Civic Intelligence

New Mexico Tech Foundation

990 • Fiscal year 2016 • EIN 85-0194323

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 08, 2017

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

28th percentile

0.09x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

79th percentile

1.22x

Higher debt load relative to revenue than 79% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

9th percentile

-25%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

80th percentile

$442,321

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 23.0% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

42nd percentile

0.7%

Faster asset growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

17th percentile

-16%

Faster revenue growth than 17% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$26,777,062

Up $197,369 (+0.7%) from 2015

Net Assets

Down

$24,440,118

Down $298,376 (-1.2%) from 2015

Liabilities

Up

$2,336,944

Up $495,745 (+27%) from 2015

Revenue

Down

$1,922,883

Down $373,360 (-16%) from 2015

Expenses

Down

$2,406,177

Down $804,441 (-25%) from 2015

Net Income

Up

-$483,294

Up $431,081 (+47%) from 2015

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

2016

Assets$26,777,062
Liabilities$2,336,944
Net Assets$24,440,118

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

2016

Revenue$1,922,883
Expenses$2,406,177
Net Income-$483,294
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 8, 2017
Return Version
2015v3.0
Gross Receipts
$1,976,334
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$21,587,402$23,778,722▲ $2,191,320
Investments Other Securities$1,832,269--
Land, Buildings, and Equipment, Net$1,654,511$1,628,329▼ $26,182
Other Notes and Loans Receivable, Net$981,305$857,441▼ $123,864
Cash and Non-Interest-Bearing Accounts$39,904$187,796▲ $147,892
Intangible Assets$92,357$177,480▲ $85,123
Prepaid Expenses and Deferred Charges$153,000--
Savings and Temporary Cash Investments$133,747$147,294▲ $13,547
Total Assets$26,579,693$26,777,062▲ $197,369
Other Assets Total$105,198$0▼ $105,198
Liabilities
Grants Payable$1,833,776$2,165,028▲ $331,252
Accounts Payable and Accrued Expenses$7,423$126,082▲ $118,659
Other Liabilities$0$45,834▲ $45,834
Total Liabilities$1,841,199$2,336,944▲ $495,745
Net Assets / Fund Balance
Unrestricted Net Assets$19,235,586$18,638,201▼ $597,385
Permanently Rstr Net Assets$3,756,040$3,996,108▲ $240,068
Temporarily Rstr Net Assets$1,746,868$1,805,809▲ $58,941
Total Net Assets Fund Balance$24,738,494$24,440,118▼ $298,376
Total Liabilities and Net Assets / Fund Balance$26,579,693$26,777,062▲ $197,369

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$852,666$795,461$1,648,127
Land$645,163-$645,163
Other Land Buildings$130,500-$130,500

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,765,040-▲ $231,068-$3,996,108
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Colleen FosterExecutive DirectorPT$118,817$118,817
Daniel H LopezTreasurer-$47,968$47,968
Wd PetersonPresident-$46,838$46,838
Richard CervantesTrustee-$24,360$24,360

Board Members and Trustees

NameTitle
Jerry a ArmijoVice President
Chris BacaTrustee
Holm Bursum IiiTrustee
Joanna DebrineTrustee
Paul ShoemakerTrustee
Raul DejuTrustee
Charlotte LamontAssistant Secretary
James ReistAssistant Secretary
Ann Murphy DailySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,242,446
Program Service Revenue
$97,663
Investment Income
$582,774
Other Revenue
$0
All Other Contributions
$1,242,446
Change in Net Assets
$-483,294

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 Traded7$204,715Fair Market Value (FMV)
Real Estate Other1$33,750Fair Market Value (FMV)
Total Noncash Contributions8$238,465-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,922,883
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$184,918
Total Revenue per Audited Statements
$2,107,801
Total Revenue per Form 990
$1,922,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,821,187
Other Expenses$584,990
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,814,037--$1,814,037
Fees for Services Legal-$85,557-$85,557
Depreciation Depletion$71,320--$71,320
Fees for Services Accounting-$57,197-$57,197
Office Expenses-$30,694-$30,694
Grants to Domestic Individuals$7,150--$7,150
Travel-$3,421-$3,421
Fees for Services Lobbying-$1,404-$1,404
Insurance-$1,344-$1,344
Other Expenses$306,000$1,075-$1,075
Total Functional Expenses$2,198,507$207,670$0$2,406,177

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,406,177
Total Expenses per Audited Statements$2,406,177
Total Expenses per Form 990$2,406,177
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$971,596
New Mexico Institute of Mining & TechnologySocorro, NMState of NmAcademic Support$746,497
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$28,342
Due to New Mexico Tech$17,492
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 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
Colleen Foster
Title
Executive Director
Phone
5758355658
Signed
2017-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Colleen Foster
Formed
1965
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
9
Employees
0
Volunteers
12

Preparer

Firm
Atkinson & Co Ltd
Address
PO BOX 25246, ALBUQUERQUE, NM 87125
Preparer
Jessica Locker 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, 2016. 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, 2016.

Raw XML AppendixShowing 400 of 622 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07423
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0126082
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
IRS990/AllOtherContributionsAmt01242446
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0COLLEEN FOSTER
IRS990/BooksInCareOfDetail/PhoneNum05758355658
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0801 LEROY PLACE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SOCORRO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NM
IRS990/BooksInCareOfDetail/USAddress/ZIPCd087801
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt039904
IRS990/CashNonInterestBearingGrp/EOYAmt0187796
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01242446
IRS990/CYGrantsAndSimilarPaidAmt01821187
IRS990/CYInvestmentIncomeAmt0582774
IRS990/CYOtherExpensesAmt0584990
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt097663
IRS990/CYRevenuesLessExpensesAmt0-483294
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02406177
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01922883
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt071320
IRS990/DepreciationDepletionGrp/TotalAmt071320
IRS990/Desc0NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0306000
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt057197
IRS990/FeesForServicesAccountingGrp/TotalAmt057197
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt085557
IRS990/FeesForServicesLegalGrp/TotalAmt085557
IRS990/FeesForServicesLobbyingGrp/ManagementAndGeneralAmt01404
IRS990/FeesForServicesLobbyingGrp/TotalAmt01404
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1220.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt247968
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1124360
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1228446
IRS990/Form990PartVIISectionAGrp/PersonNm0WD PETERSON
IRS990/Form990PartVIISectionAGrp/PersonNm1JERRY A ARMIJO
IRS990/Form990PartVIISectionAGrp/PersonNm2DANIEL H LOPEZ
IRS990/Form990PartVIISectionAGrp/PersonNm3ANN MURPHY DAILY
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES REIST
IRS990/Form990PartVIISectionAGrp/PersonNm5CHARLOTTE LAMONT
IRS990/Form990PartVIISectionAGrp/PersonNm6HOLM BURSUM III
IRS990/Form990PartVIISectionAGrp/PersonNm7CHRIS BACA
IRS990/Form990PartVIISectionAGrp/PersonNm8RAUL DEJU
IRS990/Form990PartVIISectionAGrp/PersonNm9PAUL SHOEMAKER
IRS990/Form990PartVIISectionAGrp/PersonNm10JOANNA DEBRINE
IRS990/Form990PartVIISectionAGrp/PersonNm11RICHARD CERVANTES
IRS990/Form990PartVIISectionAGrp/PersonNm12COLLEEN 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/ReportableCompFromRltdOrgAmt046838
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2394353
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt11177155
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1290371
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt049891
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsPayableGrp/BOYAmt01833776
IRS990/GrantsPayableGrp/EOYAmt02165028
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt07150
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt07150
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01814037
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01814037
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0103342
IRS990/GrossReceiptsAmt01976334
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01344
IRS990/InsuranceGrp/TotalAmt01344
IRS990/IntangibleAssetsGrp/BOYAmt092357
IRS990/IntangibleAssetsGrp/EOYAmt0177480
IRS990/InvestmentIncomeGrp/ExclusionAmt0532883
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0532883
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt01832269
IRS990/InvestmentsPubTradedSecGrp/BOYAmt021587402
IRS990/InvestmentsPubTradedSecGrp/EOYAmt023778722
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0795461
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01654511
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01628329
IRS990/LandBldgEquipCostOrOtherBssAmt02423790
IRS990/LegalDomicileStateCd0NM
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt053451
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/NetAssetsOrFundBalancesBOYAmt024738494
IRS990/NetAssetsOrFundBalancesEOYAmt024440118
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt049891
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt049891
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0184918
IRS990/NoncashContributionsAmt0238465
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt030694
IRS990/OfficeExpensesGrp/TotalAmt030694
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0105198
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RETAINAGE ANNUITY
IRS990/OtherExpensesGrp/Desc1LICENSES & FEES
IRS990/OtherExpensesGrp/Desc2PATENT EXPENSES
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018620
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18358
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21075
IRS990/OtherExpensesGrp/ProgramServicesAmt0306000
IRS990/OtherExpensesGrp/TotalAmt0306000
IRS990/OtherExpensesGrp/TotalAmt118620
IRS990/OtherExpensesGrp/TotalAmt28358
IRS990/OtherExpensesGrp/TotalAmt31075
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt045834
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0981305
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0857441
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03756040
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03996108
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0153000
IRS990/PrincipalOfficerNm0COLLEEN FOSTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0APARTMENT RENTAL
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt097663
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt097663
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATIVE STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0910593
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0910593
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/ExpenseAmt0910594
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0910594
IRS990/ProgSrvcAccomActyOtherGrp/Desc0LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR IT'S STUDENTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt071320
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt097663
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01859294
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02507655
IRS990/PYInvestmentIncomeAmt0346522
IRS990/PYOtherExpensesAmt0650759
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt090427
IRS990/PYRevenuesLessExpensesAmt0-914375
IRS990/PYSalariesCompEmpBnftPaidAmt052204
IRS990/PYTotalExpensesAmt03210618
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02296243
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-483294
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0133747
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0147294
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/SupportAmt01814037
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NM INSTITUTE OF MINING & TECHNOLOGY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt01814037
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/DirectContactLegislatorsAmt01404
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/TotalLobbyingExpendituresAmt01404
IRS990ScheduleC/VolunteersInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0852666
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0795461
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01648127
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt03765040
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt03996108
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0231068
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02247401
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt03765040
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01517639
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02177529
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02247401
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt069872
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02120509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01500
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02177529
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055520
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01673818
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt08202
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02120509
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0438489
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02406177
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0645163
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0645163
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0184918
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0130500
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0130500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO NEW MEXICO TECH
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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