EIN 85-0194323

New Mexico Tech Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Socorro
Year formed
1965
Most recent tax filings
2024-06-01
NTEE code, primary
Description
The Foundation is organized to promote and advance the interests of the New Mexico institute of mining and technology by making funds available for institutional support and scholarships. Promote and advance the interests of the New Mexico institute of mining and technology. Promote science education at the New Mexico institute of mining and technology.
Total revenues
$3,416,400
2024
Total expenses
$3,160,865
2024
Total assets
$43,864,530
2024
Num. employees
0
2024

Program areas at New Mexico Tech Foundation

The Foundation is organized to promote and advance the interests of the New Mexico institute of mining and technology. This includes support of meetings and events that raise the profile of New Mexico Tech with friends, alumni and donors, with the goal of gaining financial support through donations.
Leases apartments to New Mexico institute of mining and technology for its students.
Provides scholarships and grants to support students attending the New Mexico institute of mining and technology, as well as recruiting, advertising, and other associated activities.

Grants made by New Mexico Tech Foundation

GranteeGrant descriptionAmount
New Mexico Institute of Mining and TechnologyScholarships ($1,324,312) and Academic Support ($1,454,243)$2,778,555

Who funds New Mexico Tech Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$211,750
Thornburg FoundationWater Programs Stimulus: Leading the Way on Water Education and Applied Science for NM$125,000
New Mexico Community TrustEducation$100,000
...and 7 more grants received

Financials for New Mexico Tech Foundation

RevenuesFYE 06/2024
Total grants, contributions, etc.$2,251,216
Program services$100,858
Investment income and dividends$1,064,326
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,416,400
Data update history
July 15, 2025
Posted financials
Added Form 990 for fiscal year 2024
July 14, 2025
Updated personnel
Identified 2 new personnel
January 14, 2025
Received grants
Identified 4 new grant, including a grant for $125,000 from Thornburg Foundation
January 3, 2025
Received grants
Identified 4 new grant, including a grant for $40,000 from Community Foundation of Southern New Mexico
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from The Bank of America Charitable Foundation
Nonprofit Types
Grantmaking organizationsSchoolsHeadquarter / parent organizationsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesLegally formed as corporation
General information
Address
801 Leroy Pl
Socorro, NM 87801
County
Socorro County, NM
Phone
(575) 835-5658
IRS details
EIN
85-0194323
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1965
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
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