New Space New Mexico

Organization Overview

New Space New Mexico is located in Albuquerque, NM. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, New Space New Mexico employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Space 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 12/2021, New Space New Mexico generated $914.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $972.4k during the year ending 12/2021. While expenses have increased by 31.8% per year over the past 2 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NEWSPACE NEW MEXICO IS A 501(C)(3) NON-PROFIT THAT IS ACCELERATING THE PACE OF SPACE INNOVATION BY UNITING AND IGNITING THE INDUSTRY. THROUGH UNITE & IGNITE SPACE, A FIRST-OF-ITS-KIND CO-INNOVATION HUB, STAKEHOLDERS GAIN ACCESS TO WORKSPACES, EQUIPMENT, PROGRAMMING, RAPID PROTOTYPING AND DEMONSTRATION, AND RESOURCES NEEDED FOR INNOVATION AND RAPID PROGRESS. SERVICES INCLUDE ACCESS TO SPACE ECOSYSTEM KNOWLEDGE, PUBLIC EVENTS, AND NETWORKING; NAVIGATION SERVICES THAT PROVIDE TAILORED GUIDANCE AND DIRECT ASSISTANCE TO FAST-TRACK BUSINESS GROWTH, AND COLLABORATIVE INNOVATION SERVICES THAT IGNITE PRODUCT AND SOLUTION DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NEW SPACE NEW MEXICO CONDUCTED VARIOUS STUDIES FINANCED BY GRANTS FOR THE PURPOSE OF MOVING THE SPACE INDUSTRY FORWARD AND PROVIDING OPPORTUNITIES TO A GREATER NUMBER OF PARTICPANTS AND POTENTIAL PARTICIPANTS.


OTHER PROGRAMS - SEE SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Casey Anglada Deraad
CEO
$233,100
Donna Siergiej
Secretary/treasurer
$0
Joe Sciabica
Board Chair
$0
Jill Halverson
Board Director
$0
Barbara Brazil
Board Director
$0
Gary King
Board Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $856,506
All other contributions, gifts, grants, and similar amounts not included above$46,400
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$902,906
Total Program Service Revenue$12,005
Investment income $0
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 $914,911

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