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| Home > Community Service >
Operation Round-Up® |

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| Since IEC's inception, we have been dedicated
to improving the quality of life of people in IEC's service
area. We do this by not only providing affordable electric
service to our members, but also by our active involvement
in a number of important endeavors.
One of the most successful community efforts in which we're
involved has been the Operation Round Up® program. Operation
Round Up has been an incredibly successful way in which we
have been able to help organizations and individuals in our
area. Through Operation Round Up, IEC rounds up participating
member's electric bills to the next highest dollar. For example,
a member's monthly bill of $52.73 would be automatically rounded
up to $53.00, with the additional 27 cents going to the Operation
Round Up Fund. On an annual basis, we are able to donate roughly
six dollars for each participating customer - and that pool
of money is then allocated to a variety of worthy causes throughout
our service area. This tax-deductable contribution opportunity extends to IEC members and non-members as well.
If you would like to sign up for the Operation Round Up® program, simply give us a call or fillout our online sign-up form.
If you are currently participating in the Operation Round Up® program and would like an additional amount contributed to Operation Round Up each month, simply give us a call or fillout our additional contribution amount online form.
If you would like to make a one-time lump sum contribution to the Operation Round Up, simply give us a call or fillout our one-time lump sum online form.
Non-members who would like to make a tax deductible one-time contribution may do so by calling us at (918) 358-2514 for payment options and mailing instructions or by visiting our Cleveland or Fairfax offices during normal business hours (7:30am - 4pm Monday - Friday).
To request an individual or non-profit organization Operation Round-Up grant application, please contact Clara Eulert, IEC Member Services, 918) 295-9558 or 358-2514, M-F 7:30a - 4:00p. Applicants must live within the IEC service territory. An application will be mailed to the address you provide. Your original signature is required to process the grant application.
(918) 358-2514or(800) 482-2750 |
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2005 |
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2004 |
| Changes in Unrestricted net assets: |
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| Revenues: |
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Operation Round Up |
$41,707.53 |
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$40,111.81 |
Investment Income |
1464.00 |
|
1,094.98 |
Total |
$43,171.53 |
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$41,206.79 |
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| Expenses: |
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Grants to: |
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Fire and police agencies |
1,785.00 |
|
1,050.00 |
Educational organizations |
2,750.00 |
|
3,300.00 |
Religious organizations |
0.00 |
|
- |
Health care organizations |
615.87 |
|
2,000.00 |
Civic organization |
2,210.00 |
|
2,822.17 |
Public libraries |
0.00 |
|
1,000.00 |
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Total |
$7,360.87 |
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$10,172.17 |
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Neighbor Assistance: |
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Food and household staples |
2,594.03 |
|
1,223.57 |
Medical and dental care |
3,104.37 |
|
1,265.73 |
Clothing |
0.00 |
|
- |
Home improvement |
1,899.00 |
|
1,459.72 |
House and car payments |
23,508.23 |
|
22,047.34 |
Miscellaneous |
3,013.61 |
|
1,062.22 |
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Total |
$34,119.24 |
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$27,058.58 |
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Support Expenses: |
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Audit fees |
1,175.00 |
|
1,175.00 |
Office supplies |
39.06 |
|
104.50 |
Travel expense |
3,074.36 |
|
2,690.26 |
Postage |
0.00 |
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- |
Miscellaneous |
100.00 |
|
100.00 |
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Total |
$4,388.42 |
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$4,069.31 |
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| Increase (Decrease) in unrestricted net assets |
(2,697.00) |
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(93.27) |
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| Net assets at beginning of year |
56,380.74 |
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56,474.01 |
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| Net assets at end of year |
$53,683.74 |
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$56,380.74 |
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| Assets: |
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Cash |
2,751.53 |
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2,113.27 |
Savings |
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3,214.55 |
Investments |
50,932.21 |
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51,052.92 |
Total Assets |
53,683.74 |
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$56,380.74 |
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| Liabilities and net assets: |
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Total liabilities |
- |
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- |
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| Net assets: |
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Unrestricted |
$53,683.74 |
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$56,380.74 |
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