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 6 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $15.4m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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 THE NEW MEXICO STATE UNIVERSITY FOUNDATION, INC. IS TO SECURE AND MANAGE PRIVATE GIFTS TO PROMOTE THE EDUCATIONAL PURPOSES OF NEW MEXICO STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT GRANTS TO SUPPORT NEW MEXICO STATE UNIVERSITY BY PROVIDING FUNDS FOR NEW MEXICO STATE UNIVERSITY ACTIVITIES, SCHOLARSHIPS, AND FINANCIAL AID TO STUDENTS. THE FOUNDATION'S ACTIVITIES AFFECTED A TOTAL OF 1,949 GIFT ACCOUNT INCLUDING THOSE RELATED TO STUDENT AID AND RESEARCH AND 4,069 SCHOLARSHIPS WERE FUNDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle Louvar Vice Chair | OfficerTrustee | 2 | $0 |
Philip Cook Past Chair | OfficerTrustee | 1 | $0 |
Robert Lutz Chair | OfficerTrustee | 2 | $0 |
Eric Powell Treasurer | OfficerTrustee | 2 | $0 |
Frank Seidel Secretary | OfficerTrustee | 2 | $0 |
Derek Dictson President | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Armstrong Pickett Associates Investment Mgmt | 6/29/21 | $219,957 |
Blackbaud Software Maint. | 6/29/21 | $134,716 |
Kemp Smith Law Attorney Serv. | 6/29/21 | $122,356 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $530,487 |
| Fundraising events | $68,430 |
| Related organizations | $0 |
| Government grants | $389,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $92,298,002 |
| Noncash contributions included in lines 1a–1f | $81,012,004 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,286,084 |
| Total Program Service Revenue | $894,803 |
| 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 organizations and domestic governments. | $11,850,826 |
| 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 | $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 | $15,274 |
| 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 |
| Net Land, buildings, and equipment | $3,508,809 |
| 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 | $15,367,582 |
| Net assets with donor restrictions | $280,791,050 |
| 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 | $355,498,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Mexico State University Foundation Inc has recieved totaling $26,250.
| Awarding Organization | Amount |
|---|---|
Ross And Patty Mc Callister Foundation Tucson, AZ PURPOSE: ENDOWED SCHOLARSHIP | $26,250 |
Endowment Analysis
| Beg. Balance | $138,129,867 |
| Earnings | $18,017,407 |
| Net Contributions | $10,212,516 |
| Other Expense | $5,383,673 |
| Ending Balance | $160,976,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |
Asu Enterprise Partners Tempe, AZ | $381,094,670 | $23,987,399 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |
Mccombs School Of Business Foundation Austin, TX | $43,764,563 | $20,383,837 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |
Friends Of Imagine International Academy Of North Texas Mckinney, TX | $32,038,501 | $13,231,420 |