Overview
What is Kootenai Electric Trust Inc?
Kootenai Electric Trust Inc, situated in Rathdrum, ID, is a nonprofit organization that manages the Operation Round Up program in partnership with Kootenai Electric Cooperative. This program encourages participating consumers to round up their electric bills to the nearest dollar, with the excess funds contributing to grant awards. The trust adheres to specific by-laws and the guidance of its board of directors, focusing on providing assistance for essential needs such as food, shelter, clothing, medical care, and education. The trust's mission is to make a positive impact in its community by distributing these funds effectively.
Official website here: www.kec.com
Is Kootenai Electric Trust Inc legitimate?
Kootenai Electric Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kootenai Electric Trust Inc 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.
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Official website here: www.kec.com
What is the mission statement of Kootenai Electric Trust Inc?
The Kootenai Electric Trust administers a program known as Operation Round Up, which involves rounding up participating consumers' electric bills to the next highest dollar. The collected funds are then utilized to award grants. The trust prioritizes disbursing these funds towards addressing critical needs, such as food, shelter, clothing, medical care, and education, based on its by-laws and the decisions of its board of directors.
Official website here: www.kec.com
What is the revenue of Kootenai Electric Trust Inc?
Kootenai Electric Trust Inc's revenue in 2023 was $97,522.
Official website here: www.kec.com
Who are the executives of Kootenai Electric Trust Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.kec.com
Where can I find the form 990EZ for Kootenai Electric Trust Inc?
Kootenai Electric Trust Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.
Official website here: www.kec.com
Learn more at the official website: www.kec.com
Mission Statement of Kootenai Electric Trust Inc
Kootenai Electric Trust Inc, an organization associated with Kootenai Electric Cooperative, is dedicated to managing the Operation Round Up program. This program encourages participating consumers to round up their electric bills to the nearest whole dollar. The accumulated funds are then utilized to award grants, prioritizing critical needs such as food, shelter, clothing, medical care, and education. The trust's operations are guided by its by-laws and the decisions of its board of directors. The mission of Kootenai Electric Trust Inc is to make a positive impact in the community by providing financial assistance to those in need, thereby contributing to a more supportive and equitable society.
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Impact
October, 2024
Kootenai Electric Trust Inc significantly enhances the quality of life in the community through its Operation Round Up program. By rounding up participating consumers' electric bills to the next highest dollar, the Trust generates funds that are allocated to vital needs within the community. This holistic approach prioritizes essential services such as food, shelter, clothing, medical care, and education.
Through careful disbursement governed by its by-laws and board of directors, the Trust addresses pressing local challenges and supports various initiatives that uplift individuals and families in Rathdrum, ID, and surrounding areas. By focusing on humanitarian needs, Kootenai Electric Trust Inc not only provides financial assistance but also fosters a spirit of community involvement and solidarity, ensuring that residents have access to the resources necessary for a stable and healthy life.
This information is meant to be a general summary of Kootenai 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 2023.
- Gross Receipts: $97,522
Assets and Liabilities:
- Total Assets: $73,830
- Total Liabilities: $2,000
- Net Assets: $71,830
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Organization Details
Website
www.kec.comNTEE Category
Code: T20 - Philanthropy
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