2024-08-12T09:51:48-05:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 742915182 SAN PATRICIO ELECTRIC EDUCATION TRUST SANP 3613642220 PO BOX 400 SINTON TX 78387 TOM MAYO TRUSTEE 3613642220 2024-05-22 1 1 MATT R WILLIS P00419741 8067473806 2024-05-22 X 2023 2024-08-08 14:25:15Z TOM MAYO PO BOX 400 SINTON TX 78387 185257 0 X SANPATRICIOELECTRIC.ORG/SCHOLARSHIP X 1999 TX TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO STUDENTS. 3 0 0 8 0 0 13501 20380 0 0 78885 164761 0 0 92386 185141 50500 52000 0 0 0 0 0 0 0 25532 24844 76032 76844 16354 108297 2763252 3080834 0 0 2763252 3080834 TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO HELP STUDENTS PURSUE HIGHER EDUCATION. 0 0 52000 52000 THE ORGANIZATION PAID OUT $52,000 IN SCHOLARSHIPS TO 36 DIFFERENT STUDENTS DURING THE TAX YEAR. THE SCHOLARSHIPS ARE PAID IN $500, 1,250 & $2,500 INCREMENTS PER SEMESTER. STUDENTS ARE REQUIRED TO MAINTAIN A MINIMUM OF 12 SEMESTER HOURS AND A MINIMUM 2.5 GRADE POINT AVERAGE FOR THE PREVIOUS SEMESTER. 52000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X TOM MAYO 3613642220 402 E SINTON STREET SINTON TX 78387 CLYDE STEWART TRUSTEE 1.00 7.90 X X 0 7800 0 TOM MAYO TRUSTEE 1.00 6.75 X X 0 8600 0 JIM BASSETT TRUSTEE 1.00 5.60 X X 0 6300 0 0 22700 0 0 0 0 0 0 20380 20380 91214 91214 73663 116 73547 73547 73547 185141 0 0 164761 52000 52000 22698 22698 MISCELLANEOUS EXPENSE 1617 1617 FOREIGN TAXES PAID 529 529 76844 52000 24844 0 35991 77755 2727261 3003079 2763252 3080834 0 0 X 0 0 0 0 2763252 3080834 2763252 3080834 2763252 3080834 108297 209285 0 X 0 0 0 X 41889 28329 3233 13501 20380 107332 41889 28329 3233 13501 20380 107332 107332 60155 43917 64126 61759 91214 321171 428503 0.25050 0.28990 X THE TRUST RECEIVES CAPITAL CREDIT FUNDS UNCLAIMED BY THE MEMBERS OF SAN PATRICIO ELECTRIC COOPERATIVE. THESE CONTRIBUTIONS ARE CONSIDERED TO BE FROM THE PUBLIC. THE TRUST HAS FALLEN BELOW THE 33 1/3% THRESHOLD FOR THE FIRST TIME IN ITS HISTORY BECAUSE NO TRANSFERS HAVE BEEN MADE IN THE PAST FEW YEARS. ON THE 2020 RETURN THE TRUST'S PERCENTAGE WAS 71.86%. ONCE THESE CONTRIBUTIONS START AGAIN THE TRUST WILL BE BACK OVER THE 33 1/3% THRESHOLD. 1 SCHOLARSHIPS TO STUDENTS FOR HIGHER EDUCATION 36 52000 PART I, LINE 2: THE TRUSTEES APPOINT A SCHOLARSHIP SELECTION COMMITTEE OF FIVE (5) INDIVIDUALS TO REVIEW THE SCHOLARSHIP APPLICATIONS AND SELECT THE NUMBER OF SCHOLARSHIP RECIPIENTS AS AUTHORIZED BY THE BOARD OF TRUSTEES. ALL SCHOLARSHIP APPLICANTS MUST HAVE PARENTS OR GUARDIANS SERVED BY SAN PATRICIO ELECTRIC COOPERATIVE, INC. AND ATTEND A SCHOOL IN ONE OF THE NINE (9) COUNTY AREAS IN SOUTH TEXAS SERVED BY THE UTILITY. ALL PERSONAL INFORMATION IS REMOVED FROM THE SCHOLARSHIP APPLICATIONS PRIOR TO BEING REVIEWED BY THE SCHOLARSHIP SELECTION COMMITTEE TO HELP REMOVE ANY UNDUE INFLUENCE AND ENSURE THAT EACH APPLICANT HAS EQUAL OPPORTUNITY WITHOUT REGARDS TO RACE, COLOR, NATIONAL ORIGIN, SEX, RELIGION, AGE OR DISABILITY. SELECTION CRITERIA INCLUDE; GRADE POINT AVERAGE, LEADERSHIP ABILITY, INVOLVEMENT IN EXTRACURRICULAR ACTIVITIES, AND FINANCIAL NEED. THE SCHOLARSHIPS ARE PAID $500 PER SEMESTER OVER 2 YEARS AND THE STUDENT MUST DEMONSTRATE THAT THEY WERE ENROLLED IN A MINIMUM OF TWELVE (12) SEMESTER HOURS WITH AN ACHIEVED MINIMUM 2.5 GRADE POINT AVERAGE FOR THE PREVIOUS SEMESTER TO BE ELIGIBLE FOR THE SECOND, THRID AND FOURTH $500 PAYMENTS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE TRUSTEES ARE PROVIDED A COPY OF THE FORM 990 FOR THEIR REVIEW. FORM 990, PART VI, SECTION C, LINE 19 FORMS 990 ARE AVAILABLE FOR PUBLIC INSPECTION DURING THE NORMAL BUSINESS HOURS AT THE PRINCIPAL OFFICE OF SAN PATRICIO ELECTRIC COOPERATIVE, INC. LOCATED AT 402 E SINTON ST, SINTON, TX 78387. ADDITIONALLY, A COPY OF THE FORM 990 CAN BE FURNISHED UPON REQUEST SUBJECT TO PAYMENT OF A COPY FEE. SAN PATRICIO ELECTRIC COOPERATIVE PO DRAWER 400 SINTON TX 78387 740880813 TO PROVIDE ELECTRIC SERVICE TO MEMBERS ON A COOPERATIVE BASIS. TX 501(C)(12) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0