Civic Intelligence

Think New Mexico

990 • Fiscal year 2023 • EIN 31-1611995

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 20, 2024

505 Don Gaspar AveSanta Fe, NM 87505

(505) 992-1315

Siviq Scores

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

Liabilities / Assets

56th percentile

0.27x

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

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

83rd percentile

1.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Net Margin

91st percentile

49%

Higher net margin than 91% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$195,179

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

2023 filings • NTEE P • $5M-$10M nonprofits • Source year 2023

Asset Growth

92nd percentile

76%

Faster asset growth than 92% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

88th percentile

45%

Faster revenue growth than 88% of similar nonprofits.

2023 filings • NTEE P • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,611,980

Up $2,862,280 (+76%) from 2022

Net Assets

Up

$4,813,687

Up $1,138,748 (+31%) from 2022

Liabilities

Up

$1,798,293

Up $1,723,532 (+2305%) from 2022

Revenue

Up

$1,624,853

Up $504,658 (+45%) from 2022

Expenses

Up

$834,484

Up $96,270 (+13%) from 2022

Net Income

Up

$790,369

Up $408,388 (+107%) from 2022

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2013: $2,634,517Liabilities 2013: $17,238Net Assets 2013: $2,617,2792013Assets 2015: $2,680,628Liabilities 2015: $29,887Net Assets 2015: $2,650,7412015Assets 2016: $2,794,252Liabilities 2016: $14,748Net Assets 2016: $2,779,5042016Assets 2017: $2,998,540Liabilities 2017: $6,746Net Assets 2017: $2,991,7942017Assets 2018: $2,941,435Liabilities 2018: $631Net Assets 2018: $2,940,8042018Assets 2019: $3,276,589Liabilities 2019: $10,579Net Assets 2019: $3,266,0102019Assets 2020: $3,070,671Liabilities 2020: $93,281Net Assets 2020: $2,977,3902020Assets 2021: $3,694,500Liabilities 2021: $10,882Net Assets 2021: $3,683,6182021Assets 2022: $3,749,700Liabilities 2022: $74,761Net Assets 2022: $3,674,9392022Assets 2023: $6,611,980Liabilities 2023: $1,798,293Net Assets 2023: $4,813,6872023Assets 2024: $7,479,051Liabilities 2024: $1,092,495Net Assets 2024: $6,386,5562024

Highlighted filing

2023

Assets$6,611,980
Liabilities$1,798,293
Net Assets$4,813,687

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2013: $496,341Expenses 2013: $490,355Net Income 2013: $5,9862013Revenue 2015: $561,323Expenses 2015: $539,907Net Income 2015: $21,4162015Revenue 2016: $598,958Expenses 2016: $524,115Net Income 2016: $74,8432016Revenue 2017: $690,411Expenses 2017: $615,868Net Income 2017: $74,5432017Revenue 2018: $609,456Expenses 2018: $543,930Net Income 2018: $65,5262018Revenue 2019: $753,930Expenses 2019: $620,358Net Income 2019: $133,5722019Revenue 2020: $767,459Expenses 2020: $615,684Net Income 2020: $151,7752020Revenue 2021: $1,168,709Expenses 2021: $646,318Net Income 2021: $522,3912021Revenue 2022: $1,120,195Expenses 2022: $738,214Net Income 2022: $381,9812022Revenue 2023: $1,624,853Expenses 2023: $834,484Net Income 2023: $790,3692023Revenue 2024: $2,448,307Expenses 2024: $1,059,501Net Income 2024: $1,388,8062024

Highlighted filing

2023

Revenue$1,624,853
Expenses$834,484
Net Income$790,369
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 20, 2024
Return Version
2023v5.0
Gross Receipts
$2,587,864
Mission and Program Overview

Mission

Education and public policy research

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$841,669$2,635,090▲ $1,793,421
Investments in Publicly Traded Securities$2,282,643$2,537,598▲ $254,955
Savings and Temporary Cash Investments$365,402$1,181,948▲ $816,546
Cash and Non-Interest-Bearing Accounts$98$87,339▲ $87,241
Pledges and Grants Receivable$40,464--
Prepaid Expenses and Deferred Charges$48,866$1,329▼ $47,537
Total Assets$3,749,700$6,611,980▲ $2,862,280
Other Assets Total$170,558$168,676▼ $1,882
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,753,629-
Other Liabilities$55,775$29,676▼ $26,099
Accounts Payable and Accrued Expenses$18,986$14,988▼ $3,998
Total Liabilities$74,761$1,798,293▲ $1,723,532
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,464,671$4,417,922▲ $953,251
Net Assets With Donor Restrictions$210,268$395,765▲ $185,497
Total Net Assets Fund Balance$3,674,939$4,813,687▲ $1,138,748
Total Liabilities and Net Assets / Fund Balance$3,749,700$6,611,980▲ $2,862,280

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,961,554$32,125$1,993,679
Land$671,215-$671,215
Equipment$2,321$9,204$11,525

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$232,633$150,000▲ $22,010$-123,878$280,765
2022$282,086$600▼ $38,596$-11,457$232,633
2021$265,251$250▲ $25,461$-8,876$282,086
2020$224,222$250▲ $20,687$-4,908$240,251
2019$104,462-▲ $17,068$-5,447$114,936
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Fred Nathan JrSecretary/exFT$144,343$50,836$195,179
Fred Nathan JrSecretary/exec Director-$144,343$50,836$195,179
Kristina FisherAssociate DiFT$118,728$23,275$142,003

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,579,652
Program Service Revenue
$0
Investment Income
$75,841
Other Revenue
$-30,640
All Other Contributions
$1,579,652
Change in Net Assets
$790,369

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$15,118Fair Value
Other Non Cash Contri Table11$14,629Fair Value
Total Noncash Contributions13$29,747-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,622,853
Revenue Not Reported on Financial Statements
$2,000
Revenue Not Reported on Form 990
$479,795
Total Revenue per Audited Statements
$2,102,648
Total Revenue per Form 990
$1,624,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$606,653
Other Expenses$227,831
Total Fundraising Expense$91,945
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$274,003$17,658$30,311$321,972
Current Officers, Directors, Trustees, and Key Employees$167,855$13,661$13,663$195,179
Office Expenses$75,571$1,917$17,309$94,797
Occupancy$66,496$4,694$7,041$78,231
Payroll Taxes$30,206$2,133$3,198$35,537
Other Employee Benefits$27,307$1,618$3,594$32,519
Pension Plan Contributions$18,091$1,150$2,205$21,446
Fees for Services Accounting-$11,757-$11,757
Information Technology$4,438$211$6,068$10,717
Conferences and Meetings$3,681$15$3,574$7,270
Advertising$3,820-$3,126$6,946
Fees for Services Other$5,811-$306$6,117
Insurance$3,144$222$333$3,699
Depreciation Depletion$888$63$94$1,045
Other Expenses$401$135$203$401
Total Functional Expenses$687,305$55,234$91,945$834,484

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$963,900
Expenses per Audited Statements$834,484
Total Expenses per Form 990$834,484
Expenses Not Reported on Form 990$129,416
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$18,676
Deposits Held for Others$11,000
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is distributed to and reviewed in detail by the board of directors prior to filing. The board is encouraged to discuss noteable items and disclosures before final board approval.

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

Officers, directors, and employees are aware of the conflict of interest policy, and any potential conflicts are disclosed to the appropriate level of management for resolution. Conflict of interest disclosures are completed annually.

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

The board evaluates the executive director's performance and sets compensation as part of the budget approval process. In making the decision, comparability data are considered. Process results are contemporaneously documented in board or committee minutes.

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

The executive director evaluates employee performance and sets compensation as part of the budget process. The board reviews and approves the annual budget.

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are made available upon request. Financial statements are also posted to the organization's website.

Filing and Contact Details

Filer

Filer Name
Think New Mexico
EIN
31-1611995
Phone
5059921315
Address
505 DON GASPAR AVE, SANTA FE, NM 87505

Signing Officer

Name
Fred Nathan Jr
Title
Secretary/exec Director
Phone
5059921315
Signed
2024-09-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roberta Cooper Ramo
Formed
1998
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
11
Employees
10
Volunteers
11

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Shannon L Gilliland
Phone
3038308109
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Members of the board of directors serve in a volunteer capacity.

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

In 2023, think new mexico continued our ongoing effort to dramatically improve student outcomes in new mexico's public schools. Think new mexico launched this initiative in 2022 with the publication of a policy report titled, "a roadmap for rethinking public education in new mexico," which laid out a sweeping ten point plan with 30 separate legislative recommendations to improve the performance of new mexico's public school students. Think new mexico also developed legislation to implement our proposed reforms and organized a diverse coalition of supporters to advocate for them. During the 2023 legislative session, several of think new mexico's proposed education reforms were enacted, including increasing learning time for students by the equivalent of 27 extra days a year for elementary school students and 10 extra days for middle and high school students, as well as securing funding for higher principal salaries and for teacher residencies, paid year-long experiences in which a new teacher teaches alongside an experienced teacher. During the 2024 legislative session, think new mexico successfully championed the enactment of legislation enhancing the training and transparency requirements for local school board members. This law will ensure that every school board member receives training in essential topics like how board members can improve student outcomes; public school budgeting and finance; and effective practices for supporting and supervising the local superintendent. The new law also brings new mexico in line with the 44 states that require all school board candidates to disclose their donors, and will ensure that school board and charter school board meetings be webcast and the recordings and minutes posted online. Finally, in 2023 think new mexico continued its leadership internship program, which aims to retain a new generation of potential leaders in new mexico by teaching them how they can make a difference in their home state. In 2023, the internship program served six students from across new mexico, training them how to develop and enact sound public policy and introducing them to key policymakers and opinion leaders.

Form 990, Part XI, Line 9

Change in beneficial interest -1,837 less rental expense headquarters 104,285 less rental expense sublet 18,726 less rental headquarters -104,285 less rental sublet -18,726 total -1,837

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowed funds are intended to provide a future source of income and/or funds for extraordinary financial need or capital improvement. Note: current year presentation includes endowment funds that are managed internally as well as those held and managed by community foundations.

Schedule D, Page 3, Part X

Think new mexico is a nonprofit organization and qualifies as a tax- exempt organization under section 501(c)(3) of the internal revenue code. Additionally, the organization has a 501(h) election which permits the organization to calculate the specific amount that may be spent to influence legislation. Think new mexico regularly evaluates activities as it relates to its tax- exempt status. If think new mexico's activities are determined to be outside of its tax-exempt status, the potential exists for tax liabilities on those unrelated activities. During the year ended december 31, 2023, think new mexico engaged in debt-financed rental activities that are considered unrelated business income, and accordingly, the organization files form 990-t, exempt organization business income tax return, to account for this activity. The tax liability, if any, is expected to be immaterial, and no provision for income taxes has been reflected in think new mexico's consolidated financial statements.

Schedule D, Page 4, Part XI, Line 2D

Change in beneficial interest -1,837 less rental expense headquarters 104,285 less rental expense sublet 18,726

Schedule D, Page 4, Part XII, Line 2D

Less rental headquarters 104,285 less rental sublet 18,726

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IRS990/Desc0IN 2023, THINK NEW MEXICO CONTINUED OUR ONGOING EFFORT TO DRAMATICALLY IMPROVE STUDENT OUTCOMES IN NEW MEXICO'S PUBLIC SCHOOLS. THINK NEW MEXICO LAUNCHED THIS INITIATIVE IN 2022 WITH THE PUBLICATION OF A POLICY REPORT TITLED, "A ROADMAP FOR RETHINKING PUBLIC EDUCATION IN NEW MEXICO," WHICH LAID OUT A SWEEPING TEN POINT PLAN WITH 30 SEPARATE LEGISLATIVE RECOMMENDATIONS TO IMPROVE THE PERFORMANCE OF NEW MEXICO'S PUBLIC SCHOOL STUDENTS. THINK NEW MEXICO ALSO DEVELOPED LEGISLATION TO IMPLEMENT OUR PROPOSED REFORMS AND ORGANIZED A DIVERSE COALITION OF SUPPORTERS TO ADVOCATE FOR THEM. DURING THE 2023 LEGISLATIVE SESSION, SEVERAL OF THINK NEW MEXICO'S PROPOSED EDUCATION REFORMS WERE ENACTED, INCLUDING INCREASING LEARNING TIME FOR STUDENTS BY THE EQUIVALENT OF 27 EXTRA DAYS A YEAR FOR ELEMENTARY SCHOOL STUDENTS AND 10 EXTRA DAYS FOR MIDDLE AND HIGH SCHOOL STUDENTS, AS WELL AS SECURING FUNDING FOR HIGHER PRINCIPAL SALARIES AND FOR TEACHER RESIDENCIES, PAID YEAR-LONG EXPERIENCES IN WHICH A NEW TEACHER TEACHES ALONGSIDE AN EXPERIENCED TEACHER. DURING THE 2024 LEGISLATIVE SESSION, THINK NEW MEXICO SUCCESSFULLY CHAMPIONED THE ENACTMENT OF LEGISLATION ENHANCING THE TRAINING AND TRANSPARENCY REQUIREMENTS FOR LOCAL SCHOOL BOARD MEMBERS. THIS LAW WILL ENSURE THAT EVERY SCHOOL BOARD MEMBER RECEIVES TRAINING IN ESSENTIAL TOPICS LIKE HOW BOARD MEMBERS CAN IMPROVE STUDENT OUTCOMES; PUBLIC SCHOOL BUDGETING AND FINANCE; AND EFFECTIVE PRACTICES FOR SUPPORTING AND SUPERVISING THE LOCAL SUPERINTENDENT. THE NEW LAW ALSO BRINGS NEW MEXICO IN LINE WITH THE 44 STATES THAT REQUIRE ALL SCHOOL BOARD CANDIDATES TO DISCLOSE THEIR DONORS, AND WILL ENSURE THAT SCHOOL BOARD AND CHARTER SCHOOL BOARD MEETINGS BE WEBCAST AND THE RECORDINGS AND MINUTES POSTED ONLINE. FINALLY, IN 2023 THINK NEW MEXICO CONTINUED ITS LEADERSHIP INTERNSHIP PROGRAM, WHICH AIMS TO RETAIN A NEW GENERATION OF POTENTIAL LEADERS IN NEW MEXICO BY TEACHING THEM HOW THEY CAN MAKE A DIFFERENCE IN THEIR HOME STATE. IN 2023, THE INTERNSHIP PROGRAM SERVED SIX STUDENTS FROM ACROSS NEW MEXICO, TRAINING THEM HOW TO DEVELOP AND ENACT SOUND PUBLIC POLICY AND INTRODUCING THEM TO KEY POLICYMAKERS AND OPINION LEADERS.
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