Civic Intelligence

Nmc Inc.

990 • Fiscal year 2021 • EIN 26-0370262

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 07, 2022

4200 W Jemez RoadLos Alamos, NM 87544

(505) 412-4200

Siviq Scores

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

Liabilities / Assets

69th percentile

0.38x

Higher debt load relative to assets than 69% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.28x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

29th percentile

2.9%

Higher net margin than 29% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$8,318,653

No earlier filing loaded for comparison.

Net Assets

$5,146,714

No earlier filing loaded for comparison.

Liabilities

$3,171,939

No earlier filing loaded for comparison.

Revenue

$11,151,295

No earlier filing loaded for comparison.

Expenses

$10,833,269

No earlier filing loaded for comparison.

Net Income

$318,026

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 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

2021

Assets$8,318,653
Liabilities$3,171,939
Net Assets$5,146,714

Operations Trend

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

$15M$10M$5.0M$0Revenue 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

2021

Revenue$11,151,295
Expenses$10,833,269
Net Income$318,026
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 7, 2022
Return Version
2020v4.0
Gross Receipts
$11,169,396
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,663,194$1,763,194▲ $100,000
Other Notes and Loans Receivable, Net$1,286,485$1,730,229▲ $443,744
Pledges and Grants Receivable$1,093,185$1,540,341▲ $447,156
Savings and Temporary Cash Investments$2,000,087$1,192,916▼ $807,171
Cash and Non-Interest-Bearing Accounts$982,295$1,011,371▲ $29,076
Land, Buildings, and Equipment, Net$233,090$482,863▲ $249,773
Prepaid Expenses and Deferred Charges$338,881$464,583▲ $125,702
Intangible Assets$138,758$129,956▼ $8,802
Accounts Receivable$3,954$3,200▼ $754
Total Assets$7,739,929$8,318,653▲ $578,724
Liabilities
Accounts Payable and Accrued Expenses$1,119,016$1,453,437▲ $334,421
Unsecured Notes Loans Payable$865,900$853,779▼ $12,121
Other Liabilities$404,334$399,844▼ $4,490
Mortgage Notes Payable Secured by Investment Property$350,082$361,584▲ $11,502
Deferred Revenue$171,909$103,295▼ $68,614
Total Liabilities$2,911,241$3,171,939▲ $260,698
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,828,688$5,146,714▲ $318,026
Total Net Assets Fund Balance$4,828,688$5,146,714▲ $318,026
Total Liabilities and Net Assets / Fund Balance$7,739,929$8,318,653▲ $578,724

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$93,540$2,816,118$2,909,658
Equipment$389,323$1,655,052$2,044,375
Other Securities$1,763,194--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steve BuelowExecutive DiFT$163,678$19,970$183,648
Steve BuelowExecutive Director-$163,678$19,970$183,648
Omar Eduardo Contreras CoronaCIOFT$161,278$19,117$180,395
Irina IzvekovaCOOFT$116,155$59,538$175,693
Thomas C TerwilligerResearch SciFT$149,594$15,988$165,582
Thomas C TerwilligerResearch Scientist-$149,594$15,988$165,582
Alina a CorcoranResearch SciFT$127,327$35,026$162,353
Alina a CorcoranResearch Scientist-$127,327$35,026$162,353
David NicholaeffResearch SciFT$114,686$23,925$138,611

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Axiom Cpas Business Advisors LLCConsulting316 OSUNA RD NE SUITE 401, Albuquerque, NM 87107$260,613
Revenue and Support

Revenue Composition

Contributions and Grants
$973,701
Program Service Revenue
$10,091,804
Investment Income
$30,702
Other Revenue
$55,088
All Other Contributions
$107,801
Change in Net Assets
$318,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,151,295
Total Revenue per Audited Statements
$11,151,295
Total Revenue per Form 990
$11,151,295
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,939,373
Other Expenses$3,893,896
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,402,377$191,806-$4,594,183
Fees for Services Other$1,565,996$154,549-$1,720,545
Other Employee Benefits$1,160,858$50,577-$1,211,435
Occupancy$1,153,891$33,022-$1,186,913
Pension Plan Contributions$405,571$17,671-$423,242
Payroll Taxes$312,926$70,034-$382,960
Current Officers, Directors, Trustees, and Key Employees$313,878$13,675-$327,553
Office Expenses$243,512$2,898-$246,410
Information Technology$179,841$6,389-$186,230
Depreciation Depletion$156,754$19,042-$175,796
Advertising-$39,721-$39,721
Insurance$30,315$5,749-$36,064
Fees for Services Accounting$26,509$2,616-$29,125
All Other Expenses$23,148$1,814-$24,962
Interest$19,448$3,180-$22,628
Other Expenses$20,256$3,289-$20,256
Fees for Services Legal$12,072$1,191-$13,263
Travel$12,541--$12,541
Total Functional Expenses$10,142,497$690,772$0$10,833,269

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,833,269
Total Expenses per Audited Statements$10,833,269
Total Expenses per Form 990$10,833,269
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$346,326
Deposits$53,518
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

The ceo/ed salary is established by the board of directors.

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

The cio,coo, and cfo salaries are established in accordance with the nmc base pay and cost structure policy. The policy is based on the compensation audit and comparative salary analysis performed by connecting point, an independent hr consulting company. Employees or potential employees with an annual salary of 150,000 or greater must be approved by the board of directors with a written authorization approving the salary.

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
2022-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Buelow
Formed
2008
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
146
Volunteers
21

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 3

During fiscal year 2019, the consortium sold its bio-lab. The consortium generated significant access fee revenue from users of the lab in return for bench and office space and lab supplies.

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 IX, Line 11G

Professional services 1,565,996 154,549 0

Financial Statement Notes

Schedule D, Page 3, Part X

The consortium is exempt from state and 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 years ended june 30, 2021, and 2020. The consortium is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The consortium's open audit periods are for fiscal years 2018 and thereafter. 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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