Overview
What is Palmetto Electric Trust?
Palmetto Electric Trust is a nonprofit organization situated in Ridgeland, South Carolina. Its primary mission is to raise funds for charitable purposes within the service area of Palmetto Electric Cooperative, Inc. They accomplish this by rounding up electric bills to the nearest even dollar amount, with the collected funds then being distributed for charitable purposes within the same service area. This nonprofit initiative aims to support worthwhile community activities and contribute positively to the local community.
Is Palmetto Electric Trust legitimate?
Palmetto Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palmetto Electric Trust 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.
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What is the mission statement of Palmetto Electric Trust?
The Palmetto Electric Trust's mission is centered around charitable fundraising services. They achieve this by rounding up electric bills to the nearest even dollar amount, with the excess funds then being utilized for charitable purposes within their service area. The trust's primary objective is to provide financial assistance for charitable causes, contributing to the betterment of their community. By doing so, they aim to support various worthy community activities, thereby making a positive impact in the lives of those in need.
Who is the CEO of Palmetto Electric Trust?
Ernie Avant is the Chairman of Palmetto Electric Trust.
What is the revenue of Palmetto Electric Trust?
Palmetto Electric Trust's revenue in 2022 was $438,733.
Who are the executives of Palmetto Electric Trust and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Palmetto Electric Trust?
Palmetto Electric Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Palmetto Electric Trust
Palmetto Electric Trust, a charitable organization, is dedicated to raising funds for beneficial community activities. They accomplish this by rounding up electric bills to the nearest even dollar amount for customers of Palmetto Electric Cooperative, Inc. The collected funds are then disbursed for charitable purposes within the service area of Palmetto Electric Cooperative, Inc. The primary mission of Palmetto Electric Trust is to provide financial assistance for charitable purposes, using a unique and customer-friendly method. This approach allows individuals to contribute to their community without making an additional financial commitment, ultimately leading to meaningful change in the lives of those in need.
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Impact
October, 2024
Palmetto Electric Trust has made a significant impact in its community by facilitating financial assistance for a variety of charitable purposes. By implementing a unique program that rounds up electric bills to the next even dollar amount, it effectively harnesses small contributions from local residents, which collectively make a substantial difference.
These funds are then disbursed to support worthwhile community activities throughout the service area of Palmetto Electric Cooperative, Inc. This initiative not only encourages community engagement but also ensures that valuable resources are directed toward addressing local needs, including educational programs, health services, and vital support for families in crisis.
Through its work, Palmetto Electric Trust empowers residents to contribute to their community effortlessly, creating a culture of philanthropy that enhances the quality of life for everyone in the region. The Trust plays a vital role in strengthening community ties and addressing critical issues, proving that collective small actions can lead to significant positive change.
This information is meant to be a general summary of Palmetto 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: $648
- Gross Receipts: $438,733
Assets and Liabilities:
- Total Assets: $654,532
- Total Liabilities: $0
- Net Assets: $654,532
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Organization Details
Founding Year
1989
Phone
(843) 726-5551Principal Officer
Ernie Avant
Main Address
4063 GRAYS HWY, RIDGELAND, SC, 29936
NTEE Category
Code: T00 - Philanthropy
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