Roosevelt County Electric Education
Roosevelt County Electric Education Foundation is a company-sponsored foundation based in Portales, New Mexico. The foundation was established in 1988 and operates as part of Roosevelt County Electric Cooperative, a rural electric utility serving southeastern New Mexico.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+12.3% YoY
Annual Giving
$162K
+19.4% YoY
Grant Count
68
+3.0% YoY
Avg Grant Size
$2K
+15.9% YoY
Under IRS private-foundation payout rules, Roosevelt County Electric Education reported a distributable amount of $105K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation awards scholarships to dependents of members of Roosevelt County Electric Cooperative. This educational support represents the cooperative's commitment to investing in the next generation within its service community.
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Geographic Focus
Where this funder awards grants
The foundation serves Roosevelt County, New Mexico, a rural county in southeastern New Mexico encompassing 2,455 square miles in the Llano Estacado region. Portales is the county seat and largest municipality. The foundation's scholarship program is available to dependents of Roosevelt County Electric Cooperative members.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,265,964 | $2,017,454 | $1,553,300 |
| Revenue | $171,601 | $368,217 | $98,762 |
| Expenses | $172,155 | $139,346 | $138,057 |
| Qualifying Distributions | $169,200 | $138,721 | $135,286 |
| Net Investment Income | $146,611 | $100,623 | $91,422 |
| Distributable Amount | $104,959 | $86,641 | $85,946 |
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
230 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ali May Terry ($4,250), Catelyn Breshears ($4,250), Jaeden Hays ($4,250).
| Recipient | Purpose | Amount |
|---|---|---|
| ABIGAIL R CAMERON PORTALES, NM | SCHOLARSHIP | $1,000 |
| ALI MAY TERRY PORTALES, NM | SCHOLARSHIP | $4,250 |
| ALLIE LUSCOMBE PORTALES, NM | SCHOLARSHIP | $2,750 |
| ALYSSA MCALISTER DORA, NM | SCHOLARSHIP | $1,000 |
| ANDREW ESSARY FLOYD, NM | SCHOLARSHIP | $2,500 |
| ANGELINA C MAESTAS PORTALES, NM | SCHOLARSHIP | $1,000 |
| AVERY PIPKIN FARWELL, TX | SCHOLARSHIP | $2,750 |
| BOWDY NEECE PORTALES, NM | SCHOLARSHIP | $3,250 |
| BRENDAN CASEY PORTALES, NM | SCHOLARSHIP | $2,750 |
| BRILEY C NEECE PORTALES, NM | SCHOLARSHIP | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Eric Segovia serves as Executive Vice President and General Manager of Roosevelt County Electric Cooperative, the parent organization of the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JANET COLLINS | PRESIDENT | 1 | — |
| CHARLES BENNETT JR | VICE PRESIDENT | 1 | — |
| CHRIS DUNCAN | SECRETARY/TREASURER | 1 | — |
| LEON NALL | TRUSTEE | 1 | — |
| BRANDON DEWBRE | TRUSTEE | 1 | — |
| BILLY CATHEY | TRUSTEE | 1 | — |
| KYNZI SHELLEY | TRUSTEE | 1 | — |
Contact Information
- Website: www.rcec.coop/scholarship-prog
- Phone: 575-356-4491
- Address: PO Box 389, Portales, NM 88130-0389
- EIN: 85-0350615
Frequently Asked Questions
What does Roosevelt County Electric Education fund?
The foundation awards scholarships to dependents of members of Roosevelt County Electric Cooperative. This educational support represents the cooperative's commitment to investing in the next generation within its service community.
Where does Roosevelt County Electric Education make grants?
The foundation serves Roosevelt County, New Mexico, a rural county in southeastern New Mexico encompassing 2,455 square miles in the Llano Estacado region. Portales is the county seat and largest municipality. The foundation's scholarship program is available to dependents of Roosevelt County Electric Cooperative members.
What size grants does Roosevelt County Electric Education award?
In 2024, Roosevelt County Electric Education awarded 68 grants totaling $162K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Roosevelt County Electric Education required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Roosevelt County Electric Education reported a distributable amount of $105K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Roosevelt County Electric Education's EIN?
Roosevelt County Electric Education's EIN (Employer Identification Number) is 85-0350615. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Roosevelt County Electric Education's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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