Overview
What is Mid-South Synergy Charitable Foundation Inc?
The Mid-South Synergy Charitable Foundation is a nonprofit organization that offers financial aid and support. Based on the provided information, this foundation primarily awards scholarships to members of Mid-South Electric Cooperative and aids low-income and needy individuals. In 2022, they allocated a total of $157,743, distributing $123,743 in grants to 10 local charities and food banks and disbursing 34 $1,000 college scholarships worth $34,000. This charitable foundation aims to contribute positively to its community by providing educational opportunities and supporting those in need.
Official website here: www.midsouthelectric.com
Is Mid-South Synergy Charitable Foundation Inc legitimate?
Mid-South Synergy Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-South Synergy Charitable Foundation Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.midsouthelectric.com
What is the mission statement of Mid-South Synergy Charitable Foundation Inc?
The Mid-South Synergy Charitable Foundation's mission involves providing financial aid and support. In particular, they award scholarships to members of Mid-South Electric Cooperative and offer assistance to low-income individuals and communities. In 2022, they distributed a total of $157,743, granting funds to 10 local charities and food banks and providing 34 $1,000 college scholarships. This foundation's activities aim to uplift and support those in need.
Official website here: www.midsouthelectric.com
What is the revenue of Mid-South Synergy Charitable Foundation Inc?
Mid-South Synergy Charitable Foundation Inc's revenue in 2023 was $636,274.
Official website here: www.midsouthelectric.com
Who are the executives of Mid-South Synergy Charitable Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $565,620
- Other: $130,125
- Compensation: $0
- Related: $310,216
- Other: $93,415
- Compensation: $0
- Related: $253,812
- Other: $79,285
- Compensation: $0
- Related: $40,568
- Other: $0
- Compensation: $0
- Related: $19,618
- Other: $0
- Compensation: $0
- Related: $25,768
- Other: $0
- Compensation: $0
- Related: $24,063
- Other: $0
- Compensation: $0
- Related: $14,322
- Other: $0
- Compensation: $0
- Related: $27,927
- Other: $0
- Compensation: $0
- Related: $11,149
- Other: $0
- Compensation: $0
- Related: $10,670
- Other: $0
Official website here: www.midsouthelectric.com
Where can I find the form 990 for Mid-South Synergy Charitable Foundation Inc?
Mid-South Synergy Charitable Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midsouthelectric.com
Learn more at the official website: www.midsouthelectric.com
Mission Statement of Mid-South Synergy Charitable Foundation Inc
Mid-South Synergy Charitable Foundation Inc is an organization dedicated to providing assistance to its members from Mid-South Electric Cooperative and aiding the less fortunate and needy individuals in the community. Its mission is twofold: it grants scholarships to deserving individuals seeking higher education, and it provides financial aid to local charities and food banks. In 2022 alone, the foundation allocated $157,743, with $123,743 going to support 10 charitable organizations and food banks, and $34,000 in scholarships to 34 college-bound students. This foundation plays a significant role in its community by supporting education and uplifting the less fortunate, thereby contributing positively to the lives of its members and the wider community.
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Impact
October, 2024
Mid-South Synergy Charitable Foundation Inc significantly enhances the lives of individuals and families in the community. In 2022, the foundation made a remarkable impact by granting a total of $157,743, which included $123,743 allocated to ten local charities and food banks. This support helps address immediate needs and sustains vital services for those facing financial hardships.
Additionally, the foundation prioritized education by awarding 34 college scholarships of $1,000 each, totaling $34,000. These scholarships provide opportunities for members of Mid-South Electric Cooperative to pursue higher education, fostering personal growth and economic advancement.
Through its initiatives, the foundation not only alleviates immediate struggles for the low-income and needy but also invests in the future of the community by empowering students to achieve their educational goals.
This information is meant to be a general summary of Mid-South Synergy Charitable 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 2023.
- Investment Income: $26,772
- Gross Receipts: $636,274
Assets and Liabilities:
- Total Assets: $266,626
- Total Liabilities: $2,189
- Net Assets: $264,437
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Organization Details
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