2025-05-14T12:05:25-05:00 2024-12-31 590548468 PURVIS GRAY & COMPANY LLP 222 NE 1ST ST GAINESVILLE FL 32601 990 2024-01-01 593407203 WREC EDUCATIONAL FOUNDATION INC WREC 3525675133 PO BOX 278 DADE CITY FL 335260278 DAVID B LAMBERT II EXECUTIVE VP. 3525675133 2025-05-14 1 1 LISA M MAROUSKY CPA P01965450 3523782461 2025-05-13 2024 2025-03-06 01:10:19Z DAVID B LAMBERT II PO BOX 278 DADE CITY FL 33526 2369687 0 X HTTP://WWW.WREC.NET X 1996 FL SEE SCHEDULE O. 9 9 0 9 0 0 1547109 1914479 0 0 366309 455208 0 0 1913418 2369687 1089700 794361 0 0 0 0 0 0 0 9035 9061 1098735 803422 814683 1566265 8734441 10300706 0 0 8734441 10300706 ACCUMULATE AND DISBURSE FUNDS FOR EDUCATIONAL PURPOSES IN THE SERVICE AREA OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. 0 0 794361 794361 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. 794361 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 FL X DAVID B LAMBERT II 3525675133 14651 21ST STREET DADE CITY FL 33523 TERRENCE E SCHRADER PRESIDENT 1.00 15.00 X X 0 52191 0 PATRICIA P BECHTELHEIMER VICE PRESIDENT 1.00 10.00 X X 0 35235 0 DESMOND G LITTLE DIRECTOR 1.00 10.00 X 0 40608 0 ALAN F HENGESBACH TREASURER 1.00 15.00 X X 0 53541 0 ROBERT W STRICKLAND SECRETARY 1.00 15.00 X X 0 28751 0 PAUL R LITTLE DIRECTOR 1.00 10.00 X 0 41178 0 DAVID S HUNNICUTT DIRECTOR 1.00 15.00 X 0 22600 0 KIMBERLY L KINNEY DIRECTOR 1.00 10.00 X 0 32759 0 ROBERT BARTHLE TRUSTEE/DIRECTOR 1.00 10.00 X 0 40941 0 DAVID B LAMBERT II EXEC. VP 1.00 70.00 X 0 662267 224450 0 1010071 224450 0 0 1 0 0 1914479 1914479 455208 455208 2369687 0 0 455208 794361 794361 9000 9000 61 61 803422 794361 9061 0 146743 2049958 8498049 8135459 89649 115289 8734441 10300706 0 0 X 8734441 10300706 8734441 10300706 8734441 10300706 1566265 0 X 0 1 X 1 0 X 1513234 1448012 1505518 1547109 1914479 7928352 1513234 1448012 1505518 1547109 1914479 7928352 7928352 66904 18501 100990 366309 455208 1007912 8936264 0.88720 0.91710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 2401846 32159 32159 2369687 0 2369687 835581 32159 32159 803422 0 803422 PART X, LINE 2: UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SUBTOPIC 740-10, INCOME TAX UNCERTAINTIES, IT IS THE POLICY OF MANAGEMENT TO EVALUATE ITS TAX POSITIONS ON AN ONGOING BASIS AND DISCLOSE ANY SUCH POSITIONS IT BELIEVES WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS AND RELATED NOTES. MANAGEMENT ALSO BELIEVES THAT NO SUCH REQUIRED DISCLOSURES CURRENTLY EXIST. 1 SCHOLARSHIPS 335 794361 CASH PART I, LINE 2 - PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANT MONIES ARE PAID DIRECTLY TO THE SCHOOL ON THE INDIVIDUALS BEHALF; THE MONIES DO NOT GO DIRECTLY TO THE INDIVIDUALS. 0 0 0 0 0 0 0 0 0 DAVID B LAMBERT II EXEC. VP 0 607773 0 50000 0 4494 0 187442 0 37008 0 886717 0 0 FORM 990, PART I, LINE 1 ACCUMULATE AND DISBURSE FUNDS FOR EDUCATIONAL PURPOSES IN THE SERVICE AREA OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF FLORIDA AND IS ORGANIZED WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION IS ORGANIZED UNDER THE LAWS OF THE STATE OFFLORIDA. THE MEMBERS OF THIS CORPORATION ARE COMPRISED OF ALL THE TRUSTEES OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. IN OFFICE. AN ANNUAL MEETING IS HELD. FORM 990, PART VI, SECTION A, LINE 7B ALL MEMBERS ON ARE ON THE WREC BOARD OF DIRECTORS. THE BOARD OF DIRECTORS OF THE CORPORATION HAVE THE POWER TO MAKE AN ADOPT SUCH RULES AND REGULATIONS, NON INCONCISSTENT WITH LAW, THE ARTICLES OF INCORPORATION OR THE BY-LAWS, AS DEEMED NECESSARY. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER, ACCOUNTING AND FINANCE MANAGER, CONTROLLER, AND ACCOUNTING OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC., ALL REVIEW THE 990. ADDITIONALLY, FORM 990 WILL BE EMAILED TO EACH BOARD MEMBER PRIOR TO SUBMITTAL. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION OBTAINS A CONFLICT OF INTEREST STATEMENT FROM EACH MEMBER OF THE BOARD ANNUALLY. THE CONFLICTS OF INTEREST POLICY WAS IMPLEMENTED IN JANUARY OF 2010. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE HELD ON-SITE AND AVAILABLE ON REQUEST. FORM 990, PART VI - ADDITIONAL INFORMATION SECTION B, LINE 15 - COMPENSATION POLICY THE PEOPLE LISTED ARE NOT EMPLOYEES OF THE ORGANIZATION, BUT OF A RELATED ORGANIZATION. THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES. SCHEDULE B, PART I ALL OF THE FOUNDATION'S CONTRIBUTIONS ARE DERIVED FROM UNCLAIMED CAPITAL CREDITS OF PAST AND CURRENT MEMBERS OF WREC. THE MEMBERS OF THE COOPERATIVE AGREE TO CONTRIBUTE (PER THE COOPERATIVE'S BY-LAWS) THEIR CAPITAL CREDITS TO THE FOUNDATION IF THEY ARE UNCLAIMED FOR A PERIOD OF TWO YEARS AFTER CAPITAL CREDITS ARE PAID OUT. AS SUCH, THE FOUNDATION GENERALLY RECOGNIZED CONTRIBUTIONS WHEN THEY ARE RECEIVED FROM THE COOPERATIVE. WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC PO BOX 278 DADE CITY FL 33526 590545223 SCH R, VII FL 501(C)(12) N/A 0 URADCO INC PO BOX 278 PO BOX 278 DADE CITY FL 33526 592594767 SCH R, VII FL SCH R VII C 0 LAKE JOVITA ASSOCIATES INC PO BOX 278 PO BOX 278 DADE CITY FL 33526 593514097 SCH R, VII FL SCH R VII C 0 ONE LACOOCHEE CENTER 14651 21ST STREET 14651 21ST STREET DADE CITY FL 33523 843761078 SCH R VII FL SCH R VII C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 WITHLACOOCHEE RIVER ELECTRIC COOP C 1914479 COST WITHLACOOCHEE RIVER ELECTRIC COOP N 12885 COST WITHLACOOCHEE RIVER ELECTRIC COOP O 19273 COST SCHEDULE R - ADDITIONAL INFORMATION SCHEDULE R, PART II WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. (59-0545223) PRIMARY ACTIVITY - ELECTRICITY COOPERATIVE SCHEDULE R, PART IV URADCO, INC. (59-2594767) PRIMARY ACTIVITY - REAL ESTATE/CITRUS DIRECT CONTROLLING ENTITY - WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE, INC. LAKE JOVITA ASSOCIATES, INC. (59-3514097) PRIMARY ACTIVITY - REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY - URADCO, INC. ONE LACOOCHEE CENTER (84-3761078) PRIMARY ACTIVITY - REAL ESTATE DEVELOPMENT DIRECT CONTROLLING ENTITY - URADCO, INC.