New Mexico Affordable Reliable Energy Alliance

Organization Overview

New Mexico Affordable Reliable Energy Alliance is located in Santa Fe, NM. The organization was established in 1989. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Affordable Reliable Energy Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2022, New Mexico Affordable Reliable Energy Alliance generated $740.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $735.1k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ENSURE THAT MEMBERS RECEIVE JUST AND REASONABLE ENERGY RATES

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION INTERVENED IN NUMEROUS CASES BEFORE THE NM SECRETARY OF STATE REGARDING INCREASES IN ELECTRICAL AND GAS RATES. IT ALSO WORKS NATIONALLY AND REGIONALLY TO HELP MAKE LAWMAKERS AWARE OF ENERGY ISSUES FOR THE LARGE CONSUMER.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Brubaker & Associates
Consultant
$138,682
Peter J Gould Attorney At Law Inc
Legal
$575,250
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$740,496
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$740,496
Total Program Service Revenue$0
Investment income $24
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $740,520

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