University Of New Mexico Foundation Incorporated is located in Albuquerque, NM. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, University Of New Mexico Foundation Incorporated employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of New Mexico Foundation Incorporated 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 06/2022, University Of New Mexico Foundation Incorporated generated $103.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $78.2m during the year ending 06/2022. While expenses have increased by 12.4% per year over the past 5 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
THE UNIVERSITY OF NEW MEXICO FOUNDATION, INC. ENHANCES THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF NEW MEXICO BY RAISING PRIVATE FUNDS FOR THE BENEFIT OF STUDENTS, FACULTY AND PROGRAMS; AND INVESTS ENDOWMENT FUNDS AND OTHER FUNDS NOT IMMEDIATELY REQUIRED TO PROVIDE FOR LONG-TERM SUPPORT OF THE UNIVERSITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ryan Mummert Chair | OfficerTrustee | 2 | $0 |
Felicia Finston Vice Chair/chair Elect | OfficerTrustee | 2 | $0 |
Thomas Daulton National Vice Chair | OfficerTrustee | 2 | $0 |
Lameck Lukanga Assistant Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Fossum-Graham Secretary | OfficerTrustee | 2 | $0 |
Todd Sandoval Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Ruffalo Cody Professional Fundraising | 6/29/22 | $158,505 |
Grenzebach Glier And Associates Benchmarking And Data Consulting | 6/29/22 | $149,024 |
Northern Trust Investment Custodians | 6/29/22 | $123,098 |
Performance Enhancements Inc It Mgmt Consultants | 6/29/22 | $184,578 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,318,786 |
All other contributions, gifts, grants, and similar amounts not included above | $68,527,672 |
Noncash contributions included in lines 1a–1f | $7,416,561 |
Total Revenue from Contributions, Gifts, Grants & Similar | $69,846,458 |
Total Program Service Revenue | $8,405,901 |
Investment income | $2,708,961 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $67,750 |
Net Rental Income | -$67,380 |
Net Gain/Loss on Asset Sales | $22,158,500 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $103,141,341 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $64,012,806 |
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. | $1,950,021 |
Compensation of current officers, directors, key employees. | $1,008,164 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,323,122 |
Pension plan accruals and contributions | $564,630 |
Other employee benefits | $845,097 |
Payroll taxes | $538,287 |
Fees for services: Management | $0 |
Fees for services: Legal | $8,284 |
Fees for services: Accounting | $67,276 |
Fees for services: Lobbying | $3,841 |
Fees for services: Fundraising | $169,745 |
Fees for services: Investment Management | $191,559 |
Fees for services: Other | $738,031 |
Advertising and promotion | $105,453 |
Office expenses | $325,530 |
Information technology | $433,693 |
Royalties | $0 |
Occupancy | $154,697 |
Travel | $225,027 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $66,031 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $41,752 |
Insurance | $72,579 |
All other expenses | $0 |
Total functional expenses | $78,203,160 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $45,368,208 |
Pledges and grants receivable | $2,392,415 |
Accounts receivable, net | $695,277 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $994,453 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $197,150 |
Net Land, buildings, and equipment | $762,927 |
Investments—publicly traded securities | $34,344,928 |
Investments—other securities | $288,414,948 |
Investments—program-related | $0 |
Intangible assets | $143,500 |
Other assets | $20,297,056 |
Total assets | $393,610,862 |
Accounts payable and accrued expenses | $1,765,772 |
Grants payable | $0 |
Deferred revenue | $547,188 |
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 | $96,963,116 |
Total liabilities | $99,276,076 |
Net assets without donor restrictions | $7,402,377 |
Net assets with donor restrictions | $286,932,409 |
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 | $393,610,862 |