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
2022-06-01
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.
Also known as...
The New Mexico Tech Research Foundation
Total revenues
$2,517,298
2022
Total expenses
$3,211,554
2022
Total assets
$38,498,574
2022
Num. employees
0
2022

Program areas at New Mexico Tech Foundation

Provides scholarships and grants to support students attending New Mexico institute of mining and technology, as well as recruiting, advertising, and other associated activities.
Leases apartments to New Mexico institute of mining and technology for its students.
To support meetings and events that raise the profile of New Mexico institute of mining and technology with friends, alumni and donors with the goal of gaining financial support through donations.

Grants made by New Mexico Tech Foundation

GranteeGrant descriptionAmount
New Mexico Institute of Mining and TechnologyScholarships ($12,000) and Academic Support ($2,793,077)$2,805,077

Who funds New Mexico Tech Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Thornburg FoundationNew Mexico Water Data Initiative: Planning Regional-Scale Groundwater-Level Monitoring Networks$100,000
Raymond James Charitable Endowment FundGeneral Use And/or Special Fund/project$22,000
The Ayco Charitable FoundationEducation$15,000
...and 1 more grant received

Personnel at New Mexico Tech Foundation

NameTitleCompensation
Colleen FosterExecutive Director and$0
Joanna DebrinePresident / Secretary / Trustee$0
Jerry A ArmijoVice President / Trustee$0
Jeffrey CoreyTreasurer and Secretary$0
James Reist AssistantSecretary$0
...and 5 more key personnel

Financials for New Mexico Tech Foundation

RevenuesFYE 06/2022
Total grants, contributions, etc.$1,684,567
Program services$87,900
Investment income and dividends$744,831
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$2,517,298

Form 990s for New Mexico Tech Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-062022-04-25990View PDF
2020-062021-05-05990View PDF
2019-062021-03-23990View PDF
2018-062019-12-09990View PDF
2017-062018-04-10990View PDF
...and 7 more Form 990s
Data update history
May 24, 2023
Updated personnel
Identified 6 new personnel
August 2, 2022
Received grants
Identified 1 new grant, including a grant for $41,870 from PayPal Giving Fund
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 18, 2021
Posted financials
Added Form 990 for fiscal year 2019
June 20, 2021
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employees
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
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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