Civic Intelligence

Friends of Mark Armijo Academy

990 • Fiscal year 2024 • EIN 47-3064751

Jan 01, 2024 to Dec 31, 2024 • Filed on May 11, 2025

Organization ProfileMark Armijo Academy
6800 Gonzales Rd SWAlbuquerque, NM 87121

(505) 873-7758

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

2024 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

26.01x

Higher debt load relative to revenue than 99% of similar nonprofits.

2024 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2024

Net Margin

92nd percentile

63%

Higher net margin than 92% of similar nonprofits.

2024 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

31st percentile

$0

Higher top officer pay than 31% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE B90 • $1M-$5M nonprofits • Source year 2024

Asset Growth

44th percentile

-0.1%

Faster asset growth than 44% of similar nonprofits.

2024 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

122%

Faster revenue growth than 90% of similar nonprofits.

2024 filings • NTEE B90 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$1,071,308

Down $914 (-0.1%) from 2023

Net Assets

Up

$44,852

Up $24,886 (+125%) from 2023

Liabilities

Down

$1,026,456

Down $25,800 (-2.5%) from 2023

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin92nd percentile

Revenue

Up

$39,459

Up $21,662 (+122%) from 2023

Expenses

Up

$14,573

Up $503 (+3.6%) from 2023

Net Income

Up

$24,886

Up $21,159 (+568%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$1.5M$1.0M$500K$0Assets 2020: $1,136,253Liabilities 2020: $1,127,116Net Assets 2020: $9,1372020Assets 2021: $1,123,310Liabilities 2021: $1,109,016Net Assets 2021: $14,2942021Assets 2022: $1,099,455Liabilities 2022: $1,083,216Net Assets 2022: $16,2392022Assets 2023: $1,072,222Liabilities 2023: $1,052,256Net Assets 2023: $19,9662023Assets 2024: $1,071,308Liabilities 2024: $1,026,456Net Assets 2024: $44,8522024Assets 2025: $1,044,551Liabilities 2025: $1,000,656Net Assets 2025: $43,8952025

Highlighted filing

2024

Assets$1,071,308
Liabilities$1,026,456
Net Assets$44,852
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

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

$40K$20K$0-$20KRevenue 2020: $10,498Expenses 2020: $2,283Net Income 2020: $8,2152020Revenue 2021: $7,178Expenses 2021: $2,021Net Income 2021: $5,1572021Revenue 2022: $11,937Expenses 2022: $9,992Net Income 2022: $1,9452022Revenue 2023: $17,797Expenses 2023: $14,070Net Income 2023: $3,7272023Revenue 2024: $39,459Expenses 2024: $14,573Net Income 2024: $24,8862024Revenue 2025: $30,096Expenses 2025: $31,053Net Income 2025: -$9572025

Highlighted filing

2024

Revenue$39,459
Expenses$14,573
Net Income$24,886
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 11, 2025
Return Version
2024v5.0
Gross Receipts
$153,602
Mission and Program Overview

Mission

To support the operations and activities of Mark Armijo Academy a public charter school in New Mexico.

To support the operations and building purchase of Mark Armijo Academy, a public charter school in New Mexico.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,052,256$1,026,456▼ $25,800
Cash and Non-Interest-Bearing Accounts$19,966$44,852▲ $24,886
Total Assets$1,072,222$1,071,308▼ $914
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,052,256$1,026,456▼ $25,800
Total Liabilities$1,052,256$1,026,456▼ $25,800
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,966$44,852▲ $24,886
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$19,966$44,852▲ $24,886
Total Liabilities and Net Assets / Fund Balance$1,072,222$1,071,308▼ $914

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,026,456$134,160$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay31st percentile

Board Members and Trustees

NameTitle
Monica AguilarPresident
Trish GallegosSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$21,459
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$18,000
All Other Contributions
$14,000
Change in Net Assets
$24,886
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,573
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$9,690--$9,690
All Other Expenses$4,883--$4,883
Total Functional Expenses$14,573$0$0$14,573
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 is emailed to all Board Members for comments prior to submitting the final tax return”

Form 990, Part VI, Section C, Line 19

“Friends of Mark Armijo Academy Foundation supplies all documents upon request.”

Filing and Contact Details

Filer

Filer Name
Friends of Mark Armijo Academy
EIN
47-3064751
Phone
5058737758
Address
6800 Gonzales Rd SW, Albuquerque, NM 87121

Signing Officer

Name
Rhonda Cordova
Title
Accountant
Phone
5056045056
Signed
2025-05-11

Organization Details

Principal Officer
Rhonda Cordova
Formed
2014
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Fundraising expenses for Holiday Hope Drive and WA DC Student trip”

Raw XML Appendix315 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The foundation receives a majority of its revenue from public fundraising events or public donors.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Friends of Mark Armijo Academy Foundation supplies all documents upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Fundraising expenses for Holiday Hope Drive and WA DC Student trip
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Rhonda Cordova
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Accountant
ReturnHeader/BusinessOfficerGrp/PhoneNum05056045056
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF MARK ARMIJO ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0473064751
ReturnHeader/Filer/PhoneNum05058737758
ReturnHeader/Filer/USAddress/AddressLine1Txt06800 Gonzales Rd SW
ReturnHeader/Filer/USAddress/CityNm0Albuquerque
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087121
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02025-05-11T22:28:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,071,308
Liabilities
$1,026,456
Net assets
$44,852
Revenue
$39,459
Expenses
$14,573
Net income
$24,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.04$1.00$0.04$0.03$0.03$0.00
2024Detailed filing. Detailed filing data is available for this year.$1.07$1.03$0.04$0.04$0.01$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.07$1.05$0.02$0.02$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.10$1.08$0.02$0.01$0.01$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.12$1.11$0.01$0.01$0.00$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.14$1.13$0.01$0.01$0.00$0.01