Sulphur Springs Valley Electric Cooperative Foundation
- Assets
- $5.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Willcox, AZ
- Founding
- 04/1985
- Data as of
- 12/2023
- 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 12/2023, Sulphur Springs Valley Electric Cooperative Foundation generated $1.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $331.6k during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 5 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 547 individual grants totaling $989,400. 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
2023
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 FOUNDATION AWARDED SCHOLARSHIPS AND CASH AWARDS TO 9 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 2023, 33 STUDENTS RECEIVED $4,000 IN SCHOLARSHIP FUNDS FROM THE FOUNDATION.
DURING 2023, 3 TEACHERS RECEIVED GRANTS. GRANTS ARE INTENDED TO FACILITATE THE DEVELOPMENT OF INNOVATIVE INSTRUCTIONAL STRATEGIES, HELP CREATE NEW TEACHING MATERIALS, FUND THE PURCHASE OF SUPPLIES OR EQUIPMENT TO ENHANCE THE EDUCATIONAL EXPERIENCE, COVER TRAVEL AND ADMISSION FEES TO EDUCATIONAL FACILITIES, INCLUDING BUT NOT LIMITED TO MUSEUMS, ART EXHIBITIONS, OR SCIENCE CENTERS, OR SPONSOR TEACHER CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curtis Nolan President | 1 | $0 | |
Randy Redmond Vice President | 1 | $0 | |
Lex Herron 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 | $1,067,889 |
| Interest on Savings | $156,310 |
| 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 | $14,643 |
| Total Revenue | $1,238,842 |
| 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 | $162,563 |
| Total operating and administrative expenses | $167,458 |
| Contributions, gifts, grants paid | $164,150 |
| Total expenses and disbursements | $331,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,504 |
| Savings and temporary cash investments | $4,698,589 |
| 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 | $68,857 |
| Total assets | $5,097,950 |
| Accounts payable and accrued expenses | $3,926 |
| Grants payable | $166,250 |
| 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 | $170,176 |
Grants Awarded
Over the last fiscal year, Sulphur Springs Valley Electric Cooperative Foundation has awarded $330,400 in support to 106 organizations.
| Grant Recipient | Amount |
|---|---|
AHNALEA GORDEN PURPOSE: SCHOLARSHIP | $4,000 |
ALEXIS LENTZ PURPOSE: SCHOLARSHIP | $4,000 |
ALLISON WILSON PURPOSE: SCHOLARSHIP | $4,000 |
ALYSON PATERSON PURPOSE: SCHOLARSHIP | $4,000 |
BETHANY PADILLA PURPOSE: SCHOLARSHIP | $4,000 |
BRAYTEN TREJO PURPOSE: SCHOLARSHIP | $4,000 |