Overview
What is New Mexico Rural Electric Cooperative Association Inc?
New Mexico Rural Electric Cooperative Association Inc, headquartered in Santa Fe, New Mexico, serves as a supportive network for 15 electric cooperatives, two generation and transmission cooperatives, and three rural electric distribution cooperative associate members within the state. Their primary role is to provide education, training, and information to these cooperatives, aiming to strengthen, support, and unify their interests at various levels, including local, state, and national. The association's mission is to represent the collective interests of its members effectively. With a team of six dedicated individuals, they strive to maintain a cohesive and influential presence in the cooperative sector of New Mexico.
Official website here: www.nmelectric.coop
Is New Mexico Rural Electric Cooperative Association Inc legitimate?
New Mexico Rural Electric Cooperative Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Mexico Rural Electric Cooperative Association 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: $256,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $468,596
For more financial information, click here
Official website here: www.nmelectric.coop
What is the mission statement of New Mexico Rural Electric Cooperative Association Inc?
The New Mexico Rural Electric Cooperative Association Inc's mission is centered around strengthening, supporting, and representing the interests of its member cooperatives at both local and national levels. This association provides education, personal training, and advocacy to enhance the capabilities of 15 electric cooperatives, two generation and transmission cooperatives, and three rural electric distribution cooperative associate members within New Mexico. The primary objective is to unify these cooperatives under a common platform, ensuring their collective interests are represented effectively.
Official website here: www.nmelectric.coop
Who is the CEO of New Mexico Rural Electric Cooperative Association Inc?
Charise Swanson is the CEO of New Mexico Rural Electric Cooperative Association Inc The CEO's salary of New Mexico Rural Electric Cooperative Association Inc is $219,876 and their total compensation is $256,636.
Official website here: www.nmelectric.coop
What is the revenue of New Mexico Rural Electric Cooperative Association Inc?
New Mexico Rural Electric Cooperative Association Inc's revenue in 2023 was $2,318,252.
Official website here: www.nmelectric.coop
Who are the executives of New Mexico Rural Electric Cooperative Association Inc and what are their salaries?
The average compensation at New Mexico Rural Electric Cooperative Association Inc during 2023 was $90,654. There are 8 employees and 17 volunteers at New Mexico Rural Electric Cooperative Association Inc.
Here are 18 key members and their salaries (New Mexico Rural Electric Cooperative Association Inc's CEO's salary is $219,876 and their total compensation is $256,636):
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- Compensation: $219,876
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Official website here: www.nmelectric.coop
Where can I find the form 990 for New Mexico Rural Electric Cooperative Association Inc?
New Mexico Rural Electric Cooperative Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nmelectric.coop
Learn more at the official website: www.nmelectric.coop
Mission Statement of New Mexico Rural Electric Cooperative Association Inc
The New Mexico Rural Electric Cooperative Association Inc is committed to strengthening, supporting, and representing the interests of its member cooperatives at both local and national levels. Its primary mission is to provide education, personal training, and advocacy services to various electric cooperatives, including 15 rural electric cooperatives, two generation and transmission cooperatives, and three rural electric distribution cooperative associate members. The association aims to unify these cooperatives and ensure they have a collective voice in decision-making processes related to their operations and the electric industry as a whole. By offering educational programs and resources, the New Mexico Rural Electric Cooperative Association Inc empowers its members to operate efficiently and effectively, thereby improving the overall electric service delivery in the region.
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Impact
October, 2024
New Mexico Rural Electric Cooperative Association Inc plays a crucial role in enhancing the quality of life for rural communities throughout New Mexico. By providing comprehensive education, personal training, and advocacy, it empowers 15 electric cooperatives and associated members to operate effectively and sustainably.
The Association's focus on strengthening and unifying cooperative interests fosters collaboration among local entities, ensuring they have access to the resources and knowledge necessary to thrive. By advocating for these cooperatives at local, state, and national levels, the organization amplifies their voices, promoting policies beneficial to rural energy needs.
This initiative not only enhances operational efficiencies but also contributes to community improvement and economic development. Through its commitment to education and support, the Association helps build a resilient energy infrastructure, vital for the growth and sustainability of the regions it serves.
This information is meant to be a general summary of New Mexico Rural Electric Cooperative Association 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: $135
- Program Service Revenue: $2,193,213
- Gross Receipts: $2,318,252
Assets and Liabilities:
- Total Assets: $552,094
- Total Liabilities: $222,558
- Net Assets: $329,536
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,842,366
ADMINISTRATIVE FEE
Revenue
$200,000
REGISTRATION FEES
Revenue
$150,847
Organization Details
Founding Year
1954
Principal Officer
Timothy Morrow
Website
www.nmelectric.coopNTEE Category
Code: S40 - Community improvement
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