Continental Divide Electric Education Foundation
- Assets
- $4.9m
- Revenue
- $217.2k
- Investments
- $4.7m
- Employees
- 0
- Location
- Grants, NM
- Founding
- 08/1988
- Data as of
- 12/2023
- EIN
- 85-0365720
Organization Overview
Continental Divide Electric Education Foundation is located in Grants, NM. The organization was established in 1988. 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. Continental Divide 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, Continental Divide Electric Education Foundation generated $217.2k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $320.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Continental Divide Electric Education Foundation has awarded 482 individual grants totaling $1,290,000. 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
COLLEGE SCHOLARSHIPS TO MEMBERS TO ATTEND COLLEGES IN THE STATE OF NEW MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Gottlieb President | 1 | $800 | |
Claudio Romero Vice President | 1 | $800 | |
Joe Hoskins Secretary/treasurer | 1 | $800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155 |
| Interest on Savings | $0 |
| Dividends & Interest | $141,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $75,175 |
| Capital Gain Net Income | $75,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $217,155 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $200 |
| Printing and publications | $0 |
| Other expenses | $14,068 |
| Total operating and administrative expenses | $66,054 |
| Contributions, gifts, grants paid | $254,000 |
| Total expenses and disbursements | $320,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,419 |
| Savings and temporary cash investments | $0 |
| 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 | $4,695,611 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,882,030 |
| Accounts payable and accrued expenses | $16,691 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,436 |
| Total liabilities | $18,127 |
Grants Awarded
Over the last fiscal year, Continental Divide Electric Education Foundation has awarded $254,000 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
ARMIJO ALEXIS PURPOSE: SCHOLARSHIP | $4,000 |
ANTONIO EMILY K PURPOSE: SCHOLARSHIP | $2,000 |
ARMIJO LUIS J PURPOSE: SCHOLARSHIP | $4,000 |
ARREDONODO YOSELIN PURPOSE: SCHOLARSHIP | $2,000 |
ATWATER-CABALLERO ALEXIS PURPOSE: SCHOLARSHIP | $4,000 |
AUTREY ROXANNE N PURPOSE: SCHOLARSHIP | $2,000 |