Liabilities / Assets
30th percentile
Higher debt load relative to assets than 30% of similar nonprofits.
EIN 85-0482958 • 501(c)4 • Tijeras, NM
Profile
To make debt or equity investments to support new or expanding businesses in the state of new mexico, to create new job opportunities, and to implement the new mexico small business investment act.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
30th percentile
Higher debt load relative to assets than 30% of similar nonprofits.
Liabilities / Revenue
54th percentile
Higher debt load relative to revenue than 54% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
33rd percentile
Higher top officer pay than 33% of similar nonprofits.
Top officer pay equals 0.9% of source-year revenue.
Asset Growth
78th percentile
Faster asset growth than 78% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Assets
Up$190,068,247
Up $33,130,567 (+21%) from 2024
Liabilities
Up$9,117,064
Up $4,586,806 (+101%) from 2024
Net Assets
Up$180,951,183
Up $28,543,761 (+19%) from 2024
Revenue
Down$28,785,359
Down $2,192,379 (-7.1%) from 2024
Expenses
Down$472,124
Down $10,538 (-2.2%) from 2024
Net Income
Down$28,313,235
Down $2,181,841 (-7.2%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
To make debt or equity investments to support new or expanding businesses in the state of new mexico, to create new job opportunities, and to implement the new mexico small business investment act.
To make debt or equity investments to support new or expanding businesses in the state of new mexico
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Rtn Earn Endowment Incm Other Fnds | $152,407,422 | $180,951,183 | ▲ $28,543,761 |
| Investments Program Related | $110,183,167 | $121,825,560 | ▲ $11,642,393 |
| Savings and Temporary Cash Investments | $38,865,348 | $57,880,488 | ▲ $19,015,140 |
| Investments Other Securities | $7,506,250 | $9,976,055 | ▲ $2,469,805 |
| Accounts Receivable | $349,471 | $365,491 | ▲ $16,020 |
| Cash and Non-Interest-Bearing Accounts | $19,793 | $14,712 | ▼ $5,081 |
| Prepaid Expenses and Deferred Charges | $13,651 | $5,941 | ▼ $7,710 |
| Total Assets | $156,937,680 | $190,068,247 | ▲ $33,130,567 |
| Liabilities | |||
| Other Liabilities | $4,503,110 | $9,088,371 | ▲ $4,585,261 |
| Accounts Payable and Accrued Expenses | $27,148 | $28,693 | ▲ $1,545 |
| Total Liabilities | $4,530,258 | $9,117,064 | ▲ $4,586,806 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $152,407,422 | $180,951,183 | ▲ $28,543,761 |
| Total Liabilities and Net Assets / Fund Balance | $156,937,680 | $190,068,247 | ▲ $33,130,567 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $5,298 | - | - |
| Other Securities | $9,976,055 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| - | Exec Dir/inv | FT | $246,348 | - | $246,348 |
| - | Exec Dir/invest Adv | - | $211,348 | $35,000 | $246,348 |
| Name | Title |
|---|---|
| Joshua Smith | Chair |
| Anne Beckett | Vice Chair |
| Joshua Grassham | Director |
| Kristina Alley | Director |
| Laura Montoya | Director |
| Sayuri Yamada | Director |
| Robert Valdiviez | Secretary/tr |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Russ Cummins Rdc Advisors LLC | Financial Advis | 37 CALLE VALLECITOS, Tijeras, NM 87059 | $246,348 |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $262,373 |
| Other Expenses | $209,751 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $166,716 | $95,657 | - | $262,373 |
| Fees for Services Accounting | - | $52,322 | - | $52,322 |
| Fees for Services Other | - | $42,931 | - | $42,931 |
| Fees for Services Legal | - | $22,405 | - | $22,405 |
| Occupancy | - | $11,825 | - | $11,825 |
| Insurance | - | $5,600 | - | $5,600 |
| Other Expenses | $31,374 | $2,633 | - | $2,633 |
| All Other Expenses | - | $2,145 | - | $2,145 |
| Conferences and Meetings | - | $394 | - | $394 |
| Total Functional Expenses | $231,525 | $240,599 | $0 | $472,124 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $472,124 |
| Total Expenses per Audited Statements | $472,124 |
| Total Expenses per Form 990 | $472,124 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Debt Funding Payable (net) | $5,608,660 |
| Due to State of Nm Severance Tax | $3,479,711 |
“The governor of the state of new mexico shall appoint, with the consent of the senate of the state of new mexico, six public directors of the board who shall serve at the pleasure of the governor. The governor's appointees to the board shall be public members who have general expertise in small business management, but they shall not be employed by or represent small businesses receiving equity investments from the corporation.”
“A copy of the form 990 will be provided to each board member and approved by the board.”
“Members of the board are required annually to review the conflict of interest policy and certify as to compliance.”
“The process for determining compensation for the nmsbic's executive director/investment advisor includes a review of comparability data performed by nmsbic's legal counsel, which is reviewed and taken into consideration by the nmsbic board of directors in the deliberation and decision process for approving such compensation.”
“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. The organization annually files a report to the stated entities as required by the new mexico statute, to the governor and legislative finance committee.”
“Nm small business invest corp”
“Form 990, part ix, line 11c total of 52,322 includes the following: accounting services: 15,676 audit services: 32,266 tax preparation services: 4,380”
“Line 3b- reason for not undergoing required audit- the organization did not receive any federal awards.”
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/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 27148 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 28693 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 349471 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 365491 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | TO MAKE DEBT OR EQUITY INVESTMENTS TO SUPPORT NEW OR EXPANDING BUSINESSES IN THE STATE OF NEW MEXICO |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 2145 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 2145 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | false |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | DEE BRESCIA |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5052954053 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 5119 HIGH DESERT PLACE NE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | ALBUQUERQUE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 87111 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 19793 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 14712 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 95657 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 166716 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 262373 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt | 0 | 394 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 394 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 246348 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | 37 CALLE VALLECITOS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | TIJERAS |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 87059 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | RUSS CUMMINS RDC ADVISORS LLC |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | FINANCIAL ADVIS |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 2100184 |
| IRS990/CYOtherExpensesAmt | 0 | 209751 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 26685175 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 28313235 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 262373 |
| IRS990/CYTotalExpensesAmt | 0 | 472124 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 28785359 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/Desc | 0 | THE ORGANIZATION'S LENDING PROGRAM IS ITS PRIMARY PROGRAM. THE LENDING PROGRAM PROVIDES FUNDING, THROUGH LENDING PARTNERS, TO SMALL BUSINESSES IN NEW MEXICO THAT DO NOT HAVE ACCESS TO FUNDING FROM TRADITIONAL BANKS. DURING THE TWELVE MONTHS ENDED JUNE 30, 2025, THE NMSBIC PROVIDED FUNDS FOR 117 SMALL BUSINESS LOANS TOTALING 23.7 MILLION AND SUPPORTING 634 JOBS IN NEW MEXICO. THE TOTAL LOANS OUTSTANDING INCREASED FROM 97.2 MILLION TO 108.7 MILLION. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | NM SMALL BUSINESS INVEST CORP |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 216883 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 52322 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 52322 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 22405 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 22405 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 42931 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 42931 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 3.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 4.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 8.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt | 0 | RUSS CUMMINS (RDC ADVISORS LLC) |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | SAYURI YAMADA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | JOSHUA GRASSHAM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KRISTINA ALLEY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | LAURA MONTOYA |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | ROBERT VALDIVIEZ |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | ANNE BECKETT |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOSHUA SMITH |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 246348 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | SECRETARY/TR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | EXEC DIR/INV |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2000 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 28785359 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 5600 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 5600 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 2100184 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2100184 |
| IRS990/InvestmentInJointVentureInd | 0 | true |
| IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt | 0 | 7506250 |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 9976055 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 110183167 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 121825560 |
| IRS990/IRPDocumentCnt | 0 | 4 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | NM |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | TO MAKE DEBT OR EQUITY INVESTMENTS TO SUPPORT NEW OR EXPANDING BUSINESSES IN THE STATE OF NEW MEXICO, TO CREATE NEW JOB OPPORTUNITIES, AND TO IMPLEMENT THE NEW MEXICO SMALL BUSINESS INVESTMENT ACT. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 152407422 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 180951183 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 230526 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 11825 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 11825 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherExpensesGrp/Desc | 0 | PROVISION FOR LOAN LOSSES |
| IRS990/OtherExpensesGrp/Desc | 1 | FINANCE NEW MEXICO |
| IRS990/OtherExpensesGrp/Desc | 2 | DUES & SUBSCRIPTIONS |
| IRS990/OtherExpensesGrp/Desc | 3 | BANK SERVICE CHARGES |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 4687 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 2633 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 33435 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 31374 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 33435 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 31374 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4687 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 2633 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 4503110 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 9088371 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 13651 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 5941 |
| IRS990/PrincipalOfficerNm | 0 | JOSHUA SMITH |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 525900 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 1 | 525900 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | LENDING PROG. INVEST EARNINGS |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | EQUITY PROG. INVEST. EARNINGS |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 26628949 |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 1 | 56226 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 26628949 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 1 | 56226 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | THE ORGANIZATION ALSO HAS AN EQUITY PROGRAM THAT HISTORICALLY MADE INVESTMENTS IN VENTURE CAPITAL EQUITY FUNDS. NO NEW EQUITY INVESTMENT COMMITMENTS HAVE BEEN MADE IN RECENT YEARS, BUT THERE ARE OUTSTANDING INVESTMENTS FROM PRIOR YEARS. TOTAL EQUITY INVESTMENTS OUTSTANDING WERE 1.6 MILLION AS OF JUNE 30, 2025. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 14642 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 56226 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 1676922 |
| IRS990/PYOtherExpensesAmt | 0 | 241400 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 29300816 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 30495076 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 241262 |
| IRS990/PYTotalExpensesAmt | 0 | 482662 |
| IRS990/PYTotalRevenueAmt | 0 | 30977738 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 28313235 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | true |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | true |
| IRS990/RevenueAmt | 0 | 26628949 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 152407422 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 180951183 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 38865348 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 57880488 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 472124 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 32540278 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 1 | 31063271 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 2 | 20000000 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 3 | 11547420 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 4 | 10891819 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 5 | 9966140 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 6 | 3466667 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 7 | 1551538 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 8 | 617697 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 9 | 94341 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 10 | 81091 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 11 | 5298 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | VENTANA FUND |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 1 | NMCDLF INC |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 2 | CLEARINGHOUSE CDFI |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 3 | HOMEWISE INC |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 4 | NM ST INVEST COUNCIL |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 5 | RBC SBA POOL |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 6 | DREAMSPRING 2 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 7 | VERGE FUND I II COMBINED, LP |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 8 | NOTES RECEIVABLE-CINNAFILM |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 9 | NOTES RECEIVABLE-NUVITA |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 10 | WESST CORP |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 11 | DREAMSPRING 3 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 1 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 2 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 3 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 4 | F |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 5 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 6 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 7 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 8 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 9 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 10 | C |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 11 | C |
| IRS990ScheduleD/NetUnrealizedGainsInvstAmt | 0 | 230526 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 5608660 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 3479711 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DEBT FUNDING PAYABLE (NET) |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DUE TO STATE OF NM SEVERANCE TAX |
| IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt | 0 | 9976055 |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | US TREASURY BONDS |
| IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd | 0 | F |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 230526 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 28785359 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 121825560 |
| IRS990ScheduleD/TotalBookValueSecuritiesAmt | 0 | 9976055 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 472124 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 9088371 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 28785359 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 29015885 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 472124 |
| IRS990ScheduleJ/AnyNonFixedPaymentsInd | 0 | false |
| IRS990ScheduleJ/BoardOrCommitteeApprovalInd | 0 | X |
| IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd | 0 | false |
| IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd | 0 | false |
| IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd | 0 | false |
| IRS990ScheduleJ/EquityBasedCompArrngmInd | 0 | false |
| IRS990ScheduleJ/InitialContractExceptionInd | 0 | false |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 211348 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 35000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt | 0 | RUSS CUMMINS (RDC ADVISORS LLC) |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | EXEC DIR/INVEST ADV |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 246348 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | false |
| IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt | 0 | THE ORGANIZATION DOES NOT PROVIDE ANY HEALTH INSURANCE OR RETIREMENT BENEFITS, NOR DOES IT COVER GROSS RECEIPTS TAX OR THE EMPLOYER PORTION OF FICA AND MEDICARE TAXES FOR THE INDEPENDENT CONTRACTOR. |
| IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE J, PART III |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | false |
| IRS990ScheduleJ/WrittenEmploymentContractInd | 0 | X |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | NM SMALL BUSINESS INVEST CORP |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FORM 990, PART IX, LINE 11C TOTAL OF 52,322 INCLUDES THE FOLLOWING: ACCOUNTING SERVICES: 15,676 AUDIT SERVICES: 32,266 TAX PREPARATION SERVICES: 4,380 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE GOVERNOR OF THE STATE OF NEW MEXICO SHALL APPOINT, WITH THE CONSENT OF THE SENATE OF THE STATE OF NEW MEXICO, SIX PUBLIC DIRECTORS OF THE BOARD WHO SHALL SERVE AT THE PLEASURE OF THE GOVERNOR. THE GOVERNOR'S APPOINTEES TO THE BOARD SHALL BE PUBLIC MEMBERS WHO HAVE GENERAL EXPERTISE IN SMALL BUSINESS MANAGEMENT, BUT THEY SHALL NOT BE EMPLOYED BY OR REPRESENT SMALL BUSINESSES RECEIVING EQUITY INVESTMENTS FROM THE CORPORATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | A COPY OF THE FORM 990 WILL BE PROVIDED TO EACH BOARD MEMBER AND APPROVED BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MEMBERS OF THE BOARD ARE REQUIRED ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY AND CERTIFY AS TO COMPLIANCE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE PROCESS FOR DETERMINING COMPENSATION FOR THE NMSBIC'S EXECUTIVE DIRECTOR/INVESTMENT ADVISOR INCLUDES A REVIEW OF COMPARABILITY DATA PERFORMED BY NMSBIC'S LEGAL COUNSEL, WHICH IS REVIEWED AND TAKEN INTO CONSIDERATION BY THE NMSBIC BOARD OF DIRECTORS IN THE DELIBERATION AND DECISION PROCESS FOR APPROVING SUCH COMPENSATION. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION ANNUALLY FILES A REPORT TO THE STATED ENTITIES AS REQUIRED BY THE NEW MEXICO STATUTE, TO THE GOVERNOR AND LEGISLATIVE FINANCE COMMITTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | LINE 3B- REASON FOR NOT UNDERGOING REQUIRED AUDIT- THE ORGANIZATION DID NOT RECEIVE ANY FEDERAL AWARDS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 1, ITEM C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | FORM 990, PART XII |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 156937680 |
| IRS990/TotalAssetsEOYAmt | 0 | 190068247 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 156937680 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 190068247 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 240599 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 231525 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 472124 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 4530258 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 9117064 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 4530258 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 9117064 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 152407422 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 180951183 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 231525 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 26685175 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 246348 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 2100184 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 26685175 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 28785359 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 156937680 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 190068247 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | PO BOX 1211 |
| IRS990/USAddress/CityNm | 0 | TIJERAS |
| IRS990/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990/USAddress/ZIPCd | 0 | 87059 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | WWW.NMSBIC.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| IRS990/WrittenPolicyOrProcedureInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JOSHUA SMITH |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CHAIR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5052747789 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-02-20 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SMALL BUSINESS INVESTMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SMAL |
| ReturnHeader/Filer/EIN | 0 | 850482958 |
| ReturnHeader/Filer/PhoneNum | 0 | 5052747789 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 1211 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | TIJERAS |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 87059 |
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