Southeast New Mexico College Foundation Inc

“Advertising and Promotion $6550”

“Processing fees $647”

“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $16500”

“Pledges and Grants Receivable - Beginning $0 Pledges and Grants Receivable - Ending $15000”

“Updated Articles of Incorporation Article TwoFrom:The Corporation is organized exclusively for the charitable and educational purposes, withing the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986, or corresponding section of any future Internal Revenue Code. The Corporation's mission is to encourage, solicit, receive, and administer gifts and bequests, in the form of property or funds, for scientific, educational, and charitable purposes in the advancement of Southeast New Mexico College. The Corporation shall have the power to do all lawful acts which may be necessary, desirable, or property for the furtherance of the mission of the Corporation. To:The Corporation is organized exclusively for the charitable, educational, and scientific purposes, including, for such purposes the making of distributions to organizations that qualify as exempt organizations described under section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code. More specifically, to foster and promote the growth, progress, and general welfare of Southeast New Mexico College particularly, but without limitation, to: 1. Provide money, personnel, or other aids for the strengthening, development, and enlargement of the college and its programs now in existence or hereafter created; 2. Make donations or contributions to, or assist in the support of, current college activities and undertakings or the establishment and support of any new functions and/or objectives; 3. Purchase or make contributions toward the acquisition of books, materials, and equipment of the erection and construction of buildings and facilities, which will contribute to the education and administrative resources of the college; 4. Provide scholarships, or grants in aid for students of the college; 5. Contribute to and make donations for any and all property objects, projects, functions, services, and activities now or hereafter carried on or sponsored by the college. Notwithstanding the foregoing, the Corporation will not conduct or carry on any activity not permitted by any organization, exempt from the Federal income Tax pursuant to Section 501 (c) (3) of the Internal Revenue Code. Furthermore, the Corporation will not, as a substantial part of its activities, attempt to influence legislation, or participate in or intervene to any extent, in any political campaign for or against any candidate for political office. No part of the net earnings of the Corporation shall inure to the benefit of any member, trustee, director, officer, or employee of the Corporation except that reasonable compensation may be paid for services rendered to or for the Corporation as the Board of this Corporation shall prescribe.”