Program areas at NMEAF
Student loan programs: originate, purchase and service student loans. Program service expense amounts include cost of interest on debt issued to fund loans. The number of outstanding loans on 06/30/2022 was 45,779.
Default ffelp collections: collecting on loans that were defaulted in the ffelp program. Counsel and work with borrowers to bring them back into good standing and rehabilitate their loans whenever possible.
Student loan programs: provide administrative service for the New Mexico student loan guarantee corporation, functioning as the guaranty agency under the guaranteed student loan program (federal family education loan program).
Personnel at NMEAF
| Name | Title | Compensation | Date of data |
|---|
| Brad Allpass | President , Chief Executive Officer | $192,076 | 2023-12-13 |
| Grace Tackman | Assistant Vice President , Human Resources | $135,549 | 2023-12-13 |
| Lois Fort | Director of Operations | $106,434 | 2022-06-30 |
| Reginald Storment | General Counsel | $155,482 | 2022-06-30 |
| Gavin Gillette | Chair | $0 | 2023-12-13 |
| ...and 7 more key personnel |
Financials for NMEAF
| Revenues | FYE 06/2022 | FYE 06/2021 | % Change |
|---|
| Total grants, contributions, etc. | $810,536 | $17,402 | 4557.7% |
| Program services | $12,302,763 | $13,933,601 | -11.7% |
| Investment income and dividends | $69,782 | $38,673 | 80.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-859,987 | $0 | -999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $12,323,094 | $13,989,676 | -11.9% |
Organizations like NMEAF
| Organization | Type | Location | Revenue |
|---|
| Beneficial State Foundation | 501(c)(3) | Oakland, CA | $5,676,276 |
| Jewish Free Loan Association | 501(c)(3) | Los Angeles, CA | $3,433,226 |
| PEO Educational Loan Fund | 501(c)(3) | Des Moines, IA | $3,948,036 |
| NHHEAF Network Organizations (NHHEAF) | 501(c)(3) | Concord, NH | $60,034,018 |
| EduCap | 501(c)(3) | Sterling, VA | $3,429,686 |
| Louisiana Asset Management Pool | 501(c)(3) | New Orleans, LA | $3,874,257 |
| Carolina Small Business Development Fund | 501(c)(3) | Raleigh, NC | $6,416,650 |
| Accion Opportunity Fund Community Development | 501(c)(3) | San Jose, CA | $58,948,332 |
| Florida Community Loan Fund (FCLF) | 501(c)(3) | Orlando, FL | $9,380,993 |
| I2e | 501(c)(3) | Oklahoma City, OK | $9,581,488 |
Data update history
December 13, 2023
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 1, 2023
Updated personnel
Identified 1 new personnel
May 21, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingCommunity engagement / volunteeringTax deductible donations
General information
- Address
- PO Box 27020
- Albuquerque, NM 87125
- Metro area
- Albuquerque, NM
- County
- Bernalillo County, NM
- Website URL
- nmeaf.org/Â
- Phone
- (505) 345-3371
IRS details
- EIN
- 85-0291313
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1981
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- W60: Financial Institutions, Credit Unions
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Central organization
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