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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
81
City
Lovington
State
New Mexico
Year formed
1949
Most recent tax filings
2023-12-01
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
$110,564,018
2023
Total expenses
$111,537,451
2023
Total assets
$261,032,072
2023
Num. employees
81
2023

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 16,400 connected members at year end.

Grants made by Lea County Electric Cooperative

GranteeGrant descriptionAmount
University of the Southwest (USW)Annual Donation Commitment - 2023 and 2024 Combined$12,000

Personnel at Lea County Electric Cooperative

NameTitleCompensation
Bobby FerrisExecutive Vice President and General Manager$399,133
Bobby KimbroSystem Operating Manager / Assistant Manager and General Manager in Training / Systems Operations Manager Assistant General Manager$222,230
Kyle ColemanIt Manager$139,652
Michael FarisAccounting Manager$169,821
Alfredo MelendezLine Superintendent$147,374
...and 2 more key personnel

Financials for Lea County Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$108,335,221
Investment income and dividends$2,037,021
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$8,630
Net gain from sale of non-inventory assets$-10,454
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$239
Miscellaneous revenues$193,361
Total revenues$110,564,018

Form 990s for Lea County Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-08990View PDF
2020-122021-11-15990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s

Organizations like Lea County Electric Cooperative

OrganizationLocationRevenue
South Central Electric AssociationSt James, MN$27,804,101
Consumers PowerPhilomath, OR$51,938,913
Northcentral Electric CooperativeOlive Branch, MS$142,343,736
Wharton County Electric Cooperative (WCEC)El Campo, TX$28,410,342
Continental Divide Electric CooperativeGrants, NM$69,570,042
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Webster Electric CooperativeMarshfield, MO$38,873,422
United Cooperative ServicesBurleson, TX$362,077,068
Orcas Power and Light CooperativeEastsound, WA$39,416,329
Canadian Valley Electric CooperativeSeminole, OK$78,498,090
Data update history
January 9, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 7, 2025
Updated personnel
Identified 1 new personnel
January 3, 2025
Used new vendors
Identified 2 new vendors, including , and
January 12, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Used new vendors
Identified 2 new vendors, including , and
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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