Overview
What is Stearns Electric Association Trust?
The Stearns Electric Association Trust is a benevolent organization, functioning as a charitable entity. Located in the service area of Stearns Cooperative Electric Association, their primary objective is to accumulate and allocate funds towards educational and charitable initiatives. The board of the trust meticulously reviews grant applications and subsequently distributes these funds to deserving charitable organizations, worthy causes, and individuals in need. Their mission is rooted in providing support and alleviating hardships within their community.
Official website here: www.stearnselectric.org
Is Stearns Electric Association Trust legitimate?
Stearns Electric Association Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stearns Electric Association 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: $2,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.stearnselectric.org
What is the mission statement of Stearns Electric Association Trust?
The Stearns Electric Association Trust serves as a charitable organization, its primary role being the collection and distribution of funds to support educational and charitable initiatives within its service area. The board responsible for this organization thoroughly examines grant applications and subsequently dispenses funds to deserving charities, worthy causes, and individuals in need. The mission of the Stearns Electric Association Trust is to contribute to the betterment of these communities by providing financial assistance to organizations and individuals in need, thereby promoting overall community development and well-being.
Official website here: www.stearnselectric.org
Who is the CEO of Stearns Electric Association Trust?
Matt O'Shea is the CEO of Stearns Electric Association Trust The CEO's salary of Stearns Electric Association Trust is $0 and their total compensation is $396,865.
Official website here: www.stearnselectric.org
What is the revenue of Stearns Electric Association Trust?
Stearns Electric Association Trust's revenue in 2024 was $202,713.
Official website here: www.stearnselectric.org
Who are the executives of Stearns Electric Association Trust and what are their salaries?
Here are 10 key members and their salaries (Stearns Electric Association Trust's CEO's salary is $0 and their total compensation is $396,865):
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $400
- Related: $0
- Other: $0
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $300
- Related: $0
- Other: $0
- Compensation: $0
- Related: $280,548
- Other: $116,317
Official website here: www.stearnselectric.org
Where can I find the form 990 for Stearns Electric Association Trust?
Stearns Electric Association Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.stearnselectric.org
Learn more at the official website: www.stearnselectric.org
Mission Statement of Stearns Electric Association Trust
The Stearns Electric Association Trust, functioning as a benevolent organization, gathers and dispenses funds to aid educational and charitable endeavors within the region served by Stearns Cooperative Electric Association. This philanthropic body reviews grant applications meticulously and distributes the funding to deserving charitable organizations, worthy causes, and individuals in need. The board of the trust plays a significant role in this process, ensuring that the collected funds are allocated effectively towards uplifting the community.
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Impact
October, 2024
Stearns Electric Association Trust significantly impacts the community by providing crucial financial support for educational and charitable initiatives. It collects and distributes funds aimed at addressing local needs, empowering individuals, and fostering development in the surrounding areas. The trust's dedicated board reviews grant applications, ensuring that resources are allocated effectively to charitable organizations and worthy causes, directly enhancing the quality of life for residents in the Melrose, MN region. Through its efforts, the trust plays a vital role in promoting philanthropy and supporting those in need, thereby strengthening community ties and building a brighter future for all.
This information is meant to be a general summary of Stearns Electric Association 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 2024.
- Investment Income: $459
- Gross Receipts: $202,713
Assets and Liabilities:
- Total Assets: $48,518
- Total Liabilities: $0
- Net Assets: $48,518
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Organization Details
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