Civic Intelligence

Central New Mexico Community College Foundation Inc

EIN 85-0338623 • 501(c)3 • Albuquerque, NM

Profile

The cnm foundation pursues a mission to provide the extra financial assistance necessary for the citizens of central new mexico community college service area to obtain the quality educational opportunities they deserve. The foundation is committed to the principle that no student should be denied the opportunity for an education due to lack of financial resources.

525 Buena Vista SEAlbuquerque, NM 87106

www.cnm.edu/DEPTS/FOUNDATION

Siviq Scores

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

Liabilities / Assets

39th percentile

0.09x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

75th percentile

0.67x

Higher debt load relative to revenue than 75% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

84th percentile

36%

Higher net margin than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

84th percentile

$368,102

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 15.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

77th percentile

15%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

67%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets39th percentile

Assets

Up

$17,661,565

Up $2,334,416 (+15%) from 2023

Liabilities

Up

$1,651,022

Up $485,620 (+42%) from 2023

Net Assets

Up

$16,010,543

Up $1,848,796 (+13%) from 2023

Operations
Liabilities / Revenue75th percentileNet Margin84th percentile

Revenue

Up

$2,446,227

Up $985,760 (+67%) from 2023

Expenses

Up

$1,562,439

Up $128,099 (+8.9%) from 2023

Net Income

Up

$883,788

Up $857,661 (+3283%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $4,526,663Liabilities 2010: $147,765Net Assets 2010: $4,378,8982010Assets 2011: $7,112,244Liabilities 2011: $2,171,655Net Assets 2011: $4,940,5892011Assets 2012: $5,900,425Liabilities 2012: $453,388Net Assets 2012: $5,447,0372012Assets 2013: $6,513,174Liabilities 2013: $154,423Net Assets 2013: $6,358,7512013Assets 2014: $8,165,302Liabilities 2014: $142,081Net Assets 2014: $8,023,2212014Assets 2015: $8,990,958Liabilities 2015: $527,443Net Assets 2015: $8,463,5152015Assets 2016: $8,927,923Liabilities 2016: $213,397Net Assets 2016: $8,714,5262016Assets 2017: $10,613,612Liabilities 2017: $250,712Net Assets 2017: $10,362,9002017Assets 2018: $10,365,081Liabilities 2018: $301,921Net Assets 2018: $10,063,1602018Assets 2019: $11,989,377Liabilities 2019: $1,255,178Net Assets 2019: $10,734,1992019Assets 2020: $12,971,192Liabilities 2020: $1,067,172Net Assets 2020: $11,904,0202020Assets 2021: $15,765,417Liabilities 2021: $729,622Net Assets 2021: $15,035,7952021Assets 2022: $14,233,647Liabilities 2022: $1,158,978Net Assets 2022: $13,074,6692022Assets 2023: $15,327,149Liabilities 2023: $1,165,402Net Assets 2023: $14,161,7472023Assets 2024: $17,661,565Liabilities 2024: $1,651,022Net Assets 2024: $16,010,5432024

Highlighted filing

2024

Assets$17,661,565
Liabilities$1,651,022
Net Assets$16,010,543
Open 2024 Filing

Operations Trend

Revenue Growth88th percentile

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

$3.0M$2.0M$1.0M$0Expenses 2010: $1,073,1342010Expenses 2011: $1,683,2732011Expenses 2012: $2,835,3062012Expenses 2013: $1,456,3372013Revenue 2014: $2,924,561Expenses 2014: $1,516,228Net Income 2014: $1,408,3332014Revenue 2015: $2,035,309Expenses 2015: $1,365,596Net Income 2015: $669,7132015Revenue 2016: $1,635,500Expenses 2016: $1,482,551Net Income 2016: $152,9492016Revenue 2017: $2,649,038Expenses 2017: $1,108,994Net Income 2017: $1,540,0442017Revenue 2018: $1,896,308Expenses 2018: $1,161,145Net Income 2018: $735,1632018Revenue 2019: $1,809,842Expenses 2019: $1,614,981Net Income 2019: $194,8612019Revenue 2020: $2,403,941Expenses 2020: $1,483,388Net Income 2020: $920,5532020Revenue 2021: $2,438,283Expenses 2021: $1,176,762Net Income 2021: $1,261,5212021Revenue 2022: $2,093,764Expenses 2022: $1,328,535Net Income 2022: $765,2292022Revenue 2023: $1,460,467Expenses 2023: $1,434,340Net Income 2023: $26,1272023Revenue 2024: $2,446,227Expenses 2024: $1,562,439Net Income 2024: $883,7882024

Highlighted filing

2024

Revenue$2,446,227
Expenses$1,562,439
Net Income$883,788
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$17,661,565
Liabilities
$1,651,022
Net assets
$16,010,543
Revenue
$2,446,227
Expenses
$1,562,439
Net income
$883,788
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.7$1.65$16.0$2.45$1.56$0.88
2023Detailed filing. Detailed filing data is available for this year.$15.3$1.17$14.2$1.46$1.43$0.03
2022Detailed filing. Detailed filing data is available for this year.$14.2$1.16$13.1$2.09$1.33$0.77
2021Detailed filing. Detailed filing data is available for this year.$15.8$0.73$15.0$2.44$1.18$1.26
2020Detailed filing. Detailed filing data is available for this year.$13.0$1.07$11.9$2.40$1.48$0.92
2019Detailed filing. Detailed filing data is available for this year.$12.0$1.26$10.7$1.81$1.61$0.19
2018Detailed filing. Detailed filing data is available for this year.$10.4$0.30$10.1$1.90$1.16$0.74
2017Detailed filing. Detailed filing data is available for this year.$10.6$0.25$10.4$2.65$1.11$1.54
2016Detailed filing. Detailed filing data is available for this year.$8.93$0.21$8.71$1.64$1.48$0.15
2015Detailed filing. Detailed filing data is available for this year.$8.99$0.53$8.46$2.04$1.37$0.67
2014Detailed filing. Detailed filing data is available for this year.$8.17$0.14$8.02$2.92$1.52$1.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.51$0.15$6.36$1.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.90$0.45$5.45$2.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.11$2.17$4.94$1.68
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$0.15$4.38$1.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$4,955,380
Mission and Program Overview

Mission

The CNM Foundation pursues a mission to provide the extra financial assistance necessary for the citizens of Central New Mexico Community College service area to obtain the quality educational opportunities they deserve. The Foundation is committed to the principle that no student should be denied the opportunity for an education due to lack of financial resources.

To ensure that no cnm student is denied an education/vocational training due to lack of finances.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$14,161,747$16,010,543▲ $1,848,796
Investments in Publicly Traded Securities$12,243,311$15,281,184▲ $3,037,873
Savings and Temporary Cash Investments$2,629,029$2,254,865▼ $374,164
Cash and Non-Interest-Bearing Accounts$401,955$48,392▼ $353,563
Accounts Receivable$21,549$48,178▲ $26,629
Pledges and Grants Receivable$31,305$17,976▼ $13,329
Prepaid Expenses and Deferred Charges-$10,970-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$15,327,149$17,661,565▲ $2,334,416
Liabilities
Deferred Revenue$817,176$1,352,844▲ $535,668
Other Liabilities$206,478$294,823▲ $88,345
Accounts Payable and Accrued Expenses$141,748$3,355▼ $138,393
Total Liabilities$1,165,402$1,651,022▲ $485,620
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,161,747$16,010,543▲ $1,848,796
Total Liabilities and Net Assets / Fund Balance$15,327,149$17,661,565▲ $2,334,416

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$11,719,494$270,249▲ $1,478,826-$13,151,767
2022$10,869,541$236,846▲ $931,780-$11,719,494
2021$13,046,424$183,372▼ $1,874,761$11,956$10,869,541
2020$11,417,843$240,317▲ $2,646,143$33,279$13,897,181
2019$9,549,296$1,478,081▲ $821,349$4,277$11,417,843
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Clint WellsSecretaryFT$139,844$139,844

Board Members and Trustees

NameTitle
Mike MertzChair, Development Committee
Laurie DonovanChair, Finance & Investments
Steven AnayaChair, Nominating Committee
Tracy HartzlerMember/CNM President
Keith HartnettPast President
Thomas BrionesPresident
Phillip PrevenderPresident-elect
Adrian ChavezMember
Amy TapiaMember
Barbara LewisMember
Ed GarciaMember
Erin MuffolettoMember
Frank GallegosMember
Jennifer SinsabaughMember
Jessica SanchezMember
Joe FarrMember
Joseph Varro JrMember
Kelly FamigliettaMember
Kent CravensMember
Kirk MeyerMember
Mark GorhamMember
Megan HolubiakMember
Michelle DearholtMember
Ross BusbyMember
Shad S JamesMember
William MartinezMember
Yolanda Montano-lovatoMember
Olivia Padilla-jacksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,774,534
Program Service Revenue
$0
Investment Income
$671,693
Other Revenue
$0
All Other Contributions
$1,774,534
Change in Net Assets
$883,788

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
Other Non Cash Contri Table506$71,032Actual Cost
Food Inventory4,141$2,100Actual Cost
Books and Publications-$1,527Actual Cost
Total Noncash Contributions4,647$74,659-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,349,398
Revenue Not Reported on Financial Statements
$96,829
Revenue Not Reported on Form 990
$986,708
Other Revenue Adjustments
$345
Total Revenue per Audited Statements
$3,336,106
Total Revenue per Form 990
$2,446,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,339,136
Other Expenses$223,303
Total Fundraising Expense$103,191
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,339,136--$1,339,136
Other Expenses--$103,191$103,191
Fees for Service Investment Mgmnt Fees-$96,484-$96,484
Office Expenses-$18,594-$18,594
Conferences and Meetings-$3,724-$3,724
Insurance-$1,310-$1,310
Total Functional Expenses$1,339,136$120,112$103,191$1,562,439

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,562,439
Total Expenses per Audited Statements$1,487,310
Expenses per Audited Statements$1,465,610
Expenses Not Reported on Financial Statements$96,829
Expenses Not Reported on Form 990$21,700
Other Expense Adjustments$345
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Central Nm Community CollegeAlbuquerque, NM-Program Support for Cnm.$660,408
Central Nm Community CollegeAlbuquerque, NM-To Provide Scholarships to Cnm Students.$604,069
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Cnm$290,143
Due to Cnm Ingenuity$4,680
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 B, Line 11B

“After the return is prepared by an independent accounting firm, the members of the board review a copy of the draft and the final form 990 for completeness and accuracy.”

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

“Updated electronic board books are provided to all governing board members. The board members are required to review and sign the conflict of interest policy to indicate there were no conflicts or to disclose and resolve any conflicts. Board members are not allowed to vote on any matters which there is conflict.”

Form 990, Part VI, Section C, Line 18

“Form 990 and form 1023 are available to the public upon request.”

Form 990, Part VI, Section C, Line 19

“The governing documents and financial statements are available upon request. The annual report is distributed to all donors and other interested parties upon request.”

Filing and Contact Details

Filer

Filer Name
Central New Mexico Community College
EIN
85-0338623
Phone
5052244685
Address
525 BUENA VISTA SE, ALBUQUERQUE, NM 87106

Signing Officer

Name
Olivia Padilla-jackson
Title
Treasurer
Phone
5052244685
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Olivia Padilla-jackson
Formed
1985
Legal Domicile
Nm
Voting Board Members
29
Independent Board Members
26
Employees
0
Volunteers
26

Preparer

Firm
Cri Advisors LLC
Address
807 CAMINO DE MONTE REY, SANTA FE, NM 87505
Preparer
Rhonda G Williams
Phone
5059833387
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes on related income under section 501(a) of the internal revenue code (irc) of 1986, as amended, as an organization described in irs section 501(c)3. Further, the foundation has been classified as an organization that is not a private foundation, as such, contributions to the foundation quality for deduction as charitable contributions. The foundation had no unrelated business income during fiscal years 2024 and 2023; therefore, no provision for income taxes is included in the financial statements.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“UNCOLLECTIBLE PLEDGES”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“UNCOLLECTIBLE PLEDGES”

Raw XML AppendixShowing 400 of 757 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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IRS990/ActivityOrMissionDesc0TO ENSURE THAT NO CNM STUDENT IS DENIED AN EDUCATION/VOCATIONAL TRAINING DUE TO LACK OF FINANCES.
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IRS990/Form990PartVIISectionAGrp/PersonNm3CLINT WELLS
IRS990/Form990PartVIISectionAGrp/PersonNm4OLIVIA PADILLA-JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm5TRACY HARTZLER
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE MERTZ
IRS990/Form990PartVIISectionAGrp/PersonNm7STEVEN ANAYA
IRS990/Form990PartVIISectionAGrp/PersonNm8LAURIE DONOVAN
IRS990/Form990PartVIISectionAGrp/PersonNm9ROSS BUSBY
IRS990/Form990PartVIISectionAGrp/PersonNm10KENT CRAVENS
IRS990/Form990PartVIISectionAGrp/PersonNm11MICHELLE DEARHOLT
IRS990/Form990PartVIISectionAGrp/PersonNm12ADRIAN CHAVEZ
IRS990/Form990PartVIISectionAGrp/PersonNm13KELLY FAMIGLIETTA
IRS990/Form990PartVIISectionAGrp/PersonNm14JOE FARR
IRS990/Form990PartVIISectionAGrp/PersonNm15FRANK GALLEGOS
IRS990/Form990PartVIISectionAGrp/PersonNm16ED GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm17MARK GORHAM
IRS990/Form990PartVIISectionAGrp/PersonNm18MEGAN HOLUBIAK
IRS990/Form990PartVIISectionAGrp/PersonNm19SHAD S JAMES
IRS990/Form990PartVIISectionAGrp/PersonNm20BARBARA LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm21WILLIAM MARTINEZ
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IRS990/Form990PartVIISectionAGrp/PersonNm27AMY TAPIA
IRS990/Form990PartVIISectionAGrp/PersonNm28JOSEPH VARRO JR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER/CNM PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR, DEVELOPMENT COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIR, NOMINATING COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIR, FINANCE & INVESTMENTS
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IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28MEMBER
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IRS990/MissionDesc0THE CNM FOUNDATION IS COMMITTED TO THE PRINCIPLE THAT NO CENTRAL NEW MEXICO COMMUNITY COLLEGE STUDENT SHOULD BE DENIED THE OPPORTUNITY FOR AN EDUCATION OR VOCATIONAL TRAINING DUE SOLELY TO A LACK OF FINANCIAL RESOURCES. THE CNM FOUNDATION WORKS TO HELP CNM MEET ITS MISSION TO CREATE EDUCATIONAL OPPORTUNITIES AND COMMUNITY PARTNERSHIPS WHILE PURSUING A LEVEL OF COMMUNITY COLLEGE EXCELLENCE THAT IS WORTHY OF LOCAL AND NATIONAL RECOGNITION.
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