Otero County Electric Education Foundation

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 12/2021, Otero County Electric Education Foundation generated $403.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $154.0k during the year ending 12/2021. While expenses have increased by 11.5% per year over the past 4 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.

Since 2020, Otero County Electric Education Foundation has awarded 481 individual grants totaling $632,000. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $209,624
Interest on Savings $187,601
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $6,098
Capital Gain Net Income $6,098
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $403,323

Grants Awarded

Over the last fiscal year, Otero County Electric Education Foundation has awarded $208,000 in support to 159 organizations.

Grant RecipientAmount

BONNIE GONZALES

PURPOSE: SCHOLARSHIP

$2,000

CHASE DICTSON

PURPOSE: SCHOLARSHIP

$2,000

ASHLEIGH HALL

PURPOSE: SCHOLARSHIP

$2,000

GRACE MYERS

PURPOSE: SCHOLARSHIP

$2,000

DAKOTA HAZEN

PURPOSE: SCHOLARSHIP

$2,000

CLAY STEARNS

PURPOSE: SCHOLARSHIP

$2,000
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