New Mexico Independent Power Producers Association Inc
- Assets
- $65.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 85-1996285
Organization Overview
New Mexico Independent Power Producers Association Inc is located in Phoenix, AZ. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Independent Power Producers Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, New Mexico Independent Power Producers Association Inc generated $125.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 18.6% each year . All expenses for the organization totaled $89.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NEW MEXICO INDEPENDENT POWER PRODUCERS' REPRESENTATIVES PARTICIPATED IN THE NEW MEXICO PUBLIC REGULATION COMMISSION'S INTEGRATED RESOURCE PLANNING PROCESS. THE IRP PROCESS IS ONGOING AND WILL ALLOW NEW MEXICO INDEPENDENT POWER PRODUCERS' MEMBERS TO ADVOCATE FOR COMPETITIVE AND TRANSPARENT ENERGY PROCUREMENT. INCREASED COMPETITION AND TRANSPARENCY BENEFITS NEW MEXICO CONSUMERS BY PUTTING DOWNWARD PRESSURE ON ELECTRIC PRICES, SHIFTING MARKET RISK AWAY FROM CONSUMERS AND TOWARDS SHAREHOLDERS, AND PROVIDING LOWER CARBON ALTERNATIVES TO PNM'S (THE LARGEST UTILITY IN NEW MEXICO) EXISTING ELECTRIC RESOURCES.ADDITIONALLY, NEW MEXICO INDEPENDENT POWER PRODUCERS' MEMBERS HAVE PARTICIPATED IN STAKEHOLDER MEETINGS AT THE NATIONAL ASSOCIATION OF REGULATED UTILITY COMMISSIONERS (NARUC) IN WASHINGTON DC,AND HOSTED MEETINGS OF WESTERN ENERGY STAKEHOLDERS IN SANTA FE, ALBUQUEQUE, WASHINGTON DC AND SAN DIEGO.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $125,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $125,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $81,324 |
| Professional fees and other payments to independent contractors | $3,295 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,754 |
| Total expenses | $89,373 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $65,151 |
| Other assets | $0 |
| Total assets | $65,151 |
| Total liabilities | $0 |
| Net assets or fund balances | $65,151 |