Northern Rio Arriba Electric Cooperative Inc is located in Chama, NM. The organization was established in 1958. 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, Northern Rio Arriba Electric Cooperative Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northern Rio Arriba 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 12/2021, Northern Rio Arriba Electric Cooperative Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 2.7% 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 AFFORDABLE, QUALITY, AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 3,172 ACTIVE SERVICES AT YEAR END WERE PROVIDEDELECTRICITY IN A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anthony J Mercure Executive Vice President & Ge | Officer | 40 | $94,239 |
Marla C Ulibarri Controller | Officer | 40 | $66,115 |
Tomas Rivas Vice-President | OfficerTrustee | 2.6 | $7,275 |
Leroy Martinez Treasurer | OfficerTrustee | 2.7 | $4,950 |
Steve Rendon President | OfficerTrustee | 7.9 | $4,800 |
Debbie F Manzanares Trustee | Trustee | 3.6 | $4,750 |
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 | $4,894,810 |
Investment income | $4,448 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $53,101 |
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 | $4,952,359 |
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 | $0 |
Compensation of current officers, directors, key employees. | $224,374 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $648,707 |
Pension plan accruals and contributions | $208,173 |
Other employee benefits | $87,332 |
Payroll taxes | $63,813 |
Fees for services: Management | $10,609 |
Fees for services: Legal | $1,887 |
Fees for services: Accounting | $16,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,278 |
Advertising and promotion | $5,068 |
Office expenses | $22,774 |
Information technology | $31,346 |
Royalties | $0 |
Occupancy | $13,642 |
Travel | $58,853 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $29,535 |
Interest | $305,599 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $537,360 |
Insurance | $53,709 |
All other expenses | $0 |
Total functional expenses | $4,875,859 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,663,463 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $436,791 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $259,299 |
Prepaid expenses and deferred charges | $360,494 |
Net Land, buildings, and equipment | $12,680,778 |
Investments—publicly traded securities | $2,721,962 |
Investments—other securities | $0 |
Investments—program-related | $2,791,354 |
Intangible assets | $0 |
Other assets | $172,781 |
Total assets | $21,086,922 |
Accounts payable and accrued expenses | $653,423 |
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 | $8,004,979 |
Other liabilities | $89,910 |
Total liabilities | $8,748,312 |
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 | $12,338,610 |
Total liabilities and net assets/fund balances | $21,086,922 |
Over the last fiscal year, we have identified 1 grants that Northern Rio Arriba Electric Cooperative Inc has recieved totaling $73,472.
Awarding Organization | Amount |
---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $73,472 |
Organization Name | Assets | Revenue |
---|---|---|
Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
Consolidated Mutual Water Company Lakewood, CO | $221,800,692 | $15,225,271 |
Graham County Electric Cooperative Inc Pima, AZ | $54,360,204 | $15,258,294 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Texas Reliability Entity Inc Austin, TX | $5,509,609 | $14,208,096 |
Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Fort Belknap Electric Cooperative Inc Olney, TX | $40,346,904 | $13,174,182 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
J-A-C Electric Cooperative Inc Henrietta, TX | $27,594,358 | $11,304,543 |
Sharyland Water Supply Corporation Alton, TX | $110,187,216 | $13,299,506 |
Military Highway Water Supply Corporation Progreso, TX | $74,721,463 | $12,992,786 |