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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Alena Brandenberger CEO | Officer | 50 | $151,448 |
Craig Sizemore Line Foreman | 40 | $125,591 | |
Jeremiah Keck Line Foreman | 40 | $117,880 | |
Patrick Sanchez Line Foreman | 40 | $116,399 | |
Fred Martin Line Foreman | 40 | $112,317 | |
Ernesto Acosta Journeyman Lineman | 40 | $111,430 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
R&r Line Services Inc Contractor - Distribution Lines | 12/30/21 | $563,697 |
Rodey Dickason Sloan Akin & Robb Pa Legal Services | 12/30/21 | $113,222 |
Nisc Software Services | 12/30/21 | $314,682 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $22,694 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $4,068,275 |
Compensation of current officers, directors, key employees. | $420,287 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $3,384,753 |
Pension plan accruals and contributions | $418,893 |
Other employee benefits | $531,941 |
Payroll taxes | $253,925 |
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 | $2,162,287 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,647,064 |
Insurance | $0 |
All other expenses | $283,127 |
Total functional expenses | $38,050,059 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,953,276 |
Savings and temporary cash investments | $2,500,066 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $2,039,803 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $191,000 |
Inventories for sale or use | $2,423,883 |
Prepaid expenses and deferred charges | $2,245,044 |
Net Land, buildings, and equipment | $68,577,723 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $16,952,976 |
Intangible assets | $0 |
Other assets | $1,640,220 |
Total assets | $106,523,991 |
Accounts payable and accrued expenses | $2,838,648 |
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 | $50,018,415 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,672,778 |
Total liabilities | $54,529,841 |
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 | $0 |
Retained earnings, endowment, accumulated income, or other funds | $51,994,150 |
Total liabilities and net assets/fund balances | $106,523,991 |
Over the last fiscal year, Central New Mexico Electric Cooperative Incorporated has awarded $13,532 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
LINCOLN COUNTY FAIR PURPOSE: LIVESTOCK SHOW AWARDS CONTRIBUTION | $7,041 |
SANTA FE COUNTY FAIR PURPOSE: LIVESTOCK SHOW AWARDS CONTRIBUTION | $6,491 |
Organization Name | Assets | Revenue |
---|---|---|
Sulphur Springs Valley Electric Cooperative Inc Willcox, AZ | $321,892,538 | $124,995,046 |
Mid-South Electric Cooperative Association Navasota, TX | $452,923,341 | $112,304,236 |
Trico Electric Cooperative Inc Marana, AZ | $268,045,549 | $107,861,208 |
La Plata Electric Association Inc Durango, CO | $287,521,885 | $109,650,926 |
Karnes Electric Cooperative Inc Karnes City, TX | $202,970,400 | $101,891,775 |
Tri-County Electric Cooperative Inc Hooker, OK | $321,398,945 | $100,998,279 |
Deep East Texas Electric Co-Operative Inc San Augustine, TX | $258,283,792 | $99,942,050 |
Upshur-Rural Electric Cooperative Corporation Gilmer, TX | $245,628,727 | $98,243,041 |
San Bernard Electric Cooperative Incorporated Bellville, TX | $290,497,219 | $97,543,303 |
Lea County Electric Cooperative Inc Lovington, NM | $232,536,118 | $95,597,033 |
Bandera Electric Cooperative Inc Bandera, TX | $290,540,608 | $89,188,257 |
Nueces Electric Cooperative Inc Robstown, TX | $212,095,793 | $88,707,765 |