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Also known as: FOUNDATION
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Sierra Electric Cooperative Education Foundation is a private trust based in ELEPHANT BTTE, NM. The foundation received its IRS ruling in 1987. It holds total assets of $912K. Annual income is reported at $196K. Total assets have grown from $148K in 2011 to $720K in 2023. The foundation is governed by 4 officers and trustees. College scholarships to active members, immediate family of active members, immediate family of employees of sierra electric cooperative, and persons who reside in the service area of sierra electric cooperative and utilize the electric power of sierra electric cooperative. Tax records are available from 2020 to 2023. Grantmaking is concentrated in New Mexico. According to available records, Sierra Electric Cooperative Education Foundation has made 40 grants totaling $104K, with a median grant of $3K. Annual giving has grown from $30K in 2021 to $43K in 2023. Individual grants have ranged from $2K to $4K, with an average award of $3K. The foundation has supported 26 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$2K
Average Grant
$2K
Largest Grant
$3K
Based on 13 grants from the most recent 990-PF filing.
College scholarships to active members, immediate family of active members, immediate family of employees of sierra electric cooperative, and persons who reside in the service area of sierra electric cooperative and utilize the electric power of sierra electric cooperative.
Expenses: $31K
College scholarships to active members, immediate family of active members, immediate family of employees of sierra electric cooperative, and persons who reside in the service area of sierra electric cooperative and utilize the electric power of sierra electric cooperative. Based on available records, the foundation has funded 40 grants. Its grantmaking reaches organizations primarily in NM.
Sierra Electric Cooperative Education Foundation has distributed a total of $104K across 40 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $2K to $4K.
The application deadline is APRIL 8, 2023. The sierra electric cooperative education foundation scholarship fund may award a post-secondary educational scholarship to students who meet the eligibility criteria listed below: 1. Student must be one of the following: a. An active member of sierra electric cooperative, inc.; b. Immediate family of an active member or an employee of sierra electric cooperative, inc.; c. A person who resides in our service area and utilizes our electric power service. 2. Attend an accredited post-secondary educational institution in new mexico, including vocational trade schools. 3. Be considered to be a full-time student. 4. Maintain a 2.5 or greater cumulative grade point average (gpa).
Sierra Electric Cooperative Education Foundation is headquartered in ELEPHANT BTTE, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Darryl Sullivan | PRESIDENT | $0 | $0 | N/A |
| Raymond Ruffini | VICE PRESIDENT | $0 | $0 | N/A |
| George Biel | TREASURER | $0 | $0 | N/A |
| Tami Garrett | SECRETARY | $0 | $0 | N/A |
Total Giving
$44K
Total Assets
$720K
Fair Market Value
$720K
Net Worth
$720K
Grants Paid
$43K
Contributions
$60K
Net Investment Income
$17K
Distribution Amount
$32K
Total Grants
40
Total Giving
$104K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
26
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Conner RobertsSCHOLARSHIP | Hillsboro, NM | $3K | 2023 |
| Cravenock MokenaSCHOLARSHIP | Monticello, NM | $3K | 2023 |
| Destiny RagsdaleSCHOLARSHIP | Williamsburg, NM | $3K | 2023 |
| Haley WoolfSCHOLARSHIP | Elephant Butte, NM | $3K | 2023 |
| Juan MontoyaSCHOLARSHIP | Monticello, NM | $3K | 2023 |
| Katelyn ApodacaSCHOLARSHIP | Albuquerque, NM | $3K | 2023 |
| Presley SullivanSCHOLARSHIP | Monticello, NM | $3K | 2023 |
| Scarlette RodriguezSCHOLARSHIP | Elephant Butte, NM | $3K | 2023 |
| Alison WasilowskiSCHOLARSHIP | Elephant Butte, NM | $3K | 2023 |
| Colton MontoyaSCHOLARSHIP | Caballo, NM | $3K | 2023 |
| Alicia GonzalesSCHOLARSHIP | Elephant Butte, NM | $3K | 2023 |
| Logen TaylorSCHOLARSHIP | Truth Or Consequences, NM | $2K | 2023 |
| Dawson GuruleSCHOLARSHIP | Caballo, NM | $2K | 2023 |
| Melanie SpearsSCHOLARSHIP | Truth Or Consequences, NM | $2K | 2023 |
| Noah AllenSCHOLARSHIP | Truth Or Consequences, NM | $2K | 2023 |
| Matthew AguirreSCHOLARSHIP | Arrey, NM | $2K | 2023 |
| Valarie GaraySCHOLARSHIP | Derry, NM | $3K | 2022 |
| Braden SanchezSCHOLARSHIP | Winston, NM | $2K | 2022 |
| Jessica WellsSCHOLARSHIP | Elephant Butte, NM | $2K | 2022 |
| Monkena CravenockSCHOLARSHIP | Monticello, NM | $2K | 2022 |
| Veronica MelendezSCHOLARSHIP | Arrey, NM | $4K | 2021 |
| Raeni MeyersSCHOLARSHIP | Elephant Butte, NM | $2K | 2021 |
| Dylin WeltySCHOLARSHIP | Truth Or Consequences, NM | $2K | 2021 |
| Tara NeeleySCHOLARSHIP | Williamsburg, NM | $2K | 2021 |
| Jered PinoSCHOLARSHIP | Las Cruces, NM | $2K | 2021 |
| Kimberly WilsonSCHOLARSHIP | Winston, NM | $2K | 2021 |