Nmc Inc
- Assets
- $13.3m
- Revenue
- $18.9m
- Investments
- $2.4m
- Employees
- 88
- Location
- Los Alamos, NM
- Founding
- 05/2009
- Data as of
- 06/2023
- EIN
- 26-0370262
Organization Overview
Nmc Inc, operating under the name New Mexico Consortium, is located in Los Alamos, NM. The organization was established in 2009. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2023, New Mexico Consortium employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Consortium is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, New Mexico Consortium generated $18.9m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $15.5m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW MEXICO CONSORTIUM (NMC) INTEGRATES THE NEEDS OF NEW MEXICO'S RESEARCH UNIVERSITIES TO BUILD LIASON RESEARCH BETWEEN LOCAL UNIVERSITIES AND ORGANIZATIONS. NMC BUILDS STRATEGIC CONNECTIONS WITH SCIENTIFIC INSTITUTIONS THROUGHOUT THE WORLD IN ORDER TO SUPPORT RESEARCH AND EDUCATION IN THE PUBLIC INTEREST. NMC DEVELOPS AND PURSUES RESEARCH AND EDUCATION PROGRAMS IN THE SCIENTIFIC FIELDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCIENTIFIC RESEARCH AND COLLABORATIVE PROGRAMS WITH INSTITUTIONAL AND INDUSTRIAL TEAMS WHO COORDINATE AND LEAD COLLABORATIVE RESEARCH PROJECTS IN THE FOLLOWING AREAS: 1. THE ULTRASCALE SYSTEMS RESEARCH CENTER (USRC) IS A COLLABORATIVE CENTER FOCUSED ON RESEARCH TO SUPPORT HIGH PERFORMANCE COMPUTING AT EXASCALE AND BEYOND, ESTABLISHED TO FOSTER COLLABORATION IN EXASCALE RESEARCH. 2. NASA VAN ALLEN PROBES MISSION SCIENCE SUPPORT (NASA). 3. SUCCESS THROUGH SYNERGY - INCREASE CULTIVATION YIELD AND STABILITY WITH RATIONALLY DESIGNED CONSORTIA THAT, THROUGH INCREASES IN INSTANTANEOUS PRODUCTIVITY AND STABILITY, WILL REMOVE THE YIELD OF ALGAL CULTIVATION SYSTEMS (U.S. DOE). 4. RESEARCH COLLABORATION AGREEMENT FOR THE COLLABORATION FOR AIDS VACCINE DISCOVERY AND COMPREHENSIVE ANTIBODY VACCINE IMMUNE MONITORING CONSORTIUM (GATES FOUNDATION). 5. DEVELOP DISRUPTIVE TECHNOLOGIES THAT ADRESS THE GREATEST AGRICULTURE, AQUACULTURE, AND ENVIRONMENTAL CHALLENGES FACING THE GLOBE (PEBBLE LABS) 6. BIOLAB COLLABORATION SPACE ACCESS IN SUPPORT OF PROJECT RESEARCH. 7. RESEARCH AT THE NMC INCLUDES ADVANCED COMPUTING, BIOFUELS, BIOMEDICAL AND HUMAN HEALTH, CLIMATE CHANGE, HYDROLOGY, MATERIAL SCIENCE, NEUROMORPHIC COMPUTING, PLANT BIOLOGY AND AGRICULTURE, PHYSICS, SEISMIC RESEARCH, AND SPACE SCIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Omar Eduardo Contreras Corona Research Sci | 40 | $188,450 | |
Irina Izvekova COO | 40 | $150,574 | |
Goutam Gupta Research Sci | 40 | $159,241 | |
Andre Teixeira Research Sci | 40 | $141,641 | |
Steven Buelow CEO (former) | Officer | 40 | $145,503 |
Greg Dye CFO | Officer | 40 | $143,199 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triad National Security Prof. Svcs. | 6/29/23 | $842,088 |
New Mexico State University Prof. Services | 6/29/23 | $724,138 |
University Of New Mexico Prof. Services | 6/29/23 | $526,541 |
Colliers International Rent | 6/29/23 | $348,596 |
Los Alamos Commerce & Dev Corp Rent | 6/29/23 | $293,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $208,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,702 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $454,972 |
| Total Program Service Revenue | $14,395,016 |
| Investment income | $4,035,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,885,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,919 |
| Compensation of current officers, directors, key employees. | $34,273 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,784,579 |
| Pension plan accruals and contributions | $459,688 |
| Other employee benefits | $1,370,224 |
| Payroll taxes | $407,818 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,240 |
| Fees for services: Accounting | $104,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,090,884 |
| Advertising and promotion | $58,613 |
| Office expenses | $355,204 |
| Information technology | $135,833 |
| Royalties | $0 |
| Occupancy | $1,336,451 |
| Travel | $210,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $356,004 |
| Insurance | $58,548 |
| All other expenses | $43,970 |
| Total functional expenses | $15,474,303 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,039,465 |
| Savings and temporary cash investments | $885,761 |
| Pledges and grants receivable | $2,251,661 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,305,171 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245,753 |
| Net Land, buildings, and equipment | $941,028 |
| Investments—publicly traded securities | $2,600,000 |
| Investments—other securities | $2,387,258 |
| Investments—program-related | $0 |
| Intangible assets | $112,352 |
| Other assets | $1,503,899 |
| Total assets | $13,272,348 |
| Accounts payable and accrued expenses | $2,343,173 |
| Grants payable | $0 |
| Deferred revenue | $294,035 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,894 |
| Other liabilities | $1,780,749 |
| Total liabilities | $4,567,851 |
| Net assets without donor restrictions | $8,704,497 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,272,348 |