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  3. Socorro Electric Cooperative
EIN 85-0084968

Socorro Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
46
City
Socorro
State
New Mexico
Year formed
1945
Most recent tax filings
2023-12-01
NTEE code, primary
W80: Public Utilities
Description
Socorro Electric Cooperative aims to provide quality and reliable electric service to its members while making electric energy available at the lowest cost consistent with sound economy and good management. It provides electric energy to its members on a cooperative basis through allocation of patronage capital, with 13,085 active services at year end.
Total revenues
$25,684,316
2023
Total expenses
$25,617,683
2023
Total assets
$82,679,369
2023
Num. employees
46
2023

Program areas at Socorro Electric Cooperative

Providing Electric energy to our members on a Cooperative basis through the allocation of patronage capital. There were 13,082 active services at year end.

Who funds Socorro Electric Cooperative

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cooperative Finance Corporation (CFC)Integrity Fund-Territory Threat$60,723

Personnel at Socorro Electric Cooperative

NameTitleCompensation
Joseph HerreraChief Executive Officer and General Manager$209,282
Jimmy W CappsChief Financial Officer$115,828
Daniel ChavezLine Foreman$105,415
Donald WolbergPast Secretary and Treasurer$3,231
Ernest TorresLine Foreman$110,839
...and 4 more key personnel

Financials for Socorro Electric Cooperative

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$25,412,429
Investment income and dividends$190,124
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$20,805
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$60,958
Total revenues$25,684,316

Form 990s for Socorro Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990View PDF
2022-122023-05-08990View PDF
2021-122022-05-16990View PDF
2020-122021-05-17990View PDF
2019-122021-06-07990View PDF
...and 10 more Form 990s

Organizations like Socorro Electric Cooperative

OrganizationLocationRevenue
Sequachee Valley Electric CooperativeSouth Pittsburg, TN$112,585,937
Consumers PowerPhilomath, OR$51,938,913
Continental Divide Electric CooperativeGrants, NM$69,570,042
Orcas Power and Light CooperativeEastsound, WA$39,416,329
Lacreek Electric AssociationMartin, SD$16,464,871
Pentex EnergyMuenster, TX$53,636,363
Canadian Valley Electric CooperativeSeminole, OK$78,498,090
Sangre de Cristo Electric AssociationBuena Vista, CO$23,854,613
Dakota Valley Electric CooperativeEdgeley, ND$61,076,760
Cookson Hills Electric Cooperative (CHEC)Stigler, OK$41,827,049
Data update history
November 23, 2024
Received grants
Identified 1 new grant, including a grant for $60,723 from Cooperative Finance Corporation (CFC)
October 23, 2024
Updated personnel
Identified 3 new personnel
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 4, 2024
Updated personnel
Identified 7 new personnel
February 17, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
PO Box H
Socorro, NM 87801
County
Socorro County, NM
Website URL
socorroelectric.com/ 
Phone
(575) 835-0560
IRS details
EIN
85-0084968
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
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