Civic Intelligence

New Mexico Military Institute Foundation Inc

EIN 85-6010718 • 501(c)3 • Roswell, NM

Profile

The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships; and to promote generally the growth, welfare, and maintenance of NMMI.

101 W College BlvdRoswell, NM 88201

www.nmmi.edu/foundation

Siviq Scores

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

Liabilities / Assets

15th percentile

0.01x

Higher debt load relative to assets than 15% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Liabilities / Revenue

28th percentile

0.25x

Higher debt load relative to revenue than 28% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Net Margin

88th percentile

39%

Higher net margin than 88% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$126,813

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

NTEE B • $50M-$100M nonprofits • Source year 2025

Asset Growth

70th percentile

8.7%

Faster asset growth than 70% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Revenue Growth

78th percentile

19%

Faster revenue growth than 78% of similar nonprofits.

NTEE B • $50M-$100M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$93,478,839

Up $7,479,769 (+8.7%) from 2024

Liabilities

Up

$1,297,114

Up $762,646 (+143%) from 2024

Net Assets

Up

$92,181,725

Up $6,717,123 (+7.9%) from 2024

Operations
Liabilities / Revenue28th percentileNet Margin88th percentile

Revenue

Up

$5,187,499

Up $835,816 (+19%) from 2024

Expenses

Up

$3,146,838

Up $284,143 (+9.9%) from 2024

Net Income

Up

$2,040,661

Up $551,673 (+37%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$100M$50M$0Assets 2011: $39,703,753Liabilities 2011: $660,091Net Assets 2011: $39,043,6622011Assets 2012: $38,196,083Liabilities 2012: $596,811Net Assets 2012: $37,599,2722012Assets 2013: $42,022,418Liabilities 2013: $595,540Net Assets 2013: $41,426,8782013Assets 2014: $48,361,745Liabilities 2014: $703,211Net Assets 2014: $47,658,5342014Assets 2015: $49,105,858Liabilities 2015: $824,254Net Assets 2015: $48,281,6042015Assets 2016: $46,969,380Liabilities 2016: $769,412Net Assets 2016: $46,199,9682016Assets 2017: $51,443,300Liabilities 2017: $777,980Net Assets 2017: $50,665,3202017Assets 2018: $54,736,511Liabilities 2018: $812,017Net Assets 2018: $53,924,4942018Assets 2019: $64,313,896Liabilities 2019: $812,153Net Assets 2019: $63,501,7432019Assets 2020: $65,561,639Liabilities 2020: $683,778Net Assets 2020: $64,877,8612020Assets 2021: $81,497,366Liabilities 2021: $697,055Net Assets 2021: $80,800,3112021Assets 2022: $72,248,308Liabilities 2022: $782,016Net Assets 2022: $71,466,2922022Assets 2023: $78,678,506Liabilities 2023: $1,069,522Net Assets 2023: $77,608,9842023Assets 2024: $85,999,070Liabilities 2024: $534,468Net Assets 2024: $85,464,6022024Assets 2025: $93,478,839Liabilities 2025: $1,297,114Net Assets 2025: $92,181,7252025

Highlighted filing

2025

Assets$93,478,839
Liabilities$1,297,114
Net Assets$92,181,725
Open 2025 Filing

Operations Trend

Revenue Growth78th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $1,914,456Expenses 2011: $1,897,408Net Income 2011: $17,0482011Revenue 2012: $2,032,817Expenses 2012: $2,192,144Net Income 2012: -$159,3272012Revenue 2013: $3,445,950Expenses 2013: $1,746,812Net Income 2013: $1,699,1382013Revenue 2014: $5,077,216Expenses 2014: $2,013,943Net Income 2014: $3,063,2732014Revenue 2015: $2,343,371Expenses 2015: $2,211,312Net Income 2015: $132,0592015Revenue 2016: $1,171,346Expenses 2016: $2,377,708Net Income 2016: -$1,206,3622016Revenue 2017: $2,585,571Expenses 2017: $2,018,359Net Income 2017: $567,2122017Revenue 2018: $3,321,736Expenses 2018: $2,048,356Net Income 2018: $1,273,3802018Revenue 2019: $11,000,217Expenses 2019: $2,102,927Net Income 2019: $8,897,2902019Revenue 2020: $2,964,790Expenses 2020: $2,149,666Net Income 2020: $815,1242020Revenue 2021: $2,696,137Expenses 2021: $2,275,432Net Income 2021: $420,7052021Revenue 2022: $5,073,152Expenses 2022: $2,342,210Net Income 2022: $2,730,9422022Revenue 2023: $8,432,637Expenses 2023: $2,704,733Net Income 2023: $5,727,9042023Revenue 2024: $4,351,683Expenses 2024: $2,862,695Net Income 2024: $1,488,9882024Revenue 2025: $5,187,499Expenses 2025: $3,146,838Net Income 2025: $2,040,6612025

Highlighted filing

2025

Revenue$5,187,499
Expenses$3,146,838
Net Income$2,040,661
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$93,478,839
Liabilities
$1,297,114
Net assets
$92,181,725
Revenue
$5,187,499
Expenses
$3,146,838
Net income
$2,040,661
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.5$1.30$92.2$5.19$3.15$2.04
2024Detailed filing. Detailed filing data is available for this year.$86.0$0.53$85.5$4.35$2.86$1.49
2023Detailed filing. Detailed filing data is available for this year.$78.7$1.07$77.6$8.43$2.70$5.73
2022Detailed filing. Detailed filing data is available for this year.$72.2$0.78$71.5$5.07$2.34$2.73
2021Detailed filing. Detailed filing data is available for this year.$81.5$0.70$80.8$2.70$2.28$0.42
2020Summary only. Only limited summary data is available for this year.$65.6$0.68$64.9$2.96$2.15$0.82
2019Summary only. Only limited summary data is available for this year.$64.3$0.81$63.5$11.0$2.10$8.90
2018Summary only. Only limited summary data is available for this year.$54.7$0.81$53.9$3.32$2.05$1.27
2017Summary only. Only limited summary data is available for this year.$51.4$0.78$50.7$2.59$2.02$0.57
2016Summary only. Only limited summary data is available for this year.$47.0$0.77$46.2$1.17$2.38$1.21
2015Summary only. Only limited summary data is available for this year.$49.1$0.82$48.3$2.34$2.21$0.13
2014Summary only. Only limited summary data is available for this year.$48.4$0.70$47.7$5.08$2.01$3.06
2013Summary only. Only limited summary data is available for this year.$42.0$0.60$41.4$3.45$1.75$1.70
2012Summary only. Only limited summary data is available for this year.$38.2$0.60$37.6$2.03$2.19$0.16
2011Summary only. Only limited summary data is available for this year.$39.7$0.66$39.0$1.91$1.90$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 7, 2025
Return Version
2024v5.0
Gross Receipts
$16,975,827
Mission and Program Overview

Mission

The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships; and to promote generally the growth, welfare, and maintenance of NMMI.

The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships and to promote generally the growth, welfare, and maintenance of NMMI.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$53,227,183$57,533,953▲ $4,306,770
Investments in Publicly Traded Securities$16,634,960$19,160,056▲ $2,525,096
Land, Buildings, and Equipment, Net$8,151,401$10,447,786▲ $2,296,385
Savings and Temporary Cash Investments$6,224,211$4,227,395▼ $1,996,816
Cash and Non-Interest-Bearing Accounts$133,183$124,614▼ $8,569
Pledges and Grants Receivable$58,191$0▼ $58,191
Prepaid Expenses and Deferred Charges$3,565$0▼ $3,565
Accounts Receivable$500$1,232▲ $732
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0--
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$85,999,070$93,478,839▲ $7,479,769
Other Assets Total$1,565,876$1,983,803▲ $417,927
Liabilities
Accounts Payable and Accrued Expenses$503,155$844,051▲ $340,896
Deferred Revenue$31,313$453,063▲ $421,750
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$534,468$1,297,114▲ $762,646
Net Assets / Fund Balance
Net Assets With Donor Restrictions$60,696,504$65,373,755▲ $4,677,251
Net Assets Without Donor Restrictions$24,768,098$26,807,970▲ $2,039,872
Total Net Assets Fund Balance$85,464,602$92,181,725▲ $6,717,123
Total Liabilities and Net Assets / Fund Balance$85,999,070$93,478,839▲ $7,479,769

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,691,788$0$0
Other Land Buildings$0$0$0
Land$3,754,379-$0
Equipment$1,619$16,484$0
Leasehold Improvements$0$0$0
Other Securities$2,897,435--
Closely Held Equity Interests$0--
Financial Derivatives$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2025$60,696,503$1,629,448▲ $5,331,636$1,122,641$65,373,755
2024$54,621,394$1,684,048▲ $6,456,510$994,605$60,696,503
2023$49,552,739$3,024,454▲ $3,858,237$932,814$54,621,394
2022$56,385,908$1,425,416▼ $6,595,941$828,054$49,552,739
2021$44,798,013$573,573▲ $12,708,799$748,772$56,385,908
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jimmy BarnesPresident & CEOFT$126,813$126,813

Board Members and Trustees

NameTitle
Kenneth Barbe JrChairman
Jesus SalazarImmediate Past Chairman
Kim GreavesVice Chairman
BG Voris W McBurnette NMMI SuptEx Officio Member
Claire E ChaseMember
Dr Earl A Tres Latimer IIIMember
George M YatesMember
Kevin O ButlerMember
Gregory D SampsonNMMI Regent Appointment
Christina Maria MontoyaNMMI Regent Member
Thomas E JenningsNMMI Regent Member
Dr Jesus R Ramos GarzaSecretary
Frank Spencer IIITreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,629,448
Program Service Revenue
$4,115
Investment Income
$2,864,308
Other Revenue
$689,628
All Other Contributions
$1,629,448
Change in Net Assets
$2,040,661

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,070,578
Revenue Not Reported on Financial Statements
$116,921
Revenue Not Reported on Form 990
$4,684,062
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$9,754,640
Total Revenue per Form 990
$5,187,499
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,560,718
Other Expenses$313,782
Salaries, Compensation, and Employee Benefits$272,338
Total Fundraising Expense$8,101
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,437,678--$2,437,678
Current Officers, Directors, Trustees, and Key Employees$0$134,023$0$134,023
Grants to Domestic Individuals$123,040--$123,040
Fees for Service Investment Mgmnt Fees$92,941$23,980$0$116,921
Other Salaries and Wages$0$66,659$0$66,659
Pension Plan Contributions$0$36,000$0$36,000
Other Employee Benefits$0$21,741$0$21,741
Payroll Taxes$0$13,915$0$13,915
Fees for Services Accounting$0$10,763$0$10,763
Fees for Services Other$1,671$0$8,101$9,772
Office Expenses$0$7,236$0$7,236
Other Expenses$0$4,402$0$4,402
Insurance$0$4,150$0$4,150
Information Technology$0$3,565$0$3,565
Conferences and Meetings$0$2,536$0$2,536
Occupancy$0$600$0$600
Depreciation Depletion$0$405$0$405
Travel$0$259$0$259
Total Functional Expenses$2,726,288$412,449$8,101$3,146,838

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,146,838
Total Expenses per Audited Statements$3,037,517
Expenses per Audited Statements$3,029,917
Expenses Not Reported on Financial Statements$116,921
Expenses Not Reported on Form 990$7,600
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Mexico Military InstituteRoswell, NMNmmiNMMI Cadet Scholarships$1,199,338
New Mexico Military InstituteRoswell, NMNmmiLeadership Programs and Operations$328,367
New Mexico Military InstituteRoswell, NMNmmiAcademic Programs and Projects$263,248
New Mexico Military InstituteRoswell, NMNmmiIntermediate Preparatory Academy Operations Support$200,000
New Mexico Military InstituteRoswell, NMNmmiAthletic Programs$175,203
New Mexico Military InstituteRoswell, NMNmmiAdmissions and Recruiting Programs$142,673
New Mexico Military InstituteRoswell, NMNmmiCadet Activities Programs$51,200
New Mexico Military InstituteRoswell, NMNmmiFaculty and Staff Support Programs$28,893
New Mexico Military InstituteRoswell, NMNmmiAlumni Relations Support Programs$27,249
New Mexico Military InstituteRoswell, NMNmmiFacilities Support$21,507

International Summary

Offices
0
Employees
0
Spending
$20,981,107

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$20,981,107
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0--
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The Foundation has members, but not stockholders. Any person making an annual donation of at least $500 shall be deemed to have met all requirements necessary for membership that year. Any person making a donation of $5,000 or more shall be considered a life member and no further donation is necessary. The Chairman or CEO may, at their discretion, invite individuals to become members without payment. There are no membership fees charged.”

Form 990, Part VI, Section A, Line 7A

“The members (referred to above) elect the rotating members of the Board of Trustees. Each member is entitled to one vote. The rotating members of the Board of Trustees are elected at the Annual Meeting of the members.”

Form 990, Part VI, Section A, Line 7B

“The decisions of the governing body are decided by a majority vote of those Board of Trustees present at all meetings of the Board of Trustees. The Foundation's Executive Committee, made up of six members of the Board of Trustees that includes its CEO, is authorized to act for and on behalf of the Board of Trustees in exercising the Board's authority with respect to all matters affecting the organization, except for: (1) amending, altering or repealing the By-Laws and Articles of Incorporation, (2) appointing, electing or removing any member of any committee or any director or officer, (3) authorizing the sale, lease exchange or mortgage of all or substantially all assets of the Foundation, (4) adopting a plan of merger or consolidation with another corporation, and (5) authorizing the voluntary dissolution of the corporation or revoking proceedings therefore, or adopting a plan for the distribution of the assets of the Foundation.”

Form 990, Part VI, Section A, Line 9

“BARBE, JR., KENNETH V., P. O. Box 2107, Roswell, NM 88202-2107; GREAVES, KIM D., 1410 Post Oak Place, Westlake, TX 76262-9036; RAMOS GARZA, DR. JESUS R., Gomez Morin 909, Jardines de la Rivera 47675, Tepatitlan de Morelos, Jalisco, Mexico; SALAZAR, JESUS, 2521 Elfego Road NW, Albuquerque, NM 87107-3010; SPENCER, III, FRANK, 6646 Paseo De Paz Lane, Anthony, NM 88021-9389; BARNES, JIMMY, 3401 N. Flint, Roswell, NM 88201-7853, BUTLER, KEVIN O., P. O. Box 1171, Midland, TX 79702-1171; CHASE, CLAIRE E., 5242 Willis Avenue, Dallas, TX 75206-6433; JENNINGS, THOMAS E., PO Box 1797, Roswell, NM 88202-1797; LATIMER, III, DR. EARL A. "Tres", 1908 West 27th Street, Roswell, NM 88201-9737; McBURNETTE, BG VORIS W., Ed.D., #1 Campus Circle, Roswell, NM 88201-5174; MONTOYA, MARIA CHRISTINA, 101 Riata Trail SE, Rio Rancho, NM 87124-5940; SAMPSON, GREGORY D., 205 Yoakum Parkway #1714, Alexandria, VA 22304-3844; YATES, GEORGE M., 7711 Glen Albens Circle, Dallas, TX 75225.”

Form 990, Part VI, Section B, Line 11B

“The final Form 990, including required schedules and other attachments, was provided to all members of the Board of Trustees for review and comment prior to filing with the Internal Revenue Service. Additionally, the Chairman of the Board of Trustees and President & CEO reviewed and discussed the final Form 990, including required schedules and other attachments, prior to filing with the Internal Revenue Service.”

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

“Each member of the the Board of Trustees and all employees of the Foundation are required to disclose annually in writing any interests that could give rise to conflicts of interest as well as abide by the Foundation Conflict of Interest Policy. In accordance with the policy, if a conflict of interest arises with a voting member of the Board of Trustees, that member must recuse themself from any and all votes in regard to the matter in conflict. If a conflict is disclosed or arises during the year, the Board of Trustees will review the situation and then determine the proper action for the Foundation. The President & CEO and at least one other Board Member review all disbursements of the Foundation. Financial statements, budget and investment information are provided to the Executive Committee monthly for review.”

Form 990, Part VI, Section B, Line 15

“The five independent members of the Executive Committee of the Foundation annually review the salaries and benefits of the Foundation employees, which are the (1) President & CEO and (2) Administrative Specialist. Upon review of historical and comparable data, the Executive Committee sets the salaries for the upcoming fiscal year. The entire Board of Trustees approves these salaries and benefits in conjunction with approving the annual budget.”

Form 990, Part VI, Section C, Line 19

“The following documents are available at the Foundation's website at: www.nmmi.edu/foundation 1. Current audited financial statements, 2. Complete Form 990, schedules and attachments for the most current three fiscal years, 3. Articles of Incorporation and By-Laws, 4. Conflict of Interest Policy. The above documents are also available upon request.”

Filing and Contact Details

Filer

Filer Name
New Mexico Military Institute Foundation Inc
EIN
85-6010718
Phone
5756248035
Address
101 W College Blvd, Roswell, NM 88201

Signing Officer

Name
Jimmy Barnes
Title
President & CEO
Phone
5756248035
Signed
2025-11-07

Organization Details

Principal Officer
Jimmy Barnes
Formed
1945
Legal Domicile
Nm
Voting Board Members
13
Independent Board Members
12
Employees
2
Volunteers
0
Supplemental Narrative

Financial Statement Notes

Schedule D, Part III, Line 4

“The NMMI Foundation received a donation on December 22, 1999 of a sketchbook entitled "Excerpts From My Sketchbook - 1944" by Peter Hurd. The sketchbook was appraised at $50,000. On July 18, 2019 the Foundation received a donation of two Peter Hurd sketches valued at $4,360. An original painting was created from one of the sketches and is currently hanging in the War Department. In accordance with the donor's wishes the sketchbook and sketches are displayed in the NMMI Toles Learning Center and are properly maintained, preserved and protected from fire, theft, vandalism and other elements. Peter Hurd, a very prominent artist, was a Life Magazine war correspondent when he did the sketchbook. Acquisition and display of the sketchbook and sketches furthers the Foundation's exempt purpose of supporting the educational mission of NMMI.”

Schedule D, Part V, Line 4

“NMMI Foundation endowment funds are invested in perpetuity to provide financial support for NMMI projects and programs. Projects and programs include cadet scholarships, leadership center activities, professorships and chairs, academic excellence programs, athletic programs and other programs that promote the growth, welfare and maintenance of NMMI.”

Schedule D, Part XI, Line 2D

“Interfund Transfer of $3,600”

Schedule D, Part XII, Line 2D

“Interfund Transfer of $3,600”

Raw XML AppendixShowing 400 of 967 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/Desc0The NMMI Foundation maintains about 180 endowed scholarship funds and over 20 annual donor scholarship funds for the benefit of NMMI cadets. Earnings from the endowments and annual donations are paid directly to NMMI to provide scholarships to NMMI cadets at the high school and junior college level. The scholarships have varying criteria specified by the donors; for example scholarships may include merit-based and/or need-based requirements. NMMI has established a Scholarship Committee that facilitates the fair and impartial granting of all scholarships in accordance with NMMI policies and procedures and donor stipulations. NMMI estimates that nearly 98% of cadets in the junior college program receive some form of financial assistance, which includes scholarship funding. Nearly 85% of the high school cadets receive some scholarship assistance. NMMI's maximum capacity is about 1,000 cadets. 308 cadets received scholarships from Foundation provided funds in the 2024-2025 school year. It is estimated that 350 cadets will receive scholarships during the 2025-2026 school year.
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IRS990/Form990PartVIISectionAGrp/PersonNm0Jimmy Barnes
IRS990/Form990PartVIISectionAGrp/PersonNm1Jesus Salazar
IRS990/Form990PartVIISectionAGrp/PersonNm2Kenneth Barbe Jr
IRS990/Form990PartVIISectionAGrp/PersonNm3Dr Jesus R Ramos Garza
IRS990/Form990PartVIISectionAGrp/PersonNm4Kim Greaves
IRS990/Form990PartVIISectionAGrp/PersonNm5Kevin O Butler
IRS990/Form990PartVIISectionAGrp/PersonNm6Thomas E Jennings
IRS990/Form990PartVIISectionAGrp/PersonNm7Christina Maria Montoya
IRS990/Form990PartVIISectionAGrp/PersonNm8BG Voris W McBurnette NMMI Supt
IRS990/Form990PartVIISectionAGrp/PersonNm9Claire E Chase
IRS990/Form990PartVIISectionAGrp/PersonNm10Dr Earl A Tres Latimer III
IRS990/Form990PartVIISectionAGrp/PersonNm11Gregory D Sampson
IRS990/Form990PartVIISectionAGrp/PersonNm12George M Yates
IRS990/Form990PartVIISectionAGrp/PersonNm13Frank Spencer III
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/MissionDesc0The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships; and to promote generally the growth, welfare, and maintenance of NMMI.
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