Fiscal year ending 2024. Filed on November 14, 2025.
PO Box 512
Defuniak Springs, Florida 32435
The Chelco Foundation Inc. (EIN: 82-1794757) has filed an IRS Form 990 since fiscal year 2022. In its fiscal year 2024 IRS Form 990 filing, The Chelco Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $547,347. The highest compensated employee at The Chelco Foundation Inc. is Stephen Rhodes Director with fiscal year 2024 compensation of $851,634.
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Employee compensation
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.
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