2025-11-05T15:36:15-06:00 2024-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2024-01-01 742915182 SAN PATRICIO ELECTRIC EDUCATION TRUST SANP 3613642220 PO BOX 400 SINTON TX 78387 TOM MAYO TRUSTEE 3613642220 2025-11-05 1 1 MATT R WILLIS P00419741 8067473806 2025-11-05 X 2024 2025-03-06 01:10:19Z TOM MAYO PO BOX 400 SINTON TX 78387 453528 0 X SANPATRICIOELECTRIC.ORG/SCHOLARSHIP X 1999 TX TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO HELP STUDENTS PURSUE HIGHER EDUCATION. 3 0 0 6 0 0 20380 42437 0 0 164761 220716 0 0 185141 263153 52000 46250 0 0 0 0 0 0 0 24844 25811 76844 72061 108297 191092 3080834 3111105 0 0 3080834 3111105 TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO HELP STUDENTS PURSUE HIGHER EDUCATION. 0 0 46250 46250 THE ORGANIZATION PAID OUT $46,250 IN SCHOLARSHIPS TO 37 DIFFERENT STUDENTS DURING THE TAX YEAR. THE SCHOLARSHIPS ARE PAID IN $1,250 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. 46250 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 1 1 1 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 6900 0 TOM MAYO TRUSTEE 1.00 6.75 X X 0 8100 0 JIM BASSETT TRUSTEE 1.00 5.60 X X 0 6900 0 0 21900 0 0 0 0 0 0 42437 42437 100432 100432 310659 190375 120284 120284 120284 263153 0 0 220716 46250 46250 25334 25334 FOREIGN TAXES PAID 477 477 72061 46250 25811 0 77755 76442 3003079 3034663 3080834 3111105 0 0 X 0 0 0 0 3080834 3111105 3080834 3111105 3080834 3111105 191092 -160821 0 X 0 0 0 X 28329 3233 13501 20380 42437 107880 28329 3233 13501 20380 42437 107880 107880 43917 64126 61759 91214 100432 361448 469328 0.22990 0.25050 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 VERY FEW TRANSFERS HAVE BEEN MADE IN THE PAST FEW YEARS. ON THE 2020 RETURN THE TRUST'S PUBBLIC SUPPORT PERCENTAGE WAS 71.86%. IT HAS FAILED THE PUBLIC SUPPORT TEST SINCE 2022, BUT CONTRIBUTIONS ARE INCREASING. FROM 2021 THEY HAVE INCREASED EACH YEAR. 2021 $3,233, 2022 $13,501, 2023 $20,380 AND 2024 $42,437. THE TRUST ANTICIPATES PASSING THE PUBLIC SUPPORT TEST IN THE NEXT FEW YEARS. 1 SCHOLARSHIPS TO STUDENTS FOR HIGHER EDUCATION 37 46250 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 $1,250 PER YEAR OVER 4 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, THIRD AND FOURTH 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 B, LINE 12C THE TRUST REQUIRES THE TRUSTEES TO ANNUALLY REVIEW THE CONFLICT OF INTEREST POLICY AND REMOVE THEMSELVES FROM ANY DISCUSSION OR VOTE IN WHICH THE TRUSTEE HAS OR HAS A PERCEIVED CONFLICT OF INTEREST. 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 1 SAN PATRICIO ELECTRIC COOPERATIVE INC S 42437 CASH