Civic Intelligence

New Space New Mexico

990 • Fiscal year 2020 • EIN 84-1966957

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

2104 Dietz Place NWAlbuquerque, NM 87107

(505) 235-5141

Siviq Scores

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

Liabilities / Assets

97th percentile

0.81x

Higher debt load relative to assets than 97% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.28x

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

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Net Margin

41st percentile

5.8%

Higher net margin than 41% of similar nonprofits.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

99th percentile

$218,283

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 36.7% of source-year revenue.

2020 filings • NTEE C • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$204,943

No earlier filing loaded for comparison.

Net Assets

$39,796

No earlier filing loaded for comparison.

Liabilities

$165,147

No earlier filing loaded for comparison.

Revenue

$594,496

No earlier filing loaded for comparison.

Expenses

$559,941

No earlier filing loaded for comparison.

Net Income

$34,555

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2020: $204,943Liabilities 2020: $165,147Net Assets 2020: $39,7962020Assets 2021: $406,206Liabilities 2021: $423,869Net Assets 2021: -$17,6632021Assets 2022: $580,191Liabilities 2022: $558,941Net Assets 2022: $21,2502022Assets 2023: $742,464Liabilities 2023: $389,961Net Assets 2023: $352,5032023Assets 2024: $1,065,545Liabilities 2024: $470,920Net Assets 2024: $594,6252024

Highlighted filing

2020

Assets$204,943
Liabilities$165,147
Net Assets$39,796

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2020: $594,496Expenses 2020: $559,941Net Income 2020: $34,5552020Revenue 2021: $914,911Expenses 2021: $972,369Net Income 2021: -$57,4582021Revenue 2022: $2,056,537Expenses 2022: $2,017,624Net Income 2022: $38,9132022Revenue 2023: $2,183,745Expenses 2023: $2,081,574Net Income 2023: $102,1712023Revenue 2024: $2,458,181Expenses 2024: $2,214,895Net Income 2024: $243,2862024

Highlighted filing

2020

Revenue$594,496
Expenses$559,941
Net Income$34,555
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$594,496
Mission and Program Overview

Mission

Foster an entrepreneurial, business-focused commercial space ecosystem in new mexico by making connections, advocating for stakeholders, and preparing for the future.

Newspace new mexico is a 501 (c3) non-profit that is accelerating the pace of space innovation by uniting and igniting the industry. Through unite & ignite space, a first-of-its-kind co-innovation hub, stakeholders gain access to collaborative workspaces, programming, resources, and services that provide a more direct route to greater profitability. With three acceleration paths to choose from, innovators at small to large companies can develop and commercialize their products and solutions faster in a collaborative environment that increases market impact.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$47,239$161,540▲ $114,301
Cash and Non-Interest-Bearing Accounts-$43,385-
Rtn Earn Endowment Incm Other Fnds$5,241$39,796▲ $34,555
Savings and Temporary Cash Investments$94$18▼ $76
Total Assets$47,333$204,943▲ $157,610
Liabilities
Accounts Payable and Accrued Expenses-$129,115-
Other Liabilities$42,092$36,032▼ $6,060
Total Liabilities$42,092$165,147▲ $123,055
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,241$39,796▲ $34,555
Total Liabilities and Net Assets / Fund Balance$47,333$204,943▲ $157,610
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Casey Anglada DeraadCEOFT$216,000$2,283$218,283

Board Members and Trustees

NameTitle
Joe SciabicaChair
Barbara BrazilDirector
Gary KingDirector
Jill HalversonDirector
Donna SiergiejSecretary/tr

Highest Paid Contractors

ContractorServicesLocationCompensation
Arctos Holding LLCConsuting/mfg.1270 NORTH FAIRFIELD RD, Dayton, OH 45432$117,643
Revenue and Support

Revenue Composition

Contributions and Grants
$61,500
Program Service Revenue
$532,996
Investment Income
$0
Other Revenue
$0
All Other Contributions
$41,500
Change in Net Assets
$34,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$311,014
Other Expenses$248,927
Total Fundraising Expense$5,043
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$224,157$99-$224,256
Current Officers, Directors, Trustees, and Key Employees$154,191$60,887$3,205$218,283
Other Salaries and Wages$51,771$18,344$965$71,080
Payroll Taxes$13,152$4,677$246$18,075
Fees for Services Accounting$4,858$2,114-$6,972
Office Expenses$3,937$150$150$4,237
Insurance$1,603$1,238-$2,841
Pension Plan Contributions$2,221$244$13$2,478
Advertising$1,090$387$125$1,602
All Other Expenses$1,002$121$100$1,223
Other Employee Benefits$811$273$14$1,098
Conferences and Meetings$790--$790
Travel$272--$272
Other Expenses$25$163$125$188
Total Functional Expenses$462,785$92,113$5,043$559,941
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Joe SciabicaChairConsultingNo$117,643
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Payroll Liabilities$17,499
Loan Payable$10,000
Accrued Wages$4,843
Accrued Vacation$3,097
Accrued Payroll Taxes$593
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 12C

The board reviews and signs the conflict of interest policy annually, and discloses any conflicts of interest at this time.

Form 990, Page 6, Part VI, Line 19

Documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
New Space New Mexico
EIN
84-1966957
Phone
5052355141
Address
2104 DIETZ PLACE NW, ALBUQUERQUE, NM 87107

Signing Officer

Name
Donna Siergiej
Title
Secretary/treasurer
Phone
5052355141
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Casey Anglada Deraad
Formed
2019
Legal Domicile
Nm
Voting Board Members
5
Independent Board Members
5
Employees
3

Preparer

Firm
Pulakos Cpas Pc
Address
5921 JEFFERSON ST NE, ALBUQUERQUE, NM 87109
Preparer
Robert a Depasquale
Phone
5053381500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Newspace new mexico is a 501 (c3) non-profit that is accelerating the pace of space innovation by uniting and igniting the industry. Through unite & ignite space, a first-of-its-kind co-innovation hub, stakeholders gain access to collaborative workspaces, programming, resources, and services that provide a more direct route to greater profitability. With three acceleration paths to choose from, innovators at small to large companies can develop and commercialize their products and solutions faster in a collaborative environment that increases market impact.

Form 990, Page 2, Part III, Line 4D

Space opportunities study follow-on: newspace new mexico accomplished the following in support of the university of new mexico for the department of defense space organization to provide partners with direct and faster access to the right connections, resources, and customers to grow space industry capabilities from new mexico for the nation to include space stakeholder engagements, augmenting the innovation pipeline, 3. Building nsnm connector capabilities, and 4. Understanding the technical and programmatic needs of the oga. We made significant progress in each of these areas and were able to leverage additional funding from afrl and corporate sponsorships to conduct activities and achieve accomplishments that benefit the oga.

Form 990, Part IX, Line 11G

CONTRACTORS 224,157 99 0

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0SPACE OPPORTUNITIES STUDY FOLLOW-ON: NEWSPACE NEW MEXICO ACCOMPLISHED THE FOLLOWING IN SUPPORT OF THE UNIVERSITY OF NEW MEXICO FOR THE DEPARTMENT OF DEFENSE SPACE ORGANIZATION TO PROVIDE PARTNERS WITH DIRECT AND FASTER ACCESS TO THE RIGHT CONNECTIONS, RESOURCES, AND CUSTOMERS TO GROW SPACE INDUSTRY CAPABILITIES FROM NEW MEXICO FOR THE NATION TO INCLUDE SPACE STAKEHOLDER ENGAGEMENTS, AUGMENTING THE INNOVATION PIPELINE, 3. BUILDING NSNM CONNECTOR CAPABILITIES, AND 4. UNDERSTANDING THE TECHNICAL AND PROGRAMMATIC NEEDS OF THE OGA. WE MADE SIGNIFICANT PROGRESS IN EACH OF THESE AREAS AND WERE ABLE TO LEVERAGE ADDITIONAL FUNDING FROM AFRL AND CORPORATE SPONSORSHIPS TO CONDUCT ACTIVITIES AND ACHIEVE ACCOMPLISHMENTS THAT BENEFIT THE OGA.
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED VACATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED PAYROLL TAXES
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JOE SCIABICA
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0CONSULTING
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0SCHEDULE L, PART IV, LINE 1, COLUMN D JOE SCIABICA SERVES AS THE CHAIR ON THE BOARD OF NEW SPACE NEW MEXICO AND IS ALSO THE CHIEF TECHNOLOGY OFFICER OF ARCTOS HOLDINGS, LLC. ARCTOS PROVIDED CONSULTING SERVICES TO NEW SPACE NEW MEXICO DURING THE 2020 TAX YEAR.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NEWSPACE NEW MEXICO IS A 501 (C3) NON-PROFIT THAT IS ACCELERATING THE PACE OF SPACE INNOVATION BY UNITING AND IGNITING THE INDUSTRY. THROUGH UNITE & IGNITE SPACE, A FIRST-OF-ITS-KIND CO-INNOVATION HUB, STAKEHOLDERS GAIN ACCESS TO COLLABORATIVE WORKSPACES, PROGRAMMING, RESOURCES, AND SERVICES THAT PROVIDE A MORE DIRECT ROUTE TO GREATER PROFITABILITY. WITH THREE ACCELERATION PATHS TO CHOOSE FROM, INNOVATORS AT SMALL TO LARGE COMPANIES CAN DEVELOP AND COMMERCIALIZE THEIR PRODUCTS AND SOLUTIONS FASTER IN A COLLABORATIVE ENVIRONMENT THAT INCREASES MARKET IMPACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SPACE OPPORTUNITIES STUDY FOLLOW-ON: NEWSPACE NEW MEXICO ACCOMPLISHED THE FOLLOWING IN SUPPORT OF THE UNIVERSITY OF NEW MEXICO FOR THE DEPARTMENT OF DEFENSE SPACE ORGANIZATION TO PROVIDE PARTNERS WITH DIRECT AND FASTER ACCESS TO THE RIGHT CONNECTIONS, RESOURCES, AND CUSTOMERS TO GROW SPACE INDUSTRY CAPABILITIES FROM NEW MEXICO FOR THE NATION TO INCLUDE SPACE STAKEHOLDER ENGAGEMENTS, AUGMENTING THE INNOVATION PIPELINE, 3. BUILDING NSNM CONNECTOR CAPABILITIES, AND 4. UNDERSTANDING THE TECHNICAL AND PROGRAMMATIC NEEDS OF THE OGA. WE MADE SIGNIFICANT PROGRESS IN EACH OF THESE AREAS AND WERE ABLE TO LEVERAGE ADDITIONAL FUNDING FROM AFRL AND CORPORATE SPONSORSHIPS TO CONDUCT ACTIVITIES AND ACHIEVE ACCOMPLISHMENTS THAT BENEFIT THE OGA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD REVIEWS AND SIGNS THE CONFLICT OF INTEREST POLICY ANNUALLY, AND DISCLOSES ANY CONFLICTS OF INTEREST AT THIS TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACTORS 224,157 99 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW SPACE NEW MEXICO
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ReturnHeader/Filer/USAddress/AddressLine1Txt02104 DIETZ PLACE NW

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