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Socorro Electric Foundation EIN 23-7044964 Form 990 (PDF) Claim this org

Socorro Electric Foundation

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A private foundation based in Socorro, NM. It reported about $29K in revenue for 2025. For fiscal year 2025 it reported $29K in revenue, $91K in expenses, and $408K in net assets.Pt I

Type
Private foundation / grantmaker · Nonprofit
Location
Socorro, NM
Website
www.socorroelectric.com/youth
Filings
6 on file (2020–2025)
Revenue
$29KFY2025
Expenses
$91K
Net assets
$408K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-7044964 Private foundation / grantmaker Socorro, NM
Form 990 (PDF)
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Size
<$100K
What they do
A private foundation based in Socorro, NM. It reported about $29K in revenue for 2025.
Leadership
Leroy Anaya · President
Money in and out
$29K revenue, $91K expenses
Bottom line
—
Grants paid & assets · FY2025
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$63K
Total assets
408K
deployed as grants and operations
Grants paid
72K
in FY2025
Grants made
42grants
total in period
Payout rate
18%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 42 grants · $72K · 2025–2025
Socorro Junior Livestock SaleFY2025$3,500
Catron County Fair AssociationFY2025$3,500
Reyna L AlvaradoFY2025$3,000
Angelica Jacquez-QuinonezFY2025$3,000
Victoria Jeanette OteroFY2025$2,000
Valencia Fair Management Co INCNM · FY2025$2,000
Serina N GarciaFY2025$2,000
Noah BugayongFY2025$2,000
Matthew SchofieldFY2025$2,000
Kilee B MounyoFY2025$2,000
Kateri V ZamoraFY2025$2,000
Katelyn a OrthmanFY2025$2,000
Kaitlynn R SiefertFY2025$2,000
Joshua R BacaFY2025$2,000
Jordan a MarklandFY2025$2,000
Jaime Alvarado JRFY2025$2,000
Hope DuerksenFY2025$2,000
Elizabeth a MoellenbrockFY2025$2,000
See all 42 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV2
Average grantPart XV$2K
Median grantPart XV$2K
Largest grantPart XV$4K
Top cause focusNTEERecreation & Sports (2%)

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$29K
FY2025▲ +47%
Expenses
$91K
FY2025▲ +11%
Total assets
$408K
FY2025▼ -12%
Total liabilities
$0
FY2025
Total revenue
$29K
Pt VIII · Ln 12
Total expenses
$91K
Pt IX · Ln 25
Net assets
$408K
Pt X · Ln 32
Total assetsPt II$408K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSocorro Electric Foundation
EINHdr · item D23-7044964
Principal addressHdr · item CSocorro, NM
WebsiteHdr · item Jwww.socorroelectric.com/youth
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1970

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Leroy Anaya
President
$0Pt VII · Sec A
Stephen Rosas
Vice President
$0Pt VII · Sec A
Eileen Latasa
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Dave Wade
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Socorro Electric Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$28K · 96%
Other revenue$1K · 3%
Investment income96%$28K
Other revenue3%$1K
Contributions & grants$100
Total revenueLn 12$29K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.78 Operating & administrative $0.22
Grants & contributions paid78%$72K
Operating & administrative22%$20K
Total functional expensesLn 25$91K

Balance Sheet

Part X · end of year
CashLn 1$408K
Total assetsLn 16$408K
Total liabilitiesLn 26$0
Total net assetsLn 32$408K
Months of cash on handcomputed53.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $408K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $29K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $29K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $29K · Prior year $19K
Prior-year revenue below floor — showing dollar change
Revenue CAGR
FY2020 $260K · FY2025 $29K
-36%
Net-asset trend (YoY)
End of year $408K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $29K · Expenses $91K
-219%
Liabilities-to-Assets
Total liabilities — · Total assets $408K
—
Net-asset ratio
Net assets $408K · Total assets $408K
100%
People & payroll
Highest Reported Total Compensation
Individual Leroy Anaya · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $91K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 47%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$29K revenue · viewing · ⤓ 990 PDF
FY2024$19K revenue · ⤓ 990 PDF
FY2023$147K revenue · ⤓ 990 PDF
FY2022$11K revenue · ⤓ 990 PDF
FY2021$14K revenue · ⤓ 990 PDF
FY2020$260K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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