Civic Intelligence

Arrowhead Center Inc.

990 • Fiscal year 2016 • EIN 85-0379663

Jul 01, 2015 to Jun 30, 2016 • Filed on May 12, 2016

Organization ProfileARROWHEADCENTER.NMSU.EDU
PO Box 30001 Msc 700Las Cruces, NM 88003-8001

(575) 646-6120

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

38th percentile

0.01x

Higher debt load relative to revenue than 38% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

15th percentile

-19%

Higher net margin than 15% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$385,000

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 51.2% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

71st percentile

17%

Faster revenue growth than 71% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$707,537

Down $159,616 (-18%) from 2015

Net Assets

Down

$698,236

Down $142,851 (-17%) from 2015

Liabilities

Down

$9,301

Down $16,765 (-64%) from 2015

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin15th percentile

Revenue

Up

$751,487

Up $107,233 (+17%) from 2015

Expenses

Up

$894,338

Up $41,787 (+4.9%) from 2015

Net Income

Up

-$142,851

Up $65,446 (+31%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $973,515Liabilities 2011: $20,352Net Assets 2011: $953,1632011Assets 2012: $686,014Liabilities 2012: $7,292Net Assets 2012: $678,7222012Assets 2013: $1,566,375Liabilities 2013: $7,298Net Assets 2013: $1,559,0772013Assets 2014: $1,088,022Liabilities 2014: $38,638Net Assets 2014: $1,049,3842014Assets 2015: $867,153Liabilities 2015: $26,066Net Assets 2015: $841,0872015Assets 2016: $707,537Liabilities 2016: $9,301Net Assets 2016: $698,2362016Assets 2017: $920,201Liabilities 2017: $104,459Net Assets 2017: $815,7422017Assets 2018: $1,164,692Liabilities 2018: $83,328Net Assets 2018: $1,081,3642018Assets 2019: $1,242,676Liabilities 2019: $56,086Net Assets 2019: $1,186,5902019Assets 2020: $1,471,107Liabilities 2020: $45,940Net Assets 2020: $1,425,1672020Assets 2021: $16,516,660Liabilities 2021: $14,791,058Net Assets 2021: $1,725,6022021Assets 2022: $16,152,327Liabilities 2022: $14,409,115Net Assets 2022: $1,743,2122022Assets 2023: $16,116,118Liabilities 2023: $14,084,008Net Assets 2023: $2,032,1102023Assets 2024: $15,873,337Liabilities 2024: $13,730,984Net Assets 2024: $2,142,3532024

Highlighted filing

2016

Assets$707,537
Liabilities$9,301
Net Assets$698,236
Open 2016 Filing

Operations Trend

Revenue Growth71st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $489,798Expenses 2011: $404,932Net Income 2011: $84,8662011Revenue 2012: $567,691Expenses 2012: $842,132Net Income 2012: -$274,4412012Expenses 2013: $517,7602013Revenue 2014: $1,172,392Expenses 2014: $806,437Net Income 2014: $365,9552014Revenue 2015: $644,254Expenses 2015: $852,551Net Income 2015: -$208,2972015Revenue 2016: $751,487Expenses 2016: $894,338Net Income 2016: -$142,8512016Revenue 2017: $883,301Expenses 2017: $765,795Net Income 2017: $117,5062017Revenue 2018: $923,398Expenses 2018: $657,776Net Income 2018: $265,6222018Revenue 2019: $875,715Expenses 2019: $770,489Net Income 2019: $105,2262019Revenue 2020: $904,708Expenses 2020: $666,131Net Income 2020: $238,5772020Revenue 2021: $845,145Expenses 2021: $544,710Net Income 2021: $300,4352021Revenue 2022: $795,213Expenses 2022: $777,603Net Income 2022: $17,6102022Revenue 2023: $1,086,781Expenses 2023: $797,883Net Income 2023: $288,8982023Revenue 2024: $1,086,039Expenses 2024: $975,796Net Income 2024: $110,2432024

Highlighted filing

2016

Revenue$751,487
Expenses$894,338
Net Income-$142,851
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 12, 2016
Return Version
2015v3.0
Gross Receipts
$751,487
Mission and Program Overview

Mission

To promote prosperity and public welfare in new mexico through economic development.

To foster economic development in nm in support of nmsu's mission, focusing on technology commercialization, entrepreneurship, research park development, business incubation and economic studies/policy analysis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$841,087$698,236▼ $142,851
Cash and Non-Interest-Bearing Accounts$791,614$622,924▼ $168,690
Other Notes and Loans Receivable, Net$18,034$43,341▲ $25,307
Investments Other Securities$32,427$32,427→ $0
Accounts Receivable$25,078$8,845▼ $16,233
Total Assets$867,153$707,537▼ $159,616
Liabilities
Escrow Account Liability$590$5,836▲ $5,246
Accounts Payable and Accrued Expenses$17,662$2,893▼ $14,769
Deferred Revenue$7,814$572▼ $7,242
Total Liabilities$26,066$9,301▼ $16,765
Net Assets / Fund Balance
Total Net Assets Fund Balance$841,087$698,236▼ $142,851
Total Liabilities and Net Assets / Fund Balance$867,153$707,537▼ $159,616
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Vimal ChaitanyaVice Pres/se--$206,506$206,506
Wayne SavageExecutive DiFT$140,000-$140,000
Steve StochajDirector--$117,679$117,679
Kathryn R HansenChief Exec.--$115,418$115,418
Jorge RamosDir, Bus DevFT$110,000-$110,000
Donald Pope-davisDirector--$87,803$87,803
Robert MacyDirector--$58,537$58,537

Board Members and Trustees

NameTitle
Kevin BobergPresident
Amanda Lopez AskinDirector
Daniel HowardDirector
Davin LopezDirector
Donna WagnerDirector
Enrico PontelliDirector
Garrey CarruthersDirector
Jackie Kerby MooreDirector
James C Manatt JrDirector
James HoffmanDirector
Jim LibbinDirector
Jon BarelaDirector
Michael CheneyDirector
Roldan TrujilloDirector
Angela ThroneberryTreasurer
Vimal ChaitanyaVice Pres/secy
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$751,487
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-142,851

Audited Revenue Reconciliation

Revenue per Audited Statements
$751,487
Total Revenue per Audited Statements
$751,487
Total Revenue per Form 990
$751,487
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$506,668
Salaries, Compensation, and Employee Benefits$387,670
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$324,040$25,208-$349,248
Occupancy$219,482--$219,482
Fees for Services Other$67,626--$67,626
Travel$34,379--$34,379
Payroll Taxes$24,040$2,119-$26,159
Fees for Services Accounting-$23,276-$23,276
Office Expenses$18,903$597-$19,500
Insurance-$17,046-$17,046
Pension Plan Contributions$9,257$468-$9,725
Fees for Services Legal$4,654--$4,654
Other Expenses$4,500$1,459-$4,500
Other Employee Benefits-$2,538-$2,538
Conferences and Meetings$1,545--$1,545
All Other Expenses$836--$836
Information Technology$50--$50
Total Functional Expenses$809,906$84,432$0$894,338

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$894,338
Total Expenses per Audited Statements$894,338
Total Expenses per Form 990$894,338
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

“The entire board of directors shall be appointed by the regents of new mexico state university.”

Form 990, Page 6, Part VI, Line 7B

“Amendments to the bylaws and articles of incorporation are subject to approval by the nmsu board of regents.”

Form 990, Page 6, Part VI, Line 11B

“A draft of form 990 is provided by the cpa firm to the organization's chief executive officer (ceo) for review.”

Form 990, Page 6, Part VI, Line 12C

“The organization utilizes conflict of interest/disclosure forms in order for all interested persons (as defined by the policy) to disclose the existence of any actual or potential conflicts of interest. The forms are reviewed by the audit committee/ president of the board of directors who determine in accordance with the policy whether the appearance of a conflict of interest exists. If it is determined that the appearance of a conflict exists, the audit committee/president of the board of directors reports to the board of directors and the interested person is given the opportunity to disclose all material facts. If after the hearing the interested person's response and after making further investigation as warranted by the circumstances it is determined that a conflict of interest does exist, if the interested person disclosed the conflict, then it is determines if there is an alternative management plan, and if not then the interested person is removed from the decision making role. If it is determined that the interested person has failed to disclose an appearance of conflict of interest, appropriate disciplinary and corrective action is taken by the board of directors.”

Form 990, Page 6, Part VI, Line 19

“Arrowhead center, inc. Makes its governing documents, conflict of interest policy, and financial statements available to the public upon request i.e., by contacting arrowhead center, inc.'s ceo.”

Filing and Contact Details

Filer

Filer Name
Arrowhead Center Inc
EIN
85-0379663
Phone
5756466120
Address
PO BOX 30001 MSC 700, LAS CRUCES, NM 88003-8001

Signing Officer

Name
Kevin Boberg
Title
President
Phone
5756464154
Signed
2016-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Boberg
Formed
1989
Legal Domicile
Nm
Voting Board Members
20
Independent Board Members
5
Employees
4

Preparer

Firm
Gibson Ruddock Patterson LLC
Address
600 SUNLAND PARK DR STE 6-300, EL PASO, TX 79912-5167
Preparer
Brenda Yeager
Phone
9153563700
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Tenant security deposits: new tenants are required to make security deposits, which are refunded when the tenant leaves, subject to reduction for repairs necessitated by damages caused by the tenant during occupancy.”

Schedule D, Page 4, Part XIII

“The net assets reported on form 990 differ from the net assets in the audited financial statements by 18,034. In the year ended june 30, 2015,legal fees paid for arrowhead innovation fund lp were expensed for financial statement purposes; for tax purposes, these costs were captialized.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF EXEC.
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0NEW MEXICO STATE UNIVERSITY

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$707,537
Liabilities
$9,301
Net assets
$698,236
Revenue
$751,487
Expenses
$894,338
Net income
-$142,851
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$15.9$13.7$2.14$1.09$0.98$0.11
2023Detailed filing. Detailed filing data is available for this year.$16.1$14.1$2.03$1.09$0.80$0.29
2022Detailed filing. Detailed filing data is available for this year.$16.2$14.4$1.74$0.80$0.78$0.02
2021Detailed filing. Detailed filing data is available for this year.$16.5$14.8$1.73$0.85$0.54$0.30
2020Detailed filing. Detailed filing data is available for this year.$1.47$0.05$1.43$0.90$0.67$0.24
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.06$1.19$0.88$0.77$0.11
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.08$1.08$0.92$0.66$0.27
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.10$0.82$0.88$0.77$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.01$0.70$0.75$0.89$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.87$0.03$0.84$0.64$0.85$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.09$0.04$1.05$1.17$0.81$0.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.01$1.56$0.52
2012Summary only. Only limited summary data is available for this year.$0.69$0.01$0.68$0.57$0.84$0.27
2011Summary only. Only limited summary data is available for this year.$0.97$0.02$0.95$0.49$0.40$0.08