LOBO ENERGY INCORPORATED Charity Report

Public IRS 990 nonprofit record

LOBO ENERGY INCORPORATED

EIN 85-0459211 · Energy Resources Conservation & Development (C35)

What they do

LOBO ENERGY, INC., is ORGANIZED to SUPPORT THE UNIVERSITY of NEW MEXICO for THE PURPOSES of GENERALLY PROVIDING CONTRACTUAL SERVICES, INCLUDING FINANCING, OPERATING, IMPROVING, and EXPANDING THE UNIVERSITYS UTILITIES SERVICES INFRASTRUCTURE, and for ALL OTHER PURPOSES PERMITTED UNDER THE UNIVERSITY RESEARCH PARK and ECONOMIC DEVELOPMENT ACT (CHAPTER 21, ARTICLE 28 NMSA 1978). THE PURPOSES STATED ARE LIMITED to THOSE PURPOSES THAT COME WITHIN THE MEANING of and COMPLY WITH SECTION 501(C)(3) of THE CODE or WITH CORRESPONDING PROVISIONS of ANY FUTURE UNITED STATES INTERNAL REVENUE CODE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $79.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

62.26%of revenue went to mission work79.6% of expenses · Program services

$78.27spent for every $100 of revenueRevenue covered expenses this year.

16.00%of revenue went to management and office costs20.4% of expenses

$5.06in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $232,658 for JASON STRAUSS (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,043,764

Mission workProgram services$1,272,52062.26% of revenue79.6% of expenses

ManagementOffice and general costs$327,04616.00% of revenue20.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$444,19821.73% of revenueShown in gray on the chart

Total expenses$1,599,56678.27% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 78.27% of revenue

2023Expense mix: 74.9% mission · 25.1% management · 0.0% fundraisingTotal expenses: 117.53% of revenue

2022Expense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 740.05% of revenue

2021Expense mix: 82.0% mission · 18.0% management · 0.0% fundraisingTotal expenses: 69.39% of revenue

2020Expense mix: 80.6% mission · 19.4% management · 0.0% fundraisingTotal expenses: 64.78% of revenue

2019Expense mix: 79.6% mission · 20.4% management · 0.0% fundraisingTotal expenses: 69.08% of revenue

2018Expense mix: 81.3% mission · 18.7% management · 0.0% fundraisingTotal expenses: 69.01% of revenue

2017Expense mix: 86.4% mission · 13.6% management · 0.0% fundraisingTotal expenses: 83.11% of revenue

Money in and money out

Revenue$2,043,764

Expenses$1,599,566

Annual surplus $444,198 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,272,520 · 79.6% of expenses

Management and office costs$327,046 · 20.4% of expenses

See all reported dollar amounts

Revenue$2,043,764

Expenses$1,599,566

Assets$8,099,772

Income$2,043,764

Mission work (program services)$1,272,520

Management and general$327,046

Executive compensation (total)$358,092

Accounting fees$40,004

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JASON STRAUSSPRESIDENT/CEO · 40 hrs/week $232,658Base $182,175 · Other $50,483

GARNETT STOKESDIRECTOR · 1 hrs/week $158,267Base · Other $158,267

MATTHEW CHERRINVICE PRESIDENT · 40 hrs/week $145,959Base $110,221 · Other $35,738

TERESA COSTANTINIDISDIRECTOR/BOARD CHAIR · 1 hrs/week $134,689Base · Other $134,689

MICHAEL CHICARELLIDIRECTOR · 1 hrs/week $120,392Base · Other $120,392

JULIE ALBERTICFO · 20 hrs/week $75,824Base $64,287 · Other $11,537

ROBERT GONZALEZDIRECTOR · 1 hrs/week $51,826Base · Other $51,826

ALFRED SENAVICE PRESIDENT (THRU 1/31/25) · 5 hrs/week $49,397Base · Other $49,397

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

JASON STRAUSSPRESIDENT/CEO

GARNETT STOKESDIRECTOR

MATTHEW CHERRINVICE PRESIDENT

TERESA COSTANTINIDISDIRECTOR/BOARD CHAIR

MICHAEL CHICARELLIDIRECTOR

JULIE ALBERTICFO

ROBERT GONZALEZDIRECTOR

ALFRED SENAVICE PRESIDENT (THRU 1/31/25)

BRUNO E CARRARADIRECTOR, VICE CHAIR

JACK FORTNERDIRECTOR

JON WORDDIRECTOR

THOMAS J RUIZDIRECTOR

About this charity

Recognized since: January 1999
Location: 800 BRADBURY DR SE 216, ALBUQUERQUE, NM 871064310
County: Bernalillo
In care of: JASON STRAUSS
Primary officer: JASON STRAUSS, PRESIDENT/CEO

How to reach them

WebsiteVisit the charity’s website Phone(505) 272-7118

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Energy Resources Conservation & Development (C35)
IRS tax category: Energy Resources Conservation & Development