Walton Electric Trust Inc
- Assets
- $5.0m
- Revenue
- $2.3m
- Investments
- $4.5m
- Employees
- 0
- Location
- Monroe, GA
- Founding
- 09/1998
- Data as of
- 06/2022
- EIN
- 58-2351746
Organization Overview
Walton Electric Trust Inc is located in Monroe, GA. The organization was established in 1998. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, 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. Walton 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 06/2022, Walton Electric Trust Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.7m during the year ending 06/2022. While expenses have increased by 20.4% 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 2020, Walton Electric Trust Inc has awarded 146 individual grants totaling $3,827,466. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF WALTON EMC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF WALTON EMC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn George Chairman | OfficerTrustee | $0 | |
William Feldkamp Vice Chairma | OfficerTrustee | $0 | |
David Foy Secretary | OfficerTrustee | $0 | |
Stephanie Higgins Treasurer | OfficerTrustee | $0 | |
Deedra Leach Director | Trustee | $0 | |
Nancy Abbott Director | Trustee | $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 | $2,172,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,172,587 |
| Total Program Service Revenue | $149,371 |
| Investment income | $15,105 |
| 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 | $2,337,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,029,098 |
| Grants and other assistance to domestic individuals. | $1,601,391 |
| 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 | $21,864 |
| 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 | $2,652,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,603 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,193 |
| Accounts receivable, net | $15,105 |
| 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 | $4,500,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,022,901 |
| 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 | $5,022,901 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $5,022,901 |
Grants Awarded
Over the last fiscal year, Walton Electric Trust Inc has awarded $1,029,098 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
OTHER CHARITABLE ORGANIZATIONS | | | $419,452 |
ATHA ROAD ELEMENTARY | | | $21,925 |
SOUTH GWINNETT HIGH SCHOOL | | | $21,583 |
MORGAN COUNTY HIGH SCHOOL | | | $15,250 |
Lawrenceville, GA | | $15,000 |
Monroe, GA | | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womans Missionary Union Foundation Birmingham, AL | $53,441,982 | $5,264,026 |
Walton Electric Trust Inc Monroe, GA | $5,022,901 | $2,337,063 |
The Empty Stocking Fund Inc Atlanta, GA | $3,409,829 | $2,169,289 |
Ferst Readers Inc Madison, GA | $2,420,121 | $2,368,538 |
Kramden Institute Inc Durham, NC | $4,737,614 | $3,356,768 |
Kid One Transport System Inc Birmingham, AL | $744,962 | $1,420,128 |
Margaret And Jack Tarver Family Foundation Orlando, FL | $14,491,968 | $1,093,258 |
A Soldiers Child Inc Murfreesboro, TN | $854,539 | $1,143,994 |
Lions Pride Foundation Inc Salisbury, NC | $2,186,624 | $85,831 |
Carolands Preservation Foundation Palm Beach, FL | $1,817,806 | $807,126 |
Edward D And Anna Mitchell Family Foundation A Delaware Corp Sarasota, FL | $5,062,154 | $357,034 |
Creating Connected Communities Atlanta, GA | $683,448 | $909,666 |