Liabilities / Assets
68th percentile
Higher debt load relative to assets than 68% of similar nonprofits.
New Mexico Angels Inc
EIN 86-1060547 • 501(c)6 • Albuquerque, NM
Profile
To bring technology-based firms and other persons with innovative products and services and individuals and companies interested in investing in technology-based firms together to forge investments and venture capital opportunities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.02x
Liabilities / Revenue
63rd percentile
Higher debt load relative to revenue than 63% of similar nonprofits.
Net Margin
78th percentile
Higher net margin than 78% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 2.8% of source-year revenue.
Asset Growth
92nd percentile
Faster asset growth than 92% of similar nonprofits.
Revenue Growth
90th percentile
Faster revenue growth than 90% of similar nonprofits.
Balance Sheet
Assets
Up$206,025
Up $106,640 (+107%) from 2023
Liabilities
Down$3,634
Down $4,703 (-56%) from 2023
Net Assets
Up$202,391
Up $111,343 (+122%) from 2023
Revenue
Up$465,415
Up $205,870 (+79%) from 2023
Expenses
Up$354,072
Up $103,393 (+41%) from 2023
Net Income
Up$111,343
Up $102,477 (+1156%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $206,025
- Liabilities
- $3,634
- Net assets
- $202,391
- Revenue
- $465,415
- Expenses
- $354,072
- Net income
- $111,343
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 19, 2025
- Return Version
- 2024v5.1
- Gross Receipts
- $465,415
Mission and Program Overview
Mission
To provide opportunities where its members can obtain outstanding financial returns by investing in early-stage companies in New Mexico and the Southwest Region and accelerating them to market leadership. New Mexico Angels work with the venture capital community and angel groups in the Southwestern area.
To provide opportunities where its members can obtain financial returns by investing in ealry-state companies in new mexico and the southwest region and accelerating them to market leadership. New mexico angels works with the venture capital community and angel groups in the southwestern area.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Investments Program Related | - | $100,587 | - |
| Savings and Temporary Cash Investments | $69,266 | $65,385 | ▼ $3,881 |
| Cash and Non-Interest-Bearing Accounts | $29,769 | $39,703 | ▲ $9,934 |
| Total Assets | $99,385 | $206,025 | ▲ $106,640 |
| Other Assets Total | $350 | $350 | → $0 |
| Liabilities | |||
| Other Liabilities | $5,308 | $3,634 | ▼ $1,674 |
| Accounts Payable and Accrued Expenses | $3,029 | $0 | ▼ $3,029 |
| Total Liabilities | $8,337 | $3,634 | ▼ $4,703 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $91,048 | $101,804 | ▲ $10,756 |
| Net Assets With Donor Restrictions | $0 | $100,587 | ▲ $100,587 |
| Total Net Assets Fund Balance | $91,048 | $202,391 | ▲ $111,343 |
| Total Liabilities and Net Assets / Fund Balance | $99,385 | $206,025 | ▲ $106,640 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $1,621 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Base | Total |
|---|---|---|---|
| David Perez | Chairman | $12,844 | $12,844 |
Board Members and Trustees
| Name | Title |
|---|---|
| Drew Tulchin | President |
| Alan Kirk | Board Member |
| Arlene Young | Board Member |
| Brandi Mummert | Board Member |
| Carlos Murguia | Board Member |
| Corey Ford | Board Member |
| David Cremer | Board Member |
| Deneca Chino | Board Member |
| John Elling | Board Member |
| John Rice | Board Member |
| Michael Knight | Board Member |
| Myrriah Tomar | Board Member |
| Paul Butler | Board Member |
| Todd Schumacher | Board Member |
| Travis Steele | Board Member |
| Priscilla Dakin | Secretary |
| David King | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $422,753
- Program Service Revenue
- $30,928
- Investment Income
- $3,259
- Other Revenue
- $8,475
- All Other Contributions
- $142,000
- Change in Net Assets
- $111,343
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $353,766 |
| Grants and Similar Amounts Paid | $306 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | - | - | - | $249,510 |
| Office Expenses | - | - | - | $57,051 |
| Conferences and Meetings | - | - | - | $14,816 |
| Fees for Services Other | - | - | - | $7,298 |
| Fees for Services Accounting | - | - | - | $6,742 |
| Travel | - | - | - | $5,788 |
| Advertising | - | - | - | $3,859 |
| Fees for Services Legal | - | - | - | $337 |
| Other Expenses | - | - | - | $271 |
| Grants to Domestic Individuals | - | - | - | $200 |
| Grants to Domestic Orgs | - | - | - | $106 |
| All Other Expenses | - | - | - | $100 |
| Total Functional Expenses | $0 | $0 | $0 | $354,072 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $8,225 |
| Fundraising Direct Expenses | $0 |
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Subject to proxy tax
- No
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Nm Angels Credit Card | $3,634 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- No
- Key decisions subject to board approval
- No