THE ORGANIZATION WAS ESTABLISHED BY THE BOARD OF TRUSTEES OF CHOCTAWHATCHEE ELECTRIC COOPERATIVE, INC. (CHELCO) TO SERVE AS A PHHILANTHROPIC AGENCY TO ASSIST INDIVIDUALS AND ORGANIZATIONS IN THE LOCAL COMMUNITY AS WELL AS ACROSS THE NATION AND THROUGHOUT THE WORLD. DONATIONS MADE TO THE FOUNDATION ARE MADE VOLUNTARILY BY EMPLOYEES AND OTHERS WHO WISH TO SUPPORT CHELCO'S COMMUNITY OUTREACH, WHICH INCLUDES ITEMS LIKE SCHOLARSHIPS AND GRANTS FOR CHARITABLE ORGANIZATIONS.
Executive compensation
Form 990 · Schedule J · 2 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Education organizations in Florida.
| Position | Total |
|---|---|
Comp Is Not Paid by the Foundation Board Member Above 90th percentile | $354k $376k |
Comp Is Not Paid by the Foundation Board Member Median to 75th percentile | $45k $48k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 3 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at THE CHELCO FOUNDATION INC equaled 300% of the organization's total expenses. The median for education organizations is 6%.
Based on 24,392 education organizations, each measured at its most recent filing year with reported expenses and compensation.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about THE CHELCO FOUNDATION INC
What does the Board Member of THE CHELCO FOUNDATION INC earn?
In 2024, the Board Member of THE CHELCO FOUNDATION INC received $354,029 in total compensation. This pay is in the top 10% for Board Member roles among Education organizations in Florida: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Board Member pay at THE CHELCO FOUNDATION INC compare with similar nonprofits?
Compared with the same role at Education organizations in Florida, the 2024 pay of the Board Member at THE CHELCO FOUNDATION INC falls in the top 10%. In 2024, the highest total compensation at THE CHELCO FOUNDATION INC equaled 300% of the organization's total expenses. The median for education organizations is 6%.
What are THE CHELCO FOUNDATION INC's revenue and expenses?
In 2024, THE CHELCO FOUNDATION INC reported $96k in total revenue and $118k in total expenses on its IRS Form 990.
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