New Space New Mexico
- Assets
- $580.2k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Albuquerque, NM
- Founding
- Data as of
- 12/2022
- EIN
- 84-1966957
Organization Overview
New Space New Mexico, operating under the name New Space Nexus, 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 12/2022, New Space Nexus employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Space Nexus 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 12/2022, New Space Nexus generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 53.3% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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) | Role | Hours | Compensation |
|---|---|---|---|
Casey Anglada Deraad CEO | Officer | 40 | $231,204 |
Joe Sciabica Board Chair | OfficerTrustee | 0.5 | $0 |
Hank Andrews Treasurer (as Of 4/22) | OfficerTrustee | 0.5 | $0 |
Donna Siergiej Secretary | OfficerTrustee | 0.5 | $0 |
Barbara Brazil Board Director | Trustee | 0.5 | $0 |
Jill Halverson Board Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arctos Holding Llc Consulting & Planning | 12/30/22 | $177,072 |
Market Ascent Consulting | 12/30/22 | $125,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,986,908 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,263 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,013,171 |
| Total Program Service Revenue | $43,041 |
| 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 | $2,056,537 |
| 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. | $239,529 |
| Compensation of current officers, directors, key employees. | $67,068 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $215,972 |
| Pension plan accruals and contributions | $2,361 |
| Other employee benefits | $23,086 |
| Payroll taxes | $32,066 |
| Fees for services: Management | $280,309 |
| Fees for services: Legal | $10,819 |
| Fees for services: Accounting | $34,123 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $419,449 |
| Advertising and promotion | $2,391 |
| Office expenses | $7,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,010 |
| Interest | $477 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,563 |
| All other expenses | $18,859 |
| Total functional expenses | $2,017,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,532 |
| Savings and temporary cash investments | $9 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $516,198 |
| 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 | $452 |
| 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 | $580,191 |
| Accounts payable and accrued expenses | $455,918 |
| Grants payable | $0 |
| Deferred revenue | $15,128 |
| 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 | $87,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $558,941 |
| Net assets without donor restrictions | $21,250 |
| Net assets with donor restrictions | $0 |
| 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 | $580,191 |