New Mexico Veterans Memorial Foundation
- Assets
- $511.5k
- Revenue
- $163.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/2006
- Data as of
- 06/2023
- EIN
- 74-3150205
Organization Overview
New Mexico Veterans Memorial Foundation is located in Albuquerque, NM. The organization was established in 2006. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Veterans Memorial Foundation 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 Veterans Memorial Foundation generated $163.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $44.2k during the year ending 06/2023. 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
TO HONOR AND SUPPORT MILITARY VETERANS AND THEIR LOVED ONES BY PROMOTING, OPERATING, AND MAINTAINING A MEMORIAL AND BY EDUCATING THE PUBLIC ON THE VALUE OF VETERANS SERVICE AND SACRIFICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MUSEUM FUNCTION IS ONE OF OUR PRIME CONTRIBUTIONS TO OUR MISSION. WE CHARGE NO ADMISSION AND GAIN SOME REVENUE FROM PAID BUS TOURS. THE MUSEUM CONSISTS OF ROTATING SETS OF DISPLAYS FROM OUR EXTENSIVE ARRAY OF UNIFORMS, MILITARY ARTIFACTS AND VARIOUS SETS OF PHOTOS THAT ARE DONATED BY OUR VETERANS AND THEIR FAMILIES. WE ALSO SHOWCASE THE VIETNAM WALL OF NEW MEXICO WHICH CONTAINS THE BIOS AND ALL OF THE PHOTOS OF OUR KIA ND MIA VIETNAM VETERANS. THIS DISPLAY HAS BEEN SHARED WITH THE NATIONAL VIETNAM WALL IN WASHINGTON, D.C. WE ALSO PROVIDE THE VENUE FOR BUS TOURS (22), REUNIONS, RETIREMENTS, AND MEMORIAL SERVICES (45).
THE MEMORIAL GIFT PROGRAM PLACES MEMORIAL BRICKS (83), BENCHES (1), AMPHITHEATER TILES (2), TREE PLAQUES (0), AND ROSE PLAQUES (4), DEDICATED WITH INSCRIPTIONS FURNISHED BY THE FAMILIES OF THOSE HONORED. THE ITEMS ARE PLACED THROUGHOUT THE MEMORIAL PARK CORRESPONDING TO THEIR DATE AND CONFLICT.
THE EDUCATION FUNCTION OF OUR FOUNDATION IS REPRESENTED IN PART THROUGH OUR SCHOOL VISITATION PROGRAM. THESE PROGRAMS CONSIST OF 25 OR MORE GUIDED TOURS THROUGH OUR MUSEUM AND MEMORIAL GROUNDS. ALSO, SPECIAL PRESENTATIONS FOR WEAPONS, SOLDIER LIFE AND SPECIAL CONTENT ON LEADERSHIP AND SACRIFICE. WE HAVE ASO TEAMED WITH THE CENTER FOR AMERICAN VALUES FROM PUEBLO, CO FOR A WEEK LONG PROGRAM FOR 500 ALBUQUERQUE MIDDLE SCHOOL STUDENTS. WE SUPPLEMENT THE SCHOOLS BUS COST FOR THE MORE DISTANT SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mercy Lopez-Acosta Director | Trustee | 2 | $0 |
Julie Ornelas Director | Trustee | 2 | $0 |
Teresa Lachance Director | Trustee | 10 | $0 |
Dave Williams Director | Trustee | 2 | $0 |
Michele Lamontagne Director | Trustee | 2 | $0 |
Myrehn Jessie Lynn Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bethany Hemmerich Event Set Up | 6/29/19 | $6,365 |
James C Grubert Event Set Up | 6/29/19 | $2,290 |
Lisa Tellez Vazquez Event Set Up | 6/29/19 | $919 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,305 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,017 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,322 |
| Total Program Service Revenue | $144,328 |
| Investment income | $3,383 |
| 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 | $163,033 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,569 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $207 |
| Office expenses | $14,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $857 |
| Insurance | $3,069 |
| All other expenses | $9,581 |
| Total functional expenses | $44,163 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $369,068 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,434 |
| Investments—publicly traded securities | $51,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $77,600 |
| Total assets | $511,454 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,800 |
| Total liabilities | $2,800 |
| Net assets without donor restrictions | $468,316 |
| Net assets with donor restrictions | $40,338 |
| 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 | $511,454 |