Pnm Foundation Inc
- Assets
- $17.1m
- Revenue
- $2.9m
- Investments
- $16.9m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 12/1983
- Data as of
- 12/2021
- EIN
- 85-0309005
Organization Overview
Pnm Foundation Inc is located in Albuquerque, NM. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pnm 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 12/2021, Pnm Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.8% 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.
Since 2014, Pnm Foundation Inc has awarded 1,463 individual grants totaling $10,252,579. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Larese Trustee | 1 | $0 | |
Tom Fallgren Trustee | 1 | $0 | |
Lisa Goodman Vice President | 1 | $0 | |
Cathy Newby Trustee | 1 | $0 | |
Mary Parra Trustee | 1 | $0 | |
Mike Mertz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $165 |
| Dividends & Interest | $389,647 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,484,880 |
| Capital Gain Net Income | $2,484,880 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,874,692 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,648 |
| Total operating and administrative expenses | $102,019 |
| Contributions, gifts, grants paid | $1,408,785 |
| Total expenses and disbursements | $1,510,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,577 |
| Savings and temporary cash investments | $7,095 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,118,191 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $209,094 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $19,106 |
| Total liabilities | $228,200 |
Grants Awarded
Over the last fiscal year, Pnm Foundation Inc has awarded $1,408,785 in support to 153 organizations.
| Grant Recipient | Amount |
|---|---|
MATCHING GRANTS LESS THAN 5000 PURPOSE: EMPLOYEE MATCHING | $99,000 |
VOLUNTEER GRANTS LESS THAN 5000 PURPOSE: EMPLOYEE VOLUNTEER | $78,132 |
ALBUQUERQUE COMMUNITY FOUNDATION PURPOSE: EMPLOYEE CRISIS GRANTS | $55,000 |
Albuquerque, NM PURPOSE: STRATEGIC IMPACT GRANTS | $50,000 |
Albuquerque, NM PURPOSE: STRATEGIC IMPACT GRANTS | $40,000 |
ALBUQUERQUE COMMUNITY FOUNDATION PURPOSE: STRATEGIC IMPACT GRANTS | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pnm Foundation Inc has recieved totaling $110,756.
| Awarding Organization | Amount |
|---|---|
King-Carpenter Foundation Albuquerque, NM PURPOSE: GENERAL | $55,000 |
Edmund J & Thelma W Evans Charitable Trust Las Vegas, NV PURPOSE: SCHOLORSHIPS | $43,156 |
Organization Name not Listed PURPOSE: FINANCIAL NEED | | $5,000 |
Olives Family Foundation Inc Atlanta, GA PURPOSE: OPERATING GRANT | $5,000 |
New Mexico Broadcasters Association Foundation Inc Albuquerque, NM PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,100 |
Foundation For Sustainable Living Albuquerque, NM PURPOSE: CHARITABLE - SUPPORT EDUCATIONAL PROGRAMS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |