Central Valley Electric Education Foundation
- Assets
- $2.7m
- Revenue
- $583.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 09/1984
- Data as of
- 12/2023
- EIN
- 85-0323120
Organization Overview
Central Valley Electric Education Foundation is located in Artesia, NM. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Valley Electric Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Central Valley Electric Education Foundation generated $583.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $259.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Central Valley Electric Education Foundation has awarded 1,029 individual grants totaling $2,058,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS TO MEMBERS OR MEMBERS CHILDREN TO ATTEND AN ACCREDITED COLLEGE OR UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles G Wagner President | 0.5 | $0 | |
Michael Bennett Vice President | 0.5 | $0 | |
Wesley R Pilley Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $482,462 |
| Interest on Savings | $99,236 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,500 |
| Total Revenue | $583,198 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $343 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $229 |
| Total operating and administrative expenses | $4,372 |
| Contributions, gifts, grants paid | $255,000 |
| Total expenses and disbursements | $259,372 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,638,741 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,293 |
| Total assets | $2,651,034 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $166,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $166,500 |
Grants Awarded
Over the last fiscal year, Central Valley Electric Education Foundation has awarded $444,000 in support to 222 organizations.
| Grant Recipient | Amount |
|---|---|
ALEJANDRA LOPEZ PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
ALBERT MONTOYA PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,500 |
ALIJAH STANFORD PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,500 |
ALONDRA GOMEZ PURPOSE: EDUCATIONAL SCHOLARSHIP | $1,500 |
ALYSSA BAEZA LIEB PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |
ANGEL PADILLA PURPOSE: EDUCATIONAL SCHOLARSHIP | $3,000 |