Cause IQ organization profile

Socorro Electric Cooperative

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Socorro Electric Cooperative is a public utility based in Socorro, NM that was founded in 1945. As of 2019 they had $26 million in revenue and $74 million in assets.

It shall be the aim of the socorro electric cooperative, inc. to make electric energy available to its members at the lowest cost consistent with sound economy and good management. To provide quality and reliable electric service to members of the coo...

EIN:
85-0084968
City:
Socorro
State:
Website:
Founded:
1945
Type:
501(c)(12)
NTEE:
Revenue:
$26,760,713
Assets:
$74,772,690
Employees:
45
Fiscal year end:
December
Revenue trends:
Asset trends:

Program areas at Socorro Electric Cooperative

Providing electric energy to our members - 12,725 active services at year end were provided electricity on a cooperative basis through the allocation of patronage capital.

Form 990s for Socorro Electric Cooperative

Fiscal year endingDate received by IRSFormPDF link
2018-12Sep 14, 2019990View PDF
2017-12Sep 12, 2018990View PDF
2016-12Sep 29, 2017990OView PDF
2015-12Oct 7, 2016990OView PDF
2014-12Aug 3, 2015990OView PDF
...and five more Form 990 PDFs

Financials for Socorro Electric Cooperative

Field2018
Total grants, contributions, etc.$0
Program services$25,944,359
Investment income and dividends$750,839
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$65,515
Total revenues$26,760,713

Vendors for Socorro Electric Cooperative

VendorServicesAmount paidDate
DrupalContent management system software2020-08-14
████████ ██████ ███████ ███ ████ ███Tax accounting2019-05-14
████████████ ███ ████████████ ████████ ██Engineering Services$241,9592018-12-01

Personnel at Socorro Electric Cooperative

NameTitleCompensationMost recent data
Joseph HerreraChief Executive Officer and General Manager$187,694Dec. 31, 2018
David MontoyaSafety and Loss Coordinator$104,831Dec. 31, 2018
█████ ████████Line Superintendent / Lead Line Foreman$106,167Dec. 31, 2018
████ █████Lead Line Foreman$113,440Dec. 31, 2018
████ ███████President$4,993Aug. 16, 2019
████ ███████Vice President$5,529Dec. 31, 2018
████ ████ ████Secretary and Treasurer / Board Member$5,532Dec. 31, 2018
█████████ ███████ ███████Secretary and Treasurer$3,051Dec. 31, 2016
████ ████Vice President$9,584Nov. 7, 2016
█████████ ███████Secretary and Treasurer$4,132Nov. 7, 2016
...and three more key personnel

Peer public utilities

 NameTypeRevenueLocation
1Columbus Electric Cooperative501(c)(12)$15 millionDeming, NM
2Sierra Electric Cooperative501(c)(12)$9.6 millionElephant Butte, NM
3Central New Mexico Electric Cooperative501(c)(12)$36 millionMountainair, NM
4Roosevelt County Electric Cooperative501(c)(12)$15 millionPortales, NM
5Continental Divide Electric Cooperative501(c)(12)$64 millionGrants, NM
6Central Valley Electric Cooperative501(c)(12)$70 millionArtesia, NM
7Otero County Electric Cooperative (OCEC)501(c)(12)$33 millionCloudcroft, NM
8Farmers Electric Cooperative of New Mexico501(c)(12)$38 millionClovis, NM
9Mora-San Miguel Electric Cooperative501(c)(12)$12 millionMora, NM
10Jemez Mountains Electric Cooperative501(c)(12)$54 millionEspanola, NM
11Kit Carson Electric Cooperative501(c)(12)$48 millionTaos, NM
12Lea County Electric Cooperative501(c)(12)$94 millionLovington, NM
13Adams Rural Electric Cooperative501(c)(12)$16 millionWest Union, OH
14Redwood Electric Cooperative501(c)(12)$14 millionClements, MN
15Big Horn County Electric Cooperative501(c)(12)$7.6 millionHardin, MT
16Cumberland Valley Electric501(c)(12)$47 millionGray, KY
17Dakota Energy Cooperative501(c)(12)$26 millionHuron, SD
18Black Hills Electric Cooperative501(c)(12)$22 millionCuster, SD
19Whetstone Valley Electric Cooperative501(c)(12)$11 millionMilbank, SD
20Central Texas Electric Cooperative501(c)(12)$69 millionFredericksburg, TX
21Mid-South Synergy501(c)(12)$87 millionNavasota, TX
22Sun River Electric Cooperative501(c)(12)$11 millionFairfield, MT
23Beartooth Electric Cooperative501(c)(12)$8.7 millionRed Lodge, MT
24Rich Mountain Electric Cooperative (RMEC)501(c)(12)$17 millionMena, AR
25Kiwash Electric Cooperative501(c)(12)$21 millionBinger, OK