Pnm Foundation Inc
- Assets
- $15.8m
- Revenue
- $81.8k
- Investments
- $15.8m
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 12/1983
- Data as of
- 12/2022
- 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 12/2022, Pnm Foundation Inc generated $81.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.6%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Pnm Foundation Inc has awarded 1,618 individual grants totaling $11,601,764. 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 | |
Lisa Goodman President | 1 | $0 | |
Paul Lopez Trustee | 1 | $0 | |
Cathy Newby Trustee | 1 | $0 | |
Mary Parra Trustee | 1 | $0 | |
Mike Mertz Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,190 |
| Dividends & Interest | $448,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$367,937 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,810 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,061 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,081 |
| Total operating and administrative expenses | $54,550 |
| Contributions, gifts, grants paid | $1,349,185 |
| Total expenses and disbursements | $1,403,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,042 |
| Savings and temporary cash investments | $5,466 |
| 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 | $1,936 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $15,777,160 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $51,644 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $51,644 |
Grants Awarded
Over the last fiscal year, Pnm Foundation Inc has awarded $1,349,185 in support to 155 organizations.
| Grant Recipient | Amount |
|---|---|
PETROLIVA VFD PURPOSE: POWER UP GRANTS | $5,000 |
AGAPE COMMUNITY INC PURPOSE: REDUCE YOUR USE GRANTS | $1,500 |
EL REFUGIO INC PURPOSE: AFFORDABLE HOUSING GRANTS | $10,000 |
HEADING HOME PURPOSE: AFFORDABLE HOUSING GRANTS | $10,000 |
GREATER ALBUQUERQUE HABITAT FOR HUMANITY PURPOSE: AFFORDABLE HOUSING GRANTS | $10,000 |
GOOD SHEPHERD CENTER PURPOSE: AFFORDABLE HOUSING GRANTS | $10,000 |