Cdec Ll Inc
- Assets
- $10.5m
- Revenue
- $105.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Grants, NM
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-3954266
Organization Overview
Cdec Ll Inc is located in Grants, NM. The organization was established in 2018. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cdec Ll Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOLDING TITLE TO PROPERTY FOR SOLE BENEFIT OF A SECTION 501(C)(12) TAX-EXEMPT ELECTRIC CO-OP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HOLDS TITLE TO PROPERTY, COLLECTS INCOME THEREFROM, AND TURNS OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO CONTINENETAL DIVIDE ELECTRIC COOPERATIVE, INC. (CDEC), A NEW MEXICO NONPROFIT CORPORATION DESCRIBED IN, AND EXEMPT FROM FEDERAL INCOME TAXES, UNDER CODE SECTION 501(C)(12). THE CORPORATION HOLDS TITLE TO PERSONAL AND INTANGIBLE PROPERTY ASSOCIATED WITH THE MISSION OF CDEC AND RECEIVES INTEREST INCOME FROM THE APPLICABLE HOLDINGS IN THE FORM OF A LOAN. ACCORDINLY, THE ORGANIZATION MADE CASH DISTRIBUTION OF $104,951 EQUAL TO CURRENT NET INTEREST EARNINGS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Gottlieb President | OfficerTrustee | 0.5 | $0 |
Gwyn Hoskins Treasurer | OfficerTrustee | 0.5 | $0 |
Greg Albert Secretary | OfficerTrustee | 0.5 | $0 |
William Dixon Director | Trustee | 0.5 | $0 |
Claudio Romero Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $104,951 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $104,951 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $104,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,495,050 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,495,050 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $10,495,050 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,495,050 |