Jemez Mountains Electric Foundation
- Assets
- $1.6m
- Revenue
- $218.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Espanola, NM
- Founding
- 06/1969
- Data as of
- 12/2021
- EIN
- 23-7022094
Organization Overview
Jemez Mountains Electric Foundation is located in Espanola, NM. The organization was established in 1969. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jemez Mountains Electric Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Jemez Mountains Electric Foundation generated $218.9k in total revenue. All expenses for the organization totaled $72.5k during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jemez Mountains Electric Foundation has awarded 63 individual grants totaling $182,385. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF JEMEZ MOUNTAINS ELECTRIC COOPERATIVE, INC. OR MEMBERS OF THEIR IMMEDIATE FAMILY. DURING THE 2021 TAX YEAR THE FOUNDATION PROVIDED 18 STUDENTS $4,000 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel N Bustos Vice Chair | 1 | $0 | |
John Ramon Vigil Secretary | 1 | $0 | |
Dennis Trujillo Chair | 1 | $0 | |
Dennis Gallegos Trustee | 1 | $0 | |
Elias Coriz Trustee | 1 | $0 | |
Marcelina Martinez Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,456 |
| Interest on Savings | $0 |
| Dividends & Interest | $38,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $177,247 |
| Capital Gain Net Income | $177,247 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $218,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $380 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $26,067 |
| Contributions, gifts, grants paid | $46,385 |
| Total expenses and disbursements | $72,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,620 |
| Savings and temporary cash investments | $1,523,782 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,587,402 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $182,385 |
| Other liabilities | $0 |
| Total liabilities | $182,385 |
Grants Awarded
Over the last fiscal year, Jemez Mountains Electric Foundation has awarded $46,385 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ARIEL TAPIA PURPOSE: SCHOLARSHIP | $4,000 |
LEAH TRUJILLO PURPOSE: SCHOLARSHIP | $4,000 |
JACQUELYN GONZALES PURPOSE: SCHOLARSHIP | $4,000 |
ANITA DE AGUERO PURPOSE: SCHOLARSHIP | $4,000 |
AYANA AGUIRRE PURPOSE: SCHOLARSHIP | $4,000 |
ANDRES CHACON PURPOSE: SCHOLARSHIP | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hoblitzelle Foundation Dallas, TX | $135,054,358 | $12,987,577 |
Schlessman Foundation Inc Denver, CO | $82,645,895 | $9,127,697 |
Hillcrest Foundation Dallas, TX | $133,849,487 | $13,362,957 |
Huffington Foundation Houston, TX | $143,567,137 | $11,559,123 |
Marilyn And Sonny Oates Foundation Dallas, TX | $9,716,063 | $15,482,909 |
Frank E & Seba B Payne Foundation 31-55459-5 Dallas, TX | $0 | $7,949,536 |
Ewing Halsell Foundation San Antonio, TX | $128,225,154 | $18,962,628 |
Winifred Stevens Foundation Tempe, AZ | $145,980,607 | $5,750,312 |
Arizona Sheet Metal Trade Trust Fund Phoenix, AZ | $16,953,948 | $8,730,285 |
Pivotal Foundation Phoenix, AZ | $29,461,930 | $23,938,101 |
Knobloch Family Foundation Houston, TX | $166,642,525 | $7,681,170 |
Ben And Catherine Ivy Foundation Scottsdale, AZ | $302,350,252 | $12,975,372 |