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← WIREGRASS ELECTRIC COOPERATIVE INC CHARITABLE FOUNDATION INC

Form 990 for tax year 2023

Filed by WIREGRASS ELECTRIC COOPERATIVE INC CHARITABLE FOUNDATION INC.

Totals

Total revenue
$189,703
Total expenses
$208,987
Contributions and grants received
$140,306
Grants paid
$172,207
Program service revenue
$0
Investment income
$0
Other revenue
$49,397
Total assets, end of year
$77,583
Total liabilities, end of year
$47,000
Net assets or fund balances, end of year
$30,583
Program services expenses (Part IX)
$172,207
Management and general expenses
$36,780
Fundraising expenses
$0
Program service expenses (Part III)
$172,207

Program services were 82.4% 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.

  • 1d · Related organizations

    $140,306

  • 8a · Fundraising events: gross income

    $82,495

  • 8b · Fundraising events: direct expenses

    $33,098

  • 8c · Net income from fundraising events

    total $49,397 · excluded $49,397

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $118,207 · program services $118,207

  • 2 · Grants to domestic individuals

    total $54,000 · program services $54,000

  • 11b · Fees: legal

    total $1,450 · management and general $1,450

  • 17 · Travel

    total $474 · management and general $474

  • 24a · Other expenses: General and Admin Expen

    total $34,856 · management and general $34,856

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,383 · end of year $47,677

  • 3 · Pledges and grants receivable

    beginning of year $29,856 · end of year $29,906

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,000 · end of year $47,000

  • 27 · Net assets without donor restrictions

    beginning of year $27,239 · end of year $30,583

Mission and programs · 2023

Mission

The purpose of the foundation shall be the accumulation of funds for charitable purposes in the service area of Wiregrass Electric Cooperative, Inc. and its surrounding communities. This shall be accomplished by disbursement of these accumulated funds of the foundation to individuals and organizations for needs which are related to food, shelter, clothing, health needs, environmental and education.

Activities or mission (Part I)

Accumulate and disperse funds for charitable or educational purposes

  • Assisted local non-profit organizations with various projects through the use of grant funding.

    Expenses $66,500 · Grants $66,500

  • Provided Scholarships to numerous local high school seniors for college.

    Expenses $35,000 · Grants $35,000

  • Provided funding to local schools for various improvements, and learning programs.

    Expenses $40,327 · Grants $40,327

  • Provided funding and assitance to local organizations and individuals for community betterment.

    Expenses $30,380 · Grants $30,380

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rickey Moore

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • David Hall

    President

    Total calculated
    $0
    Hours/week
    1

  • Hayden Camp

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Delain Faulk

    Director

    Total calculated
    $0
    Hours/week
    1

  • Van Chambers

    Director

    Total calculated
    $0
    Hours/week
    1

  • J Everette Stewart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Gene Bailey

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Rachelle Ford

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vann Cooley

    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
2023
Filed
20 August 2024
IRS schema version
2023v5.1
Source object
202402929349301105

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