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New Mexico Gas Company Inc Veba Tr For Retirees Not Subject To Collec

Veba Tr

Organization summary

Type of Nonprofit

Designated as a Voluntary employees' beneficiary associations, which provide payment of life, sickness, accident or other benefits to members.

Category: Mutual/Membership Benefit Organizations, Other / Voluntary Employees Beneficiary Associations (Non-Government) (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.69M (2024)

Expenses
$1.58M (2024)

Total Assets
$35.5M (2024)

Total Liabilities
$322k (2024)

Source: Form 990 tax filings from 2009 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,693,728
Expenses
$1,583,644
Net Income
$110,084
Net Assets
$35,132,358
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,500,000
88.6%
Investment Income $41,660
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $152,068
9.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $17,368
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $35,454,609
Total Liabilities $322,251
Net Assets $35,132,358
Compensation
Key Employees and Officers Compensation Related Other
Pnc Bank (Trustee) $17,968 $0 $0
Greg Blunden Chair (Cfo/Treasurer, Teco Energy) $0 $0 $0
David Nicholson Vp Legal (General Counsel, Teco Ener) $0 $0 $0
Jeff Chronister (Vp Finance, Tampa Electric) $0 $0 $0
Joann Wehle Vp Strategy (Mkting & Sales, Peoples Ga) $0 $0 $0
Denise Wilcox Vp Hr (& Corporate Security, Nm G) $0 $0 $0
Mariah Cacciatore Vp Human (Resources, Tampa Electric) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$205,100
Expenses
$997,283
Net Income
-$792,183
Net Assets
$34,315,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $34,995
17.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $170,105
82.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $16,645
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $35,261,608
Total Liabilities $946,044
Net Assets $34,315,564
Compensation
Key Employees and Officers Compensation Related Other
Pnc Bank (Trustee) $16,645 $0 $0
Greg Blunden Chair (Cfo/Treasurer, Teco Energy, Inc.) $0 $0 $0
David Nicholson Vp Legal (General Counsel, Teco Energy, Inc.) $0 $0 $0
Jeff Chronister (Vp Finance, Tampa Electric Company) $0 $0 $0
Joann Wehle Vp Strategy (Mkting & Sales, Peoples Gas System) $0 $0 $0
Denise Wilcox Vp Hr (& Corporate Security, Nm Gas Co.) $0 $0 $0
Mariah Cacciatore Vp Human (Resources, Tampa Electric Company) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$194,564
Expenses
$944,302
Net Income
-$749,738
Net Assets
$32,775,812
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $18,319
9.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $176,245
90.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,523
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $32,911,323
Total Liabilities $135,511
Net Assets $32,775,812
Compensation
Key Employees and Officers Compensation Related Other
Pnc Bank (Trustee) $20,523 $2,500 $0
Greg Blunden Chair (Cfo/Treasurer, Teco Energy, Inc.) $0 $0 $0
David Nicholson Vp Legal (General Counsel, Teco Energy, Inc.) $0 $0 $0
Jeff Chronister (Vp Finance, Tampa Electric Company) $0 $0 $0
Joann Wehle Vp Strategy (Mkting & Sales, Peoples Gas System) $0 $0 $0
Denise Wilcox Vp Hr (& Corporate Security, Nm Gas Co.) $0 $0 $0
Mariah Cacciatore Vp Human (Resources, Tampa Electric Company) $0 $0 $0

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Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,295,180
Expenses
$1,152,397
Net Income
$142,783
Net Assets
$39,241,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,200,000
92.7%
Investment Income $446
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $94,734
7.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $20,573
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $39,321,163
Total Liabilities $79,977
Net Assets $39,241,186
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee (Through October 2021)) $15,621 $805 $0
Pnc Bank (Trustee) $4,952 $248 $0
Greg Blunden Chair (Svp Cfo/Treasurer, Teco Energy, Inc.) $0 $0 $0
David Nicholson Vp Legal (General Counsel, Teco Energy, Inc.) $0 $0 $0
Jeff Chronister (Vp Finance, Tampa Electric Company) $0 $0 $0
Joann Wehle Vp Marketing (Sales, Peoples Gas System) $0 $0 $0
Denise Wilcox (Vp Human Resources, Nm Gas Company) $0 $0 $0
Mariah Cacciatore Vp Human (Resources, Tampa Electric Company) $0 $0 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$216,014
Expenses
$1,126,152
Net Income
-$910,138
Net Assets
$38,219,457
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $12,374
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $203,640
94.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $17,344
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,446,296
Total Liabilities $226,839
Net Assets $38,219,457
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee) $17,344 $947 $0
Greg Blunden Chair (Svp Cfo/Treasurer, Teco Energy, Inc.) $0 $0 $0
David Nicholson Vp Legal (General Counsel, Teco Energy, Inc.) $0 $0 $0
Jeff Chronister (Vp Finance, Tampa Electric Company) $0 $0 $0
Joann Wehle Vp Marketing (Sales, Peoples Gas System) $0 $0 $0
Denise Wilcox (Vp Human Resources, Nm Gas Company) $0 $0 $0
Mariah Cacciatore Vp Human (Resources, Tampa Electric Company) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,027,612
Expenses
$736,858
Net Income
$1,290,754
Net Assets
$31,243,956
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,804,639
89.0%
Investment Income $41,345
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $181,628
9.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $15,602
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $31,437,966
Total Liabilities $194,010
Net Assets $31,243,956
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee) $15,602 $960 $0
Greg Blunden Chair (Svp Cfo/Treasurer, Teco Energy Inc.) $0 $0 $0
David Nicholson Vp Legal (General Counsel, Teco Energy Inc.) $0 $0 $0
Jeff Chronister (Vp Finance, Tampa Electric Company) $0 $0 $0
Joann Wehle Vp Marketing (Sales, Peoples Gas System) $0 $0 $0
Denise Wilcox (Vp Human Resources, Nm Gas Co.) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,615,372
Expenses
$662,616
Net Income
$2,952,756
Net Assets
$29,953,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,609,278
99.8%
Investment Income $6,094
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $14,149
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $30,162,570
Total Liabilities $209,368
Net Assets $29,953,202
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee) $14,149 $1,161 $0
Greg Blunden (Emera Cfo) $0 $0 $0
Nancy Tower (President, Tampa Electric) $0 $0 $0
Tj Szelistowski (President, Pgs) $0 $0 $0
David Nicholson (Tec General Counsel) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,609,996
Expenses
$425,529
Net Income
$3,184,467
Net Assets
$29,218,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,609,278
100.0%
Investment Income $718
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $11,898
2.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,632,535
Total Liabilities $413,631
Net Assets $29,218,904
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee) $11,898 $1,109 $0
Greg Blunden (Teco Energy Cfo) $0 $0 $0
Sarah Macdonald (Tsi President) $0 $0 $0
David Nicholson (Tsi General Counsel) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,609,780
Expenses
$549,599
Net Income
$3,060,181
Net Assets
$23,057,807
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,609,278
100.0%
Investment Income $502
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $9,339
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $23,598,067
Total Liabilities $540,260
Net Assets $23,057,807
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee) $9,339 $1,302 $0
Greg Blunden (Teco Energy Cfo) $0 $0 $0
Sarah Macdonald (Tsi President) $0 $0 $0
Kim Caruso (Tsi Treasurer) $0 $0 $0
David Nicholson (Tsi General Counsel) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,609,551
Expenses
$52,302
Net Income
$3,557,249
Net Assets
$18,859,363
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,609,278
100.0%
Investment Income $273
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $8,496
16.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $18,903,168
Total Liabilities $43,805
Net Assets $18,859,363
Compensation
Key Employees and Officers Compensation Related Other
Bbva Compass (Trustee) $8,496 $1,714 $0
John B Ramil (Committee Chairperson) $0 $0 $0
Charles A Attal Iii (Committee Member) $0 $0 $0
Phil L Barringer Jr (Committee Member) $0 $0 $0
Sandy W Callahan (Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,628,670
Expenses
$7,932
Net Income
$3,620,738
Net Assets
$15,831,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,628,576
100.0%
Investment Income $94
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,932
100%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $15,956,133
Total Liabilities $124,876
Net Assets $15,831,257

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,609,531
Expenses
$151,316
Net Income
$3,458,215
Net Assets
$11,902,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,609,278
100.0%
Investment Income $253
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,096
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $12,046,948
Total Liabilities $144,173
Net Assets $11,902,775

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,610,570
Expenses
$54,775
Net Income
$3,555,795
Net Assets
$7,305,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,609,278
100.0%
Investment Income $1,292
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $7,647
14.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $7,329,348
Total Liabilities $24,305
Net Assets $7,305,043

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,812,376
Expenses
$84,618
Net Income
$1,727,758
Net Assets
$3,502,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,812,050
100.0%
Investment Income $326
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,282
2.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,563,546
Total Liabilities $61,443
Net Assets $3,502,103

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,774,724
Expenses
$379
Net Income
$1,774,345
Net Assets
$1,774,345
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,774,468
100.0%
Investment Income $256
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $379
100%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,774,345
Total Liabilities $0
Net Assets $1,774,345

Document Links

Fiscal Year Ending Dec.
2009

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$0
Expenses
$0
Net Income
$0
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0

Document Links

About This Data

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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