Civic Intelligence

Nmc Inc.

990 • Fiscal year 2023 • EIN 26-0370262

Jul 01, 2022 to Jun 30, 2023 • Filed on Apr 15, 2024

4200 W Jemez Road Ste 301Los Alamos, NM 87544

(505) 412-4200

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$13,272,348

Up $5,391,378 (+68%) from 2022

Net Assets

Up

$8,704,497

Up $3,313,912 (+61%) from 2022

Liabilities

Up

$4,567,851

Up $2,077,466 (+83%) from 2022

Revenue And Expenses

Revenue

Up

$18,885,428

Up $6,402,736 (+51%) from 2022

Expenses

Up

$15,474,303

Up $3,235,482 (+26%) from 2022

Net Income

Up

$3,411,125

Up $3,167,254 (+1299%) from 2022

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 2023: $13,272,348Liabilities 2023: $4,567,851Net Assets 2023: $8,704,4972023Assets 2024: $12,357,011Liabilities 2024: $3,603,796Net Assets 2024: $8,753,2152024

Highlighted filing

2023

Assets$13,272,348
Liabilities$4,567,851
Net Assets$8,704,497

Operations Trend

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

$20M$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 2023: $18,885,428Expenses 2023: $15,474,303Net Income 2023: $3,411,1252023Revenue 2024: $14,103,483Expenses 2024: $13,926,453Net Income 2024: $177,0302024

Highlighted filing

2023

Revenue$18,885,428
Expenses$15,474,303
Net Income$3,411,125
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 15, 2024
Return Version
2022v5.0
Gross Receipts
$18,885,428
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 in Publicly Traded Securities-$2,600,000-
Investments Other Securities$1,763,194$2,387,258▲ $624,064
Pledges and Grants Receivable$1,538,000$2,251,661▲ $713,661
Other Notes and Loans Receivable, Net$1,815,417$1,305,171▼ $510,246
Cash and Non-Interest-Bearing Accounts$1,615,782$1,039,465▼ $576,317
Land, Buildings, and Equipment, Net$763,001$941,028▲ $178,027
Savings and Temporary Cash Investments$15,894$885,761▲ $869,867
Prepaid Expenses and Deferred Charges$241,363$245,753▲ $4,390
Intangible Assets$121,154$112,352▼ $8,802
Accounts Receivable$7,165--
Total Assets$7,880,970$13,272,348▲ $5,391,378
Other Assets Total-$1,503,899-
Liabilities
Accounts Payable and Accrued Expenses$1,644,329$2,343,173▲ $698,844
Other Liabilities$307,057$1,780,749▲ $1,473,692
Deferred Revenue$212,355$294,035▲ $81,680
Unsecured Notes Loans Payable$201,867$149,894▼ $51,973
Mortgage Notes Payable Secured by Investment Property$124,777--
Total Liabilities$2,490,385$4,567,851▲ $2,077,466
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,390,585$8,704,497▲ $3,313,912
Total Net Assets Fund Balance$5,390,585$8,704,497▲ $3,313,912
Total Liabilities and Net Assets / Fund Balance$7,880,970$13,272,348▲ $5,391,378

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$310,800$2,957,983$3,268,783
Equipment$630,228$2,090,019$2,720,247
Other Assets Org$1,503,899--
Other Securities$2,387,258--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Omar Eduardo Contreras CoronaResearch SciFT$188,450$21,219$209,669
Omar Eduardo Contreras CoronaResearch Scientist-$188,450$21,219$209,669
Irina IzvekovaCOOFT$150,574$40,926$191,500
Goutam GuptaResearch SciFT$159,241$19,699$178,940
Goutam GuptaResearch Scientist-$159,241$19,699$178,940
Andre TeixeiraResearch SciFT$141,641$26,790$168,431
Andre TeixeiraResearch Scientist-$141,641$26,790$168,431
Steven BuelowCEO (former)FT$145,503$16,380$161,883
Greg DyeCFOFT$143,199$16,837$160,036

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Triad National SecurityProf. Svcs.505 KING AVE, SUITE 200, Columbus, OH 43201$842,088
New Mexico State UniversityProf. Services1780 E UNIVERSITY AVE, Las Cruces, NM 88003$724,138
University Of New MexicoProf. Services1 UNIVERSITY OF NEW MEXICO, Albuquerque, NM 87131$526,541
Colliers InternationalRent5051 JOURNAL CENTER NE, Albuquerque, NM 87109$348,596
Los Alamos Commerce & Dev CorpRent190 CENTRAL PARK SQUARE, Los Alamos, NM 87544$293,285
Revenue and Support

Revenue Composition

Contributions and Grants
$454,972
Program Service Revenue
$14,395,016
Investment Income
$4,035,440
Other Revenue
$0
All Other Contributions
$246,702
Change in Net Assets
$3,411,125

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,885,428
Total Revenue per Audited Statements
$18,885,428
Total Revenue per Form 990
$18,885,428
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,130,075
Salaries, Compensation, and Employee Benefits$7,344,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$4,846,049$244,835-$5,090,884
Other Salaries and Wages$4,273,093$511,486-$4,784,579
Other Employee Benefits$1,229,585$140,639-$1,370,224
Occupancy$1,330,793$5,658-$1,336,451
Pension Plan Contributions$412,506$47,182-$459,688
Payroll Taxes$361,322$46,496-$407,818
Depreciation Depletion$347,202$8,802-$356,004
Office Expenses$355,204--$355,204
Current Officers, Directors, Trustees, and Key Employees$287,646$34,273-$321,919
Travel$210,306--$210,306
Information Technology$135,833--$135,833
Fees for Services Accounting$69,256$35,696-$104,952
Fees for Services Legal$44,371$22,869-$67,240
Advertising-$58,613-$58,613
Insurance$40,785$17,763-$58,548
All Other Expenses$28,493$15,477-$43,970
Other Expenses$39,490$3,640-$43,130
Interest$125$10,772-$10,897
Total Functional Expenses$14,058,414$1,415,889$0$15,474,303

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,474,303
Total Expenses per Audited Statements$15,474,303
Total Expenses per Form 990$15,474,303
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
Operating Lease Liability$1,528,763
Funds Held in Trust for Others$251,936
Uncashed Check$50
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 the 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 STE 301, LOS ALAMOS, NM 87544
Doing Business As
New Mexico Consortium

Signing Officer

Name
Greg Dye
Title
CFO
Phone
5054124200
Signed
2024-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John R Engen
Formed
2008
Legal Domicile
Nm
Voting Board Members
8
Independent Board Members
8
Employees
88
Volunteers
6

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 remove the yield of algal cultivation systems (u.s. Doe). 4. Research collaboration agreement for the collaboration for aids vaccine discovery and comprehensive antibody vaccine immune monitoring consortium (gates foundation). 5. Develop disruptive technologies that adress 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 202,620 104,435 0 contractual services 4,643,429 140,400 0 total 4,846,049 244,835 0

Form 990, Part XI, Line 9

Operating lease 0 loss on impairment of investments -80,019 operating lease 0 total -80,019

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, 2023 and 2022. 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 2019 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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