Farmers Electric Charitablefoundation
- Assets
- $213.6k
- Revenue
- $328.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, TX
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 26-0749479
Organization Overview
Farmers Electric Charitablefoundation is located in Greenville, TX. The organization was established in 2007. 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. Farmers Electric Charitablefoundation 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, Farmers Electric Charitablefoundation generated $328.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $341.3k during the year ending 12/2021. While expenses have increased by 1.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Farmers Electric Charitablefoundation has awarded 76 individual grants totaling $994,314. 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
THE ACCUMULATION OF AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF FARMERS ELECTRIC COOPERATIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021 THE FOUNDATION DONATED $242,500 TO OVER 24 DIFFERENT CHARITABLE ORGANIZATIONS AND 45 VOLUNTEER FIRE DEPARTMENTS LOCATED IN THE COOPERATIVE'S SERVICE AREA. FINALLY, DURING 2021 THE FOUNDATION DONATED OVER $98,818 TO NEEDY INDIVIDUALS TO HELP WITH THEIR UTILITY BILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tommy Pulliam Vice President | OfficerTrustee | 1 | $0 |
Bill Samuels President | OfficerTrustee | 1 | $0 |
Bob Middleton Jr Treasurer/secretary | OfficerTrustee | 1 | $0 |
Mark Stubbs Executive Director | Officer | 1 | $0 |
Marvin Fuller Director | Trustee | 1 | $0 |
Martin Allain 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 | $327,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $327,597 |
| Total Program Service Revenue | $0 |
| Investment income | $597 |
| 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 | $328,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,500 |
| Grants and other assistance to domestic individuals. | $98,818 |
| 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 | $0 |
| 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 | $341,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $213,556 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $213,556 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $213,556 |
| Total liabilities and net assets/fund balances | $213,556 |
Grants Awarded
Over the last fiscal year, Farmers Electric Charitablefoundation has awarded $128,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Wylie, TX PURPOSE: TO ASSIST THE NEEDY. | $32,500 |
Greenville, TX PURPOSE: TO PROVIDE FINANCIAL SUPPORT FOR INDIGENT PEOPLE IN THE NORTHEAST TEXAS AREA. | $25,000 |
Quinlan, TX PURPOSE: ASSISTANCE FOR THE NEEDY. | $25,000 |
Sulphur Springs, TX PURPOSE: TO ASSIST THE NEEDY. | $15,000 |
MEALS ON WHEELS ROCKWALL COUNTY PURPOSE: TO SUPPORT THE DELIVERY OF MEALS TO THE ELDERLY AND AFFIRMED. | $12,500 |
Wylie, TX PURPOSE: FOOD DISTRIBUTION TO INCOME QUALIFYING INDIVIDUALS IN COLLIN AND ROCKWELL COUNTIES TEXAS. | $9,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |