EIN 85-0084968

Socorro Electric Cooperative

IRS 501(c) type
501(c)(12)
Num. employees
46
City
Socorro
Year formed
1945
Most recent tax filings
2022-12-01
NTEE code, primary
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
$24,844,761
2022
Total expenses
$24,825,374
2022
Total assets
$82,005,802
2022
Num. employees
46
2022

Program areas at Socorro Electric Cooperative

Providing Electric energy to our members on a Cooperative basis through the allocation of patronage capital. There were 13,085 active services at year end.

Personnel at Socorro Electric Cooperative

NameTitleCompensation
Joseph HerreraChief Executive Officer$196,078
Jimmy W CappsChief Financial Officer$112,860
Ernest TorresLine Foreman$107,128
Steven B DettmerLine Superintendent$111,031
Tony LopezLead Line Foreman$130,963
...and 6 more key personnel

Financials for Socorro Electric Cooperative

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$24,480,288
Investment income and dividends$33,556
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$203,063
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$127,854
Total revenues$24,844,761

Form 990s for Socorro Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-08990View PDF
2021-122022-05-16990View PDF
2020-122021-05-17990View PDF
2019-122021-06-07990View PDF
2018-122019-09-14990View PDF
...and 9 more Form 990s

Organizations like Socorro Electric Cooperative

OrganizationLocationRevenue
Sangre de Cristo Electric AssociationBuena Vista, CO$22,796,284
San Patricio Electric CooperativeSinton, TX$33,604,198
Canadian Valley Electric CooperativeSeminole, OK$68,485,719
Webster Electric CooperativeMarshfield, MO$37,992,455
Mclean Electric CooperativeGarrison, ND$16,700,142
Dakota Valley Electric CooperativeEdgeley, ND$61,778,658
Ckenergy Electric CooperativeBinger, OK$96,879,490
Lacreek Electric AssociationMartin, SD$16,981,465
Orcas Power and Light CooperativeEastsound, WA$36,286,957
Yampa Valley Electric AssociationSteamboat Springs, CO$75,827,227
Data update history
July 3, 2023
Updated personnel
Identified 7 new personnel
May 21, 2023
Updated personnel
Identified 2 new personnel
September 10, 2022
Used new vendors
Identified 1 new vendor, including
April 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
October 2, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public utilitiesPublic sector nonprofitsHeadquarter / parent organizations
Issues
No issues found
Characteristics
State / local level
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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