Public Charity

THE CHELCO FOUNDATION INC

Based in DEFUNIAK SPRINGS, FL, THE CHELCO FOUNDATION INC operates as a Public Charity. The organization reported $96K in revenue, $118K in expenses, $2.0M in total assets for fiscal year 2024. Imperigo tracks 5 reported grants from this foundation totaling approximately $101K.

EIN: 821794757 DEFUNIAK SPRINGS, FL Latest filing: 2024
Total Revenue$96K
Total Expenses$118K
Total Assets$2.0M
Grants Given5
Grant Total$101K
Filing Years2022–2024

Mission

THE ORGANIZATION WAS ESTABLISHED BY THE BOARD OF TRUSTEES OF CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC. (CHELCO) TO SERVE AS A PHHILANTHROPIC AGENCY TO ASSIST INDIVIDUALS AND ORGANIZATIONS IN THE LOCAL COMMUNITY AS WELL AS ACROSS THE NATION AND THROUGHOUT THE WORLD. DONATIONS MADE TO THE FOUNDATION ARE MADE VOLUNTARILY BY EMPLOYEES AND OTHERS WHO WISH TO SUPPORT CHELCO'S COMMUNITY OUTREACH, WHICH INCLUDES ITEMS LIKE SCHOLARSHIPS AND GRANTS FOR CHARITABLE ORGANIZATIONS.

Sample Grants Given

FORT WALTON, FL · 2024
TO PROVIDE ASSISTANCE TO VARIOUS ORGANIZATIONS: THE FOUNDATION DONATES TO UNITED WAY, AND UNITED WAY USES THEIR SELECTION CRITERIA TO SELECT GRANT RECIPIENTS.
$90,000
HAGERSTOWN, MD · 2022
DONATION
$3,000
METAIRIE, LA · 2022
DONATION
$3,000
NICEVILLE, FL · 2022
DONATION
$3,000
DEFUNIAK SPRINGS, FL · 2022
COMMUNITY CHRISTMAS
$2,000

Showing up to 5 of 5 total records — full history available with membership.

Officers & Directors

COMP IS NOT PAID BY THE FOUNDATION Brady Bearden Vice-President
COMP IS NOT PAID BY THE FOUNDATION Gayle Hughes Secretarytreasurer
COMP IS NOT PAID BY THE FOUNDATION Gerald Edmondson President
COMP IS NOT PAID BY THE FOUNDATION Robin Shaw Director
COMP IS NOT PAID BY THE FOUNDATION Stephen Rhodes Director

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO PROVIDE ASSISTANCE TO VARIOUS ORGANIZATIONS: THE FOUNDATION DONATES TO UNITED WAY, AND UNITED WAY USES THEIR SELECTION CRITERIA TO SELECT GRANT RECIPIENTS.
$90,000 1 grant
DONATION
$9,000 3 grants
COMMUNITY CHRISTMAS
$2,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $96K $118K $2.0M
2023 $1.2M $24K $2.0M
2022 $724K $19K $711K

Between 2022 and 2024, reported annual revenue declined from $724K to $96K (-87%), with total assets most recently reported at $2.0M.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in FL, LA, MD.

FLLAMD

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for THE CHELCO FOUNDATION INC

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