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New Mexico Utility FY2020 filing

Albuquerque, NMUnknown exempt organizationEIN 85-0467310Revenue $161K in FY2020

On file with the IRSnmusa.orgPo Box 95735 · Albuquerque, NM

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To inform shareholders of the issues that may affect their interests in Utility companies operating in New Mexico.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $50K a year · 62% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$161K
Spent
$223K
To programs
0%
Net assets
$39K
By yearFY2020–FY2021
Revenue
$161K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$161K
FY2021$0
Expenses
$223K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$223K
FY2021$39K
Net assets
$39K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$39K
FY2021$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2021.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
John Fernald
Vice Preside
$0Pt VII · Sec A
Dan Lyon
Treasurer
$0Pt VII · Sec A
Ed Borchardt
Secretary
$0Pt VII · Sec A
Carla Sonntag
Executive Di
$0Pt VII · Sec A
Lenton Malry
Director
$0Pt VII · Sec A
Lee Griscott
Director
$0Pt VII · Sec A
See New Mexico Utility 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

Informs New Mexico utility shareholders about issues affecting their investments.

Questions for New Mexico Utility

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

Maintainted web site, distributed brochures and newsletters, and held meetings to inform members and other shareholders of industry developments.

Pt IX · col B
02

Shared information with similar organization and the general public, monitored and testified before legislative and regulatory bodies.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$161K
Ln 12
Gifts and grantsLn 1h$161K
Investment incomeLn 3$462
Money outPt IX
$223K
Ln 25
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$161K
Investment incomeLn 3$462
Total revenueLn 12$161K
Assets in detailPt X, end of year
CashLn 1$4K
SavingsLn 2$35K
Cash and savings togetherLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
Net assetsLn 32$39K
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$159K$39K
Total assetsLn 16$159K$39K
LiabilitiesLn 26$58K$0
Net assetsLn 32$101K$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$122K
Other fees for servicesLn 11g$48K
Advertising and promotionLn 12$29K
Conferences, conventions and meetingsLn 19$4K
Other expenses (24a–d)Ln 24$20K
Total functional expensesLn 25$223K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest $0$39K−$39K$0 990 PDF
FY2020 Viewing $161K$223K−$62K$39K 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 FY2020 990 (6 parts)
Part I · Summary $161,228 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $244,071$160,766
I-9 Program service revenue$0
I-10 Investment incomePrior year $871$462
I-11 Other revenuePrior year $500$0
I-12 Total revenuePrior year $245,442$161,228
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $239,703$223,046
I-18 Total expensesPrior year $239,703$223,046
I-19 Revenue less expensesPrior year $5,739−$61,818
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $161,228 across 4 lines filed
VIII-1b Membership dues$160,766
VIII-1h Total contributions, gifts and grants$160,766
VIII-3 Investment incomeExcluded from tax $462$462
VIII-12 Total revenueExcluded from tax $462$161,228
Part IX · Statement of functional expenses $223,046 across 5 lines filed
IX-11a Management fees$121,650
IX-11g Other fees for services$47,950
IX-12 Advertising and promotion$29,018
IX-19 Conferences, conventions and meetings$3,979
IX-24 Other expenses (24a–d)$20,449
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$223,046
Part X · Balance sheet $38,894 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $70,305$3,907
X-2 Savings and temporary cash investmentsStart of year $88,557$34,987
X-16 Total assetsStart of year $158,862$38,894
X-26 Total liabilitiesStart of year $58,150$0
X-27 Net assets without donor restrictionsStart of year $100,712$38,894
X-32 Total net assets or fund balancesStart of year $100,712$38,894
X-33 Total liabilities and net assetsStart of year $158,862$38,894
Part XI · Reconciliation of net assets $38,894 net assets at year end
XI-1 Total revenue$161,228
XI-2 Total expenses$223,046
XI-3 Revenue less expenses−$61,818
XI-4 Net assets at start of year$100,712
XI-10 Net assets at end of year$38,894

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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