NonprofitsChelco Foundation A Florida Corporation Not-For-Profit

Education

Chelco Foundation A Florida Corporation Not-For-Profit

DEFUNIAK SPGS, FL

Total revenue

$96K

Total expenses

$118K

Net assets

$2.0M

Grants received

EIN

821794757

Tax year

2024

Mission

The organization was established by the board of trustees of choctawhatchee electric cooperative, inc. (chelco) to serve as a phhilanthropic agency to assist individuals and organizations in the local community as well as across the nation and throughout the world. Donations made to the foundation are made voluntarily by employees and others who wish to support chelco's community outreach, which includes items like scholarships and grants for charitable organizations.

Programs

2 programs

Initiatives designed to benefit local charitable organizations, including american cancer society, american heart association, emerald coast autism center, and matrix community christmas program, reflecting the foundation's commitment to community service and social responsibility.

Expenses: $16KGrants: $16K

Programs specifically designed to support chelco employees and their families, including college scholarships and other assistance as needed.

Expenses: $2KGrants: $2K

Financials

FY 2024

Revenue

Contributions & grants$15K
Program service revenue
Investment income$81K
Other revenue
Total revenue$96K

Expenses

Grants paid$108K
Salaries & benefits
Fundraising
Other expenses$10K
Total expenses$118K
Total assets$2.0M
Net assets$2.0M

People

5 listed

NameRoleCompensation

GERALD EDMONDSON PRESIDENT

COMP IS NOT PAID BY THE FOUNDATION

Board

1 hrs/wk

BRADY BEARDEN VICE-PRESIDENT

COMP IS NOT PAID BY THE FOUNDATION

Board

1 hrs/wk

GAYLE HUGHES SECRETARYTREASURER

COMP IS NOT PAID BY THE FOUNDATION

Board

1 hrs/wk

STEPHEN RHODES DIRECTOR

COMP IS NOT PAID BY THE FOUNDATION

Board

1 hrs/wk

ROBIN SHAW DIRECTOR

COMP IS NOT PAID BY THE FOUNDATION

Board

1 hrs/wk

Details

EIN821794757
NTEE codeB82
Subsection03
Ruling date2018-03
Formed2018
Employees0
Volunteers0
CHELCO FOUNDATION A FLORIDA CORPORATION NOT-FOR-PROFIT — Mission, Financials & Grants Received | Grantivo