Overview
What is Tvec Charitable Foundation Inc?
Tvec Charitable Foundation Inc is a nonprofit organization based in Kaufman, Texas. With a mission to accumulate and disburse funds for charitable purposes, the foundation supports 125 not-for-profit organizations within the service territory of Trinity Valley Electric Cooperative, Inc. This area includes various counties, and the foundation adheres to the guidelines set by the 501(c)(3) classification. The primary objective of Tvec Charitable Foundation Inc is to contribute to the well-being of individuals, families, and groups within its region by providing financial assistance.
Official website here: www.tvec.net/charitable-foundation
Is Tvec Charitable Foundation Inc legitimate?
Tvec Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tvec Charitable Foundation Inc submitted a form 990, 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.tvec.net/charitable-foundation
What is the mission statement of Tvec Charitable Foundation Inc?
The Tvec Charitable Foundation Inc's mission is centered around accumulating and dispensing funds for charitable purposes. This mission is specifically focused on the counties within the service territory of Trinity Valley Electric Cooperative, Inc. The foundation implements this mission by providing grants to eligible not-for-profit organizations that benefit individuals, families, and groups within the same service territory, in accordance with 501(c)(3) guidelines.
Official website here: www.tvec.net/charitable-foundation
Who is the CEO of Tvec Charitable Foundation Inc?
Jeffrey Lane is the Chairman of Tvec Charitable Foundation Inc.
Official website here: www.tvec.net/charitable-foundation
What is the revenue of Tvec Charitable Foundation Inc?
Tvec Charitable Foundation Inc's revenue in 2022 was $427,219.
Official website here: www.tvec.net/charitable-foundation
Who are the executives of Tvec Charitable Foundation Inc and what are their salaries?
There 7 volunteers at Tvec Charitable Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $12,900
- Other: $0
- Compensation: $0
- Related: $12,750
- Other: $0
- Compensation: $0
- Related: $11,250
- Other: $0
- Compensation: $0
- Related: $10,450
- Other: $0
- Compensation: $0
- Related: $10,650
- Other: $0
- Compensation: $0
- Related: $6,900
- Other: $0
- Compensation: $0
- Related: $28,840
- Other: $0
- Compensation: $0
- Related: $13,895
- Other: $0
- Compensation: $0
- Related: $315,385
- Other: $231,236
Official website here: www.tvec.net/charitable-foundation
Where can I find the form 990 for Tvec Charitable Foundation Inc?
Tvec Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tvec.net/charitable-foundation
Learn more at the official website: www.tvec.net/charitable-foundation
Mission Statement of Tvec Charitable Foundation Inc
Tvec Charitable Foundation Inc is dedicated to accumulating and dispensing funds for charitable purposes within the counties that fall under the service territory of Trinity Valley Electric Cooperative, Inc. The foundation's mission is to contribute to the well-being of individuals, families, and groups in this region, adhering to the guidelines set by the 501 (c) (3) regulations. To accomplish this, Tvec Charitable Foundation Inc extends financial aid to a diverse range of 125 not-for-profit organizations, ensuring that philanthropic efforts reach a wide cross-section of the community.
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Impact
October, 2024
Tvec Charitable Foundation Inc plays a significant role in enhancing the quality of life for individuals, families, and groups within the service territory of Trinity Valley Electric Cooperative. By accumulating and disbursing funds, the foundation supports a wide range of charitable purposes, focusing on human services.
Through its strategic grant-making, Tvec has provided financial assistance to 125 nonprofit organizations, ensuring that essential resources and support reach those in need. This impact is particularly vital in underserved communities, where the foundation's contributions help address various challenges and opportunities for growth. By fostering collaboration among local nonprofits, Tvec Charitable Foundation Inc strengthens the social fabric of the community, empowering residents to thrive and create positive change in their lives and surroundings.
This information is meant to be a general summary of Tvec 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 2022.
- Gross Receipts: $427,219
Assets and Liabilities:
- Total Assets: $149,690
- Total Liabilities: $0
- Net Assets: $149,690
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Organization Details
Founding Year
2012
Phone
(972) 932-2214Principal Officer
Jeffrey Lane
Main Address
PO BOX 888, KAUFMAN, TX, 75142
NTEE Category
Code: P80 - Human services
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