Roosevelt County Electric Education Foundation
- Assets
- $2.0m
- Revenue
- $368.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Portales, NM
- Founding
- 05/1987
- Data as of
- 12/2023
- EIN
- 85-0350615
Organization Overview
Roosevelt County Electric Education Foundation is located in Portales, NM. The organization was established in 1987. 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. Roosevelt County 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 12/2023, Roosevelt County Electric Education Foundation generated $368.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $139.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Roosevelt County Electric Education Foundation has awarded 197 individual grants totaling $434,869. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF ROOSEVELT COUNTY ELECTRIC COOPERATIVE, INC. AND TO IMMEDIATE MEMBERS OF THEIR FAMILY.
WASHINGTON GOVERNMENT IN ACTION YOUTH TOUR SCHOLARSHIPS AWARDED TO ACTIVE MEMBERS OF ROOSEVELT COUNTY ELECTRIC COOPERATIVE, INC AND/OR THEIR IMMEDIATE FAMILY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Collins President | 1 | $0 | |
Charles Bennett Jr Vice President | 1 | $0 | |
Chris Duncan Secretary/treasurer | 1 | $0 | |
Leon Nall Trustee | 1 | $0 | |
Gene Creighton Trustee | 1 | $0 | |
Brandon Dewbre Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $266,969 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,774 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $82,474 |
| Capital Gain Net Income | $82,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $368,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,596 |
| Total operating and administrative expenses | $3,846 |
| Contributions, gifts, grants paid | $135,500 |
| Total expenses and disbursements | $139,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,017,454 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,017,454 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Roosevelt County Electric Education Foundation has awarded $135,500 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL R CAMERON PURPOSE: SCHOLARSHIP | $2,500 |
ALI M TERRY PURPOSE: SCHOLARSHIP | $1,000 |
ALLIE LUSCOMBE PURPOSE: SCHOLARSHIP | $4,000 |
ALYSSA MCALISTER PURPOSE: SCHOLARSHIP | $2,500 |
ANGELINA C MAESTAS PURPOSE: SCHOLARSHIP | $1,000 |
AVERY PIPKIN PURPOSE: SCHOLARSHIP | $4,000 |