Mora-San Miguel Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 850084487 ✦ Mora, NM ✦ Designated as a 501(c)(12)

Overview

What is Mora-San Miguel Electric Cooperative Inc?

Mora-San Miguel Electric Cooperative Inc is a nonprofit organization located in Mora, New Mexico. With a team of 34 employees, they provide electric energy to their members through a cooperative system. They focus on efficient and sound business principles to ensure the highest level of electrical service. Committed to improving the lives of their member-owners, they deliver safe, reliable, and affordable electricity, prioritizing excellent member service and clean, renewable energy. At the end of the year, there were 11,153 active services under their care.


Official website here: www.morasanmiguel.coop

Is Mora-San Miguel Electric Cooperative Inc legitimate?

Mora-San Miguel Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Mora-San Miguel Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $206,229
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,306,804

For more financial information, click here


Official website here: www.morasanmiguel.coop

What is the mission statement of Mora-San Miguel Electric Cooperative Inc?

Mora-San Miguel Electric Cooperative Inc is dedicated to providing its members with the highest level of electrical service, following efficient and sound principles. The cooperative aims to enhance the lives of its member-owners by delivering safe, reliable, and affordable electricity. With a strong focus on excellent member service, the cooperative also invests in the communities it serves, prioritizing clean and renewable energy. Through its cooperative business model, Mora-San Miguel Electric Cooperative allocates patronage capital to provide electric energy to its members. At the end of the year, there were 11,153 active services being provided by the cooperative.


Official website here: www.morasanmiguel.coop

Who is the CEO of Mora-San Miguel Electric Cooperative Inc?

Leslie Montoya is the Vice President of Mora-San Miguel Electric Cooperative Inc. The CEO's salary of Mora-San Miguel Electric Cooperative Inc is $150,737 and their total compensation is $181,729.


Official website here: www.morasanmiguel.coop

What is the revenue of Mora-San Miguel Electric Cooperative Inc?

Mora-San Miguel Electric Cooperative Inc's revenue in 2022 was $13,076,672.


Official website here: www.morasanmiguel.coop

Who are the executives of Mora-San Miguel Electric Cooperative Inc and what are their salaries?

The average compensation at Mora-San Miguel Electric Cooperative Inc during 2022 was $44,501. There are 34 employees at Mora-San Miguel Electric Cooperative Inc.

Here are 7 key members and their salaries (Mora-San Miguel Electric Cooperative Inc's CEO's salary is $150,737 and their total compensation is $181,729):

    Leslie Montoya (Ceo/General Manager)
  • Compensation: $150,737
  • Related: $0
  • Other: $30,992

    • Francisco Caro (Working Foreman)
  • Compensation: $110,853
  • Related: $0
  • Other: $20,105

    • James Ortiz (Vice President) [Trustee/Director]
  • Compensation: $8,700
  • Related: $0
  • Other: $0

    • Samuel A Ramirez (Trustee (Jun-Dec))
  • Compensation: $6,000
  • Related: $0
  • Other: $0

    • Virginia Mondragon (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $3,700
  • Related: $0
  • Other: $0

    • Joe C De Baca (Trustee)
  • Compensation: $3,250
  • Related: $0
  • Other: $0

    • Robert Baca (President) [Trustee/Director]
  • Compensation: $2,850
  • Related: $0
  • Other: $0


  • Official website here: www.morasanmiguel.coop

    Where can I find the form 990 for Mora-San Miguel Electric Cooperative Inc?

    The Mora-San Miguel Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.morasanmiguel.coop

    Learn more at the official website: www.morasanmiguel.coop

    Mission Statement of Mora-San Miguel Electric Cooperative Inc

    Mora-San Miguel Electric Cooperative Inc is a dedicated organization that strives to provide the highest level of electrical service to its members. Consistent with efficient and sound principles, the cooperative delivers safe, reliable, and affordable electricity, focusing on excellent member service and clean renewable energy. By improving the lives of its member-owners, Mora-San Miguel Electric Cooperative Inc invests in their communities. The cooperative allocates patronage capital to provide electric energy on a cooperative basis, ensuring the needs of its members are met with dedication and professionalism. At the end of the year, there were 11,153 active services under its care.

    Impact

    This information is meant to be a general summary of Mora-San Miguel Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Mora-San Miguel Electric Cooperative Inc's impact lies in providing the highest level of electrical service to its members in Mora, NM. With a focus on delivering safe, reliable, and affordable electricity, the cooperative improves the lives of its member-owners while investing in their communities. By prioritizing excellent member service and clean, renewable energy, Mora-San Miguel Electric Cooperative Inc plays a crucial role in enhancing the welfare and sustainability of the region it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,642
  • Program Service Revenue: $13,032,758
  • Gross Receipts: $13,076,672

    • Assets and Liabilities:
  • Total Assets: $37,576,968
  • Total Liabilities: $26,522,413
  • Net Assets: $11,054,555
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALES OF ELECTRICITY

    Revenue

    $12,781,204

    PATRONAGE DIVIDENDS

    Revenue

    $178,895

    SERVICE FEES

    Revenue

    $52,834

    RENEWABLE ENERGY CERTIFICATES

    Revenue

    $19,825

    Organization Details

    Founding Year

    1940

    Principal Officer

    Leslie Montoya

    Main Address

    PO BOX 240, MORA, NM, 87732

    NTEE Category

    Code: W50 - Public benefit

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