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
Under IRS private-foundation payout rules, The Electric Company Charitable Foundation reported a distributable amount of $29K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include The Blackbaud Giving Fund ($359,788), United Way ($74,435), Texas Tech Foundation Inc ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Big Brothers-Big Sisters Of El Paso Inc El Paso, TX | Economic Development - Funds will support a dynamic mentoring initiative designed to support young adults in El Paso as they navigate educational and career pathways. Through both individual and group mentoring, participants receive personalized guidance and collective support to overcome barriers and achieve their full potential. | $5,000 |
| El Paso Chamber Of Commerce El Paso, TX | Economic Development -Offer a Coaching Program throughout the year for small business owners located in the El Paso Region that are Latino/Latina owned. | $15,000 |
| Liftfund Inc San Antonio, TX | Economic Development - El Paso Small Business Resiliency Program through a financial literacy program. | $10,000 |
| Pro-Action El Paso, TX | Economic Development - Train El Paso residents to become Emergency Medical Technicians. | $25,000 |
| Project Vida El Paso, TX | Economic Development - Program to create and retain jobs by providing outreach and technical assistance to low and moderate-income microenterprise owners and participants. | $10,000 |
| STTE Foundation El Paso, TX | Economic Development - Startosphere is an AI Accelerator that helps startups rapidly develop and scale using AI tools, mentorship, and resources. It aims to position the Borderland as a hub for innovation and invites El Paso Electric to partner, offering access to emerging technologies and economic growth opportunities. | $10,000 |
| Womens Economic Self-Sufficiency Team Corp Albuquerque, NM | Economic Development - provide comprehensive bilingual entrepreneurial development services through training, consulting and lending activities, concentrating on a deep dive approach that builds small businesses' capacity and strengthens economic impact in Dona Ana County, Hidalgo, Luna, Otero, and Sierra Counties. | $15,000 |
| Asombro Institute For Science Education Las Cruces, NM | Education - Desert Stories program uses interdisciplinary, place-based lessons to boost K-5 student engagement in science, reading, and math. With strong teacher support, it reaches 1,000 students annually in Doa Ana County. Asombro seeks funding to bring the program to 10 additional classes, reaching 200 more students. | $3,000 |
| Boys & Girls Clubs Of El Paso El Paso, TX | Education - BGCEP will provide STEAM Initiative, which engages youth ages 6-18 in hands-on learning across Science, Technology, Engineering, Arts, and Math. Through activities like 3D printing, coding, robotics, and virtual reality, the program builds critical thinking, creativity, and future-ready skills to inspire lifelong learning and success. | $5,000 |
| Dr Karen M Trujillo Memorial Foundation Las Cruces, NM | Education - Scholarship support focused on helping to training STEM teachers. | $25,000 |
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
Frequently Asked Questions
What does The Electric Company Charitable Foundation fund?
**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 d…
How do I apply for a grant from The Electric Company Charitable Foundation?
The foundation actively awards grants to nonprofits across its three priority areas. Based on recent grantmaking activity: • **Grant Range:** $2,000 to $196,000 • **Median Grant:** $10,000 • **Annual Giving:** Approximately $845,000 (2023) • **Number of Grants:** 49 grants awarded in 2023 **Application Status:** The foundation accepts applications. **Recent Grant Examples:** • El Paso Community College Foundation: $15,000 for a scholarship program focused on students nearing graduation who need…
Where does The Electric Company Charitable Foundation make 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.
What size grants does The Electric Company Charitable Foundation award?
In 2024, The Electric Company Charitable Foundation awarded 55 grants totaling $1.4M — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is The Electric Company Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Electric Company Charitable Foundation reported a distributable amount of $29K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Electric Company Charitable Foundation's EIN?
The Electric Company Charitable Foundation's EIN (Employer Identification Number) is 87-3208524. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Electric Company Charitable Foundation'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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