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Also known as: EDUCATION FOUNDATION
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Southwestern Electric Cooperative Education Foundation is a private trust based in CLAYTON, NM. The foundation received its IRS ruling in 1989. It holds total assets of $80K. Annual income is reported at $6K. Total assets have grown from $49K in 2010 to $82K in 2022. The foundation is governed by 7 officers and trustees. Expenses related to the awarding of educational scholarships to any person living in a residence receiving electric power from southwestern electric cooperative. Tax records are available from 2020 to 2023. Grantmaking is concentrated in New Mexico. According to available records, Southwestern Electric Cooperative Education Foundation has made 13 grants totaling $15K, with a median grant of $1K. The foundation has distributed between $7K and $8K annually from 2022 to 2023. Individual grants have ranged from $150 to $5K, with an average award of $1K. The foundation has supported 10 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$1K
Largest Grant
$3K
Based on 7 grants from the most recent 990-PF filing.
Expenses related to the awarding of educational scholarships to any person living in a residence receiving electric power from southwestern electric cooperative.
Expenses: $4K
Funds to help sponsor the local county fair. Students in the service area participate in the fair through contests and showing of animals.
Expenses: $5K
Expenses related to the awarding of educational scholarships to any person living in a residence receiving electric power from southwestern electric cooperative. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in NM.
Southwestern Electric Cooperative Education Foundation has distributed a total of $15K across 13 grants. The median grant size is $1K, with an average of $1K. Individual grants have ranged from $150 to $5K.
The application deadline is MARCH 15. One year scholarships, in an amount to be determined on an annual basis, with one half to be paid at the start of each semester. To be eligible the following eleigibility requirements must be met: available to active memebers receiving service from southwestern electric cooperative, inc. Or any memebers of the household of any such person. Applicant must attend an accredited vocational school, technical school, college, or university. Applicant must maintian a least a 2.5 grade point average on a 4.0 scale and be considered by the registrar of the institute attended to be a student in good standing. Applicant must demonstrate a coherent degree plan and willingness to persue a course of higher education. Applicant must re-apply each year for the scholarship. Receiving the scholarship is contigent upon meeting the enrollment status, passing grade requirements, and be a student in good standing reviewed by the foundation on an annual basis.
Southwestern Electric Cooperative Education Foundation is headquartered in CLAYTON, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joel Gilbert | PRESIDENT | $0 | $0 | N/A |
| Jack Chatfield | TRUSTEE | $0 | $0 | N/A |
| Roy Perschbacher | SECRETARY/TR | $0 | $0 | N/A |
| Joe Reeser | VICE-PRESIDE | $0 | $0 | N/A |
| Ron Green | TRUSTEE | $0 | $0 | N/A |
| Renee Rinestine | TRUSTEE | $0 | $0 | N/A |
| Mikael Nixon | TRUSTEE | $0 | $0 | N/A |
Total Giving
$9K
Total Assets
$82K
Fair Market Value
$82K
Net Worth
$82K
Grants Paid
$8K
Contributions
$860
Net Investment Income
$836
Distribution Amount
$708
Total Grants
13
Total Giving
$15K
Average Grant
$1K
Median Grant
$1K
Unique Recipients
10
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Union County Fair AssociationSUPPORT LOCAL STUDENTS-COUNTY FAIR | Clayton, NM | $5K | 2023 |
| Cooper ArringtonSCHOLARSHIP | Clayton, NM | $1K | 2023 |
| Hadley MillerSCHOLARSHIP | Grenville, NM | $1K | 2023 |
| Jaylee JuddSCHOLARSHIP | Logan, NM | $1K | 2023 |
| Callie BatesSCHOLARSHIP | Clayton, NM | $500 | 2023 |
| Harding County FairSUPPORT LOCAL STUDENTS - COUNTY FAIR | Mills, NM | $150 | 2023 |
| Cara DrummSCHOLARSHIP | Clayton, NM | $1K | 2022 |
| Mandy CrispSCHOLARSHIP | Clayton, NM | $1K | 2022 |
| Jaide WalkerSCHOLARSHIP | Clayton, NM | $500 | 2022 |
| Kesleah ShieldsSCHOLARSHIP | Clayton, NM | $500 | 2022 |