Nonprofit · EIN 57-1000504
MID-CAROLINA ELECTRIC TRUST
Tax-exempt · LEXINGTON, SC 29071
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $317,677 | $324,854 | -$7,177 | $42,269 | $0 | $42,269 |
| December 31, 2024 | 990 | $317,886 | $309,542 | $8,344 | $49,446 | $0 | $49,446 |
| December 31, 2023 | 990 | $316,366 | $326,369 | -$10,003 | $41,102 | $0 | $41,102 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $317,677
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $324,854
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $324,854
Balance sheet and other
- Total assets, start of year
- $49,446
- Total assets, end of year
- $42,269
- Total liabilities, end of year
- $0
- Net assets, end of year
- $42,269
- Net assets without donor restrictions
- $42,269
- Gross receipts
- $317,677
- Employees
- 0
- Year formed
- 1993
- State of legal domicile
- SC
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STAN SHEALY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| REV RUS STILWELL | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
| VIRGINIA BISHOP | SECRETARY Trustee or director, Officer | 1 | $0 |
| TONYA RODGERS | DIRECTOR Trustee or director | 1 | $0 |
| FRANK CAPOBIANCO | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BEERMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAPHYNE RIDGELL | DIRECTOR Trustee or director | 1 | $0 |
| GREG BLACK | DIRECTOR Trustee or director | 1 | $0 |
| DOUG MARTIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STAN SHEALY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| REV RUS STILWELL | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
| GERRY SPRAGG | DIRECTOR Trustee or director | 1 | $0 |
| FRANK CAPOBIANCO | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA BISHOP | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BEERMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAPHYNE RIDGELL | DIRECTOR Trustee or director | 1 | $0 |
| GREG BLACK | DIRECTOR Trustee or director | 1 | $0 |
| DOUG MARTIN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STAN SHEALY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| REV RUS STILWELL | VICE CHAIRMA Trustee or director, Officer | 2 | $0 |
| GERRY SPRAGG | DIRECTOR Trustee or director | 1 | $0 |
| FRANK CAPOBIANCO | DIRECTOR Trustee or director | 1 | $0 |
| VIRGINIA BISHOP | DIRECTOR Trustee or director | 1 | $0 |
| JOHN BEERMAN | DIRECTOR Trustee or director | 1 | $0 |
| DAPHYNE RIDGELL | DIRECTOR Trustee or director | 1 | $0 |
| GREG BLACK | DIRECTOR Trustee or director | 1 | $0 |
| DOUG MARTIN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 669, LEXINGTON, SC 29071-0669
- Principal officer (990 for 2025)
- STAN SHEALY, PO BOX 669, LEXINGTON, SC 29071
- Signed the 990
- B ROBERT PAULLING, PRESIDENT/CEO - MCEC
- Phone
- (803) 749-6468
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MID-CAROLINA ELECTRIC COOPERATIVE, INC.
Program accomplishments
- THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MID-CAROLINA ECI.Expenses $324,854 · grants $324,854
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-1000504
- 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
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21Z)
- Assets (IRS master file)
- $42,269
- Income (IRS master file)
- $317,677
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $317,677 | $324,854 | $42,269 | IRS |
| 990 | December 2024 | $317,886 | $309,542 | $49,446 | XML |
| 990 | December 2023 | $316,366 | $326,369 | $41,102 | XML |
| 990 | December 2022 | $313,079 | $309,269 | $51,105 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 57-1000504).
Questions about MID-CAROLINA ELECTRIC TRUST
- What is the EIN of MID-CAROLINA ELECTRIC TRUST?
- The employer identification number (EIN) of MID-CAROLINA ELECTRIC TRUST is 57-1000504.
- Is MID-CAROLINA ELECTRIC TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to MID-CAROLINA ELECTRIC TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MID-CAROLINA ELECTRIC TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MID-CAROLINA ELECTRIC TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MID-CAROLINA ELECTRIC TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MID-CAROLINA ELECTRIC TRUST?
- The 990 for the year ended December 31, 2025 names STAN SHEALY.
- Who are the officers and directors of MID-CAROLINA ELECTRIC TRUST?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does MID-CAROLINA ELECTRIC TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $317,677, expenses of $324,854 and total assets of $42,269 at year end.
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