Overview
What is Aec Foundation?
The AEC Foundation, established in Cherokee, Oklahoma, is a charitable organization affiliated with Alfalfa Electric Cooperative, Inc. It aids in distributing funds for noble causes within its designated service area. Over the years, the foundation has extended its support to 50 nonprofit organizations and has also assisted 13 individuals in need, demonstrating its commitment to community welfare. The AEC Foundation operates as a resourceful entity, providing essential financial aid to various charitable initiatives within its jurisdiction.
Is Aec Foundation legitimate?
Aec Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aec Foundation submitted a form 990EZ, 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.
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What is the mission statement of Aec Foundation?
The AEC Foundation, dedicated to charitable work, disburses funds within the service area of Alfalfa Electric Cooperative, Inc. It has supported 50 nonprofit organizations and extended aid to 13 individuals in need. The organization's mission focuses on distributing funds for noble causes. While the provided information does not detail an explicit mission statement, it can be inferred that the AEC Foundation aims to contribute to the betterment of its community through philanthropic activities.
What is the revenue of Aec Foundation?
Aec Foundation's revenue in 2023 was $39,248.
Who are the executives of Aec Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990EZ for Aec Foundation?
Aec Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Aec Foundation
The AEC Foundation is dedicated to dispersing funds for charitable purposes within the scope of Alfalfa Electric Cooperative, Inc. This philanthropic organization has demonstrated its commitment by granting financial aid to 50 nonprofit organizations and extending assistance to 13 individuals in need. By providing these resources, the AEC Foundation plays a significant role in supporting various charitable causes within its operational area. The foundation's mission is to contribute to the betterment of communities by allocating funds to eligible nonprofit organizations and individuals in need, thereby fostering a sense of community and promoting social welfare.
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Impact
August, 2024
Aec Foundation's impact can be seen in the 50 nonprofit organizations that have received grants and the 13 individuals who have been helped within the service area of Alfalfa Electric Cooperative, Inc. Their charitable contributions have made a meaningful difference in the lives of those in need in Cherokee, OK.
This information is meant to be a general summary of Aec Foundation. 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 2023.
- Investment Income: $1,157
- Gross Receipts: $39,248
Assets and Liabilities:
- Total Assets: $48,235
- Total Liabilities: $0
- Net Assets: $48,235
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Organization Details
Principal Officer
Terry Pederson
NTEE Category
Code: T31 - Philanthropy
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