Mid-Carolina Electric Trust Inc logo

Mid-Carolina Electric Trust Inc

Foundation · Grantmaker Lexington, SC EIN: 57-1000504 Website

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.

Key facts about Mid-Carolina Electric Trust Inc

In short: Mid-Carolina Electric Trust Inc gave $208K across 9 grants in 2025 (avg $23K), mostly in South Carolina. Source: 2025 IRS Form 990.

EIN
57-1000504
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$207,739
Grants made (2025)
9
Average grant
$23,082
Median grant
$10,800
Total assets
$42,269
Primary geography
South Carolina (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$42K

-14.5% YoY

Annual Giving

$208K

+170.9% YoY

Grant Count

9

+125.0% YoY

Avg Grant Size

$23K

+20.4% YoY

How Mid-Carolina Electric Trust Inc gives

  • Giving fell 30% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Mid-Carolina Electric Trust Inc

Based on IRS filings

Mid-Carolina Electric Trust Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Lexington, SC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $42K in total assets. In 2025, it awarded 9 grants totaling $208K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 9 itemized 2025 grant dollars.

Cities

LexingtonCayceChapinIrmoLeesvilleWest ColumbiaBallentine

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K5 grants20196 grants20204 grants20214 grants20229 grants20234 grants20249 grants2025

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Other Community Assistance: $49KOther Community Assistance$49KSharing God's Love: $44KSharing God's Love$44KWe Care: $42KWe Care$42KMission Lexington: $28KMission Lexington$28KLexington United: $11KLexington United$11KChristian Ministries: $10KChristian Ministries$10KMt Horeb United: $9KMt Horeb United$9KGod's Helping Hand: $7KGod's Helping Hand$7KScooter Scott Project: $7KScooter Scott Project$7K

Grant Size Distribution

30 grants across all recorded years

27<$50K1$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
OTHER COMMUNITY ASSISTANCE Lexington, SC—$49,348
SHARING GOD'S LOVE Irmo, SCRENT, MEDICATION, ET$44,192
WE CARE Chapin, SCBILLS, JOB PLACEMENT$42,345
MISSION LEXINGTON Lexington, SCCOMMUNITY SUPPORT$27,788
LEXINGTON UNITED Lexington, SCSCHOOLS IN DISTRICT$10,800
CHRISTIAN MINISTRIES Leesville, SCMEDICATION, UTILITIE$9,662
MT HOREB UNITED Lexington, SCSCHOOLS IN DISTRICT$9,000
GOD'S HELPING HAND Cayce, SCRENT, MEDICATION, ET$7,404
SCOOTER SCOTT PROJECT West Columbia, SCCOMMUNITY SUPPORT$7,200

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$100K$200K$300K$400K2019202020212022202320242025
Metric202520242023
Total Assets$42,269$49,446$41,102
Revenue$317,677$317,886$316,366
Expenses$324,854$309,542$326,369
Qualifying Distributions———
Net Investment Income———
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS June 10, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS September 28, 2021)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS November 7, 2022)
  4. Updated Form 990 for fiscal year 2022 (received by the IRS November 8, 2023)
  5. Updated Form 990 for fiscal year 2023 (received by the IRS September 13, 2024)
  6. Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
  7. Added Form 990 for fiscal year 2025 (received by the IRS May 6, 2026)

Leadership & Key People

Officers and directors from IRS filings

Mid-Carolina Electric Trust Inc is led by Stan Shealy, Chairman on every filing since 2019; none of the 9 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Stan Shealy

    Chairman

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Greg Black

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • John Beerman

    Director

    On filings since 2019

    1 hr/week

    No compensation reported

  • Daphyne Ridgell

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Frank Capobianco

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Doug Martin

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Tonya Rodgers

    Director

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Rus Stilwell

    Vice Chairman

    On filings since 2019

    2 hrs/week

    No compensation reported

  • Virginia Bishop

    Secretary

    Director → Secretary, 2025

    On filings since 2019

    1 hr/week

    No compensation reported

Former officers (5)
  • Former: Gerry Spragg (2021–2024) — Director
  • Former: Charlotte Boozer (2019–2022) — Secretary
  • Former: Alan Lord (2019–2020) — Director
  • Former: Johnny Muller (2019–2020) — Director
  • Former: Matt Matthews (2019–2020) — Director

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Mid-Carolina Electric Trust Inc

How much does Mid-Carolina Electric Trust Inc give each year?

Mid-Carolina Electric Trust Inc gave $208K across 9 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $77K across 4 grants.

What is Mid-Carolina Electric Trust Inc's typical grant size?

Mid-Carolina Electric Trust Inc's median grant in 2025 was $10,800, and its average grant was $23,082, across 9 grants on its 2025 IRS Form 990.

Where does Mid-Carolina Electric Trust Inc give grants?

Mid-Carolina Electric Trust Inc gives mostly in South Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Lexington, SC (4 grants).

Does Mid-Carolina Electric Trust Inc give general operating support?

Not in 2025: none of the 8 grants with a stated purpose on Mid-Carolina Electric Trust Inc's 2025 IRS Form 990 were described as general or operating support.

Who are Mid-Carolina Electric Trust Inc's largest grantees?

Mid-Carolina Electric Trust Inc's largest 2025 grantees include Other Community Assistance ($49,348), Sharing God's Love ($44,192) and We Care ($42,345), according to its 2025 IRS Form 990. Together they received 65% of its itemized 2025 grant dollars.

How large is Mid-Carolina Electric Trust Inc?

Mid-Carolina Electric Trust Inc reported $42K in total assets on its 2025 IRS Form 990. Its revenue that year was $318K.

What is Mid-Carolina Electric Trust Inc?

Mid-Carolina Electric Trust Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in Lexington, SC. It holds $42K in total assets as of 2025.

What is Mid-Carolina Electric Trust Inc's EIN?

Mid-Carolina Electric Trust Inc's EIN (Employer Identification Number) is 57-1000504. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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