Overview
What is Macon Electric Foundation?
The Macon Electric Foundation is a charitable organization associated with Macon Electric Cooperative. Its primary function involves distributing funds to serve beneficial purposes within its service area. This includes offering scholarships to deserving graduating seniors from local high schools, with two separate programs providing 8 and 5 scholarships worth $500 each. The foundation plays a crucial role in supporting the community by investing in education and nurturing local talent.
Official website here: www.maconelectric.com
Is Macon Electric Foundation legitimate?
Macon Electric Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macon Electric Foundation 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.maconelectric.com
What is the mission statement of Macon Electric Foundation?
The Macon Electric Foundation's mission involves the disbursement of funds for charitable purposes, primarily focusing on scholarships. This is done within the service territory of Macon Electric Cooperative. Specifically, the foundation offers eight $500 scholarships to graduating seniors from local high schools, as well as five additional scholarships of the same amount. These scholarships aim to support the education of young individuals, contributing to their future endeavors.
Official website here: www.maconelectric.com
What is the revenue of Macon Electric Foundation?
Macon Electric Foundation's revenue in 2024 was $28,229.
Official website here: www.maconelectric.com
Who are the executives of Macon Electric Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.maconelectric.com
Where can I find the form 990EZ for Macon Electric Foundation?
Macon Electric Foundation's most recent form 990EZ was submitted in 2024 and can be accessed here.
Official website here: www.maconelectric.com
Learn more at the official website: www.maconelectric.com
Mission Statement of Macon Electric Foundation
The Macon Electric Foundation is an entity dedicated to disbursing funds for charitable purposes within its jurisdiction, which is aligned with Macon Electric Cooperative's service area. One of its primary initiatives is the Macon Electric Scholarship Program, a financial aid scheme aimed at benefiting graduating seniors from local high schools. The program offers eight scholarships of $500 each, and in addition, five scholarships of the same value are also awarded to deserving students from the same high schools. By providing these scholarships, the Macon Electric Foundation is instrumental in supporting the education of young people within its sphere of influence.
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Impact
August, 2024
Macon Electric Foundation's impact can be seen in the support it provides to the community within the service territory of Macon Electric Cooperative. Through the disbursement of funds for charitable purposes, including scholarships, the foundation contributes to the educational advancement of local students. Specifically, Macon Electric Foundation offers multiple $500 scholarships to graduating seniors of local high schools, helping them pursue their academic goals and aspirations. This direct support has a meaningful impact on the lives of these students and their families, fostering a culture of learning and opportunity within the community.
This information is meant to be a general summary of Macon Electric Foundation. 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 2024.
- Gross Receipts: $28,229
Assets and Liabilities:
- Total Assets: $53,664
- Total Liabilities: $0
- Net Assets: $53,664
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Organization Details
Principal Officer
Roxie Stoneburner
Website
www.maconelectric.comNTEE Category
Code: Y12 - Mutual benefit
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