Consolidated Electric Foundation Inc
- Assets
- $104.3k
- Revenue
- $91.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Gilead, OH
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 03-0417951
Organization Overview
Consolidated Electric Foundation Inc is located in Mt Gilead, OH. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Consolidated Electric Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Consolidated Electric Foundation Inc generated $91.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $67.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Consolidated Electric Foundation Inc has awarded 22 individual grants totaling $249,572. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION ROUND-UP IS A VOLUNTARY ROUNDING UP OF CONSUMERS' UTILITY BILLS AND IS DISBURSED TO ASSIST IN KEEPING WITH THE SPIRIT AND PURPOSE OF THE FUND AFTER BOARD APPROVAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONTRIBUTIONS RECEIVED THROUGH "OPERATION ROUND-UP" IS A VOLUNTARY ROUNDING UP ON CONSUMERS' UTILITY BILLS AND IS DISBURSED TO OTHER 501(C)(3) ORGANIZATIONS, GOVERNMENTAL UNITS, OR TO INDIVIDUALS WHEN SUCH ASSISTANCE IS IN KEEPING THE SPIRIT AND PURPOSE OF THE FUND. THESE ALLOCATIONS ARE REVIEWED BY THE BOARD OF DIRECTORS TO DETERMINE WORTHINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ziegelhofer Chairman | OfficerTrustee | 1 | $0 |
Lisa Stumpf Secretary | OfficerTrustee | 1 | $0 |
Doug Loudenslager Director | Trustee | 1 | $0 |
Janeen Wert Director | Trustee | 1 | $0 |
Michael Schuster Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,158 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,158 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,585 |
| Grants and other assistance to domestic individuals. | $21,025 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,791 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $67,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,243 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,041 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $104,284 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $32,676 |
| Net assets with donor restrictions | $71,608 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $104,284 |
Grants Awarded
Over the last fiscal year, Consolidated Electric Foundation Inc has awarded $25,758 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SHAW-OH MEDICAL PURPOSE: ADISON DELP | $11,858 |
Ashley, OH PURPOSE: 10 CAMPERSHIPS | $8,600 |
JE MILLER ENTERPRISES INC PURPOSE: FRIENDS OF CARDINGTO | $5,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |
Comerica Charitable Tr Detroit, MI | $75,789,432 | $13,296,605 |
New Albany Community Foundation New Albany, OH | $19,894,351 | $7,914,986 |
Porter County Government Charitable Nonprofit Foundation Inc Valparaiso, IN | $195,277,590 | $7,720,193 |
The Wayne And Joan Webber Foundation Clinton Township, MI | $34,958,708 | $9,275,748 |
United Way Of Greater Stark County Inc Canton, OH | $15,976,372 | $6,358,831 |
American Friends Of Kohelet Policy Forum Philadelphia, PA | $260,078 | $121,500 |
Travis Manion Foundation Doylestown, PA | $7,247,874 | $9,161,709 |
Capital For Good Usa Paoli, PA | $43,024,073 | $25,450,338 |
Licking County Foundation Newark, OH | $148,770,755 | $12,459,784 |
Poise Foundation Pittsburgh, PA | $17,239,498 | $10,674,894 |
Detroit Childrens Fund Detroit, MI | $4,764,612 | $6,678,705 |