Continental Divide Electric Education Foundation
- Assets
- $5.0m
- Revenue
- $322.1k
- Investments
- $4.7m
- Employees
- 0
- Location
- Grants, NM
- Founding
- 08/1988
- Data as of
- 12/2022
- 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 12/2022, Continental Divide Electric Education Foundation generated $322.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $321.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Continental Divide Electric Education Foundation has awarded 395 individual grants totaling $1,036,000. 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
2022
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 |
|---|---|---|---|
Claudio Romero Vice President | 1 | $911 | |
Joe Hoskins Secretary/treasurer | 1 | $889 | |
Keith Gottlieb President | 1 | $853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $134 |
| Interest on Savings | $0 |
| Dividends & Interest | $140,032 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $181,901 |
| Capital Gain Net Income | $181,901 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $322,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,653 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,104 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,371 |
| Total operating and administrative expenses | $71,445 |
| Contributions, gifts, grants paid | $250,000 |
| Total expenses and disbursements | $321,445 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,909 |
| 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 | $4,748,747 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $991 |
| Total assets | $4,983,647 |
| Accounts payable and accrued expenses | $16,845 |
| 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 | $0 |
| Total liabilities | $16,845 |
Grants Awarded
Over the last fiscal year, Continental Divide Electric Education Foundation has awarded $250,000 in support to 87 organizations.
| Grant Recipient | Amount |
|---|---|
BARAJAS KRYSTA M PURPOSE: SCHOLARSHIP | $4,000 |
ARMIJO ALEXIS PURPOSE: SCHOLARSHIP | $4,000 |
BAROS GABRIELLE A PURPOSE: SCHOLARSHIP | $4,000 |
GIBSON TAYLOR A PURPOSE: SCHOLARSHIP | $4,000 |
GARCIA KYLIE PURPOSE: SCHOLARSHIP | $4,000 |
BACA TAYLOR A PURPOSE: SCHOLARSHIP | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |
Asu Enterprise Partners Tempe, AZ | $381,094,670 | $23,987,399 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |