Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
57th percentile
Higher net margin than 57% of similar nonprofits.
Top Officer Pay
93rd percentile
Higher top officer pay than 93% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
79th percentile
Faster asset growth than 79% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Assets
Up$26,587
Up $2,249 (+9.2%) from 2023
Net Assets
$26,587
No earlier filing loaded for comparison.
Liabilities
-
No earlier filing loaded for comparison.
Revenue
Down$79,904
Down $1,489 (-1.8%) from 2023
Expenses
Down$77,655
Down $12,497 (-14%) from 2023
Net Income
Up$2,249
Up $11,008 (+126%) from 2023
The foundation's charitable purpose is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.
The foundation's charirable purpose is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.
| Description | Grants | Expenses |
|---|---|---|
| THE FOUNDATION'S CHARIRABLE PURPOSE IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION. | $58,040 | $67,909 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DALE DAVIS | President | - | $0 | - | - |
| JEAN BELL | Vice Preside | - | $0 | - | - |
| SANDRA WELCH | Secretary | - | $0 | - | - |
| TAMMY MILLER-WHITE | Trustee | - | $0 | - | - |
| JEFFERY MCCOY | Trustee | - | $0 | - | - |
| WILLIAM COPELAND | Trustee | - | $0 | - | - |
| JEFF PROCTOR | Trustee | - | $0 | - | - |
| ERIC HURST | Trustee | - | $0 | - | - |
| ROBERT JONES | Trustee | - | $0 | - | - |
“ATTN: KEVIN HEATH”
“Website: https://aemc.coop/content/operation-roundup”
“Light up christmas program initiated in 2004, light up christmas has provided numerous toys to children who otherwise may not have had any to unwrap christmas morning. Most of the money used to purchase the toys is donated by corporate partners of albemarle emc through an annual golf tournament. The foundation's fundraising expenses are directly related to the annual golf tournament. Https://aemc.coop/light-christmas”
“Expenses luc expenses 9,756 admin. & general 3,223 fundraising expenses 6,636 total 19,615”
“Accounts receivable 4,924 4,892 total 4,924 4,892”
“The foundation received donated services of administrative time from certain employees of albemarle electric memberhsip corporation. Donated services totaled 11,121 for the year ended december 31, 2024. Based on the form's instructions, donated services are not included in income or expenses on the form 990-ez.”
“The foundation's charirable purpose is to accumulate and disburse funds for charitable purposes in the service area of albemarle electric membership corporation.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | ALBEMARLE EMC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2524265735 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 125 COOPERATIVE WAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HERTFORD |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27944 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 19414 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 21695 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 79904 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2249 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 24338 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 26587 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 58040 |
| IRS990EZ/GrossReceiptsAmt | 0 | 79904 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 24338 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 26587 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 24338 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 26587 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.31 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.37 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.24 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.37 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 0.36 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 0.25 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 0.31 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 0.24 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DALE DAVIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JEAN BELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SANDRA WELCH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | TAMMY MILLER-WHITE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JEFFERY MCCOY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | WILLIAM COPELAND |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | JEFF PROCTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | ERIC HURST |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | ROBERT JONES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | TRUSTEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | TRUSTEE |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 4924 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 4892 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 19615 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION'S CHARIRABLE PURPOSE IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FOUNDATION'S CHARIRABLE PURPOSE IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 58040 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 67909 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 77655 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 67909 |
| IRS990EZ/TotalRevenueAmt | 0 | 79904 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | SCHEDULE O |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 79904 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 81393 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 81752 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 84718 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 76245 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 404012 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 404012 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 79904 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 81393 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 81752 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 84718 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 76245 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 404012 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 404012 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ATTN: KEVIN HEATH |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | WEBSITE: HTTPS://AEMC.COOP/CONTENT/OPERATION-ROUNDUP |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | LIGHT UP CHRISTMAS PROGRAM INITIATED IN 2004, LIGHT UP CHRISTMAS HAS PROVIDED NUMEROUS TOYS TO CHILDREN WHO OTHERWISE MAY NOT HAVE HAD ANY TO UNWRAP CHRISTMAS MORNING. MOST OF THE MONEY USED TO PURCHASE THE TOYS IS DONATED BY CORPORATE PARTNERS OF ALBEMARLE EMC THROUGH AN ANNUAL GOLF TOURNAMENT. THE FOUNDATION'S FUNDRAISING EXPENSES ARE DIRECTLY RELATED TO THE ANNUAL GOLF TOURNAMENT. HTTPS://AEMC.COOP/LIGHT-CHRISTMAS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EXPENSES LUC EXPENSES 9,756 ADMIN. & GENERAL 3,223 FUNDRAISING EXPENSES 6,636 TOTAL 19,615 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCOUNTS RECEIVABLE 4,924 4,892 TOTAL 4,924 4,892 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE FOUNDATION RECEIVED DONATED SERVICES OF ADMINISTRATIVE TIME FROM CERTAIN EMPLOYEES OF ALBEMARLE ELECTRIC MEMBERHSIP CORPORATION. DONATED SERVICES TOTALED 11,121 FOR THE YEAR ENDED DECEMBER 31, 2024. BASED ON THE FORM'S INSTRUCTIONS, DONATED SERVICES ARE NOT INCLUDED IN INCOME OR EXPENSES ON THE FORM 990-EZ. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE FOUNDATION'S CHARIRABLE PURPOSE IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF ALBEMARLE ELECTRIC MEMBERSHIP CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PAGE 1, ITEM C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KEVIN HEATH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | GM - ALBEMARLE EMC |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8002159915 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-02-27 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ALBEMARLE COMMUNITY TRUST |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ALBE |
| ReturnHeader/Filer/EIN | 0 | 562273552 |
| ReturnHeader/Filer/PhoneNum | 0 | 2524265735 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 125 COOPERATIVE WAY |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HERTFORD |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 279449825 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 581094351 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | POST OFFICE BOX ONE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MACON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | GA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 312020001 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4787466277 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-03-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | WILLIAM R ROUNTREE |
| ReturnHeader/ReturnTs | 0 | 2025-03-03T15:58:33-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.