Civic Intelligence

Middle Rio Grande Economic Development Association

EIN 47-3340766 • 501(c)6 • Socorro, NM

Profile

To enhance the quality of life in mrgv

PO Box 143Socorro, NM 87801
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

42nd percentile

-2.9%

Higher net margin than 42% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

77th percentile

16%

Faster asset growth than 77% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2024

Revenue Growth

86th percentile

39%

Faster revenue growth than 86% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$25,267

Down $1,862 (-6.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$25,267

Down $1,862 (-6.9%) from 2023

Operations
Liabilities / Revenue50th percentileNet Margin42nd percentile

Revenue

Down

$64,590

Down $34,477 (-35%) from 2023

Expenses

Down

$66,452

Down $57,906 (-47%) from 2023

Net Income

Up

-$1,862

Up $23,429 (+93%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2017: $44,967Liabilities 2017: $0Net Assets 2017: $44,9672017Assets 2020: $35,841Liabilities 2020: $0Net Assets 2020: $35,8412020Assets 2021: $16,344Liabilities 2021: $0Net Assets 2021: $16,3442021Assets 2022: $52,420Liabilities 2022: $0Net Assets 2022: $52,4202022Assets 2023: $27,129Liabilities 2023: $0Net Assets 2023: $27,1292023Assets 2024: $25,267Liabilities 2024: $0Net Assets 2024: $25,2672024

Highlighted filing

2024

Assets$25,267
Liabilities$0
Net Assets$25,267
Open 2024 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2017: $59,950Expenses 2017: $39,891Net Income 2017: $20,0592017Revenue 2020: $64,447Expenses 2020: $51,221Net Income 2020: $13,2262020Revenue 2021: $24,204Expenses 2021: $43,701Net Income 2021: -$19,4972021Revenue 2022: $98,675Expenses 2022: $62,599Net Income 2022: $36,0762022Revenue 2023: $99,067Expenses 2023: $124,358Net Income 2023: -$25,2912023Revenue 2024: $64,590Expenses 2024: $66,452Net Income 2024: -$1,8622024

Highlighted filing

2024

Revenue$64,590
Expenses$66,452
Net Income-$1,862
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$25,267
Liabilities
$0
Net assets
$25,267
Revenue
$64,590
Expenses
$66,452
Net income
-$1,862
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$0.65$0.66$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.27$0.00$0.27$0.99$1.24$0.25
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$0.99$0.63$0.36
2021Detailed filing. Detailed filing data is available for this year.$0.16$0.00$0.16$0.24$0.44$0.19
2020Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.64$0.51$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$0.60$0.40$0.20
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 19, 2025
Return Version
2024v5.2
Gross Receipts
$64,590
Mission and Program Overview

Mission

To enhance the quality of life in mrgv

Program Services

DescriptionGrantsExpenses
WORKING WITH EMPLOYERS AND NEW BUSINESSES IN THE AREA TO INCREASE JOBS AND ENHANCE ECONOMIC CLIMATE$32,725$32,725
USDA/LEADS GRANT TO SUPPORT COMMUNITY KITCHEN$11,995$11,995
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
HAOYING WANGChairpersonPT$0--
MICHAEL OLGUINVice ChairpersonPT$0--
GAIL ROGERS-TRIPPSecretaryPT$0--
WENDI OTEROTreasurerPT$0--
KIM SKINNERBoard MemberPT$0--
NICK KELLERBoard MemberPT$0--
STEPHEN BUCKLEYBoard MemberPT$0--
KATHY ELVERUMBoard MemberPT$0--
WILLIAM STONEBoard Member-$0--
KRISTEN GAMBOABoard Member-$0--
BRUCE SWINGLEBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Middle Rio Grande Economic Development Association
EIN
47-3340766
In Care Of
% WENDI OTERO
Phone
5758358150
Address
PO BOX 143, Socorro, NM 87801

Signing Officer

Name
Wendi Otero
Title
Treasurer
Phone
5758358150
Signed
2025-08-19
Discuss with paid preparer
No

Preparer

Firm
Bookkeeping and Tax Service LLC
Address
PO Box 505, Socorro, NM 87801
Preparer
Wendi Otero Ea
Phone
5758350963
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountWEBSITE AND INTERNET EXP 7,325INSURANCE 1,302ADVERTISING 10,570BANK FEES 226OFFICE EXP 2,683SUPPLIES 1,184TRAVEL 442”

Raw XML Appendix157 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Socorro
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
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IRS990EZ/InfoInScheduleOPartIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KIM SKINNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5NICK KELLER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7KATHY ELVERUM
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRPERSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt023732
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO ENHANCE THE QUALITY OF LIFE IN MRGV
IRS990EZ/PrintingPublicationsPostageAmt0500
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IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0WENDI OTERO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05758358150
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-19
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ReturnHeader/Filer/BusinessNameControlTxt0MIDD
ReturnHeader/Filer/EIN0473340766
ReturnHeader/Filer/InCareOfNm0% WENDI OTERO
ReturnHeader/Filer/PhoneNum05758358150
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ReturnHeader/Filer/USAddress/CityNm0Socorro
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WENDI OTERO EA
ReturnHeader/ReturnTs02025-08-20T18:13:27-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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