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Nonprofiteer
← SOUTH CENTRAL POWER COMPANY FOUNDATION

Form 990 for tax year 2023

Filed by SOUTH CENTRAL POWER COMPANY FOUNDATION.

Totals

Total revenue
$657,343
Total expenses
$684,629
Contributions and grants received
$657,176
Grants paid
$682,217
Program service revenue
$0
Investment income
$167
Other revenue
$0
Total assets, end of year
$350,095
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$350,095
Program services expenses (Part IX)
$682,217
Management and general expenses
$2,412
Fundraising expenses
$0
Program service expenses (Part III)
$682,217

Program services were 99.6% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $657,176

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $167 · related or exempt $0 · unrelated business $0 · excluded $167

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

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

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $581,217 · program services $581,217

  • 2 · Grants to domestic individuals

    total $101,000 · program services $101,000

  • 13 · Office expenses

    total $61 · management and general $61

  • 19 · Conferences, conventions and meetings

    total $2,101 · management and general $2,101

  • 23 · Insurance

    total $250 · management and general $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $376,844 · end of year $350,095

  • 27 · Net assets without donor restrictions

    beginning of year $376,844 · end of year $350,095

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

To accumulate and disburse funds for charitable purposes in the service territory and surrounding communities of South Central Power Company.

  • South Central Power Company Foundation disbursed 125 grants and 101 scholarships for charitable purposes and advanced education in the service territory and surrounding communities of South Central Power Company.

    Expenses $682,217 · Grants $682,217

As filed on the 2023 return.

Listed in Part VII

  • Donald Jones

    Chairman/Director

    Total calculated
    $0
    Hours/week
    2

  • Judy Shupe

    Vice Chairman/Director

    Total calculated
    $0
    Hours/week
    1.95

  • Lynn Neal

    Secretary/Director

    Total calculated
    $0
    Hours/week
    1.5

  • Cara Pfeifer

    Treasurer/Director

    Total calculated
    $0
    Hours/week
    1.5

  • Susan Clay

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Nicola Eyre

    Director

    Total calculated
    $0
    Hours/week
    1.5

  • Ann Marie Leak

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julianne McCray

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Sneed

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Wells

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sky Gettys

    Director

    Total calculated
    $0
    Hours/week
    2

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
14 November 2024
IRS schema version
2023v5.0
Source object
202433199349313563

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

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