Southwestern Electric Cooperative Education Foundation
- Assets
- $81.9k
- Revenue
- $1.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Clayton, NM
- Founding
- 12/1989
- Data as of
- 05/2023
- EIN
- 85-0376832
Organization Overview
Southwestern Electric Cooperative Education Foundation is located in Clayton, NM. The organization was established in 1989. 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. Southwestern Electric Cooperative 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 05/2023, Southwestern Electric Cooperative Education Foundation generated $1.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.7%) each year. All expenses for the organization totaled $9.0k during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE AWARDING OF EDUCATIONAL SCHOLARSHIPS TO ANY PERSON LIVING IN A RESIDENCE RECEIVING ELECTRIC POWER FROM SOUTHWESTERN ELECTRIC COOPERATIVE.
FUNDS TO HELP SPONSOR THE LOCAL COUNTY FAIR. STUDENTS IN THE SERVICE AREA PARTICIPATE IN THE FAIR THROUGH CONTESTS AND SHOWING OF ANIMALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Gilbert President | 2 | $0 | |
Joe Reeser Vice-Preside | 2 | $0 | |
Roy Perschbacher Secretary/tr | 2 | $0 | |
Jack Chatfield Trustee | 2 | $0 | |
Ron Green Trustee | 2 | $0 | |
Renee Rinestine Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $860 |
| Interest on Savings | $1,051 |
| 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 | $0 |
| Total Revenue | $1,911 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $860 |
| Contributions, gifts, grants paid | $8,150 |
| Total expenses and disbursements | $9,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,882 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $70,000 |
| 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 | $81,882 |
| 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, Southwestern Electric Cooperative Education Foundation has awarded $8,150 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
UNION COUNTY FAIR ASSOCIATION PURPOSE: SUPPORT LOCAL STUDENTS-COUNTY FAIR | $4,500 |
CALLIE BATES PURPOSE: SCHOLARSHIP | $500 |
COOPER ARRINGTON PURPOSE: SCHOLARSHIP | $1,000 |
HADLEY MILLER PURPOSE: SCHOLARSHIP | $1,000 |
JAYLEE JUDD PURPOSE: SCHOLARSHIP | $1,000 |
HARDING COUNTY FAIR PURPOSE: SUPPORT LOCAL STUDENTS - COUNTY FAIR | $150 |