Civic Intelligence

Nmc Inc.

990 • Fiscal year 2020 • EIN 26-0370262

Jul 01, 2019 to Jun 30, 2020 • Filed on May 13, 2021

4200 W Jemez RoadLos Alamos, NM 87544

(505) 412-4200

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$7,739,929

No earlier filing loaded for comparison.

Net Assets

$4,828,688

No earlier filing loaded for comparison.

Liabilities

$2,911,241

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$18,891,056

No earlier filing loaded for comparison.

Expenses

$17,251,659

No earlier filing loaded for comparison.

Net Income

$1,639,397

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2020: $7,739,929Liabilities 2020: $2,911,241Net Assets 2020: $4,828,6882020Assets 2021: $8,318,653Liabilities 2021: $3,171,939Net Assets 2021: $5,146,7142021Assets 2022: $7,880,970Liabilities 2022: $2,490,385Net Assets 2022: $5,390,5852022Assets 2024: $12,357,011Liabilities 2024: $3,603,796Net Assets 2024: $8,753,2152024

Highlighted filing

2020

Assets$7,739,929
Liabilities$2,911,241
Net Assets$4,828,688

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2020: $18,891,056Expenses 2020: $17,251,659Net Income 2020: $1,639,3972020Revenue 2021: $11,151,295Expenses 2021: $10,833,269Net Income 2021: $318,0262021Revenue 2022: $12,482,692Expenses 2022: $12,238,821Net Income 2022: $243,8712022Revenue 2024: $14,103,483Expenses 2024: $13,926,453Net Income 2024: $177,0302024

Highlighted filing

2020

Revenue$18,891,056
Expenses$17,251,659
Net Income$1,639,397
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 13, 2021
Return Version
2019v5.0
Gross Receipts
$26,667,040
Mission and Program Overview

Mission

New mexico consortium (nmc) integrates the needs of new mexico's research universities to build liason research between local universities and organizations. Nmc builds strategic connections with scientific institutions throughout the world in order to support research and education in the public interest. Nmc develops and pursues research and education programs in the scientific fields.

New mexico consortium (nmc) integrates the needs of new mexico's research universities, to build liason research between local universities and organizations. Nmc builds strategic connections with scientific institutions throughout the world in order to support research and education in the public interest. Nmc develops and pursues research and education programs in the scientific fields.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$102,453$2,000,087▲ $1,897,634
Investments Other Securities$925,831$1,663,194▲ $737,363
Other Notes and Loans Receivable, Net$731,880$1,286,485▲ $554,605
Pledges and Grants Receivable$2,800,816$1,093,185▼ $1,707,631
Cash and Non-Interest-Bearing Accounts$475,810$982,295▲ $506,485
Prepaid Expenses and Deferred Charges$219,305$338,881▲ $119,576
Land, Buildings, and Equipment, Net$7,813,975$233,090▼ $7,580,885
Intangible Assets$147,560$138,758▼ $8,802
Accounts Receivable$724$3,954▲ $3,230
Total Assets$13,218,354$7,739,929▼ $5,478,425
Liabilities
Accounts Payable and Accrued Expenses$1,489,562$1,119,016▼ $370,546
Unsecured Notes Loans Payable$354,546$865,900▲ $511,354
Other Liabilities$256,712$404,334▲ $147,622
Mortgage Notes Payable Secured by Investment Property$5,440,876$350,082▼ $5,090,794
Deferred Revenue$224,730$171,909▼ $52,821
Total Liabilities$7,766,426$2,911,241▼ $4,855,185
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,451,928$4,828,688▼ $623,240
Total Net Assets Fund Balance$5,451,928$4,828,688▼ $623,240
Total Liabilities and Net Assets / Fund Balance$13,218,354$7,739,929▼ $5,478,425

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$113,126$2,778,799$2,891,925
Equipment$119,964$1,532,113$1,652,077
Other Securities$1,663,194--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve BuelowExecutive DiFT$181,177$38,591$219,768
Steve BuelowExecutive Director-$181,177$38,591$219,768
Omar Eduardo Contreras CoronaCIO-$160,369$34,158$194,527
Pedro Miguel M Costa NunezResearch Sci-$117,256$24,975$142,231
Paul BryantResearch Sci-$110,380$23,510$133,890
Alina a CorcoranResearch Sci-$109,330$23,287$132,617
Greg DyeCFOFT$102,210$21,771$123,981

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$14,520,494
Investment Income
$3,724,016
Other Revenue
$646,546
Change in Net Assets
$1,639,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,891,056
Total Revenue per Audited Statements
$18,891,056
Total Revenue per Form 990
$18,891,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,179,035
Other Expenses$8,072,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,341,583$355,441-$6,697,024
Other Employee Benefits$1,708,439$87,611-$1,796,050
Occupancy$1,188,876$191,653-$1,380,529
Office Expenses$1,037,860$33,123-$1,070,983
Fees for Services Other$675,159$249,193-$924,352
Payroll Taxes$442,884$23,309-$466,193
Fees for Services Accounting$267,155$98,604-$365,759
Travel$267,952$17,102-$285,054
Information Technology$186,382$69,652-$256,034
Depreciation Depletion$228,860$11,246-$240,106
Current Officers, Directors, Trustees, and Key Employees$208,780$10,988-$219,768
Interest$8,145$113,579-$121,724
Advertising$3,377$92,973-$96,350
Other Expenses$70,145$10,358-$80,503
All Other Expenses$34,416$15,993-$50,409
Insurance$30,467$18,191-$48,658
Fees for Services Legal$20,948$7,732-$28,680
Total Functional Expenses$12,924,262$4,327,397$0$17,251,659

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,514,296
Expenses per Audited Statements$17,251,659
Total Expenses per Form 990$17,251,659
Expenses Not Reported on Form 990$2,262,637
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held in Trust for Others$361,181
Deposits$43,153
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed and approved by the board of directors before being submitted to the irs.

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

Board of directors are asked to disclose any conflicts of interest at the annual board of directors meeting.

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

Compensation of the chief executive officer/executive director is established and approved by the board of directors as part of the annual budgeting process.

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

Compensation for key employees is established in accordance with nmc's base pay and cost structure policy. The policy is based on the compensation audit and comparative salary analysis performed by nmc's independent human resources consulting company (connecting point) as well as recommendations provided by connecting point. The management team does not select and employ any individual with an annual salary level equal to or in excess of 150,000 without written authorization of the board of directors.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Nmc Inc
EIN
26-0370262
Phone
5054124200
Address
4200 W JEMEZ ROAD, LOS ALAMOS, NM 87544
Doing Business As
New Mexico Consortium

Signing Officer

Name
Greg Dye
Title
CFO
Phone
5054124200
Signed
2021-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Buelow
Formed
2008
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
181
Volunteers
4

Preparer

Firm
Sjt Group LLC
Address
4811 HARDWARE DR NE SUITE E-4, ALBUQUERQUE, NM 87109
Preparer
Armando Sanchez
Phone
5053128702
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

New mexico consortium (nmc) integrates the needs of new mexico's research universities, to build liason research between local universities and organizations. Nmc builds strategic connections with scientific institutions throughout the world in order to support research and education in the public interest. Nmc develops and pursues research and education programs in the scientific fields.

Form 990, Page 2, Part III, Line 4A

Scientific research and collaborative programs with institutional and industrial teams who coordinate and lead collaborative research projects in the following areas: 1. The ultrascale systems research center (usrc) is a collaborative center focused on research to support high performance computing at exascale and beyond, established to foster collaboration in exascale research. 2. Nasa van allen probes mission science support (nasa). 3. Success through synergy - increase cultivation yield and stability with rationally designed consortia that, through increases in instantaneous productivity and stability, will improve the yeild of algal cultivation systems (u.s. Doe). 4. Research collaboration agreement for the collaboration for aids vaccine discovery comprehensive antibody vaccine immune monitoring consortium (gates foundation). 5. Develop disruptive technologies that address the greatest agriculture, aquaculture, and environmental challenges facing the globe (pebble labs). 6. Biolab collaboration space access in support of project research. 7. Research at the nmc includes advanced computing, biofuels, biomedical and human health, climate change, hydrology, material science, neuromorphic computing, plant biology and agriculture, physics, seismic research, and space science.

Form 990, Part XI, Line 9

Losses reported on return -2,262,637 impairment loss on cost basis investments in unrelated companies that are not publicly traded.

Financial Statement Notes

Schedule D, Page 3, Part X

The consortium is exempt from federal income taxes under section 501(c)(3) of the internal revenue code and is classified by the internal revenue service as an organization that is not considered a private foundation. However, income from certain activities not directly related to the consortium's tax-exempt purpose is subject to taxation as unrelated business income. There was no unrelated business income for the year ended june 30, 2020. The consortium believes it has appropriate support for any tax positions taken and, as such, has not recognized any changes to the financial statements for uncertain tax positions.

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IRS990/MissionDesc0NEW MEXICO CONSORTIUM (NMC) INTEGRATES THE NEEDS OF NEW MEXICO'S RESEARCH UNIVERSITIES, TO BUILD LIASON RESEARCH BETWEEN LOCAL UNIVERSITIES AND ORGANIZATIONS. NMC BUILDS STRATEGIC CONNECTIONS WITH SCIENTIFIC INSTITUTIONS THROUGHOUT THE WORLD IN ORDER TO SUPPORT RESEARCH AND EDUCATION IN THE PUBLIC INTEREST. NMC DEVELOPS AND PURSUES RESEARCH AND EDUCATION PROGRAMS IN THE SCIENTIFIC FIELDS.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CONSORTIUM IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS AN ORGANIZATION THAT IS NOT CONSIDERED A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CONSORTIUM'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED JUNE 30, 2020. THE CONSORTIUM BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, HAS NOT RECOGNIZED ANY CHANGES TO THE FINANCIAL STATEMENTS FOR UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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