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Nonprofiteer
← TVEC CHARITABLE FOUNDATION

Form 990 for tax year 2024

Filed by TVEC CHARITABLE FOUNDATION.

Totals

Total revenue
$450,758
Total expenses
$479,450
Contributions and grants received
$450,758
Grants paid
$475,500
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$77,798
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$77,798
Program services expenses (Part IX)
$475,500
Management and general expenses
$3,950
Fundraising expenses
$0
Program service expenses (Part III)
$475,500

Program services were 99.2% 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

    $450,758

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $475,500 · program services $475,500

  • 11c · Fees: accounting

    total $3,950 · management and general $3,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,514 · end of year $77,798

  • 4 · Accounts receivable

    beginning of year $476

  • 18 · Grants payable

    beginning of year $7,500 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $106,490 · end of year $77,798

Mission and programs · 2024

Mission

THE MISSION OF THE FOUNDATION IS THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF TRINITY VALLEY ELECTRIC COOPERATIVE, INC.

  • GRANTS TO 132 NOT-FOR PROFIT ORGANIZATIONS BENEFITING INDIVIDUALS, FAMILIES AND GROUPS IN THE TRINITY VALLEY ELECTRIC COOPERATIVE SERVICE TERRITORY, IN ACCORDANCE WITH 501 ( C ) ( 3 ) GUIDELINES.

    Expenses $475,500 · Grants $475,500

As filed on the 2024 return.

Listed in Part VII

  • Howard Tillison

    CHAIRMAN

    Total calculated
    $12,150
    From this org
    $0
    From related orgs
    $12,150
    Other
    $0
    Hours/week
    2 + 14.9 related

  • Carolyn Minor

    VICE CHAIRMAN

    Total calculated
    $11,550
    From this org
    $0
    From related orgs
    $11,550
    Other
    $0
    Hours/week
    2 + 10 related

  • Jo Ann Hanstrom

    SECRETARY

    Total calculated
    $10,350
    From this org
    $0
    From related orgs
    $10,350
    Other
    $0
    Hours/week
    2 + 10.5 related

  • Jack Endres

    DIRECTOR

    Total calculated
    $11,250
    From this org
    $0
    From related orgs
    $11,250
    Other
    $0
    Hours/week
    1 + 9 related

  • Edward Reeve

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $0
    From related orgs
    $10,500
    Other
    $0
    Hours/week
    1 + 9.3 related

  • Jeff Priest

    DIRECTOR

    Total calculated
    $11,550
    From this org
    $0
    From related orgs
    $11,550
    Other
    $0
    Hours/week
    1 + 10.1 related

  • Paul Weatherford

    DIRECTOR

    Total calculated
    $30,283
    From this org
    $0
    From related orgs
    $30,283
    Other
    $0
    Hours/week
    1 + 8.3 related

  • Jeffrey Lane

    EXECUTIVE DIRECTOR

    Total calculated
    $525,881
    From this org
    $0
    From related orgs
    $350,867
    Other
    $175,014
    Hours/week
    2 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,127 related
    Bonus
    $0 + $2,392 related
    Other
    $0 + $20,348 related
    Deferred
    $0 + $136,637 related
    Nontaxable benefits
    $0 + $38,377 related
    Filer's total
    $0 + $525,881 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART II:
ALL COMPENSATION REPORTED ON SCHEDULE J PART II IS RELATED TO THE DIRECTORS' EMPLOYMENT WITH TRINITY VALLEY ELECTRIC COOPERATIVE, INC. PER THE BY-LAWS NO DIRECTOR OR MEMBER OF ANY COMMITTEE OF THE BOARD MAY BE PAID COMPENSATION FOR HIS/HER SERVICE AS A DIRECTOR OR COMMITTEE MEMBER OF THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

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
24 October 2025
IRS schema version
2024v5.2
Source object
202523219349304652

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

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