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Nonprofiteer
← GRAHAM COUNTY ELECTRIC COOPERATIVE FOUNDATION INC

Form 990 for tax year 2023

Filed by GRAHAM COUNTY ELECTRIC COOPERATIVE FOUNDATION INC.

Totals

Total revenue
$205,368
Total expenses
$70,123
Contributions and grants received
$204,747
Grants paid
$45,680
Program service revenue
$0
Investment income
$621
Other revenue
$0
Total assets, end of year
$320,323
Total liabilities, end of year
$1,474
Net assets or fund balances, end of year
$318,849
Program services expenses (Part IX)
$67,223
Management and general expenses
$2,900
Fundraising expenses
$0
Program service expenses (Part III)
$67,223

Program services were 95.9% 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

    $204,747

  • 3 · Investment income

    total $621 · excluded $621

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,075 · program services $36,075

  • 2 · Grants to domestic individuals

    total $9,605 · program services $9,605

  • 13 · Office expenses

    total $2,900 · management and general $2,900

  • 19 · Conferences, conventions and meetings

    total $21,543 · program services $21,543

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,356 · end of year $320,323

  • 4 · Accounts receivable

    beginning of year $1,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,844

  • 17 · Accounts payable and accrued expenses

    end of year $1,474

  • 27 · Net assets without donor restrictions

    beginning of year $183,604 · end of year $318,849

Mission and programs · 2023

Mission

TO PROVIDE UTILITY ASSISTANCE PAYMENTS, SCHOLARSHIPS AND YOUTH TOUR PARTICIPATION ASSISTANCE FOR COMMUNITIES SERVED BY GRAHAM COUNTY ELECTRIC COOPERATIVE, INC. AND GRAHAM COUNTY UTILITIES, INC.

  • COMMUNITY SPONSORED YOUTH TOUR TO WASHINGTON, D.C. HIGH SCHOOL JUNIORS FROM GRAHAM COUNTY PREPARE ESSAYS, PARTICIPATE IN INTERVIEWS, AND ARE JUDGED BY AN INDEPENDENT PANEL OF JUDGES. SUCCESSFUL STUDENTS ARE THEN PROVIDED AN ALL PAID TRIP TO WASHINGTON, D.C. TO LEARN ABOUT COOPERATIVE PRINCIPLES AND FEDERAL GOVERNANCE.

    Expenses $21,543

  • $1,000 SCHOLARSHIPS TO SENIOR HIGH SCHOOL STUDENTS WHO LIVE IN THE SERVICE AREA OF GRAHAM COUNTY ELECTRIC COOPERATIVE. SCHOLARSHIPS ARE FOR HIGHER EDUCATION.

    Expenses $5,500 · Grants $5,500

  • GRANTS TO INDIVIDUALS IN THE GRAHAM COUNTY ELECTRIC SERVICE AREA TO HELP WITH UTILITY PAYMENTS. GRANTS TO NOT FOR PROFIT ORGANIZATIONS IN THE SERVICE AREA TO HELP WITH EDUCATION, COMMUNITY NEEDS AND PUBLIC SERVICES.

    Expenses $40,180 · Grants $40,180

As filed on the 2023 return.

Listed in Part VII

  • Kim Larkey

    PRESIDENT

    Total calculated
    $146,715
    From this org
    $0
    From related orgs
    $106,169
    Other
    $40,546
    Hours/week
    1 + 40 related

  • Reuben McBride

    SECRETARY/TREASURER

    Total calculated
    $7,781
    From this org
    $0
    From related orgs
    $7,781
    Other
    $0
    Hours/week
    1 + 10 related

  • Dennis Jacob

    DIRECTOR

    Total calculated
    $4,615
    From this org
    $0
    From related orgs
    $4,615
    Other
    $0
    Hours/week
    1 + 1 related

  • Chris Claridge

    DIRECTOR

    Total calculated
    $10,786
    From this org
    $0
    From related orgs
    $10,786
    Other
    $0
    Hours/week
    1 + 2 related

  • Wendy John

    DIRECTOR

    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

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
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202423109349301222

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