Overview
What is Demco Foundation Inc?
Demco Foundation Inc, based in Baton Rouge, Louisiana, is a charitable organization dedicated to supporting underprivileged individuals and families in the seven parishes served by Dixie Electric Membership Corporation. Through their Operation Roundup program, customers can choose to round up their electricity bills, with the excess amount contributing to the foundation's funds. In 2022, the Demco Foundation provided essential aid, such as clothing, shelter, and other necessities, to 75 individuals. Moreover, they awarded scholarships to 60 students. The mission of Demco Foundation Inc is to enhance the lives of those in need within their service area.
Official website here: www.demco.org/community/demco-foundation
Is Demco Foundation Inc legitimate?
Demco Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Demco Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.demco.org/community/demco-foundation
What is the mission statement of Demco Foundation Inc?
The Demco Foundation Inc's mission is focused on assisting needy individuals residing in the seven parishes served by Dixie Electric Membership Corporation. Specifically, the foundation aims to provide support in various forms such as clothing, shelter, scholarships, and miscellaneous needs. This is achieved through the operation of a program called Operation Roundup, where customers of Dixie Electric Membership Corporation elect to round up their electricity bill to the nearest dollar, with the difference being remitted to the foundation for distributing aid to eligible individuals. In 2022, the foundation made contributions to 75 needy individuals for basic necessities and awarded scholarships to 60 students.
Official website here: www.demco.org/community/demco-foundation
Who is the CEO of Demco Foundation Inc?
Dennis Lott is the President of Demco Foundation Inc.
Official website here: www.demco.org/community/demco-foundation
What is the revenue of Demco Foundation Inc?
Demco Foundation Inc's revenue in 2022 was $371,919.
Official website here: www.demco.org/community/demco-foundation
Who are the executives of Demco Foundation Inc and what are their salaries?
There 3 volunteers at Demco Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $16,426
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $39,240
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.demco.org/community/demco-foundation
Where can I find the form 990 for Demco Foundation Inc?
Demco Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.demco.org/community/demco-foundation
Learn more at the official website: www.demco.org/community/demco-foundation
Mission Statement of Demco Foundation Inc
Demco Foundation Inc, a charitable organization, is dedicated to assisting needy individuals residing in the seven parishes served by Dixie Electric Membership Corporation. Its mission is to provide aid to these individuals, encompassing areas such as clothing, shelter, scholarships, and various other essential needs. This is accomplished through the implementation of the Demco Foundation's Operation Roundup program, which allows customers of Dixie Electric Membership Corporation to round up their electricity bills to the nearest dollar, with the resulting difference contributing to the foundation's funding for those eligible for assistance. In 2022, Demco Foundation Inc made contributions to 75 disadvantaged individuals, providing them with essential items like clothing and shelter, as well as offering scholarships to 60 deserving students.
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Impact
October, 2024
Demco Foundation Inc has made a significant impact by providing essential support to needy individuals and families in the seven parishes served by Dixie Electric Membership Corporation. By assisting with vital resources such as clothing, shelter, and scholarships, the foundation addresses critical needs within the community.
Through its Operation Roundup program, the foundation has effectively mobilized community support, allowing customers to contribute by rounding up their electricity bills. This initiative not only raises funds for those in need but also fosters a sense of solidarity among community members.
In 2022, the foundation successfully assisted 75 individuals with basic needs, ensuring that many were able to find clothing and shelter during difficult times. Additionally, it provided scholarships to 60 students, empowering them to pursue their education and better their futures. This commitment to uplifting the community significantly enhances the quality of life for many, making a lasting difference in the lives of those it serves in Ascension, East Baton Rouge, East Feliciana, Livingston, St. Helena, Tangipahoa, and West Feliciana parishes.
This information is meant to be a general summary of Demco Foundation 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: $546
- Gross Receipts: $371,919
Assets and Liabilities:
- Total Assets: $290,368
- Total Liabilities: $0
- Net Assets: $290,368
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Organization Details
Founding Year
1997
Phone
(225) 262-2141Principal Officer
Dennis Lott
Main Address
PO BOX 15659, BATON ROUGE, LA, 70895
NTEE Category
Code: T30 - Philanthropy
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