL CHARITIES.

  • SPECIFIC ASSISTANCE TO INDIVIDUALS WITHIN THE SERVICE AREA WITH ELECTRIC BILLS, CASUALTY LOSSES, AND MEDICAL NEEDS.

    Expenses $18,483 · Grants $18,483

  • SCHOLARSHIPS TO MEMBERS OR THE CHILDREN OF MEMBERS OF SOUTH PLAINS ELECTRIC COOPERATIVE TO ATTEND ACCREDITED COLLEGES OR UNIVERSITIES.

    Expenses $139,482 · Grants $139,482

  • GRANTS AND CONTRIBUTIONS TO AREA CHARITIES.

    Expenses $56,595 · Grants $56,595

As filed on the 2023 return.

Listed in Part VII

  • Ginger Whetzel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Tracey Gregory

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Leeann Wilmeth

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Rita Tucker

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Laurie Hinson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ilene Hobgood

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Shelley Berry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Cindy Buxkemper

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Amanda Potter

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Ineta Cannon

    TRUSTEE (1/23 - 6/23)

    Total calculated
    $0
    Hours/week
    1
  • Marcella Bilberry

    TRUSTEE (10/23 - 12/23)

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 April 2024
IRS schema version
2023v5.0
Source object
202410929349301456

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