2024-11-08T08:18:24-06:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 886793004 BRAZOS ELECTRIC RATE PAYER HARDSHIP FUND BRAZ 7136513770 7616 BAGBY AVENUE WACO TX 76712 PAULA FARQUHAR PRESIDENT 7136513770 2024-11-07 1 0 MATT R WILLIS P00419741 8067473806 2024-11-07 X 2023 2024-10-15 13:58:12Z PAULA FARQUHAR 7616 BAGBY AVENUE WACO TX 76712 2373294 0 X WWW.BRAZOSHARDSHIPFUND.COM X 2022 TX THE PRINCIPAL PURPOSE OF THE TRUST IS TO MITIGATE THE IMPACT OF THE FEBRUARY 2021 WINTER STORM URI-RELATED SECURITIZATION CHARGES ON LOW INCOME COOPERATIVE RATEPAYERS OF THE PARTICIPATING 15 BRAZOS ELECTRIC MEMBER COOPERATIVES IN THIS TRUST. 7 7 0 7 0 0 140000000 0 0 0 224200 2373294 0 0 140224200 2373294 0 221952 0 0 0 0 0 0 0 61150 501143 61150 723095 140163050 1650199 140224200 143561037 61150 99500 140163050 143461537 THE PRINCIPAL PURPOSE OF THE TRUST IS TO MITIGATE THE IMPACT OF THE FEBRUARY 2021 WINTER STORM URI-RELATED SECURITIZATION CHARGES ON LOW INCOME COOPERATIVE RATEPAYERS OF THE PARTICIPATING 15 BRAZOS ELECTRIC MEMBER COOPERATIVES IN THIS TRUST. 0 0 542715 221952 THERE ARE AN ESTIMATED 134,000 POTENTIALLY ELIGIBLE HOUSEHOLDS, BASED ON ELIGIBILITY CRITERIA , IN THE PARTICIPATING MEMBER COOPERATIVES (PMC) SERVICE AREA. CUSTOMERS MAY APPLY FOR THE BENEFITS THROUGH SOLIX, A THIRD PARTY SPECIALIZING IN ELIGIBILITY DETERMINATION, AND THOSE CUSTOMERS DEEMED ELIGIBLE WILL RECEIVE CREDITS FROM THE PMCS ON THEIR MONTHLY INVOICES FOR ELECTRIC SERVICE TO COVER SECURITIZATION CHARGES INCLUDED IN THOSE INVOICES. THE CREDITS ARE FUNDED FROM REIMBURSEMENTS THE HARDSHIP FUND PAYS THE PMCS AFTER THE LOW INCOME CUSTOMERS RECEIVE THE CREDIT ON THEIR BILLS. THE FUND WAS SET UP IN DECEMBER OF 2022 AND BEGAN DISBURSING FUNDS TO THE PMCS IN 2023. DURING 2023 APPROXIMATELY 1,261 PEOPLE RECEIVED BENEFITS. 542715 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X KHAKI BORDOVSKY 7136513770 7616 BAGBY AVENUE WACO TX 76712 X PAULA FARQUHAR PRESIDENT 1.00 X X 0 0 0 RUSSELL YOUNG VICE PRESIDENT 1.00 X X 0 0 0 JILL SADBERRY SECRETARY 1.00 X X 0 0 0 JIM BATES TRUSTEE 1.00 X 0 0 0 STEPHEN MEERS TRUSTEE 1.00 X 0 0 0 JUSTIN STAPLETON TRUSTEE 1.00 X 0 0 0 JANET VOTH 123-823 TRUSTEE 1.00 X 0 0 0 RYAN FUHRMANN 1223-1223 TRUSTEE 1.00 X 0 0 0 0 0 0 0 0 0 0 SOLIX INC 10 LANIDEX PLAZA WEST STE 300 PARSIPPANY NJ 07054 ELIGIBILITY PROGRAM ADMIN 320763 1 2203553 2203553 169741 0 169741 169741 169741 2373294 0 0 2373294 X 221952 221952 80026 80026 31301 31301 362100 320763 41337 27716 27716 723095 542715 180380 0 3197 140208499 143482847 15701 74993 140224200 143561037 61150 99500 61150 99500 X 140163050 143461537 140163050 143461537 140224200 143561037 1650199 1648288 0 X X 0 1 X 1 0 0 X 4021582 1648288 1648288 2373294 0 2373294 723095 0 723095 0 723095 PART X, LINE 2: THE ORGANIZATION HAS ADOPTED THE UNCERTAIN TAX POSITIONS PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ORGANIZATION IS ITS FILING STATUS AS A TAX-EXEMPT ENTITY. THE ORGANIZATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITIES. THERE WERE NO PENALTIES OR INTEREST RECOGNIZED DURING THE YEAR ENDED DECEMBER 31, 2023. 1 ELECTRICITY BILL CREDITS GIVEN TO LOW INCOME RESIDENTIAL COOPERATIVE CUSTOMERS TO COVER THE COST OF RECENTLY ADDED BILL CHARGES DUE TO HIGH COSTS INCURRED DURING WINTER STORM URI IN 2021. 1261 221952 PART I, LINE 2: THE FUND HAS HIRED SOLIX INC. TO ADMINISTER THE PROGRAM AND CONFIRM THE APPLICANT'S ELIGIBILITY. THE APPLICATION CAN BE FOUND ON THE FUNDS WEBSITE BRAZOSHARDSIPFUND.COM. ELIGIBLE INDIVIDUALS RECEIVE ELECTRIC SERVICE FROM 1 OF THE 15 ELECTRIC COOPERATIVES WHO FORMED THE FUND, AND PARTICIPATE IN OR RECEIVE SNAP, MEDICAID, SUPPLEMENTAL SECURITY INCOME, TANF OR THEIR HOUSEHOLD INCOME IS BELOW 200% OF THE FEDERAL POVERTY LINE. GRANTS ARE USED TO PROVIDE BILL CREDITS TO ELIGIBLE LOW-INCOME INDIVIDUALS TO COVER THE COST OF RECENTLY ADDED CHARGES FROM THE HIGH COSTS INCURRED DURING WINTER STORM URI IN 2021. SUPPORT SUCH AS, MEDICAID NOTICE OF CASE ACTION LETTER, SNAP NOTICE OF CASE ACTION LETTER, SUPPLEMENTAL SECURITY INCOME AWARD LETTER, TANF AWARD LETTER, OR PROOF OF INCOME WILL BE REQUIRED TO QUALIFY. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE FORM 990 WAS REVIEWED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE IN WACO, TX. FORM 990, PART IX, LINE 11G SOLIX - ELIGIBILITY IMPLEMENTATION: PROGRAM SERVICE EXPENSES 320,763. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 320,763. CONSULTING EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 41,337. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 41,337. FORM 990, PART XII, LINE 2C THE BOARD OF TRUSTEES HAVE ASSIGNED MEMBERS TO AN AUDIT COMMITTEE TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND SELECT THE INDEPENDENT FINANCIAL STATEMENT AUDITOR.