Overview
What is Central New Mexico Electric Cooperative Inc?
Central New Mexico Electric Cooperative Inc is a not-for-profit, member-owned utility based in Mountainair, New Mexico. With a mission to provide high-quality electric services to its members on a cooperative basis, they serve communities with 18,703 electric meters or services. Their operations are guided by the seven cooperative principles, which emphasize education, community involvement, and the allocation of patronage capital to keep electricity costs low. Central New Mexico Electric Cooperative Inc employs a team of 71 individuals, delivering safe and reliable energy to its members.
Official website here: www.cnmec.org
Is Central New Mexico Electric Cooperative Inc legitimate?
Central New Mexico Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Central New Mexico 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 tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $408,030
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,622,600
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Official website here: www.cnmec.org
What is the mission statement of Central New Mexico Electric Cooperative Inc?
Central New Mexico Electric Cooperative Inc is a member-owned utility, operating on a not-for-profit basis, dedicated to providing high-quality electric services to its community. Adhering to the seven cooperative principles, the cooperative ensures the delivery of safe and reliable energy to its members. Through education and community involvement, they strive to offer superior services to their clientele. The cooperative sells electricity to its members at cost, with the allocation of patronage capital as part of their cooperative business model. In 2021, they served a total of 18,703 meters/services.
Official website here: www.cnmec.org
Who is the CEO of Central New Mexico Electric Cooperative Inc?
Alena Brandenberger is the CEO of Central New Mexico Electric Cooperative Inc The CEO's salary of Central New Mexico Electric Cooperative Inc is $167,455 and their total compensation is $200,865.
Official website here: www.cnmec.org
What is the revenue of Central New Mexico Electric Cooperative Inc?
Central New Mexico Electric Cooperative Inc's revenue in 2023 was $40,050,611.
Official website here: www.cnmec.org
Who are the executives of Central New Mexico Electric Cooperative Inc and what are their salaries?
The average compensation at Central New Mexico Electric Cooperative Inc during 2023 was $57,580. There are 70 employees at Central New Mexico Electric Cooperative Inc.
Here are 16 key members and their salaries (Central New Mexico Electric Cooperative Inc's CEO's salary is $167,455 and their total compensation is $200,865):
- Compensation: $7,525
- Related: $0
- Other: $0
- Compensation: $11,352
- Related: $0
- Other: $0
- Compensation: $11,636
- Related: $0
- Other: $0
- Compensation: $11,485
- Related: $0
- Other: $0
- Compensation: $11,191
- Related: $0
- Other: $0
- Compensation: $7,757
- Related: $0
- Other: $0
- Compensation: $12,140
- Related: $0
- Other: $0
- Compensation: $12,044
- Related: $0
- Other: $0
- Compensation: $3,879
- Related: $0
- Other: $0
- Compensation: $167,455
- Related: $0
- Other: $33,410
- Compensation: $96,299
- Related: $0
- Other: $21,857
- Compensation: $131,828
- Related: $0
- Other: $30,065
- Compensation: $124,549
- Related: $0
- Other: $13,752
- Compensation: $123,329
- Related: $0
- Other: $30,227
- Compensation: $113,406
- Related: $0
- Other: $32,112
- Compensation: $108,202
- Related: $0
- Other: $22,457
Official website here: www.cnmec.org
Where can I find the form 990 for Central New Mexico Electric Cooperative Inc?
Central New Mexico Electric Cooperative Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cnmec.org
Learn more at the official website: www.cnmec.org
Mission Statement of Central New Mexico Electric Cooperative Inc
Central New Mexico Electric Cooperative Inc, a not-for-profit, member-owned utility, is dedicated to delivering safe and reliable electric services to the communities it serves. Adhering to the seven cooperative principles, this cooperative goes beyond just providing power, focusing on education and community involvement to offer high-quality services to its members. Central's mission is twofold: it sells electric power to its members at cost and allocates patronage capital, ensuring affordable and sustainable energy for all. At the end of the year, Central served 18,703 meters and households with electricity.
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Impact
October, 2024
Central New Mexico Electric Cooperative Inc significantly impacts its community by providing high-quality electric services to its members on a cooperative basis. With 18,703 meters and services at year-end, it ensures that electricity is sold to members at cost, resulting in affordable energy access. The cooperative focuses on delivering safe and reliable energy, aligning its operations with the seven cooperative principles, which promote education and community involvement. This dedication enhances the quality of life for residents in Mountainair, NM, and surrounding areas, fostering a sense of community and collective progress. By prioritizing member needs and engaging actively with the local populace, Central New Mexico Electric Cooperative Inc plays a vital role in the economic and social well-being of the region.
This information is meant to be a general summary of Central New Mexico Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $391,504
- Program Service Revenue: $39,420,783
- Gross Receipts: $40,072,007
Assets and Liabilities:
- Total Assets: $107,325,182
- Total Liabilities: $52,945,881
- Net Assets: $54,379,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ELECTRICITY
Revenue
$38,682,002
PATRONAGE DIVIDENDS
Revenue
$453,622
SERVICE FEES
Revenue
$285,159
Organization Details
Founding Year
1945
Principal Officer
Alena Brandenberger
Website
www.cnmec.orgNTEE Category
Code: W80 - Public benefit
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