EIN 31-1611995

Think New Mexico

IRS 501(c) type
501(c)(3)
Num. employees
10
Year formed
1998
Most recent tax filings
2022-12-01
Description
Think New Mexico champions the enactment of legislation reducing the maximum annual interest rate on small loans from 175% to 36%, during the 2022 legislative session, with data from the state regulation and licensing department. Its mission includes education and public policy research.
Total revenues
$1,120,195
2022
Total expenses
$738,214
2022
Total assets
$3,749,700
2022
Num. employees
10
2022

Program areas at Think New Mexico

In 2022, Think New Mexico launched a major New initiative to dramatically improve student outcomes in New Mexico's public schools. Think New Mexico researched, wrote, and published a policy report titled, "a roadmap for rethinking public education in New Mexico," which laid out a sweeping ten point plan with 30 separate legislative recommendations to improve the performance of New Mexico's public school students. Copies of the report were distributed to nearly 14,000 New mexicans as part of our extensive public education efforts around this issue. Think New Mexico also developed legislation to implement our proposed reforms and organized a diverse coalition of supporters to advocate for them during the 2023 legislative session. During the 2023 session, several of Think New Mexico's proposed education reforms were enacted, including increasing learning time for students by the equivalent of 27 extra days a year for elementary school students and 10 extra days for middle and high school students, as well as securing funding for higher principal salaries and for teacher residencies, paid year-long experiences in which a New teacher teaches alongside an experienced teacher. In addition, in 2022 Think New Mexico successfully won passage of legislation implementing the primary policy reform proposed in our 2020 policy report titled, "how predatory lending swallowed New Mexico and what we can do about it." During the 2022 legislative session, Think New Mexico successfully championed the enactment of legislation reducing the maximum annual interest rate on small loans from 175% to 36%. Based on data from the state regulation and licensing department, we estimate that this reform is saving 240,000 low-income New mexicans approximately 175 million a year. During the 2022 legislative session, Think New Mexico also successfully championed the enactment of legislation repealing the tax on social security income for all middle and lower income seniors (those with incomes under 100,000 as individuals or 150,000 as couples). This will save 115,000 New Mexico seniors about 100 million a year. Think New Mexico recommended that the state reduce or repeal its tax on social security in its 2019 policy report, "solving the hidden crisis: achieving retirement security for all New mexicans." Finally, in 2022 Think New Mexico continued its leadership internship program, which aims to retain a New generation of potential leaders in New Mexico by teaching them how they can make a difference in their home state. In 2022, the internship program served five students from across New Mexico, training them how to develop and enact sound public policy and introducing them to key policymakers and opinion leaders.

Who funds Think New Mexico

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Santa Fe Community FoundationGeneral Operating Support$104,811
Schwab Charitable FundHuman Services$38,100
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$37,675
...and 42 more grants received totalling $526,239

Personnel at Think New Mexico

NameTitleCompensation
Fred NathanSecretary and Executive Director$126,330
Susan L. MartinBusiness Manager
Roberta Cooper RamoChair$0
Jacqueline BacaTreasurer$0
Edward LujanVice - Chair$0
...and 1 more key personnel

Financials for Think New Mexico

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,156,366
Program services$0
Investment income and dividends$52,619
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-89,273
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$483
Total revenues$1,120,195

Form 990s for Think New Mexico

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-04990View PDF
2021-122022-07-21990View PDF
2020-122021-07-23990View PDF
2019-122020-12-03990View PDF
2018-122019-08-09990View PDF
...and 9 more Form 990s
Data update history
February 4, 2024
Received grants
Identified 22 new grant, including a grant for $104,811 from Santa Fe Community Foundation
October 24, 2023
Received grants
Identified 4 new grant, including a grant for $10,000 from Scandia Foundation
October 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Received grants
Identified 35 new grant, including a grant for $69,615 from Santa Fe Community Foundation
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsSchoolsCharities
Issues
EducationHuman servicesPublic policy
Characteristics
Political advocacyLobbyingState / local levelEndowed supportTax deductible donations
General information
Address
505 Don Gaspar Ave
Santa Fe, NM 87505
Metro area
Santa Fe, NM
Website URL
thinknewmexico.org/ 
Phone
(505) 992-1315
IRS details
EIN
31-1611995
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B05: Education Research Institutes and Public Policy Analysis
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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