Socorro Electric Foundation
The Socorro Electric Foundation is a private foundation based in Socorro, New Mexico, established in 1986. It operates as a company-sponsored foundation affiliated with Socorro Electric Cooperative, a utility cooperative serving the region with over 80 years of service history.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$465K
-10.1% YoY
Annual Giving
$67K
+5.3% YoY
Grant Count
41
-29.3% YoY
Avg Grant Size
$2K
+48.9% YoY
Mission & Focus Areas
The foundation awards college scholarships to high school valedictorians in areas served by Socorro Electric Cooperative. Beyond scholarship programs, the foundation supports youth development and community initiatives including:
- College scholarships for students in the service area
- Educational opportunities and youth tours
- Electrical safety training programs for schools and civic organizations
- Spelling bee sponsorships and awards
- Safety coloring contests for elementary schools
- Support for local schools' educational events
- Grants supporting county fairs, 4-H programs, and FFA initiatives
- Kids' Science Cafe learning opportunities
Grantmaking
The foundation accepts applications and is open to new applicants. Inquiries can be directed through their website at www.socorroelectric.com/youth or by phone at 575-835-0560.
Grant Range
$1,000–$4,000
Average Grant
$2,300
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Geographic Focus
Where this funder awards grants
The foundation primarily funds communities within the service area of Socorro Electric Cooperative in New Mexico and Oklahoma, including Socorro, Magdalena, and Quemado.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $517,597
- Total revenue: $146,763
- Total expenses: $81,778
- Expense ratio: 55.7% of total revenue
EIN: 23-7044964
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $465,400 | $517,597 | $430,706 |
| Revenue | $19,461 | $146,763 | $10,897 |
| Expenses | $82,435 | $81,778 | $69,996 |
| Qualifying Distributions | $81,636 | $81,111 | $69,216 |
| Net Investment Income | $17,736 | $12,527 | $10,297 |
| Distributable Amount | $25,170 | $23,460 | $22,918 |
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
207 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
- President: Leroy Anaya
- Vice President: Ron Burnett
- Trustees: Ward Mccartney and others
All leadership members serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEROY ANAYA | PRESIDENT | 1 | — |
| RON BURNETT | VICE PRESIDENT | 1 | — |
| EILEEN LATASA | SECRETARY/TREASURER | 1 | — |
| WARD MCCARTNEY | TRUSTEE | 1 | — |
| DAVE WADE | TRUSTEE | 1 | — |
| M KENNETH BOWDEN | TRUSTEE | 1 | — |
| STEPHEN ROSAS | TRUSTEE | 1 | — |
Contact Information
- Website: www.socorroelectric.com/youth
- Phone: 575-835-0560
- Address: PO Box H, Socorro, NM 87801-0278
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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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