Jemez Mountains Electric Foundation
- Assets
- $1.3m
- Revenue
- $12.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Espanola, NM
- Founding
- 06/1969
- Data as of
- 12/2023
- 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 12/2023, Jemez Mountains Electric Foundation generated $12.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $93.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Jemez Mountains Electric Foundation has awarded 108 individual grants totaling $362,385. 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
2023
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 2023 TAX YEAR THE FOUNDATION PROVIDED 16 STUDENTS $4,000 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Trujillo President | 1 | $0 | |
Manuel N Bustos Vice President | 1 | $0 | |
Marcelina Martinez Treasurer | 1 | $0 | |
Dolores Mccoy Secretary | 1 | $0 | |
Henry Roybal 823 - 1223 Assistant Secretary/treasurer | 1 | $0 | |
John Ramon Vigil Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,645 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27,167 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,716 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,284 |
| Total operating and administrative expenses | $29,365 |
| Contributions, gifts, grants paid | $64,000 |
| Total expenses and disbursements | $93,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,793 |
| Savings and temporary cash investments | $1,324,996 |
| 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 | $1,347,789 |
| 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 $64,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LETISHA ORTIZ PURPOSE: SCHOLARSHIP | $4,000 |
MIA CASADOS PURPOSE: SCHOLARSHIP | $4,000 |
GABRIEL SALAZAR PURPOSE: SCHOLARSHIP | $4,000 |
JAYDN MARTINEZ PURPOSE: SCHOLARSHIP | $4,000 |
UNICA MAY PURPOSE: SCHOLARSHIP | $4,000 |
CLAYTON CHAVEZ PURPOSE: SCHOLARSHIP | $4,000 |