Think New Mexico
- Assets
- $6.6m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Santa Fe, NM
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 31-1611995
Organization Overview
Think New Mexico is located in Santa Fe, NM. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Think New Mexico employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Think New Mexico 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 12/2023, Think New Mexico generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $834.5k during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
EDUCATION AND PUBLIC POLICY RESEARCH
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THINK NEW MEXICO CONTINUED OUR ONGOING EFFORT TO DRAMATICALLY IMPROVE STUDENT OUTCOMES IN NEW MEXICO'S PUBLIC SCHOOLS. THINK NEW MEXICO LAUNCHED THIS INITIATIVE IN 2022 WITH THE PUBLICATION OF A POLICY REPORT TITLED, "A ROADMAP FOR RETHINKING PUBLIC EDUCATION IN NEW MEXICO," WHICH LAID OUT A SWEEPING TEN POINT PLAN WITH 30 SEPARATE LEGISLATIVE RECOMMENDATIONS TO IMPROVE THE PERFORMANCE OF NEW MEXICO'S PUBLIC SCHOOL STUDENTS. THINK NEW MEXICO ALSO DEVELOPED LEGISLATION TO IMPLEMENT OUR PROPOSED REFORMS AND ORGANIZED A DIVERSE COALITION OF SUPPORTERS TO ADVOCATE FOR THEM. DURING THE 2023 LEGISLATIVE SESSION, SEVERAL OF THINK NEW MEXICO'S PROPOSED EDUCATION REFORMS WERE ENACTED, INCLUDING INCREASING LEARNING TIME FOR STUDENTS BY THE EQUIVALENT OF 27 EXTRA DAYS A YEAR FOR ELEMENTARY SCHOOL STUDENTS AND 10 EXTRA DAYS FOR MIDDLE AND HIGH SCHOOL STUDENTS, AS WELL AS SECURING FUNDING FOR HIGHER PRINCIPAL SALARIES AND FOR TEACHER RESIDENCIES, PAID YEAR-LONG EXPERIENCES IN WHICH A NEW TEACHER TEACHES ALONGSIDE AN EXPERIENCED TEACHER. DURING THE 2024 LEGISLATIVE SESSION, THINK NEW MEXICO SUCCESSFULLY CHAMPIONED THE ENACTMENT OF LEGISLATION ENHANCING THE TRAINING AND TRANSPARENCY REQUIREMENTS FOR LOCAL SCHOOL BOARD MEMBERS. THIS LAW WILL ENSURE THAT EVERY SCHOOL BOARD MEMBER RECEIVES TRAINING IN ESSENTIAL TOPICS LIKE HOW BOARD MEMBERS CAN IMPROVE STUDENT OUTCOMES; PUBLIC SCHOOL BUDGETING AND FINANCE; AND EFFECTIVE PRACTICES FOR SUPPORTING AND SUPERVISING THE LOCAL SUPERINTENDENT. THE NEW LAW ALSO BRINGS NEW MEXICO IN LINE WITH THE 44 STATES THAT REQUIRE ALL SCHOOL BOARD CANDIDATES TO DISCLOSE THEIR DONORS, AND WILL ENSURE THAT SCHOOL BOARD AND CHARTER SCHOOL BOARD MEETINGS BE WEBCAST AND THE RECORDINGS AND MINUTES POSTED ONLINE. FINALLY, IN 2023 THINK NEW MEXICO CONTINUED ITS LEADERSHIP INTERNSHIP PROGRAM, WHICH AIMS TO RETAIN A NEW GENERATION OF POTENTIAL LEADERS IN NEW MEXICO BY TEACHING THEM HOW THEY CAN MAKE A DIFFERENCE IN THEIR HOME STATE. IN 2023, THE INTERNSHIP PROGRAM SERVED SIX STUDENTS FROM ACROSS NEW MEXICO, TRAINING THEM HOW TO DEVELOP AND ENACT SOUND PUBLIC POLICY AND INTRODUCING THEM TO KEY POLICYMAKERS AND OPINION LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Nathan Jr Secretary/ex | OfficerTrustee | 50 | $144,343 |
Roberta Cooper Ramo Chair | OfficerTrustee | 1 | $0 |
Edward Lujan Vice-Chair | OfficerTrustee | 1 | $0 |
Jacqueline Baca Treasurer | OfficerTrustee | 1 | $0 |
Phelps Anderson Director | Trustee | 1 | $0 |
Clara Apodaca Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,579,652 |
| Noncash contributions included in lines 1a–1f | $29,747 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,579,652 |
| Total Program Service Revenue | $0 |
| Investment income | $82,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$32,246 |
| Net Gain/Loss on Asset Sales | -$6,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,624,853 |
| 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. | $195,179 |
| Compensation of current officers, directors, key employees. | $13,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $321,972 |
| Pension plan accruals and contributions | $21,446 |
| Other employee benefits | $32,519 |
| Payroll taxes | $35,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,117 |
| Advertising and promotion | $6,946 |
| Office expenses | $94,797 |
| Information technology | $10,717 |
| Royalties | $0 |
| Occupancy | $78,231 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,045 |
| Insurance | $3,699 |
| All other expenses | $0 |
| Total functional expenses | $834,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,339 |
| Savings and temporary cash investments | $1,181,948 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,329 |
| Net Land, buildings, and equipment | $2,635,090 |
| Investments—publicly traded securities | $2,537,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $168,676 |
| Total assets | $6,611,980 |
| Accounts payable and accrued expenses | $14,988 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,753,629 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,676 |
| Total liabilities | $1,798,293 |
| Net assets without donor restrictions | $4,417,922 |
| Net assets with donor restrictions | $395,765 |
| 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 | $6,611,980 |