Carroll Electric Membership Foundat Ion Inc
- Assets
- $293.8k
- Revenue
- $356.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Carrollton, GA
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 75-3001604
Organization Overview
Carroll Electric Membership Foundat Ion Inc is located in Carrollton, GA. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community 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. Carroll Electric Membership Foundat Ion 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, Carroll Electric Membership Foundat Ion Inc generated $356.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $343.0k during the year ending 12/2022. While expenses have increased by 7.2% 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.
Since 2018, Carroll Electric Membership Foundat Ion Inc has awarded 25 individual grants totaling $549,242. 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 FOUNDATION IS TO PROVIDE ASSISTANCE TO AREA ORGANIZATIONS AND PROJECTS WHOSE PRIMARY PURPOSE IS AN IMPROVEMENT IN THE QUALITY OF LIFE FOR RESIDENTS IN COMMUNITIES LOCATED WITHIN THE CARROLL ELECTRIC MEMBERSHIP COOPERATIVE SERVICE TERRITORY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ASSISTANCE TO AREA ORGANIZATIONS AND PROJECTS WHOSE PRIMARY PURPOSE IS AN IMPROVEMENT IN THE QUALITY OF LIFE FOR RESIDENTS IN COMMUNITIES LOCATED WITHIN THE CARROLL ELECTRIC MEMBERSHIP COOPERATIVE SERVICE TERRITORY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Curtis Vice Chairma | OfficerTrustee | 2 | $0 |
Carolyn Bentley Sec/treasure | OfficerTrustee | 2 | $0 |
Trudy Sowar Chairman | OfficerTrustee | 2 | $0 |
Judith Miller Director | Trustee | 2 | $0 |
Luauna Cummings Director | Trustee | 2 | $0 |
Richard Lovvorn Director | Trustee | 2 | $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 | $356,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $356,836 |
| Total Program Service Revenue | $0 |
| Investment income | $90 |
| 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 | $356,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $335,992 |
| Grants and other assistance to domestic individuals. | $7,000 |
| 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 | $342,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,293 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,495 |
| 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 | $293,788 |
| 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 | $293,788 |
| 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 | $293,788 |
Grants Awarded
Over the last fiscal year, Carroll Electric Membership Foundat Ion Inc has awarded $57,778 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Temple, GA PURPOSE: COMMUNITY ASSISTANCE | $7,667 |
SHARP CREEK ELEMENTARY SCHOOL PURPOSE: COMMUNITY ASSISTANCE | $6,912 |
Carrollton, GA PURPOSE: COMMUNITY ASSISTANCE | $6,867 |
Carrollton, GA PURPOSE: COMMUNITY ASSISTANCE | $6,597 |
FRANKLIN POLICE DEPARTMENT PURPOSE: COMMUNITY ASSISTANCE | $6,334 |
Atlanta, GA PURPOSE: COMMUNITY ASSISTANCE | $6,292 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Carroll Electric Membership Foundat Ion Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
Community Foundation Of Sarasota County Inc Sarasota, FL | $386,793,850 | $71,031,554 |
Gulf Coast Community Foundation Inc Venice, FL | $411,069,499 | $79,396,677 |
The Community Foundation For Northeast Florida Inc Jacksonville, FL | $630,367,087 | $110,893,672 |
Givewell Community Foundation Inc Lakeland, FL | $419,262,531 | $231,457,010 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Community Foundation Of Collier County Naples, FL | $218,053,316 | $48,461,607 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Coastal Community Foundation Of South Carolina Inc N Charleston, SC | $293,333,431 | $80,143,972 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |