Farmers Electric Education Foundation
- Assets
- $1.7m
- Revenue
- $270.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Clovis, NM
- Founding
- 11/1986
- Data as of
- 12/2021
- EIN
- 85-0348498
Organization Overview
Farmers Electric Education Foundation is located in Clovis, NM. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Farmers Electric Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Farmers Electric Education Foundation generated $270.3k in total revenue. All expenses for the organization totaled $67.4k during the year ending 12/2021. While expenses have increased by 10.9% per year over the past 4 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.
Since 2019, Farmers Electric Education Foundation has awarded 176 individual grants totaling $177,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF FARMERS ELECTRIC COOPERATIVE, INC. AND TO THEIR IMMEDIATE FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael West President | 0.31 | $0 | |
George Dodge Vice President | 0.31 | $0 | |
Donnie Bidegain Secretary/treasurer | 0.31 | $0 | |
Pat Woods Director | 0.31 | $0 | |
Judy Smith Director | 0.31 | $0 | |
Justin Barnes Director | 0.31 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $162,023 |
| Interest on Savings | $0 |
| Dividends & Interest | $23,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,667 |
| Capital Gain Net Income | $84,667 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $270,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,745 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26 |
| Total operating and administrative expenses | $3,371 |
| Contributions, gifts, grants paid | $64,000 |
| Total expenses and disbursements | $67,371 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,932 |
| Savings and temporary cash investments | $20,000 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,582,256 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13 |
| Total assets | $1,745,201 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $211 |
| Total liabilities | $211 |
Grants Awarded
Over the last fiscal year, Farmers Electric Education Foundation has awarded $64,000 in support to 64 organizations.
| Grant Recipient | Amount |
|---|---|
ELI OLIVER PURPOSE: SCHOLARSHIP | $1,000 |
EMMA SHERWOOD PURPOSE: SCHOLARSHIP | $1,000 |
BAYLEE N LAVENDER PURPOSE: SCHOLARSHIP | $1,000 |
ANGELIQUE TENORIO PURPOSE: SCHOLARSHIP | $1,000 |
BROOKE A DUKE PURPOSE: SCHOLARSHIP | $1,000 |
ENRIQUE JARAMILLO PURPOSE: SCHOLARSHIP | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Houston Foundation Houston, TX | $176,095,945 | $16,062,659 |
Colorado Mesa University Foundation Grand Junciton, CO | $51,533,089 | $12,141,497 |
Dsst Public Schools Foundation Denver, CO | $32,542,761 | $13,664,687 |
Harmony Education Foundation Houston, TX | $114,104,071 | $8,179,563 |
University Of Houston Law Foundation Houston, TX | $45,914,455 | $12,108,059 |
San Tan Montessori School Inc Gilbert, AZ | $28,267,534 | $9,003,617 |
The Texas A & M University Commerce Foundation Commerce, TX | $38,245,128 | $4,326,106 |
Colorado State University-Pueblo Foundation Pueblo, CO | $68,008,177 | $8,127,637 |
Alamo Colleges Foundation Inc San Antonio, TX | $77,782,031 | $21,582,510 |
Texas Music Educators Association Inc Austin, TX | $10,305,852 | $5,351,237 |
Denver Public Library Friends Foundation Denver, CO | $13,953,540 | $6,255,598 |
Texas High School Rodeo Association Inc Center, TX | $1,481,050 | $6,538,446 |