Sulphur Springs Valley Electric Cooperative Foundation
- Assets
- $3.2m
- Revenue
- $86.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Willcox, AZ
- Founding
- 04/1985
- Data as of
- 12/2021
- EIN
- 86-0488826
Organization Overview
Sulphur Springs Valley Electric Cooperative Foundation is located in Willcox, AZ. The organization was established in 1985. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sulphur Springs Valley Electric Cooperative 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, Sulphur Springs Valley Electric Cooperative Foundation generated $86.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $152.6k during the year ending 12/2021. While expenses have increased by 0.4% 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 2019, Sulphur Springs Valley Electric Cooperative Foundation has awarded 337 individual grants totaling $434,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON YOUTH TOUR - FOUNDATION PAID FOR STUDENTS AND CHAPERONES TO ATTEND ANNUAL WASHINGTON YOUTH TOUR. THE WASHINGOTN YOUTH TOUR WAS CANCELED DUE TO COVID-19, SO THE FOUNDATION AWARDED SCHOLARSHIPS AND CASH AWARDS TO 6 QUALIFIED STUDENTS.
YOUTH ENGINEERING SCIENCE FAIR AND INTERNATIONAL SCIENCE AND ENGINEERING FAIR - FOUNDATION PAID FOR EXPENSES AND CASH REWARDS FOR STUDENTS AND ADVISORS TO ATTEND THE ANNUAL YOUTH ENGINEERING SCIENCE FAIR AND INTERNATIONAL SCIENCE AND ENGINEERING FAIR.
DURING 2021, 52 STUDENTS RECEIVED EITHER $750 OR $1,500 IN SCHOLARSHIP FUNDS FROM THE FOUNDATION. ADDITIONALLY, $10,000 WAS GIVEN TO EACH THE COCHISE COLLEGE FOUNDATION AND THE UNIVERSITY SOUTH FOUNDATION TO PROVIDE SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Redmond Vice President | 1 | $0 | |
Curtis Nolan President | 1 | $0 | |
Joseph Beam Treasurer | 1 | $0 | |
Dan Barrera Secretary | 1 | $0 | |
Tom Goodman Director | 1 | $0 | |
Kathy Thatcher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,361 |
| Interest on Savings | $5,682 |
| 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 | $86,043 |
| 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 | $32,406 |
| Total operating and administrative expenses | $38,091 |
| Contributions, gifts, grants paid | $114,500 |
| Total expenses and disbursements | $152,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,466 |
| Savings and temporary cash investments | $3,094,005 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $16,439 |
| Total assets | $3,220,910 |
| Accounts payable and accrued expenses | $27,750 |
| Grants payable | $54,000 |
| 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 | $81,750 |
Grants Awarded
Over the last fiscal year, Sulphur Springs Valley Electric Cooperative Foundation has awarded $163,700 in support to 91 organizations.
| Grant Recipient | Amount |
|---|---|
Sierra Vista, AZ PURPOSE: TO PROVIDE FUNDS FOR HIGHER EDUCATION | $10,000 |
Douglas, AZ PURPOSE: TO PROVIDE FUNDS FOR HIGHER EDUCATION | $10,000 |
MADISON MONBLEAU PURPOSE: SCHOLARSHIP | $4,000 |
NEPHI HIGGINBOTHAM PURPOSE: SCHOLARSHIP | $4,000 |
CLAIRE DALEY PURPOSE: SCHOLARSHIP | $4,000 |
KHEZIALINE ROSE G PEROLINO PURPOSE: SCHOLARSHIP | $3,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sulphur Springs Valley Electric Cooperative Foundation has recieved totaling $14,400.
| Awarding Organization | Amount |
|---|---|
Sulphur Springs Valley Electric Cooperative Inc Willcox, AZ PURPOSE: WASHINGTON YOUTH TOUR 2020 CASH AWARDS TO STUDENTS | $14,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |