Central New Mexico Electric Education Foundation
- Assets
- $663.2k
- Revenue
- $125.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Moriarty, NM
- Founding
- 00/0000
- Data as of
- 12/2023
- EIN
- 85-0366030
Organization Overview
Central New Mexico Electric Education Foundation is located in Moriarty, NM. The organization was established in 0000. 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. Central New Mexico 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, Central New Mexico Electric Education Foundation generated $125.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $100.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Central New Mexico Electric Education Foundation has awarded 131 individual grants totaling $179,900. 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
COLLEGE SCHOLARSHIPS TO MEMBERS OF CENTRAL NEW MEXICO ELECTRIC COOPERATIVE OR TO THEIR IMMEDIATE FAMILIES. DURING 2023 45 DIFFERENT STUDENTS RECEIVED SCHOLARSHIPS.
SPONSOR A TRIP TO WASHINGTON, D.C. FOR SEVERAL HIGH SHCOOL JUNIORS WHO RESIDE IN THE COOPERATIVE'S SERVICE AREA. THE TOUR ALLOWS THE STUDENTS TO VISIT HISTORICAL LANDMARKS AND LEARN MORE ABOUT HOW OUR GOVERNMENT FUNCTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duane Frost President | 1 | $0 | |
Wayne Connell Vice-President | 1 | $0 | |
Joseph Vicente Treasurer | 1 | $0 | |
Bill King Secretary | 1 | $0 | |
Lisa Gardner Assistant Secretary | 1 | $0 | |
Santos Tapia Jr Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $136,194 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,205 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $125,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $105 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30,000 |
| Total operating and administrative expenses | $38,508 |
| Contributions, gifts, grants paid | $61,500 |
| Total expenses and disbursements | $100,008 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $663,224 |
| 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 | $663,224 |
| 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, Central New Mexico Electric Education Foundation has awarded $61,500 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
ALAYNA THOMAS PURPOSE: SCHOLARSHIP | $1,500 |
ANDREW LUJAN PURPOSE: SCHOLARSHIP | $1,000 |
ANDREW URQHART PURPOSE: SCHOLARSHIP | $500 |
ANEESA CHAVEZ PURPOSE: SCHOLARSHIP | $3,000 |
ANTHONYSISNEROS PURPOSE: SCHOLARSHIP | $1,000 |
ARECELY CARAVEO PURPOSE: SCHOLARSHIP | $2,000 |