Nonprofit · EIN 85-0094829
CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC
Tax-exempt · GRANTS, NM 87020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $71,202,638 | $72,452,144 | -$1,249,506 | $183,956,015 | $103,194,490 | $80,761,525 |
| December 31, 2023 | 990 | $69,570,042 | $68,268,909 | $1,301,133 | $178,320,530 | $100,544,498 | $77,776,032 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $69,627,405
- Investment income
- $986,278
- Net gain from sales of assets
- $456,119
- Other revenue
- $588,955
Expenses
- Grants and similar amounts paid
- $14,922
- Benefits paid to members
- $4,096,153
- Compensation of officers, directors and key employees
- $2,182,360
- Other salaries and wages
- $5,425,965
- Salaries, compensation and benefits (total)
- $8,788,166
- Professional fundraising fees
- $0
- Depreciation
- $6,240,798
Balance sheet and other
- Total assets, start of year
- $178,320,530
- Total assets, end of year
- $183,956,015
- Total liabilities, end of year
- $103,194,490
- Net assets, end of year
- $80,761,525
- Land, buildings and equipment
- $116,191,851
- Gross receipts
- $71,202,638
- Employees
- 104
- Volunteers
- 0
- Year formed
- 1945
- 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 |
|---|---|---|---|---|
| ROBERT CASTILLO | GENERAL MANAGER & CEO Officer | 70 | $469,193 | $641,390 |
| LEE MAESTAS | MANAGER OF ENGINEERING SERVICES Key employee | 45 | $163,182 | $96,127 |
| ANGELA EVANS | MANAGER OF OPERATIONS & SAFETY Key employee | 50 | $183,650 | $57,760 |
| VERONICA BARELA | CFO Officer | 50 | $173,300 | $54,680 |
| DONNA VENABLE | REGULATORY AND RATE MANAGER Key employee | 45 | $150,703 | $63,786 |
| ELMER RODARTE | LINE FOREMAN Highest-paid employee | 47 | $159,153 | $46,899 |
| THOMAS BURKE | JOURNEYMAN Highest-paid employee | 57 | $143,947 | $41,096 |
| DAVID MILLER | LINE SUPERINTENDENT Highest-paid employee | 40 | $142,870 | $22,539 |
| MARTY DURAN | LINE SUPERINTENDENT Highest-paid employee | 40 | $140,871 | $20,165 |
| RAUL SANCHEZ | LINE FOREMAN Highest-paid employee | 48 | $139,631 | $9,232 |
| KEITH GOTTLIEB | PRESIDENT Trustee or director, Officer | 9.2 | $25,890 | $0 |
| MICHAEL CHAMBERS | TRUSTEE Trustee or director | 6.8 | $18,986 | $0 |
| BLANCHE CLAWSON | TRUSTEE Trustee or director | 6.2 | $17,260 | $0 |
| JOE HOSKINS | SECRETARY/TREASURER Trustee or director, Officer | 5.4 | $15,103 | $0 |
| LLOYD ORTEGA | TRUSTEE Trustee or director | 5.2 | $14,671 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BENJAMIN CHAVEZ | TRUSTEE (MAY-DEC) Trustee or director | 6.9 | $12,945 |
| WES MALCOLM | TRUSTEE Trustee or director | 3.2 | $9,062 |
| CLAUDIO ROMERO | VICE PRESIDENT Trustee or director, Officer | 2.9 | $8,199 |
| ALFRED SAAVEDRA | TRUSTEE (JAN-JUNE) Trustee or director | 5.5 | $6,473 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT CASTILLO | GENERAL MANAGER & CEO Officer | 70 | $438,575 | $63,264 |
| ANGELA EVANS | OPERATIONS MANAGER Key employee | 50 | $175,209 | $49,542 |
| LEE MAESTAS | ENGINEERING MANAGER Highest-paid employee | 45 | $146,595 | $74,609 |
| VERONICA BARELA | CFO Officer | 50 | $160,876 | $42,784 |
| DONNA VENABLE | MANAGER OF RATES Highest-paid employee | 40 | $147,686 | $42,971 |
| THOMAS BURKE | JOURNEYMAN Highest-paid employee | 40 | $147,663 | $27,479 |
| ELMER RODARTE | LINE FOREMAN Highest-paid employee | 40 | $147,184 | $18,337 |
| DAVID MILLER | LINE SUPERINTENDENT Highest-paid employee | 55 | $143,768 | $6,740 |
| KEITH GOTTLIEB | PRESIDENT Trustee or director, Officer | 8.6 | $24,181 | $0 |
| MICHAEL CHAMBERS | TRUSTEE Trustee or director | 6.3 | $17,705 | $0 |
| WES MALCOLM | TRUSTEE Trustee or director | 6.2 | $17,272 | $0 |
| LLOYD ORTEGA | TRUSTEE Trustee or director | 5.5 | $15,546 | $0 |
| JOE HOSKINS | SECRETARY/TREASURER Trustee or director, Officer | 5.4 | $15,115 | $0 |
| BLANCHE CLAWSON | TRUSTEE Trustee or director | 5.4 | $15,112 | $0 |
| ALFRED SAAVEDRA | TRUSTEE Trustee or director | 3.7 | $10,363 | $0 |
| CLAUDIO ROMERO | VICE PRESIDENT Trustee or director, Officer | 2.2 | $6,046 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1087, GRANTS, NM 87020-1087
- In care of
- % PERAT
- Principal officer (990 for 2024)
- ROBERT CASTILLO, PO BOX 1087, GRANTS, NM 870201087
- Signed the 990
- ROBERT CASTILLO, CEO/GENERAL MANAGER
- Phone
- (505) 285-6656
- Website
- WWW.CDEC.COOP
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO PROVIDE SUPERIOR ENERGY AND TELECOMMUNICATION SERVICES THAT ENHANCE THE DAILY LIVES OF RURAL NEW MEXICANS.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 23,382 ACTIVE SERVICES AT YEAR END.
- A SEPARATE COST CENTER OF THE COOPERATIVE WAS CREATED TO PROVIDE BROADBAND INTERNET TO ITS MEMBERS THROUGH THE CONSTRUCTION OF A FIBER OPTIC NETWORK. BROADBAND INTERNET SERVICES WILL BE PROVIDED TO MEMBERS ON A PATRONAGE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO THE EXTENT NET MARGINS EXCEED CUMULATIVE LOSSES FOR SUCH COST CENTER. AT THE END OF 2024 THERE WERE 5,751 SUBSCRIBERS TO INTERNET SERVICES.
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
- 85-0094829
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $183,956,015
- Income (IRS master file)
- $71,202,638
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $71,202,638 | $72,452,144 | $183,956,015 | IRS |
| 990 | December 2023 | $69,570,042 | $68,268,909 | $178,320,530 | XML |
| 990 | December 2022 | $65,112,432 | $64,114,888 | $162,478,947 | 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 85-0094829).
Questions about CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC
- What is the EIN of CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC is 85-0094829.
- Is CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CONTINENTAL DIVIDE 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 CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC 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 CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC 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 CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names ROBERT CASTILLO.
- Who are the officers and directors of CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 19 received compensation from the organization, the highest $469,193 (ROBERT CASTILLO, GENERAL MANAGER & CEO).
- How much revenue does CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $71,202,638, expenses of $72,452,144 and total assets of $183,956,015 at year end.
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