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Nonprofiteer
← MID-CAROLINA ELECTRIC TRUST

Form 990 for tax year 2023

Filed by MID-CAROLINA ELECTRIC TRUST.

Totals

Total revenue
$316,366
Total expenses
$326,369
Contributions and grants received
$316,366
Grants paid
$326,369
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$41,102
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$41,102
Program services expenses (Part IX)
$326,369
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$326,369

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

    $316,366

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $193,537 · program services $193,537

  • 2 · Grants to domestic individuals

    total $132,832 · program services $132,832

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,043 · end of year $14,990

  • 4 · Accounts receivable

    beginning of year $26,062 · end of year $26,112

  • 27 · Net assets without donor restrictions

    beginning of year $51,105 · end of year $41,102

Mission and programs · 2023

Mission

THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MID-CAROLINA ELECTRIC COOPERATIVE, INC.

Activities or mission (Part I)

THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MID-CAROLIAN ELECTRIC COOPERATIVE, INC.

  • THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MID-CAROLINA ECI.

    Expenses $326,369 · Grants $326,369

As filed on the 2023 return.

Listed in Part VII

  • Stan Shealy

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Rev Rus Stilwell

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • Gerry Spragg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Capobianco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Bishop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Beerman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daphyne Ridgell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Doug Martin

    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

Provenance

Return type
form_990
Tax year
2023
Filed
12 September 2024
IRS schema version
2023v5.0
Source object
202402579349301800

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