Otero County Electric Education
The Otero County Electric Education Foundation is an independent foundation established to provide educational support to members of Otero County Electric Cooperative, Inc. (OCEC) and their families. Based in Cloudcroft, New Mexico, the foundation administers scholarship programs designed to make higher education accessible to the cooperative's service area members.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+0.2% YoY
Annual Giving
$200K
+22.8% YoY
Grant Count
77
+0.0% YoY
Avg Grant Size
$3K
+22.8% YoY
Mission & Focus Areas
The foundation's primary purpose is to award scholarships to active members receiving service from Otero County Electric Cooperative, Inc., and their immediate families to attend recognized New Mexico institutions of higher education.
In 2021, the foundation expanded its focus to include workforce development by establishing a scholarship for students enrolling in the Electric Lineworker Pre-Apprenticeship program at Central New Mexico Community College (CNM) in Rio Rancho. This initiative supports training for the next generation of electrical linemen.
Grantmaking
The foundation has distributed a total of $2.07 million in scholarship funds since its inception through Fall 2025.
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation funds students in New Mexico, with a specific focus on members of Otero County Electric Cooperative's service area attending recognized New Mexico institutions of higher education.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Establishment: Founded in 1989
EIN: 85-0374112
Funding Sources: The foundation's scholarship funds are generated from unclaimed and donated patronage capital and an endowment provided by Edward and Margaret McArthur.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,598,667 | $1,595,789 | $1,514,727 |
| Revenue | $241,152 | $80,959 | $258,741 |
| Expenses | $243,103 | $174,781 | $181,901 |
| Qualifying Distributions | $202,437 | $165,401 | $155,432 |
| Net Investment Income | $65,516 | $62,423 | $94,468 |
| Distributable Amount | $73,467 | $71,234 | $78,881 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES MULCOCK | PRESIDENT | 1 | — |
| DENNY BURNETT | VICE PRESIDENT | 1 | — |
| SCOTT SHAFER | TREASURER | 1 | — |
| MARTY MILLS | SECRETARY | 1 | — |
| PRESTON STONE | TRUSTEE | 1 | — |
| BILL BIRD | TRUSTEE | 1 | — |
| DAVID POWERS | TRUSTEE | 1 | — |
| CHERI HASS | TRUSTEE | 1 | — |
| KENNY BLAZER | TRUSTEE | 1 | — |
| TIM RABON | TRUSTEE | 1 | — |
Contact Information
Address: PO Box 227, Cloudcroft, NM 88317-0227
Phone: 575-682-2521
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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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