Civic Intelligence

Southeastern New Mexico Economic Development District

990 • Fiscal year 2013 • EIN 85-0214427

Jul 01, 2012 to Jun 30, 2013 • Filed on Jan 21, 2014

1600 SE Main StRoom/Suite D-188203
Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$93,644

Flat from 2013

Net Assets

Flat

$19,330

Flat from 2013

Liabilities

Flat

$74,314

Flat from 2013

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

Flat

$697,505

Flat from 2013

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2011: $155,189Liabilities 2011: $69,131Net Assets 2011: $86,0582011Assets 2012: $127,371Liabilities 2012: $63,919Net Assets 2012: $63,4522012Assets 2013: $93,644Liabilities 2013: $74,314Net Assets 2013: $19,3302013Assets 2013: $93,644Liabilities 2013: $74,314Net Assets 2013: $19,3302013Assets 2014: $99,414Liabilities 2014: $78,164Net Assets 2014: $21,2502014Assets 2015: $118,472Liabilities 2015: $583,818Net Assets 2015: -$465,3462015Assets 2016: $129,428Liabilities 2016: $622,910Net Assets 2016: -$493,4822016Assets 2017: $336,641Liabilities 2017: $785,040Net Assets 2017: -$448,3992017Assets 2018: $234,653Liabilities 2018: $676,672Net Assets 2018: -$442,0192018Assets 2019: $203,664Liabilities 2019: $595,587Net Assets 2019: -$391,9232019Assets 2020: $205,413Liabilities 2020: $528,399Net Assets 2020: -$322,9862020Assets 2021: $411,355Liabilities 2021: $525,578Net Assets 2021: -$114,2232021Assets 2022: $416,592Liabilities 2022: $474,863Net Assets 2022: -$58,2712022Assets 2023: $390,848Liabilities 2023: $594,555Net Assets 2023: -$203,7072023Assets 2024: $536,817Liabilities 2024: $627,383Net Assets 2024: -$90,5662024

Highlighted filing

2013

Assets$93,644
Liabilities$74,314
Net Assets$19,330

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $717,415Expenses 2011: $748,065Net Income 2011: -$30,6502011Revenue 2012: $722,862Expenses 2012: $732,253Net Income 2012: -$9,3912012Expenses 2013: $697,5052013Revenue 2013: $656,049Expenses 2013: $697,505Net Income 2013: -$41,4562013Revenue 2014: $659,889Expenses 2014: $662,557Net Income 2014: -$2,6682014Revenue 2015: $698,900Expenses 2015: $711,529Net Income 2015: -$12,6292015Revenue 2016: $621,514Expenses 2016: $649,650Net Income 2016: -$28,1362016Revenue 2017: $616,887Expenses 2017: $571,804Net Income 2017: $45,0832017Revenue 2018: $465,889Expenses 2018: $459,509Net Income 2018: $6,3802018Revenue 2019: $486,130Expenses 2019: $436,034Net Income 2019: $50,0962019Revenue 2020: $499,731Expenses 2020: $430,794Net Income 2020: $68,9372020Revenue 2021: $716,962Expenses 2021: $508,199Net Income 2021: $208,7632021Revenue 2022: $701,590Expenses 2022: $645,638Net Income 2022: $55,9522022Revenue 2023: $662,869Expenses 2023: $808,305Net Income 2023: -$145,4362023Revenue 2024: $1,179,041Expenses 2024: $1,065,900Net Income 2024: $113,1412024

Highlighted filing

2013

Revenue-
Expenses$697,505
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Jan 21, 2014
Return Version
2012v2.3
Gross Receipts
$661,907
Mission and Program Overview

Mission

The fundamental mission of the snmedd is to strengthen the regional economic base, which is responsible for providing quality jobs to area residents.

Major Activities

Activity 2
The district provides member government units the opportunity to work with representatives of federal & state agencies, economic interests & citizens groups to plan for future economic development. The district accomplishes this through information distribution, technical assistance, intergovernmental coordination & training. One of the most important functions of the organization involves the optimal utilization of regional capabilities. Projects included are solid waste, water and sewer system improvements, business retention, business assistance, business development, recreational facilities, industrial park improvements, job development and assistance, public buildings and transportation related initiatives. The district also helps member governments with planning for major capital improvements, procuring federal and state aid for needed capital infrastructure projects and capacity building and technical assistance. The organization serves all 26 local governments in southeastern new mexico and also provides services to nearly 60 water co-ops, mutual domestic water associations and water and sanitation districts in the region. Through local governments the organization serves approximately 250,000 clients annually. Every year the organization produces a comprehensive economic development strategy update and every three years it produces a new comprehensive economic development strategy for southeastern new mexico. Through the economic development program the organization completed the cascades at carlsbad riverwalk program (2.6 million potential for 500 new jobs); completed the jal industrial complex building (2.0 million potential for 40 new jobs). Through the community development program the organization started the dean-baldwin hanger expansion in roswell 1.8 million and potential for 63 new jobs); completed and started new community development block grants in city of jal, city of ruidoso downs, village of corona, village of hope and town of tatum. In the colonias program the organization assisted timberon water and sanitation district, la luz domestic water association, otis water association, village of cloudcroft and the village of loving. With the legislative capital outlay improvements program the organization assisted the city of roswell, city of alamogordo, city of lovington, eddy county, chaves county, otero county, and several others.
Filing and Contact Details

Filer

EIN
85-0214427
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IRS990/Activity2/Description0THE DISTRICT PROVIDES MEMBER GOVERNMENT UNITS THE OPPORTUNITY TO WORK WITH REPRESENTATIVES OF FEDERAL & STATE AGENCIES, ECONOMIC INTERESTS & CITIZENS GROUPS TO PLAN FOR FUTURE ECONOMIC DEVELOPMENT. THE DISTRICT ACCOMPLISHES THIS THROUGH INFORMATION DISTRIBUTION, TECHNICAL ASSISTANCE, INTERGOVERNMENTAL COORDINATION & TRAINING. ONE OF THE MOST IMPORTANT FUNCTIONS OF THE ORGANIZATION INVOLVES THE OPTIMAL UTILIZATION OF REGIONAL CAPABILITIES. PROJECTS INCLUDED ARE SOLID WASTE, WATER AND SEWER SYSTEM IMPROVEMENTS, BUSINESS RETENTION, BUSINESS ASSISTANCE, BUSINESS DEVELOPMENT, RECREATIONAL FACILITIES, INDUSTRIAL PARK IMPROVEMENTS, JOB DEVELOPMENT AND ASSISTANCE, PUBLIC BUILDINGS AND TRANSPORTATION RELATED INITIATIVES. THE DISTRICT ALSO HELPS MEMBER GOVERNMENTS WITH PLANNING FOR MAJOR CAPITAL IMPROVEMENTS, PROCURING FEDERAL AND STATE AID FOR NEEDED CAPITAL INFRASTRUCTURE PROJECTS AND CAPACITY BUILDING AND TECHNICAL ASSISTANCE. THE ORGANIZATION SERVES ALL 26 LOCAL GOVERNMENTS IN SOUTHEASTERN NEW MEXICO AND ALSO PROVIDES SERVICES TO NEARLY 60 WATER CO-OPS, MUTUAL DOMESTIC WATER ASSOCIATIONS AND WATER AND SANITATION DISTRICTS IN THE REGION. THROUGH LOCAL GOVERNMENTS THE ORGANIZATION SERVES APPROXIMATELY 250,000 CLIENTS ANNUALLY. EVERY YEAR THE ORGANIZATION PRODUCES A COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY UPDATE AND EVERY THREE YEARS IT PRODUCES A NEW COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR SOUTHEASTERN NEW MEXICO. THROUGH THE ECONOMIC DEVELOPMENT PROGRAM THE ORGANIZATION COMPLETED THE CASCADES AT CARLSBAD RIVERWALK PROGRAM (2.6 MILLION POTENTIAL FOR 500 NEW JOBS); COMPLETED THE JAL INDUSTRIAL COMPLEX BUILDING (2.0 MILLION POTENTIAL FOR 40 NEW JOBS). THROUGH THE COMMUNITY DEVELOPMENT PROGRAM THE ORGANIZATION STARTED THE DEAN-BALDWIN HANGER EXPANSION IN ROSWELL 1.8 MILLION AND POTENTIAL FOR 63 NEW JOBS); COMPLETED AND STARTED NEW COMMUNITY DEVELOPMENT BLOCK GRANTS IN CITY OF JAL, CITY OF RUIDOSO DOWNS, VILLAGE OF CORONA, VILLAGE OF HOPE AND TOWN OF TATUM. IN THE COLONIAS PROGRAM THE ORGANIZATION ASSISTED TIMBERON WATER AND SANITATION DISTRICT, LA LUZ DOMESTIC WATER ASSOCIATION, OTIS WATER ASSOCIATION, VILLAGE OF CLOUDCROFT AND THE VILLAGE OF LOVING. WITH THE LEGISLATIVE CAPITAL OUTLAY IMPROVEMENTS PROGRAM THE ORGANIZATION ASSISTED THE CITY OF ROSWELL, CITY OF ALAMOGORDO, CITY OF LOVINGTON, EDDY COUNTY, CHAVES COUNTY, OTERO COUNTY, AND SEVERAL OTHERS.
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IRS990/NameOfPrincipalOfficerPerson0HUBERT QUINTANA
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IRS990/NbrVotingGoverningBodyMembers031
IRS990/NbrVotingMembersGoverningBody031
IRS990/NetAssetsOrFundBalancesBOY063452
IRS990/NetAssetsOrFundBalancesEOY019330
IRS990/NetGainOrLossInvestments/RelatedOrExemptFunctionIncome03142
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IRS990/OtherExpensesCurrentYear0134951
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IRS990/OtherExpenses/Description1MISCELLANEOUS
IRS990/OtherExpenses/Description2EQUIPMENT REPAIRS
IRS990/OtherExpenses/Description3ROUNDING
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IRS990/OtherExpenses/ManagementAndGeneral1965
IRS990/OtherExpenses/ManagementAndGeneral2767
IRS990/OtherExpenses/ManagementAndGeneral31
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IRS990/OtherExpenses/Total14825
IRS990/OtherExpenses/Total23833
IRS990/OtherExpenses/Total31
IRS990/OtherLiabilities/BOY011508
IRS990/OtherLiabilities/EOY011575
IRS990/OtherRevenueCurrentYear0610
IRS990/OtherRevenueMisc/Description0OTHER INCOME
IRS990/OtherRevenueMisc/ExclusionAmount0610
IRS990/OtherRevenueMisc/TotalRevenueColumn0610
IRS990/OtherRevenuePriorYear0386
IRS990/OtherSalariesAndWages/ManagementAndGeneral068708
IRS990/OtherSalariesAndWages/ProgramServices0274834
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IRS990/PrepaidExpensesDeferredCharges/BOY02666
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IRS990/ProfessionalFundraising0false
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IRS990/ProgramServiceRevenue/Description0NM SMALL BUSINESS DEVELOPMENT
IRS990/ProgramServiceRevenue/Description1DEPARTMENT OF FINANCE & ADMIN
IRS990/ProgramServiceRevenue/Description2CONTRACT AND FEES
IRS990/ProgramServiceRevenue/Description3GRANT ADMINISTRATION SERVICES
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IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome0251103
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome195743
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IRS990/ProgramServiceRevenue/TotalRevenueColumn195743
IRS990/ProgramServiceRevenue/TotalRevenueColumn278967
IRS990/ProgramServiceRevenue/TotalRevenueColumn365095
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IRS990/ReconcilationOtherChanges0-2666
IRS990/ReconcilationRevenueExpenses0-41456
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IRS990/RelatedEntity0false
IRS990/RelatedOrgControlledEntity0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.54$0.63$0.09$1.18$1.07$0.11
2023Detailed filing. Detailed filing data is available for this year.$0.39$0.59$0.20$0.66$0.81$0.15
2022Detailed filing. Detailed filing data is available for this year.$0.42$0.47$0.06$0.70$0.65$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.41$0.53$0.11$0.72$0.51$0.21
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.53$0.32$0.50$0.43$0.07
2019Detailed filing. Detailed filing data is available for this year.$0.20$0.60$0.39$0.49$0.44$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.23$0.68$0.44$0.47$0.46$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.79$0.45$0.62$0.57$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.13$0.62$0.49$0.62$0.65$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.58$0.47$0.70$0.71$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.10$0.08$0.02$0.66$0.66$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.07$0.02$0.70
2013Summary only. Only limited summary data is available for this year.$0.09$0.07$0.02$0.66$0.70$0.04
2012Summary only. Only limited summary data is available for this year.$0.13$0.06$0.06$0.72$0.73$0.01
2011Summary only. Only limited summary data is available for this year.$0.16$0.07$0.09$0.72$0.75$0.03