New Mexico Rural Electrification Cooperative Association Inc in Santa Fe, New Mexico (NM)

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New Mexico Rural Electrification Cooperative Association Inc
Employer Identification Number (EIN)850155370
Name of OrganizationNew Mexico Rural Electrification Cooperative Association Inc
Address614 Don Gaspar Ave, Santa Fe, NM 87505-4428
ActivitiesBusiness promotion (chamber of commerce, business league, etc.), Publishing activities
SubsectionBusiness League
Ruling Date06/1963
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCooperative
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$500,000 to $999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$878,230
Amount of Income$1,834,125
Form 990 Revenue Amount$1,834,125
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Professional Societies, Associations


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Amount of income in 2013: $1,834,125
This organization: 

 $1,834,125
Other organizations performing similar types of work: 

 $648,958

Assets in 2013: $878,230
This organization: 

 $878,230
Other organizations performing similar types of work: 

 $634,644

Expenses in 2012: $1,771,026
This organization: 

 $1,771,026
Other organizations performing similar types of work: 

 $585,519

Income to expenses ratio in 2012: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.1

Number of employees in 2012: 9
This organization: 

 9
Other organizations performing similar types of work: 

 8

Employees paid over $100,000 in 2012: 22.2%
New Mexico Rural Electrification Cooperative Association Inc: 

 22.2%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2012: 0.0%
New Mexico Rural Electrification Cooperative Association Inc: 

 0.0%
Other organizations performing similar types of work: 

 3.5%

Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$1,788,418
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$1,645,753
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$82
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$10,436
Gross rents (Real / Personal)$10,436 / $0
Less: rental expenses (Real / Personal)$0 / $0
Rental income or (loss) (Real / Personal)$10,436 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$132,147
Statement of Functional Expenses (for 2012)
Total functional expenses$1,771,026
Compensation of current officers, directors, trustees, and key employees$286,411
Other salaries and wages$370,741
Payroll taxes$38,862
Professional fundraising services$0
Other$1,075,012
Balance Sheet (for 2012)
Total assets$479,394
Total liabilities$64,067
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$64,067
Total net assets or fund balances$415,327
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$1,317,079$1,226,358$1,343,297$1,343,397$1,344,252$1,426,912$1,521,042$1,570,075
Contributions, gifts, grants, and similar amounts received$12,150$0$0$0$0$0$0$0
Contributions to donor advised funds$0$0
Direct public support$12,150$0$0$0$0$0$0$0
Indirect public support$0$0$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0$0$0
Program service revenue including government fees and contracts$181,000$181,000$181,000$181,000$181,000$181,000$181,000$181,000
Membership dues and assessments$959,987$900,264$1,032,359$1,026,075$1,021,263$1,095,792$1,188,833$1,234,683
Interest on savings and temporary cash investments$8,234$5,237$2,053$1,017$638$1,559$2,748$3,094
Dividends and interest from securities$0$0$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0$0
Other revenue$155,708$139,857$127,885$135,305$141,351$148,561$148,461$151,298
Total expenses$1,278,293$1,267,376$1,322,631$1,349,936$1,379,562$1,423,380$1,508,673$1,528,045
Program services$0$0$0$0$0$0$0$0
Management and general$0$0$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$414,624$373,606$394,272$387,733$352,423$355,955$328,743$370,773
Excess or (deficit) for the year$38,786$-41,018$20,666$-6,539$-35,310$3,532$12,369$42,030
Net assets or fund balances at beginning of year$175,947$414,624$373,606$394,272$387,733$352,423$355,955$328,743
Other changes in net assets or fund balances$199,891$0$0$0$0$0$-39,581$0
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$1,528,045$0$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$181,428$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$314,952$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$134,875$0$0$0
Payroll taxes$32,404$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$4,050$0$0$0
Legal fees$34,106$0$0$0
Supplies$11,666$0$0$0
Telephone$20,577$0$0$0
Postage and shipping$265,212$0$0$0
Occupancy$34,249$0$0$0
Equipment rental and maintenance$15,897$0$0$0
Printing and publications$215,157$0$0$0
Travel$29,657$0$0$0
Conferences, conventions, and meetings$83,095$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$3,172$0$0$0
Other expenses not covered above$147,548$0$0$0
Balance Sheets
20002001200220032004200520062007
Total assets$679,779$701,502$399,023$389,627$352,423$358,976$378,788$429,470
Cash - non-interest-bearing$89,887$41,606$92,135$54,408$38,484$38,629$62,358$107,574
Savings and temporary cash investments$65,236$67,365$61,863$55,702$55,854$56,966$59,165$61,616
Accounts receivable less allowance for doubtful accounts$261,176$342,886$8,555$8,641$3,556$12,024$9,080$15,267
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0$0$0
Investments - publicly-traded securities$0$0
Investments - other securities$0$0$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$262,790$249,615$236,440$270,846$254,499$251,327$248,155$244,983
Other assets, including program-related investments$690$30$30$30$30$30$30$30
Total liabilities$265,155$327,896$4,751$1,894$0$3,021$50,045$58,697
Accounts payable and accrued expenses$9,311$1,775$2,142$1,894$0$3,021$50,045$58,697
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$255,844$326,121$2,609$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$0$0$0
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$679,779$701,502$399,023$389,627$352,423$358,976$378,788$429,470
Total net assets or fund balances$414,624$373,606$394,272$387,733$352,423$355,955$328,743$370,773
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$0$0$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$0$0$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
60$157,608$23,820$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings17
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20065
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,094$1,566,981
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$181,000
Membership dues and assessments000000$000$0$1,234,683
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$3,094$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$151,298
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1National Rural Electric Cooperative Association4301 Wilson Blvd, Arlington, VA 22203-1867VA1947-03$204,446,831
2Southwest Power Pool Inc201 Worthen Dr, Little Rock, AR 72223-4936AR1995-06$144,133,352
3Western Electricity Coordinating Council155 N 400 W Ste 200, Salt Lake Cty, UT 84103-1114UT1996-06$62,158,414
4New Mexico Rural Electrification Cooperative Association Inc614 Don Gaspar Ave, Santa Fe, NM 87505-4428NM1963-06$1,834,125
5Wisconsin Rural Water Association Inc350 Water Way, Plover, WI 54467-3142WI1994-09$2,236,072
6Rural Water Association Of Utah76 Red Pine Dr, Alpine, UT 84004-1557UT1992-08$2,074,811
7Nopec Inc31360 Solon Rd Ste 33, Solon, OH 44139-3577OH2012-01$1,101,500
8Virginia Rural Water Association2138 Sycamore Ave, Buena Vista, VA 24416-3126VA1990-01$917,730
9Midcontinent Chapter Of The Gas Processors Association6526 E 60th St, Tulsa, OK 74145-9202OK2012-04$123,841
10Texas Water Utilities Association, North Central Texas RegionPO BOX 985, Arlington, TX 76004-0985TX1995-11$117,305
11Water Resources Association Of The Delaware River Basin1211 Greenway Rd, Wilmington, DE 19803-3519DE1960-07$109,613
12Texas Water Utilities Association, East Texas Region14792 County Road 192, Tyler, TX 75703-6722TX1995-11$92,535
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18American Water Works Association, Arizona Section1042 Willow Creek Rd A101 510, Prescott, AZ 86301-1673AZ1969-05$0
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Number of organizations performing similar types of work
Alabama2
Arkansas3
Arizona1
California3
Colorado2
Connecticut1
District of Columbia5
Delaware1
Florida3
Georgia1
Hawaii1
Iowa1
Idaho2
Illinois2
Indiana2
Kansas1
Kentucky1
Louisiana2
Massachusetts2
Maryland1
Michigan2
Minnesota3
Missouri2
Mississippi2
North Carolina2
North Dakota1
Nebraska1
New Hampshire1
New Jersey1
New Mexico1
New York2
Ohio3
Oklahoma2
Oregon2
Pennsylvania5
South Carolina2
South Dakota1
Tennessee2
Texas6
Utah2
Virginia5
Vermont1
Washington1
Wisconsin2
West Virginia2
Total91

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