New Mexico State University Foundation Inc
- Assets
- $355.5m
- Revenue
- $111.3m
- Investments
- $259.5m
- Employees
- 0
- Location
- Las Cruces, NM
- Founding
- 06/1960
- Data as of
- 06/2021
- EIN
- 85-0170157
Organization Overview
New Mexico State University Foundation Inc is located in Las Cruces, NM. The organization was established in 1960. 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 State 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 06/2021, New Mexico State University Foundation Inc generated $111.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $15.4m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NEW MEXICO STATE UNIVERSITY FOUNDATION IS TO FOSTER LONG- TERM RELATIONSHIPS WITH OUR ALUMNI, SUPPORTERS, AND COMMUNITY IN ORDER TO SECURE, MANAGE, STEWARD, AND PROTECT A SUSTAINABLE SOURCE OF PRIVATE RESOURCES THAT WILL ENHANCE THE ABILITY OF NEW MEXICO STATE UNIVERSITY TO FULFILL ITS LAND GRANT MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPRESENTS DIRECT GRANTS TO NEW MEXICO STATE UNIVERSITY (NMSU) IN SUPPORT OF A WIDE VARIETY OF ACTIVITIES INCLUDING FUNDING FOR ALL NMSU COLLEGES AND UNITS, ATHLETICS AND RESEARCH INITIATIVES. A PORTION OF THIS AMOUNT PROVIDED FUNDING FOR SCHOLARSHIPS AWARDED TO OVER 3,400 STUDENTS DURING THE FISCAL YEAR. OVERALL FUNDING OF NMSU DURING THE FISCAL YEAR WAS PROVIDED BY THOUSANDS OF CURRENT USE GIFTS FROM GENEROUS DONORS AND ALUMNI AS WELL AS GRANTS FROM OVER 1,800 ENDOWMENT FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Louvar Chair | OfficerTrustee | 2 | $0 |
Christian Hendrickson Vice Chair | OfficerTrustee | 2 | $0 |
Bobby Lutz Former Chair | Trustee | 1 | $0 |
Aaron DE Los Santos Treasurer | OfficerTrustee | 2 | $0 |
Raquel Bone Secretary | OfficerTrustee | 2 | $0 |
Larry Allen Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackbaud Software Maint | 6/29/22 | $157,313 |
Angeles Investment Advisors Llc Ocio | 6/29/22 | $552,374 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,286,084 |
| Investment income | $6,438,224 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $324,700 |
| Net Gain/Loss on Asset Sales | $10,904,962 |
| Net Income from Fundraising Events | $17,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,307,691 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,072,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,391 |
| Fees for services: Accounting | $85,086 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $92,117 |
| Fees for services: Investment Management | $244,769 |
| Fees for services: Other | $283,771 |
| Advertising and promotion | $8,351 |
| Office expenses | $79,851 |
| Information technology | $230,192 |
| Royalties | $0 |
| Occupancy | $206 |
| Travel | $4,494 |
| 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 | $38,583 |
| Insurance | $31,616 |
| All other expenses | $0 |
| Total functional expenses | $15,438,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,290,421 |
| Savings and temporary cash investments | $414,516 |
| Pledges and grants receivable | $4,940,824 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $358,683 |
| Inventories for sale or use | $4 |
| Prepaid expenses and deferred charges | $302,943 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $259,536,309 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,146,078 |
| Total assets | $355,498,587 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $357,075 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $34,491 |
| 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 | $58,948,389 |
| Total liabilities | $59,339,955 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $296,158,632 |