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Nonprofiteer
← MID-CAROLINA ELECTRIC TRUST

Form 990 for tax year 2024

Filed by MID-CAROLINA ELECTRIC TRUST.

Totals

Total revenue
$317,886
Total expenses
$309,542
Contributions and grants received
$317,886
Grants paid
$309,542
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$49,446
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$49,446
Program services expenses (Part IX)
$309,542
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$309,542

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

    $317,886

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,698 · program services $76,698

  • 2 · Grants to domestic individuals

    total $232,844 · program services $232,844

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,990 · end of year $22,926

  • 4 · Accounts receivable

    beginning of year $26,112 · end of year $26,520

  • 27 · Net assets without donor restrictions

    beginning of year $41,102 · end of year $49,446

Mission and programs · 2024

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 $309,542 · Grants $309,542

As filed on the 2024 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

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
10 November 2025
IRS schema version
2024v5.0
Source object
202513169349302766

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