Civic Intelligence

New Mexico Educational Assistance Foundation

990T • Fiscal year 2024 • EIN 85-0291313

Jul 01, 2023 to Jun 30, 2024 • Filed on May 14, 2025

PO Box 27020Albuquerque, NM 87125-7020

(505) 761-2063

Siviq Scores

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Balance Sheet

Assets

-

No earlier filing loaded for comparison.

Net Assets

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No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

-

No earlier filing loaded for comparison.

Expenses

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No earlier filing loaded for comparison.

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.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $1,565,845,607Liabilities 2010: $1,461,028,924Net Assets 2010: $104,816,6832010Assets 2011: $1,150,172,587Liabilities 2011: $1,036,747,112Net Assets 2011: $113,425,4752011Assets 2012: $1,052,047,396Liabilities 2012: $901,975,834Net Assets 2012: $150,071,5622012Assets 2013: $967,148,854Liabilities 2013: $838,919,629Net Assets 2013: $128,229,2252013Assets 2014: $916,329,911Liabilities 2014: $791,121,336Net Assets 2014: $125,208,5752014Assets 2015: $812,217,656Liabilities 2015: $692,339,425Net Assets 2015: $119,878,2312015Assets 2016: $725,083,552Liabilities 2016: $609,200,047Net Assets 2016: $115,883,5052016Assets 2017: $618,517,714Liabilities 2017: $509,143,607Net Assets 2017: $109,374,1072017Assets 2018: $531,385,069Liabilities 2018: $426,531,162Net Assets 2018: $104,853,9072018Assets 2019: $462,546,998Liabilities 2019: $358,103,126Net Assets 2019: $104,443,8722019Assets 2020: $392,805,656Liabilities 2020: $288,418,878Net Assets 2020: $104,386,7782020Assets 2021: $354,396,919Liabilities 2021: $251,197,379Net Assets 2021: $103,199,5402021Assets 2022: $349,128,881Liabilities 2022: $248,451,793Net Assets 2022: $100,677,0882022Assets 2023: $288,410,377Liabilities 2023: $182,287,968Net Assets 2023: $106,122,4092023Assets 2024: $243,416,067Liabilities 2024: $132,334,272Net Assets 2024: $111,081,7952024

Latest loaded filing

2024

Assets$243,416,067
Liabilities$132,334,272
Net Assets$111,081,795

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $40,823,8502010Expenses 2011: $34,388,6632011Expenses 2012: $36,650,1022012Expenses 2013: $30,564,0222013Revenue 2014: $23,736,445Expenses 2014: $24,743,045Net Income 2014: -$1,006,6002014Revenue 2015: $22,051,767Expenses 2015: $21,394,180Net Income 2015: $657,5872015Revenue 2016: $21,070,153Expenses 2016: $22,008,277Net Income 2016: -$938,1242016Revenue 2017: $21,914,659Expenses 2017: $22,722,076Net Income 2017: -$807,4172017Revenue 2018: $23,353,051Expenses 2018: $24,923,849Net Income 2018: -$1,570,7982018Revenue 2019: $24,870,546Expenses 2019: $25,119,407Net Income 2019: -$248,8612019Revenue 2020: $19,955,288Expenses 2020: $19,665,490Net Income 2020: $289,7982020Revenue 2021: $13,989,676Expenses 2021: $14,732,067Net Income 2021: -$742,3912021Revenue 2022: $12,323,094Expenses 2022: $14,912,159Net Income 2022: -$2,589,0652022Revenue 2023: $18,703,805Expenses 2023: $13,456,159Net Income 2023: $5,247,6462023Revenue 2024: $17,611,116Expenses 2024: $12,617,822Net Income 2024: $4,993,2942024

Latest loaded filing

2024

Revenue$17,611,116
Expenses$12,617,822
Net Income$4,993,294
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v8.0
Mission and Program Overview

Mission

Promote the public welfare and prosperity of the people of new mexico by stimulating the availability of financial assistance for post-secondary education so as to give greater higher education opportunity.

Filing and Contact Details

Filer

Filer Name
New Mexico Educational Assistance Foundation
EIN
85-0291313
Address
PO BOX 27020, ALBUQUERQUE, NM 87125-7020

Signing Officer

Name
Tracy Rowe
Title
Assistant VP of
Phone
5057612063
Signed
2025-05-14
Discuss with paid preparer
Yes

Preparer

Firm
Jaramillo Accounting Group LLC
Address
4700 Lincoln Road NE, Albuquerque, NM 87109
Preparer
Scott Eliason
Phone
5053232035
Raw XML Appendix102 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.

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IRS990T/ForeignAccountsQuestionInd0false
IRS990T/ForeignTrustQuestionInd0false
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IRS990T/Organization501cCorporationInd0X
IRS990T/Organization501IndicatorGrp/Organization501cTypeTxt0c3
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IRS990T/TaxableCorporationAmt00
IRS990T/TotalPaymentsAmt0203337
IRS990T/TotalUBTIAmt00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TRACY ROWE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASSISTANT VP OF
ReturnHeader/BusinessOfficerGrp/PhoneNum05057612063
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0NEWM
ReturnHeader/Filer/EIN0850291313
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 27020
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SCOTT ELIASON
ReturnHeader/ReturnTs02025-05-14T14:23:46-04:00
ReturnHeader/ReturnTypeCd0990T
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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.$243$132$111$17.6$12.6$4.99
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.
2023Detailed filing. Detailed filing data is available for this year.$288$182$106$18.7$13.5$5.25
2022Detailed filing. Detailed filing data is available for this year.$349$248$101$12.3$14.9$2.59
2021Detailed filing. Detailed filing data is available for this year.$354$251$103$14.0$14.7$0.74
2020Detailed filing. Detailed filing data is available for this year.$393$288$104$20.0$19.7$0.29
2019Detailed filing. Detailed filing data is available for this year.$463$358$104$24.9$25.1$0.25
2018Detailed filing. Detailed filing data is available for this year.$531$427$105$23.4$24.9$1.57
2017Detailed filing. Detailed filing data is available for this year.$619$509$109$21.9$22.7$0.81
2016Summary only. Only limited summary data is available for this year.$725$609$116$21.1$22.0$0.94
2015Detailed filing. Detailed filing data is available for this year.$812$692$120$22.1$21.4$0.66
2014Detailed filing. Detailed filing data is available for this year.$916$791$125$23.7$24.7$1.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$967$839$128$30.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,052$902$150$36.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,150$1,037$113$34.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,566$1,461$105$40.8