Civic Intelligence

New Mexico Junior College Foundation

990 • Fiscal year 2016 • EIN 23-7045300

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 24, 2017

5317 Lovington HwyHobbs, NM 88240

(575) 492-2782

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.21x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

88th percentile

37%

Higher net margin than 88% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

26th percentile

$65,962

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 11.3% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

65th percentile

5.8%

Faster asset growth than 65% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

3rd percentile

-65%

Faster revenue growth than 3% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Up

$7,689,285

Up $424,036 (+5.8%) from 2015

Net Assets

Up

$7,569,665

Up $335,962 (+4.6%) from 2015

Liabilities

Up

$119,620

Up $88,074 (+279%) from 2015

Revenue

Down

$582,904

Down $1,089,564 (-65%) from 2015

Expenses

Up

$369,836

Up $19,643 (+5.6%) from 2015

Net Income

Down

$213,068

Down $1,109,207 (-84%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $4,669,650Liabilities 2010: $1,329Net Assets 2010: $4,668,3212010Assets 2012: $5,499,868Liabilities 2012: $2,654Net Assets 2012: $5,497,2142012Assets 2013: $6,265,707Liabilities 2013: $26,868Net Assets 2013: $6,238,8392013Assets 2014: $7,073,073Liabilities 2014: $5,856Net Assets 2014: $7,067,2172014Assets 2015: $7,265,249Liabilities 2015: $31,546Net Assets 2015: $7,233,7032015Assets 2016: $7,689,285Liabilities 2016: $119,620Net Assets 2016: $7,569,6652016Assets 2017: $8,219,455Liabilities 2017: $83,600Net Assets 2017: $8,135,8552017Assets 2018: $8,740,766Liabilities 2018: $29,352Net Assets 2018: $8,711,4142018Assets 2019: $9,916,959Liabilities 2019: $52,027Net Assets 2019: $9,864,9322019Assets 2022: $12,380,291Liabilities 2022: $22,768Net Assets 2022: $12,357,5232022Assets 2024: $14,971,686Liabilities 2024: $298,249Net Assets 2024: $14,673,4372024

Highlighted filing

2016

Assets$7,689,285
Liabilities$119,620
Net Assets$7,569,665

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $130,2992010Expenses 2012: $256,9672012Expenses 2013: $278,9232013Revenue 2014: $785,210Expenses 2014: $339,215Net Income 2014: $445,9952014Revenue 2015: $1,672,468Expenses 2015: $350,193Net Income 2015: $1,322,2752015Revenue 2016: $582,904Expenses 2016: $369,836Net Income 2016: $213,0682016Revenue 2017: $593,255Expenses 2017: $400,346Net Income 2017: $192,9092017Revenue 2018: $1,155,343Expenses 2018: $686,980Net Income 2018: $468,3632018Revenue 2019: $1,267,563Expenses 2019: $481,866Net Income 2019: $785,6972019Revenue 2022: $955,968Expenses 2022: $595,543Net Income 2022: $360,4252022Revenue 2024: $1,719,597Expenses 2024: $1,204,198Net Income 2024: $515,3992024

Highlighted filing

2016

Revenue$582,904
Expenses$369,836
Net Income$213,068
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 24, 2017
Return Version
2015v3.0
Gross Receipts
$5,032,337
Mission and Program Overview

Mission

The new mexico junior college foundation is a non-profit corporation whose mission is to foster, encourage and promote college education (academic, technical, and career technology) at new mexico junior college by giving qualified persons the opportunity to obtain advanced education by means of financial assistance and scholarships; by soliciting funds for educational, philanthropic and benevolent purposes to be used to encourage and promote new mexico junior college; and by encouraging the expansion of facilities at the college through grants and endowments. New mexico junior college foundation fosters, encourages, and promotes college education at new mexico junior college by providing scholarships to students attending nmjc. Over the past twenty-three years, the foundation has provided over 2,177,101 in scholarships and work study. The foundation also supports the mission of new mexico junior college. Over the past twenty-three years, the foundation has provided approximately 618,11

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,377,318$6,712,227▲ $334,909
Savings and Temporary Cash Investments$604,591$635,059▲ $30,468
Cash and Non-Interest-Bearing Accounts$89,228$196,308▲ $107,080
Land, Buildings, and Equipment, Net$60,024$46,919▼ $13,105
Pledges and Grants Receivable$3,350$3,252▼ $98
Prepaid Expenses and Deferred Charges$496$613▲ $117
Accounts Receivable$35,659$324▼ $35,335
Total Assets$7,265,249$7,689,285▲ $424,036
Other Assets Total$94,583$94,583→ $0
Liabilities
Other Liabilities-$90,666-
Accounts Payable and Accrued Expenses$31,546$28,954▼ $2,592
Total Liabilities$31,546$119,620▲ $88,074
Net Assets / Fund Balance
Permanently Rstr Net Assets$4,831,205$5,568,035▲ $736,830
Temporarily Rstr Net Assets$2,088,366$1,777,957▼ $310,409
Unrestricted Net Assets$314,132$223,673▼ $90,459
Total Net Assets Fund Balance$7,233,703$7,569,665▲ $335,962
Total Liabilities and Net Assets / Fund Balance$7,265,249$7,689,285▲ $424,036

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$46,919$11,730$58,649

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$6,698,713$703,865▼ $135,447-$7,088,494
2014$5,642,655$38,638▲ $1,194,869-$6,698,713
2013$5,256,961$22,942▲ $532,040-$5,642,655
2012$4,906,207$145,396▲ $347,388-$5,256,961
2011$4,801,758$6,237▲ $203,418-$4,906,207
Compensation and Service Providers

Employees

NameTitleOtherTotal
Tina KunkoSecretary$65,962$65,962

Board Members and Trustees

NameTitle
Scott SmithPresident
Anita BraunDirector
Betty RickmanDirector
David PyeattDirector
David ShawDirector
David WhittenDirector
Dr Steve MccleeryDirector
Guy KesnerDirector
John ManseauDirector
Joshua GrasshamDirector
Lisa HardisonDirector
Michael RaburnDirector
Randy HolladayDirector
Tj ParksDirector
Pat ChappelleNmjc Pres
Dan HardinTreasurer
John GrahamVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$732,794
Program Service Revenue
$0
Investment Income
$-172,728
Other Revenue
$22,838
All Other Contributions
$700,494
Change in Net Assets
$213,068

Audited Revenue Reconciliation

Revenue per Audited Statements
$527,318
Revenue Not Reported on Financial Statements
$55,586
Revenue Not Reported on Form 990
$122,894
Other Revenue Adjustments
$-19,140
Total Revenue per Audited Statements
$650,212
Total Revenue per Form 990
$582,904
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$266,892
Other Expenses$102,944
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$266,892--$266,892
Fees for Service Investment Mgmnt Fees-$74,628-$74,628
Depreciation Depletion-$11,730-$11,730
Insurance-$1,505-$1,505
Other Expenses-$730-$730
All Other Expenses-$540-$540
Fees for Services Other-$98-$98
Total Functional Expenses$266,892$102,944$0$369,836

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$369,836
Expenses per Audited Statements$314,250
Total Expenses per Audited Statements$314,250
Expenses Not Reported on Financial Statements$55,586
Other Expense Adjustments$-19,140
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Mexico Junior CollegeHobbs, NM-Scholarships$190,960
New Mexico Junior CollegeHobbs, NM-Program Assistance$56,125
New Mexico Junior CollegeHobbs, NM-Work-study$19,807
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,141
Fundraising Gross Income$12,618
Gaming Gross Income$9,500
Gaming Direct Expenses$5,000
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Nmjc Fd Golf Ch$44,918$12,618$14,141$-1,523
Total Events$44,918$12,618$14,141$-1,523
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unearned Revenues$90,666
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Nmjc employee nmjc employee president vp finance employees of nmjc

Form 990, Page 6, Part VI, Line 11B

The foundation board of directors has voted to have the board executive committee review and approve the form 990 after the foundation accountant has thoroughly reviewed the form 990 which has been prepared by outside auditors.

Form 990, Page 6, Part VI, Line 12C

Members of the board of directors and employees are required to complete a conflict of interest disclosure statement annually. They are reviewed by the foundation staff.

Form 990, Page 6, Part VI, Line 15A

All salaries are paid by new mexico junior college. All employees are subject to the human resources policies of new mexico junior college.

Form 990, Page 6, Part VI, Line 15B

All salaries are paid by new mexico junior college. All employees are subject to the human resources policies of new mexico junior college.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Mexico Junior College
EIN
23-7045300
Phone
5754922782
Address
5317 LOVINGTON HWY, HOBBS, NM 88240

Signing Officer

Name
Scott Smith
Title
President
Phone
5754922782
Signed
2017-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Smith
Formed
1970
Legal Domicile
Nm
Voting Board Members
16
Independent Board Members
16
Employees
0

Preparer

Firm
Rpc Cpas Consultants Llp
Address
PO BOX 368, HOBBS, NM 88240
Preparer
Cindy Moffatt Bryan
Phone
5753923377
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The new mexico junior college foundation is a non-profit corporation whose mission is to foster, encourage and promote college education (academic, technical, and career technology) at new mexico junior college by giving qualified persons the opportunity to obtain advanced education by means of financial assistance and scholarships; by soliciting funds for educational, philanthropic and benevolent purposes to be used to encourage and promote new mexico junior college; and by encouraging the expansion of facilities at the college through grants and endowments. New mexico junior college foundation fosters, encourages, and promotes college education at new mexico junior college by providing scholarships to students attending nmjc. Over the past twenty-three years, the foundation has provided over 2,177,101 in scholarships and work study. The foundation also supports the mission of new mexico junior college. Over the past twenty-three years, the foundation has provided approximately 618,111 in program assitance to new mexico junior college.

Form 990, Part XI, Line 9

Golf tournament expenses netted against income 14,141 raffle ticket expenses netted against income 5,000 rounding -1 golf tournament expenses netted against income -14,141 raffle tickets expenses netted against income -5,000 rounding 1

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Golf tournament expenses netted against income -14,141 raffle ticket expenses netted against income -5,000 rounding 1

Schedule D, Page 4, Part XII, Line 4B

Golf tournament expenses netted against income -14,141 raffle tickets expenses netted against income -5,000 rounding 1

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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14NMJC PRES
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17TREASURER
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IRS990/MissionDesc0THE NEW MEXICO JUNIOR COLLEGE FOUNDATION IS A NON-PROFIT CORPORATION WHOSE MISSION IS TO FOSTER, ENCOURAGE AND PROMOTE COLLEGE EDUCATION (ACADEMIC, TECHNICAL, AND CAREER TECHNOLOGY) AT NEW MEXICO JUNIOR COLLEGE BY GIVING QUALIFIED PERSONS THE OPPORTUNITY TO OBTAIN ADVANCED EDUCATION BY MEANS OF FINANCIAL ASSISTANCE AND SCHOLARSHIPS; BY SOLICITING FUNDS FOR EDUCATIONAL, PHILANTHROPIC AND BENEVOLENT PURPOSES TO BE USED TO ENCOURAGE AND PROMOTE NEW MEXICO JUNIOR COLLEGE; AND BY ENCOURAGING THE EXPANSION OF FACILITIES AT THE COLLEGE THROUGH GRANTS AND ENDOWMENTS. NEW MEXICO JUNIOR COLLEGE FOUNDATION FOSTERS, ENCOURAGES, AND PROMOTES COLLEGE EDUCATION AT NEW MEXICO JUNIOR COLLEGE BY PROVIDING SCHOLARSHIPS TO STUDENTS ATTENDING NMJC. OVER THE PAST TWENTY-THREE YEARS, THE FOUNDATION HAS PROVIDED OVER 2,177,101 IN SCHOLARSHIPS AND WORK STUDY. THE FOUNDATION ALSO SUPPORTS THE MISSION OF NEW MEXICO JUNIOR COLLEGE. OVER THE PAST TWENTY-THREE YEARS, THE FOUNDATION HAS PROVIDED APPROXIMATELY 618,11
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt14598
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21375
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3730
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IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/Desc1DIRECTOR'S LUNCHEON
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IRS990/PrincipalOfficerNm0SCOTT SMITH
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IRS990/ProgSrvcAccomActy2Grp/Desc056,125 WAS PAID TO NEW MEXICO JUNIOR COLLEGE FOR ASSISTANCE WITH VARIOUS PROGRAMS WHICH INCLUDED: STUDENT LEARNING EVENTS, PROMOTION OF COMMUNITY AWARENESS WITH REGARD TO NMJC INITIATIVES, ATHLETIC PROGRAMS, RECOGNITION FOR ANNUAL OUTSTANDING NMJC FACULTY AND STAFF OF THE YEAR AWARDS, AND OTHER NMJC INITIATIVES.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt056125
IRS990/ProgSrvcAccomActy3Grp/Desc0FUNDS IN THE AMOUNT OF 19,807 WERE PAID FOR WORK-STUDY TO APPROXIMATLEY 8 STUDENTS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 13,531
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0NEW MEXICO JUNIOR COLLEGE FOUNDATION SPENT 3,540 TO PROMOTE VOTER AWARENESS WITH REGARD TO THE GENERAL OBLIGATION BOND C FOR HIGHER EDUCATION IN NEW MEXICO THAT WAS PRESENTED FOR VOTER CONSIDERATION ON THE NOVEMBER 2016 BALLOT.
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05642655

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