Central New Mexico Electric Cooperative Incorporated

Organization Overview

Central New Mexico Electric Cooperative Incorporated is located in Mountainair, NM. The organization was established in 1952. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Central New Mexico Electric Cooperative Incorporated employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central New Mexico Electric Cooperative Incorporated is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Central New Mexico Electric Cooperative Incorporated generated $38.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $38.1m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HIGH QUALITY ELECTRIC SERVICES TO ITS MEMBERS ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 18,464 METERS/SERVICES AT YEAR END.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
R&r Line Services Inc
Contractor - Distribution Lines
$563,697
Rodey Dickason Sloan Akin & Robb Pa
Legal Services
$113,222
Nisc
Software Services
$314,682
View All Vendors

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$36,380,369
Investment income $147,633
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $29,729
Net Gain/Loss on Asset Sales $278,026
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$8,760
Miscellaneous Revenue$0
Total Revenue $37,969,143

Grants Awarded

Over the last fiscal year, Central New Mexico Electric Cooperative Incorporated has awarded $13,532 in support to 2 organizations.

Grant RecipientAmount

LINCOLN COUNTY FAIR

PURPOSE: LIVESTOCK SHOW AWARDS CONTRIBUTION

$7,041

SANTA FE COUNTY FAIR

PURPOSE: LIVESTOCK SHOW AWARDS CONTRIBUTION

$6,491
View Grant Profile

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