Jemez Mountains Electric Cooperative Inc
- Assets
- $130.4m
- Revenue
- $50.5m
- Investments
- $0.0
- Employees
- 137
- Location
- Espanola, NM
- Founding
- 07/1954
- Data as of
- 12/2022
- EIN
- 85-0098061
Organization Overview
Jemez Mountains Electric Cooperative Inc is located in Espanola, NM. The organization was established in 1954. 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 12/2022, Jemez Mountains Electric Cooperative Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jemez Mountains Electric Cooperative Inc 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 12/2022, Jemez Mountains Electric Cooperative Inc generated $50.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $53.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RELIABLE AND AFFORDABLE POWER THROUGHOUT SERVICE AREAS ON A COOPERATIVE BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SALE OF ELECTRIC ENERGY TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 31,658 ACTIVE SERVICES AT YEAR END.
SALE OF ELECTRIC ENERGY TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 31,658 ACTIVE SERVICES AT YEAR END.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dennis Trujillo President | OfficerTrustee | 10.7 | $12,582 |
Manuel Bustos Vice President | OfficerTrustee | 11.3 | $13,068 |
John Ramon Vigil Secretary | OfficerTrustee | 7.8 | $10,782 |
Dolores Mccoy Treasurer | OfficerTrustee | 6.7 | $9,277 |
Marcelina Martinez Trustee | Trustee | 6.9 | $9,972 |
Elias Coriz Trustee | Trustee | 5.8 | $8,957 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
4g Electric Inc Construction Contractor | 12/30/22 | $4,307,059 |
Family Tree Service Tree Trimming | 12/30/22 | $608,351 |
Conley Inc Tree Trimming | 12/30/22 | $492,197 |
Coppler Law Firm Pc Attorney | 12/30/22 | $398,641 |
4g Powerline Inc Electric Powerline Contractor | 12/30/22 | $393,597 |
4g Electric Inc Construction Contractor | 12/30/22 | $4,307,059 |
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 | $50,259,992 |
| Investment income | $92,775 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$8,522 |
| Net Gain/Loss on Asset Sales | -$707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,528,193 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,377 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $468,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,867,428 |
| Pension plan accruals and contributions | $398,584 |
| Other employee benefits | $1,047,283 |
| Payroll taxes | $536,444 |
| 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 | $2,074,865 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,823,677 |
| Insurance | $0 |
| All other expenses | $712,889 |
| Total functional expenses | $53,920,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,105,298 |
| Savings and temporary cash investments | $988,548 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,890,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $178,793 |
| Inventories for sale or use | $3,580,586 |
| Prepaid expenses and deferred charges | $647,827 |
| Net Land, buildings, and equipment | $84,753,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $23,466,333 |
| Intangible assets | $0 |
| Other assets | $9,797,573 |
| Total assets | $130,408,510 |
| Accounts payable and accrued expenses | $6,338,005 |
| 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 | $61,590,054 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,256,838 |
| Total liabilities | $70,184,897 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $115,690 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $60,107,923 |
| Total liabilities and net assets/fund balances | $130,408,510 |