Kit Carson Electric Cooperative Inc

Kit Carson Electric Cooperative Inc Overview

Kit Carson Electric Cooperative Inc is located in Taos, NM. The organization was established in 1946. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2018, Kit Carson Electric Cooperative Inc employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kit Carson Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2019, Kit Carson Electric Cooperative Inc generated $54.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $54.0m during the year ending 12/2019. While expenses have increased by 5.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 28,987 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.


PROVIDING INTERNET SERVICE TO OUR MEMBERS - 6,640 ACTIVE SERVICES AT YEAR END WERE PROVIDED INTERNET SERVICE ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.


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Kit Carson Electric Cooperative Inc Board, Officers & Key Employees

Name (title)Compensation
Luis A Reyes Jr
Ceo/general Manager
$231,258
Richard Martinez
COO
$104,930
Johnny Valerio
CFO
$93,761
Bruce Jassman
Treasurer
$15,750
Robert Ortega Sr
President
$13,800
Robert Bresnahan
Trustee
$10,050

Kit Carson Electric Cooperative Inc Vendors

Vendor Name (Service)Compensation
T & D Services
Engineering Services
$306,383
J&d Contractors
Line Construction
$217,442
Romero's Excavation
Line Construction
$157,806
Viam Llc
Brokerage Fee
$110,000
Pulse Boadband
Broadband Engineering Service
$102,743
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $29,057
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $115,408
Net Gain/Loss on Asset Sales -$3,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $54,382,608

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