Cdec Ll INC: Nonprofit Profile, Financials & Form 990 (EIN 82-3954266)

Revenue by fiscal year
FY2020	$105K
FY2021	$105K
FY2022	$105K
FY2023	$105K
FY2024	$105K

Expenses by fiscal year
FY2020	$0
FY2021	$0
FY2022	$105K
FY2023	$105K
FY2024	$105K

Net assets by fiscal year
FY2020	$10.5M
FY2021	$10.5M
FY2022	$10.5M
FY2023	$10.5M
FY2024	$10.5M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $105K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Keith Gottlieb

President

$0Pt VII · Sec A

Gwyn Hoskins

Treasurer

$0Pt VII · Sec A

Greg Albert

Secretary

$0Pt VII · Sec A

Donna Venable

Director

$0Pt VII · Sec A

Claudio Romero

Director

$0Pt VII · Sec A

See Cdec Ll INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages property ownership for an electric co-op's tax-exempt benefit.

Questions for Cdec Ll INC

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1 program · $105K · in their own filed words · FY2024

01

The organization holds title to property, collects income therefrom, and turns over the entire amount thereof, less expenses, to continenetal divide electric cooperative, inc. (cdec), a new mexico nonprofit corporation described in, and exempt from federal income taxes, under code section 501(c)(12).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 82-3954266) · Dispute this line

$105Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$105K

Ln 12

Investment incomeLn 3$105K

Money outPt IX

$105K

Ln 25

Programscol B$105K

Owns and owesPt X

$10.5M

net assets · Ln 32

Total assetsLn 16$10.5M

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$105K

Total revenueLn 12$105K

Assets in detailPt X, end of year

Notes and loans receivableLn 7$10.5M

Total assetsLn 16$10.5M

LiabilitiesLn 26$0

Net assetsLn 32$10.5M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Total assetsLn 16	$10.5M	$10.5M
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$10.5M	$10.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Benefits paid to or for membersLn 4	$105K
Total functional expensesLn 25	$105K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Jul 25, 2025	$105K	$105K	$0	$10.5M	990 PDF
FY2023Filed with the IRS Nov 8, 2024	$105K	$105K	$0	$10.5M	990 PDF
FY2022Filed with the IRS Oct 23, 2023	$105K	$105K	$0	$10.5M	990 PDF
FY2021Filed with the IRS Nov 15, 2022	$105K	$0	$105K	$10.5M	990 PDF
FY2020Filed with the IRS Feb 8, 2022	$105K	$0	$105K	$10.5M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $104,951 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $104,951$104,951

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $104,951$104,951

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $104,951$104,951

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$0

I-18 Total expensesPrior year $104,951$104,951

I-19 Revenue less expensesPrior year $0$0

Part VI · Governance 3 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $104,951 across 2 lines filed

VIII-3 Investment incomeRelated to mission $104,951$104,951

VIII-12 Total revenueRelated to mission $104,951 · Unrelated business $0 · Excluded from tax $0$104,951

Part IX · Statement of functional expenses $104,951 across 1 line filed

IX-4 Benefits paid to or for members$104,951

IX-25 Total functional expenses$104,951

Part X · Balance sheet $10,495,050 assets, 8 lines filed

X-7 Notes and loans receivableStart of year $10,495,050$10,495,050

X-16 Total assetsStart of year $10,495,050$10,495,050

X-26 Total liabilitiesStart of year $0$0

X-29 Capital stock or trust principalStart of year $0$0

X-30 Paid-in or capital surplusStart of year $10,495,050$10,495,050

X-31 Retained earnings or endowmentStart of year $0$0

X-32 Total net assets or fund balancesStart of year $10,495,050$10,495,050

X-33 Total liabilities and net assetsStart of year $10,495,050$10,495,050

Part XI · Reconciliation of net assets $10,495,050 net assets at year end

XI-1 Total revenue$104,951

XI-2 Total expenses$104,951

XI-3 Revenue less expenses$0

XI-4 Net assets at start of year$10,495,050

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$10,495,050

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Cdec Ll INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Cdec Ll INC

By the numbers

Filing history

Schedules filed Part IV