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Hilco Electric Trust

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

EIN: 756602612 ✦ Itasca, TX ✦ Designated as a 501(c)(3)

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Overview

What is Hilco Electric Trust?

Hilco Electric Trust is a charitable entity, established to support noble causes within the vicinity of Hilco Electric Cooperative, Inc. Their primary role is to collect and distribute funds for benevolent objectives. This nonprofit organization extends its assistance to around 37 various organizations in the same community, offering grants and contributions. By doing so, they contribute significantly to their locality, fostering a sense of community and social well-being.


Official website here: www.hilco.coop

Is Hilco Electric Trust legitimate?

Hilco Electric Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hilco Electric 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.


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.hilco.coop

What is the mission statement of Hilco Electric Trust?

The Hilco Electric Trust collects and distributes funds for charitable purposes within the same community as Hilco Electric Cooperative, Inc. They accomplish this by offering grants and contributions to approximately 37 various organizations. The primary goal of the trust is to support these charitable causes within its specified area. By doing so, the Hilco Electric Trust aims to positively impact the community and contribute to its overall well-being. The trust's actions help address various social, educational, and community development needs within the area.


Official website here: www.hilco.coop

What is the revenue of Hilco Electric Trust?

Hilco Electric Trust's revenue in 2023 was $62,091.


Official website here: www.hilco.coop

Who are the executives of Hilco Electric Trust and what are their salaries?

Here are 7 key members and their salaries:


Debbie Brooks (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Creech (Vice-Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gorden Pickett (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Faught (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Gamble 123 - 1023 (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Fuentes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Moore (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hilco.coop

Where can I find the form 990EZ for Hilco Electric Trust?

Hilco Electric Trust's most recent form 990EZ was submitted in 2023 and can be accessed here.


Official website here: www.hilco.coop

Learn more at the official website: www.hilco.coop

Mission Statement of Hilco Electric Trust

Hilco Electric Trust is a charitable organization that gathers and distributes funds to support various noble causes within the same community as Hilco Electric Cooperative, Inc. This trust takes an active role in philanthropy by offering grants and contributions to approximately 37 different organizations. By doing so, Hilco Electric Trust plays a significant role in uplifting the community it serves, contributing to its overall well-being and development.

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Impact




August, 2024

Hilco Electric Trust has a significant impact on its community by accumulating and disbursing funds to support charitable purposes within the service area of Hilco Electric Cooperative, Inc. They provide grants and contributions to approximately 37 different organizations in the same community. This support plays a vital role in enhancing human services and uplifting the lives of individuals within the community.




This information is meant to be a general summary of Hilco Electric 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
$62,091 (2023)
Expenses
$62,406 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $26
  • Gross Receipts: $62,091

Assets and Liabilities:

  • Total Assets: $11,377
  • Total Liabilities: $0
  • Net Assets: $11,377

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Organization Details

NTEE Category

Code: P20 - Human services

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