Overview
What is Berkeley Electric Cooperative Trust?
Berkeley Electric Cooperative Trust is a nonprofit organization situated in Moncks Corner, South Carolina. The main objective of this trust is to accumulate and distribute funds for charitable purposes within the service area of Berkeley Electric Cooperative (Berkeley ECI). Specifically, the trust disburses Operation Round-Up funds for various charitable purposes such as food, shelter, clothing, health needs, and education. By providing financial support to individuals and organizations in need, Berkeley Electric Cooperative Trust aims to positively impact the communities of Berkeley, Charleston, and Dorchester counties.
Official website here: www.berkeleyelectric.coop/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Berkeley Electric Cooperative Trust has achieved a commendable score of 88%, reflecting solid performance in accountability and finance. The organization boasts a fully independent board of directors, which is a significant strength, as it ensures unbiased governance. Furthermore, the Trust has demonstrated a strong commitment to proper financial oversight, with none of its assets materially diverted and a perfect score in its audit and oversight committee metrics.
However, there are some areas for improvement. The nonprofit currently lacks a whistleblower policy and a document retention and destruction policy, both of which are important for transparency and organizational integrity. Additionally, the Trust has not posted its tax form on its website, which could enhance transparency for stakeholders and the public. Despite these limitations, the Trust maintains a high program expense ratio, indicating that it effectively directs its resources towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Berkeley Electric Cooperative Trust legitimate?
Berkeley Electric Cooperative Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Berkeley Electric Cooperative 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $17,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.berkeleyelectric.coop/
What is the mission statement of Berkeley Electric Cooperative Trust?
The Berkeley Electric Cooperative Trust's mission is centered around distributing Operation Round-Up funds for charitable purposes. This is achieved by providing financial aid to individuals and organizations in need, focusing on areas such as food, shelter, clothing, health, and education. The purpose of the trust is to accumulate and subsequently dispense funds for charitable causes within its service area. The mission of the Berkeley Electric Cooperative Trust is to contribute to the betterment of its community by addressing essential needs and promoting overall well-being.
Official website here: www.berkeleyelectric.coop/
Who is the CEO of Berkeley Electric Cooperative Trust?
Alton Hood is the Chairman of Berkeley Electric Cooperative Trust.
Official website here: www.berkeleyelectric.coop/
What is the revenue of Berkeley Electric Cooperative Trust?
Berkeley Electric Cooperative Trust's revenue in 2022 was $601,597.
Official website here: www.berkeleyelectric.coop/
Who are the executives of Berkeley Electric Cooperative Trust and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $2,100
- Related: $0
- Other: $0
- Compensation: $1,925
- Related: $0
- Other: $0
- Compensation: $2,275
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $2,100
- Related: $0
- Other: $0
- Compensation: $2,100
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
- Compensation: $1,750
- Related: $0
- Other: $0
Official website here: www.berkeleyelectric.coop/
Where can I find the form 990 for Berkeley Electric Cooperative Trust?
Berkeley Electric Cooperative Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.berkeleyelectric.coop/
Learn more at the official website: www.berkeleyelectric.coop/
Mission Statement of Berkeley Electric Cooperative Trust
Berkeley Electric Cooperative Trust, a charitable organization, is dedicated to disbursing funds collected through Operation Round-Up for various benevolent purposes. The mission of this trust is to support individuals and organizations in need of food, shelter, clothing, health care, and education within its service area. The purpose of this nonprofit is to accumulate and then distribute these funds, aiming to make a positive impact on the community it serves. The trust works tirelessly to ensure that the resources it gathers are channeled towards worthy causes, ultimately contributing to the betterment of people's lives in various aspects.
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Impact
July, 2024
Berkeley Electric Cooperative Trust's impact is felt in the communities of Berkeley, Charleston, and Dorchester counties in South Carolina. By disbursing Operation Round-Up funds for charitable purposes, the Trust provides critical support to individuals and organizations in need. Through their focus on areas such as food, shelter, clothing, health needs, and education, the Trust plays a vital role in addressing key challenges faced by residents in the service area of Berkeley Electric Cooperative. This philanthropic effort helps to improve the quality of life for many individuals and contributes to the overall well-being of the community.
This information is meant to be a general summary of Berkeley Electric Cooperative 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: $48
- Gross Receipts: $601,597
Assets and Liabilities:
- Total Assets: $88,593
- Total Liabilities: $0
- Net Assets: $88,593
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Organization Details
Founding Year
1992
Phone
(843) 761-8200Principal Officer
Alton Hood
Main Address
PO BOX 1234, MONCKS CORNER, SC, 29461
Website
www.berkeleyelectric.coop/NTEE Category
Code: T30Z - Philanthropy
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