Nonprofit · EIN 85-0092965
CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED
Tax-exempt · MOUNTAINAIR, NM 87036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $43,176,696 | $43,343,860 | -$167,164 | $119,319,293 | $59,220,811 | $60,098,482 |
| December 31, 2023 | 990 | $40,050,611 | $39,797,236 | $253,375 | $106,066,586 | $49,232,894 | $56,833,692 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $42,676,045
- Investment income
- $264,921
- Net rental income
- $12,000
- Net income from sales of inventory
- -$6,378
- Other revenue
- $235,730
Expenses
- Grants and similar amounts paid
- $27,982
- Benefits paid to members
- $3,705,205
- Compensation of officers, directors and key employees
- $561,816
- Other salaries and wages
- $3,650,137
- Salaries, compensation and benefits (total)
- $5,547,152
- Professional fundraising fees
- $0
- Depreciation
- $3,730,672
Balance sheet and other
- Total assets, start of year
- $106,066,586
- Total assets, end of year
- $119,319,293
- Total liabilities, end of year
- $59,220,811
- Net assets, end of year
- $60,098,482
- Land, buildings and equipment
- $83,294,059
- Gross unrelated business income
- $102,489
- Gross receipts
- $43,196,131
- Employees
- 73
- Volunteers
- 0
- Year formed
- 1945
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALENA BRANDENBERGER | CEO Officer | 40 | $169,920 | $76,206 |
| JEREMIAH KECK | LINE FOREMAN Highest-paid employee | 40 | $134,184 | $46,835 |
| JIMMIE RAY | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $120,657 | $40,708 |
| ERNESTO ACOSTA | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $135,368 | $25,132 |
| COREY PLANT | LINE FOREMAN Highest-paid employee | 40 | $136,194 | $15,903 |
| JUSTIN WALDON | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $115,787 | $32,279 |
| ALEXANDRA SANDOVAL | CFO (JAN-OCT) Officer | 40 | $110,579 | $21,496 |
| SUSAN METZGER | CFO Officer | 40 | $56,975 | $25,185 |
| DUANE FROST | PRESIDENT Trustee or director, Officer | 5.4 | $14,122 | $0 |
| JOSEPH ANAYA | TRUSTEE Trustee or director | 5.9 | $13,773 | $0 |
| SANTOS ANAYA JR | TRUSTEE Trustee or director | 4.7 | $13,526 | $0 |
| LISA GARDNER | ASSISTANT SECRETARY Trustee or director | 5.6 | $12,271 | $0 |
| BILL KING | SECRETARY Trustee or director, Officer | 4.3 | $12,173 | $0 |
| JOSEPH VICENTE III | TREASURER Trustee or director, Officer | 3.2 | $12,030 | $0 |
| WAYNE CONNELL | VICE PRESIDENT Trustee or director, Officer | 2.6 | $11,938 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH LUJAN | TRUSTEE Trustee or director | 3.5 | $11,622 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALENA BRANDENBERGER | CEO Officer | 40 | $167,455 | $33,410 |
| JEREMIAH KECK | LINE FOREMAN Highest-paid employee | 40 | $131,828 | $30,065 |
| FRED MARTIN | LINE FOREMAN Highest-paid employee | 40 | $123,329 | $30,227 |
| PATRICK SANCHEZ | LINE FOREMAN Highest-paid employee | 40 | $113,406 | $32,112 |
| ERNESTO ACOSTA | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $124,549 | $13,752 |
| JUSTIN WALDON | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $108,202 | $22,457 |
| ALEXANDRA SANDOVAL | CFO Officer | 40 | $96,299 | $21,857 |
| SANTOS TAPIA | TRUSTEE Trustee or director | 3.6 | $12,140 | $0 |
| JOSEPH VICENTE | TREASURER Trustee or director, Officer | 2.3 | $12,044 | $0 |
| DUANE FROST | PRESIDENT Trustee or director, Officer | 4.9 | $11,636 | $0 |
| LISA GARDNER | ASSISTANT SECRETARY Trustee or director | 4.6 | $11,485 | $0 |
| WAYNE CONNELL | VICE PRESIDENT Trustee or director, Officer | 3.8 | $11,352 | $0 |
| BILL KING | SECRETARY Trustee or director, Officer | 4 | $11,191 | $0 |
| KENNETH LUJAN MAY-DEC | TRUSTEE Trustee or director | 2.5 | $7,757 | $0 |
| JOSEPH ANAYA MAY-DEC | TRUSTEE Trustee or director | 9 | $7,525 | $0 |
| PHILLIP WALLIN JAN-MAY | ASSISTANT SECRETARY Trustee or director, Officer | 0.4 | $3,879 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 157, MOUNTAINAIR, NM 87036-0157
- In care of
- % DAVID BERRYMAN
- Principal officer (990 for 2024)
- ALENA BRANDENBERGER, PO BOX 157, MOUNTAINAIR, NM 87036
- Signed the 990
- ALENA BRANDENBERGER, CEO
- Phone
- (505) 832-4483
- Website
- WWW.CNMEC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
CENTRAL NEW MEXICO ELECTRIC IS A NOT FOR PROFIT, MEMBER OWNED UTILITY, DELIVERING SAFE AND RELIABLE ENERGY TO THE COMMUNITIES WE SERVE. THROUGH THE SEVEN COOPERATIVE PRINCIPLES, WE PROVIDE HIGH QUALITY SERVICES TO OUR MEMBERS THROUGH EDUCATION AND COMMUNITY INVOLVEMENT.
Program accomplishments
- SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 19,173 METERS/SERVICES AT YEAR END.
- DURING 2024, THE COOPERATIVE BEGAN PROVIDING BROADBAND SERVICES TO MEMBERS ON A PATRONAGE BASIS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0092965
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $130,462,197
- Income (IRS master file)
- $43,609,198
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $43,176,696 | $43,343,860 | $119,319,293 | XML |
| 990 | December 2023 | $40,050,611 | $39,797,236 | $106,066,586 | XML |
| 990 | December 2022 | $37,890,538 | $37,736,383 | $107,325,182 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0092965).
Questions about CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED
- What is the EIN of CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED?
- The employer identification number (EIN) of CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED is 85-0092965.
- Is CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1952.
- Are donations to CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2024 names ALENA BRANDENBERGER.
- Who are the officers and directors of CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $169,920 (ALENA BRANDENBERGER, CEO).
- How much revenue does CENTRAL NEW MEXICO ELECTRIC COOPERATIVE INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $43,176,696, expenses of $43,343,860 and total assets of $119,319,293 at year end.
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