Nonprofit · EIN 85-0065332
ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED
Tax-exempt · PORTALES, NM 88130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $19,136,703 | $19,143,598 | -$6,895 | $71,133,754 | $47,240,435 | $23,893,319 |
| December 31, 2023 | 990 | $19,623,353 | $19,583,647 | $39,706 | $69,501,029 | $47,162,453 | $22,338,576 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $18,943,073
- Investment income
- $183,201
- Net income from sales of inventory
- $3,069
- Other revenue
- $10,429
Expenses
- Grants and similar amounts paid
- $6,176
- Benefits paid to members
- $1,043,902
- Compensation of officers, directors and key employees
- $666,004
- Other salaries and wages
- $1,675,125
- Salaries, compensation and benefits (total)
- $2,935,223
- Professional fundraising fees
- $0
- Depreciation
- $2,234,650
Balance sheet and other
- Total assets, start of year
- $69,501,029
- Total assets, end of year
- $71,133,754
- Total liabilities, end of year
- $47,240,435
- Net assets, end of year
- $23,893,319
- Land, buildings and equipment
- $49,206,669
- Publicly traded securities
- $4,890,710
- Gross unrelated business income
- -$900
- Gross receipts
- $19,137,603
- Employees
- 51
- Volunteers
- 0
- Year formed
- 1940
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC SEGOVIA | GENERAL MANAGER Officer | 45 | $205,502 | $49,487 |
| JEREMY NEAL | ENGINEERING MANAGER Officer | 50 | $125,258 | $53,650 |
| PRESTON ELKINS | ACCTING & FINANCE MANAGER Officer | 45 | $126,359 | $31,194 |
| SAMUEL VILLANUEVA | JOURNEYMAN LINEMAN Highest-paid employee | 40 | $117,458 | $39,001 |
| MATTHEW NEECE | LINE FOREMAN Highest-paid employee | 44 | $118,065 | $36,356 |
| RICHARD SMITH | WAREHOUSE MANAGER Highest-paid employee | 43 | $107,008 | $32,637 |
| TRAVIS BANISTER | LINEMAN Highest-paid employee | 45 | $105,752 | $16,309 |
| JANET COLLINS | PRESIDENT Trustee or director, Officer | 2 | $11,049 | $0 |
| BILLY CATHEY | TRUSTEE Trustee or director | 2.5 | $11,049 | $0 |
| CHARLES BENNETT | VICE-PRESIDENT Trustee or director, Officer | 1.8 | $10,514 | $0 |
| LEON NALL | TRUSTEE Trustee or director | 1.6 | $10,514 | $0 |
| BRANDON DEWBRE | TRUSTEE Trustee or director | 1.9 | $10,463 | $0 |
| CHRIS DUNCAN | SECRETARY/TREASURER Trustee or director, Officer | 2.1 | $10,368 | $0 |
| KYNZI SHELLEY APRIL-DEC | TRUSTEE Trustee or director | 2 | $6,499 | $0 |
| GENE CREIGHTON JAN-MAR | TRUSTEE Trustee or director | 0.4 | $4,098 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIC SEGOVIA | EXECUTIVE VP/GENERAL MANAGER Officer | 45 | $142,500 | $39,810 |
| SAMUEL VILLANUEVA | LINE SUPERINTENDANT Highest-paid employee | 45 | $107,881 | $40,901 |
| JEREMY NEAL | ENGINEERING MANAGER Officer | 45 | $103,368 | $37,214 |
| PRESTON ELKINS | ACCTING & FINANCE MANAGER Officer | 50 | $99,841 | $32,662 |
| COLT BANISTER | JOURNEYMAN Highest-paid employee | 40 | $103,030 | $17,306 |
| MATT NEECE | LINE FOREMAN Highest-paid employee | 40 | $104,582 | $13,866 |
| GENE CREIGHTON | TRUSTEE Trustee or director | 4 | $13,456 | $0 |
| CHARLES BENNETT JR | VICE-PRESIDENT Trustee or director, Officer | 2 | $11,016 | $0 |
| LEON NALL | TRUSTEE Trustee or director | 2 | $10,413 | $0 |
| JANET COLLINS | PRESIDENT Trustee or director, Officer | 2 | $10,379 | $0 |
| BILLY CATHEY | TRUSTEE Trustee or director | 1 | $10,127 | $0 |
| GORDON C DUNCAN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $10,111 | $0 |
| BRANDON DEWBRE | TRUSTEE Trustee or director | 2 | $9,044 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 389, PORTALES, NM 88130-0389
- Principal officer (990 for 2024)
- ERIC SEGOVIA, BOX 389, PORTALES, NM 881300389
- Signed the 990
- ERIC SEGOVIA, EXECUTIVE VP/GENERAL MANAGER
- Phone
- (575) 356-4491
- Website
- WWW.RCEC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO PROVIDE SAFE, RELIABLE AND AFFORDABLE ELECTRICAL SERVICE TO THE MEMBERS WE SERVE.
Program accomplishments
- SALES OF ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 6,048 ACTIVE SERVICES AT YEAR END.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0065332
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1940
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $71,133,754
- Income (IRS master file)
- $19,137,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $19,136,703 | $19,143,598 | $71,133,754 | IRS |
| 990 | December 2023 | $19,623,353 | $19,583,647 | $69,501,029 | XML |
| 990 | December 2022 | $20,923,843 | $20,906,042 | $63,862,947 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0065332).
Questions about ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED
- What is the EIN of ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED?
- The employer identification number (EIN) of ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED is 85-0065332.
- Is ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
- Are donations to ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2024 names ERIC SEGOVIA.
- Who are the officers and directors of ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED?
- The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $205,502 (ERIC SEGOVIA, GENERAL MANAGER).
- How much revenue does ROOSEVELT COUNTY ELECTRIC COOPERATIVE INCORPORATED have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $19,136,703, expenses of $19,143,598 and total assets of $71,133,754 at year end.
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