Overview
What is Continental Divide Electric Cooperative Inc?
Continental Divide Electric Cooperative Inc, based in Grants, New Mexico, is a nonprofit organization dedicated to delivering quality and reliable electric service to its cooperative members. With approximately 23,579 active services at year end, they allocate patronage capital to provide electric energy on a cooperative basis. Their mission goes beyond just energy, striving to enhance the daily lives of rural New Mexicans by offering superior energy services. The cooperative employs a team of 97 individuals to support their operations.
Official website here: www.cdec.coop
Is Continental Divide Electric Cooperative Inc legitimate?
Continental Divide Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Continental Divide 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: $750,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,990,843
For more financial information, click here
Official website here: www.cdec.coop
What is the mission statement of Continental Divide Electric Cooperative Inc?
Continental Divide Electric Cooperative Inc is dedicated to delivering superior energy and telecommunication services that enrich the daily lives of rural New Mexican residents. Through a cooperative business model, the cooperative aims to provide reliable and quality electric service to its members. By allocating patronage capital, the cooperative is able to sustain its operations and serve a total of 23,579 active services at year end. The cooperative's commitment extends beyond energy, as it also offers telecommunications services to enhance the overall well-being of those it serves.
Official website here: www.cdec.coop
Who is the CEO of Continental Divide Electric Cooperative Inc?
Robert Castillo is the General Manager & Ceo of Continental Divide Electric Cooperative Inc. The CEO's salary of Continental Divide Electric Cooperative Inc is $402,834 and their total compensation is $272,596.
Official website here: www.cdec.coop
What is the revenue of Continental Divide Electric Cooperative Inc?
Continental Divide Electric Cooperative Inc's revenue in 2022 was $65,112,432.
Official website here: www.cdec.coop
Who are the executives of Continental Divide Electric Cooperative Inc and what are their salaries?
The average compensation at Continental Divide Electric Cooperative Inc during 2022 was $59,194. There are 97 employees at Continental Divide Electric Cooperative Inc.
Here are 16 key members and their salaries (Continental Divide Electric Cooperative Inc's CEO's salary is $402,834 and their total compensation is $272,596):
- Compensation: $402,834
- Related: $0
- Other: -$130,238
- Compensation: $141,856
- Related: $0
- Other: $29,071
- Compensation: $158,496
- Related: $0
- Other: $42,205
- Compensation: $145,539
- Related: $0
- Other: $7,095
- Compensation: $149,761
- Related: $0
- Other: -$50,545
- Compensation: $135,203
- Related: $0
- Other: $30,363
- Compensation: $142,267
- Related: $0
- Other: -$142,475
- Compensation: $136,335
- Related: $0
- Other: -$153,838
- Compensation: $23,775
- Related: $0
- Other: $0
- Compensation: $16,425
- Related: $0
- Other: $0
- Compensation: $15,129
- Related: $0
- Other: $0
- Compensation: $12,968
- Related: $0
- Other: $0
- Compensation: $11,671
- Related: $0
- Other: $0
- Compensation: $11,671
- Related: $0
- Other: $0
- Compensation: $7,780
- Related: $0
- Other: $0
- Compensation: $7,346
- Related: $0
- Other: $0
Official website here: www.cdec.coop
Where can I find the form 990 for Continental Divide Electric Cooperative Inc?
Continental Divide Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdec.coop
Learn more at the official website: www.cdec.coop
Mission Statement of Continental Divide Electric Cooperative Inc
Continental Divide Electric Cooperative Inc, a dedicated organization, strives to deliver superior electric and telecommunication services to the rural communities it serves. This cooperative's primary mission is to provide quality and reliable electric service to its members, setting the foundation for enhancing their daily lives. By operating on a cooperative basis and allocating patronage capital, Continental Divide Electric Cooperative Inc ensures the provision of essential energy services to its 23,579 active members at the end of the year.
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Impact
October, 2024
Continental Divide Electric Cooperative Inc plays a vital role in delivering quality and reliable electric service to its members in rural New Mexico. By providing electric energy on a cooperative basis, it ensures that the needs of 23,579 active services are met efficiently. Its commitment to patronage capital allocation empowers local households and businesses, fostering a sense of community ownership and participation in energy management.
The cooperative's mission emphasizes enhancing the daily lives of rural New Mexicans not only through superior energy services but also through telecommunication offerings. This focus on accessibility helps bridge the gap in service quality often experienced in more remote areas, contributing positively to the overall well-being and development of the local population. The cooperative's activities support economic growth, improve living standards, and ensure that residents have access to essential services, thereby advancing public benefit within the community.
This information is meant to be a general summary of Continental Divide 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 2022.
- Investment Income: $180,655
- Program Service Revenue: $64,338,642
- Gross Receipts: $65,138,516
Assets and Liabilities:
- Total Assets: $162,478,947
- Total Liabilities: $92,054,140
- Net Assets: $70,424,807
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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
$58,687,329
BROADBAND INTERNET REVENUE
Revenue
$5,222,804
SERVICE FEES
Revenue
$275,414
PATRONAGE DIVIDENDS
Revenue
$153,095
Organization Details
Founding Year
1945
Phone
(505) 285-6656Principal Officer
Robert Castillo
Main Address
PO BOX 1087, GRANTS, NM, 870201087
Website
www.cdec.coopNTEE Category
Code: W80 - Public benefit
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