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Nonprofiteer
← BOONE ELECTRIC COMMUNITY TRUST

Form 990 for tax year 2024

Filed by BOONE ELECTRIC COMMUNITY TRUST.

Totals

Total revenue
$292,960
Total expenses
$272,695
Contributions and grants received
$264,745
Grants paid
$272,447
Program service revenue
$0
Investment income
$27,965
Other revenue
$250
Total assets, end of year
$709,160
Total liabilities, end of year
$10,000
Net assets or fund balances, end of year
$699,160
Program services expenses (Part IX)
$272,695
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$272,695

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

    $264,745

  • 3 · Investment income

    total $27,965 · related or exempt $27,965

  • 11a · Other revenue: Returned Grants

    total $250 · related or exempt $250

  • 11e · Other revenue, total

    $250

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $249,447 · program services $249,447

  • 2 · Grants to domestic individuals

    total $23,000 · program services $23,000

  • 13 · Office expenses

    total $248 · program services $248

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,074 · end of year $8,935

  • 2 · Savings and temporary cash investments

    beginning of year $620,490 · end of year $473,993

  • 4 · Accounts receivable

    beginning of year $57,664 · end of year $226,232

  • 18 · Grants payable

    beginning of year $8,333 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $678,895 · end of year $699,160

Mission and programs · 2024

Mission

To provide grants to the community for economic, youth, rural development, education, health and research

Activities or mission (Part I)

Provide grants for economic, youth, rural development, education, health and research

  • Grants to community organizations

    Expenses $272,695 · Grants $272,447 · Revenue $28,215

As filed on the 2024 return.

Listed in Part VII

  • Craig Stevenson

    Chair Person

    Total calculated
    $0
    Hours/week
    3

  • Kim Stichnote

    Vice Chair

    Total calculated
    $0
    Hours/week
    3

  • Kelly Sharp

    Secretary

    Total calculated
    $0
    Hours/week
    3

  • Bill Watkins

    Treasurer

    Total calculated
    $0
    Hours/week
    3

  • Bev Steelman

    Director

    Total calculated
    $0
    Hours/week
    3

  • Maxine Glenn

    Director

    Total calculated
    $0
    Hours/week
    3

  • Cassandra Vinson

    Director

    Total calculated
    $0
    Hours/week
    3

  • Amanda Wooden

    Director

    Total calculated
    $0
    Hours/week
    3

  • Linda Reed Brown

    Director

    Total calculated
    $0
    Hours/week
    3

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
2024
Filed
28 February 2025
IRS schema version
2024v5.0
Source object
202510749349300641

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

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