Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
990 • Fiscal year 2021 • EIN 20-0100129
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
47th percentile
Higher debt load relative to assets than 47% of similar nonprofits.
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
26th percentile
Higher net margin than 26% of similar nonprofits.
Top Officer Pay
65th percentile
Higher top officer pay than 65% of similar nonprofits.
Top officer pay equals 13.8% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Assets
Up$1,038,292
Up $19,855 (+1.9%) from 2020
Net Assets
Down$909,586
Down $9,123 (-1.0%) from 2020
Liabilities
Up$128,706
Up $28,978 (+29%) from 2020
Revenue
Down$989,699
Down $540,667 (-35%) from 2020
Expenses
Down$998,822
Down $342,337 (-26%) from 2020
Net Income
Down-$9,123
Down $198,330 (-105%) from 2020
Organization's primary mission is to recuit new businesses to new mexico.
Promote and better the common economic interest of the state of new mexico and its citizens through economic development marketing and business development programs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $808,802 | $823,795 | ▲ $14,993 |
| Accounts Receivable | $122,592 | $94,000 | ▼ $28,592 |
| Land, Buildings, and Equipment, Net | $11,222 | $47,949 | ▲ $36,727 |
| Prepaid Expenses and Deferred Charges | $4,300 | $1,027 | ▼ $3,273 |
| Total Assets | $1,018,437 | $1,038,292 | ▲ $19,855 |
| Other Assets Total | $71,521 | $71,521 | → $0 |
| Liabilities | |||
| Other Liabilities | $71,521 | $71,521 | → $0 |
| Accounts Payable and Accrued Expenses | $28,207 | $57,185 | ▲ $28,978 |
| Total Liabilities | $99,728 | $128,706 | ▲ $28,978 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $918,709 | $909,586 | ▼ $9,123 |
| Total Net Assets Fund Balance | $918,709 | $909,586 | ▼ $9,123 |
| Total Liabilities and Net Assets / Fund Balance | $1,018,437 | $1,038,292 | ▲ $19,855 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $47,949 | $42,237 | $90,186 |
| Other Assets Org | $71,521 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Melinda Allen | President | FT | $133,000 | $3,240 | $136,240 |
| Tim Nitti | President (f | - | $124,335 | - | $124,335 |
| Tim Nitti | President (former) | - | $124,335 | - | $124,335 |
| Name | Title |
|---|---|
| Pat Vincent-collawn | Board Chair |
| Alicia Keys | Board Member |
| Cassie Arias | Board Member |
| Davin Lopez | Board Member |
| Dawn Boulware | Board Member |
| John Heaton | Board Member |
| Julia Wise | Board Member |
| Missi Currier | Board Member |
| Pat Vanderpool | Board Member |
| Cari Lemon | Region 5-Director |
| Senator Clemente Sanchez | Region 1-CHA |
| Joe Digregorio | Region 1-pre |
| Debbie Johnson | Secretary |
| David Hale | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $547,796 |
| Salaries, Compensation, and Employee Benefits | $451,026 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $136,240 |
| Comp Disqual Persons | - | - | - | $124,335 |
| Fees for Services Other | - | - | - | $115,198 |
| Other Salaries and Wages | - | - | - | $113,128 |
| Occupancy | - | - | - | $41,682 |
| Other Employee Benefits | - | - | - | $41,367 |
| Payroll Taxes | - | - | - | $27,765 |
| Office Expenses | - | - | - | $9,040 |
| Pension Plan Contributions | - | - | - | $8,191 |
| Insurance | - | - | - | $7,238 |
| Travel | - | - | - | $5,649 |
| Depreciation Depletion | - | - | - | $2,541 |
| Other Expenses | - | - | - | $1,049 |
| Total Functional Expenses | $0 | $0 | $0 | $998,822 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,014,641 |
| Expenses per Audited Statements | $998,822 |
| Total Expenses per Form 990 | $998,822 |
| Expenses Not Reported on Form 990 | $15,819 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Others | $71,521 |
“The 990 is provided to the board before filing of the return.”
“Before business decisions are made, the board of directors determines whether or not there is a conflict of interest.”
“The president and ceo salaries are determined by the board of directors. All other employee salaries are determined by the president and ceo.”
“All public documents are available upon request.”
“Professional services 115,198 0 0”
“Nmedc is a not-for-profit corporation and has been recognized as tax-exempt pursuant to section 501(c)(6) of the internal revenue code. Management believes that there are no uncertain tax positions that would require recognition, measurement, or disclosure. Due to the statutes of limitations, nmedc is only subject to examination by tax authorities for years ended june 30, 2018 and thereafter.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 28207 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 57185 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 122592 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 94000 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | PROMOTE AND BETTER THE COMMON ECONOMIC INTEREST OF THE STATE OF NEW MEXICO AND ITS CITIZENS THROUGH ECONOMIC DEVELOPMENT MARKETING AND BUSINESS DEVELOPMENT PROGRAMS. |
| IRS990/AllOtherContributionsAmt | 0 | 85000 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DOREEN AVILA |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5052478500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1720 LOUSIANA BLVD NE 312 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ALBUQUERQUE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 87110 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 808802 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 823795 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 136240 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 124335 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 989000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 699 |
| IRS990/CYOtherExpensesAmt | 0 | 547796 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -9123 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 451026 |
| IRS990/CYTotalExpensesAmt | 0 | 998822 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 989699 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2541 |
| IRS990/Desc | 0 | PROMOTE AND BETTER THE COMMON ECONOMIC INTEREST OF THE STATE OF NEW MEXICO AND ITS CITIZENS. PROVIDES SERVICES TO RECRUIT BUSINESS TO NEW MEXICO THAT INCLUDE: SITE SELECTION ASSISTANCE, LABOR MARKET ANALYSIS, JOB TRAINING ASSISTANCE, CUSTOM RESEARCH, BUILDING INFORMATION, ACCESS TO REGULATORY AUTHORITIES, EMPLOYEE RECRUITMENT ASSISTANCE AND COORDINATION OF STATE AND LOCAL ECONOMIC PROFESSIONALS. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 7 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 115198 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/FormerOfcrDirectorTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 12 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 13 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 3240 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | MELINDA ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | TIM NITTI |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | PAT VINCENT-COLLAWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | DEBBIE JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DAVID HALE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ALICIA KEYS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | SENATOR CLEMENTE SANCHEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | JOE DIGREGORIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | DAWN BOULWARE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | JULIA WISE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | PAT VANDERPOOL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | CARI LEMON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | CASSIE ARIAS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | MISSI CURRIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | JOHN HEATON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 15 | DAVIN LOPEZ |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 133000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 124335 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 12 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 13 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 14 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 15 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | PRESIDENT (F |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | REGION 1-CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | REGION 1-PRE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | REGION 5-DIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | true |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 14 |
| IRS990/GovernmentGrantsAmt | 0 | 904000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 989699 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 14 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartIXInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 7238 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 699 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 699 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 42237 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 11222 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 47949 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 90186 |
| IRS990/LegalDomicileStateCd | 0 | NM |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | ORGANIZATION'S PRIMARY MISSION IS TO RECRUIT NEW BUSINESSES TO NEW MEXICO. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 918709 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 909586 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 918709 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 909586 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 41682 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 9040 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 71521 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 71521 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 41367 |
| IRS990/OtherExpensesGrp/Desc | 0 | TRADESHOWS & PROMOTIONAL |
| IRS990/OtherExpensesGrp/Desc | 1 | TELEPHONE |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | TRAINING |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 331022 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 28251 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 6126 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 1049 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 71521 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 71521 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 113128 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 27765 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 8191 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 4300 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1027 |
| IRS990/PrincipalOfficerNm | 0 | MELINDA ALLEN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1530000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 366 |
| IRS990/PYOtherExpensesAmt | 0 | 635388 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 189207 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 705771 |
| IRS990/PYTotalExpensesAmt | 0 | 1341159 |
| IRS990/PYTotalRevenueAmt | 0 | 1530366 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -9123 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 15819 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 15819 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 47949 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 42237 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 90186 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 15819 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 998822 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 71521 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | CASH HELD FOR OTHERS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 71521 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO OTHERS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 15819 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 989699 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | NMEDC IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION, MEASUREMENT, OR DISCLOSURE. DUE TO THE STATUTES OF LIMITATIONS, NMEDC IS ONLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR YEARS ENDED JUNE 30, 2018 AND THEREAFTER. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 47949 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 71521 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 998822 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 71521 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 989699 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1005518 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1014641 |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | TIM NITTI |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | PRESIDENT (FORMER) |
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| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE 990 IS PROVIDED TO THE BOARD BEFORE FILING OF THE RETURN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | BEFORE BUSINESS DECISIONS ARE MADE, THE BOARD OF DIRECTORS DETERMINES WHETHER OR NOT THERE IS A CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE PRESIDENT AND CEO SALARIES ARE DETERMINED BY THE BOARD OF DIRECTORS. ALL OTHER EMPLOYEE SALARIES ARE DETERMINED BY THE PRESIDENT AND CEO. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | PROFESSIONAL SERVICES 115,198 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART IX, LINE 11G |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1018437 |
| IRS990/TotalAssetsEOYAmt | 0 | 1038292 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1018437 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1038292 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 989000 |
| IRS990/TotalEmployeeCnt | 0 | 7 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 998822 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 99728 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 128706 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 99728 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 128706 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 918709 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 909586 |
| IRS990/TotalOtherCompensationAmt | 0 | 3240 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 257335 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 699 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 989699 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1018437 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1038292 |
| IRS990/TravelGrp/TotalAmt | 0 | 5649 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1720 LOUSIANA BLVD NE SUITE 312 |
| IRS990/USAddress/CityNm | 0 | ALBUQUERQUE |
| IRS990/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990/USAddress/ZIPCd | 0 | 87110 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 14 |
| IRS990/VotingMembersIndependentCnt | 0 | 14 |
| IRS990/WebsiteAddressTxt | 0 | NMPARTNERSHIP.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MELINDA ALLEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5052478500 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-05-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | NEW MEXICO ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORP |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NEWM |
| ReturnHeader/Filer/EIN | 0 | 200100129 |
| ReturnHeader/Filer/PhoneNum | 0 | 5052478500 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1720 LOUISIANA BLVD NE SUITE 312 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | ALBUQUERQUE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 87110 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 850232815 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HINKLE LANDERS PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2500 9TH ST NW |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALBUQUERQUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 871021055 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5058838788 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-05-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEREMY T RICHTER |
| ReturnHeader/ReturnTs | 0 | 2022-05-16T12:05:27-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MELINDA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | ALLEN |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-06-30 |
| ReturnHeader/TaxYr | 0 | 2020 |
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Displayed year
2021 • Form 990Detailed filing. Detailed filing data is available for this year.