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Nonprofiteer
← WEBSTER ELECTRIC FOUNDATION INC

Form 990 for tax year 2023

Filed by WEBSTER ELECTRIC FOUNDATION INC.

Totals

Total revenue
$121,939
Total expenses
$148,334
Contributions and grants received
$111,453
Grants paid
$148,334
Program service revenue
$0
Investment income
$4,230
Other revenue
$6,256
Total assets, end of year
$100,507
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$100,507
Program services expenses (Part IX)
$148,334
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$148,334

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.

  • 1c · Fundraising events

    $4,919

  • 1f · All other contributions, gifts and grants

    $106,534

  • 1g · Noncash contributions included above

    $4,919

  • 3 · Investment income

    total $4,230 · excluded $4,230

  • 8a · Fundraising events: gross income

    $16,535

  • 8a · Fundraising events: contributions included on line 1c

    $4,919

  • 8b · Fundraising events: direct expenses

    $10,279

  • 8c · Net income from fundraising events

    total $6,256 · excluded $6,256

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $148,334 · program services $148,334

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $116,603 · end of year $100,209

  • 4 · Accounts receivable

    end of year $298

  • 15 · Other assets

    beginning of year $10,299

  • 31 · Retained earnings, endowment or other funds

    beginning of year $126,902 · end of year $100,507

Mission and programs · 2023

Mission

THE FOUNDATION IS EXPRESSLY ESTABLISHED TO ENRICH THE COMMUNITIES SERVICED BY WEBSTER ELECTRIC COOPERATIVE THROUGH COMMUNITY BETTERMENT PROJECTS.

  • GRANTS GIVEN TO ORGANIZATIONS AND GROUPS INCLUDING FIRE DEPARTMENTS, SENIOR COMMUNITY CENTERS & ORGANIZATIONS THAT DIRECTLY BENEFIT THE SURROUNDING COMMUNITIES.

    Expenses $148,334 · Grants $148,334

As filed on the 2023 return.

Listed in Part VII

  • John White

    PRESIDENT

    Total calculated
    $343
    From this org
    $0
    From related orgs
    $0
    Other
    $343
    Hours/week
    0.5

  • Kathy Dudley

    VICE PRESIDE

    Total calculated
    $244
    From this org
    $0
    From related orgs
    $0
    Other
    $244
    Hours/week
    0.5

  • Cathy Brown

    DIRECTOR

    Total calculated
    $236
    From this org
    $0
    From related orgs
    $0
    Other
    $236
    Hours/week
    0.5

  • Randy Owens

    DIRECTOR

    Total calculated
    $305
    From this org
    $0
    From related orgs
    $0
    Other
    $305
    Hours/week
    0.5

  • Louise Bigley

    SECRETARY

    Total calculated
    $174
    From this org
    $0
    From related orgs
    $0
    Other
    $174
    Hours/week
    0.5

  • Kay Fleming

    DIRECTOR

    Total calculated
    $218
    From this org
    $0
    From related orgs
    $0
    Other
    $218
    Hours/week
    0.5

  • Carolynn Thompson

    DIRECTOR

    Total calculated
    $52
    From this org
    $0
    From related orgs
    $0
    Other
    $52
    Hours/week
    0.5

  • Bill Roberts

    DIRECTOR

    Total calculated
    $279
    From this org
    $0
    From related orgs
    $0
    Other
    $279
    Hours/week
    0.5

  • Ann Marie Svoboda

    DIRECTOR

    Total calculated
    $261
    From this org
    $0
    From related orgs
    $0
    Other
    $261
    Hours/week
    0.5

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

The 10 largest by cash amount. The API serves every itemized grant.

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
1 October 2024
IRS schema version
2023v5.0
Source object
202402759349301515

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

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