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Slemco Electric Foundation FY2022 filing

Tax-deductible

Lafayette, LA501(c)(3)Since 1994Human Services EIN 72-1284021Revenue $482K in FY2022

On file with the IRSPo Box 90866, 70509-0866 · Lafayette, LATax-exempt since Jun 1995Publicly supported charity — 170(b)(1)(A)(vi)

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Distribution of charitable donations

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $27K a year · 6% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$28K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$482K
+2% vs prior year
Spent
$487K
To programs
71%
Net assets
$106K
By yearFY2020–FY2025
Revenue
$482K
FY2022▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$461K
FY2021$471K
FY2022$482K
FY2023$503K
FY2024$506K
FY2025$521K
Expenses
$487K
FY2022▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$466K
FY2021$465K
FY2022$487K
FY2023$477K
FY2024$515K
FY2025$370K
Net assets
$106K
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$105K
FY2021$111K
FY2022$106K
FY2023$132K
FY2024$123K
FY2025$275K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $344K Management & general 29% · $143K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
David Simon
President
$0Pt VII · Sec A
Bryan Leonards SR
Secretary/Tr
$0Pt VII · Sec A
Gary Smith
Director
$0Pt VII · Sec A
Blue Rolfes
Director
$0Pt VII · Sec A
Don Resweber
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Glenn Weber
Director
$0Pt VII · Sec A
See Slemco Electric Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes charitable donations to those in need.

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Provided by the organization

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1 program · $344K · in their own filed words · FY2022
01

This organization shall receive funds from the membership of southwest louisiana electric membership corporation and from other sources as deemed appropriate by the organizations' board of directors.

$344Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 27 grants · $2.1M · 2020–2025
Unitemized GrantFY2025$158,501
Unitemized GrantFY2025$87,168
Unitemized GrantFY2025$8,000
Unitemized GrantFY2025$2,900
Unitemized GrantFY2024$246,858
Unitemized GrantFY2024$142,042
Unitemized GrantFY2024$12,904
Unitemized GrantFY2023$182,149
Unitemized GrantFY2023$166,747
Unitemized GrantFY2023$19,153
Unitemized GrantFY2023$2,300
Unitemized GrantFY2022$234,648
Unitemized GrantFY2022$73,772
Unitemized GrantFY2022$28,270
Unitemized GrantFY2022$4,850
Unitemized GrantFY2022$1,277
Unitemized GrantFY2022$780
Unitemized GrantFY2021$208,535
See all 27 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$482K
Ln 12
Gifts and grantsLn 1h$481K
Investment incomeLn 3$706
Money outPt IX
$487K
Ln 25
Programscol B$344K
Managementcol C$143K
Owns and owesPt X
$106K
net assets · Ln 32
Cash and savingsLn 1–2$94K
Total assetsLn 16$135K
LiabilitiesLn 26$28K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$481K
Investment incomeLn 3$706
Total revenueLn 12$482K
Assets in detailPt X, end of year
CashLn 1$40K
SavingsLn 2$53K
Cash and savings togetherLn 1–2$94K
Total assetsLn 16$135K
LiabilitiesLn 26$28K
Net assetsLn 32$106K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$108K$94K
Total assetsLn 16$148K$135K
LiabilitiesLn 26$37K$28K
Net assetsLn 32$111K$106K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$344K$344K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$2K$2K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$116K$116K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$487K$344K$143K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $521K$370K$151K$275K 990 PDF
FY2024 $506K$515K−$9K$123K 990 PDF
FY2023 $503K$477K$26K$132K 990 PDF
FY2022 Viewing $482K$487K−$5K$106K 990 PDF
FY2021 $471K$465K$6K$111K 990 PDF
FY2020 $461K$466K−$5K$105K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $481,756 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $470,849$481,050
I-9 Program service revenue$0
I-10 Investment incomePrior year $12$706
I-11 Other revenue$0
I-12 Total revenuePrior year $470,861$481,756
I-13 Grants and similar amounts paidPrior year $341,288$343,597
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $123,629$142,922
I-18 Total expensesPrior year $464,917$486,519
I-19 Revenue less expensesPrior year $5,944−$4,763
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $481,756 across 4 lines filed
VIII-1f All other contributions, gifts and grants$481,050
VIII-1h Total contributions, gifts and grants$481,050
VIII-3 Investment incomeExcluded from tax $706$706
VIII-12 Total revenueExcluded from tax $706$481,756
Part IX · Statement of functional expenses $486,519 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $343,597$343,597
IX-11b Legal feesManagement $8,984$8,984
IX-11c Accounting feesManagement $4,420$4,420
IX-13 Office expensesManagement $1,794$1,794
IX-23 InsuranceManagement $10,000$10,000
IX-24 Other expenses (24a–d)Management $116,089$116,089
IX-24e All other expensesManagement $1,635$1,635
IX-25 Total functional expensesPrograms $343,597 · Management $142,922 · Fundraising $0$486,519
Part X · Balance sheet $134,568 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $55,355$40,223
X-2 Savings and temporary cash investmentsStart of year $52,725$53,430
X-4 Accounts receivableStart of year $39,900$40,565
X-9 Prepaid expenses and deferred chargesStart of year $350$350
X-16 Total assetsStart of year $148,330$134,568
X-18 Grants payableStart of year $4,850$2,474
X-25 Other liabilitiesStart of year $30,971$25,598
X-26 Total liabilitiesStart of year $37,071$28,072
X-27 Net assets without donor restrictionsStart of year $111,259$106,496
X-32 Total net assets or fund balancesStart of year $111,259$106,496
X-33 Total liabilities and net assetsStart of year $148,330$134,568
Part XI · Reconciliation of net assets $106,496 net assets at year end
XI-1 Total revenue$481,756
XI-2 Total expenses$486,519
XI-3 Revenue less expenses−$4,763
XI-4 Net assets at start of year$111,259
XI-10 Net assets at end of year$106,496

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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