Overview
What is Lake Region Electric Cooperative Foundation Inc?
Lake Region Electric Cooperative Foundation Inc is a benevolent organization that derives its financial resources from the membership of Lake Region Electric Cooperative. The foundation's primary role is to allocate these funds for charitable causes, under the guidance of its board, within the geographical scope of Lake Region Electric Cooperative's service area. This philanthropic organization focuses on distributing charitable donations with a purpose to uplift and support the local community.
Is Lake Region Electric Cooperative Foundation Inc legitimate?
Lake Region Electric Cooperative Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Region Electric Cooperative Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lake Region Electric Cooperative Foundation Inc?
The Lake Region Electric Cooperative Foundation, a non-profit organization, is funded by the membership of Lake Region Electric Cooperative. The foundation's board has the discretion to allocate these funds for charitable purposes within the service area of Lake Region Electric Cooperative. Its primary activity is the distribution of these charitable donations to support various needs within the community. The foundation does not specify the exact causes or areas it focuses on, but it operates under the guidance of its board to make a positive impact in its operational region.
Who is the CEO of Lake Region Electric Cooperative Foundation Inc?
Jimmy Hall is the President of Lake Region Electric Cooperative Foundation Inc. The CEO's salary of Lake Region Electric Cooperative Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Lake Region Electric Cooperative Foundation Inc?
Lake Region Electric Cooperative Foundation Inc's revenue in 2022 was $85,500.
Who are the executives of Lake Region Electric Cooperative Foundation Inc and what are their salaries?
There 10 volunteers at Lake Region Electric Cooperative Foundation Inc.
Here are 11 key members and their salaries (Lake Region Electric Cooperative Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Lake Region Electric Cooperative Foundation Inc?
Lake Region Electric Cooperative Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lake Region Electric Cooperative Foundation Inc
The Lake Region Electric Cooperative Foundation is a non-profit organization that serves a significant role within its community. Funded by the membership of Lake Region Electric Cooperative, this organization uses these contributions to pursue charitable objectives. The Lake Region Electric Cooperative Foundation's board has the authority to determine the allocation of these funds, ensuring that they are utilized for the betterment of the region within the jurisdiction of Lake Region Electric Cooperative.
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Impact
October, 2024
Lake Region Electric Cooperative Foundation Inc significantly impacts its community through the distribution of charitable donations. By harnessing funds contributed by the members of Lake Region Electric Cooperative, the foundation plays a vital role in addressing local needs and enhancing the quality of life in Hulbert, Oklahoma, and surrounding areas.
The foundation’s philanthropic efforts are guided by a dedicated board that ensures the resources are allocated effectively and in alignment with community priorities. This approach allows the foundation to support various initiatives, ranging from educational programs to health and wellness projects, thereby fostering community development and improving overall welfare. Through its work, the foundation strengthens connections among residents and promotes a culture of giving, making a lasting difference in the lives of many.
This information is meant to be a general summary of Lake Region Electric Cooperative Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $200
- Gross Receipts: $85,500
Assets and Liabilities:
- Total Assets: $285,565
- Total Liabilities: $17,760
- Net Assets: $267,805
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Organization Details
Founding Year
2006
Principal Officer
Jimmy Hall
Main Address
516 S LAKE REGION RD, HULBERT, OK, 74441
NTEE Category
Code: T30 - Philanthropy
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