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EIN 82-1794757

The Chelco Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Defuniak Springs
State
Florida
Year formed
2018
Most recent tax filings
2023-12-01
NTEE code, primary
T30: Public Foundations
Description
The Chelco Foundation was established by the board of trustees of Choctawhatchee Electric Cooperative, Inc. (Chelco) with a mission to serve as a philanthropic agency that assists individuals and organizations both locally and abroad. The foundation has an ongoing mural drebing program scheduled to launch in early 2025, using funds donated from 2022-2023. Additionally, it hosts a charity golf tournament benefiting The American Heart Association, The American Cancer Society, and The Emerald Coast Autism Center.
Related structure
The Chelco Foundation is a subordinate organization under Choctawhatchee Electric Cooperative (CHELCO).
Also known as...
Chelco Foundation A Florida Corporation Not-For-Profit
Total revenues
$1,207,152
2023
Total expenses
$23,867
2023
Total assets
$1,971,646
2023
Num. employees
0
2023

Program areas at The Chelco Foundation

1) murial drebing program - in progress to create a program by using The funds donated to The Foundation in 2022 and 2023. Expected to start in 2024.
3) Chelco employee fundraising (jeans friday, halloween soup/dessert contest, etc.) - benefiting various 501(c)(3) organizations.
2) charity golf tournament - benefiting The american heart association, The american cancer society, and The emerald coast autism center.

Personnel at The Chelco Foundation

NameTitleCompensation
Stephen RhodesDirector$0
Brady BeardenVice President$0
Gayle HughesSecretary and Treasurer$0
Gerald EdmondsonPresident$0

Financials for The Chelco Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,151,712
Program services$0
Investment income and dividends$42,360
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$13,080
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,207,152

Form 990s for The Chelco Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-24990View PDF
2022-122023-08-24990View PDF
Data update history
October 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 8, 2023
Updated personnel
Identified 4 new personnel
September 28, 2023
Used new vendors
Identified 1 new vendor, including
February 2, 2022
Updated personnel
Identified 1 new personnel
February 1, 2022
Posted financials
Added Form 990N for fiscal year 2021
Nonprofit Types
Grantmaking organizationsChapter / child organizationsCharities
Issues
HealthEducationDiseases and disorders
Characteristics
Provides grantsFundraising eventsState / local levelTax deductible donationsNo full-time employees
General information
Address
PO Box 512
Defuniak Springs, FL 32435
Metro area
Crestview-Fort Walton Beach-Destin, FL
County
Walton County, FL
Phone
(850) 892-2111
IRS details
EIN
82-1794757
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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