Lea County Electric Education Foundation
The Lea County Electric Education Foundation is a private foundation established in 1986 and based in Lovington, New Mexico. It is a company-sponsored foundation affiliated with Lea County Electric Cooperative, Inc. The foundation awards college scholarships to active members and children of active members of the cooperative who are pursuing higher education.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.7M
+33.5% YoY
Annual Giving
$378K
+51.6% YoY
Grant Count
53
+60.6% YoY
Avg Grant Size
$7K
-5.6% YoY
Mission & Focus Areas
The foundation's mission is to assist individuals who desire to further their education and acquire the knowledge and skills necessary to participate in the future employment marketplace. The foundation's primary focus is providing college scholarships to members of Lea County Electric Cooperative, Inc. and their immediate families.
Grantmaking
The foundation awards one-time scholarships of $8,000 to eligible recipients. Based on recent financial data, the foundation made 67 grants in 2023, with typical award ranges between $375 and $8,375.
Grant Range
& Type:**
Review Cycle
. All applications must be signed and include all required attachments in the requested format.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation funds students attending institutions of higher education in New Mexico and Texas. Scholarships are available to members and dependents residing within counties served by Lea County Electric Cooperative.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023):
- Total Assets: $2,735,575
- Total Revenues: $934,872
- Total Expenses: $272,735
- Total Grants, Contributions, etc.: $831,736
- Investment Income and Dividends: $39,619
- Net Gain from Sale of Non-Inventory Assets: $63,517
Financial Growth: Total revenues increased 119.9% from 2022 to 2023, with grants and contributions increasing 135.4% year-over-year.
Organization Details:
- EIN: 85-0351147
- IRS 501(c)(3) Status: Private Foundation
- Number of Employees: 0
- Contact: 575-396-3631
- Website: LCECNET.COM/SCHOLARSHIP-PROGRAM
- Mailing Address: PO Box 1447, Lovington, NM 88260-1447
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,651,887 | $2,735,575 | $1,908,025 |
| Revenue | $1,129,283 | $934,872 | $425,152 |
| Expenses | $415,296 | $272,735 | $173,470 |
| Qualifying Distributions | $383,128 | $250,241 | $165,716 |
| Net Investment Income | $86,471 | $80,990 | $52,406 |
| Distributable Amount | $108,673 | $92,612 | $96,194 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
214 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- John Graham — President
- Robert Caudle — Vice-President
- Dan Hardin — Secretary-Treasurer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN GRAHAM | PRESIDENT | 1 | — |
| ROBERT CAUDLE | VICE-PRESIDENT | 1 | — |
| DAN HARDIN | SECRETARY - TREASURER | 1 | — |
| KENNY WALLACE | TRUSTEE | 1 | — |
| TRAVIS GLENN | TRUSTEE | 1 | — |
| RANDALL MCCORMICK | TRUSTEE | 1 | — |
| C J KINSOLVING | TRUSTEE | 1 | — |
| CHARLES GARNER | TRUSTEE | 1 | — |
| JASON SWANN | TRUSTEE | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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