Aiken Electric Trust in Aiken, South Carolina (SC)
Table of contents:
| Aiken Electric Trust | |
| Employer Identification Number (EIN) | 571109736 |
| Name of Organization | Aiken Electric Trust |
| Address | PO BOX 417, Aiken, SC 29802-0417 |
| Subsection | Charitable Organization |
| Ruling Date | 11/2001 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 05/2014 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $61,638 |
| Amount of Income | $51,473 |
| Form 990 Revenue Amount | $51,473 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2014: $51,473 (it was $59,521 in 2013)
| Aiken Electric Trust: | $51,473 |
| Other organizations performing similar types of work: | $107,502 |
Assets in 2014: $61,638 (it was $80,771 in 2013)
| This organization: | $61,638 |
| Other organizations performing similar types of work: | $322,766 |
Expenses in 2014: $70,606
| Aiken Electric Trust: | $70,606 |
| Other organizations performing similar types of work: | $58,249 |
Income to expenses ratio in 2014: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 2.0 |
Grants share in income in 2014: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 98.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total revenue | $46,381 | $59,521 | $51,473 |
| Contributions, gifts, grants, and similar amounts received | $46,381 | $59,521 | $51,473 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $55,746 | $67,592 | $70,606 |
| Total net assets | $88,842 | $80,771 | $61,638 |
| Excess/Deficit for the year | $-9,365 | $-8,071 | $-19,133 |
| Net assets or fund balances at beginning of year | $98,207 | $88,842 | $80,771 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $80,771 | $61,638 | |
| Balance Sheets | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Total assets | $88,842 | $80,771 | $61,638 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $88,842 | $80,771 | $61,638 |
| Other Information | |||
| 2012 | 2013 | 2014 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $263,229 |
| Subtotal Support | $263,229 |
| Gifts, grants, contributions, and membership fees received | $263,229 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $263,229 |
| Public Support | $263,229 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The Jpb Foundation | 9 West 57th St 38th Fl, New York, NY 10019-2701 | NY | 2012-01 | $2,423,718,336 |
| 2 | Speedwell Foundation | 2 Gibbes St, Charleston, SC 29401-2302 | SC | 2000-12 | $9,470,381 |
| 3 | Intertech Group Foundation Inc | 4838 Jenkins Ave, N Charleston, SC 29405-4816 | SC | 2004-10 | $2,507,108 |
| 4 | Rhodenbaugh Foundation | 5 Beacon Dr, Salem, SC 29676-4318 | SC | 2001-05 | $212,988 |
| 5 | Spectle Foundation | 47 Hamiltons Ferry Rd, Lake Wylie, SC 29710-8980 | SC | 1999-03 | $196,606 |
| 6 | Citizens Building & Loan Charitable Foundation | 229 Trade St, Greer, SC 29651-3429 | SC | 1999-12 | $169,443 |
| 7 | Earth | 66 Brams Point Rd, Hilton Head, SC 29926-2003 | SC | 2005-06 | $159,444 |
| 8 | Palmetto Farms Foundation, Cunningham Dixon C & Eudora M Ttee | 101 Fernwood Ln, Greenville, SC 29607-1717 | SC | 1999-07 | $137,636 |
| 9 | Columbia Jewish Foundation Inc | 2711 Middleburg Dr Ste 213, Columbia, SC 29204-2486 | SC | 2001-09 | $120,373 |
| 10 | F N Cecchini Foundation, Cecchini Frederick N Ttee | 429 Press Lindler Rd, Columbia, SC 29212-8322 | SC | 1999-03 | $76,850 |
| 11 | Tee Off Fore A Cause | 3617 Kingsley Drive, Myrtle Beach, SC 29588 | SC | 2010-04 | $75,567 |
| 12 | Julia Porter Scurry Family Foundation | PO BOX 1547, Greenwood, SC 29648-1547 | SC | 2000-08 | $56,092 |
| 13 | Aiken Electric Trust | PO BOX 417, Aiken, SC 29802-0417 | SC | 2001-11 | $51,473 |
| 14 | Eloise C Snyder Foundation | 308 W Springs Rd, Columbia, SC 29223-6937 | SC | 1999-08 | $15,535 |
| 15 | Fred And Jean Reed Foundation | 51 Club Forest Ln, Greenville, SC 29605-3153 | SC | 2001-02 | $84 |
| 16 | William & Jane Schloss Family Foundation | 1312 Village Harbor Dr, Lake Wylie, SC 29710-9095 | SC | 2000-09 | $4 |
| 17 | Grant Peacock Family Foundation | 324 S Main St, Greenville, SC 29601-2606 | SC | 2002-05 | $1 |
| 18 | Montgomery Family Foundation | 6732 Cary Ln, Columbia, SC 29206-1701 | SC | 2011-03 | $1 |
| 19 | Choppee School Alumni Association | PO BOX 2467, Georgetown, SC 29442-2467 | SC | 2002-10 | $0 |
| 20 | South Carolina Association Of Reconstruction Specialists | Po Box 157, Pacolet, SC 29372 | SC | 1999-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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