Otero County Electric Education Foundation
- Assets
- $1.6m
- Revenue
- $81.0k
- Investments
- $774.7k
- Employees
- 0
- Location
- Cloudcroft, NM
- Founding
- 07/1990
- Data as of
- 12/2023
- EIN
- 85-0374112
Organization Overview
Otero County Electric Education Foundation is located in Cloudcroft, NM. The organization was established in 1990. 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. Otero 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, Otero County Electric Education Foundation generated $81.0k 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 (21.1%) each year. All expenses for the organization totaled $174.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Otero County Electric Education Foundation has awarded 605 individual grants totaling $901,500. 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 OTERO COUNTY ELECTRIC COOPERATIVE, INC. AND TO THEIR IMMEDIATE FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Mulcock President | 1 | $0 | |
Denny Burnett Vice President | 1 | $0 | |
Scott Shafer Treasurer | 1 | $0 | |
Marty Mills Secretary | 1 | $0 | |
Preston Stone Trustee | 1 | $0 | |
Bill Bird Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $183,140 |
| Interest on Savings | $68,190 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$170,371 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,959 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $113 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $635 |
| Total operating and administrative expenses | $8,781 |
| Contributions, gifts, grants paid | $166,000 |
| Total expenses and disbursements | $174,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $289,574 |
| Savings and temporary cash investments | $527,654 |
| 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 | $3,897 |
| Total assets | $1,595,789 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $85,000 |
| 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 | $85,000 |
Grants Awarded
Over the last fiscal year, Otero County Electric Education Foundation has awarded $247,500 in support to 141 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHULETA NICKOLAS PURPOSE: SCHOLARSHIP | $3,000 |
ARTIAGA BIANCA PURPOSE: SCHOLARSHIP | $2,500 |
BARBIE KRISTA PURPOSE: SCHOLARSHIP | $1,000 |
BARNES EMILY PURPOSE: SCHOLARSHIP | $3,000 |
BERNINO ISABELLA PURPOSE: SCHOLARSHIP | $1,500 |
BARELA MELISSA PURPOSE: SCHOLARSHIP | $2,500 |