Civic Intelligence

Brazos Electric Rate Payer Hardship Fund

EIN 88-6793004 • 501(c)4 • Waco, TX

Profile

The principal purpose of the trust is to mitigate the impact of the february 2021 winter storm uri-related securitization charges on low income cooperative ratepayers of the participating 15 brazos electric member cooperatives in this trust.

7616 Bagby AvenueWaco, TX 76712

www.brazoshardshipfund.com

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

27th percentile

0.06x

Higher debt load relative to revenue than 27% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Net Margin

78th percentile

47%

Higher net margin than 78% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

38th percentile

1.4%

Faster asset growth than 38% of similar nonprofits.

501(c)4 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-46%

Faster revenue growth than 4% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$145,632,591

Up $2,071,554 (+1.4%) from 2023

Liabilities

Down

$80,777

Down $18,723 (-19%) from 2023

Net Assets

Up

$145,551,814

Up $2,090,277 (+1.5%) from 2023

Operations
Liabilities / Revenue27th percentileNet Margin78th percentile

Revenue

Down

$1,290,362

Down $1,082,932 (-46%) from 2023

Expenses

Down

$688,362

Down $34,733 (-4.8%) from 2023

Net Income

Down

$602,000

Down $1,048,199 (-64%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth38th percentile

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

$150M$100M$50M$0Assets 2022: $140,224,200Liabilities 2022: $61,150Net Assets 2022: $140,163,0502022Assets 2023: $143,561,037Liabilities 2023: $99,500Net Assets 2023: $143,461,5372023Assets 2024: $145,632,591Liabilities 2024: $80,777Net Assets 2024: $145,551,8142024

Highlighted filing

2024

Assets$145,632,591
Liabilities$80,777
Net Assets$145,551,814
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

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

$150M$100M$50M$0Revenue 2022: $140,224,200Expenses 2022: $61,150Net Income 2022: $140,163,0502022Revenue 2023: $2,373,294Expenses 2023: $723,095Net Income 2023: $1,650,1992023Revenue 2024: $1,290,362Expenses 2024: $688,362Net Income 2024: $602,0002024

Highlighted filing

2024

Revenue$1,290,362
Expenses$688,362
Net Income$602,000
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$145,632,591
Liabilities
$80,777
Net assets
$145,551,814
Revenue
$1,290,362
Expenses
$688,362
Net income
$602,000
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$146$0.08$146$1.29$0.69$0.60
2023Detailed filing. Detailed filing data is available for this year.$144$0.10$143$2.37$0.72$1.65
2022Detailed filing. Detailed filing data is available for this year.$140$0.06$140$140$0.06$140
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 20, 2025
Return Version
2024v5.2
Gross Receipts
$1,290,362
Mission and Program Overview

Mission

The principal purpose of the trust is to mitigate the impact of the february 2021 winter storm uri-related securitization charges on low income cooperative ratepayers of the participating 15 brazos electric member cooperatives in this trust.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$143,482,847$145,591,261▲ $2,108,414
Prepaid Expenses and Deferred Charges$3,197$3,378▲ $181
Total Assets$143,561,037$145,632,591▲ $2,071,554
Other Assets Total$74,993$37,952▼ $37,041
Liabilities
Accounts Payable and Accrued Expenses$99,500$80,777▼ $18,723
Total Liabilities$99,500$80,777▼ $18,723
Net Assets / Fund Balance
Net Assets With Donor Restrictions$143,461,537$145,551,814▲ $2,090,277
Total Net Assets Fund Balance$143,461,537$145,551,814▲ $2,090,277
Total Liabilities and Net Assets / Fund Balance$143,561,037$145,632,591▲ $2,071,554
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Paula FarquharPresident
Russell YoungVice President
Jim BatesTrustee
Justin StapletonTrustee
Ryan FuhrmannTrustee
Stephen MeersTrustee
Jill SadberrySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Solix INCEligibility Program Admin10 LANIDEX PLAZA WEST STE 300, Parsippany, NJ 07054$223,165
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,290,362
Other Revenue
$0
Change in Net Assets
$602,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,179,355
Revenue Not Reported on Financial Statements
$111,007
Revenue Not Reported on Form 990
$1,488,277
Total Revenue per Audited Statements
$2,667,632
Total Revenue per Form 990
$1,290,362
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$434,479
Grants and Similar Amounts Paid$253,883
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$253,883--$253,883
Fees for Services Other$223,165--$223,165
Fees for Service Investment Mgmnt Fees-$111,007-$111,007
Fees for Services Accounting-$46,487-$46,487
Insurance-$31,820-$31,820
Advertising$19,969--$19,969
Fees for Services Legal-$2,031-$2,031
Total Functional Expenses$497,017$191,345$0$688,362

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$688,362
Expenses per Audited Statements$577,355
Total Expenses per Audited Statements$577,355
Expenses Not Reported on Financial Statements$111,007
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Prior to filing the form 990 was reviewed by the board of trustees.”

Form 990, Part VI, Section C, Line 19

“The governing documents and audited financial statements are available for viewing by the public at the organization's office in waco, tx.”

Filing and Contact Details

Filer

Filer Name
Brazos Electric Rate Payer Hardship Fund
EIN
88-6793004
Phone
7136513770
Address
7616 BAGBY AVENUE, WACO, TX 76712

Signing Officer

Name
Russell Young
Title
President
Phone
7136513770
Signed
2025-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Russell Young
Formed
2022
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Bolinger Segars Gilbert and Moss Llp
Address
8215 NASHVILLE AVENUE, LUBBOCK, TX 79423
Preparer
Matt R Willis
Phone
8067473806
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Solix - eligibility implementation: program service expenses 223,165. Management and general expenses 0. Fundraising expenses 0. Total expenses 223,165.”

Form 990, Part XII, Line 2C

“The board of trustees have assigned members to an audit committee to oversee the financial statement audit and select the independent financial statement auditor.”

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted the uncertain tax positions provisions of accounting principles generally accepted in the united states of america. The primary tax position of the organization is its filing status as a tax-exempt entity. The organization determined that it is more likely than not that its tax positions will be sustained upon examination by the internal revenue service, or other state taxing authorities. There were no penalties or interest recognized during the year ended december 31, 2024.”

Raw XML Appendix326 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/AccountsPayableAccrExpnssGrp/BOYAmt099500
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt080777
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE PRINCIPAL PURPOSE OF THE TRUST IS TO MITIGATE THE IMPACT OF THE FEBRUARY 2021 WINTER STORM URI-RELATED SECURITIZATION CHARGES ON LOW INCOME COOPERATIVE RATEPAYERS OF THE PARTICIPATING 15 BRAZOS ELECTRIC MEMBER COOPERATIVES IN THIS TRUST.
IRS990/AdvertisingGrp/ProgramServicesAmt019969
IRS990/AdvertisingGrp/TotalAmt019969
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KHAKI BORDOVSKY
IRS990/BooksInCareOfDetail/PhoneNum07136513770
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt07616 BAGBY AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0WACO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076712
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0223165
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt010 LANIDEX PLAZA WEST STE 300
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0PARSIPPANY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NJ
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd007054
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0SOLIX INC
IRS990/ContractorCompensationGrp/ServicesDesc0ELIGIBILITY PROGRAM ADMIN
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0253883
IRS990/CYInvestmentIncomeAmt01290362
IRS990/CYOtherExpensesAmt0434479
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0602000
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0688362
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01290362
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THERE ARE AN ESTIMATED 134,000 POTENTIALLY ELIGIBLE HOUSEHOLDS, BASED ON ELIGIBILITY CRITERIA , IN THE PARTICIPATING MEMBER COOPERATIVES (PMC) SERVICE AREA. CUSTOMERS MAY APPLY FOR THE BENEFITS THROUGH SOLIX, A THIRD PARTY SPECIALIZING IN ELIGIBILITY DETERMINATION, AND THOSE CUSTOMERS DEEMED ELIGIBLE WILL RECEIVE CREDITS FROM THE PMCS ON THEIR MONTHLY INVOICES FOR ELECTRIC SERVICE TO COVER SECURITIZATION CHARGES INCLUDED IN THOSE INVOICES. THE CREDITS ARE FUNDED FROM REIMBURSEMENTS THE HARDSHIP FUND PAYS THE PMCS AFTER THE LOW INCOME CUSTOMERS RECEIVE THE CREDIT ON THEIR BILLS. THE FUND WAS SET UP IN DECEMBER OF 2022 AND BEGAN DISBURSING FUNDS TO THE PMCS IN 2023. DURING 2024 APPROXIMATELY 1,409 PEOPLE RECEIVED BENEFITS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0143461537
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0145551814
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0497017
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt046487
IRS990/FeesForServicesAccountingGrp/TotalAmt046487
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02031
IRS990/FeesForServicesLegalGrp/TotalAmt02031
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0223165
IRS990/FeesForServicesOtherGrp/TotalAmt0223165
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0111007
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0111007
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0PAULA FARQUHAR
IRS990/Form990PartVIISectionAGrp/PersonNm1RUSSELL YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm2JILL SADBERRY
IRS990/Form990PartVIISectionAGrp/PersonNm3JIM BATES
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHEN MEERS
IRS990/Form990PartVIISectionAGrp/PersonNm5JUSTIN STAPLETON
IRS990/Form990PartVIISectionAGrp/PersonNm6RYAN FUHRMANN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02022
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0253883
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0253883
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0253883
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01290362
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt031820
IRS990/InsuranceGrp/TotalAmt031820
IRS990/InvestmentIncomeGrp/ExclusionAmt01290362
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01290362
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0143482847
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0145591261
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE PRINCIPAL PURPOSE OF THE TRUST IS TO MITIGATE THE IMPACT OF THE FEBRUARY 2021 WINTER STORM URI-RELATED SECURITIZATION CHARGES ON LOW INCOME COOPERATIVE RATEPAYERS OF THE PARTICIPATING 15 BRAZOS ELECTRIC MEMBER COOPERATIVES IN THIS TRUST.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0143461537
IRS990/NetAssetsOrFundBalancesEOYAmt0145551814
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01488277
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt074993
IRS990/OtherAssetsTotalGrp/EOYAmt037952
IRS990/OtherChangesInNetAssetsAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03197
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03378
IRS990/PrincipalOfficerNm0RUSSELL YOUNG
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0221952
IRS990/PYInvestmentIncomeAmt02373294
IRS990/PYOtherExpensesAmt0501143
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01650199
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0723095
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02373294
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0602000
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0111007
IRS990ScheduleD/ExpensesSubtotalAmt0577355
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0111007
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0111007
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01488277
IRS990ScheduleD/RevenueNotReportedAmt01488277
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0111007
IRS990ScheduleD/RevenueSubtotalAmt01179355
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED THE UNCERTAIN TAX POSITIONS PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ORGANIZATION IS ITS FILING STATUS AS A TAX-EXEMPT ENTITY. THE ORGANIZATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITIES. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEAR ENDED DECEMBER 31, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0688362
IRS990ScheduleD/TotalRevenuePerForm990Amt01290362
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02667632
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0577355
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0253883
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0ELECTRICITY BILL CREDITS GIVEN TO LOW INCOME RESIDENTIAL COOPERATIVE CUSTOMERS TO COVER THE COST OF RECENTLY ADDED BILL CHARGES DUE TO HIGH COSTS INCURRED DURING WINTER STORM URI IN 2021.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FUND HAS HIRED SOLIX INC. TO ADMINISTER THE PROGRAM AND CONFIRM THE APPLICANT'S ELIGIBILITY. THE APPLICATION CAN BE FOUND ON THE FUNDS WEBSITE BRAZOSHARDSIPFUND.COM. ELIGIBLE INDIVIDUALS RECEIVE ELECTRIC SERVICE FROM 1 OF THE 15 ELECTRIC COOPERATIVES WHO FORMED THE FUND, AND PARTICIPATE IN OR RECEIVE SNAP, MEDICAID, SUPPLEMENTAL SECURITY INCOME, TANF OR THEIR HOUSEHOLD INCOME IS BELOW 200% OF THE FEDERAL POVERTY LINE. GRANTS ARE USED TO PROVIDE BILL CREDITS TO ELIGIBLE LOW-INCOME INDIVIDUALS TO COVER THE COST OF RECENTLY ADDED CHARGES FROM THE HIGH COSTS INCURRED DURING WINTER STORM URI IN 2021. SUPPORT SUCH AS, MEDICAID NOTICE OF CASE ACTION LETTER, SNAP NOTICE OF CASE ACTION LETTER, SUPPLEMENTAL SECURITY INCOME AWARD LETTER, TANF AWARD LETTER, OR PROOF OF INCOME WILL BE REQUIRED TO QUALIFY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING THE FORM 990 WAS REVIEWED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE IN WACO, TX.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SOLIX - ELIGIBILITY IMPLEMENTATION: PROGRAM SERVICE EXPENSES 223,165. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 223,165.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF TRUSTEES HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0143561037
IRS990/TotalAssetsEOYAmt0145632591
IRS990/TotalAssetsGrp/BOYAmt0143561037
IRS990/TotalAssetsGrp/EOYAmt0145632591
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0191345
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0497017
IRS990/TotalFunctionalExpensesGrp/TotalAmt0688362
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt099500
IRS990/TotalLiabilitiesEOYAmt080777
IRS990/TotalLiabilitiesGrp/BOYAmt099500
IRS990/TotalLiabilitiesGrp/EOYAmt080777
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0143461537
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0145551814
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0497017
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01290362
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01290362
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0143561037
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0145632591
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt07616 BAGBY AVENUE
IRS990/USAddress/CityNm0WACO
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076712
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BRAZOSHARDSHIPFUND.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RUSSELL YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07136513770
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRAZOS ELECTRIC RATE PAYER HARDSHIP FUND
ReturnHeader/Filer/BusinessNameControlTxt0BRAZ
ReturnHeader/Filer/EIN0886793004
ReturnHeader/Filer/PhoneNum07136513770
ReturnHeader/Filer/USAddress/AddressLine1Txt07616 BAGBY AVENUE
ReturnHeader/Filer/USAddress/CityNm0WACO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076712
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0750882037
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOLINGER SEGARS GILBERT AND MOSS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt08215 NASHVILLE AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LUBBOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd079423
ReturnHeader/PreparerPersonGrp/PhoneNum08067473806
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-20
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATT R WILLIS
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-03T15:00:49-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.