Cdec Ll INC FY2021 filing

Grants, NMMutual-benefit / member-servingEIN 82-3954266

Holding title to property for sole benefit of a section 501(c)(12) tax-exempt electric co-op.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $42K a year · 40% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$105K
0% vs prior year
Spent
$0
Net assets
$10.5M
By yearFY2020–FY2024
Revenue
$105K
FY20210%
Revenue by fiscal year
FY2020$105K
FY2021$105K
FY2022$105K
FY2023$105K
FY2024$105K
Expenses
$0
FY2021
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$105K
FY2023$105K
FY2024$105K
Net assets
$10.5M
FY20210%
Net assets by fiscal year
FY2020$10.5M
FY2021$10.5M
FY2022$10.5M
FY2023$10.5M
FY2024$10.5M

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cdec Ll INC executive salaries →

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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.

Provided by the organization

This section is blank until Cdec Ll INC claims this page.

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1 program service, described in the organization's own filed words · FY2021.
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).

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$105K
Ln 12
Investment incomeLn 3$105K
Money outPt IX
$0
Ln 25
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 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$105K
Total revenueLn 12$105K
Assets in detailPt X, end of year
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
LineStart FY21End FY21
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
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $105K$105K$0$10.5M 990 PDF
FY2023 $105K$105K$0$10.5M 990 PDF
FY2022 $105K$105K$0$10.5M 990 PDF
FY2021 Viewing $105K$0$105K$10.5M 990 PDF
FY2020 $105K$0$105K$10.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
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 $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $10,495,050 assets, 4 lines filed
Asset lines not itemized here account for $10,495,050; see the IRS return.
X-16 Total assetsStart of year $10,495,050$10,495,050
X-26 Total liabilitiesStart 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$0
XI-3 Revenue less expenses$104,951
XI-4 Net assets at start of year$10,495,050
XI-9 Other changes in net assets−$104,951
XI-10 Net assets at end of year$10,495,050

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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