Glades Electric Educational Foundation Inc is a private non-operating foundation based in Moore Haven, Florida, established to provide scholarships to students living within the service area of Glades Electric Cooperative. The foundation was incorporated on November 22, 2000, and received tax-exempt status in February 2002.
Key facts about Glades Electric Educational Foundation Inc
- EIN
- 65-1083705
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $60,500
- Grants made (2024)
- 40
- Average grant
- $1,513
- Median grant
- $1,250
- Total assets
- $1,144,608
- Primary geography
- Florida (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Glades Electric Educational Foundation Inc funds
By grant dollars, the top recipient states for Glades Electric Educational Foundation Inc's 40 itemized 2024 grants were Florida (100%). The most frequent recipient cities were Clewiston, FL (11 grants), Moore Haven, FL (9 grants), Sebring, FL (8 grants) and Okeechobee, FL (7 grants). None of its 40 grants with a stated purpose were described as general or operating support. Recurring purposes include "Tuition Books Class Supplies Room & Board" (40 grants).
How Glades Electric Educational Foundation Inc gives
- Giving grew 59% from 2021 to 2024. Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Glades Electric Educational Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.1M
+2.4% YoY
Annual Giving
$61K
-8.7% YoY
Grant Count
40
-2.4% YoY
Avg Grant Size
$2K
-6.4% YoY
Under IRS private-foundation payout rules, Glades Electric Educational Foundation Inc reported a distributable amount of $55K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation was formed to provide scholarships to students living within the service area of Glades Electric Cooperative to further their education. The foundation supports both college education for high school seniors and career training programs.
Grantmaking
The foundation awards scholarships in two primary categories:
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Geographic Focus
Where this funder awards grants
The foundation funds students whose legal permanent residence is served directly by Glades Electric Cooperative, including Glades, Hendry, Highlands, and Okeechobee counties in Florida.
Grant Distribution by State
Share of all 40 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent (2024 Tax Year):
- Total Revenue: $63,009
- Total Expenses: $86,748
- Net Income: -$23,739
- Total Assets: $1,144,608
- Total Liabilities: $46,000
- Net Assets: $1,098,608
Revenue Sources (2024):
- Dividends: $26,905 (42.7%)
- Sales of Assets: $36,104 (57.3%)
Expenses (2024):
- Charitable Disbursements: $60,500 (69.7%)
Tax-Exempt Status: 501(c)(3) organization; donations are tax deductible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,144,608 | $1,117,480 | $1,153,723 |
| Revenue | $63,009 | $48,969 | $99,738 |
| Expenses | $86,748 | $76,346 | $93,263 |
| Qualifying Distributions | $60,500 | $66,250 | $62,000 |
| Net Investment Income | $45,240 | $30,986 | $80,563 |
| Distributable Amount | $54,959 | $55,372 | $60,138 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
191 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Caydence Cisneros ($2,500), Gavin Johnson ($2,500), Kobe Labra ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| Caydence Cisneros Moore Haven, FL | Tuition Books Class Supplies Room & Board | $2,500 |
| Gavin Johnson Labelle, FL | Tuition Books Class Supplies Room & Board | $2,500 |
| Kobe Labra Sebring, FL | Tuition Books Class Supplies Room & Board | $2,500 |
| Luke Llossas Clewiston, FL | Tuition Books Class Supplies Room & Board | $2,500 |
| Reagan Lenihan Sebring, FL | Tuition Books Class Supplies Room & Board | $2,500 |
| Rosmary Rubio Moore Haven, FL | Tuition Books Class Supplies Room & Board | $2,500 |
| Brooke Moon Sebring, FL | Tuition Books Class Supplies Room & Board | $2,000 |
| Carlos Perez-Tellez Moore Haven, FL | Tuition Books Class Supplies Room & Board | $2,000 |
| Dayshaun Johnson Okeechobee, FL | Tuition Books Class Supplies Room & Board | $2,000 |
| Jesus Morales Moore Haven, FL | Tuition Books Class Supplies Room & Board | $2,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Angela Hodges, President
- Michael Roberge, Secretary/Treasurer
- Lee Henderson, Director
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| John Coxe | President | 1 | — |
| Angela Hodges | President | 1 | — |
| Jeff Brewington | SecretaryTreasurer | 1 | — |
| Barney Goodman | Trustee | 1 | — |
| Mike Pressley | Vice President | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation's scholarship program is funded through abandoned capital credits from Glades Electric Cooperative, allowing the cooperative to reinvest unclaimed member equity into local student development. Annual scholarship banquets are held each spring to honor recipients, most recently at the Lake Placid Camp and Conference Center. The foundation also sponsors delegates for the Electric Cooperative Youth Tour to Washington, D.C.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Glades Electric Educational Foundation Inc fund?
The foundation was formed to provide scholarships to students living within the service area of Glades Electric Cooperative to further their education. The foundation supports both college education for high school seniors and career training programs.
How do I apply for a grant from Glades Electric Educational Foundation Inc?
The foundation awards scholarships in two primary categories: **College Scholarships for High School Seniors** • Awards at least eight $5,000 scholarships annually to graduating high school seniors • Eligibility: Legal permanent residence served directly by Glades Electric Cooperative • Selection criteria: Academic achievement, leadership, essay submission, and financial need **iTECH Glades Career Scholarships** • Awards $2,000 scholarships to students pursuing career training at iTECH Glades •…
Where does Glades Electric Educational Foundation Inc make grants?
The foundation funds students whose legal permanent residence is served directly by Glades Electric Cooperative, including Glades, Hendry, Highlands, and Okeechobee counties in Florida.
What size grants does Glades Electric Educational Foundation Inc award?
In 2024, Glades Electric Educational Foundation Inc awarded 40 grants totaling $61K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Glades Electric Educational Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Glades Electric Educational Foundation Inc reported a distributable amount of $55K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Glades Electric Educational Foundation Inc's EIN?
Glades Electric Educational Foundation Inc's EIN (Employer Identification Number) is 65-1083705. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.