Nonprofit · EIN 20-0832182
AEC FOUNDATION
Tax-exempt · CHEROKEE, OK 73728
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $43,557 | $40,418 | $3,139 | $44,282 | – | $44,282 |
| December 31, 2023 | 990-EZ | $39,248 | $46,340 | -$7,092 | $41,143 | – | $41,143 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $42,279
- Investment income
- $1,278
Expenses
- Grants and similar amounts paid
- $39,761
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $650
- Other expenses
- $7
- Program services (functional)
- $39,761
Balance sheet and other
- Total assets, start of year
- $41,143
- Total assets, end of year
- $44,282
- Total liabilities, end of year
- –
- Net assets, end of year
- $44,282
- Cash, savings and investments
- $44,282
- Gross receipts
- $43,557
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darrin Lancaster | Director | 0 | $0 |
| Terry Pederson | Vice President | 0 | $0 |
| Debbie Biby | President | 0 | $0 |
| Paul Jackson | Director | 0 | $0 |
| Stan Michael | Director | 0 | $0 |
| Keith Smith | Director | 0 | $0 |
| Cari Dietz | Director | 0 | $0 |
| Rob Daughhetee | Secretary | 0 | $0 |
| Gail Ridgway | Foundation Mgr. | 0 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darrin Lancaster | Director | 0 | $0 |
| Terry Pederson | Vice President | 0 | $0 |
| Debbie Biby | President | 0 | $0 |
| Paul Jackson | Director | 0 | $0 |
| Stan Michael | Director | 0 | $0 |
| Keith Smith | Director | 0 | $0 |
| Cari Dietz | Director | 0 | $0 |
| Rob Daughhetee | Secretary | 0 | $0 |
| Gail Ridgway | Foundation Mgr. | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 305 W 12TH ST, CHEROKEE, OK 73728-4015
- In care of
- % DONALD WESSELS
- Signed the 990-EZ
- Gail Ridgway, Foundation Manager
- Phone
- (580) 596-3333
- Return prepared by
- Terry Graham Inc
Mission
The disbursement of funds for charitable purposes in the service area of Alfalfa Electric Cooperative, Inc.
Program accomplishments
- Provided grants for 40 area nonprofit organizations.Expenses $35,700 · grants $35,700
- Provided grants for 4 area individuals in need.Expenses $4,061 · grants $4,061
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-0832182
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $44,282
- Income (IRS master file)
- $43,557
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $43,557 | $40,418 | $44,282 | IRS |
| 990-EZ | December 2023 | $39,248 | $46,340 | $41,143 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0832182).
Questions about AEC FOUNDATION
- What is the EIN of AEC FOUNDATION?
- The employer identification number (EIN) of AEC FOUNDATION is 20-0832182.
- Is AEC FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to AEC FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AEC FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of AEC FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AEC FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of AEC FOUNDATION?
- The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does AEC FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $43,557, expenses of $40,418 and total assets of $44,282 at year end.
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All nonprofits in CHEROKEE · Oklahoma · Philanthropy, voluntarism and grantmaking foundations