Nonprofit · EIN 85-0098061
JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC
Tax-exempt · ESPANOLA, NM 87532
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $58,582,869 | $58,068,715 | $514,154 | $148,008,420 | $84,040,186 | $63,968,234 |
| December 31, 2023 | 990 | $56,355,734 | $55,334,844 | $1,020,890 | $146,446,207 | $85,204,014 | $61,242,193 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $58,384,715
- Investment income
- -$11,929
- Net rental income
- -$9,921
- Net gain from sales of assets
- -$15,819
- Other revenue
- $210,083
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $2,218,959
- Compensation of officers, directors and key employees
- $578,730
- Other salaries and wages
- $6,880,954
- Salaries, compensation and benefits (total)
- $9,543,243
- Professional fundraising fees
- $0
- Depreciation
- $4,298,790
Balance sheet and other
- Total assets, start of year
- $146,446,207
- Total assets, end of year
- $148,008,420
- Total liabilities, end of year
- $84,040,186
- Net assets, end of year
- $63,968,234
- Land, buildings and equipment
- $98,085,428
- Gross receipts
- $58,632,650
- Employees
- 133
- Volunteers
- 0
- Year formed
- 1943
- 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 |
|---|---|---|---|---|
| GERALDINE ROMERO | CFO Officer | 55 | $162,651 | $22,008 |
| BRANDON BUSTOS | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $160,262 | $22,206 |
| JONATHAN ROMERO | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $157,606 | $24,513 |
| JOSEPH SANCHEZ | GENERAL MANAGER/CEO Officer | 55 | $152,716 | $20,257 |
| RANDY VIGIL | OPERATIONS MANAGER Highest-paid employee | 55 | $147,622 | $22,749 |
| JOHN BOWKETT | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $148,804 | $21,025 |
| BENJAMIN SANCHEZ | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $145,819 | $21,183 |
| MICHAEL HASTINGS | GENERAL MANAGER/CEO (JAN) Officer | 55 | $51,889 | $9,851 |
| DENNIS G ASTLEY | ASSISTANT GENERAL MANAGER (JAN-FEB) Officer | 55 | $51,379 | $7,037 |
| DENNIS TRUJILLO | PRESIDENT Trustee or director, Officer | 9.8 | $13,285 | $0 |
| MANUEL BUSTOS | VICE PRESIDENT Trustee or director, Officer | 9.1 | $13,244 | $0 |
| MARCELINA MARTINEZ | TRUSTEE Trustee or director | 7.5 | $11,791 | $0 |
| HENRY ROYBAL | TRUSTEE Trustee or director | 6.7 | $10,079 | $0 |
| DANNY VELARDE | SECRETARY Trustee or director, Officer | 7.2 | $9,973 | $0 |
| DOLORES MCCOY | TREASURER Trustee or director, Officer | 6.3 | $9,458 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIAS CORIZ | TRUSTEE Trustee or director | 4.7 | $7,845 |
| MARISSA MAESTAS-MULLER | TRUSTEE Trustee or director | 4 | $7,695 |
| DENNIS GALLEGOS | TRUSTEE Trustee or director | 3.1 | $6,831 |
| LUCAS CORDOVA JR | TRUSTEE Trustee or director | 3.4 | $6,733 |
| JOHN RAMON VIGIL | TRUSTEE Trustee or director | 2 | $4,008 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL HASTINGS | GENERAL MANAGER/CEO Officer | 55 | $186,684 | $18,927 |
| DENNIS G ASTLEY | ASSISTANT GENERAL MANAGER Officer | 55 | $174,025 | $18,981 |
| JONATHAN ROMERO | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $138,677 | $20,246 |
| ISAAC TRUJILLO | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $144,092 | $11,963 |
| RANDY VIGIL | OPERATIONS MANAGER Highest-paid employee | 55 | $136,794 | $12,224 |
| CARLOS SALAZER | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $133,646 | $11,100 |
| LEE QUINTANA | JOURNEYMAN LINEMAN Highest-paid employee | 55 | $134,274 | $7,640 |
| GERALDINE ROMERO | CFO Officer | 55 | $115,158 | $9,960 |
| DENNIS TRUJILLO | PRESIDENT Trustee or director, Officer | 11.9 | $13,322 | $0 |
| ELIAS CORIZ | TRUSTEE Trustee or director | 7.2 | $11,507 | $0 |
| MANUEL BUSTOS | VICE PRESIDENT Trustee or director, Officer | 9.9 | $10,989 | $0 |
| DOLORES MCCOY | TREASURER Trustee or director, Officer | 8.9 | $9,588 | $0 |
| MARCELINA MARTINEZ | SECRETARY Trustee or director, Officer | 5.3 | $8,626 | $0 |
| JOHN RAMON VIGIL | TRUSTEE Trustee or director | 5.8 | $7,943 | $0 |
| MARISSA MAESTAS-MULLER | TRUSTEE Trustee or director | 4.4 | $6,573 | $0 |
| LUCAS CORDOVA JR | TRUSTEE Trustee or director | 4 | $6,252 | $0 |
| DENNIS GALLEGOS | TRUSTEE Trustee or director | 5.2 | $5,570 | $0 |
| HENRY ROYBAL | ASST SECRETARY/TREASURER (AUG-DEC) Trustee or director, Officer | 5.4 | $3,046 | $0 |
| DANNY VELARDE | TRUSTEE (AUG-DEC) Trustee or director | 3.2 | $1,443 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 128, ESPANOLA, NM 87532-0128
- Principal officer (990 for 2024)
- JOSEPH SANCHEZ, PO BOX 128, ESPANOLA, NM 87532
- Signed the 990
- JOSEPH SANCHEZ, GENERAL MANAGER/CEO
- Phone
- (505) 753-2105
- Website
- WWW.JEMEZCOOP.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
RECOGNIZING OUR ROOTS AS A MEMBER OWNED COOPERATIVE AND PROVIDING RELIABLE AND AFFORDABLE POWER.
Program accomplishments
- SALE OF ELECTRIC ENERGY TO MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 31,660 ACTIVE SERVICES AT YEAR END.
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0098061
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $148,008,420
- Income (IRS master file)
- $58,632,650
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $58,582,869 | $58,068,715 | $148,008,420 | XML |
| 990 | December 2023 | $56,355,734 | $55,334,844 | $146,446,207 | XML |
| 990 | December 2022 | $50,528,193 | $53,920,769 | $130,408,510 | 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 85-0098061).
Questions about JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC
- What is the EIN of JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC is 85-0098061.
- Is JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1954.
- Are donations to JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC 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 JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC 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 JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names JOSEPH SANCHEZ.
- Who are the officers and directors of JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $162,651 (GERALDINE ROMERO, CFO).
- How much revenue does JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $58,582,869, expenses of $58,068,715 and total assets of $148,008,420 at year end.
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