Nonprofit · EIN 85-0081882
KIT CARSON ELECTRIC COOPERATIVE INC
Tax-exempt · TAOS, NM 87571
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $58,185,291 | $58,283,772 | -$98,481 | $182,342,774 | $127,672,273 | $54,670,501 |
| December 31, 2024 | 990 | $61,665,017 | $62,505,878 | -$840,861 | $166,275,215 | $111,804,885 | $54,470,330 |
| December 31, 2023 | 990 | $59,264,641 | $59,082,328 | $182,313 | $162,006,076 | $113,507,645 | $48,498,431 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,780,038
- of which government grants
- $1,780,038
- Program service revenue
- $56,093,308
- Investment income
- $41,960
- Net rental income
- $114,480
- Net gain from sales of assets
- $4,801
- Other revenue
- $269,985
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $457,564
- Compensation of officers, directors and key employees
- $1,330,900
- Other salaries and wages
- $6,568,674
- Salaries, compensation and benefits (total)
- $9,331,735
- Professional fundraising fees
- $0
- Depreciation
- $5,942,381
Balance sheet and other
- Total assets, start of year
- $166,275,215
- Total assets, end of year
- $182,342,774
- Total liabilities, end of year
- $127,672,273
- Net assets, end of year
- $54,670,501
- Land, buildings and equipment
- $103,432,975
- Gross unrelated business income
- $300,169
- Gross receipts
- $58,185,291
- Employees
- 107
- Volunteers
- 0
- Year formed
- 1944
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUIS A REYES JR | CEO Officer | 66 | $473,206 | $65,607 |
| RICHARD MARTINEZ | COO Key employee | 57 | $208,589 | $62,006 |
| CARMELLA SUAZO | ASSISTANT MANAGER Highest-paid employee | 48 | $167,505 | $47,481 |
| CLETUS STOFLET | CFO FROM 04/2025 Officer | 50 | $157,516 | $36,327 |
| AUSTIN MARTINEZ | LEAD LINEMAN Highest-paid employee | 47 | $154,905 | $37,682 |
| JOSE LOVATO | INTERNET MANAGER Highest-paid employee | 50 | $135,294 | $39,950 |
| FIDEL LOPEZ | LEAD LINEMAN Highest-paid employee | 47 | $141,016 | $24,825 |
| CARLOS RIVERA | LEAD LINEMAN Highest-paid employee | 47 | $139,765 | $25,011 |
| JOHN SHAFTO | CFO UNTIL 05/2025 Officer | 50 | $96,926 | $22,329 |
| ROBERT ORTEGA SR | PRESIDENT Trustee or director, Officer | 7 | $30,150 | $0 |
| BRUCE JASSMAN | TREASURER Trustee or director, Officer | 7 | $26,800 | $0 |
| ARTHUR RODARTE | TRUSTEE Trustee or director | 3 | $25,500 | $0 |
| MANUEL MEDINA | SECRETARY Trustee or director, Officer | 5 | $22,672 | $0 |
| LUISA VALERIO MYLET | TRUSTEE Trustee or director | 3 | $21,300 | $0 |
| RUSS A COYLE | TRUSTEE Trustee or director | 3 | $20,400 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BERNIE TORRES | TRUSTEE Trustee or director | 3 | $20,100 |
| MARTIN DIMAS | TRUSTEE Trustee or director | 3 | $16,450 |
| SYLVIA VIGIL | TRUSTEE Trustee or director | 3 | $16,172 |
| DAVID TORRES | TRUSTEE Trustee or director | 3 | $7,050 |
| CHRISTOBAL DURAN | VICE PRESIDENT Trustee or director, Officer | 7 | $1,800 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUIS A REYES JR | CEO Officer | 66 | $448,019 | $58,030 |
| RICHARD MARTINEZ | COO Key employee | 57 | $210,129 | $53,185 |
| JOHN SHAFTO | CFO Officer | 47 | $196,861 | $44,612 |
| CARMELLA SUAZO | ASSISTANT MANAGER Highest-paid employee | 48 | $160,079 | $39,728 |
| AUSTIN MARTINEZ | LEAD LINEMAN Highest-paid employee | 49 | $144,918 | $34,565 |
| JOSE LOVATO | INTERNET MANAGER Highest-paid employee | 50 | $131,005 | $37,579 |
| MATTHEW SUAZO | LEAD LINEMAN Highest-paid employee | 47 | $120,303 | $36,127 |
| CARLOS RIVERA | LEAD LINEMAN Highest-paid employee | 47 | $125,661 | $18,041 |
| ROBERT ORTEGA SR | PRESIDENT Trustee or director, Officer | 7 | $29,450 | $0 |
| ARTHUR RODARTE | TRUSTEE Trustee or director | 3 | $26,600 | $0 |
| DAVID TORRES | TRUSTEE Trustee or director | 3 | $25,250 | $0 |
| RUSS A COYLE | TRUSTEE Trustee or director | 3 | $22,700 | $0 |
| LUISA VALERIO MYLET | TRUSTEE Trustee or director | 3 | $22,623 | $0 |
| BRUCE JASSMAN | TREASURER Trustee or director, Officer | 7 | $20,500 | $0 |
| MANUEL MEDINA | SECRETARY Trustee or director, Officer | 5 | $19,700 | $0 |
| BERNIE TORRES | TRUSTEE Trustee or director | 3 | $18,050 | $0 |
| SYLVIA VIGIL | TRUSTEE Trustee or director | 3 | $13,339 | $0 |
| MARTIN DIMAS | TRUSTEE Trustee or director | 3 | $11,800 | $0 |
| CHRISTOBAL DURAN | VICE PRESIDENT Trustee or director, Officer | 7 | $0 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LUIS A REYES JR | CEO Officer | 70 | $370,347 | $78,957 |
| RICHARD MARTINEZ | COO Key employee | 60 | $182,085 | $51,718 |
| JOHN SHAFTO | CFO Officer | 50 | $182,085 | $45,999 |
| CARMELLA SUAZO | ASSISTANT MANAGER Highest-paid employee | 50 | $150,882 | $71,881 |
| JOSE LOVATO | LEAD LINEMAN Highest-paid employee | 50 | $124,089 | $31,906 |
| MATTHEW SUAZO | LEAD LINEMAN Highest-paid employee | 49 | $115,020 | $38,642 |
| FIDEL LOPEZ | LEAD LINEMAN Highest-paid employee | 47 | $116,783 | $30,599 |
| CARLOS RIVERA | LEAD LINEMAN Highest-paid employee | 47 | $113,141 | $17,575 |
| BOBBY ORTEGA | PRESIDENT Trustee or director, Officer | 7 | $19,350 | $0 |
| ARTHUR RODARTE | TRUSTEE Trustee or director | 3 | $15,300 | $0 |
| DAVID TORRES | TRUSTEE Trustee or director | 3 | $14,850 | $0 |
| RUSS A COYLE | TRUSTEE Trustee or director | 3 | $12,000 | $0 |
| BRUCE JASSMAN | TREASURER Trustee or director, Officer | 7 | $10,350 | $0 |
| LUISA VALERIO MYLET | TRUSTEE Trustee or director | 3 | $9,900 | $0 |
| MANUEL MEDINA | SECRETARY Trustee or director, Officer | 5 | $9,750 | $0 |
| BERNIE TORRES | TRUSTEE Trustee or director | 3 | $8,100 | $0 |
| SYLVIA VIGIL | TRUSTEE Trustee or director | 3 | $7,722 | $0 |
| MARTIN DIMAS | TRUSTEE Trustee or director | 3 | $6,300 | $0 |
| CHRISTOBAL DURAN | VICE PRESIDENT Trustee or director, Officer | 7 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 578, TAOS, NM 87571-0578
- Principal officer (990 for 2025)
- LUIS A REYES JR, PO BOX 578, TAOS, NM 87571
- Signed the 990
- LUIS A REYES JR, CEO
- Phone
- (575) 758-2258
- Website
- WWW.KITCARSON.COM
- Return prepared by
- EIDE BAILLY ADVISORY LLC
Mission
TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 31,125 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
- PROVIDING INTERNET SERVICES TO OUR MEMBERS - 15,438 ACTIVE SERVICES AT YEAR END WERE PROVIDED INTERNET SERVICE ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.
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 | 990 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
- 85-0081882
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1946
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $182,342,774
- Income (IRS master file)
- $58,185,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $58,185,291 | $58,283,772 | $182,342,774 | XML |
| 990 | December 2024 | $61,665,017 | $62,505,878 | $166,275,215 | XML |
| 990 | December 2023 | $59,264,641 | $59,082,328 | $162,006,076 | XML |
| 990 | December 2022 | $57,387,729 | $56,958,123 | $154,898,345 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 85-0081882).
Questions about KIT CARSON ELECTRIC COOPERATIVE INC
- What is the EIN of KIT CARSON ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of KIT CARSON ELECTRIC COOPERATIVE INC is 85-0081882.
- Is KIT CARSON ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1946.
- Are donations to KIT CARSON ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KIT CARSON ELECTRIC COOPERATIVE INC 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 KIT CARSON ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KIT CARSON ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of KIT CARSON ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names LUIS A REYES JR.
- Who are the officers and directors of KIT CARSON ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 20 people; 20 received compensation from the organization, the highest $473,206 (LUIS A REYES JR, CEO).
- How much revenue does KIT CARSON ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $58,185,291, expenses of $58,283,772 and total assets of $182,342,774 at year end.
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