Civic Intelligence

Northern New Mexico College Foundation

EIN 74-2835828 • 501(c)3 • Espanola, NM

Profile

Increase, manage and distribute resources for the benefit of the students, the college and the community.

921 N Paseo DE OnateEspanola, NM 87532

foundation.nnmc.edu

Siviq Scores

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

Liabilities / Assets

21st percentile

0.04x

Higher debt load relative to assets than 21% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

39th percentile

0.23x

Higher debt load relative to revenue than 39% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2025

Net Margin

96th percentile

67%

Higher net margin than 96% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

62nd percentile

$210,342

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 10.1% of source-year revenue.

NTEE B • $10M-$25M nonprofits • Source year 2025

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

90%

Faster revenue growth than 93% of similar nonprofits.

NTEE B • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$12,301,779

Up $1,579,402 (+15%) from 2024

Liabilities

Up

$473,133

Up $184,588 (+64%) from 2024

Net Assets

Up

$11,828,646

Up $1,394,814 (+13%) from 2024

Operations
Liabilities / Revenue39th percentileNet Margin96th percentile

Revenue

Up

$2,079,740

Up $983,206 (+90%) from 2024

Expenses

Up

$684,926

Up $403,503 (+143%) from 2024

Net Income

Up

$1,394,814

Up $579,703 (+71%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$15M$10M$5.0M$0Assets 2010: $3,203,588Liabilities 2010: $306,024Net Assets 2010: $2,897,5642010Assets 2011: $3,543,219Liabilities 2011: $111,925Net Assets 2011: $3,431,2942011Assets 2012: $3,644,883Liabilities 2012: $222,272Net Assets 2012: $3,422,6112012Assets 2013: $3,373,656Liabilities 2013: $36,209Net Assets 2013: $3,337,4472013Assets 2014: $3,469,967Liabilities 2014: $5,499Net Assets 2014: $3,464,4682014Assets 2015: $3,486,413Liabilities 2015: $13,433Net Assets 2015: $3,472,9802015Assets 2016: $3,645,244Liabilities 2016: $15,553Net Assets 2016: $3,629,6912016Assets 2017: $3,986,788Liabilities 2017: $170,677Net Assets 2017: $3,816,1112017Assets 2018: $4,244,179Liabilities 2018: $271,798Net Assets 2018: $3,972,3812018Assets 2019: $4,801,451Liabilities 2019: $846,801Net Assets 2019: $3,954,6502019Assets 2020: $4,665,581Liabilities 2020: $390,283Net Assets 2020: $4,275,2982020Assets 2021: $5,756,776Liabilities 2021: $568,925Net Assets 2021: $5,187,8512021Assets 2022: $4,887,199Liabilities 2022: $244,457Net Assets 2022: $4,642,7422022Assets 2023: $9,926,404Liabilities 2023: $307,683Net Assets 2023: $9,618,7212023Assets 2024: $10,722,377Liabilities 2024: $288,545Net Assets 2024: $10,433,8322024Assets 2025: $12,301,779Liabilities 2025: $473,133Net Assets 2025: $11,828,6462025

Highlighted filing

2025

Assets$12,301,779
Liabilities$473,133
Net Assets$11,828,646
Open 2025 Filing

Operations Trend

Revenue Growth93rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $127,7112010Expenses 2011: $98,2572011Expenses 2012: $139,3852012Expenses 2013: $251,0172013Revenue 2014: $131,396Expenses 2014: $176,993Net Income 2014: -$45,5972014Revenue 2015: $189,186Expenses 2015: $173,047Net Income 2015: $16,1392015Revenue 2016: $271,632Expenses 2016: $188,647Net Income 2016: $82,9852016Revenue 2017: $162,015Expenses 2017: $217,743Net Income 2017: -$55,7282017Revenue 2018: $390,323Expenses 2018: $230,309Net Income 2018: $160,0142018Revenue 2019: $357,192Expenses 2019: $174,426Net Income 2019: $182,7662019Revenue 2020: $535,977Expenses 2020: $261,355Net Income 2020: $274,6222020Revenue 2021: $864,071Expenses 2021: $269,382Net Income 2021: $594,6892021Revenue 2022: $257,566Expenses 2022: $335,133Net Income 2022: -$77,5672022Revenue 2023: $5,439,336Expenses 2023: $463,357Net Income 2023: $4,975,9792023Revenue 2024: $1,096,534Expenses 2024: $281,423Net Income 2024: $815,1112024Revenue 2025: $2,079,740Expenses 2025: $684,926Net Income 2025: $1,394,8142025

Highlighted filing

2025

Revenue$2,079,740
Expenses$684,926
Net Income$1,394,814
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,301,779
Liabilities
$473,133
Net assets
$11,828,646
Revenue
$2,079,740
Expenses
$684,926
Net income
$1,394,814
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.3$0.47$11.8$2.08$0.68$1.39
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$0.29$10.4$1.10$0.28$0.82
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.93$0.31$9.62$5.44$0.46$4.98
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.89$0.24$4.64$0.26$0.34$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.76$0.57$5.19$0.86$0.27$0.59
2020Summary only. Only limited summary data is available for this year.$4.67$0.39$4.28$0.54$0.26$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.80$0.85$3.95$0.36$0.17$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.27$3.97$0.39$0.23$0.16
2017Summary only. Only limited summary data is available for this year.$3.99$0.17$3.82$0.16$0.22$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$0.02$3.63$0.27$0.19$0.08
2015Summary only. Only limited summary data is available for this year.$3.49$0.01$3.47$0.19$0.17$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.47$0.01$3.46$0.13$0.18$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.04$3.34$0.25
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.22$3.42$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.54$0.11$3.43$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.31$2.90$0.13
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 22, 2026
Return Version
2024v5.2
Gross Receipts
$2,079,740
Mission and Program Overview

Mission

Increase, manage, and distribute resources for the benefit of the students, the college, and the community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,762,354$11,260,565▲ $1,498,211
Cash and Non-Interest-Bearing Accounts$960,023$1,011,222▲ $51,199
Accounts Receivable-$29,992-
Total Assets$10,722,377$12,301,779▲ $1,579,402
Liabilities
Other Liabilities$288,545$473,133▲ $184,588
Total Liabilities$288,545$473,133▲ $184,588
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,601,127$12,240,218▲ $1,639,091
Net Assets Without Donor Restrictions$-167,295$-411,572▼ $244,277
Total Net Assets Fund Balance$10,433,832$11,828,646▲ $1,394,814
Total Liabilities and Net Assets / Fund Balance$10,722,377$12,301,779▲ $1,579,402

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$9,762,354$557,050▲ $1,093,450-$11,260,565
2023$8,776,294$230,144▲ $971,851-$9,762,354
2022$3,768,894$5,213,305▲ $35,169-$8,776,294
2021$4,102,301$154,554▼ $362,801-$3,768,894
2020$3,959,047-▲ $471,949$303,695$4,102,301
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleOtherTotal
Hector BalderasEx-officio$210,342$210,342
Theresa StoreyCFO$119,667$119,667

Board Members and Trustees

NameTitle
Alfred HerreraPresident
James OwenBoard Member
Leo ValdezBoard Member
Dolores GuruleStudent Board Member
Hector BalderasExofficio
Tania SanchezVpsectreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,106,835
Program Service Revenue
$0
Investment Income
$972,905
Other Revenue
$0
All Other Contributions
$606,835
Change in Net Assets
$1,394,814

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$26,637Fair Market Value (FMV)
Total Noncash Contributions2$26,637-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,079,740
Total Revenue per Audited Statements
$2,079,740
Total Revenue per Form 990
$2,079,740
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$492,479
Grants and Similar Amounts Paid$192,447
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$492,479--$492,479
Grants to Domestic Individuals$192,447--$192,447
Total Functional Expenses$684,926$0$0$684,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$684,926
Total Expenses per Audited Statements$684,926
Total Expenses per Form 990$684,926
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
Due to Northern New Mexico College$473,133
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

“The board is provided a copy of the form 990 after review by the ex-officio members and prior to releasing the return to the irs.”

Conflict of interest policy compliance Part VI line 12C

“Enforcement of conflicts policy each trustee is required to review the conflict of interest policy annually. They must document any conflict and sign the policy if a conflict exists, the person with such conflict is not allowed to vote on the transaction. There have been no incidencts of conflict during the reporting year.”

Governing documents etc available to public Part VI line 19

“Governing documents disclosure explanation the audited financial statements, conflict of interest policy, and all other governing and organizing documents are available for public inspection upon request. The financial statements are also available on the state auditors website.”

Filing and Contact Details

Filer

Filer Name
Northern New Mexico College Foundation
EIN
74-2835828
In Care Of
% THERESA STOREY
Phone
5057475050
Address
921 N PASEO DE ONATE, ESPANOLA, NM 87532

Signing Officer

Name
Theresa Storey
Title
CFO
Phone
5057475050
Signed
2026-01-22
Discuss with paid preparer
No

Organization Details

Principal Officer
Alfred Herrera
Formed
1997
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
4

Preparer

Firm
Tkm LLC
Address
6747 Academy Road NE Ste A, Albuquerque, NM 87109
Preparer
Daniel O Trujillo CPA
Phone
5058225100
Supplemental Narrative

Financial Statement Notes

Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)

“The income generated by the college, as an instrumentality of the state of new mexico, generally is excluded from federal income taxes under section 115(a) of the internal revenue code. However, the college is subject to taxation on income derived from business activities not substantially related to the colleges exempt function (unrelated business income under internal revenue code section 511); such income is taxed at the normal corporate rate. Contributions to the college are deductible by donors as provided under section 170 of the internal revenue code.”

Raw XML AppendixShowing 400 of 422 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME GENERATED BY THE COLLEGE, AS AN INSTRUMENTALITY OF THE STATE OF NEW MEXICO, GENERALLY IS EXCLUDED FROM FEDERAL INCOME TAXES UNDER SECTION 115(A) OF THE INTERNAL REVENUE CODE. HOWEVER, THE COLLEGE IS SUBJECT TO TAXATION ON INCOME DERIVED FROM BUSINESS ACTIVITIES NOT SUBSTANTIALLY RELATED TO THE COLLEGES EXEMPT FUNCTION (UNRELATED BUSINESS INCOME UNDER INTERNAL REVENUE CODE SECTION 511); SUCH INCOME IS TAXED AT THE NORMAL CORPORATE RATE. CONTRIBUTIONS TO THE COLLEGE ARE DEDUCTIBLE BY DONORS AS PROVIDED UNDER SECTION 170 OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740)
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS PROVIDED A COPY OF THE FORM 990 AFTER REVIEW BY THE EX-OFFICIO MEMBERS AND PRIOR TO RELEASING THE RETURN TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT OF CONFLICTS POLICY EACH TRUSTEE IS REQUIRED TO REVIEW THE CONFLICT OF INTEREST POLICY ANNUALLY. THEY MUST DOCUMENT ANY CONFLICT AND SIGN THE POLICY IF A CONFLICT EXISTS, THE PERSON WITH SUCH CONFLICT IS NOT ALLOWED TO VOTE ON THE TRANSACTION. THERE HAVE BEEN NO INCIDENCTS OF CONFLICT DURING THE REPORTING YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND ALL OTHER GOVERNING AND ORGANIZING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE STATE AUDITORS WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing documents etc available to public Part VI line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0THERESA STOREY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum05057475050
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORTHERN NEW MEXICO COLLEGE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0NORT

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