Liabilities / Assets
49th percentile
Higher debt load relative to assets than 49% of similar nonprofits.
990 • Fiscal year 2022 • EIN 20-0100129
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
49th percentile
Higher debt load relative to assets than 49% of similar nonprofits.
Liabilities / Revenue
42nd percentile
Higher debt load relative to revenue than 42% of similar nonprofits.
Net Margin
23rd percentile
Higher net margin than 23% of similar nonprofits.
Top Officer Pay
62nd percentile
Higher top officer pay than 62% of similar nonprofits.
Top officer pay equals 12.2% of source-year revenue.
Asset Growth
19th percentile
Faster asset growth than 19% of similar nonprofits.
Revenue Growth
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Assets
Down$949,430
Down $88,862 (-8.6%) from 2021
Net Assets
Down$838,050
Down $71,536 (-7.9%) from 2021
Liabilities
Down$111,380
Down $17,326 (-13%) from 2021
Revenue
Up$1,108,730
Up $119,031 (+12%) from 2021
Expenses
Up$1,180,266
Up $181,444 (+18%) from 2021
Net Income
Down-$71,536
Down $62,413 (-684%) from 2021
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 | $823,795 | $726,830 | ▼ $96,965 |
| Accounts Receivable | $94,000 | $118,331 | ▲ $24,331 |
| Land, Buildings, and Equipment, Net | $47,949 | $92,372 | ▲ $44,423 |
| Prepaid Expenses and Deferred Charges | $1,027 | $1,027 | → $0 |
| Total Assets | $1,038,292 | $949,430 | ▼ $88,862 |
| Other Assets Total | $71,521 | $10,870 | ▼ $60,651 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $57,185 | $61,865 | ▲ $4,680 |
| Other Liabilities | $71,521 | $49,515 | ▼ $22,006 |
| Total Liabilities | $128,706 | $111,380 | ▼ $17,326 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $909,586 | $838,050 | ▼ $71,536 |
| Total Net Assets Fund Balance | $909,586 | $838,050 | ▼ $71,536 |
| Total Liabilities and Net Assets / Fund Balance | $1,038,292 | $949,430 | ▼ $88,862 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $92,372 | $82,494 | $174,866 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Melinda Allen | President | FT | $130,394 | $4,966 | $135,360 |
| Name | Title |
|---|---|
| Pat Vincent-collawn | Board Chair |
| Alicia Keys | 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 |
| Clemente Sanchez | Region 1-CHA |
| Joe Digregorio | Region 1-pre |
| Debbie Johnson | Secretary |
| Cassie Arias-ward | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $668,305 |
| Salaries, Compensation, and Employee Benefits | $511,961 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $268,687 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $135,360 |
| Fees for Services Other | - | - | - | $113,470 |
| Other Employee Benefits | - | - | - | $69,032 |
| Depreciation Depletion | - | - | - | $40,257 |
| Payroll Taxes | - | - | - | $30,973 |
| Office Expenses | - | - | - | $12,107 |
| Travel | - | - | - | $9,472 |
| Pension Plan Contributions | - | - | - | $7,909 |
| Insurance | - | - | - | $4,530 |
| Other Expenses | - | - | - | $2,974 |
| Occupancy | - | - | - | $226 |
| Total Functional Expenses | $0 | $0 | $0 | $1,180,266 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,196,652 |
| Expenses per Audited Statements | $1,180,266 |
| Total Expenses per Form 990 | $1,180,266 |
| Expenses Not Reported on Form 990 | $16,386 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Lease Liability | $38,645 |
| Due to Others | $10,870 |
“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.”
“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, 2019 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 | 57185 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 61865 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 94000 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 118331 |
| 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 | 106772 |
| 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 | 823795 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 726830 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 135360 |
| 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 | 1106772 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1958 |
| IRS990/CYOtherExpensesAmt | 0 | 668305 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -71536 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 511961 |
| IRS990/CYTotalExpensesAmt | 0 | 1180266 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1108730 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 40257 |
| 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 | 6 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 113470 |
| 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 | 10.00 |
| 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/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/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 4966 |
| 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/PersonNm | 0 | MELINDA ALLEN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PAT VINCENT-COLLAWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | DEBBIE JOHNSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | CASSIE ARIAS-WARD |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ALICIA KEYS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CLEMENTE SANCHEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOE DIGREGORIO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | DAWN BOULWARE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | JULIA WISE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | PAT VANDERPOOL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | CARI LEMON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | MISSI CURRIER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | JOHN HEATON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | DAVIN LOPEZ |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 130394 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| 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/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/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | BOARD CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | REGION 1-CHA |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | REGION 1-PRE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | REGION 5-DIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2003 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 13 |
| IRS990/GovernmentGrantsAmt | 0 | 1000000 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1108730 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 13 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4530 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 1958 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1958 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 5 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 82494 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 47949 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 92372 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 174866 |
| 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 | 909586 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 838050 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 909586 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 838050 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 226 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 12107 |
| 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 | 10870 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 69032 |
| 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 | 461530 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 18477 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 5262 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2974 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 71521 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 49515 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 268687 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 30973 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 7909 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 1027 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 1027 |
| IRS990/PrincipalOfficerNm | 0 | MELINDA ALLEN |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 989000 |
| IRS990/PYInvestmentIncomeAmt | 0 | 699 |
| IRS990/PYOtherExpensesAmt | 0 | 547796 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -9123 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 451026 |
| IRS990/PYTotalExpensesAmt | 0 | 998822 |
| IRS990/PYTotalRevenueAmt | 0 | 989699 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -71536 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | false |
| 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 | 16386 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 16386 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 92372 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 82494 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 174866 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 16386 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1180266 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 38645 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 10870 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | LEASE LIABILITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DUE TO OTHERS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 16386 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1108730 |
| 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, 2019 AND THEREAFTER. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 92372 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1180266 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 49515 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1108730 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1125116 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1196652 |
| IRS990/ScheduleJRequiredInd | 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/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 |
| 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 | 1038292 |
| IRS990/TotalAssetsEOYAmt | 0 | 949430 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1038292 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 949430 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 1106772 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1180266 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 128706 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 111380 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 128706 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 111380 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 909586 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 838050 |
| IRS990/TotalOtherCompensationAmt | 0 | 4966 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 130394 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 1958 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1108730 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1038292 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 949430 |
| IRS990/TravelGrp/TotalAmt | 0 | 9472 |
| 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 | 13 |
| IRS990/VotingMembersIndependentCnt | 0 | 13 |
| IRS990/WebsiteAddressTxt | 0 | NMPARTNERSHIP.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| 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 | 2023-05-11 |
| 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 | 2023-05-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEREMY T RICHTER |
| ReturnHeader/ReturnTs | 0 | 2023-05-11T19:33:59-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MELINDA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | ALLEN |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
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Displayed year
2022 • Form 990Detailed filing. Detailed filing data is available for this year.