EIN 88-6793004

Brazos Electric Rate Payer Hardship Fund

IRS 501(c) type
501(c)(4)
Num. employees
0
City
State
Year formed
2022
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Brazos Electric Rate Payer Hardship Fund aims to alleviate the effects of Winter Storm Uri-related securitization charges on low-income cooperative ratepayers of 15 member cooperatives in Waco. Around 134,000 households may qualify for the benefits and apply through Solix, a third-party expert in assessing eligibility.
Also known as...
Paula Farquhar Ttee
Total revenues
$140,224,200
2022
Total expenses
$61,150
2022
Total assets
$140,224,200
2022
Num. employees
0
2022

Program areas at Brazos Electric Rate Payer Hardship Fund

There are an estimated 134,000 potentially eligible households, based on eligibility criteria , in the participating member cooperatives (pmc) service area. Customers may apply for the benefits through solix, a third party specializing in eligibility determination, and those customers deemed eligible will receive credits from the pmcs on their monthly invoices for Electric service to cover securitization charges included in those invoices. The credits are funded from reimbursements the Hardship Fund pays the pmcs after the low income customers receive the credit on their bills. The Fund was set up in december of 2022 and will begin disbursing funds to the pmcs in 2023.

Who funds Brazos Electric Rate Payer Hardship Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Brazos Electric Power CooperativeGeneral Support$140,000,000

Personnel at Brazos Electric Rate Payer Hardship Fund

NameTitleCompensation
Paula FarquharPresident$0
Russell YoungVice President$0
Jill SadberrySecretary$0

Financials for Brazos Electric Rate Payer Hardship Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$140,000,000
Program services$0
Investment income and dividends$224,200
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$140,224,200

Form 990s for Brazos Electric Rate Payer Hardship Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-03990View PDF

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Three Rivers Electric CooperativeLinn, MO$47,009,896
Central Rural Electric CooperativeStillwater, OK$69,614,536
Alaska Electric and Energy CooperativeHomer, AK$68,025,106
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 18, 2024
Updated personnel
Identified 7 new personnel
December 30, 2023
Used new vendors
Identified 1 new vendor, including
December 25, 2023
Received grants
Identified 1 new grant, including a grant for $140,000,000 from Brazos Electric Power Cooperative
Nonprofit Types
Public utilitiesPublic sector nonprofits
Issues
No issues found
Characteristics
No full-time employees
General information
Address
7616 Bagby Ave
Waco, TX 76712
Metro area
Waco, TX
County
McLennan County, TX
Website URL
brazoshardshipfund.com/s/?language=en_usĀ 
Phone
(713) 651-3770
IRS details
EIN
88-6793004
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Independent
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