Cape Hatteras Electric Foundation Inc
Nonprofit profile at a glance
- EIN
- 562050962
- IRS 990-EZ coverage
- 2020–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2010
- Location
- Buxton, NC, USA
- Phone
- 2529965616
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $46,160
- Expenses
- $36,826
- Assets
- $57,490
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- LOIS MILLER (PRESIDENT)
People named in this filing
- LOIS MILLER (PRESIDENT)
- AMBERLY DYER (VICE PRESIDE)
- ANITA BILLS (SEC./TREASUR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To aid underprivileged people who are suffering unusual or unexpected circumstances and are in grave need of assistance. The assistance provided will be in the form of grants to pay for shelter, clothing, food, health care, emergencies and other humane needs. Grants will also be made to organizations that are providing assistance to the underprivileged and needy.
What it reported doing in 2025
To aid underprivileged people who are suffering unusual or unexpected circumstances and are in grave need of assistance. The assistance provided will be in the form of grants to pay for shelter, clothing, food, health care, emergencies and other humane needs. Grants will also be made to organizations providing assistance to the underprivileged and needy.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.8%; rating input score 80
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 20.2%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.56; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 56th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 54th percentile among comparable filings
Details
- Where the money goes: 79.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $37K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.