Springer Electric Coop Education Foundation
Springer Electric Coop Education Foundation is a private foundation based in Springer, New Mexico. Its 2025 filing lists education scholarship grants to individual recipients in New Mexico.
Key facts about Springer Electric Coop Education Foundation
In short: Springer Electric Coop Education Foundation gave $52K across 21 grants in 2025 (avg $2K), mostly in New Mexico. Source: 2025 IRS Form 990-PF.
- EIN
- 85-0366101
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $51,500
- Grants made (2025)
- 21
- Average grant
- $2,452
- Median grant
- $2,500
- Total assets
- $439,217
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- How to apply
- The foundation does not restrict giving to preselected organizations. Full details ↓
- Deadline
- January 23, 2025.
Data from IRS Form 990-PF, 2025; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$439K
-8.1% YoY
Annual Giving
$52K
+27.2% YoY
Grant Count
21
+23.5% YoY
Avg Grant Size
$2K
+2.9% YoY
Under IRS private-foundation payout rules, Springer Electric Coop Education Foundation reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
How Springer Electric Coop Education Foundation gives
- Giving grew 63% from 2022 to 2025. Method
- In 2025 it paid out 229% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Grantmaking
In filing year 2025, the foundation gave 21 grants totaling $51,500. Grants ranged from $1,500 to $2,500, with a median grant of $2,500. The 2025 filing lists $2,500 education scholarships for two individual recipients; two individual recipients; four individual recipients; an individual recipient; and three individual recipients.
Review Cycle
January 23, 2025. This was a past application cycle as of September 28, 2026.
How to Apply
The foundation does not restrict giving to preselected organizations. The filing says to contact the foundation and provide a scholarship application essay, ACT scores if applicable, a transcript, college name, and class schedule. Eligible recipients must be a member or dependent of a member, or a dependent of an employee of Springer Electric Cooperative Inc., and have a minimum GPA of 2.5.
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Geographic Focus
Where this funder awards grants
All grant dollars listed for filing year 2025 went to recipients in New Mexico.
Grant Distribution by State
Share of 2025 grant dollars across all 21 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $28K (2020) to $52K (2025). In 2025 it made 21 grants totaling $52K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
94 grants across all recorded years
The most common grant size was under $50K: 94 grants of 94 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 21 individual scholarships Recipients not named | — | $51,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $439,217 | $12,966 | $51,500 | $51,500 |
| 2024 | $477,751 | $75,565 | $40,500 | $40,500 |
| 2023 | $442,686 | $23,457 | $51,500 | $51,500 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $439,217 | $477,751 | $442,686 |
| Revenue | $12,966 | $75,565 | $23,457 |
| Expenses | $51,500 | $40,500 | $51,500 |
| Qualifying Distributions | $51,500 | $40,500 | $51,500 |
| Net Investment Income | $12,966 | $10,722 | $3,606 |
| Distributable Amount | $22,497 | $20,463 | $22,298 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Tim Morrow as President, Gary Shaw as Vice President, and Alfonso Maestas as Secretary Treasurer.
Springer Electric Coop Education Foundation is led by Tim Morrow, President since 2022 (on filings since 2020); none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Tim Morrow
President
Vice President → President, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Gary Shaw
Vice President
Secretary → Vice President, 2022
On filings since 2020
0.5 hrs/week
No compensation reported
Alfonso Maestas
Secretary Treasurer
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (1)
- Former: Don Schutz (2021) — President
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.
Contact
Application contact: Foundation
Mailing address: 400 Maxwell Ave, PO Box 698, Springer, NM 87747
Phone: (575) 483-2421
Frequently asked questions about Springer Electric Coop Education Foundation
How much does Springer Electric Coop Education Foundation give each year?
Springer Electric Coop Education Foundation gave $52K across 21 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $41K across 17 grants.
What is Springer Electric Coop Education Foundation's typical grant size?
Springer Electric Coop Education Foundation's median grant in 2025 was $2,500, and its average grant was $2,452, across 21 grants on its 2025 IRS Form 990-PF.
Where does Springer Electric Coop Education Foundation give grants?
Springer Electric Coop Education Foundation gives mostly in New Mexico: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Springer Electric Coop Education Foundation give general operating support?
Not in 2025: none of the 21 grants with a stated purpose on Springer Electric Coop Education Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education Scholarship" (21 grants).
How large is Springer Electric Coop Education Foundation?
Springer Electric Coop Education Foundation reported $439K in total assets on its 2025 IRS Form 990-PF. It paid out $52K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets).
How do I apply for a grant from Springer Electric Coop Education Foundation?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Springer Electric Coop Education Foundation's EIN?
Springer Electric Coop Education Foundation's EIN (Employer Identification Number) is 85-0366101. 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.
Here's the math on researching Springer Electric Coop Education Foundation by hand.
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