Form 990-EZ for tax year 2024
Filed by RUNESTONE ELECTRIC COMMUNITY TRUST.
Totals
- Total revenue
- $64,904
- Total expenses
- $64,375
- Contributions and grants received
- $64,901
- Grants paid
- $62,014
- Program service revenue
- $0
- Membership dues (line 3)
- $0
- Investment income (line 4)
- $3
- Gain or loss on sale of assets (line 5c)
- $0
- Gaming and fundraising events, net (line 6d)
- $0
- Gross profit on inventory sales (line 7c)
- $0
- Other revenue (line 8)
- $0
- Total assets, end of year
- $10,101
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $10,101
- Program service expenses (Part III)
- $62,014
Program services were 96.3% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.
Mission and programs · 2024
Primary exempt purpose
Fund nonprofit projects in our service area.
-
The organization disbursed 115 grants totaling $62,014 to 114 community groups. These grants are used for such purposes as fire department equipment, food shelves, disability programs, youth activities and senior projects.
Expenses $62,014 · Grants $62,014
As filed on the 2024 return.
Listed in Part IV
-
Jeff Gaffaney
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Pat Soberg
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
David Lundy
Sec/Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Rich Moen
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary Betterman
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard Duncan
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
John Rolf
Director
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990_ez
- Tax year
- 2024
- Filed
- 24 March 2025
- IRS schema version
- 2024v5.0
- Source object
- 202530839349200913
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