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Nonprofiteer
← PEACE RIVER COOPERATIVE CHARITABLE FOUNDATION INC

Form 990 for tax year 2022

Filed by PEACE RIVER COOPERATIVE CHARITABLE FOUNDATION INC.

Totals

Total revenue
$228,643
Total expenses
$261,241
Contributions and grants received
$228,395
Grants paid
$255,161
Program service revenue
$0
Investment income
$248
Other revenue
$0
Total assets, end of year
$376,958
Total liabilities, end of year
$700
Net assets or fund balances, end of year
$376,258
Program services expenses (Part IX)
$255,161
Management and general expenses
$6,080
Fundraising expenses
$0
Program service expenses (Part III)
$255,161

Program services were 97.7% 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

    $228,395

  • 3 · Investment income

    total $248 · excluded $248

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $142,734 · program services $142,734

  • 2 · Grants to domestic individuals

    total $112,427 · program services $112,427

  • 11c · Fees: accounting

    total $6,080 · management and general $6,080

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $367,792 · end of year $359,783

  • 15 · Other assets

    beginning of year $41,064 · end of year $17,175

  • 25 · Other liabilities

    end of year $700

  • 27 · Net assets without donor restrictions

    beginning of year $408,856 · end of year $376,258

Mission and programs · 2022

Mission

THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PEACE RIVER ELECTRIC COOPERATIVE, INC. AND ITS SURROUNDING COMMUNITIES. THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF THESE ACCUMULATED CHARITABLE FUNDS OF THE FOUNDATION TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS SHALL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES.

  • FINANCIAL ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION.

    Expenses $173,161 · Grants $173,161

  • PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS RESIDING IN THE FOUNDATION'S LOCAL 10 COUNTY AREA, ALL OF WHICH ARE IN THE STATE OF FLORIDA.

    Expenses $82,000 · Grants $82,000

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

Listed in Part VII

  • CAROL ACKERLY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • THOMAS W BALISTRERI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.1

  • THOMAS HACKLE

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • ELLEN HAMEL

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • MATT HARRISON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD ILLCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JUDYE MERCER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MILDRED SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WINNIE WADSWORTH

    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

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
16 January 2024
IRS schema version
2022v5.0
Source object
202440389349301129

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