Fairfield Electric Trust Inc
- Assets
- $301.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blythewood, SC
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 57-0980907
Organization Overview
Fairfield Electric Trust Inc is located in Blythewood, SC. The organization was established in 1994. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fairfield Electric Trust 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 12/2022, Fairfield Electric Trust Inc generated $123.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $113.3k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF FAIRFIELD ECI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Floyd Bracey Trustee | 2 | $0 | |
Haskell Belton Trustee | 2 | $0 | |
Jim Stroman Trustee | 2 | $0 | |
H Paul Dove Jr Trustee | 2 | $0 | |
Loretta Kersey Trustee | 2 | $0 | |
John D Hancock Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,796 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $700 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $123,496 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,703 |
| Total expenses | $113,320 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $290,939 |
| Other assets | $0 |
| Total assets | $301,010 |
| Total liabilities | $0 |
| Net assets or fund balances | $301,010 |
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