Skip to content
Nonprofiteer
← WALTON ELECTRIC TRUST INC

Form 990 for tax year 2024

Filed by WALTON ELECTRIC TRUST INC.

Totals

Total revenue
$1,799,997
Total expenses
$1,430,774
Contributions and grants received
$1,205,609
Grants paid
$1,379,183
Program service revenue
$329,403
Investment income
$264,985
Other revenue
$0
Total assets, end of year
$5,772,040
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,772,040
Program services expenses (Part IX)
$1,430,774
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,430,774

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

    $1,205,609

  • 2a · Program service revenue: FUND-RAISING REVENUE

    total $329,403 · related or exempt $329,403

  • 3 · Investment income

    total $264,985 · excluded $264,985

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $876,903 · program services $876,903

  • 2 · Grants to domestic individuals

    total $502,280 · program services $502,280

  • 11g · Fees: other

    total $51,591 · program services $51,591

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $445,938 · end of year $5,734,815

  • 3 · Pledges and grants receivable

    beginning of year $36,022 · end of year $37,225

  • 4 · Accounts receivable

    beginning of year $120,857

  • 12 · Investments: other securities

    beginning of year $4,800,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,402,817 · end of year $5,772,040

Mission and programs · 2024

Mission

THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF WALTON EMC.

  • THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF WALTON EMC.

    Expenses $1,430,774 · Grants $1,379,183

As filed on the 2024 return.

Listed in Part VII

  • Glenn George

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Foy

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Deedra Leach

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Henry Hibbs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nancy Abbott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ed Pollard

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2
  • Patti Ruiz

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Janice Knight

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Debbie Fowler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cindy Haddon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Bill Ross

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Penny Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kylie Myers

    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

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
5 May 2026
IRS schema version
2024v5.0
Source object
202601359349302435

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

The source document this was parsed from is served over the API, which is where bulk and document access live.