Overview
What is The Chelco Foundation Inc?
The Chelco Foundation Inc is a charitable organization, established by the Board of Trustees of Choctawhatchee Electric Cooperative, Inc. (CHELCO). Established to serve as a philanthropic agency, the foundation supports individuals and organizations in the local community, as well as on a national and global scale. Funding for the foundation comes from voluntary donations made by CHELCO's employees, members, and other supporters, contributing to CHELCO's community outreach initiatives, such as scholarships and international electrification. Currently, The Chelco Foundation is in the process of creating a new program using funds donated in 2022 and 2023, with an anticipated start date in early 2025, known as the Murial Drebing Program.
Is The Chelco Foundation Inc legitimate?
The Chelco Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Chelco Foundation Inc submitted a form 990, 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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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Chelco Foundation Inc?
The Chelco Foundation Inc was established by the board of trustees of Choctawhatchee Electric Cooperative, Inc. (Chelco), serving as a philanthropic agency to aid individuals and organizations both locally and globally. The foundation relies on voluntary donations from Chelco's employees, members, and other supporters to contribute to Chelco's community outreach initiatives. These outreach efforts encompass various programs, such as scholarships and international electrification projects. The primary goal of the Chelco Foundation Inc is to assist individuals and organizations in need, contributing to the betterment of communities beyond Chelco's direct sphere.
Who is the CEO of The Chelco Foundation Inc?
Stephen Rhodes is the President of The Chelco Foundation Inc.
What is the revenue of The Chelco Foundation Inc?
The Chelco Foundation Inc's revenue in 2022 was $724,294.
Who are the executives of The Chelco Foundation Inc and what are their salaries?
- Gerald Edmondson (President) [Trustee/Director]
- Brady Bearden (Vice-President) [Trustee/Director]
- Gayle Hughes (Secretary/Treasurer) [Trustee/Director]
- Stephen Rhodes (Director)
- Robin Shaw (Director)
Where can I find the form 990 for The Chelco Foundation Inc?
The The Chelco Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of The Chelco Foundation Inc
The Chelco Foundation Inc, a philanthropic agency established by the Board of Trustees of Choctawhatchee Electric Cooperative, Inc. (Chelco), was set up to assist individuals and organizations in both the local community and beyond, as well as on a national and global scale. This charitable organization serves as a platform for employees, members, and other supporters of Chelco to contribute voluntarily to community outreach initiatives. The Foundation's mission encompasses various aspects of community support, such as providing scholarships and contributing to international electrification projects. By doing so, The Chelco Foundation Inc aims to make a positive impact on individuals and communities around the world, aligning with Chelco's broader commitment to community engagement.
Impact
This information is meant to be a general summary of The Chelco Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Chelco Foundation Inc's impact is significant, as it serves as a philanthropic agency established by the board of trustees of Choctawhatchee Electric Cooperative, Inc. (CHELCO). The foundation plays a crucial role in assisting individuals and organizations in the local community, across the nation, and throughout the world. Through voluntary donations made by employees, members, and supporters, the foundation supports community outreach initiatives such as scholarships and international electrification. The foundation's ongoing programs, like the Muriel Drebing Program set to begin in early 2025, demonstrate its commitment to making a positive difference in education and society.
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 2022.
- Assets and Liabilities:
Organization Details
Founding Year
2018
Phone
(850) 892-2111
Principal Officer
Stephen Rhodes
Main Address
PO BOX 512, DEFUNIAK SPRINGS, FL, 324350512
NTEE Category
Code: B82 - Education
If you are a representative of The Chelco Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.