Civic Intelligence

First Electric Trust

990EZ • Fiscal year 2020 • EIN 31-1586917

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 28, 2021

1000 South Jp Wright Loop RoadJacksonville, AR 72076

(501) 982-4545

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

43rd percentile

0.8%

Higher net margin than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

77th percentile

$1,200

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$21,941

No earlier filing loaded for comparison.

Net Assets

$21,941

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$125,916

No earlier filing loaded for comparison.

Expenses

$124,890

No earlier filing loaded for comparison.

Net Income

$1,026

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60K$40K$20K$0Assets 2020: $21,941Liabilities 2020: $0Net Assets 2020: $21,9412020Assets 2021: $34,113Liabilities 2021: $0Net Assets 2021: $34,1132021Assets 2022: $33,424Liabilities 2022: $0Net Assets 2022: $33,4242022Assets 2023: $36,569Liabilities 2023: $0Net Assets 2023: $36,5692023Assets 2024: $44,068Liabilities 2024: $0Net Assets 2024: $44,0682024

Highlighted filing

2020

Assets$21,941
Liabilities$0
Net Assets$21,941

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $125,916Expenses 2020: $124,890Net Income 2020: $1,0262020Revenue 2021: $129,519Expenses 2021: $117,347Net Income 2021: $12,1722021Revenue 2022: $134,385Expenses 2022: $135,074Net Income 2022: -$6892022Revenue 2023: $135,755Expenses 2023: $132,610Net Income 2023: $3,1452023Revenue 2024: $143,301Expenses 2024: $135,802Net Income 2024: $7,4992024

Highlighted filing

2020

Revenue$125,916
Expenses$124,890
Net Income$1,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$125,916
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
FIRST ELECTRIC TRUST PROVIDED FUNDING FOR NON-PROFIT ORGANIZATIONS/AGENCIES AND INDIVIDUALS WITH REGARD TO FOOD, SHELTER, CLOTHING, HEALTH CARE, EQUIPMENT, COMMUNITY IMPROVEMENT PROJECTS, EDUCATION AND OTHER SPECIAL NEEDS ITEMS IN THE 18 COUNTY SERVICE TERRITORY OF FIRST ELECTRIC COOPERATIVE THROUGH "OPERATION ROUND UP". FIRST ELECTRIC COOPERATIVE CORPORATION ADMINISTERS THE TRUST AND COLLECTS ALL DONATIONS ON BEHALF OF THE TRUST AND FUNDS ALL OPERATING EXPENSES. ADDITIONALLY, FIRST ELECTRIC COOPERATIVE CORPORATION PROVIDED ACCOUNTING AND MANAGEMENT SERVICES VALUED AT $8,533.$110,909$124,890
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
REEDIE RAYChairman-$1,200-$1,200
LOIS A BURKSVice-Chairman-$1,200-$1,200
JOANN HARKEYTreasurer-$1,200-$1,200
COURTNEY CHISMSecretary-$1,200-$1,200
KIMBERLY EZELLDirector-$1,200-$1,200
JAMES ZAHNDDirector-$1,200-$1,200
LOIS ANN BRYANTDirector-$1,200-$1,200
JIM HAWKINSDirector-$1,200-$1,200
TOSHIA SMITHDirector-$1,200-$1,200
MELISSA WOODCFO-$0--
Filing and Contact Details

Filer

Filer Name
First Electric Trust
EIN
31-1586917
Phone
5019824545
Address
1000 SOUTH JP WRIGHT LOOP ROAD, JACKSONVILLE, AR 72076

Signing Officer

Name
Melissa Wood
Title
CFO
Phone
5019824545
Signed
2021-10-28
Discuss with paid preparer
Yes

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
William M Miller
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: $18,000 paid directly to the chosen college/university of the 18 recipients.. Grantee name: scholarships. Amount given: 18,000.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: 62 grants to 56 separate organizations. Amounts $500-$5,000 per transaction.. Grantee name: donations. Amount given: 84,909.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: grant for educational needs. Grantee name: arkansas single parent scholarship fund program. Grantee address: 614 east emma avenue, ste 119 springdale, ar 72764. Amount given: 8,000. Total included on form 990-ez, line 10: 110,909.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: mileage reimbursement. Amount: 1,270. Description: meals expense. Amount: 461. Description: office supplies. Amount: 700. Total to form 990-ez, line 16: 2,431.

Raw XML Appendix195 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY CLASSIFICATION: $18,000 PAID DIRECTLY TO THE CHOSEN COLLEGE/UNIVERSITY OF THE 18 RECIPIENTS.. GRANTEE NAME: SCHOLARSHIPS. AMOUNT GIVEN: 18,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: 62 GRANTS TO 56 SEPARATE ORGANIZATIONS. AMOUNTS $500-$5,000 PER TRANSACTION.. GRANTEE NAME: DONATIONS. AMOUNT GIVEN: 84,909.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: GRANT FOR EDUCATIONAL NEEDS. GRANTEE NAME: ARKANSAS SINGLE PARENT SCHOLARSHIP FUND PROGRAM. GRANTEE ADDRESS: 614 EAST EMMA AVENUE, STE 119 SPRINGDALE, AR 72764. AMOUNT GIVEN: 8,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 110,909.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: MILEAGE REIMBURSEMENT. AMOUNT: 1,270. DESCRIPTION: MEALS EXPENSE. AMOUNT: 461. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 700. TOTAL TO FORM 990-EZ, LINE 16: 2,431.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-28
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ReturnHeader/Filer/EIN0311586917
ReturnHeader/Filer/PhoneNum05019824545
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ReturnHeader/Filer/USAddress/CityNm0JACKSONVILLE
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ReturnHeader/Filer/USAddress/ZIPCd072076
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750882037
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLINGER SEGARS GILBERT AND MOSS LLP
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM M MILLER
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-11-01T10:41:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MELISSA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WOOD
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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