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EIN 72-1417423

Demco Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Baton Rouge
State
Louisiana
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
T31: Community Foundations
Description
The Demco Foundation aims to benefit needy individuals in the seven parishes served by Dixie Electric Membership Corporation. These parishes include Ascension, East Baton Rouge, East Feliciana, Livingston, St Helena, Tangipahoa and West Feliciana. The organization assists individuals/families with clothing, shelter, scholarships and other miscellaneous needs through the program Operation Roundup. Customers of Dixie Electric Membership Corporation may elect to have their contributions go towards this cause. The foundation is located in Baton Rouge, LA.
Related structure
Demco Foundation is a subordinate organization under Dixie Electric Membership Corporation.
Total revenues
$303,949
2023
Total expenses
$379,956
2023
Total assets
$214,361
2023
Num. employees
0
2023

Program areas at Demco Foundation

The organization was able to assist individuals/families with things such as clothing, shelter, scholarships and other miscellaneous needs. Through the program, operation roundup, customers of dixie electric membership corporation may elect to have their electricity bill rounded up to the nearest dollar amount with the difference remitted to the Foundation to provide the funding for those eligible for aid. In 2023, the Foundation had 175 receipients that requested and received assistance totaling $265,869, including $102,500 in scholarships to 80 different students.

Personnel at Demco Foundation

NameTitleCompensation
Peggy MarananChief Financial Officer
Kevin commanderController
Lorenza LivelyAssistant Secretary$0
Dennis LottPresident$0
Leslie FalksSecretary and Treasurer$0
...and 4 more key personnel

Financials for Demco Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$300,204
Program services$0
Investment income and dividends$3,745
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$303,949

Form 990s for Demco Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990View PDF
2022-122023-10-18990View PDF
2021-122022-11-01990View PDF
2020-122021-11-09990View PDF
2019-122021-02-19990View PDF
...and 9 more Form 990s

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Data update history
December 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 4, 2023
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 5, 2023
Updated personnel
Identified 3 new personnel
August 16, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsCorporate foundationsCommunity foundationsChapter / child organizationsCharities
Issues
EducationCommunity improvement
Characteristics
Provides grantsState / local levelProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 15659
Baton Rouge, LA 70895
Metro area
Baton Rouge, LA
County
East Baton Rouge Parish, LA
Website URL
demco.org/community/demco-foundation 
Phone
(225) 262-2141
IRS details
EIN
72-1417423
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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