Overview
What is Taylor Electric Trust?
Taylor Electric Trust is a charitable organization situated in Merkel, TX, serving the area of Taylor Electric Cooperative, Inc. Established through an Operation Round Up Program, the Trust collects funds by rounding up utility bills to the nearest whole dollar. These collected funds are then distributed to support local volunteer fire departments and assist needy individuals within the Taylor Electric service area. The organization receives funding from the cooperative and disburses it for charitable purposes, guided by the decisions of its board of directors. The Taylor Electric Trust's mission focuses on contributing to the welfare and betterment of the community in various ways.
Official website here: www.taylorelectric.com/community/operation-round-up/
Is Taylor Electric Trust legitimate?
Taylor Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Taylor Electric Trust 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.
Official website here: www.taylorelectric.com/community/operation-round-up/
What is the mission statement of Taylor Electric Trust?
The Taylor Electric Trust is dedicated to collecting and distributing funds for charitable purposes within the service area of Taylor Electric Cooperative, Inc. This is accomplished through an Operation Round Up Program, where utility bill payments are rounded up to the nearest whole dollar. The collected funds are then utilized to support local volunteer fire departments and aid needy individuals within the same service area. The organization receives financial support from Taylor Electric cooperative and distributes the funds for charitable purposes based on the board of directors' discretion.
Official website here: www.taylorelectric.com/community/operation-round-up/
Who is the CEO of Taylor Electric Trust?
Cecil Davis is the Board Chairman of Taylor Electric Trust.
Official website here: www.taylorelectric.com/community/operation-round-up/
What is the revenue of Taylor Electric Trust?
Taylor Electric Trust's revenue in 2022 was $79,784.
Official website here: www.taylorelectric.com/community/operation-round-up/
Who are the executives of Taylor Electric Trust and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.taylorelectric.com/community/operation-round-up/
Where can I find the form 990EZ for Taylor Electric Trust?
Taylor Electric Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.taylorelectric.com/community/operation-round-up/
Learn more at the official website: www.taylorelectric.com/community/operation-round-up/
Mission Statement of Taylor Electric Trust
The Taylor Electric Trust is an organization dedicated to accumulating and dispersing funds for charitable purposes within the service area of Taylor Electric Cooperative, Inc. They achieve this through an Operation Round Up Program, where members round up their utility bill to the nearest whole dollar. The collected funds are then utilized to support various charitable causes, including volunteer fire departments and needy individuals. The Taylor Electric Trust relies on contributions from Taylor Electric Cooperative and distributes the funds as deemed appropriate by their board of directors, aiming to make a positive impact in their community.
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Impact
August, 2024
Taylor Electric Trust's impact is significant in supporting public safety and assisting those in need within the service area of Taylor Electric Cooperative, Inc. Through its Operation Round Up Program, members have the opportunity to contribute to the community by rounding up their utility bills to the next whole dollar. These funds are then used to support volunteer fire departments and provide assistance to needy individuals in the Taylor Electric service area. By accumulating and disbursing funds for charitable purposes as determined by its board of directors, Taylor Electric Trust plays a crucial role in enhancing public safety and supporting the well-being of the community it serves.
This information is meant to be a general summary of Taylor Electric Trust. 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: $107
- Gross Receipts: $79,784
Assets and Liabilities:
- Total Assets: $234,185
- Total Liabilities: $0
- Net Assets: $234,185
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Organization Details
Phone
(325) 793-8500Principal Officer
Cecil Davis
Main Address
PO BOX 250, MERKEL, TX, 79536
NTEE Category
Code: M12 - Public safety
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