New Mexico Broadcasters Association Foundation Inc
- Assets
- $4.2k
- Revenue
- $50.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 08/2001
- Data as of
- 12/2021
- EIN
- 85-0479006
Organization Overview
New Mexico Broadcasters Association Foundation Inc is located in Albuquerque, NM. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Broadcasters Association 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, New Mexico Broadcasters Association Foundation Inc generated $50.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $50.6k during the year ending 12/2021. While expenses have increased by 8.7% 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 2018, New Mexico Broadcasters Association Foundation Inc has awarded 107 individual grants totaling $110,400. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NM BROADCASTERS ASSOCIATION FOUNDATION PROVIDES ANNUAL SCHOLARSHIPS TO ENSURE THAT ANY NEW MEXICO STUDENT INTERESTED IN THE BROADCAST INDUSTRY CAN SUCCEED. WE PROVIDE PAID INTERNSHIPS TO COLLEGE STUDENTS AT UNM IN BROADCAST FACILITIES. IN 2021 NMBF GAVE GRANTS AND SCHOLARSHIPS 8 ORGANIZATIONS AND 24 INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Blanco Chairperson | 0.25 | $0 | |
Duffy Moon Vice Chairperso | 0.25 | $0 | |
Lori Waldon Secretary | 0.25 | $0 | |
Bill Kruger Past Chair | 0.25 | $0 | |
Mike Smith Treasurer | 0.25 | $0 | |
Bill Burt Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $50,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,010 |
| Total operating and administrative expenses | $2,010 |
| Contributions, gifts, grants paid | $48,600 |
| Total expenses and disbursements | $50,610 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,225 |
| Savings and temporary cash investments | $0 |
| 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 | $4,225 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, New Mexico Broadcasters Association Foundation Inc has awarded $48,600 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Albuquerque, NM PURPOSE: COMMUNITY SCHOLARSHIPS | $8,400 |
GRACE CHERRY PURPOSE: SCHOLARSHIP | $2,400 |
FRANCISCO ARIAS PURPOSE: SCHOLARSHIP | $2,200 |
LESLI HERNANDEZ PURPOSE: SCHOLARSHIP | $2,200 |
KATELIN J MOSER PURPOSE: SCHOLARSHIP | $2,100 |
Albuquerque, NM PURPOSE: EDUCATIONAL SCHOLARSHIP | $2,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indigenous Education Inc Albuquerque, NM | $3,738,546 | $7,442,761 |
Higher Education Servicing Corp In Arlington, TX | $44,544,807 | $11,853,938 |
Arizona Private Education Scholarship Fund Inc Scottsdale, AZ | $4,340,429 | $7,500,005 |
Brazos Higher Education Service Corporation Inc Waco, TX | $152,724,525 | $12,631,577 |
Western Union Foundation Inc Denver, CO | $4,087,172 | $7,099,166 |
Davis Education Foundation Farmington, UT | $5,085,973 | $8,327,640 |
Smart Bowling Scholarship Funding Corporation Arlington, TX | $97,151,764 | $16,570,188 |
School Choice Arizona Inc Chandler, AZ | $10,615,298 | $8,926,972 |
New Mexico Student Loan Guarantee Corporation Albuquerque, NM | $15,866,075 | $3,044,592 |
Kimberly-Clark Foundation Inc Irving, TX | $0 | $5,825,814 |
Prosperity Denver Fund Denver, CO | $29,340,017 | $14,622,453 |
College Success Arizona Phoenix, AZ | $19,037,884 | $6,349,882 |