Excellent Schools New Mexico
- Assets
- $4.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 81-1988916
Organization Overview
Excellent Schools New Mexico is located in Albuquerque, NM. The organization was established in 2016. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 12/2023, Excellent Schools New Mexico employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Excellent Schools 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, Excellent Schools New Mexico generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Excellent Schools New Mexico has awarded 27 individual grants totaling $2,549,987. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXCELLENT SCHOOLS NEW MEXICO IS NONPROFIT ORGANIZATION THAT IDENTIFIES NEW MEXICOS MOST PROMISING PUBLIC SCHOOLS AND SCHOOL LEADERS, MAKES DATA-DRIVEN INVESTMENTS TO FUND THEIR GROWTH, AND PROVIDES ONGOING SUPPORT TO EXPAND THEIR IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXCELLENT SCHOOLS NEW MEXICO MADE INVESTMENTS TO HELP GROW SEVERAL SCHOOLS AND TO PREPARE NEW SCHOOL LEADERS TO LAUNCH NEW SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Hindman Executive Dir. | Officer | 60 | $214,012 |
Jane Henzerling Managing Director Of Programs | 40 | $123,055 | |
Pat Mcdonough Chairman | OfficerTrustee | 2 | $0 |
Rathi Casey Fin Comm Chair | OfficerTrustee | 1 | $0 |
Joe Lujan Director | Trustee | 1 | $0 |
Ethan Gray 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 | $2,878,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,878,261 |
| Total Program Service Revenue | $0 |
| Investment income | $85,856 |
| 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 | $2,964,117 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $732,622 |
| 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. | $221,336 |
| Compensation of current officers, directors, key employees. | $33,218 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,980 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,765 |
| Payroll taxes | $27,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,943 |
| Fees for services: Lobbying | $25,844 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $265,731 |
| Advertising and promotion | $18,724 |
| Office expenses | $0 |
| Information technology | $7,098 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $28,407 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,093 |
| All other expenses | $0 |
| Total functional expenses | $1,553,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,521,754 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $309,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $170,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,807 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,012,561 |
| Accounts payable and accrued expenses | $99,790 |
| Grants payable | $84,000 |
| 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 | $0 |
| Total liabilities | $183,790 |
| Net assets without donor restrictions | $3,740,300 |
| Net assets with donor restrictions | $88,471 |
| 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 | $4,012,561 |
Grants Awarded
Over the last fiscal year, Excellent Schools New Mexico has awarded $732,622 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
COTTONWOOD CLASSICAL FND PURPOSE: Participation in SGI Cohort | $16,500 |
ALBUQUERQUE COLLEGIATE INC PURPOSE: Grade level growth and fellowships | $67,500 |
EAST MOUNTAIN HIGH SCHOOL FND PURPOSE: Enrollment and grade-level growth | $200,000 |
MISSION ACHIEV AND SUCCESS PURPOSE: School expansion grant | $300,000 |
SOLARE COLLEGIATE FOUNDATION PURPOSE: Stipend for fellowship | $45,000 |
THRIVE COMMUNITY SCHOOL FND PURPOSE: Stipend for fellowship | $81,122 |