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Nonprofiteer
← SAN PATRICIO ELECTRIC EDUCATION TR

Form 990 for tax year 2024

Filed by SAN PATRICIO ELECTRIC EDUCATION TR.

Totals

Total revenue
$263,153
Total expenses
$72,061
Contributions and grants received
$42,437
Grants paid
$46,250
Program service revenue
$0
Investment income
$220,716
Other revenue
$0
Total assets, end of year
$3,111,105
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,111,105
Program services expenses (Part IX)
$46,250
Management and general expenses
$25,811
Fundraising expenses
$0
Program service expenses (Part III)
$46,250

Program services were 64.2% 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

    $42,437

  • 3 · Investment income

    total $100,432 · excluded $100,432

  • 7a · Gross sales of assets other than inventory

    securities $310,659

  • 7b · Less cost or other basis and sales expenses

    securities $190,375

  • 7c · Gain or loss

    securities $120,284

  • 7d · Net gain or loss

    total $120,284 · excluded $120,284

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $46,250 · program services $46,250

  • 11f · Fees: investment management

    total $25,334 · management and general $25,334

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $477 · management and general $477

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,755 · end of year $76,442

  • 11 · Investments: publicly traded securities

    beginning of year $3,003,079 · end of year $3,034,663

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,080,834 · end of year $3,111,105

Mission and programs · 2024

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO HELP STUDENTS PURSUE HIGHER EDUCATION.

  • THE ORGANIZATION PAID OUT $46,250 IN SCHOLARSHIPS TO 37 DIFFERENT STUDENTS DURING THE TAX YEAR. THE SCHOLARSHIPS ARE PAID IN $1,250 INCREMENTS PER SEMESTER. STUDENTS ARE REQUIRED TO MAINTAIN A MINIMUM OF 12 SEMESTER HOURS AND A MINIMUM 2.5 GRADE POINT AVERAGE FOR THE PREVIOUS SEMESTER.

    Expenses $46,250 · Grants $46,250

As filed on the 2024 return.

Listed in Part VII

  • Clyde Stewart

    TRUSTEE

    Total calculated
    $6,900
    From this org
    $0
    From related orgs
    $6,900
    Other
    $0
    Hours/week
    1 + 7.9 related

  • Tom Mayo

    TRUSTEE

    Total calculated
    $8,100
    From this org
    $0
    From related orgs
    $8,100
    Other
    $0
    Hours/week
    1 + 6.75 related

  • Jim Bassett

    TRUSTEE

    Total calculated
    $6,900
    From this org
    $0
    From related orgs
    $6,900
    Other
    $0
    Hours/week
    1 + 5.6 related

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

No itemized grants to organizations 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
5 November 2025
IRS schema version
2024v5.2
Source object
202503099349303705

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