Penasco Valley Telephone Education Foundation
Penasco Valley Telephone Education Foundation is a private foundation based in Artesia, New Mexico. Its 2024 filing describes scholarship support for eligible students connected to Penasco Valley Telephone Cooperative.
Penasco Valley Telephone Education Foundation at a glance
- Revenue (2025)
- $3,862
- -58.8% vs 2024
- Net investment income (2025)
- $3,055
- -62.1% vs 2024
- Expenses (2025)
- $254
- -99.4% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Penasco Valley Telephone Education Foundation
- How to Apply
-
The 2024 filing lists an official transcript, résumé, two recommendation letters, a completed application form with required signatures, and an essay of approximately 300 words as required materials. It lists an April 1 deadline; that deadline is past and is not presented as a current application cycle.
- Contact
Application contact: Pvt Education Foundation
Mailing address: 4011 W Main St, 4011 W Main St, Artesia, NM 88210
Phone: (575) 748-1241
Email: phorner@pvt.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Penasco Valley Telephone Education Foundation funds
How this funder distributes its grants
Grant Size Distribution
152 grants across all recorded years
The most common grant size was under $50K: 152 grants of 152 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Penasco Valley Telephone Education Foundation gives
- Giving grew 25% from 2021 to 2024. Method
- In 2024 it paid out 230% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $29K (2020) to $40K (2024). In 2024 it made 36 grants totaling $40K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 36 individual scholarships Recipients not named | — | $40,000 |
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Financial History
Multi-year comparison from IRS filings
The 2025 filing reports no assets.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $3,862 | $254 | — | — | — | $3,055 | $5,543 |
| 2024 | $203,139 | $9,376 | $40,671 | $40,000 | 36 | $40,000 | $8,062 | $17,395 |
| 2023 | $380,534 | $7,717 | $36,027 | $36,000 | 35 | $36,000 | $7,047 | $19,083 |
| 2022 | $407,744 | $2,514 | $31,600 | $31,700 | 39 | $31,586 | $1,907 | $20,391 |
| 2021 | $436,830 | $1,511 | $32,081 | $32,000 | 42 | $32,081 | $973 | $22,049 |
| 2020 | $467,400 | $4,518 | $29,546 | $28,500 | 37 | — | $3,518 | $23,430 |
Under IRS private-foundation payout rules, Penasco Valley Telephone Education Foundation reported a distributable amount of $6K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The 2024 filing describes four-year scholarships for eligible high school seniors, current college students, and returning adult students. It also states that funds were transferred to the Community Foundation of Southern New Mexico, described in the filing as a nonprofit entity.
Grantmaking
The foundation reported 36 grants totaling $40,000 in 2024, an average of about $1,111 per grant. In 2023, it reported 35 grants totaling $36,000, an average of about $1,029 per grant. The 2025 filing reports no grants. No individual grantee amounts are available here.
The 2024 filing says scholarship applicants must be active members receiving service from Penasco Valley Telephone Cooperative Inc., or their immediate family members, with at least two months of active service and good standing. High school seniors, current college students, and returning adult students may apply. The filing describes awards of $800 per semester, with a maximum of $6,000 per student. For each consecutive semester, students must provide a school grade report certifying they carried at least 12 hours.
Leadership & Key People
Leadership team and compensation from IRS filings
Officers and directors listed on the 2025 filing are Dwight Menefee, President; Mark Kincaid, Vice-President; Carol Guiterrez, Secretary; Stetson Elkins, Treasurer; and directors Mike Casabonne, Roxann Sallee, Ronald Houghtaling, Frank Sisneros, and Mark Marley.
Penasco Valley Telephone Education Foundation is led by Dwight Menefee, President since 2021 (on filings since 2020); none of the 9 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dwight Menefee
President
Vice President → President, 2021
On filings since 2020
1 hr/week
No compensation reported
Frank Sisneros
Director
On filings since 2020
1 hr/week
No compensation reported
Mike Casabonne
Director
President → Director, 2021
On filings since 2020
1 hr/week
No compensation reported
Ronald Houghtaling
Director
On filings since 2020
1 hr/week
No compensation reported
Roxann Sallee
Director
Director → Directorf, 2022
Directorf → Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Mark Marley
Director
On filings since 2024
1 hr/week
No compensation reported
Mark Kincaid
Vice President
Treasurer → Vice President, 2021
On filings since 2020
1 hr/week
No compensation reported
Stetson Elkins
Treasurer
Director → Treasurer, 2021
On filings since 2020
1 hr/week
No compensation reported
Carol Guiterrez
Secretary
On filings since 2022
1 hr/week
No compensation reported
Former officers (2)
- Former: Jeremiah Johnson (2020–2023) — Director
- Former: Carol Gutierrez (2020–2021) — Secretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Penasco Valley Telephone Education Foundation
What does Penasco Valley Telephone Education Foundation fund?
The 2024 filing describes four-year scholarships for eligible high school seniors, current college students, and returning adult students. It also states that funds were transferred to the Community Foundation of Southern New Mexico, described in the filing as a nonprofit entity. See mission & focus areas ↑
How do I apply for a grant from Penasco Valley Telephone Education Foundation?
The 2024 filing lists an official transcript, résumé, two recommendation letters, a completed application form with required signatures, and an essay of approximately 300 words as required materials. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Penasco Valley Telephone Education Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Penasco Valley Telephone Education Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Penasco Valley Telephone Education Foundation's EIN?
Penasco Valley Telephone Education Foundation's EIN (Employer Identification Number) is 85-0422272. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS June 25, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 27, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 21, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS January 14, 2026)
- IRS filings on file for fiscal years 2020–2025
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