2024-11-15T08:04:47-06:00 2023-12-31 750882037 BOLINGER SEGARS GILBERT AND MOSS LLP 8215 NASHVILLE AVENUE LUBBOCK TX 79423 990 2023-01-01 850155370 NEW MEXICO RURAL ELECTRIC COOPERATIVE ASSOCIATION INC NEWM 5059824671 614 DON GASPAR SANTA FE NM 87505 TIMOTHY MORROW PRESIDENT 5059824671 2024-11-13 1 0 ERIN DIPPREY P01419700 8067473806 2024-11-13 X 2023 2024-10-15 13:58:12Z TIMOTHY MORROW 614 DON GASPAR SANTA FE NM 87505 2318252 0 X WWW.NMELECTRIC.COOP X 1954 NM THE MISSION OF THE NEW MEXICO RURAL ELECTRIC COOPERATIVES (NMREC) IS TO ADVANCE PROTECT AND ADVOCATE MEMBER INTERESTS. 17 17 8 17 84968 0 26600 29500 1895664 2193213 110 135 91773 95404 2014147 2318252 6000 6000 0 0 973158 1037300 0 0 0 1228627 1297424 2207785 2340724 -193638 -22472 552094 572887 222558 265823 329536 307064 THE MISSION OF THE NEW MEXICO RURAL ELECTRIC COOPERATIVES (NMREC) IS TO ADVANCE PROTECT AND ADVOCATE MEMBER INTERESTS. 0 0 PROVIDING EDUCATION, PERSONAL TRAINING AND ADVOCACY FOR 15 NEW MEXICO ELECTRIC COOPERATIVES, 2 GENERATION AND TRANSMISSION COOPERATIVES, AND 3 RURAL ELECTRIC DISTRIBUTION COOPERATIVE ASSOCIATE MEMBERS. 0 1 1 1 0 0 0 0 0 1 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 8 1 1 1 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X DUANE FROST 5059824671 614 DON GASPAR SANTA FE NM 87505 TIMOTHY MORROW PRESIDENT 5.00 X X 0 0 0 CHARLES WAGNER VICE PRESIDENT 7.00 X X 0 0 0 DUANE FROST SECRETARY/TREASURER 5.00 X X 0 0 0 CHRIS MARTINEZ TRUSTEE 1.00 X 0 0 0 KEITH GOTTLIEB TRUSTEE 1.00 X 0 0 0 CHARLES T PINSON JR TRUSTEE 3.00 X 0 0 0 THOMAS RIVAS TRUSTEE 3.00 X 0 0 0 PRESTON STONE TRUSTEE 4.60 X 0 0 0 ANTONIO SANCHEZ TRUSTEE 3.00 X 0 0 0 GENE CREIGHTON TRUSTEE 1.00 X 0 0 0 GEORGE BIEL TRUSTEE 5.00 X 0 0 0 WAYNE CONNELL TRUSTEE 1.00 X 0 0 0 BOBBY FERRIS TRUSTEE 1.00 X 0 0 0 JUDITH HOLCOMB TRUSTEE 1.00 X 0 0 0 JAMES ORTIZ TRUSTEE 2.00 X 0 0 0 MANUEL BUSTOS TRUSTEE 1.00 X 0 0 0 JOE REESER TRUSTEE 8.00 X 0 0 0 CHARISE SWANSON CEO & GENERAL MANAGER 60.00 X 219876 0 36760 219876 0 36760 1 0 1 0 PIONEER PO BOX 1306 NORTH PLAINS OR 97133 PRODUCTION OF THE ENCHANTMENT MAGAZINE 475236 1 29500 29500 MEMBERSHIP DUES 900099 1842366 1842366 ADMINISTRATIVE FEE 561000 200000 200000 REGISTRATION FEES 611710 150847 150847 2193213 135 135 10436 0 10436 10436 10436 ADVERTISING 513120 84968 84968 84968 2318252 2193213 84968 10571 6000 256636 468596 264300 47768 51103 16767 34775 133812 78485 54117 133929 73 1358 33337 MAGAZINE PROD & POSTAGE 683088 EDUCATION & TRAINING 55775 MAGAZINE PRINTING EXP 9472 DUES & SUBSCRIPTIONS 5481 5852 2340724 197729 171989 71859 71791 21701 49202 547259 335308 213309 211951 30378 31555 17118 36399 552094 572887 185403 229454 37155 36369 222558 265823 X 329536 307064 329536 307064 552094 572887 -22472 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12500 12500 12500 1 GAIL ARMSTRONG PO BOX 326 MAGDALENA NM 87825 123456789 1000 AMBROSE CASTELLANO PO BOX 114 SERAFINA NM 87569 123456789 1000 MEREDITH ANNE DIXON PO BOX 27066 ALBUQUERQUE NM 87125 123456789 500 WILLIE MADRID 113 MCLAIN ROAD CHAPPARRAL NM 88081 123456789 1000 JOSEPH SANCHEZ PO BOX 481 ALCALDE NM 87511 123456789 1000 DAVID GALLEGOS PO BOX 998 EUNICE NM 88231 123456789 1000 JACK CHATFIELD PO BOX 226 MOSQUERO NM 87733 123456789 1000 CYNTHIA BORREGO PO BOX 66285 ALBUQUERQUE NM 87193 123456789 1000 HARRY GARCIA PO BOX 226 GRANTS NM 87020 123456789 1000 TARA JARAMILLO 407 PARK ST SOCORRO NM 87801 123456789 1000 PATTY LUNDSTROM 3406 BLUE HILL GALLUP NM 87301 123456789 1000 MARIAN MATTHEWS PO BOX 20083 ALBUQUERQUE NM 87154 123456789 1000 PAT WOODS 4000 CR M GRADY NM 88120 123456789 1000 1 0 0 PART I-A, LINE 1: CONTRIBUTIONS TO CANDIDATES RUNNING FOR LOCAL AND STATE OFFICES WHO SUPPORT ELECTRIC COOPERATIVES. SCHEDULE C-1, PART I-C, LINE 5 THE EMPLOYER IDENTIFICATION NUMBER REQUIRED TO BE REPORTED ON PART I-C, LINE 5 CANNOT BE OBTAINED BY THE FILING ORGANIZATION DUE TO NEW MEXICO STATE LAW. NEW MEXICO NMSA 1-19-34 DOES NOT REQUIRE CANDIDATES TO PROVIDE THEIR SSN OR EIN TO DONORS, OR WITH THEIR REPORTS TO THE SECRETARY OF STATE. AS SUCH MANY CANDIDATES DO NOT OBTAIN AN EIN AND USE THEIR SSN FOR THEIR CAMPAIGN BANK ACCOUNT. FOR IDENTITY THEFT PURPOSES THEY DO NOT PROVIDE THEIR SSN TO DONORS. WE HAVE PROVIDED THE NAME AND ADDRESS OF ALL CANDIDATES FOR WHICH DONATIONS HAVE BEEN MADE. 204676 5000 209676 291264 291264 0 46319 44044 2275 211951 PATRONAGE CAPITAL 31555 C 31555 DEPOSITS 30 RIGHT-OF-USE ASSET 36369 36399 X 2318252 0 2318252 0 2318252 2340724 0 2340724 0 2340724 PART X, LINE 2: THE ASSOCIATION ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE ASSOCIATION IS ITS FILING STATUS AS A TAX EXEMPT ENTITY. THE ASSOCIATION DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT ITS TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE, OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. 0 NEW MEXICO STATE UNIVERSITY COLLEGE OF ENGINEERING LAS CRUCES NM 880038001 856000401 501(C)(3) 6000 0 DONATION TO ELECTRIC UTILITY MANAGEMENT PROGRAM. 1 X 0 0 0 CHARISE SWANSON CEO & GENERAL MANAGER 219876 0 0 0 0 0 35684 0 1076 0 256636 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE, YEARS OF SERVICE AND THE CURRENT INTEREST RATE ENVIRONMENT. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BREAKDOWN OF DEFERRED COMPENSATION REPORTED ON PART II, COLUMN (C): CHARISE SWANSON: INCREASE IN DEFINED BENEFIT PLAN: $ 31,284 MATCHING CONTRIBUTION TO 401K 4,400 TOTAL REPORTED IN COLUMN C $ 35,684 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE EDUCATION, TRAINING AND INFORMATION TO THE MEMBERS. MEMBERSHIP SHALL BE LIMITED TO NONPROFIT ELECTRIC COOPERATIVES ENGAGED IN THE GENERATION, TRANSMISSION, DISTRIBUTION OR SALE OF ELECTRICITY. FORM 990, PART VI, SECTION A, LINE 7A THE NMRECA BOARD CONSISTS OF A DIRECTOR, OR IN CASE OF THEIR ABSENCE AN ALTERNATE DIRECTOR, FOR EACH ACTIVE MEMBER. DIRECTORS ARE NOMINATED BY THE GOVERNING BOARD OF EACH MEMBER AS ITS CANDIDATE FOR SUCH POSITIONS. DIRECTORS AND ALTERNATE DIRECTORS ARE ELECTED BY THE MEMBERS AT EACH ANNUAL MEETING TO SERVE UNTIL THE NEXT ANNUAL OR UNTIL REPLACED BY THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL AT THE MEETING FOLLOWING THE FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, OFFICERS AND THE BOARD OF DIRECTORS ARE REQUIRED TO REVIEW THE POLICIES OUTLINED IN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. OFFICERS AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MAY VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. BOARD MEMBERS ARE NOT COMPENSATED AND BOARD MEMBERS MUST SUSTAIN FROM VOTING ON ANY BUSINESS TRANSACTION THAT MAY ARISE BETWEEN A BOARD MEMBER'S PLACE OF BUSINESS AND THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY IN CONJUNCTION WITH PREPARATION OF THE ANNUAL BUDGET THE BOARD OF DIRECTORS CONDUCT A PERFORMANCE EVALUATION AND SALARY REVIEW REGARDING THE CEO'S COMPENSATION. THIS IS IN ACCORDANCE WITH THE WRITTEN PERFORMANCE GUIDELINES APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ORGANIZATION'S OFFICE IN SANTA FE, NM. FORM 990, PART XII, LINE 2C THE COOPERATIVE USES A COMMITTEE ASSIGNED BY THE BOARD TO OVERSEE THE FINANCIAL STATEMENT AUDIT AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.