Columbus Electric Scholarship Inc
- Assets
- $388.7k
- Revenue
- $2.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Deming, NM
- Founding
- 01/1990
- Data as of
- 12/2021
- EIN
- 85-0373471
Organization Overview
Columbus Electric Scholarship Inc is located in Deming, NM. The organization was established in 1990. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Columbus Electric Scholarship Inc 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 12/2021, Columbus Electric Scholarship Inc generated $2.1k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $21.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF COLUMBUS ELECTRIC COOPERATIVE, INC. AND TO THEIR IMMEDIATE FAMILIES.
SPONSORSHIPS FOR THE HIDALGO COUNTY FAIR AND THE SOUTHWESTERN NEW MEXICO STATE FAIR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shannon Nunn Member | 1 | $0 | |
Joel Nanez Assistant Secretary/treasu | 1 | $0 | |
Joe Johnson Member | 1 | $0 | |
Randy L Massey President | 1 | $0 | |
Nancy Clopton Vice-President | 1 | $0 | |
William Cloudt Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,450 |
| Interest on Savings | $635 |
| 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 | $0 |
| Total Revenue | $2,085 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,148 |
| Contributions, gifts, grants paid | $20,150 |
| Total expenses and disbursements | $21,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $388,686 |
| 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 | $0 |
| Total assets | $388,686 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Columbus Electric Scholarship Inc has awarded $20,150 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ADYLENE LOPEZ PURPOSE: SCHOLARSHIP | $1,250 |
ANNEMARIE MAGANA PURPOSE: SCHOLARSHIP | $1,250 |
ALYSSA MAGANA PURPOSE: SCHOLARSHIP | $1,250 |
ABIGAIL CUSHMAN PURPOSE: SCHOLARSHIP | $1,250 |
Deming, NM PURPOSE: SPONSOR THE SOUTHWESTERN NEW MEXICO STATE FAIR | $1,200 |
HIDALGO COUNTY FAIR PURPOSE: SPONSOR THE COUNTY FAIR. | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |