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Nonprofiteer
← SLEMCO ELECTRIC FOUNDATION

Form 990 for tax year 2022

Filed by SLEMCO ELECTRIC FOUNDATION.

Totals

Total revenue
$481,756
Total expenses
$486,519
Contributions and grants received
$481,050
Grants paid
$343,597
Program service revenue
$0
Investment income
$706
Other revenue
$0
Total assets, end of year
$134,568
Total liabilities, end of year
$28,072
Net assets or fund balances, end of year
$106,496
Program services expenses (Part IX)
$343,597
Management and general expenses
$142,922
Fundraising expenses
$0
Program service expenses (Part III)
$343,597

Program services were 70.6% 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

    $481,050

  • 3 · Investment income

    total $706 · excluded $706

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $343,597 · program services $343,597

  • 11b · Fees: legal

    total $8,984 · management and general $8,984

  • 11c · Fees: accounting

    total $4,420 · management and general $4,420

  • 13 · Office expenses

    total $1,794 · management and general $1,794

  • 23 · Insurance

    total $10,000 · management and general $10,000

  • 24a · Other expenses: OUTSIDE SERVICES

    total $104,126 · management and general $104,126

  • 24b · Other expenses: POSTAGE & DELIVERY

    total $5,805 · management and general $5,805

  • 24c · Other expenses: PRINTING & REPRODUCTION

    total $4,046 · management and general $4,046

  • 24d · Other expenses: TOTAL BOARD EXP - MEALS

    total $2,112 · management and general $2,112

  • 24e · All other expenses

    total $1,635 · management and general $1,635

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,355 · end of year $40,223

  • 2 · Savings and temporary cash investments

    beginning of year $52,725 · end of year $53,430

  • 4 · Accounts receivable

    beginning of year $39,900 · end of year $40,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $350 · end of year $350

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,250

  • 18 · Grants payable

    beginning of year $4,850 · end of year $2,474

  • 25 · Other liabilities

    beginning of year $30,971 · end of year $25,598

  • 27 · Net assets without donor restrictions

    beginning of year $111,259 · end of year $106,496

Mission and programs · 2022

Mission

DISTRIBUTION OF CHARITABLE DONATIONS

  • THIS ORGANIZATION SHALL RECEIVE FUNDS FROM THE MEMBERSHIP OF SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION AND FROM OTHER SOURCES AS DEEMED APPROPRIATE BY THE ORGANIZATIONS' BOARD OF DIRECTORS. THE ORGANIZATION SHALL DISPENSE THESE FUNDS TO NEEDY PERSONS AND FAMILIES AS WELL AS MAKING CHARITABLE DONATIONS TO WORTHY ORGANIZATIONS AND CAUSES WITHIN THE SERVICE AREA OF SOUTHWESTERN LOUISIANA ELECTRIC MEMBERSHIP CORPORATION OR OUTSIDE THE SERVICE AREA AS DEEMED APPROPRIATE BY THE BOARD OF DIRECTORS.

    Expenses $343,597 · Grants $343,597

As filed on the 2022 return.

Listed in Part VII

  • David Simon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 12 related

  • Bryan Leonards Sr

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    0.25 + 8 related

  • Gary Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 8 related

  • Blue Rolfes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Don Resweber

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.25 + 8 related

  • Leslie Thibodeaux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jeremy Melancon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 8 related

  • Glenn Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jeff Daigle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 8 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
2022
Filed
1 May 2023
IRS schema version
2022v5.0
Source object
202341229349301774

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