PALMETTO ELECTRIC TRUST: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PALMETTO ELECTRIC TRUST (EIN 57-0931978)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-02
- IRS object ID
- 202213069349300311
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-02T08:20:17-04:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 581094351 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | POST OFFICE BOX ONE | AddressLine1Txt |
| City | MACON | CityNm |
| State Abbreviation | GA | StateAbbreviationCd |
| ZIP | 312020001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 570931978 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PALMETTO ELECTRIC TRUST | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PALM | BusinessNameControlTxt |
| Phone | 8437265551 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4063 GRAYS HWY | AddressLine1Txt |
| City | RIDGELAND | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29936 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | A BERL DAVIS JR | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8437265551 | PhoneNum |
| Signature | 2022-10-28 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | ARCHIE | PersonFirstNm |
| Person Last | DAVIS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | H TERRELL MCMICHAEL JR | PreparerPersonNm |
| PTIN | P01259982 | PTIN |
| Phone | 4787466277 | PhoneNum |
| Preparation | 2022-11-02 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KIRK TAYLOR | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4063 GRAYS HWY | AddressLine1Txt |
| City | RIDGELAND | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29936 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $430,808 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1989 | FormationYr |
| Legal Domicile State | SC | LegalDomicileStateCd |
| Activity Or Mission | CHARITABLE FUNDRAISING SERVICES FOR WORTHWHILE COMMUNITY ACTIVITIES BY ROUNDING UP ELECTRIC BILLS TO AN EVEN DOLLAR AMOUNT, WITH DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $499,091 | PYContributionsGrantsAmt |
| CY Contributions Grants | $430,273 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $906 | PYInvestmentIncomeAmt |
| CY Investment Income | $535 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $499,997 | PYTotalRevenueAmt |
| CY Total Revenue | $430,808 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $546,761 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $271,640 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,077 | PYOtherExpensesAmt |
| CY Other Expenses | $8,083 | CYOtherExpensesAmt |
| PY Total Expenses | $552,838 | PYTotalExpensesAmt |
| CY Total Expenses | $279,723 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$52,841 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $151,085 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $453,176 | TotalAssetsBOYAmt |
| Total Assets EOY | $604,261 | TotalAssetsEOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $453,176 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $604,261 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CHARITABLE FUNDRAISING SERVICES FOR WORTHWHILE COMMUNITY ACTIVITIES BY ROUNDING UP ELECTRIC BILLS TO AN EVEN DOLLAR AMOUNT, WITH DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $270,828 | ExpenseAmt |
| Grant | $262,745 | GrantAmt |
| Desc | PALMETTO ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $8,895 | ExpenseAmt |
| Grant | $8,895 | GrantAmt |
| Desc | PALMETTO ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $8,895 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $8,895 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $279,723 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | false | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TANYA TRULL VP FINANCE | PersonNm |
| Phone | 8039432211 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4063 GRAYS HWY | AddressLine1Txt |
| City | RIDGELAND | CityNm |
| State Abbreviation | SC | StateAbbreviationCd |
| ZIP | 29936 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| KIRK TAYLOR | ||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JANNIE BARNES | ||||||
| VICE CHAIRMA | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CINDY SWAILE | ||||||
| SECRETARY/TR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LINDA FERGUSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ANNIE GOODMAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ERNIE AVANT | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| STEPHEN E DELOACH | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| DEBORAH S GOVAN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUSAN JOHNSON | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MARK BERGLIND | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN TIGNOR | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $430,273 | AllOtherContributionsAmt |
| Total Contributions | $430,273 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $535 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $535 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $430,808 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $535 | RelatedOrExemptFuncIncomeAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $220,443 | TotalAmt |
| Program Services | $220,443 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,197 | TotalAmt |
| Program Services | $51,197 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,083 | TotalAmt |
| Program Services | $8,083 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $279,723 | TotalAmt |
| Program Services | $279,723 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $418,910 | BOYAmt |
| EOY | $537,180 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,266 | BOYAmt |
| EOY | $67,081 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,176 | BOYAmt |
| EOY | $604,261 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,176 | BOYAmt |
| EOY | $604,261 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,176 | BOYAmt |
| EOY | $604,261 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $453,176 | BOYAmt |
| EOY | $604,261 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $151,085 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $383,137 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $388,583 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $411,697 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $499,091 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $430,273 | CurrentTaxYearAmt |
| Total | $2,112,781 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $383,137 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $388,583 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $411,697 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $499,091 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $430,273 | CurrentTaxYearAmt |
| Total | $2,112,781 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $2,112,781 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,877 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,527 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,489 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $906 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $535 | CurrentTaxYearAmt |
| Total | $6,334 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $2,119,115 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,930 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.99700 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99640 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Rev Etc Audited Fincl Stmt | $439,413 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $8,605 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $8,605 | RevenueNotReportedAmt |
| Revenue Subtotal | $430,808 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $430,808 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $288,328 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $8,605 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $8,605 | ExpensesNotReportedAmt |
| Expenses Subtotal | $279,723 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $279,723 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (17 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Cash GrantCashGrantAmt | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Business Name Line2RecipientBusinessName/BusinessNameLine2Txt |
|---|---|---|---|---|---|---|---|
| OTHER COMMUNITY ASSISTANCE | |||||||
| 4063 GRAYS HWY | RIDGELAND | SC | 29936 | $34,508 | |||
| JASPER COUNCIL ON AGING | |||||||
| 444 WISE STREET | RIDGELAND | SC | 29936 | $20,000 | 570564656 | 501C 3 | |
| LOWCOUNTRY FOOD BANK | |||||||
| 2864 AZALEA DR | N CHARLESTON | SC | 29405 | $15,000 | 570751835 | 501C 3 | |
| MEALS ON WHEELS | |||||||
| PO BOX 23691 | HILTON HEAD ISLAND | SC | 29925 | $15,000 | 570691109 | 501C 3 | BLUFFTON-HILTON HEAD INC |
| AMERICAN RED CROSS - LOW COUNTRY | |||||||
| 2424-A CITY HALL LANE | NORTH CHARLESTON | SC | 29406 | $12,500 | 530196605 | 501C 3 | |
| REAL CHAMPIONS INC | |||||||
| 82 HERITAGE PARKWAY | BLUFFTON | SC | 29910 | $12,480 | 813956956 | 501C 3 | |
| PROGRAMS FOR EXCEPTIONAL PEOPLE | |||||||
| 39 SHERIDAN PARK CIRCLE SUITE 2 | BLUFFTON | SC | 29910 | $12,000 | 571036680 | 501C 3 | |
| SANDALWOOD COMMUNITY FOOD PANTRY | |||||||
| PO BOX 5061 | HILTON HEAD ISLAND | SC | 29938 | $12,000 | 272766571 | 501C 3 | |
| COASTAL CAROLINA COUNCIL INC | |||||||
| 9297 MEDICAL PLAZA DRIVE | N CHARLESTON | SC | 29406 | $11,000 | 570327870 | 501C 3 | |
| BLUFFTON SELF HELP INC | |||||||
| 39 SHERIDAN PARK CIRCLE | BLUFFTON | SC | 29910 | $10,000 | 570862658 | 501C 3 | |
| BOYS AND GIRLS CLUB OF HILTON HEAD | |||||||
| 151 GUMTREE RD | HILTON HEAD ISLAND | SC | 29926 | $10,000 | 570811876 | 501C 3 | |
| COMMUNITY FOUNDATION OF LOWCOUNTRY | |||||||
| 4 NORTHRIDGE DR SUITE A | HILTON HEAD ISLAND | SC | 29925 | $10,000 | 570756987 | 501C 3 | |
| HELPING HAND CENTER INC | |||||||
| 1263 COHEN ROAD | PINELAND | SC | 29934 | $10,000 | 800751064 | 501C 3 | |
| THE CHILDREN'S CENTER | |||||||
| 8 NATURES WAY | HILTON HEAD ISLAND | SC | 29926 | $10,000 | 570485356 | 501C 3 | |
| STAYING CONNECTED - SUN CITY | |||||||
| PO BOX 1281 | BLUFFTON | SC | 29910 | $9,500 | 465548635 | 501C 3 | |
| ROYAL LIVE OAKS ACADEMY | |||||||
| 400 JOHN SMITH RD | HARDEEVILLE | SC | 29927 | $8,895 | 453046654 | 501C 3 | |
| LOWCOUNTRY AUTISM | |||||||
| PO BOX 31874 | CHARLESTON | SC | 29417 | $7,560 | 260805420 | 501C 3 | |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | INDIVIDUAL & FAM. ASSIST. | GrantTypeTxt |
| Recipient | 25 | RecipientCnt |
| Cash Grant | $51,197 | CashGrantAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | CHARITABLE FUNDRAISING SERVICES FOR WORTHWHILE COMMUNITY ACTIVITIES BY ROUNDING UP ELECTRIC BILLS TO AN EVEN DOLLAR AMOUNT, WITH DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC. |
| FORM 990, PAGE 2, PART III, LINE 4D | PALMETTO ELECTRIC TRUST WAS FORMED TO PROVIDE FINANCIAL ASSISTANCE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF PALMETTO ELECTRIC COOPERATIVE, INC. |
| FORM 990, PAGE 6, PART VI, LINE 11B | FORM 990 IS REVIEWED BY THE BOARD WILL ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE TRUST REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICIES AS PROVIDED FOR IN ITS POLICIES. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE TRUST MAKES ITS BYLAWS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AS PART OF ITS FORM 990. THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18. |