Socorro Electric Foundation
Socorro Electric Foundation is a private foundation based in Socorro, New Mexico. It supports college scholarships for students in the Socorro Electric Cooperative service area and educational and community activities, including school events and local fairs, 4-H, and FFA programs.
Socorro Electric Foundation at a glance
In short: Socorro Electric Foundation gave $72K across 42 grants in 2025 (avg $2K), mostly in New Mexico. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $71,500
- +6.1% vs 2024
- Grants made (2025)
- 42
- +2.4% vs 2024
- Average grant
- $1,702
- +3.6% vs 2024
- Median grant
- $2,000
- Total assets
- $408,116
- -12.3% vs 2024
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Socorro Electric Foundation
- How to Apply
-
The scholarship application materials describe submitting the application and essay, transcript, test scores, and qualifying SEC member number to the cooperative. The application is reviewed by the SEC Foundation Scholarship Committee.
- Review Cycle
- The filing states that applications are due by the first Monday in April each year. The 2026 deadline has passed.
- Deadline
- The filing states that applications are due by the first Monday in April each year.
- Contact
Application contact: Socorro Electric Cooperative
Mailing address: PO Box H, Socorro, NM 87801-0278
Phone: (575) 835-0560
Website: https://socorroelectric.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Socorro Electric Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Catron County Fair Association ($4K). Together the top 4 received $10K.
Organizations only. It also paid 38 individual scholarships ($62,000), which are not listed by name.
Grant Size Distribution
225 grants across all recorded years
The most common grant size was under $50K: 225 grants of 225 (100%).
Geographic Focus
Where this funder awards grants
All reported 2025 grant dollars went to recipients in New Mexico. The foundation’s 2024 filing describes its scholarship activity as serving students in the Socorro Electric Cooperative service area.
Grant Distribution by State
Share of 2025 grant dollars across all 42 itemized grants.
States
Cities
How Socorro Electric Foundation gives
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 415% 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 2019 to 2025, annual grant giving ranged from $32K (2019) to $73K (2021). In 2025 it made 42 grants totaling $72K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catron County Fair Association Reserve, NM | To Provide Funds for the Fair Association | $3,500 |
| Socorro Junior Livestock Sale Socorro, NM | To support the Annual county fair and local 4h and ffa programs | $3,500 |
| 38 individual scholarships Recipients not named | — | $62,000 |
| Valencia Fair Management CO Inc Belen, NM | To support the management of county fairs and livestock shows. | $2,000 |
| Kids Science Cafe Magdalena, NM | To support the kid's science cafe in learning opportunities. | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $408,116 | $28,613 | $91,191 | $71,500 | 42 | $90,294 | $26,863 | $21,779 |
| 2024 | $465,400 | $19,461 | $82,435 | $67,375 | 41 | $81,636 | $17,736 | $25,170 |
| 2023 | $517,597 | $146,763 | $81,778 | $64,000 | 58 | $81,111 | $12,527 | $23,460 |
| 2022 | $430,706 | $10,897 | $69,996 | $65,750 | 43 | $69,216 | $10,297 | $22,918 |
| 2021 | $536,958 | $13,571 | $79,263 | $73,000 | 41 | $78,507 | $12,971 | $27,535 |
| 2020 | $597,048 | $260,473 | $55,572 | $53,000 | 32 | — | $11,212 | $21,939 |
| 2019 | $385,171 | $537 | $44,237 | $32,000 | 22 | — | — | $20,143 |
Under IRS private-foundation payout rules, Socorro Electric Foundation reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated activities include college scholarships for students in the cooperative’s service area; support for local schools’ spelling bees, coloring contests, and Kids’ Science Cafe; and grants for the annual county fair and local 4-H and FFA programs. Socorro Electric Cooperative’s website also describes educational programs and safety activities for young people and schools.
Among its 2025 grantees, Catron County Fair Association received funds “to provide funds for the Fair Association,” and Socorro Junior Livestock Sale received support for the annual county fair and local 4-H and FFA programs. Valencia Fair Management Co Inc, which received $2,000, describes its mission as producing the Valencia County, New Mexico, county fair.
Grantmaking
In 2025, the foundation reported 42 grants totaling $71,500. Grant amounts ranged from $500 to $3,500, with a median of $2,000. Its largest reported grants included $3,500 to Catron County Fair Association and $3,500 to Socorro Junior Livestock Sale. It also reported scholarship grants to individual recipients, including two of $3,000 and multiple awards of $2,000.
For scholarships, the foundation’s 2024 filing describes an application requiring academic and activity information, a 250-word essay, an official transcript, SAT/ACT scores, and a qualifying SEC member number. The 2024 scholarship application says applicants must be graduating high school seniors, have a parent or guardian who meets cooperative membership, residential-account, and good-standing requirements, and plan to attend an accredited higher-education institution. It describes awards of up to $1,000 per semester, renewable for up to eight semesters, subject to academic and enrollment requirements. The 2024 filing additionally states a minimum GPA equivalent to 2.50 on a 4.00 scale.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Leroy Anaya as president, Stephen Rosas as vice president, and Eileen Latasa as secretary/treasurer. It lists David Dickey, Dave Wade, Robert Alonzo, and Jayson Moore as trustees.
Socorro Electric Foundation is led by Leroy Anaya, President since 2023 (on filings since 2019); none of the 7 officers listed in 2025 report compensation.
Officers on the 2025 filing
Leroy Anaya
President
Trustee → President, 2023
On filings since 2019
1 hr/week
No compensation reported
Dave Wade
Trustee
On filings since 2022
1 hr/week
No compensation reported
David Dickey
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Jayson Moore
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Robert Alonzo
Trustee
New on the 2025 filing
1 hr/week
No compensation reported
Stephen Rosas
Vice President
Trustee → Vice President, 2025
On filings since 2023
1 hr/week
No compensation reported
Eileen Latasa
Secretary & Treasurer
On filings since 2024
1 hr/week
No compensation reported
Former officers (11)
- Former: Ron Burnett (2022–2024) — Vice President
- Former: Ward McCartney (2022–2024) — Trustee
- Former: M. Kenneth Bowden (2023–2024) — Trustee
- Former: James Nelson (2019–2023) — Trustee
- Former: Luis Aguilar (2019–2023) — Trustee
- Former: Donald Wolberg (2022–2023) — Trustee
- Former: Judith Holcomb (2023) — Trustee
- Former: Anne L. Dorough (2019–2022) — Past President
- Former: Michael Hawkes (2019–2022) — Trustee
- Former: Paul Bustamante (2019–2022) — Trustee
- Former: Don Wolberg (2019–2021) — Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Socorro Electric Foundation
How much does Socorro Electric Foundation give each year?
Socorro Electric Foundation gave $72K across 42 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $67K across 41 grants.
What is Socorro Electric Foundation's typical grant size?
Socorro Electric Foundation's median grant in 2025 was $2,000, and its average grant was $1,702, across 42 grants on its 2025 IRS Form 990-PF.
Where does Socorro Electric Foundation give grants?
Socorro Electric Foundation gives mostly in New Mexico: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Socorro Electric Foundation give general operating support?
Not in 2025: none of the 42 grants with a stated purpose on Socorro Electric Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (38 grants).
Who are Socorro Electric Foundation's largest grantees?
Socorro Electric Foundation's largest 2025 grantees include Catron County Fair Association ($3,500), Socorro Junior Livestock Sale ($3,500) and Valencia Fair Management CO Inc ($2,000), according to its 2025 IRS Form 990-PF. It also paid 38 individual scholarships ($62,000), which are not listed by name. Together they received 13% of its itemized 2025 grant dollars.
How large is Socorro Electric Foundation?
Socorro Electric Foundation reported $408K in total assets on its 2025 IRS Form 990-PF. It paid out $90K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
What does Socorro Electric Foundation fund?
The foundation’s stated activities include college scholarships for students in the cooperative’s service area; support for local schools’ spelling bees, coloring contests, and Kids’ Science Cafe; and grants for the annual county fair and local 4-H and FFA programs. See mission & focus areas ↑
How do I apply for a grant from Socorro Electric Foundation?
The scholarship application materials describe submitting the application and essay, transcript, test scores, and qualifying SEC member number to the cooperative. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Socorro Electric Foundation's EIN?
Socorro Electric Foundation's EIN (Employer Identification Number) is 23-7044964. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS February 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 24, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 17, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 22, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 19, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in Socorro Electric Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Socorro Electric Foundation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/socorro-electric-foundation-morg_7f1fd476755f46acaf8639de39ebf461
BibTeX
@misc{grantable_237044964_2026,
author = {{Grantable}},
title = {{Socorro Electric Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/socorro-electric-foundation-morg_7f1fd476755f46acaf8639de39ebf461},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Socorro Electric Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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