Horry Electric Trust
- Assets
- $160.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Conway, SC
- Founding
- 07/1994
- Data as of
- 12/2021
- EIN
- 57-6148364
Organization Overview
Horry Electric Trust is located in Conway, SC. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Horry Electric Trust 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, Horry Electric Trust generated $124.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $109.0k during the year ending 12/2021. While expenses have increased by 8.4% per year over the past 6 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
2021
Describe the Organization's Program Activity:
Part 3
HORRY ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES IN NEED OF SUCH ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Willoughby Vice Preside | 2 | $0 | |
Daphine Hickman President | 2 | $0 | |
Bernice Hammond Trustee | 2 | $0 | |
Rhonda Hyman Trustee | 2 | $0 | |
Ramona Baskin Sec/treas | 2 | $0 | |
Janet Elliott Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,484 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $76 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,560 |
| 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 | $3,939 |
| Total expenses | $108,998 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $153,697 |
| Other assets | $0 |
| Total assets | $160,790 |
| Total liabilities | $0 |
| Net assets or fund balances | $160,790 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Horry Electric Trust has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Justgive Inc Weston, CT PURPOSE: General Support | $5,000 |
Peer Organizations
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|---|---|---|
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |