New Mexico Land Title Association
- Assets
- $140.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/1977
- Data as of
- 12/2021
- EIN
- 51-0207646
Organization Overview
New Mexico Land Title Association is located in Albuquerque, NM. The organization was established in 1977. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Land Title Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, New Mexico Land Title Association generated $163.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $66.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE SCIENCE OF EVIDENCING TITLE TO REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3
LEGAL EXPENSE TO GENERAL COUNSEL DURING RATE HEARINGS, CONSULTING EXPENSE TO ACTUARY DURING RATE HEARINGS, ADVICE ON GENERAL LEGISLATION DRAFTING, AND REVIEW OF BILLS REGARDING THE TITLE INSURANCE INDUSTRY.
CONVENTIONS: THE ASSOCIATION HELD CONVENTIONS TO ELECTOFFICERS, REPORT ON ACTIVITIES, DISCUSS CURRENT PLANS, ANDPROPOSE LEGISLATION.
PROVISION OF REGULATORY AND EDUCATIONAL MATERIALS, AND COMMUNICATIONS TO THE GENERAL PUBLIC REGARDING THE TITLE INSURANCE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Payne Past Preside | 2 | $0 | |
Orlando Lucero Past Preside | 0 | $0 | |
Jw Baldock Past Preside | 4 | $0 | |
Dale B Rycraft Jr President | 2 | $0 | |
Gricel Chavez Vice Preside | 2 | $0 | |
Craig Danekas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,870 |
| Membership dues | $142,395 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $163,265 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $38,252 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,963 |
| Total expenses | $66,215 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $140,621 |
| Other assets | $0 |
| Total assets | $140,621 |
| Total liabilities | $33,662 |
| Net assets or fund balances | $106,959 |
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