Overview
What is Electric Shop Wire Fund?
The Electric Shop Wire Fund is a nonprofit organization, primarily focused on generating profits from scrap copper wire sourced from the Newark Owens Corning Plant. By removing the insulation and selling the copper as a raw material, the fund aims to maximize its earnings. Beyond its financial objectives, the Electric Shop Wire Fund is committed to community support and stewardship, as reflected in its charter. The organization funds various programs, such as conference and meeting expenses, floral arrangements, and supply purchases, amounting to $7,522.
Is Electric Shop Wire Fund legitimate?
Electric Shop Wire Fund is a legitimate nonprofit organization registered as a 501(c)(7) entity. Electric Shop Wire Fund submitted a form 990EZ, 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.
What is the mission statement of Electric Shop Wire Fund?
The Electric Shop Wire Fund's mission is centered around maximizing profits from scrap copper wire, primarily sourced from the Newark Owens Corning Plant. However, it goes beyond financial gains, as its charter also emphasizes community support and stewardship. The fund supports various programs, such as covering expenses for conferences, meetings, and providing necessary supplies, totaling $7,522. These activities reflect the Electric Shop Wire Fund's commitment to both financial success and community engagement.
Who is the CEO of Electric Shop Wire Fund?
Unavailable
What is the revenue of Electric Shop Wire Fund?
Electric Shop Wire Fund's revenue in 2022 was $53,645.
Who are the executives of Electric Shop Wire Fund and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Electric Shop Wire Fund?
Electric Shop Wire Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Electric Shop Wire Fund
The Electric Shop Wire Fund is a charitable organization with a dual mission. Its primary objective is to generate profits by stripping insulation off scrap copper wire sourced from the Newark Owens Corning Plant, selling the copper for profit. However, the fund's mission extends beyond financial gain, as it also places a strong emphasis on community support and stewardship. To achieve this, the Electric Shop Wire Fund funds various programs, including conference and meeting expenses, floral arrangements, and supply purchases, totalling $7,522. These initiatives serve to strengthen the community and demonstrate the fund's commitment to giving back to its local community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Electric Shop Wire Fund significantly impacts the local community and the environment by optimizing the profitability of scrap copper wire through effective insulation removal and subsequent sales. This process not only enhances the economic viability of the Newark Owens Corning Plant but also promotes sustainable practices by reducing waste and recycling materials.
Additionally, the fund's commitment to community support and stewardship manifests in various programs that cater to local needs, such as providing financial assistance for conferences and meetings, as well as contributing to community efforts through initiatives like flower donations and supply provisions. With total expenditures of $7,522, the fund actively reinforces community ties while simultaneously fostering a culture of engagement and collaboration among residents.
By integrating economic purpose with community-oriented goals, the Electric Shop Wire Fund exemplifies how a business-driven approach can yield significant benefits for both local economies and environmental sustainability.
This information is meant to be a general summary of Electric Shop Wire Fund. 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: $286
- Gross Receipts: $60,437
Assets and Liabilities:
- Total Assets: $145,805
- Total Liabilities: $0
- Net Assets: $145,805
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(740) 281-7728Main Address
385 JOHN STREET, NEWARK, OH, 43055
NTEE Category
Code: N50 - Recreation
If you are a representative of Electric Shop Wire Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.