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Nonprofit · EIN 74-3063596

KOOTENAI ELECTRIC TRUST INC

Tax-exempt · RATHDRUM, ID 83858

Financials

$98K$91K2023$95K$93K2024
Revenue Expenses · by fiscal year end
Financials of KOOTENAI ELECTRIC TRUST INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$94,925$93,242$1,683$81,468$1,250$80,218
December 31, 2023990-EZ$97,522$90,817$6,705$79,360$825$78,535
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$94,925

Expenses

Grants and similar amounts paid
$91,100
Compensation of officers, directors and key employees
$0
Other expenses
$2,142
Program services (functional)
$91,100

Balance sheet and other

Total assets, start of year
$79,360
Total assets, end of year
$81,468
Total liabilities, end of year
$1,250
Net assets, end of year
$80,218
Cash, savings and investments
$75,559
Gross receipts
$94,925

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOE PIEDMONTDirector1$0
DAN GREENDirector1$0
RANDY FOILESVICE CHAIR1$0
GARRY THOMPSONDirector1$0
JESSICA BACON WOURMSSecretary/Treas1$0
JAY BAKERCHAIR1$0
CONNIE SUMNER-KAUPPDirector1$0
KERRI THORESONDirector1$0
THOMAS GRUNDINDirector1$0
990-EZ for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
JOE PIEDMONTBOARD MEMBER1$0
DAN GREENBOARD MEMBER1$0
RANDY FOILESVICE CHAIR1$0
CHERI ZAOVICE CHAIR1$0
JESSICA BACON WOURMSSecretary/Treas1$0
JAY BAKERCHAIR1$0
TOM CRAIGCHAIR1$0
KERRI THORESONCHAIR1$0
THOMAS GRUNDINCHAIR1$0

Address and contacts

Address (IRS master file)
9014 W LANCASTER RD, RATHDRUM, ID 83858-7415
In care of
% LARRY BRYANT
Signed the 990-EZ
JAY BAKER, Chair
Phone
(208) 765-1200
Return prepared by
Magnuson McHugh Dougherty CPAs

Mission

Kootenai Electric Trust administers the Operation Round Up program for Kootenai Electric Cooperative. Each month, KEC "rounds up" the electric bills of participating consumers to the next highest dollar. Kootenai Electric Trust uses these funds to award grants to address crucial needs such as food, clothing, shelter, medical care, and education.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • DISBURSEMENTS WERE MADE TO VARIOUS GROUPS,CHARITIES, OR LIKE ORGANIZATIONS AS DEEMED NECESSARY ACCORDING TO THE BY-LAWS AND BOARD OF DIRECTORS WITH A HIGHER PRIORITY FOR FUNDING CRUCIAL NEEDS SUCH AS FOOD, SHELTER, CLOTHING, MEDICAL CARE, AND EDUCATION.
    Expenses $91,100 · grants $91,100

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

File the 2025 990-EZ for KOOTENAI ELECTRIC TRUST INC

Due May 15, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
74-3063596
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
2003
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$81,468
Income (IRS master file)
$94,925

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$94,925$93,242$81,468IRS
990-EZDecember 2023$97,522$90,817$79,360XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 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 74-3063596).

Questions about KOOTENAI ELECTRIC TRUST INC

What is the EIN of KOOTENAI ELECTRIC TRUST INC?
The employer identification number (EIN) of KOOTENAI ELECTRIC TRUST INC is 74-3063596.
Is KOOTENAI ELECTRIC TRUST INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
Are donations to KOOTENAI ELECTRIC TRUST INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does KOOTENAI ELECTRIC TRUST 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 KOOTENAI ELECTRIC TRUST INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KOOTENAI ELECTRIC TRUST INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of KOOTENAI ELECTRIC TRUST INC?
The 990-EZ for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does KOOTENAI ELECTRIC TRUST INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $94,925, expenses of $93,242 and total assets of $81,468 at year end.

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