The Electric Company Charitable Foundation
The Electric Company Charitable Foundation is a private foundation based in El Paso, Texas, established in 2022. The foundation is affiliated with El Paso Electric and operates as a 501(c)(3) organization. The foundation's work is grounded in the company's corporate citizenship commitment to strengthen communities through strategic philanthropic investments.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$72K
-57.6% YoY
Annual Giving
$1.4M
+26.0% YoY
Grant Count
55
-5.2% YoY
Avg Grant Size
$25K
+32.8% YoY
Mission & Focus Areas
Vision: The Electric Company Charitable Foundation is committed to making transformative investments in the communities it serves to help the region thrive and foster a culture of empowerment for future generations.
Mission: The foundation serves as a powerful partner in enhancing the vitality and growth in its region by supporting area nonprofit organizations classified as 501(c)(3) whose missions or projects align with one of three giving priorities:
- Education — Bolstering the development of innovative educational initiatives and STEM (Science, Technology, Engineering, Math) programs
- Economic Development — Supporting projects that empower the business landscape with job development, retention, and growth
- Environmental Stewardship — Focusing on works that reflect the conservation, improvement, and education of environmental sustainability
Grantmaking
The foundation actively awards grants to nonprofits across its three priority areas. Based on recent grantmaking activity:
Grant Range
** $2,000 to $196,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas and New Mexico, with some activity in South Carolina. The primary focus is on the El Paso region and surrounding areas served by El Paso Electric.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $169,319
- Total Revenues: $1,254,950
- Total Expenses: $1,198,131
- Total Giving: $845,000
- Number of Employees: 0
The foundation's giving rate exceeds 100% of assets, indicating it distributes more than its asset base annually, likely sustained through contributions from El Paso Electric and employee donations.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $71,863 | $169,319 | — |
| Revenue | $1,270,017 | $1,254,950 | — |
| Expenses | $1,401,436 | $1,198,131 | — |
| Qualifying Distributions | $1,367,473 | $1,085,631 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $28,788 | $28,229 | — |
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
100 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
The Board of Directors is composed of El Paso Electric employees from Texas and New Mexico who review applications and make final grant decisions:
- Robert Almanzán — President
- Michelle Pedroza
- Abel Bustillos
- Hillary Foster
- Sondra Santaella
- Derek Grimes
- Susi Barron
- Judith Parsons
- Huey Miles
- Jessica Christianson — Advisor
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Robert Almanzan | Chair / President | 1 | — |
| Abel Bustillos | Board Member | 1 | — |
| Derek Grimes | Board Member | 1 | — |
| Hillary Foster | Board Member | 1 | — |
| Jennifer Ortiz | Board Member | 1 | — |
| Michelle Pedroza | Board Member | 1 | — |
| Sondra Santaella | Board Member | 1 | — |
| Susi Barron | Board Member | 1 | — |
| Judith Parsons | Board Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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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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