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Runestone Electric Association Community Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 721541236 ✦ Alexandria, MN ✦ Designated as a 501(c)(3)

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Overview

What is Runestone Electric Association Community Trust?

The Runestone Electric Association Community Trust is a nonprofit organization that actively supports its local community by distributing funds to various groups. With a total of 147 grants worth $60,600, they have aided 124 community organizations within their service area. The grants primarily serve to enhance essential services and initiatives, such as equipping fire departments, stocking food shelves, fostering disability programs, encouraging youth activities, and promoting senior projects. By funding these nonprofit projects, the Runestone Electric Association Community Trust plays an integral role in enriching the lives of its community members.

Is Runestone Electric Association Community Trust legitimate?

Runestone Electric Association Community Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Runestone Electric Association Community Trust 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 Runestone Electric Association Community Trust?

The Runestone Electric Association Community Trust is an organization that focuses on supporting nonprofit projects within its service area. It achieves this by dispersing funds in the form of grants. These grants, amounting to a total of $60,600, have been allocated to 124 community groups. The purpose of these grants varies, encompassing essential needs such as fire department equipment, food supplies for shelters, disability programs, youth activities, and projects for the benefit of seniors. The organization's mission can be summarized as promoting community development and welfare through financial aid.

Who is the CEO of Runestone Electric Association Community Trust?

Jeff Gaffaney is the President of Runestone Electric Association Community Trust.

What is the revenue of Runestone Electric Association Community Trust?

Runestone Electric Association Community Trust's revenue in 2022 was $57,238.

Who are the executives of Runestone Electric Association Community Trust and what are their salaries?


Here are 7 key members and their salaries:


Jeff Gaffaney (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Wahlberg (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Janet Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lundy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Deborah Anderson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Betterman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Runestone Electric Association Community Trust?

Runestone Electric Association Community Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Runestone Electric Association Community Trust

Runestone Electric Association Community Trust is an organization that dedicates its resources towards supporting various community groups in its service area. Its mission is to disburse grants, totaling over $60,000, to a wide range of 124 nonprofit organizations. These grants serve diverse purposes, such as providing fire department equipment, stocking food shelves, funding disability programs, supporting youth activities, and aiding senior projects. In essence, the Runestone Electric Association Community Trust plays a significant role in funding and bolstering the initiatives of these nonprofit organizations, thereby contributing positively to its local community.

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Impact




August, 2024

Runestone Electric Association Community Trust's impact can be seen through its support of 124 community groups with 147 grants totaling $60,600. These grants have been instrumental in funding essential services and programs in the areas of fire department equipment, food shelves, disability programs, youth activities, and senior projects. As a result, the organization has made a significant difference in improving the lives of individuals in the community.




This information is meant to be a general summary of Runestone Electric Association Community 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.

Revenue
$57,238 (2022)
Expenses
$62,787 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $57,238

Assets and Liabilities:

  • Total Assets: $9,269
  • Total Liabilities: $0
  • Net Assets: $9,269

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Organization Details

Principal Officer

Jeff Gaffaney

Main Address

6839 Power Lane SW, Alexandria, MN, 56308

NTEE Category

Code: W80 - Public benefit

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