Civic Intelligence

The Chelco Foundation Inc

EIN 82-1794757 • 501(c)3 • Defuniak Springs, FL

Profile

The organization was established by the board of trustees of choctawhatchee electric cooperative, inc. (chelco) to serve as a philanthropic agency to assist individuals and organizations in the local community as well as across the nation and throughout the world. Donations made to the foundation are made voluntarily by employees, members, and others who wish to support chelco's community outreach, which includes items like scholarships and international electrification.

PO Box 512Defuniak Springs, FL 32435-0512

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$851,634

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 890.5% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

40th percentile

0.2%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$1,976,258

Up $4,612 (+0.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,976,258

Up $4,612 (+0.2%) from 2023

Operations
Liabilities / Revenue20th percentileNet Margin13th percentile

Revenue

Down

$95,633

Down $1,111,519 (-92%) from 2023

Expenses

Up

$117,931

Up $94,064 (+394%) from 2023

Net Income

Down

-$22,298

Down $1,205,583 (-102%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2022: $710,589Liabilities 2022: $0Net Assets 2022: $710,5892022Assets 2023: $1,971,646Liabilities 2023: $0Net Assets 2023: $1,971,6462023Assets 2024: $1,976,258Liabilities 2024: $0Net Assets 2024: $1,976,2582024

Highlighted filing

2024

Assets$1,976,258
Liabilities$0
Net Assets$1,976,258
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2022: $724,294Expenses 2022: $18,536Net Income 2022: $705,7582022Revenue 2023: $1,207,152Expenses 2023: $23,867Net Income 2023: $1,183,2852023Revenue 2024: $95,633Expenses 2024: $117,931Net Income 2024: -$22,2982024

Highlighted filing

2024

Revenue$95,633
Expenses$117,931
Net Income-$22,298
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,976,258
Liabilities
$0
Net assets
$1,976,258
Revenue
$95,633
Expenses
$117,931
Net income
-$22,298
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.98$0.00$1.98$0.10$0.12$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.97$0.00$1.97$1.21$0.02$1.18
2022Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.72$0.02$0.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$101,167
Mission and Program Overview

Mission

The organization was established by the board of trustees of choctawhatchee electric cooperative, inc. (chelco) to serve as a philanthropic agency to assist individuals and organizations in the local community as well as across the nation and throughout the world. Donations made to the foundation are made voluntarily by employees, members, and others who wish to support chelco's community outreach, which includes items like scholarships and international electrification.

The organization was established by the board of trustees of choctawhatchee electric cooperative, inc. (chelco) to serve as a phhilanthropic agency to assist individuals and organizations in the local community as well as across the nation and throughout the world. Donations made to the foundation are made voluntarily by employees and others who wish to support chelco's community outreach, which includes items like scholarships and grants for charitable organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,971,646$1,976,258▲ $4,612
Investments Other Securities$669,695$1,698,947▲ $1,029,252
Savings and Temporary Cash Investments$1,118,787$0▼ $1,118,787
Cash and Non-Interest-Bearing Accounts$173,777$277,311▲ $103,534
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,971,646$1,976,258▲ $4,612
Other Assets Total$9,387$0▼ $9,387
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,971,646$1,976,258▲ $4,612
Total Liabilities and Net Assets / Fund Balance$1,971,646$1,976,258▲ $4,612

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,069,355--
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleOtherTotal
Brady Bearden Vice-presidentComp Is Not Paid by the Foundation$24,010$24,010
Gayle Hughes SecretarytreasurerComp Is Not Paid by the Foundation$19,110$19,110
Gerald Edmondson PresidentComp Is Not Paid by the Foundation$19,110$19,110

Board Members and Trustees

NameTitle
Robin Shaw DirectorComp Is Not Paid by the Foundation
Stephen Rhodes DirectorComp Is Not Paid by the Foundation
Revenue and Support

Revenue Composition

Contributions and Grants
$14,631
Program Service Revenue
$0
Investment Income
$81,012
Other Revenue
$-10
All Other Contributions
$5,631
Change in Net Assets
$-22,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$107,909
Other Expenses$10,022
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$106,409--$106,409
Fees for Services Accounting-$5,000-$5,000
Fees for Services Other$4,500--$4,500
Grants to Domestic Individuals$1,500--$1,500
Fees for Services Legal-$270-$270
Fees for Service Investment Mgmnt Fees-$176-$176
Office Expenses-$76-$76
Total Functional Expenses$112,409$5,522$0$117,931
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
United WayFort Walton, FL501(c)(3)TO PROVIDE ASSISTANCE TO VARIOUS ORGANIZATIONS: THE FOUNDATION DONATES TO UNITED WAY, AND UNITED WAY USES THEIR SELECTION CRITERIA TO SELECT GRANT RECIPIENTS.$90,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,534
Fundraising Gross Income$5,524
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Stephen rhodes, who serves on the foundation's board of trustees, is ceo at chelco. Robin shaw, who serves on the foundation's board of trustees, is vp of finance at chelco. All other board members, gerald edmondson, brady bearden, and gayle hughes, also serve as board of trustee members at chelco.”

Form 990, Part VI, Section B, Line 11B

“The board reviews the tax return at a regular meeting prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The foundation's related party, chelco, has established several internal policies (written) including conflict of interest policy. All of the employees and trustees at chelco and the foundation are required to follow the policies. The policies are accessible in policy tech (an online portal) and set to be reviewed and updated periodically.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.”

Form 990, Part VII, Section A

“The compensation reported on this schedule was paid by the organization's related party the choctawhatchee electric cooperative, inc.”

Filing and Contact Details

Filer

Filer Name
The Chelco Foundation Inc
EIN
82-1794757
Phone
8508922111
Address
PO BOX 512, DEFUNIAK SPRINGS, FL 32435-0512

Signing Officer

Name
Stephen Rhodes
Title
Director
Phone
8508922111
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Rhodes
Formed
2018
Legal Domicile
Fl
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Jackson Thornton & Co Pc
Address
PO BOX 96, MONTGOMERY, AL 36101-0096
Preparer
Christine K Cook
Phone
3348347660
Raw XML AppendixShowing 400 of 434 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION WAS ESTABLISHED BY THE BOARD OF TRUSTEES OF CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC. (CHELCO) TO SERVE AS A PHHILANTHROPIC AGENCY TO ASSIST INDIVIDUALS AND ORGANIZATIONS IN THE LOCAL COMMUNITY AS WELL AS ACROSS THE NATION AND THROUGHOUT THE WORLD. DONATIONS MADE TO THE FOUNDATION ARE MADE VOLUNTARILY BY EMPLOYEES AND OTHERS WHO WISH TO SUPPORT CHELCO'S COMMUNITY OUTREACH, WHICH INCLUDES ITEMS LIKE SCHOLARSHIPS AND GRANTS FOR CHARITABLE ORGANIZATIONS.
IRS990/AllOtherContributionsAmt05631
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08508922111
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0655 US 331 N
IRS990/BooksInCareOfDetail/USAddress/CityNm0DEFUNIAK SPRINGS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990/BooksInCareOfDetail/USAddress/ZIPCd032433
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0173777
IRS990/CashNonInterestBearingGrp/EOYAmt0277311
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContriRptFundraisingEventAmt09000
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt014631
IRS990/CYGrantsAndSimilarPaidAmt0107909
IRS990/CYInvestmentIncomeAmt081012
IRS990/CYOtherExpensesAmt010022
IRS990/CYOtherRevenueAmt0-10
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-22298
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0117931
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt095633
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0MURIAL DREBING PROGRAM - BENEFITING VARIOUS ORGANIZATIONS IN THE SURROUNDING AREAS. THE CHELCO FOUNDATION DONATES FUNDS TO THE UNITED WAY, AND THE UNITED WAY USES THEIR SELECTION CRITERIA TO DETERMINE THE RECIPIENTS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt094500
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05000
IRS990/FeesForServicesAccountingGrp/TotalAmt05000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0270
IRS990/FeesForServicesLegalGrp/TotalAmt0270
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt04500
IRS990/FeesForServicesOtherGrp/TotalAmt04500
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0176
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0176
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt08.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt14.90
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt23.80
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt355.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt3354029
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt445193
IRS990/Form990PartVIISectionAGrp/PersonNm0GERALD EDMONDSON PRESIDENT
IRS990/Form990PartVIISectionAGrp/PersonNm1BRADY BEARDEN VICE-PRESIDENT
IRS990/Form990PartVIISectionAGrp/PersonNm2GAYLE HUGHES SECRETARYTREASURER
IRS990/Form990PartVIISectionAGrp/PersonNm3STEPHEN RHODES DIRECTOR
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBIN SHAW DIRECTOR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt019110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt124010
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt219110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3497605
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4197867
IRS990/Form990PartVIISectionAGrp/TitleTxt0COMP IS NOT PAID BY THE FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt1COMP IS NOT PAID BY THE FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt2COMP IS NOT PAID BY THE FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMP IS NOT PAID BY THE FOUNDATION
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMP IS NOT PAID BY THE FOUNDATION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02018
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt09000
IRS990/FundraisingDirectExpensesAmt05534
IRS990/FundraisingGrossIncomeAmt05524
IRS990/GainOrLossGrp/SecuritiesAmt015824
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt090000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt01500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt01500
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0106409
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0106409
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt015824
IRS990/GrossReceiptsAmt0101167
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt04
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt065188
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt065188
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0669695
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01698947
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION WAS ESTABLISHED BY THE BOARD OF TRUSTEES OF CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC. (CHELCO) TO SERVE AS A PHHILANTHROPIC AGENCY TO ASSIST INDIVIDUALS AND ORGANIZATIONS IN THE LOCAL COMMUNITY AS WELL AS ACROSS THE NATION AND THROUGHOUT THE WORLD. DONATIONS MADE TO THE FOUNDATION ARE MADE VOLUNTARILY BY EMPLOYEES AND OTHERS WHO WISH TO SUPPORT CHELCO'S COMMUNITY OUTREACH, WHICH INCLUDES ITEMS LIKE SCHOLARSHIPS AND GRANTS FOR CHARITABLE ORGANIZATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01971646
IRS990/NetAssetsOrFundBalancesEOYAmt01976258
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt015824
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt015824
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-10
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-10
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt026910
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt076
IRS990/OfficeExpensesGrp/TotalAmt076
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09387
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEPHEN RHODES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0INITIATIVES DESIGNED TO BENEFIT LOCAL CHARITABLE ORGANIZATIONS, INCLUDING AMERICAN CANCER SOCIETY, AMERICAN HEART ASSOCIATION, EMERALD COAST AUTISM CENTER, AND MATRIX COMMUNITY CHRISTMAS PROGRAM, REFLECTING THE FOUNDATION'S COMMITMENT TO COMMUNITY SERVICE AND SOCIAL RESPONSIBILITY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt016409
IRS990/ProgSrvcAccomActy2Grp/GrantAmt016409
IRS990/ProgSrvcAccomActy3Grp/Desc0PROGRAMS SPECIFICALLY DESIGNED TO SUPPORT CHELCO EMPLOYEES AND THEIR FAMILIES, INCLUDING COLLEGE SCHOLARSHIPS AND OTHER ASSISTANCE AS NEEDED.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01500
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01151712
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt011635
IRS990/PYInvestmentIncomeAmt042360
IRS990/PYOtherExpensesAmt012232
IRS990/PYOtherRevenueAmt013080
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01183285
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt023867
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01207152
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-22298
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01971646
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01976258
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01118787
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014631
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01161513
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0721532
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01897676
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt065188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt042360
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02762
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0110310
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94510
IRS990ScheduleA/PublicSupportPY170Pct00.97660
IRS990ScheduleA/PublicSupportTotal170Amt01897676
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt014631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01161513
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0721532
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01897676
IRS990ScheduleA/TotalSupportAmt02007986
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0629592
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt11069355
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MORGAN STANLEY
IRS990ScheduleD/OtherSecuritiesGrp/Desc1HOMESTEAD
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt01698947
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt090000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE ASSISTANCE TO VARIOUS ORGANIZATIONS: THE FOUNDATION DONATES TO UNITED WAY, AND UNITED WAY USES THEIR SELECTION CRITERIA TO SELECT GRANT RECIPIENTS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNITED WAY
IRS990ScheduleI/RecipientTable/RecipientEIN0590972293
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0112 TUPELO AVE SE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0FORT WALTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0FL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd032548
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt12035
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0455067
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1182633
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt0339318
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt130482
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt014711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt114711
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt041851
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt113199
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHEN RHODES DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ROBIN SHAW DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0COMP IS NOT PAID BY THE FOUNDATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COMP IS NOT PAID BY THE FOUNDATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0851634
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1243060
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEPHEN RHODES, WHO SERVES ON THE FOUNDATION'S BOARD OF TRUSTEES, IS CEO AT CHELCO. ROBIN SHAW, WHO SERVES ON THE FOUNDATION'S BOARD OF TRUSTEES, IS VP OF FINANCE AT CHELCO. ALL OTHER BOARD MEMBERS, GERALD EDMONDSON, BRADY BEARDEN, AND GAYLE HUGHES, ALSO SERVE AS BOARD OF TRUSTEE MEMBERS AT CHELCO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE TAX RETURN AT A REGULAR MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION'S RELATED PARTY, CHELCO, HAS ESTABLISHED SEVERAL INTERNAL POLICIES (WRITTEN) INCLUDING CONFLICT OF INTEREST POLICY. ALL OF THE EMPLOYEES AND TRUSTEES AT CHELCO AND THE FOUNDATION ARE REQUIRED TO FOLLOW THE POLICIES. THE POLICIES ARE ACCESSIBLE IN POLICY TECH (AN ONLINE PORTAL) AND SET TO BE REVIEWED AND UPDATED PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE COMPENSATION REPORTED ON THIS SCHEDULE WAS PAID BY THE ORGANIZATION'S RELATED PARTY THE CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII, SECTION A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0593508830
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROVIDES UNDERGROUND INSTALLATION AND RIGHT OF WAY CLEARING SERVICES.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SOUTHLAND UTILITY SERVICES INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0555 US HWY 331 N
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0DEFUNIAK SPRINGS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd032433
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CHOCTAWHATCHEE ELECTRIC COOPERATIVE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0590192831
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(12)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ELECTRIC COOPERATIVE PROVIDING ELECTRICITY TO MEMBERS.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 512
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DEFUNIAK SPRINGS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0FL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0324350512
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01971646
IRS990/TotalAssetsEOYAmt01976258
IRS990/TotalAssetsGrp/BOYAmt01971646
IRS990/TotalAssetsGrp/EOYAmt01976258
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt014631
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05522
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0112409
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117931
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01971646
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01976258
IRS990/TotalOtherCompensationAmt0399222
IRS990/TotalProgramServiceExpensesAmt0112409
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt081002
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095633
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01971646
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01976258
IRS990/TotReportableCompRltdOrgAmt0757702
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 512
IRS990/USAddress/CityNm0DEFUNIAK SPRINGS
IRS990/USAddress/StateAbbreviationCd0FL

Document Assets

No mirrored PDF or thumbnail assets are attached yet.