Civic Intelligence

New Mexico Highlands University

EIN 75-0121368 • 501(c)3 • Las Vegas, NM

Profile

The mission of the new mexico highlands university foundation is to provide support to benefit students of the university and the university as a whole through the acquisition, development, and administration of financial and other resources.

Box 9000Las Vegas, NM 87701

www.nmhufoundation.org

Siviq Scores

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

Liabilities / Assets

48th percentile

0.16x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

82nd percentile

1.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

90th percentile

52%

Higher net margin than 90% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

92nd percentile

88%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$34,655,523

Up $9,756,714 (+39%) from 2024

Liabilities

Up

$13,428,016

Up $8,771,946 (+188%) from 2024

Net Assets

Up

$21,227,507

Up $984,768 (+4.9%) from 2024

Operations
Liabilities / Revenue82nd percentileNet Margin90th percentile

Revenue

Down

$1,725,670

Down $150,240 (-8.0%) from 2024

Expenses

Down

$1,485,424

Down $6,388 (-0.4%) from 2024

Net Income

Down

$240,246

Down $143,852 (-37%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

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

$40M$30M$20M$10M$0Assets 2010: $7,773,015Liabilities 2010: $2,109,023Net Assets 2010: $5,663,9922010Assets 2011: $8,401,284Liabilities 2011: $2,119,079Net Assets 2011: $6,282,2052011Assets 2012: $8,761,937Liabilities 2012: $2,409,207Net Assets 2012: $6,352,7302012Assets 2013: $12,352,596Liabilities 2013: $2,827,378Net Assets 2013: $9,525,2182013Assets 2014: $13,303,396Liabilities 2014: $2,960,279Net Assets 2014: $10,343,1172014Assets 2015: $13,680,088Liabilities 2015: $2,858,399Net Assets 2015: $10,821,6892015Assets 2016: $14,309,021Liabilities 2016: $2,660,752Net Assets 2016: $11,648,2692016Assets 2017: $15,538,607Liabilities 2017: $3,121,730Net Assets 2017: $12,416,8772017Assets 2018: $16,647,220Liabilities 2018: $3,645,729Net Assets 2018: $13,001,4912018Assets 2019: $17,313,174Liabilities 2019: $3,532,427Net Assets 2019: $13,780,7472019Assets 2020: $18,242,034Liabilities 2020: $3,353,864Net Assets 2020: $14,888,1702020Assets 2021: $21,680,797Liabilities 2021: $3,749,233Net Assets 2021: $17,931,5642021Assets 2022: $20,264,132Liabilities 2022: $3,591,970Net Assets 2022: $16,672,1622022Assets 2023: $22,544,225Liabilities 2023: $3,621,718Net Assets 2023: $18,922,5072023Assets 2024: $24,898,809Liabilities 2024: $4,656,070Net Assets 2024: $20,242,7392024Assets 2025: $34,655,523Liabilities 2025: $13,428,016Net Assets 2025: $21,227,5072025

Highlighted filing

2025

Assets$34,655,523
Liabilities$13,428,016
Net Assets$21,227,507
Open 2025 Filing

Operations Trend

Revenue Growth92nd percentile

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

$4.0M$3.0M$2.0M$1.0M$0Expenses 2010: $1,114,8522010Expenses 2011: $1,185,8502011Expenses 2012: $1,054,6292012Expenses 2013: $1,187,1112013Revenue 2014: $1,249,293Expenses 2014: $973,900Net Income 2014: $275,3932014Revenue 2015: $1,548,956Expenses 2015: $1,077,402Net Income 2015: $471,5542015Revenue 2016: $1,911,623Expenses 2016: $1,083,735Net Income 2016: $827,8882016Revenue 2017: $1,626,100Expenses 2017: $1,008,377Net Income 2017: $617,7232017Revenue 2018: $1,384,883Expenses 2018: $925,658Net Income 2018: $459,2252018Revenue 2019: $1,534,897Expenses 2019: $894,317Net Income 2019: $640,5802019Revenue 2020: $2,281,616Expenses 2020: $826,838Net Income 2020: $1,454,7782020Revenue 2021: $2,216,109Expenses 2021: $700,705Net Income 2021: $1,515,4042021Revenue 2022: $1,758,292Expenses 2022: $1,688,390Net Income 2022: $69,9022022Revenue 2023: $3,310,694Expenses 2023: $1,592,581Net Income 2023: $1,718,1132023Revenue 2024: $1,875,910Expenses 2024: $1,491,812Net Income 2024: $384,0982024Revenue 2025: $1,725,670Expenses 2025: $1,485,424Net Income 2025: $240,2462025

Highlighted filing

2025

Revenue$1,725,670
Expenses$1,485,424
Net Income$240,246
Open 2025 Filing

Filings

Most recent year

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

Open filing
Assets
$34,655,523
Liabilities
$13,428,016
Net assets
$21,227,507
Revenue
$1,725,670
Expenses
$1,485,424
Net income
$240,246
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$34.7$13.4$21.2$1.73$1.49$0.24
2024Detailed filing. Detailed filing data is available for this year.$24.9$4.66$20.2$1.88$1.49$0.38
2023Detailed filing. Detailed filing data is available for this year.$22.5$3.62$18.9$3.31$1.59$1.72
2022Detailed filing. Detailed filing data is available for this year.$20.3$3.59$16.7$1.76$1.69$0.07
2021Detailed filing. Detailed filing data is available for this year.$21.7$3.75$17.9$2.22$0.70$1.52
2020Detailed filing. Detailed filing data is available for this year.$18.2$3.35$14.9$2.28$0.83$1.45
2019Detailed filing. Detailed filing data is available for this year.$17.3$3.53$13.8$1.53$0.89$0.64
2018Detailed filing. Detailed filing data is available for this year.$16.6$3.65$13.0$1.38$0.93$0.46
2017Detailed filing. Detailed filing data is available for this year.$15.5$3.12$12.4$1.63$1.01$0.62
2016Detailed filing. Detailed filing data is available for this year.$14.3$2.66$11.6$1.91$1.08$0.83
2015Detailed filing. Detailed filing data is available for this year.$13.7$2.86$10.8$1.55$1.08$0.47
2014Detailed filing. Detailed filing data is available for this year.$13.3$2.96$10.3$1.25$0.97$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$2.83$9.53$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.76$2.41$6.35$1.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.40$2.12$6.28$1.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.77$2.11$5.66$1.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 9, 2026
Return Version
2024v5.5
Gross Receipts
$1,933,279
Mission and Program Overview

Mission

The organization is dedicated to the support of new mexico highlands university. It's purpose is to solicit, receive and manage contributions for the benefit of the university and its students.

To support students of the university and support the nm highlands university as a whole through the acquisition, development, and administration of financial and other resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,663,890$2,143,333▼ $520,557
Savings and Temporary Cash Investments$1,000,000$1,250,000▲ $250,000
Cash and Non-Interest-Bearing Accounts$1,022,589$798,712▼ $223,877
Investments Program Related$676,899$676,899→ $0
Land, Buildings, and Equipment, Net$283,959$283,959→ $0
Prepaid Expenses and Deferred Charges$12,159$39,225▲ $27,066
Accounts Receivable$14,270$0▼ $14,270
Total Assets$24,898,809$34,655,523▲ $9,756,714
Other Assets Total$19,225,043$29,463,395▲ $10,238,352
Liabilities
Other Liabilities$3,897,216$12,780,237▲ $8,883,021
Mortgage Notes Payable Secured by Investment Property$464,473$368,729▼ $95,744
Accounts Payable and Accrued Expenses$294,381$279,050▼ $15,331
Total Liabilities$4,656,070$13,428,016▲ $8,771,946
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,933,406$11,964,861▲ $1,031,455
Net Assets Without Donor Restrictions$9,309,333$9,262,646▼ $46,687
Total Net Assets Fund Balance$20,242,739$21,227,507▲ $984,768
Total Liabilities and Net Assets / Fund Balance$24,898,809$34,655,523▲ $9,756,714

Asset Categories

AssetBook ValueDepreciationBasis
Land$283,959-$283,959
Other Assets Org$22,764,706--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$13,151,236$8,323,610▲ $2,239,254$139,575$23,283,604
2023$10,374,326$1,324,272▲ $1,858,891$119,283$13,151,236
2022$9,292,702$328,358▲ $989,175$112,621$10,374,326
2021$11,246,139$838,895▼ $1,891,623$676,899$9,292,702
2020$8,880,558$101,896▲ $2,532,039$103,627$11,246,139
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Vince MarchiPresident
Paul CassidyVice President
Dr James AbreuDirector
Ernesto FresquezDirector
James SouthDirector
Leah Saiz-wolffDirector
Louella-marr MontoyaDirector
Natalie MarrjuoDirector
Roman RomeroDirector
Shari JonesDirector
Victoria SanchezDirector
Viola MartinezDirector
Dr Paul GrindstaffExectutive VP/Director
Jeannae LegerSecretary
Felicia OrtizTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,241,680
Program Service Revenue
$0
Investment Income
$517,243
Other Revenue
$-33,253
All Other Contributions
$1,235,225
Change in Net Assets
$240,246

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
Works of Art5$288,600Comparable Sales
Total Noncash Contributions5$288,600-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,618,046
Revenue Not Reported on Financial Statements
$107,624
Revenue Not Reported on Form 990
$1,603,481
Total Revenue per Audited Statements
$3,221,527
Total Revenue per Form 990
$1,725,670
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$922,159
Other Expenses$563,265
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$922,159--$922,159
Fees for Services Other$3,789$204,662-$208,451
Office Expenses-$134,407-$134,407
Fees for Service Investment Mgmnt Fees-$114,386-$114,386
Fees for Services Accounting-$81,000-$81,000
Interest-$17,852-$17,852
Travel-$11,875-$11,875
Conferences and Meetings$1,318$1,643-$2,961
Other Expenses-$-7,667-$-7,667
Total Functional Expenses$927,266$558,158$0$1,485,424

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,236,759
Total Expenses per Form 990$1,485,424
Expenses per Audited Statements$1,377,800
Expenses Not Reported on Form 990$858,959
Expenses Not Reported on Financial Statements$107,624
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Mexico Highlands UniversityLas Vegas, NM-Other University Support$485,867
New Mexico Highlands UniversityLas Vegas, NM-Scholarships and Research Grants for Students$268,185
New Mexico Highlands UniversityLas Vegas, NM-Grant Fulfillment Contract Svcs Expenditures$168,107
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$207,609
Fundraising Gross Income$156,562
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Banquet & Other Events$156,562$156,562$144,150$12,412
Total Events$156,562$156,562$207,609$-51,047
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Assets in Trust for Others$12,780,237
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
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
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 form 990 is initially reviewed by the finance officer and executive director. The full board is then provided the form 990 to review .”

Form 990, Part VI, Section B, Line 12C

“Existence of any conflicts of interest shall be disclosed before any transaction is consumated. It shall be the continuing responsiblity of the board, officers, adn management employees to scrutinize their transactions and outside business interests and relationship for potential conflicts and to immediately make such disclosures. This process is conducted at least annually.”

Form 990, Part VI, Section B, Line 15

“The organization has no employees. The executive director and others who work for the organization are hired by, and are paid by, the new mexico highlands university.”

Form 990, Part VI, Section C, Line 18

“The organization's form 1023 and 990 are available upon request. The form 990 is also available to the public through guidestar at www.guidestar.org.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, financial statements and conflict of interest policy available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
New Mexico Highlands University
EIN
75-0121368
Phone
5054543039
Address
BOX 9000, LAS VEGAS, NM 87701

Signing Officer

Name
Paul Grindstaff
Title
Executive Director
Phone
5054543039
Signed
2026-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Grindstaff
Formed
1984
Legal Domicile
Nm
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
10

Preparer

Firm
Cri Advisors LLC
Address
2424 LOUISIANA BLVD NE STE 300, ALBUQUERQUE, NM 87110
Preparer
Alyson Noell
Phone
5058832727
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracts/services rendered: program service expenses 3,789. Management and general expenses 121,372. Fundraising expenses 0. Total expenses 125,161. Professional fees / consulting: program service expenses 0. Management and general expenses 83,290. Fundraising expenses 0. Total expenses 83,290.”

FORM 990, PART XII, LINE 2C:

“The organization's finance committee assumes responsibility for the oversight of the audit process and selection of the independent accountant is made by the nm highlands university board. This process has not changed from the prior year.”

Financial Statement Notes

PART III, LINE 4:

“The dr. Bell & talbot print collection is a wide-ranging collection of art and prints from both well-known and emerging artists. The collection allows the organization to exhibit this artwork to the unversity student body, provide the basis for an on-going lecture series, and further develop the organization's cultural assets necessary as an institution of higher education. In addition to the dr. Bell & talbot collection, the organization has received artwork from other donors that contribute to its cultural assets and are exhibited.”

PART IV, LINE 1B:

“The organization holds endowment funds specifically marked for use by new mexico highlands university (nmhu) - additions are comprised of earnings and investment appreciation/depreciation and distributions represent amounts given to nmhu for its scholarship fund.”

PART IV, LINE 2B:

“The organization holds endowment funds specifically marked for use by new mexico highlands university (nmhu) - additions are comprised of earnings and investment appreciation/depreciation and distributions represent amounts given to nmhu for its scholarship fund.”

PART V, LINE 4:

“The organization's endowment fund is used to provide scholarships to students and promote faculty advancement and university support.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Reclassed direct fundraising expenses 197,561.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Reclassed direct fundraising expenses 197,561.”

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IRS990/MissionDesc0THE MISSION OF THE NEW MEXICO HIGHLANDS UNIVERSITY FOUNDATION IS TO PROVIDE SUPPORT TO BENEFIT STUDENTS OF THE UNIVERSITY AND THE UNIVERSITY AS A WHOLE THROUGH THE ACQUISITION, DEVELOPMENT, AND ADMINISTRATION OF FINANCIAL AND OTHER RESOURCES.
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