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  3. Lea County Electric Cooperative
EIN 85-0096243

Lea County Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
85
City
Lovington
State
New Mexico
Year formed
1949
Most recent tax filings
2022-12-01
NTEE code, primary
W80: Public Utilities
Description
Lea County Electric Cooperative aims to provide electric energy to rural areas at cost on a cooperative basis. It is a community-focused cooperative that strives to be innovative and environmentally friendly. The cooperative sells electric power to its members at cost through the allocation of patronage capital, with 16,295 connected members at year end.
Total revenues
$119,152,075
2022
Total expenses
$119,152,075
2022
Total assets
$256,477,710
2022
Num. employees
85
2022

Program areas at Lea County Electric Cooperative

Sale of Electric power to our members at cost on Cooperative basis through the allocation of patronage capital. There were 16,295 connected members at year end.

Grants made by Lea County Electric Cooperative

GranteeGrant descriptionAmount
University of the Southwest (USW)Annual Donation$6,000

Personnel at Lea County Electric Cooperative

NameTitleCompensation
Bobby FerrisExecutive Vice President and General Manager$453,508
Bobby KimbroSystem Operating Manager / Assistant Manager and General Manager in Training / Systems Operations Manager Assistant General Manager$207,006
Michael FarisAccounting Manager$169,821
Arthur PandoForeman / Foreman / Line Foreman$128,104
Douglas GruenewaldForeman$134,882
...and 5 more key personnel

Financials for Lea County Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$119,659,698
Investment income and dividends$-672,202
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$5,550
Net gain from sale of non-inventory assets$-1,355
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-25,941
Miscellaneous revenues$186,325
Total revenues$119,152,075

Form 990s for Lea County Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-08990View PDF
2020-122021-11-15990View PDF
2019-122021-06-07990View PDF
2018-122020-02-12990View PDF
...and 9 more Form 990s

Organizations like Lea County Electric Cooperative

OrganizationLocationRevenue
Upper Cumberland Electric Membership Corporation (UCEMC)Carthage, TN$129,809,494
Itasca-Mantrap Cooperative Electrical AssociationPark Rapids, MN$30,902,494
Connexus EnergyRamsey, MN$266,851,245
Southwest Louisiana Electric Membership CorporationLafayette, LA$295,781,574
Oregon Trail Electric Consumers CooperativeBaker City, OR$60,388,263
Central Valley Electric CooperativeArtesia, NM$89,450,287
Dakota Valley Electric CooperativeEdgeley, ND$61,778,658
San Patricio Electric CooperativeSinton, TX$33,604,198
Dixie Electric Membership CorporationBaton Rouge, LA$316,976,547
Pentex EnergyMuenster, TX$60,601,561
Data update history
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Used new vendors
Identified 2 new vendors, including , and
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 6, 2023
Updated personnel
Identified 1 new personnel
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 1447
Lovington, NM 88260
County
Lea County, NM
Website URL
lcecnet.com/ 
Phone
(575) 396-3631
IRS details
EIN
85-0096243
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1949
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
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