Civic Intelligence

New Mexico Tech Foundation

EIN 85-0194323 • 501(c)3 • Socorro, NM

Profile

The foundation is organized to promote and advance the interests of the new mexico institute of mining and technology by making funds available for institutional support and scholarships.

801 Leroy PlaceSocorro, NM 87801

n/A

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

17th percentile

0.06x

Higher debt load relative to revenue than 17% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

7th percentile

-33%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

74th percentile

$396,084

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 14.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

51st percentile

5.2%

Faster asset growth than 51% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

11th percentile

-21%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$43,864,530

Up $2,827,383 (+6.9%) from 2023

Liabilities

Down

$214,882

Down $73,015 (-25%) from 2023

Net Assets

Up

$43,649,648

Up $2,900,398 (+7.1%) from 2023

Operations
Liabilities / Revenue17th percentileNet Margin7th percentile

Revenue

Down

$3,416,400

Down $2,528,635 (-43%) from 2023

Expenses

Down

$3,160,865

Down $548,047 (-15%) from 2023

Net Income

Down

$255,535

Down $1,980,588 (-89%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

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

$60M$40M$20M$0Assets 2010: $18,717,060Liabilities 2010: $1,406,938Net Assets 2010: $17,310,1222010Assets 2011: $20,524,750Liabilities 2011: $907,002Net Assets 2011: $19,617,7482011Assets 2012: $20,362,328Liabilities 2012: $1,190,435Net Assets 2012: $19,171,8932012Assets 2013: $22,182,653Liabilities 2013: $1,357,866Net Assets 2013: $20,824,7872013Assets 2014: $27,118,051Liabilities 2014: $2,444,127Net Assets 2014: $24,673,9242014Assets 2015: $26,579,693Liabilities 2015: $1,841,199Net Assets 2015: $24,738,4942015Assets 2016: $26,777,062Liabilities 2016: $2,336,944Net Assets 2016: $24,440,1182016Assets 2017: $25,261,134Liabilities 2017: $122,385Net Assets 2017: $25,138,7492017Assets 2018: $28,077,473Liabilities 2018: $1,409,242Net Assets 2018: $26,668,2312018Assets 2019: $27,876,666Liabilities 2019: $40,969Net Assets 2019: $27,835,6972019Assets 2020: $29,029,841Liabilities 2020: $658,956Net Assets 2020: $28,370,8852020Assets 2021: $40,798,875Liabilities 2021: $198Net Assets 2021: $40,798,6772021Assets 2022: $38,498,574Liabilities 2022: $1,861,274Net Assets 2022: $36,637,3002022Assets 2023: $41,037,147Liabilities 2023: $287,897Net Assets 2023: $40,749,2502023Assets 2024: $43,864,530Liabilities 2024: $214,882Net Assets 2024: $43,649,6482024

Highlighted filing

2024

Assets$43,864,530
Liabilities$214,882
Net Assets$43,649,648
Open 2024 Filing

Operations Trend

Revenue Growth11th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,670,6612010Expenses 2011: $1,169,4042011Expenses 2012: $1,327,2412012Revenue 2013: $233,739Expenses 2013: $1,152,689Net Income 2013: -$918,9502013Revenue 2014: $1,528,630Expenses 2014: $1,383,218Net Income 2014: $145,4122014Revenue 2015: $2,296,243Expenses 2015: $3,210,618Net Income 2015: -$914,3752015Revenue 2016: $1,922,883Expenses 2016: $2,406,177Net Income 2016: -$483,2942016Revenue 2017: $840,049Expenses 2017: $2,202,010Net Income 2017: -$1,361,9612017Revenue 2018: $2,520,315Expenses 2018: $2,473,154Net Income 2018: $47,1612018Revenue 2019: $1,614,538Expenses 2019: $1,964,174Net Income 2019: -$349,6362019Revenue 2020: $1,877,558Expenses 2020: $2,160,691Net Income 2020: -$283,1332020Revenue 2021: $7,982,677Expenses 2021: $2,609,363Net Income 2021: $5,373,3142021Revenue 2022: $2,517,298Expenses 2022: $3,211,554Net Income 2022: -$694,2562022Revenue 2023: $5,945,035Expenses 2023: $3,708,912Net Income 2023: $2,236,1232023Revenue 2024: $3,416,400Expenses 2024: $3,160,865Net Income 2024: $255,5352024

Highlighted filing

2024

Revenue$3,416,400
Expenses$3,160,865
Net Income$255,535
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$43,864,530
Liabilities
$214,882
Net assets
$43,649,648
Revenue
$3,416,400
Expenses
$3,160,865
Net income
$255,535
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$43.9$0.21$43.6$3.42$3.16$0.26
2023Detailed filing. Detailed filing data is available for this year.$41.0$0.29$40.7$5.95$3.71$2.24
2022Detailed filing. Detailed filing data is available for this year.$38.5$1.86$36.6$2.52$3.21$0.69
2021Detailed filing. Detailed filing data is available for this year.$40.8$0.00$40.8$7.98$2.61$5.37
2020Detailed filing. Detailed filing data is available for this year.$29.0$0.66$28.4$1.88$2.16$0.28
2019Summary only. Only limited summary data is available for this year.$27.9$0.04$27.8$1.61$1.96$0.35
2018Detailed filing. Detailed filing data is available for this year.$28.1$1.41$26.7$2.52$2.47$0.05
2017Detailed filing. Detailed filing data is available for this year.$25.3$0.12$25.1$0.84$2.20$1.36
2016Detailed filing. Detailed filing data is available for this year.$26.8$2.34$24.4$1.92$2.41$0.48
2015Detailed filing. Detailed filing data is available for this year.$26.6$1.84$24.7$2.30$3.21$0.91
2014Detailed filing. Detailed filing data is available for this year.$27.1$2.44$24.7$1.53$1.38$0.15
2013Summary only. Only limited summary data is available for this year.$22.2$1.36$20.8$0.23$1.15$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.4$1.19$19.2$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$0.91$19.6$1.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$1.41$17.3$1.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$3,416,400
Mission and Program Overview

Mission

The foundation is organized to promote and advance the interests of the new mexico institute of mining and technology by making funds available for institutional support and scholarships.

Promote and advance the interests of the new mexico institute of mining and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$27,486,644$22,451,717▼ $5,034,927
Investments Other Securities$10,270,204$17,481,286▲ $7,211,082
Cash and Non-Interest-Bearing Accounts$1,026,593$2,044,975▲ $1,018,382
Land, Buildings, and Equipment, Net$1,196,667$1,129,799▼ $66,868
Pledges and Grants Receivable$711,817$512,809▼ $199,008
Savings and Temporary Cash Investments$68,573$68,747▲ $174
Prepaid Expenses and Deferred Charges$1,382$0▼ $1,382
Total Assets$41,037,147$43,864,530▲ $2,827,383
Other Assets Total$275,267$175,197▼ $100,070
Liabilities
Other Liabilities$273,522$214,834▼ $58,688
Accounts Payable and Accrued Expenses$14,375$48▼ $14,327
Total Liabilities$287,897$214,882▼ $73,015
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$21,610,764$22,956,886▲ $1,346,122
Net Assets With Donor Restrictions$19,138,486$20,692,762▲ $1,554,276
Total Net Assets Fund Balance$40,749,250$43,649,648▲ $2,900,398
Total Liabilities and Net Assets / Fund Balance$41,037,147$43,864,530▲ $2,827,383

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$562,199$1,293,992$1,648,127
Other Land Buildings$332,500--
Land$235,100--
Other Securities$6,876,768--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$17,941,819$622,893▲ $1,640,639-$19,562,963
2022$14,577,975$5,068,102▼ $1,347,251-$17,941,819
2021$15,467,826$1,555,980▼ $2,092,836-$14,577,975
2020$7,593,310$5,852,582▲ $2,316,328-$15,467,826
2019$7,099,595$222,788▲ $411,387-$7,593,310
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Clinton MarrsPresident
Jeffrey CoreyVice President
Colleen FosterExecutive Director
Cindy ArditoTrustee
Dr Mahyar AmouzegarTrustee
Dr Nelia DunbarTrustee
Dr Raul DejuTrustee
Geraldine RiveraTrustee
Jerry a ArmijoTrustee
Joanna DebrineTrustee
Lisa NoellTrustee
Raven GoswickTrustee
Richard CervantesTrustee
William DailyTrustee
Dr Daniel LopezTrustee (through April 2024)
Borden Putnam IiiTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,251,216
Program Service Revenue
$100,858
Investment Income
$1,064,326
Other Revenue
$0
All Other Contributions
$2,251,216
Change in Net Assets
$255,535

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$46,725Fair Market Value (FMV)
Total Noncash Contributions3$46,725-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,395,881
Revenue Not Reported on Financial Statements
$20,519
Revenue Not Reported on Form 990
$2,644,863
Total Revenue per Audited Statements
$6,040,744
Total Revenue per Form 990
$3,416,400
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,786,555
Other Expenses$283,393
Professional Fundraising Fees$90,917
Total Fundraising Expense$90,917
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,778,555--$2,778,555
Fees for Services Professional Fundraising--$90,917$90,917
Depreciation Depletion$66,868--$66,868
Other Expenses$59,335--$59,335
Fees for Services Other-$59,273-$59,273
Fees for Services Lobbying-$35,645-$35,645
Fees for Service Investment Mgmnt Fees-$20,519-$20,519
Fees for Services Accounting-$18,805-$18,805
Advertising-$10,700-$10,700
Grants to Domestic Individuals$8,000--$8,000
Office Expenses-$5,555-$5,555
Occupancy$3,748--$3,748
Insurance-$2,945-$2,945
Total Functional Expenses$2,916,506$153,442$90,917$3,160,865

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,160,865
Expenses per Audited Statements$3,140,346
Total Expenses per Audited Statements$3,140,346
Expenses Not Reported on Financial Statements$20,519
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Mexico Institute of Mining & TechnologySocorro, NM501(c)(3)SCHOLARSHIPS ($1,324,312) AND ACADEMIC SUPPORT ($1,454,243)$2,778,555
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$90,917
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Inflow of Resources$165,213
Due to Nm Tech$49,621
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
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, Part VI, Section A, Line 2

“The following officers and directors have a business relationship with one another by virtue of their positions as directors or employees of the new mexico institute of mining and technology, a related organization: jerry armijo, dr. Mahyar amouzegar, richard cervantes, dr. Nelia dunbar, colleen foster, and dr. Daniel lopez.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is first reviewed by the director. An electronic copy of the final form 990 is sent to all the board members for review. Board members are given sufficient time to review the form 990 and submit comments and provide approval. Once the board approves the form 990, it is submitted to the irs.”

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

“A conflict of interest disclosure statement is filed at least annually with the secretary of the board. All disclosures are made known to the members of the executive committee. If further action is needed, further disclosures will be taken to other members of the board. Discussions and votes take place without the interested covered person present.”

Form 990, Part VI, Section C, Line 19

“The audited financial statements and all other governing and organizing documents are available for public inspection upon request.”

Filing and Contact Details

Filer

Filer Name
New Mexico Tech Foundation
EIN
85-0194323
Phone
5758355658
Address
801 LEROY PLACE, SOCORRO, NM 87801

Signing Officer

Name
Colleen Foster
Title
Executive Director
Phone
5758355658
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen Foster
Formed
1965
Legal Domicile
Nm
Voting Board Members
14
Independent Board Members
11
Employees
0
Volunteers
11

Preparer

Firm
Moss Adams Llp
Address
6565 AMERICAS PARKWAY NE STE 600, ALBUQUERQUE, NM 87110
Preparer
Steven Talbot
Phone
5058787200
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The organization's intended use of the endowment funds is to provide scholarships to students as established by the donors of the endowment.”

Raw XML AppendixShowing 400 of 704 raw XML fields

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IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY COREY
IRS990/Form990PartVIISectionAGrp/PersonNm3BORDEN PUTNAM III
IRS990/Form990PartVIISectionAGrp/PersonNm4DR MAHYAR AMOUZEGAR
IRS990/Form990PartVIISectionAGrp/PersonNm5CINDY ARDITO
IRS990/Form990PartVIISectionAGrp/PersonNm6JERRY A ARMIJO
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARD CERVANTES
IRS990/Form990PartVIISectionAGrp/PersonNm8WILLIAM DAILY
IRS990/Form990PartVIISectionAGrp/PersonNm9JOANNA DEBRINE
IRS990/Form990PartVIISectionAGrp/PersonNm10DR RAUL DEJU
IRS990/Form990PartVIISectionAGrp/PersonNm11RAVEN GOSWICK
IRS990/Form990PartVIISectionAGrp/PersonNm12DR DANIEL LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm13LISA NOELL
IRS990/Form990PartVIISectionAGrp/PersonNm14GERALDINE RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm15COLLEEN FOSTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0172471
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7147211
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt12235892
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt15151976
IRS990/Form990PartVIISectionAGrp/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER/SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE (THROUGH APRIL 2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt02778555
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt08000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt08000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt02778555
IRS990/GrantsToDomesticOrgsGrp/TotalAmt02778555
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03416400
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02945
IRS990/InsuranceGrp/TotalAmt02945
IRS990/InvestmentIncomeGrp/ExclusionAmt01064326
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01064326
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt010270204
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt017481286
IRS990/InvestmentsPubTradedSecGrp/BOYAmt027486644
IRS990/InvestmentsPubTradedSecGrp/EOYAmt022451717
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01293992
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01196667
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01129799
IRS990/LandBldgEquipCostOrOtherBssAmt02423791
IRS990/LegalDomicileStateCd0NM
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY BY MAKING FUNDS AVAILABLE FOR INSTITUTIONAL SUPPORT AND SCHOLARSHIPS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt040749250
IRS990/NetAssetsOrFundBalancesEOYAmt043649648
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt02644863
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt021610764
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt022956886
IRS990/NoncashContributionsAmt046725
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt03748
IRS990/OccupancyGrp/TotalAmt03748
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05555
IRS990/OfficeExpensesGrp/TotalAmt05555
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0275267
IRS990/OtherAssetsTotalGrp/EOYAmt0175197
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PARTICIPANT SUPPORT COS
IRS990/OtherExpensesGrp/ProgramServicesAmt059335
IRS990/OtherExpensesGrp/TotalAmt059335
IRS990/OtherLiabilitiesGrp/BOYAmt0273522
IRS990/OtherLiabilitiesGrp/EOYAmt0214834
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0711817
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0512809
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01382
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0COLLEEN FOSTER
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0100858
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0100858
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS ATTENDING THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY, AS WELL AS RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt08000
IRS990/ProgSrvcAccomActy3Grp/Desc0LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR ITS STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt070616
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0100858
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05035454
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt03322978
IRS990/PYInvestmentIncomeAmt0808848
IRS990/PYOtherExpensesAmt0294267
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0100733
IRS990/PYRevenuesLessExpensesAmt02236123
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03708912
IRS990/PYTotalProfFndrsngExpnsAmt091667
IRS990/PYTotalRevenueAmt05945035
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0255535
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt068573
IRS990/SavingsAndTempCashInvstGrp/EOYAmt068747
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE PRIMARY PURPOSE OF THE NEW MEXICO TECH FOUNDATION IS TO PROVIDE SUPPORT TO THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF STUDENT SCHOLARSHIPS AND SUPPORT FOR ONGOING RESEARCH TAKING PLACE AT THE UNIVERSITY. THE FOUNDATION CONFERS WITH THE UNIVERSITY AS TO THE SUPPORT THE UNIVERSITY NEEDS AND RESPONDS ACCORDINGLY ON AN ONGOING BASIS. ALL OF THE FOUNDATION'S ACTIVITIES ARE TRACKED REGULARLY TO DETERMINE THAT THE SUPPORT GIVEN TO THE UNIVERSITY CONSTITUTES SUBSTANTIALLY ALL OF ITS ACTIVITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE PRIMARY PURPOSE OF THE NEW MEXICO TECH FOUNDATION IS TO PROVIDE SUPPORT TO THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. THE FOUNDATION PROVIDES SUPPORT IN THE FORM OF STUDENT SCHOLARSHIPS AND SUPPORT FOR ONGOING RESEARCH TAKING PLACE AT THE UNIVERSITY. THESE TWO ACTIVITIES ARE KEY ASPECTS OF THE UNIVERSITY AND WOULD HAVE TAKEN PLACE WHETHER OR NOT THE FOUNDATION WAS INVOLVED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE $137,951 REPRESENTS THE SERVICES PROVIDED BY NEW MEXICO TECH FOUNDATION TO ITS SUPPORTED ORGANIZATION, NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2PART I, LINE 12G, COL. (VI)
IRS990ScheduleA/OtherSupportSumAmt0137951
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0856000411
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt0137951
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02778555
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NM INSTITUTE OF MINING AND TECHNOLOGY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt02778555
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsAmt035645
IRS990ScheduleC/DirectContactLegislatorsInd01
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesInd00
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0ACTIVITIES INCLUDE LOBBYING IN THE STATE LEGISLATURE FOR BILLS THAT HELP THE SCHOOL, SUCH AS CAPITAL OUTLAY AND BUDGETS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II-B, LINE 1:
IRS990ScheduleC/TotalLobbyingExpendituresAmt035645
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/BuildingsGrp/BookValueAmt0562199
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01293992
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0208064
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01648127
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt010076
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt017941819

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