Civic Intelligence

New Mexico Tech Foundation

990 • Fiscal year 2015 • EIN 85-0194323

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

801 Leroy PlaceSocorro, NM 87801

(575) 835-5658

Siviq Scores

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

Liabilities / Assets

26th percentile

0.07x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

73rd percentile

0.80x

Higher debt load relative to revenue than 73% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

5th percentile

-40%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$404,466

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 17.6% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

30th percentile

-2.0%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

90th percentile

50%

Faster revenue growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Down

$26,579,693

Down $538,358 (-2.0%) from 2014

Net Assets

Up

$24,738,494

Up $64,570 (+0.3%) from 2014

Liabilities

Down

$1,841,199

Down $602,928 (-25%) from 2014

Revenue

Up

$2,296,243

Up $767,613 (+50%) from 2014

Expenses

Up

$3,210,618

Up $1,827,400 (+132%) from 2014

Net Income

Down

-$914,375

Down $1,059,787 (-729%) from 2014

Historical Trend

Balance Sheet Trend

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

$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

2015

Assets$26,579,693
Liabilities$1,841,199
Net Assets$24,738,494

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2015

Revenue$2,296,243
Expenses$3,210,618
Net Income-$914,375
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$2,298,043
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 science education at the new mexico institute of mining and technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$21,450,604$21,587,402▲ $136,798
Investments Other Securities$1,620,637$1,832,269▲ $211,632
Land, Buildings, and Equipment, Net$1,716,242$1,654,511▼ $61,731
Other Notes and Loans Receivable, Net$1,149,989$981,305▼ $168,684
Prepaid Expenses and Deferred Charges-$153,000-
Savings and Temporary Cash Investments$145,047$133,747▼ $11,300
Intangible Assets$21,842$92,357▲ $70,515
Cash and Non-Interest-Bearing Accounts$188,863$39,904▼ $148,959
Total Assets$27,118,051$26,579,693▼ $538,358
Other Assets Total$824,827$105,198▼ $719,629
Liabilities
Grants Payable$1,631,784$1,833,776▲ $201,992
Other Liabilities$806,931$0▼ $806,931
Accounts Payable and Accrued Expenses$5,412$7,423▲ $2,011
Total Liabilities$2,444,127$1,841,199▼ $602,928
Net Assets / Fund Balance
Unrestricted Net Assets$20,688,439$19,235,586▼ $1,452,853
Permanently Rstr Net Assets$2,247,401$3,756,040▲ $1,508,639
Temporarily Rstr Net Assets$1,738,084$1,746,868▲ $8,784
Total Net Assets Fund Balance$24,673,924$24,738,494▲ $64,570
Total Liabilities and Net Assets / Fund Balance$27,118,051$26,579,693▼ $538,358

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$912,598$735,529$1,648,127
Land$611,413-$611,413
Other Land Buildings$130,500-$130,500
Other Securities$1,832,269--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,247,401-▲ $1,517,639-$3,765,040
2013$2,177,529-▲ $69,872-$2,247,401
2012$2,120,509$1,500▲ $55,520-$2,177,529
2011$1,673,818$8,202▲ $438,489-$2,120,509
2010$1,669,351$4,467--$1,673,818
Compensation and Service Providers

Employees

NameTitleOtherTotal
Wd PetersonPresident$40,557$40,557
Alex ThyssenAssistant Secretary/treasurer$40,310$40,310

Board Members and Trustees

NameTitle
Daniel H LopezVice President
Abe Silver JrTrustee
Chris BacaTrustee
Holm Bursum IiiTrustee
Jerry a ArmijoTrustee
Lonnie MarquezTrustee
Raul DejuTrustee
Charlotte LamontAssistant Secretary
James ReistAssistant Secretary
Ann Murphy DailySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,859,294
Program Service Revenue
$90,427
Investment Income
$346,522
Other Revenue
$0
All Other Contributions
$1,859,294
Change in Net Assets
$-914,375

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$618,024Fair Market Value (FMV)
Total Noncash Contributions5$618,024-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,296,243
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$978,945
Total Revenue per Audited Statements
$3,275,188
Total Revenue per Form 990
$2,296,243
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,507,655
Other Expenses$650,759
Salaries, Compensation, and Employee Benefits$52,204
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,500,039--$2,500,039
Depreciation Depletion$82,444--$82,444
Current Officers, Directors, Trustees, and Key Employees-$52,204-$52,204
Fees for Service Investment Mgmnt Fees-$35,737-$35,737
Fees for Services Legal-$32,934-$32,934
Royalties-$7,625-$7,625
Grants to Domestic Individuals$7,616--$7,616
Fees for Services Accounting-$4,847-$4,847
Fees for Services Lobbying-$2,862-$2,862
Office Expenses-$1,623-$1,623
Insurance-$1,336-$1,336
Travel-$1,204-$1,204
Other Expenses$153,000$320-$320
Occupancy-$67-$67
Total Functional Expenses$2,743,099$467,519$0$3,210,618

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,210,618
Total Expenses per Audited Statements$3,210,618
Total Expenses per Form 990$3,210,618
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Mexico Institute of Mining & TechnologySocorro, NMState of NmScholarships$1,408,592
New Mexico Institute of Mining & TechnologySocorro, NMState of NmResearch Support$710,006
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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 11

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 board approves the form 990, it is submitted to the irs.

Form 990, Part VI, Section B, Line 12

The organization is in the process of developing a conflict of interest policy. The organization's bylaws do have a conflict of interest statement that covers the trustees. The organization is implementing a conflict of interest policy to cover trustees, officers and key employees. The organization is also in the process of implementing a written whistleblower policy.

Form 990, Part VI, Section B, Line 15

The organization does not directly compensate any employees. The organization has an employee sharing agreement with related organization whereby the officers and key employees of the foundation are employees of the related organization. Under this contract, the new mexico tech research foundation reimburses the related organization for part of the executive director's and accountant's salaries and fringe benefits. This was approved by the board of directors.

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

Signing Officer

Name
Daniel H Lopez
Title
Treasurer
Phone
5758355658
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daniel H Lopez
Formed
1965
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
8
Employees
0
Volunteers
12

Preparer

Firm
Atkinson & Co Ltd
Address
PO BOX 25246, ALBUQUERQUE, NM 87125
Preparer
Stephanie J Catasca CPA
Phone
5058436492
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of directors assumes responsibilty for oversight of the audit of its finanical statements and selection of an independent accountant. This process has not changed from the prior year.

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.

PART X, LINE 2:

The foundation applies the provisions of financial accounting standards board (fasb) accounting standards codification (asc) 740, income taxes. There were no uncertain tax positions taken by the foundation for the year ended june 30, 2015. The foundation's policy is to classify income tax penalties and interest, when applicable, according to their natural classification. There were no income tax penalties or interest for the year ended june 30, 2015.

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IRS990/InsuranceGrp/ManagementAndGeneralAmt01336
IRS990/InsuranceGrp/TotalAmt01336
IRS990/IntangibleAssetsGrp/BOYAmt021842
IRS990/IntangibleAssetsGrp/EOYAmt092357
IRS990/InvestmentIncomeGrp/ExclusionAmt0342322
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0342322
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01620637
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01832269
IRS990/InvestmentsPubTradedSecGrp/BOYAmt021450604
IRS990/InvestmentsPubTradedSecGrp/EOYAmt021587402
IRS990/IRPDocumentCnt013
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0735529
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01716242
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01654511
IRS990/LandBldgEquipCostOrOtherBssAmt02390040
IRS990/LegalDomicileStateCd0NM
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01800
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt024673924
IRS990/NetAssetsOrFundBalancesEOYAmt024738494
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04200
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04200
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0978945
IRS990/NoncashContributionsAmt0618024
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt067
IRS990/OccupancyGrp/TotalAmt067
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01623
IRS990/OfficeExpensesGrp/TotalAmt01623
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0824827
IRS990/OtherAssetsTotalGrp/EOYAmt0105198
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LEGAL SETTLEMENT
IRS990/OtherExpensesGrp/Desc1RETAINAGE ANNUITY
IRS990/OtherExpensesGrp/Desc2DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/Desc3LICENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0325000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11760
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2320
IRS990/OtherExpensesGrp/ProgramServicesAmt0153000
IRS990/OtherExpensesGrp/TotalAmt0325000
IRS990/OtherExpensesGrp/TotalAmt1153000
IRS990/OtherExpensesGrp/TotalAmt21760
IRS990/OtherExpensesGrp/TotalAmt3320
IRS990/OtherLiabilitiesGrp/BOYAmt0806931
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01149989
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0981305
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02247401
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03756040
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0153000
IRS990/PrincipalOfficerNm0DANIEL H LOPEZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt090427
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt090427
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATION STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01253828
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01253828
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01253827
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01253827
IRS990/ProgSrvcAccomActyOtherGrp/Desc0LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR ITS STUDENTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt082444
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt090427
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01230056
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0797898
IRS990/PYInvestmentIncomeAmt0157952
IRS990/PYOtherExpensesAmt0566823
IRS990/PYOtherRevenueAmt043581
IRS990/PYProgramServiceRevenueAmt097041
IRS990/PYRevenuesLessExpensesAmt0145412
IRS990/PYSalariesCompEmpBnftPaidAmt018497
IRS990/PYTotalExpensesAmt01383218
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01528630
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-914375
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt07625
IRS990/RoyaltiesGrp/TotalAmt07625
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0145047
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0133747
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 NM TECH RESEARCH 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 NM TECH RESEARCH 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/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0856000411
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02500039
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NM INSTITUTE OF MINING & TECHNOLOGY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt02500039
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/DirectContactLegislatorsAmt02862
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 LEGISLATIVE FOR BILLS THAT HELP THE SCHOOL. SUCH AS CAPITAL OUTLAY AND BUDGETS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PARTV II-B, LINE G
IRS990ScheduleC/TotalLobbyingExpendituresAmt02862
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0912598
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0735529
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01648127
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02247401
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03765040
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01517639
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02177529
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02247401
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt069872
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02120509
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02177529
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055520
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01673818
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt08202
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02120509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0438489
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01669351
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt04467
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01673818
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03210618
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0611413
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0611413
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0978945
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0130500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0130500
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01832269
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INSURANCE ANNUITY
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F

Document Assets

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Filings

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