Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
990 • Fiscal year 2023 • EIN 20-4064056
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
69th percentile
Faster asset growth than 69% of similar nonprofits.
Revenue Growth
36th percentile
Faster revenue growth than 36% of similar nonprofits.
Assets
Up$433,676
Up $56,718 (+15%) from 2022
Net Assets
Up$433,676
Up $57,418 (+15%) from 2022
Liabilities
Down$0
Down $700 (-100%) from 2022
Revenue
Down$211,427
Down $17,216 (-7.5%) from 2022
Expenses
Down$154,009
Down $107,232 (-41%) from 2022
Net Income
Up$57,418
Up $90,016 (+276%) from 2022
The purpose of the foundation shall be the accumulation and disbursement of funds for charitable purposes in the service area of peace river electric cooperative, inc. And its surrounding communities. This shall be accomplished by disbursement of these accumulated charitable funds of the foundation to individuals and organizations for needs which are related to food, shelter, clothing, health needs, environmental and education. Upon dissolution of the foundation, any remaining funds shall be distributed only for charitable purposes.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $359,783 | $411,941 | ▲ $52,158 |
| Total Assets | $376,958 | $433,676 | ▲ $56,718 |
| Other Assets Total | $17,175 | $21,735 | ▲ $4,560 |
| Liabilities | |||
| Other Liabilities | $700 | - | - |
| Total Liabilities | $700 | $0 | ▼ $700 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $376,258 | $433,676 | ▲ $57,418 |
| Total Net Assets Fund Balance | $376,258 | $433,676 | ▲ $57,418 |
| Total Liabilities and Net Assets / Fund Balance | $376,958 | $433,676 | ▲ $56,718 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Assets Org | $21,735 | - | - |
| Period | Beginning | Contrib. | Gain/Loss | Other Uses | End |
|---|---|---|---|---|---|
| 2023 | $235,000 | $121,185 | - | $-18,000 | $232,000 |
| 2022 | $218,000 | $151,622 | - | $-22,000 | $235,000 |
| 2021 | $229,000 | $106,000 | - | $-4,000 | $218,000 |
| 2020 | $223,000 | $110,000 | - | $-14,000 | $229,000 |
| 2019 | $203,500 | $112,000 | - | $-30,500 | $223,000 |
| Name | Title |
|---|---|
| Ellen Hamel | Chair |
| Matt Harrison | Vice Chair |
| Judye Mercer | Director |
| Mildred Smith | Director |
| Richard Illch | Director |
| Thomas W Balistreri | Director |
| Winnie Gordon | Director |
| Carol Ackerly | Secretary |
| Thomas Hackle | Treasurer |
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $146,209 |
| Other Expenses | $7,800 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $108,251 | - | - | $108,251 |
| Grants to Domestic Orgs | $37,958 | - | - | $37,958 |
| Fees for Services Accounting | - | $7,760 | - | $7,760 |
| Office Expenses | - | $40 | - | $40 |
| Total Functional Expenses | $146,209 | $7,800 | $0 | $154,009 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $169,072 |
| Expenses per Audited Statements | $154,009 |
| Total Expenses per Form 990 | $154,009 |
| Expenses Not Reported on Form 990 | $15,063 |
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Send Me Missions | Wauchula, FL | 501c3 | Hurricane Ian Relief | $20,000 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“Before the form 990 is filed with the irs, a copy is provided to each member of the board of directors for review.”
“Officers and directors are required to disclose any interests that could lead to a conflict of interest each year on a questionnaire provided by the cooperative. Management reviews the responses to each of the questionnaires.”
“Governing documents are made available upon request.”
“The purpose of the foundation shall be the accumulation and disbursement of funds for charitable purposes in the service area of peace river electric cooperative, inc. And its surrounding communities. This shall be accomplished by disbursement of these accumulated charitable funds of the foundation to individuals and organizations for needs which are related to food, shelter, clothing, health needs, environmental and education. Upon dissolution of the foundation, any remaining funds shall be distributed only for charitable purposes.”
“To provide funds for charitable and educational purposes for those residing in brevard, desoto, hardee, highlands, hillsborough, indian river, manatee, osceola, polk, and sarasota counties, all of which are in florida.”
“The foundation has been granted an exemption from income tax under section 501(c)(3) of the internal revenue code of 1999 and the foundations tax returns have not been examined by the internal revenue service. Under accounting standards codification section 740-10, income tax uncertainties, it is the policy of management to evaluate its tax positions on an ongoing basis and to disclose any such positions it believes would have a material impact on the financial statements and related notes. Management also believes that no such required disclosures currently exist. The foundation's form 990, return of organization exempt from income tax, is subject to examination by the internal revenue service, generally for three years after it was filed. The foundation recognizes interest accrued related to unrecognized tax benefits in interest expense and penalties, if any, in operating expenses.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PEACE RIVER ELECTRIC COOPERATIVE, INC. AND ITS SURROUNDING COMMUNITIES. THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF THESE ACCUMULATED CHARITABLE FUNDS OF THE FOUNDATION TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS SHALL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES. |
| IRS990/AllOtherContributionsAmt | 0 | 208520 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | TERESA HAMILTON |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8637674611 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 1310 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WAUCHULA |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | FL |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 33873 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 208520 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 146209 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2907 |
| IRS990/CYOtherExpensesAmt | 0 | 7800 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 57418 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 154009 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 211427 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | FINANCIAL ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | true |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 55209 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 7760 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 7760 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 5.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CAROL ACKERLY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | THOMAS W BALISTRERI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | WINNIE GORDON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | THOMAS HACKLE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ELLEN HAMEL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MATT HARRISON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | RICHARD ILLCH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JUDYE MERCER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | MILDRED SMITH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2005 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 9 |
| IRS990/GrantAmt | 0 | 55209 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 108251 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 108251 |
| IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt | 0 | 37958 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 37958 |
| IRS990/GrantsToIndividualsInd | 0 | true |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 211427 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 9 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2907 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2907 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | FL |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PEACE RIVER ELECTRIC COOPERATIVE, INC. AND ITS SURROUNDING COMMUNITIES. THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF THESE ACCUMULATED CHARITABLE FUNDS OF THE FOUNDATION TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS SHALL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 376258 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 433676 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 376258 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 433676 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 40 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 40 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 17175 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 21735 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 700 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | THOMAS HACKLE |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | PROVIDE COLLEGE SCHOLARSHIPS TO STUDENTS RESIDING IN THE FOUNDATION'S LOCAL 10 COUNTY AREA, ALL OF WHICH ARE IN THE STATE OF FLORIDA. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 91000 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 91000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 228395 |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 255161 |
| IRS990/PYInvestmentIncomeAmt | 0 | 248 |
| IRS990/PYOtherExpensesAmt | 0 | 6080 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -32598 |
| IRS990/PYTotalExpensesAmt | 0 | 261241 |
| IRS990/PYTotalRevenueAmt | 0 | 228643 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 57418 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | true |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 359783 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 411941 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 208520 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 228395 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 206678 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 218107 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 180899 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 1042599 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 2907 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 248 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 265 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1712 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 3880 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 9012 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99140 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99310 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 1042599 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 208520 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 228395 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 206678 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 218107 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 180899 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 1042599 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 1051611 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BoardDesignatedBalanceEOYPct | 0 | 1.00000 |
| IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 235000 |
| IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt | 0 | 121185 |
| IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt | 0 | 232000 |
| IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | -106185 |
| IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt | 0 | -18000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 218000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt | 0 | 151622 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 235000 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | -112622 |
| IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt | 0 | -22000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 229000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt | 0 | 106000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt | 0 | 218000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt | 0 | -113000 |
| IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt | 0 | -4000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt | 0 | 223000 |
| IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt | 0 | 110000 |
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| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | TO PROVIDE FUNDS FOR CHARITABLE AND EDUCATIONAL PURPOSES FOR THOSE RESIDING IN BREVARD, DESOTO, HARDEE, HIGHLANDS, HILLSBOROUGH, INDIAN RIVER, MANATEE, OSCEOLA, POLK, AND SARASOTA COUNTIES, ALL OF WHICH ARE IN FLORIDA. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE FOUNDATION HAS BEEN GRANTED AN EXEMPTION FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1999 AND THE FOUNDATIONS TAX RETURNS HAVE NOT BEEN EXAMINED BY THE INTERNAL REVENUE SERVICE. UNDER ACCOUNTING STANDARDS CODIFICATION SECTION 740-10, INCOME TAX UNCERTAINTIES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND TO DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT WAS FILED. THE FOUNDATION RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES, IF ANY, IN OPERATING EXPENSES. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE PURPOSE OF THE FOUNDATION SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PEACE RIVER ELECTRIC COOPERATIVE, INC. AND ITS SURROUNDING COMMUNITIES. THIS SHALL BE ACCOMPLISHED BY DISBURSEMENT OF THESE ACCUMULATED CHARITABLE FUNDS OF THE FOUNDATION TO INDIVIDUALS AND ORGANIZATIONS FOR NEEDS WHICH ARE RELATED TO FOOD, SHELTER, CLOTHING, HEALTH NEEDS, ENVIRONMENTAL AND EDUCATION. UPON DISSOLUTION OF THE FOUNDATION, ANY REMAINING FUNDS SHALL BE DISTRIBUTED ONLY FOR CHARITABLE PURPOSES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BEFORE THE FORM 990 IS FILED WITH THE IRS, A COPY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR REVIEW. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANY INTERESTS THAT COULD LEAD TO A CONFLICT OF INTEREST EACH YEAR ON A QUESTIONNAIRE PROVIDED BY THE COOPERATIVE. MANAGEMENT REVIEWS THE RESPONSES TO EACH OF THE QUESTIONNAIRES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.