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Nonprofiteer
← TAYLOR ELECTRIC TRUST

Form 990-EZ for tax year 2024

Filed by TAYLOR ELECTRIC TRUST.

Totals

Total revenue
$87,727
Total expenses
$82,810
Contributions and grants received
$78,876
Grants paid
$82,750
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
$8,851
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$252,391
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$252,391
Program service expenses (Part III)
$82,810

Program services were 100.0% of total expenses calculated — Part III's total program service expenses over total expenses, both as filed.

Mission and programs · 2024

Primary exempt purpose

THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF TAYLOR ELECTRIC COOPERATIVE, INC.

  • THE TRUST OPERATES AN OPERATION ROUND UP PROGRAM BY WHICH MEMBERS OF TAYLOR ELECTRIC COOPERATIVE ROUND UP THEIR UTILITY BILL TO THE NEXT WHOLE DOLLAR. THE FUNDS ARE THEN USED TO SUPPORT VOLUNTEER FIRE DEPARTMENTS AND NEEDY INDIVIDUALS IN THE TAYLOR ELECTRIC COOPERATIVE SERVICE AREA. APPROXIMATELY 26 DIFFERENT VOLUNTEER FIRE DEPARTMENTS RECEIVED CONTRIBUTIONS IN 2024. NO INDIVIDUALS RECEIVED ANY FUNDS IN 2024.

    Expenses $82,810 · Grants $82,750

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part IV

  • Cecil Davis

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Kathryn Rainey

    BOARD VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • David McFall

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Garland Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Richard Petree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Craig Bessent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gayla Simmons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2024
Filed
3 June 2025
IRS schema version
2024v5.1
Source object
202521559349200207

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