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Nonprofiteer
← BERKELEY ELECTRIC TRUST

Form 990 for tax year 2023

Filed by BERKELEY ELECTRIC TRUST.

Totals

Total revenue
$650,250
Total expenses
$658,895
Contributions and grants received
$650,213
Grants paid
$633,330
Program service revenue
$0
Investment income
$37
Other revenue
$0
Total assets, end of year
$79,948
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$79,948
Program services expenses (Part IX)
$658,895
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$658,895

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

    $650,213

  • 3 · Investment income

    total $37 · excluded $37

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,000 · program services $13,000

  • 2 · Grants to domestic individuals

    total $620,330 · program services $620,330

  • 5 · Compensation of officers, directors and key employees

    total $17,675 · program services $17,675

  • 11g · Fees: other

    total $7,890 · program services $7,890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,936 · end of year $25,713

  • 4 · Accounts receivable

    beginning of year $51,657 · end of year $54,235

  • 27 · Net assets without donor restrictions

    beginning of year $88,593 · end of year $79,948

Mission and programs · 2023

Mission

THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF BERKELEY ECI.

Activities or mission (Part I)

THE MISSION OF BERKELEY ELECTRIC TRUST IS THE DISBURSEMENT OF OPERATION ROUND-UP FUNDS FOR CHARITABLE PURPOSES IN BERKELEY, CHARLESTON AND DORCHESTER COUNTIES.THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF FUNDS TO INDIVIDUALS AND ORGANIZATIONS FOR FOOD, SHELTER, CLOTHING, HEALTH NEEDS AND EDUCATION.

  • THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF BERKELEY ECI.

    Expenses $633,330 · Grants $633,330

  • THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF BERKELEY ECI.

    Expenses $25,565

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

Listed in Part VII

  • Alton Hood

    CHAIRMAN

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • James Graham

    VICE CHAIRMA

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Latonia Brothers

    SECRETARY

    Total calculated
    $1,925
    From this org
    $1,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Samuel Brownlee

    TREASURER

    Total calculated
    $1,925
    From this org
    $1,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Queen Wilson

    TRUSTEE

    Total calculated
    $1,750
    From this org
    $1,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Barbara Singleton

    TRUSTEE

    Total calculated
    $1,925
    From this org
    $1,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William Jones

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • William Smoak

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mavon Jernigan

    TRUSTEE

    Total calculated
    $2,100
    From this org
    $2,100
    From related orgs
    $0
    Other
    $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

Provenance

Return type
form_990
Tax year
2023
Filed
22 March 2024
IRS schema version
2023v5.0
Source object
202430829349300233

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