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Nonprofiteer
← CDEC LL INC

Form 990 for tax year 2022

Filed by CDEC LL INC.

Totals

Total revenue
$104,951
Total expenses
$104,951
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$104,951
Other revenue
$0
Total assets, end of year
$10,495,050
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,495,050
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$104,951

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $104,951 · related or exempt $104,951

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $104,951

Balance sheet

Part X, book values.

  • 7 · Other notes and loans receivable

    beginning of year $10,495,050 · end of year $10,495,050

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $10,495,050 · end of year $10,495,050

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

NONE

Activities or mission (Part I)

HOLDING TITLE TO PROPERTY FOR SOLE BENEFIT OF A SECTION 501(C)(12) TAX-EXEMPT ELECTRIC CO-OP.

  • THE ORGANIZATION HOLDS TITLE TO PROPERTY, COLLECTS INCOME THEREFROM, AND TURNS OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO CONTINENETAL DIVIDE ELECTRIC COOPERATIVE, INC. (CDEC), A NEW MEXICO NONPROFIT CORPORATION DESCRIBED IN, AND EXEMPT FROM FEDERAL INCOME TAXES, UNDER CODE SECTION 501(C)(12). THE CORPORATION HOLDS TITLE TO PERSONAL AND INTANGIBLE PROPERTY ASSOCIATED WITH THE MISSION OF CDEC AND RECEIVES INTEREST INCOME FROM THE APPLICABLE HOLDINGS IN THE FORM OF A LOAN. ACCORDINLY, THE ORGANIZATION MADE CASH DISTRIBUTION OF $104,951 EQUAL TO CURRENT NET INTEREST EARNINGS.

    Expenses $104,951 · Revenue $104,951

As filed on the 2022 return.

Listed in Part VII

  • KEITH GOTTLIEB

    PRESIDENT

    Total calculated
    $23,775
    From this org
    $0
    From related orgs
    $23,775
    Other
    $0
    Hours/week
    0.5 + 6.5 related

  • GWYN HOSKINS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • GREG ALBERT

    SECRETARY

    Total calculated
    $110,845
    From this org
    $0
    From related orgs
    $108,457
    Other
    $2,388
    Hours/week
    0.5 + 40 related

  • WILLIAM DIXON

    DIRECTOR

    Total calculated
    $157,426
    From this org
    $0
    From related orgs
    $150,331
    Other
    $7,095
    Hours/week
    0.5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,331 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,095 related
    Filer's total
    $0 + $157,426 related

  • CLAUDIO ROMERO

    DIRECTOR

    Total calculated
    $7,780
    From this org
    $0
    From related orgs
    $7,780
    Other
    $0
    Hours/week
    0.5 + 2.8 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
20 October 2023
IRS schema version
2022v5.0
Source object
202322969349300322

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