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Also known as: FOUNDATION
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Penasco Valley Telephone Education Foundation is a private trust based in ARTESIA, NM. The foundation received its IRS ruling in 1994. The principal officer is Penasco Valley Tele Co-Op Inc.. It holds total assets of $203K. Annual income is reported at $9K. Total assets have decreased from $617K in 2011 to $381K in 2023. The foundation is governed by 9 officers and trustees. Scholarships - the foundation awarded 11 new scholarships in the amount of $500 per semester to qualified applicants who reside in the exchange area of penasco valley telephone cooperative and who are active members of the cooperative or who are dependents of an active member of the cooperative. The scholarships of prior recipients are renewed each semester for the equivalent of four years of education for as long as enrollment and a minimum gpa of 2.5 is maintained. During 2020 the foundation paid scholarship money to 26 students who were awarded their scholarship in a prior year. Tax records are available from 2020 to 2023. Grantmaking is concentrated in New Mexico. According to available records, Penasco Valley Telephone Education Foundation has made 116 grants totaling $100K, with a median grant of $1K. The foundation has distributed between $32K and $36K annually from 2021 to 2023. Individual grants have ranged from $500 to $2K, with an average award of $859.483. The foundation has supported 60 unique organizations. Grants have been distributed to organizations in New Mexico and Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$750
Average Grant
$762
Largest Grant
$2K
Based on 42 grants from the most recent 990-PF filing.
Scholarships - the foundation awarded 11 new scholarships in the amount of $500 per semester to qualified applicants who reside in the exchange area of penasco valley telephone cooperative and who are active members of the cooperative or who are dependents of an active member of the cooperative. The scholarships of prior recipients are renewed each semester for the equivalent of four years of education for as long as enrollment and a minimum gpa of 2.5 is maintained. During 2020 the foundation paid scholarship money to 26 students who were awarded their scholarship in a prior year.
Expenses: $29K
Scholarships - the foundation awarded 11 new scholarships in the amount of $500 per semester to qualified applicants who reside in the exchange area of penasco valley telephone cooperative and who are active members of the cooperative or who are dependents of an active member of the cooperative. The scholarships of prior recipients are renewed each semester for the equivalent of four years of education for as long as enrollment and a minimum gpa of 2.5 is maintained. During 2020 the foundation paid scholarship money to 26 students who were awarded their scholarship in a prior year. Based on available records, the foundation has funded 116 grants. Its grantmaking reaches organizations primarily in NM, TX.
Penasco Valley Telephone Education Foundation has distributed a total of $100K across 116 grants. The median grant size is $1K, with an average of $859.483. Individual grants have ranged from $500 to $2K.
The application deadline is APPLICATIONS MUST BE POSTMARKED BY MARCH 1 EACH YEAR.. Four year scholarships, in the amount of $500 per semester will be considered provided the following eligibility requirements have been met: available to active members receiving service from penasco valley telephone cooperative, inc. And their immediate family who has had at least two months of active service and are in good standing. High school seniors, current college students and returning adult students may apply. The initial scholarship award of $500 will be made available prior to the beginning of the first semester. Each consecutive semester thereafter, the student must present to the education foundation a grade report from the school certifying that the student carried at least twelve hours with a minimum grade point average of 2.5 for that semester. The maximum scholarship amount any student may receive is limited to a total of $4,000.
Penasco Valley Telephone Education Foundation is headquartered in ARTESIA, NM. While based in NM, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Dwight Menefee | PRESIDENT | $0 | $0 | N/A |
| Jeremiah Johnson | DIRECTOR | $0 | $0 | N/A |
| Carol Guiterrez | SECRETARY | $0 | $0 | N/A |
| Ronald Houghtaling | DIRECTOR | $0 | $0 | N/A |
| Roxann Sallee | DIRECTORF | $0 | $0 | N/A |
| Mark Kincaid | VICE PRESIDE | $0 | $0 | N/A |
| Frank Sisneros | DIRECTOR | $0 | $0 | N/A |
| Stetson Elkins | TREASURER | $0 | $0 | N/A |
| Mike Casabonne | DIRECTOR | $0 | $0 | N/A |
Total Giving
$36K
Total Assets
$381K
Fair Market Value
$381K
Net Worth
$379K
Grants Paid
$36K
Contributions
$643
Net Investment Income
$7K
Distribution Amount
$19K
Total Grants
116
Total Giving
$100K
Average Grant
$859.483
Median Grant
$1K
Unique Recipients
60
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Emma MontgomeryScholarship | Pinon, NM | $1K | 2023 |
| Guiselle GuillenScholarship | Hondo, NM | $2K | 2023 |
| Amanda HibbardScholarship | Pinon, NM | $2K | 2023 |
| Paydon KniepkampScholarship | Pinon, NM | $2K | 2023 |
| Jesi WatsonScholarship | Mayhill, NM | $2K | 2023 |
| Josue VarelasScholarship | Hope, NM | $2K | 2023 |
| Justin WeddigeScholarship | Hope, NM | $2K | 2023 |
| Shanna ElkinsScholarship | Pinon, NM | $2K | 2023 |
| Diego GallegosScholarship | San Patricio, NM | $2K | 2023 |
| Kaylee HickmanScholarship | Cloudcroft, NM | $2K | 2023 |
| Callie BennettScholarship | Hope, NM | $1K | 2023 |
| Kayden PinsonScholarship | Artesia, NM | $1K | 2023 |
| Kaycee JohnsonScholarship | Hope, NM | $1K | 2023 |
| Callie KniepkampScholarship | Pinon, NM | $1K | 2023 |
| Autumn WortleyScholarship | Artesia, NM | $1K | 2023 |
| Cole KincaidScholarship | Hope, NM | $1K | 2023 |
| Dorian CorteseScholarship | Artesia, NM | $1K | 2023 |
| Fabian PrudencioScholarship | Glencoe, NM | $1K | 2023 |
| Fallon VelasquezScholarship | Hondo, NM | $1K | 2023 |
| Alyssa Baeza-LiebScholarship | Artesia, NM | $1K | 2023 |
| Presley SkinnerScholarship | Artesia, NM | $1K | 2023 |
| Angela MontgomeryScholarship | Pinon, NM | $800 | 2023 |
| Chance CampbellScholarship | Artesia, NM | $800 | 2023 |
| Kagen WatsonScholarship | Las Cruces, NM | $800 | 2023 |
| Lauren HensonScholarship | Artesia, NM | $800 | 2023 |
| Payton DeansScholarship | Artesia, NM | $800 | 2023 |
| Rylee JarrattScholarship | Artesia, NM | $800 | 2023 |
| Zane SkinnerScholarship | Artesia, NM | $800 | 2023 |
| Autumn NailonScholarship | Artesia, NM | $800 | 2023 |
| Kassidy BranchScholarship | Lubbock, TX | $500 | 2023 |
| Zachary PinsonScholarship | Artesia, NM | $500 | 2023 |
| Parker JohnsonScholarship | Artesia, NM | $500 | 2023 |
| Ian RobsonScholarship | Hagerman, NM | $500 | 2023 |
| Kate CooperScholarship | Tinnie, NM | $500 | 2023 |
| Jacob CookScholarship | Cloudcroft, NM | $500 | 2023 |
| Zackary PinsonSCHOLARSHIP | Artesia, NM | $1K | 2022 |
| Olivia BerdingSCHOLARSHIP | Roswell, NM | $1K | 2022 |