Overview
What is Walton Electric Trust Inc?
Walton Electric Trust Inc is a charitable organization based in Monroe, Georgia. The primary objective of this nonprofit is to collect and distribute funds for benevolent purposes within the service area of Walton Electric Membership Corporation (Walton EMC). The trust aims to contribute to various charitable causes, working towards bettering the community it serves. The trust's activities are focused on fulfilling its mission to accumulate and disburse funds for charitable purposes within Walton EMC's operational region.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Walton Electric Trust Inc. has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. This high score is derived entirely from its Accountability & Finance score of 96%, indicating that the organization maintains a solid financial foundation and adheres to best practices in governance.
The organization boasts an entirely independent board, which is a positive indicator of its commitment to ethical oversight. With no material diversion of assets noted and comprehensive policies in place for conflicts of interest and whistleblower protections, Walton Electric Trust Inc. demonstrates a robust framework for transparency and accountability. Additionally, the financial health of the nonprofit is underscored by an impressive program expense ratio of 99.25%, signifying that the majority of its resources are directed towards its mission.
While the organization exhibits strong financial practices and governance, the summary does not provide information on specific programs or the impact of its services, which could offer further insights into its effectiveness in fulfilling its mission. Overall, Walton Electric Trust Inc. stands out as a fiscally responsible and well-governed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Walton Electric Trust Inc legitimate?
Walton Electric Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walton Electric Trust 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.
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What is the mission statement of Walton Electric Trust Inc?
Walton Electric Trust Inc's mission is centered around accumulating and distributing funds for charitable purposes within its operational area. The primary objective of the trust is to contribute to various charitable causes, demonstrating a commitment to giving back to the community. By disbursing funds for charitable purposes, the trust aims to make a positive impact in the lives of those in need, thereby promoting social welfare and community development. The trust's activities are focused on serving the areas associated with Walton EMC, ensuring that its charitable contributions are directed towards the local community.
Who is the CEO of Walton Electric Trust Inc?
Glenn George is the Chairman of Walton Electric Trust Inc.
What is the revenue of Walton Electric Trust Inc?
Walton Electric Trust Inc's revenue in 2022 was $2,337,063.
Who are the executives of Walton Electric Trust Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Walton Electric Trust Inc?
Walton Electric Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walton Electric Trust Inc
Walton Electric Trust Inc, a charitable organization, is dedicated to accumulating and dispensing funds for benevolent purposes within its service area. The mission of this nonprofit is centered around utilizing its resources to contribute to worthy causes, thereby making a positive impact in the communities it serves. By pursuing charitable objectives, Walton Electric Trust Inc aims to promote a sense of community and wellbeing, thereby enriching the lives of those in need.
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Impact
July, 2024
Walton Electric Trust Inc has a significant impact in the service area of Walton EMC by accumulating and disbursing funds for charitable purposes. This organization plays a vital role in supporting various human services initiatives and projects that benefit the community in Monroe, GA. Through its mission of funding charitable causes, Walton Electric Trust Inc contributes towards improving the quality of life for individuals and families in need within its service area.
This information is meant to be a general summary of Walton Electric Trust 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.
- Investment Income: $15,105
- Program Service Revenue: $149,371
- Gross Receipts: $2,337,063
Assets and Liabilities:
- Total Assets: $5,022,901
- Total Liabilities: $0
- Net Assets: $5,022,901
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND-RAISING REVENUE
Revenue
$149,371
Organization Details
Founding Year
1997
Phone
(770) 267-2505Principal Officer
Glenn George
Main Address
PO BOX 260, MONROE, GA, 306550260
NTEE Category
Code: P58 - Human services
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