Lobo Energy Incorporated

Organization Overview

Lobo Energy Incorporated is located in Albuquerque, NM. The organization was established in 1999. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 06/2022, Lobo Energy Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lobo Energy Incorporated 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 06/2022, Lobo Energy Incorporated generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

LOBO ENERGY, INC., IS ORGANIZED TO SUPPORT THE UNIVERSITY OF NEW MEXICO FOR THE PURPOSES OF GENERALLY PROVIDING CONTRACTUAL SERVICES, INCLUDING FINANCING, OPERATING, IMPROVING, AND EXPANDING THE UNIVERSITY'S UTILITIES SERVICES INFRASTRUCTURE, AND FOR ALL OTHER PURPOSES PERMITTED UNDER THE UNIVERSITY RESEARCH PARK AND ECONOMIC DEVELOPMENT ACT (CHAPTER 21, ARTICLE 28 NMSA 1978). THE PURPOSES STATED ARE LIMITED TO THOSE PURPOSES THAT COME WITHIN THE MEANING OF AND COMPLY WITH SECTION 501(C)(3) OF THE CODE OR WITH CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE CODE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOBO ENERGY, INC. WAS FORMED BY THE REGENTS OF THE UNIVERSITY OF NEW MEXICO IN 1998 TO MANAGE THE UPGRADE OF THE UTILITY INFRASTRUCTURE AND PROVIDE UTILITY MANAGEMENT SERVICES TO UNM. LOBO ENERGY HAS UPGRADED THE INFRASTRUCTURE AND HAS IMPLEMENTED AND IS OVERSEEING AN EXTENSIVE ENERGY CONSERVATION PROGRAM ON THE CAMPUS.


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Board, Officers & Key Employees

Name (title)Compensation
Jason Strauss
President/ceo
$140,610
Matthew Cherrin
Vice President
$91,549
Julie Alberti
CFO
$55,017
Alfred Sena
Vice President
$0
Garnett Stokes
Director
$0
Kate Becker
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$2,171,065
Investment income $5,971
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,177,036

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