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Nonprofiteer
← SATILLA REMC FOUNDATION INC

Form 990 for tax year 2023

Filed by SATILLA REMC FOUNDATION INC.

Totals

Total revenue
$310,768
Total expenses
$147,037
Contributions and grants received
$304,375
Grants paid
$146,000
Program service revenue
$0
Investment income
$6,393
Other revenue
$0
Total assets, end of year
$762,411
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$762,411
Program services expenses (Part IX)
$146,312
Management and general expenses
$725
Fundraising expenses
$0
Program service expenses (Part III)
$146,312

Program services were 99.5% 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

    $304,375

  • 3 · Investment income

    total $6,393 · related or exempt $6,393

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $99,000 · program services $99,000

  • 2 · Grants to domestic individuals

    total $47,000 · program services $47,000

  • 11c · Fees: accounting

    total $725 · management and general $725

  • 24a · Other expenses: RET. EDUCATORS MEAT BOXES

    total $312 · program services $312

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,449 · end of year $510,180

  • 2 · Savings and temporary cash investments

    beginning of year $252,231 · end of year $252,231

  • 28 · Net assets with donor restrictions

    beginning of year $598,680 · end of year $762,411

Mission and programs · 2023

Mission

THE PRIMARY EXEMPT PURPOSE OF SATILLA REMC FOUNDATION, INC. IS TO ASSIST EDUCATIONAL ORGANIZATIONS SUCH AS SCHOOLS, COLLEGES AND TECHNICAL INSTITUTIONS IN THE ADVANCEMENT OF NECESSARY PROGRAMS OR FACILITIES THAT ADD VALUE TO THE EDUCATIONAL PROCESS.

  • TO ASSIST EDUCATIONAL ORGANIZATIONS SUCH AS SCHOOLS, COLLEGES AND TECHNICAL INSTITUTIONS IN THE ADVANCEMENT OF NECESSARY PROGRAMS OR FACILITIES THAT ADD VALUE TO THE EDUCATIONAL PROCESS.

    Expenses $146,312 · Grants $146,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Ray Tucker Jr

    CHAIRMAN

    Total calculated
    $194,990
    From this org
    $0
    From related orgs
    $194,990
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    not reported + $194,990 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $194,990 related

  • Matt Parker

    SECRETARY

    Total calculated
    $75,880
    From this org
    $0
    From related orgs
    $75,880
    Other
    $0
    Hours/week
    1

  • Dale Atkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Amy Burkett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Paul Drawdy

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Rick Oliver

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jimmy Ryles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Sue White

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Joy Williams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • COASTAL PINES TECHNICAL COLLEGE

    $10,000

    CAPITAL FUNDING

  • COASTAL PINES TECHNICAL COLLEGE

    $10,000

    LINEMAN PROGRAM

  • SATILLA REGIONAL LIBRARY - COFFEE

    $10,000

    PUBLIC LIBRARY DONAT

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.

  • SATILLA REMC

    501C12 · RURAL ELEC · GA

Provenance

Return type
form_990
Tax year
2023
Filed
21 April 2025
IRS schema version
2023v6.0
Source object
202531149349301043

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