Columbus Electric Scholarship Inc
- Assets
- $884.8k
- Revenue
- $118.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Deming, NM
- Founding
- 01/1990
- Data as of
- 12/2023
- EIN
- 85-0373471
Organization Overview
Columbus Electric Scholarship Inc is located in Deming, NM. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Columbus Electric Scholarship Inc 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, Columbus Electric Scholarship Inc generated $118.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $40.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Columbus Electric Scholarship Inc has awarded 107 individual grants totaling $100,650. 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 ACTIVE MEMBERS OF COLUMBUS ELECTRIC COOPERATIVE, INC. AND TO THEIR IMMEDIATE FAMILIES.
SPONSORSHIPS FOR THE HIDALGO COUNTY FAIR AND THE SOUTHWESTERN NEW MEXICO STATE FAIR.
THE FOUNDATION SPONSORS A STUDENT TO ATTEND THE NEW MEXICO RURAL ELECTRIC COOPERATIVE ASSOCIATION WASHINGTON GOVERNMENT IN ACTION YOUTH TOUR. THE TOUR IS FOR 11TH AND 12TH GRADE STUDENTS. THE TOUR IS FOR ONE WEEK IN WASHINGTON DC, AND IS DESIGNED TO TEACH THE STUDENTS MORE ABOUT OUR GOVERNMENT AND HOW IT OPERATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy L Massey President | 1 | $0 | |
Nancy Clopton Vice-President | 1 | $0 | |
William A Swift Secretary/treasurer | 1 | $0 | |
Joel Nanez Assistant Secretary/treasu | 1 | $0 | |
Shannon Nunn Member | 1 | $0 | |
Joe Johnson Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $99,377 |
| Interest on Savings | $17,925 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,500 |
| Total Revenue | $118,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $51 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,967 |
| Total operating and administrative expenses | $5,918 |
| Contributions, gifts, grants paid | $34,500 |
| Total expenses and disbursements | $40,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $884,812 |
| 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 | $884,812 |
| 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, Columbus Electric Scholarship Inc has awarded $34,500 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ABIGAIL CUSHMAN PURPOSE: SCHOLARSHIP | $750 |
ADRIAN HERNANDEZ PURPOSE: SCHOLARSHIP | $1,750 |
ADDY M OFFUTT PURPOSE: SCHOLARSHIP | $1,000 |
AZURE GREEN PURPOSE: SCHOLARSHIP | $1,000 |
BRITTNEY LABORIN PURPOSE: SCHOLARSHIP | $1,750 |
BRYE BAPTISTE PURPOSE: SCHOLARSHIP | $1,750 |