Overview
What is First Electric Trust?
The First Electric Trust is a philanthropic entity that offers financial support to non-profit organizations, agencies, and individuals within its 18-county service territory. Their primary focus areas include providing resources for food, shelter, clothing, healthcare, equipment, community improvement projects, education, and addressing special needs. The Trust also extends aid during times of disaster, as evident from its $1,500 donation to the Florida Electric Cooperatives Association Inc. in Tallahassee, FL, during an undisclosed disaster. In total, the First Electric Trust has disbursed a significant amount of $118,550 in charitable contributions.
Official website here: www.firstelectric.coop
Is First Electric Trust legitimate?
First Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. First 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.
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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Official website here: www.firstelectric.coop
What is the mission statement of First Electric Trust?
The First Electric Trust's mission was centered around providing financial assistance to non-profit organizations, agencies, and individuals with various needs. These needs included food, shelter, clothing, healthcare, equipment, and community improvement projects, among others. The trust also offered grants for disaster relief, as evident from their $1,500 contribution to Florida Electric Cooperatives Association Inc. Their total charitable contributions amounted to $118,550. In essence, the First Electric Trust aimed to alleviate hardships and support the community in multiple ways.
Official website here: www.firstelectric.coop
What is the revenue of First Electric Trust?
First Electric Trust's revenue in 2023 was $135,755.
Official website here: www.firstelectric.coop
Who are the executives of First Electric Trust and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,050
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.firstelectric.coop
Where can I find the form 990EZ for First Electric Trust?
First Electric Trust's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.firstelectric.coop
Learn more at the official website: www.firstelectric.coop
Mission Statement of First Electric Trust
First Electric Trust, as a funding organization, supports various non-profit organizations and individuals in several sectors, including food, shelter, clothing, healthcare, community improvement projects, education, and addressing special needs. The trust provides grants to aid in these areas, distributing a substantial amount of $118,550. Additionally, the First Electric Trust offers financial assistance for disaster relief, as demonstrated by their donation of $1,500 to the Florida Electric Cooperatives Association Inc. in Tallahassee, Florida. The trust's mission is to invest in the betterment of communities, addressing essential needs and fostering growth in the areas it serves.
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Impact
October, 2024
First Electric Trust significantly impacts communities by providing essential funding for various charitable initiatives across an 18-county service area. The organization supports non-profit agencies and individuals, addressing key needs such as food, shelter, clothing, health care, and education. By investing in community improvement projects and special needs items, First Electric Trust enhances the well-being of residents.
In times of crisis, the Trust serves as a crucial lifeline. For instance, it provided $1,500 to the Florida Electric Cooperatives Association for disaster relief efforts, reflecting its commitment to aiding those in urgent situations. Overall, with a total funding amount of $118,550, First Electric Trust plays a vital role in fostering resilience and promoting a better quality of life within the communities it serves.
This information is meant to be a general summary of First 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 2023.
- Gross Receipts: $135,755
Assets and Liabilities:
- Total Assets: $33,424
- Total Liabilities: $0
- Net Assets: $33,424
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Organization Details
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