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← CENTRAL FLORIDA ELECTRIC COOPERATIVE EDUCATIONAL CHARITY IN

Form 990 for tax year 2022

Filed by CENTRAL FLORIDA ELECTRIC COOPERATIVE EDUCATIONAL CHARITY IN.

Totals

Total revenue
$154,736
Total expenses
$108,914
Contributions and grants received
$141,728
Grants paid
$106,000
Program service revenue
$0
Investment income
$13,008
Other revenue
$0
Total assets, end of year
$826,023
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$826,023
Program services expenses (Part IX)
$108,914
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$108,914

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

    $141,728

  • 3 · Investment income

    total $13,008 · excluded $13,008

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 2 · Grants to domestic individuals

    total $81,000 · program services $81,000

  • 11c · Fees: accounting

    total $750 · program services $750

  • 11f · Fees: investment management

    total $1,907 · program services $1,907

  • 24a · Other expenses: BANK SERVICE CHARGES

    total $196 · program services $196

  • 24b · Other expenses: BUSINESS REGISTRATION F

    total $61 · program services $61

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $781,201 · end of year $826,023

  • 18 · Grants payable

    beginning of year $1,000 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $780,201 · end of year $826,023

Mission and programs · 2022

Mission

THE CENTRAL FLORIDA ELECTRIC COOPERATIVE EDUCATIONAL CHARITY, INC (CFECEC,INC) IS AN ORGANIZATION WHOSE PURPOSE IS EXCLUSIVELY EDUCATIONAL AND CHARITABLE AND IS TO SECURE AND DISTRIBUTE CONTRIBUTIONS FROM INDIVIDUALS,CORPORATIONS, GOVERNMENT ENTITIES AND FOUNDATIONS FOR SCHOLARSHIPS TO AND FOR GRADUATES OF HIGH SCHOOLS WITHIN THE COOPERATIVE SERVICE AREA AND WHOSE PARENT(S) OR LEGAL GUARDIAN(S) HAVE AN ACTIVE MEMBERSHIP WITH CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC. APPLICATIONS ARE RECEIVED BY THE CFECEC, INC. AND ARE SORTED BY HIGH SCHOOL WITHIN THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC SERVICE TERRITORY. COMMITTEES ARE BROKEN OUT OF THE CHARITY BOARD TO REVIEW THE DIFFERENT APPLICANTS FROM EACH SCHOOL. AN APPLICANT FROM EACH SCHOOL IS THEN CHOSEN BASED UPON THE FOLLOWING CRITERIA; GPA, FINANCIAL NEED, COMMUNITY SERVICE INVOLVEMENT, CLUBS/ORGANIZATIONS INVOLVEMENT, STUDENT WRITTEN ESSAY AND ANY ADDITIONAL CONSIDERATIONS OF NOTE.

  • THE ORGANIZATION AWARDED 36 SCHOLARSHIPS OF $1,000 EACH TO HIGH SCHOOL GRADUATES WITHIN THE HIGH SCHOOLS OF THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC'S SERVICE TERRITORY. THE ORGANIZATION ALSO AWARDED 45 SCHOLARSHIPS TO ADULTS WITHIN THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC'S SERVICE TERRITORY.

    Expenses $83,914 · Grants $81,000

  • THE ORGANIZATION AWARDED GRANTS TO 3 LOCAL EDUCATIONAL CHARITIES WITHIN THE CENTRAL FLORIDA ELECTRIC COOPERATIVE, INC'S SERVICE TERRITORY.

    Expenses $25,000 · Grants $25,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Osteen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michelle Crawford

    V PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Justin Jones

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Kathryn McInnis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Linda Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Babara Townsend

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Desiree Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denny George

    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

Provenance

Return type
form_990
Tax year
2022
Filed
15 April 2023
IRS schema version
2022v5.0
Source object
202341059349300214

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