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Nonprofiteer
← RAYLE EMC FOUNDATION INC

Form 990 for tax year 2023

Filed by RAYLE EMC FOUNDATION INC.

Totals

Total revenue
$104,861
Total expenses
$96,435
Contributions and grants received
$104,861
Grants paid
$96,435
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$142,622
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$142,622
Program services expenses (Part IX)
$96,435
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$96,435

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

    $104,861

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $96,435 · program services $96,435

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,596 · end of year $133,746

  • 4 · Accounts receivable

    beginning of year $17,600 · end of year $8,876

  • 27 · Net assets without donor restrictions

    beginning of year $134,196 · end of year $142,622

Mission and programs · 2023

Mission

CHARITABLE DISBURSEMENTS

Activities or mission (Part I)

THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENTS OF FUNDS FOR CHARTIABLE PURPOSES IN THE SERVICE AREA OF RAYLE ELETRIC MEMBERSHIP CORPORATION.

  • THE PURPOSE OF THE FOUNDATION IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF RAYLE EMC.

    Expenses $96,435 · Grants $96,435

  • CHARITABLE FINANCIAL ASSISTANCE

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

Listed in Part VII

  • Jimmy Johnson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Willie Harris

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    1

  • Debbie Jackson

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Becky Cronic

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Winnie Tiller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

  • COMMUNITY ASSISTANCE

    $96,435

Provenance

Return type
form_990
Tax year
2023
Filed
28 August 2024
IRS schema version
2023v5.0
Source object
202422549349301667

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

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