Roosevelt County Rural Telephone Education Foundation
- Assets
- $303.6k
- Revenue
- $19.7k
- Investments
- $299.7k
- Employees
- 0
- Location
- Portales, NM
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 85-0452616
Organization Overview
Roosevelt County Rural Telephone Education Foundation is located in Portales, NM. The organization was established in 1999. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt County Rural Telephone 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, Roosevelt County Rural Telephone Education Foundation generated $19.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $17.1k during the year ending 12/2021. While expenses have increased by 4.1% 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.
Form
990PF
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 ROOSEVELT COUNTY RURAL TELEPHONE COOPERATIVE,INC. AND TO IMMEDIATE FAMILY OF SUCH MEMBERS. DURING 2021, 16 STUDENTS RECEIVED A $1,000 SCHOLARSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence R Fouts President | 1 | $0 | |
Jimmy Duncan Vice-President | 1 | $0 | |
Randy Lieb Secretary/ Treasurer | 1 | $0 | |
Scott Dickerman Director | 1 | $0 | |
David C Sanders Jr Director | 1 | $0 | |
Shelly Buzard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,100 |
| Interest on Savings | $369 |
| Dividends & Interest | $7,237 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,000 |
| Capital Gain Net Income | $9,000 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,706 |
| 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 | $1,103 |
| Contributions, gifts, grants paid | $16,000 |
| Total expenses and disbursements | $17,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,966 |
| 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 | $298,618 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $303,625 |
| 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, Roosevelt County Rural Telephone Education Foundation has awarded $16,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
CHANCE ESSARY PURPOSE: SCHOLARSHIP | $1,000 |
CHANDEN NEECE PURPOSE: SCHOLARSHIP | $1,000 |
BENJAMIN LOEWEN PURPOSE: SCHOLARSHIP | $1,000 |
BRILEY NEECE PURPOSE: SCHOLARSHIP | $1,000 |
BRYCIE PAYNE PURPOSE: SCHOLARSHIP | $1,000 |
COLTON ROHRBACH PURPOSE: SCHOLARSHIP | $1,000 |
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|---|---|---|
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