1. Directory
  2. South Carolina
  3. Ridgeland
  4. Palmetto Electric Trust
EIN 57-0931978

Palmetto Electric Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Ridgeland
State
South Carolina
Year formed
1989
Most recent tax filings
2022-12-01
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
Description
The Palmetto Electric Trust provides charitable fundraising services by rounding up electric bills to an even dollar amount, with the disbursement of funds for charitable purposes in the service area of Palmetto Electric Cooperative, Inc. Formed to provide financial assistance for charitable purposes, the trust is located in Ridgeland, SC.
Total revenues
$438,733
2022
Total expenses
$388,462
2022
Total assets
$654,532
2022
Num. employees
0
2022

Program areas at Palmetto Electric Trust

Palmetto Electric Trust was formed to provide financial assistance funds for charitable purposes in the service area of Palmetto Electric cooperative, inc.
Palmetto Electric Trust was formed to provide financial assistance funds for charitable purposes in the service area of Palmetto Electric cooperative, inc.

Grants made by Palmetto Electric Trust

GranteeAmount
American National Red Cross (ANRC)$30,000
Meals-On-Wheels Bluffton-Hilton Head$25,000
Jasper County Council on Aging$22,000
...and 17 more grants made

Personnel at Palmetto Electric Trust

NameTitleCompensation
A Berl DavisPresident and Chief Executive Officer
Ernie AvantChairman / Director$0
Cindy SwailesSecretary and Treasurer$0
John TignorVice Chairman / Director$0
Cindy SwaileSecretary and Treasurer$0
...and 3 more key personnel

Financials for Palmetto Electric Trust

RevenuesFYE 12/2022
Total grants, contributions, etc.$438,085
Program services$0
Investment income and dividends$648
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$438,733

Form 990s for Palmetto Electric Trust

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-09990View PDF
2021-122022-11-02990View PDF
2020-122021-10-27990View PDF
2019-122021-02-26990View PDF
2018-122020-02-08990View PDF
...and 9 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 16, 2024
Updated personnel
Identified 2 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 5, 2023
Updated personnel
Identified 5 new personnel
August 15, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
4063 Grays Hwy
Ridgeland, SC 29936
Metro area
Hilton Head Island-Bluffton, SC
County
Jasper County, SC
Phone
(843) 726-5551
IRS details
EIN
57-0931978
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1989
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T00: Philanthropy, Voluntarism, and Grantmaking Foundations: General
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
Free account sign-up

Want updates when Palmetto Electric Trust has new information, or want to find more organizations like Palmetto Electric Trust?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy