Overview
What is Snapping Shoals Electric Trust?
Snapping Shoals Electric Trust is a nonprofit organization located in Covington, Georgia, specifically at 14750 Brown Bridge Road. Its primary mission is to collect and distribute funds for charitable causes within the service area of Snapping Shoals Electric Membership Corporation. The trust's activities are centered around accumulating and distributing these funds to support various charitable initiatives, ultimately contributing to the betterment of the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Snapping Shoals Electric Trust has earned an 87% rating, indicating a solid performance in the realm of nonprofit accountability and finance. The charity's score is derived entirely from its Accountability & Finance metrics, showcasing a strong commitment to responsible financial management. Notably, the organization boasts a fully independent board and has achieved a perfect score in several key areas, including material diversion of assets and the ratio of program expenses.
The charity's strengths lie in its governance and transparency practices. With 100% independent board members and well-maintained policies for conflict of interest and document retention, Snapping Shoals Electric Trust demonstrates a robust framework for ethical operations. The absence of liabilities against its assets and a complete allocation of expenses towards programs further reflects its effective financial stewardship.
While the rating is commendable, the lack of a broader performance evaluation may limit the understanding of the charity's overall impact. The score primarily reflects financial accountability without assessing program effectiveness or community outcomes, which are essential for a comprehensive evaluation of nonprofit performance.
This AI summary has been generated from information found on Charity Navigator.
Is Snapping Shoals Electric Trust legitimate?
Snapping Shoals Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Snapping Shoals 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 Snapping Shoals Electric Trust?
The Snapping Shoals Electric Trust's mission is centered around accumulating and distributing funds for charitable purposes within its operational area. This organization serves the community associated with Snapping Shoals Electric Membership Corporation. By fulfilling this mission, it aims to contribute to various charitable causes within its jurisdiction. The trust's activities primarily revolve around gathering and distributing resources for charitable endeavors, thereby positively impacting the community it serves.
Who is the CEO of Snapping Shoals Electric Trust?
Tommy Moseley is the Chairman of Snapping Shoals Electric Trust.
What is the revenue of Snapping Shoals Electric Trust?
Snapping Shoals Electric Trust's revenue in 2022 was $484,978.
Who are the executives of Snapping Shoals Electric Trust and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Snapping Shoals Electric Trust?
Snapping Shoals Electric Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Snapping Shoals Electric Trust
Snapping Shoals Electric Trust is a nonprofit organization with a mission to accumulate and distribute funds for charitable purposes within its service area, which is associated with Snapping Shoals Electric Membership Corporation. The trust's primary aim is to contribute to the betterment of the community by utilizing financial resources for noble causes. This nonprofit operates with a vision to make a positive impact on the lives of the people it serves.
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Impact
July, 2024
Snapping Shoals Electric Trust's impact lies in its mission to accumulate and distribute funds for charitable purposes within the service area of Snapping Shoals Electric Membership Corporation. This includes initiatives related to housing assistance, community development, and other areas of need in Covington, Georgia, and the surrounding areas. Through its activities, Snapping Shoals Electric Trust works to provide vital support and resources to enhance the well-being of individuals and families in the community.
This information is meant to be a general summary of Snapping Shoals 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.
- Gross Receipts: $484,978
Assets and Liabilities:
- Total Assets: $153,654
- Total Liabilities: $0
- Net Assets: $153,654
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Organization Details
Founding Year
1993
Phone
(770) 786-3484Principal Officer
Tommy Moseley
Main Address
14750 BROWN BRIDGE ROAD, COVINGTON, GA, 30015
NTEE Category
Code: L120 - Housing
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