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Nonprofiteer
← SLEMCO ELECTRIC FOUNDATION

Form 990 for tax year 2024

Filed by SLEMCO ELECTRIC FOUNDATION.

Totals

Total revenue
$505,727
Total expenses
$514,760
Contributions and grants received
$502,996
Grants paid
$401,804
Program service revenue
$0
Investment income
$2,731
Other revenue
$0
Total assets, end of year
$146,530
Total liabilities, end of year
$23,197
Net assets or fund balances, end of year
$123,333
Program services expenses (Part IX)
$401,804
Management and general expenses
$112,956
Fundraising expenses
$0
Program service expenses (Part III)
$401,804

Program services were 78.1% 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

    $502,996

  • 3 · Investment income

    total $2,731 · excluded $2,731

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $401,804 · program services $401,804

  • 11b · Fees: legal

    total $5,140 · management and general $5,140

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 13 · Office expenses

    total $1,254 · management and general $1,254

  • 23 · Insurance

    total $14,000 · management and general $14,000

  • 24a · Other expenses: OUTSIDE SERVICES

    total $70,507 · management and general $70,507

  • 24b · Other expenses: PRINTING & REPRODUCTION

    total $7,120 · management and general $7,120

  • 24c · Other expenses: POSTAGE & DELIVERY

    total $6,801 · management and general $6,801

  • 24d · Other expenses: TOTAL BOARD EXP - MEALS

    total $2,383 · management and general $2,383

  • 24e · All other expenses

    total $1,751 · management and general $1,751

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $47,469 · end of year $45,820

  • 2 · Savings and temporary cash investments

    beginning of year $55,942 · end of year $58,673

  • 4 · Accounts receivable

    beginning of year $42,661 · end of year $41,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $350 · end of year $350

  • 18 · Grants payable

    beginning of year $3,700 · end of year $5,000

  • 25 · Other liabilities

    beginning of year $10,356 · end of year $18,197

  • 27 · Net assets without donor restrictions

    beginning of year $132,366 · end of year $123,333

Mission and programs · 2024

Mission

DISTRIBUTION OF CHARITABLE DONATIONS

  • THIS ORGANIZATION SHALL RECEIVE FUNDS FROM THE MEMBERSHIP OF SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION AND FROM OTHER SOURCES AS DEEMED APPROPRIATE BY THE ORGANIZATIONS' BOARD OF DIRECTORS. THE ORGANIZATION SHALL DISPENSE THESE FUNDS TO NEEDY PERSONS AND FAMILIES AS WELL AS MAKING CHARITABLE DONATIONS TO WORTHY ORGANIZATIONS AND CAUSES WITHIN THE SERVICE AREA OF SOUTHWESTERN LOUISIANA ELECTRIC MEMBERSHIP CORPORATION OR OUTSIDE THE SERVICE AREA AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS.

    Expenses $401,804 · Grants $401,804

As filed on the 2024 return.

Listed in Part VII

  • David Simon

    PRESIDENT

    Total calculated
    $44,041
    From this org
    $0
    From related orgs
    $44,041
    Other
    $0
    Hours/week
    0.25 + 12 related

  • Bryan Leonards Sr

    SECRETARY/TR

    Total calculated
    $43,202
    From this org
    $0
    From related orgs
    $43,202
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Gary Soileau

    DIRECTOR

    Total calculated
    $33,740
    From this org
    $0
    From related orgs
    $33,740
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Jeff Daigle

    DIRECTOR

    Total calculated
    $36,902
    From this org
    $0
    From related orgs
    $36,902
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Lesley Thibodeaux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Glenn Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jeremy Melancon

    DIRECTOR

    Total calculated
    $39,572
    From this org
    $0
    From related orgs
    $39,572
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Gary Smith

    DIRECTOR

    Total calculated
    $32,603
    From this org
    $0
    From related orgs
    $32,603
    Other
    $0
    Hours/week
    0.25 + 8 related

  • Blake Andrepont

    DIRECTOR

    Total calculated
    $146,750
    From this org
    $0
    From related orgs
    $146,750
    Other
    $0
    Hours/week
    0.25 + 40 related

  • Andre Clement

    DIRECTOR

    Total calculated
    $83,926
    From this org
    $0
    From related orgs
    $83,926
    Other
    $0
    Hours/week
    0.25 + 40 related

  • Matt Nugent

    DIRECTOR

    Total calculated
    $112,026
    From this org
    $0
    From related orgs
    $112,026
    Other
    $0
    Hours/week
    0.25 + 40 related

  • Brady Prejean

    DIRECTOR

    Total calculated
    $121,151
    From this org
    $0
    From related orgs
    $121,151
    Other
    $0
    Hours/week
    0.25 + 40 related

  • Megan Laper

    DIRECTOR

    Total calculated
    $80,342
    From this org
    $0
    From related orgs
    $80,342
    Other
    $0
    Hours/week
    0.25 + 40 related

  • Kali Babineaux

    DIRECTOR

    Total calculated
    $83,366
    From this org
    $0
    From related orgs
    $83,366
    Other
    $0
    Hours/week
    0.25 + 40 related

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

No itemized grants to organizations 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
2024
Filed
1 May 2025
IRS schema version
2024v5.0
Source object
202541289349302984

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

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