Electric Cooperative Foundation Inc in Montgomery, Alabama (AL)

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Electric Cooperative Foundation Inc
Employer Identification Number (EIN)631190086
Name of OrganizationElectric Cooperative Foundation Inc
AddressPO BOX 244014, Montgomery, AL 36124-4014
SubsectionEducational Organization
Ruling Date01/2000
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$202,369
Amount of Income$240,713
Form 990 Revenue Amount$167,022
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards


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Amount of income in 2012: $240,713 (it was $167,022 in 2011)
This organization: 

 $240,713
Other organizations performing similar types of work: 

 $42,700

Assets in 2012: $202,369 (it was $291,527 in 2011)
Electric Cooperative Foundation Inc: 

 $202,369
Other organizations performing similar types of work: 

 $68,974

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$167,022$11,515$0
Contributions, gifts, grants, etc., received$155,507
Interest on savings and temporary cash investments$55
Dividends and interest from securities$7,014
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$4,446
Total expenses and disbursements$80,489$0$0$74,600
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$5,889$0$0
Contributions, gifts, grants paid$74,600
Excess of revenue over expenses and disbursements$86,533
Net investment income$11,515
Adjusted net income$0
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$291,527$291,527
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$196,642
Other$94,885
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$291,527
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$4,446
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$115
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$115
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$263,431
Net value of noncharitable-use assets$259,480
Minimum investment return$12,974
Distributable Amount (for 2011)
Distributable amount$12,859
Undistributed Income (for 2011)
Distributable amount for 2011$12,859
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Health Scholarships IncPO BOX 1337, Hawkinsville, GA 31036-7337GA1999-04$157,402,420
2Montana Higher Education Student Assistance Corporation2500 E Broadway St, Helena, MT 59601-4901MT1983-03$119,407,568
3Educational Services Of America Inc104 N Seven Oaks Dr, Knoxville, TN 37922-2359TN1996-06$72,052,479
4Usa Funds Education Endowment Inc10475 Crosspoint Blvd Ste 230, Indianapolis, IN 46256-3387IN2005-07$41,529,411
5Greater Texas Foundation6100 Foundation Place Dr, Bryan, TX 77807-1105TX1980-05$39,027,572
6Foundation For Educational FundingPO BOX 82552, Lincoln, NE 68501-2552NE2002-08$36,471,952
7American Association Of University Women Inc9490 N Ridgewood Road, Pocatello, ID 83201ID2010-03$28,150,155
8Firemens Association Of The State New York Foundation Inc107 Washington Avenue, Albany, NY 12210-2200NY2003-01$23,169,842
9Alabama Higher Education Loan Corporation1772 Platt Pl, Montgomery, AL 36117-7761AL1982-11$165,709
10Alabama B Nai B Rith Hillel Foundation380 9th St, Tuscaloosa, AL 35401-1231AL2008-11$73,251
11Economic Development Partnership Of Alabama Foundation Inc500 Beacon Pkwy W, Birmingham, AL 35209-3108AL1996-04$4,318,148
12Aliant FoundationPO BOX 1237, Alex City, AL 35011-1237AL2004-01$1,482,504
13Auburn Spirit Foundation Forscholarships317 S College St, Auburn, AL 36849-5149AL2011-01$1,129,449
14Henry & Rose Fishman Scholarship Trust 530-2460000086PO BOX 2886, Mobile, AL 36652-2886AL2004-05$473,360
15Coastal Baldwin Educational Enrichment Foundation IncPO BOX 5050, Gulf Shores, AL 36547-5050AL1999-11$424,159
16Electric Cooperative Foundation IncPO BOX 244014, Montgomery, AL 36124-4014AL2000-01$240,713
17Blount County Education Foundation IncPO BOX 603, Oneonta, AL 35121-0008AL1999-03$216,631
18Ray Wu Memorial Fund1659 Crossgate Dr, Vestavia, AL 35216-3114AL2008-08$207,337
19Help 2 Others Foundation3600 1st Ave N, Birmingham, AL 35222-1210AL2006-04$201,244
20Elizabeth Conwell Schlarb Foundation For Women Entrepreneurs2 20th St N Ste 830, Birmingham, AL 35203-4062AL1999-10$173,308
21John Stallworth Foundation200 Pratt Ave Ste B-2, Huntsville, AL 35801-4029AL1991-07$132,896
22John Allen Thresh Memorial Tr 1255001320PO BOX 2886, Mobile, AL 36652-2886AL2010-09$108,735
23Alabama Master Gardeners Association Inc8143 Wynlakes Blvd, Montgomery, AL 36117-5135AL2006-08$104,830
24Alabama Council For Affordable And Rural Housing Scholarship Fund IncPO BOX 70037, Tuscaloosa, AL 35407-0037AL2002-01$82,437
25Beverly M Burton Scholarship Fund, J Roe Burton Sr TteePO BOX 16167, Mobile, AL 36616-0167AL2007-10$76,543
26Capitol School Foundation Inc2828 6th St, Tuscaloosa, AL 35401-1707AL1998-08$76,011
27Huntsville And Madison County Builders Foundation Inc2804 Bob Wallace Avenuesw, Huntsville, AL 35805AL1996-12$64,967
28Hoover Service Club IncPO BOX 360771, Birmingham, AL 35236-0771AL2006-02$63,371
29Nickolaou Constandinos Sarris Charitable Tr307 19th St S, Birmingham, AL 35233-1919AL2003-01$60,513
30Birmingham Architectural Foundationinc109 Arrington Blvd S, Birmingham, AL 35233-2121AL2007-01$59,335
Number of organizations performing similar types of work
Alaska43
Alabama250
Arkansas194
Arizona319
California2,300
Colorado349
Connecticut321
District of Columbia190
Delaware72
Florida1,105
Georgia574
Hawaii107
Iowa213
Idaho84
Illinois983
Indiana318
Kansas186
Kentucky239
Louisiana208
Massachusetts723
Maryland523
Maine130
Michigan616
Minnesota318
Missouri405
Mississippi131
Montana104
North Carolina548
North Dakota21
Nebraska109
New Hampshire123
New Jersey1,012
New Mexico109
Nevada138
New York1,422
Ohio817
Oklahoma213
Oregon252
Pennsylvania868
Rhode Island122
South Carolina208
South Dakota48
Tennessee287
Texas1,807
Utah187
Virginia572
Vermont84
Washington420
Wisconsin373
West Virginia96
Wyoming40
International28
Total20,909

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