Northeastern New Mexico Educational Foundation Inc.

“Description: rent income. Amount: 5,900. Description: interest income. Amount: 382. Total to form 990-ez, line 8: 6,282.”

“Description: depreciation. Amount: 3,565.”

“Description: marketing expense. Amount: 3,679. Description: bank charges. Amount: 30. Description: website. Amount: 1,065. Description: employee training. Amount: 779. Description: insurance. Amount: 1,700. Description: internet. Amount: 31. Description: office expense. Amount: 1,419. Description: payroll taxes. Amount: 5,361. Description: registration. Amount: 532. Description: supplies. Amount: 133. Description: telephone. Amount: 322. Description: travel. Amount: 688. Total to form 990-ez, line 16: 15,739.”

“Description: accounts receivable. Beg. Of year amount: 10,000. End of year amount: 2,000. Description: other depreciable assets. Beg. Of year amount: 5,491. End of year amount: 1,927.”

“Description: accounts payable. Beg. Of year amount: 204. End of year amount: 247. Description: payroll liabilities. Beg. Of year amount: 3,188. End of year amount: 6,662.”

“The organization has expanded their exempt purpose to include additional community development and anti-poverty activities beyond the educational scope of their current mission. The organization is now managing a commercial kitchen to help grow food businesses, with an emphasis on supporting micro-entrepreneurs to help them earn additional side income to support their families. The kitchen will also be utilized to advance improved nutrition, partnering with local agencies and persons that promote healthy eating. The organization has the support of a vista volunteer through new mexico economic development department. The organization is also promoting the growth of regional tourism activities to advance and diversify a severely distressed rural community. The organization continues educational support activities including becoming a certified high school equivalency testing center and assisting with hospitality training to support the large service sector employment related to tourism.”

“The organization updated its bylaws in 2018 related to its mission statement. The organization filed a 990-n in 2017 due to their gross receipts decreasing significantly from the prior year. However, the organization's previous mission as reported on the most recent 990-ez filed in 2016 was "to foster educational opportunities in northeastern new mexico." the organization expanded that mission in 2018 to "provide educational, economic and community development support and programming for northeastern new mexico." see schedule o part v line 33 explanation for description of these changes and how they relate to the organization's exempt purpose.”