1. Directory
  2. New Mexico
  3. Continental Divide Electric Cooperative
EIN 85-0094829

Continental Divide Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
97
City
Grants
State
New Mexico
Year formed
1945
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Continental Divide Electric Cooperative provides quality and reliable electric service to its members, as well as superior energy and telecommunication services that enhance the daily lives of rural New Mexicans. To expand its offerings, the Cooperative created a separate cost center dedicated to providing broadband internet service through the construction of a fiber optic network. Additionally, they allocate patronage capital to provide electric energy to their 23,658 active services at year end.
Total revenues
$65,112,432
2022
Total expenses
$64,114,888
2022
Total assets
$162,478,947
2022
Num. employees
97
2022

Program areas at Continental Divide Electric Cooperative

Providing Electric energy to our members on a Cooperative basis through the allocation of patronage capital. There were 23,579 active services at year end.
A separate cost center of the Cooperative was created to provide broadband internet to its members through the construction of a fiber optic network. Broadband internet services will be provided to members on a patronage basis through the allocation of patronage capital to the extent net margins exceed cumulative losses for such cost center. At the end of 2022 there were 3,255 subscribers to internet services.

Personnel at Continental Divide Electric Cooperative

NameTitleCompensation
Robert CastilloChief Executive Officer and General Manager$402,834
Veronica BarelaChief Financial Officer$141,856
Angela EvansOperations Manager$158,496
Lee MaestasEngineering Manager / Engineering Services Manager$135,203
Donna VenableRates Manager / Broadband Manager / Customer Service Manager$130,013
...and 12 more key personnel

Financials for Continental Divide Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$64,338,642
Investment income and dividends$169,863
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$10,792
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$593,135
Total revenues$65,112,432

Form 990s for Continental Divide Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-24990View PDF
2018-122020-01-17990View PDF
...and 9 more Form 990s

Organizations like Continental Divide Electric Cooperative

OrganizationLocationRevenue
Northeast La Power CooperativeWinnsboro, LA$35,033,427
Consumers PowerPhilomath, OR$47,215,867
Burke-Divide Electric CooperativeColumbus, ND$24,169,736
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
South Central Electric AssociationSt James, MN$26,307,793
Flathead Electric CooperativeKalispell, MT$127,226,185
Wild Rice Electric CooperativeMahnomen, MN$36,527,960
Tideland Electric Membership CorporationPantego, NC$52,378,506
Black Hills Electric CooperativeCuster, SD$24,904,597
Otero County Electric Cooperative (OCEC)Cloudcroft, NM$35,254,461
Data update history
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Used new vendors
Identified 4 new vendors, including , , , and
July 29, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 1 new vendor, including
July 6, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 1087
Grants, NM 87020
County
Cibola County, NM
Website URL
cdec.coop/ 
Phone
(505) 285-6656
IRS details
EIN
85-0094829
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1945
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W80: Public Utilities
NAICS code, primary
2211: Electric Power Generation, Transmission, and Distribution Establishments
Parent/child status
Central organization
Free account sign-up

Want updates when Continental Divide Electric Cooperative has new information, or want to find more organizations like Continental Divide Electric Cooperative?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy