Nonprofit · EIN 59-3407203
WREC EDUCATIONAL FOUNDATION INC
Tax-exempt · DADE CITY, FL 33526
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,559,423 | $894,076 | $1,665,347 | $11,966,053 | $0 | $11,966,053 |
| December 31, 2024 | 990 | $2,369,687 | $803,422 | $1,566,265 | $10,300,706 | $0 | $10,300,706 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,115,137
- Program service revenue
- $0
- Investment income
- $444,286
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $884,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,500
- Program services (functional)
- $884,500
- Management and general (functional)
- $9,576
Balance sheet and other
- Total assets, start of year
- $10,300,706
- Total assets, end of year
- $11,966,053
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,966,053
- Net assets without donor restrictions
- $11,966,053
- Gross receipts
- $2,559,423
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1996
- State of legal domicile
- FL
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID B LAMBERT II | EXEC. VP Officer | 1 | $0 | $766,189 | $254,115 |
| ALAN F HENGESBACH | TREASURER Trustee or director, Officer | 1 | $0 | $54,004 | $0 |
| TERRENCE E SCHRADER | PRESIDENT Trustee or director, Officer | 1 | $0 | $48,604 | $0 |
| PAUL R LITTLE | DIRECTOR Trustee or director | 1 | $0 | $44,478 | $0 |
| ROBERT BARTHLE | TRUSTEE/DIRECTOR Trustee or director | 1 | $0 | $39,604 | $0 |
| PATRICIA P BECHTELHEIMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $33,931 | $0 |
| KIMBERLY L KINNEY | DIRECTOR Trustee or director | 1 | $0 | $33,605 | $0 |
| DESMOND G LITTLE | DIRECTOR - EXITING 2025 Trustee or director | 1 | $0 | $29,888 | $0 |
| ROBERT W STRICKLAND | SECRETARY Trustee or director, Officer | 1 | $0 | $25,066 | $0 |
| DAVID S HUNNICUTT | DIRECTOR Trustee or director | 1 | $0 | $21,650 | $0 |
| JOSEPH MARINA | DIRECTOR - NEW 2025 Trustee or director | 1 | $0 | $4,196 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID B LAMBERT II | EXEC. VP Officer | 1 | $0 | $662,267 | $224,450 |
| ALAN F HENGESBACH | TREASURER Trustee or director, Officer | 1 | $0 | $53,541 | $0 |
| TERRENCE E SCHRADER | PRESIDENT Trustee or director, Officer | 1 | $0 | $52,191 | $0 |
| PAUL R LITTLE | DIRECTOR Trustee or director | 1 | $0 | $41,178 | $0 |
| ROBERT BARTHLE | TRUSTEE/DIRECTOR Trustee or director | 1 | $0 | $40,941 | $0 |
| DESMOND G LITTLE | DIRECTOR Trustee or director | 1 | $0 | $40,608 | $0 |
| PATRICIA P BECHTELHEIMER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $35,235 | $0 |
| KIMBERLY L KINNEY | DIRECTOR Trustee or director | 1 | $0 | $32,759 | $0 |
| ROBERT W STRICKLAND | SECRETARY Trustee or director, Officer | 1 | $0 | $28,751 | $0 |
| DAVID S HUNNICUTT | DIRECTOR Trustee or director | 1 | $0 | $22,600 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 278, DADE CITY, FL 33526-0278
- In care of
- % BILLY BROWN
- Principal officer (990 for 2025)
- DAVID B LAMBERT II, PO BOX 278, DADE CITY, FL 33526
- Signed the 990
- DAVID B LAMBERT II, EXECUTIVE VP.
- Phone
- (352) 567-5133
- Website
- HTTP://WWW.WREC.NET
- Return prepared by
- PURVIS GRAY & COMPANY LLP
Mission
ACCUMULATE AND DISBURSE FUNDS FOR EDUCATIONAL PURPOSES IN THE SERVICE AREA OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC.
Program accomplishments
- THE FOUNDATION'S MAIN PURPOSE IS TO PROVIDE SCHOLARSHIPS TO STUDENTS, WHO RESIDE IN THE WREC SERVICE AREAS, TO ATTEND A FLORIDA COLLEGE, UNIVERSITY OR TECHNICAL SCHOOL. THE FOUNDATION WILL, ON OCCASION, DISTRIBUTE FUNDS DIRECTLY TO EDUCATIONAL INSTITUTIONS, AT VARIOUS LEVELS OF EDUCATION, THROUGHOUT THE COOPERATIVE'S REGION FOR EDUCATIONAL PROGRAMS AND IMPROVEMENTS.Expenses $884,500 · grants $884,500
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
- 59-3407203
- 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
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $11,966,053
- Income (IRS master file)
- $2,559,423
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,559,423 | $894,076 | $11,966,053 | IRS |
| 990 | December 2024 | $2,369,687 | $803,422 | $10,300,706 | IRS |
| 990 | December 2023 | $1,913,418 | $1,098,735 | $8,734,441 | IRS |
| 990 | December 2022 | $1,606,508 | $1,141,855 | $7,919,758 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about WREC EDUCATIONAL FOUNDATION INC
- What is the EIN of WREC EDUCATIONAL FOUNDATION INC?
- The employer identification number (EIN) of WREC EDUCATIONAL FOUNDATION INC is 59-3407203.
- Is WREC EDUCATIONAL FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to WREC EDUCATIONAL FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WREC EDUCATIONAL FOUNDATION INC 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 WREC EDUCATIONAL FOUNDATION INC 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 WREC EDUCATIONAL FOUNDATION INC 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 WREC EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names DAVID B LAMBERT II.
- Who are the officers and directors of WREC EDUCATIONAL FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does WREC EDUCATIONAL FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,559,423, expenses of $894,076 and total assets of $11,966,053 at year end.
Other nonprofits in DADE CITY
- ACADEMY AT THE FARM INC EIN 59-3638658 · last filed 990 for 2025
- WILDFLOWER FOUNDATION EIN 87-1964111 · last filed 990 for 2025
- FRIENDS OF THE ACADEMY AT THE FARM INC EIN 04-3760793 · last filed 990 for 2025
- TAMPA BAY ROBOTICS FOUNDATION INC EIN 46-1087010 · last filed 990-EZ for 2025
- PAPA LOOK ALIKE SOCIETY INC EIN 46-2169762 · last filed 990-N for 2025
- ITS ACHIEVABLE FOUNDATION INC EIN 45-1000761 · last filed 990-N for 2025
- EAST PASCO DR MARTIN LUTHER KING JR ACTIVITY COMMITTEE EIN 99-3105310 · last filed 990-N for 2025
- MOORE ACADEMY MICKENS HIGH ALUMNI ASSOCIATION INC EIN 20-0490354 · last filed 990-N for 2025