New Mexico State University Foundation Inc
Only 55% goes to programs $33 to raise $100 Strong reserves Declining revenue
New Mexico State University Foundation Inc is a 501(c)(3) organization based in Las Cruces, New Mexico, registered in 1960, with $41,094,361 in FY2023 revenue. CharityIndex grades it B+, and it directs about 55% of spending to programs.
Po Box 3590, Las Cruces, NM, 88003 EIN 85-0170157 Since 1960
Revenue (FY2023)
$41.1M
▲ 116.1% vs prior year
Education median: $200K
Expenses (FY2023)
$29.8M
Net assets
$328.0M
Employees
108
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating55% to programs · $33 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New Mexico State University Foundation Inc: 55% to programs · $33 to raise $100 earns a C+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating132 mo reserves · +28% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Mexico State University Foundation Inc: 132 mo reserves · +28% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New Mexico State University Foundation Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Mexico State University Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The mission of new mexico state university foundation is to foster long-term relationships with our alumni, supporters, and community in order to secure, manage, steward, and protect a sustainable source of private resources that will enhance the ability of new mexico state university to fulfill its land grant mission.
Contact & location
- Address
- Po Box 3590, Las Cruces, NM, 88003
- City
- Las Cruces
- State
- New Mexico
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $18.3M (FY2013) to $41.1M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $95.1MNet assets $328.0M
Operating margin
27.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$423.1M
Total liabilities
$95.1M
Net assets
$328.0M
Salaries & benefits
$8.6M
29% of expenses
Board members
31
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $41,094,361▲116% | $29,765,615▲22.5% | $327,978,292▲9.2% | $423,070,189▲10.1% | 990 |
| 2022 | $19,013,620▼79.8% | $24,293,707▲28.5% | $300,335,734▼0.3% | $384,382,069▲9.0% | 990 |
| 2021 | $93,998,424▼15.6% | $18,907,940▲22.5% | $301,389,179▲1.8% | $352,538,517▼0.8% | 990 |
| 2020 | $111,307,691▲387% | $15,438,214▲2.0% | $296,158,632▲69.9% | $355,498,587▲56.9% | 990 |
| 2019 | $22,858,088▲2.6% | $15,130,889▼3.8% | $174,341,038▲2.9% | $226,596,148▲1.9% | 990 |
| 2018 | $22,275,082▼12.3% | $15,722,004▲12.6% | $169,359,278▲5.0% | $222,277,748▲3.9% | 990 |
| 2017 | $25,406,201▲3.5% | $13,968,155▲12.3% | $161,264,464▲8.1% | $213,881,098▲7.3% | 990 |
| 2016 | $24,547,007▲10.0% | $12,443,656▼7.7% | $149,219,804▲13.4% | $199,407,019▲11.2% | 990 |
| 2015 | $22,306,529▲5.9% | $13,488,275▲3.1% | $131,614,807▼0.7% | $179,345,497▼1.5% | 990 |
| 2014 | $21,069,392▲15.4% | $13,080,730▼2.5% | $132,550,284▲3.1% | $182,108,281▲1.6% | 990 |
| 2013 | $18,258,582 | $13,418,523▲15.0% | $128,597,571▲13.1% | $179,318,732▲10.1% | 990 |
| 2012 | — | $11,669,067▲14.0% | $113,655,489▲10.8% | $162,934,155▲9.7% | 990 |
| 2011 | — | $10,238,161▼19.4% | $102,550,532▲0.7% | $148,538,728▲1.1% | 990 |
| 2010 | — | $12,704,730▲53.2% | $101,790,502▲3.7% | $146,893,068▲6.2% | 990 |
| 2009 | — | $8,291,938 | $98,173,196 | $138,279,548 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: David Strong — $343,955 (1.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Strong | Chief Financial Officer (until 6/14/2024 | 40 | $343,955 |
| Virginia Schlemeyer | Vp For External Relations (until 9/15/2023) | 40 | $204,914 |
| Stacey Macdonnell | Avp Advancement Services | 40 | $173,848 |
| Derek Dictson | Former President | 40 | $172,299 |
| James Covington | Executive Director - Estates and Planned Giving | 40 | $170,837 |
| Matthew Burns | Chief of Staff | 40 | $153,707 |
| Susan Sorenson-clark | Director of Talent and Culture | 40 | $142,964 |
| Maria Mcdonagh | Director of Communications | 40 | $139,770 |
| John Gresham | It Director | 40 | $130,496 |
| Sylvia Acosta | Chief Executive Officer (begin 10/2/2023) | 40 | $90,827 |
| Aaron De Los Santos | Treasurer (until 4/2024) | 2 | — |
| Abel Covarrubias | Director | 1 | — |
| Amy Hummer | Secretary | 2 | — |
| Bob Dintelman | Director | 1 | — |
| Carol Smallwood | Director | 1 | — |
| Christian H Hendrickson | Chair | 2 | — |
| Christopher Dulany | Director | 1 | — |
| Deanza Valencia | Director | 1 | — |
| Del Esparza | Director | 1 | — |
| Dr Judy Johnson | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Angeles Investments | Investment Services | $639,195 |
| Blackbaud | Software Services | $174,782 |
| Aspen Leadership Group | Executive Search Services | $161,806 |
| Advanced Network Solutions | It Services | $107,454 |
Grants received · $3.8M total
104 grants to New Mexico State University Foundation Inc totaling $3.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $123,816 |
| Ayco Charitable Foundation | Education | 2024 | $69,625 |
| Delta Dental Plan of New Mexico Inc | Charitable contribution to dental hygiene program | 2024 | $30,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $27,768 |
| Charities Aid Foundation America | Charitable donation | 2024 | $15,000 |
| Community Foundation of New Jersey | Universities, graduate schools or law schools | 2024 | $12,900 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $9,000 |
| Otero County Hospital Association | Community benefit | 2023 | $186,000 |
| American Online Giving Foundation Inc | General support | 2023 | $116,374 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $92,650 |
| Ayco Charitable Foundation | Education | 2023 | $83,500 |
| Delta Dental Plan of New Mexico Inc | Charitable contribution to dental hygiene program | 2023 | $50,000 |
| Donor Advised Charitable Giving | Education | 2023 | $38,060 |
| American Chemical Society | General support | 2023 | $20,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $15,000 |
Grants made · $13.4M in FY2023
1 grant totaling $13.4M in FY2023. All grants made by New Mexico State University Foundation Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| New Mexico State University | Support nmsu activities | $13,362,319 |
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Frequently asked questions
- Is New Mexico State University Foundation Inc a legitimate nonprofit?
- Yes. New Mexico State University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 85-0170157, based in Las Cruces, New Mexico. Donations are tax-deductible.
- What is New Mexico State University Foundation Inc's EIN?
- New Mexico State University Foundation Inc's Employer Identification Number (EIN) is 85-0170157.
- How much revenue does New Mexico State University Foundation Inc report?
- New Mexico State University Foundation Inc reported $41,094,361 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of New Mexico State University Foundation Inc's spending goes to programs?
- New Mexico State University Foundation Inc spends about 55% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does New Mexico State University Foundation Inc have?
- CharityIndex grades New Mexico State University Foundation Inc B+, based on program efficiency and fundraising cost.
- How much does New Mexico State University Foundation Inc's highest-paid employee make?
- The highest reported compensation on New Mexico State University Foundation Inc's latest Form 990 is $343,955, paid to David Strong (Chief Financial Officer (until 6/14/2024).
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Data for New Mexico State University Foundation Inc (EIN 85-0170157) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.