New Mexico Highlands University Foundation Inc
- Assets
- $20.3m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NM
- Founding
- 12/1986
- Data as of
- 06/2022
- EIN
- 75-0121368
Organization Overview
New Mexico Highlands University Foundation Inc is located in Las Vegas, NM. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 Highlands University Foundation Inc 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 06/2022, New Mexico Highlands University Foundation Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, New Mexico Highlands University Foundation Inc has awarded 17 individual grants totaling $4,447,902. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT STUDENTS OF THE UNIVERSITY AND SUPPORT THE NM HIGHLANDS UNIVERSITY AS A WHOLE THROUGH THE ACQUISITION, DEVELOPMENT, AND ADMINISTRATION OF FINANCIAL AND OTHER RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIP AWARDS AND RESEARCH GRANTS TO STUDENTS ATTENDING NEW MEXICO HIGHLANDS UNIVERSITY.
THE FOUNDATION SOLICITS, RECEIVES AND MANAGES FUNDS CONTRIBUTED BY INDIVIDUALS, FOUNDATIONS, CORPORATIONS AND OTHERS FOR THE BENEFIT OF NEW MEXICO HIGHLANDS UNIVERSITY, ITS FACULTY, AND ITS STUDENTS. THE FOUNDATION ALSO PROVIDES FACILITIES FOR THE UNIVERSITY'S RIO RANCHO, NM CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Carlotta E Lockmiller President | OfficerTrustee | 5 | $0 |
Vince Marchi Vice President | OfficerTrustee | 1 | $0 |
Viola Martinez Secretary | OfficerTrustee | 1 | $0 |
Paul Cassidy Treasurer | OfficerTrustee | 1 | $0 |
Dr Sam Minner Director | Trustee | 1 | $0 |
Dr James Abreu 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 | $1,034,483 |
| Noncash contributions included in lines 1a–1f | $316,155 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,034,483 |
| Total Program Service Revenue | $391,757 |
| Investment income | $269,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$979 |
| Net Income from Fundraising Events | $18,580 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,758,292 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,113,600 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $48,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $84,658 |
| Fees for services: Other | $85,159 |
| Advertising and promotion | $0 |
| Office expenses | $137,438 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,244 |
| Interest | $30,965 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,698 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,688,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,938 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $106,095 |
| 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 | $7,306 |
| Net Land, buildings, and equipment | $2,098,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $676,899 |
| Intangible assets | $0 |
| Other assets | $15,443,028 |
| Total assets | $20,264,132 |
| Accounts payable and accrued expenses | $6,764 |
| 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 | $598,910 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,986,296 |
| Total liabilities | $3,591,970 |
| Net assets without donor restrictions | $7,821,376 |
| Net assets with donor restrictions | $8,850,786 |
| 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 | $20,264,132 |
Grants Awarded
Over the last fiscal year, New Mexico Highlands University Foundation Inc has awarded $1,113,600 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NEW MEXICO HIGHLANDS UNIVERSITY PURPOSE: SCHOLARSHIPS AND RESEARCH GRANTS FOR STUDENTS | $286,384 |
NEW MEXICO HIGHLANDS UNIVERSITY PURPOSE: OTHER UNIVERSITY SUPPORT | $286,519 |
NEW MEXICO HIGHLANDS UNIVERSITY PURPOSE: GRANT FULFILLMENT CONTRACT SVCS EXPENDITURES | $540,697 |