Nonprofit · EIN 56-2292397
NEW MEXICO TAX RESEARCH INSTITUTE
Tax-exempt (reinstated) · ALBUQUERQUE, NM 87199
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $209,532 | $250,342 | -$40,810 | $191,680 | $8,586 | $183,094 |
| December 31, 2023 | 990-PF | $207,909 | $243,959 | -$36,050 | $234,916 | $11,012 | $223,904 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $126,250
- Interest
- $1,057
- Other income
- $82,225
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $174,278
- Excise tax on investment income
- $15
Balance sheet and other
- Total assets, start of year
- $234,916
- Total assets, end of year
- $191,680
- Total liabilities, end of year
- $8,586
- Net assets, end of year
- $183,094
- Net investment income
- $1,057
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard L Anklam PO Box 91657, Albuquerque, NM 871991657 | President | 40 | $174,278 |
| Charles I Wellborn 1331 Park Ave SW 904, Albuquerque, NM 87102 | Director | 0 | $0 |
| Brian McDonald 4219 Coe Dr NE, Albuquerque, NM 871104936 | Chairman | 0 | $0 |
| James O'Neill PO Box 1864, Albuquerque, NM 871947156 | Director | 0 | $0 |
| AJ Forte 1229 Paseo De Peralta, Santa Fe, NM 87504 | Director | 0 | $0 |
| Nancy King PO Box 2306, Santa Fe, NM 875042307 | Director | 0 | $0 |
| Tim Van Valen 201 Third St NW, Albuquerque, NM 87102 | Director | 0 | $0 |
| Leslie Simmons 2828 N Harwood Suite 1300, Dallas, TX 75201 | Director | 0 | $0 |
| Larry Morris Alvarado Square MS 2708, Albuquerque, NM 87158 | Director | 0 | $0 |
| Suzanne Bruckner PO Box 1945, Albuquerque, NM 871031945 | Vice Chair | 0 | $0 |
| Steve Keene 6100 Uptown Blvd NE Ste 400, Albuquerque, NM 87110 | Treasurer | 0 | $0 |
| Tracey Sprouls PO Boxd 1888, Albuquerque, NM 87103 | Director | 0 | $0 |
| David Slater 4100 Sara Rd, Rio Rancho, NM 87124 | Director | 0 | $0 |
| Tom Sellers 1122 Colorado St, Austin, TX 78701 | Director | 0 | $0 |
| Steve Perry 1005 Congress Ave, Austin, TX 78701 | Director | 0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcus Mims 500 Marquette Ave NW, Albuquerque, NM 87102 | Director | 0 | $0 |
| Jim Frasier 4212 N Grimes, Hobbs, NM 88240 | Director | 0 | $0 |
990-PF for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Richard L Anklam PO Box 91657, Albuquerque, NM 871991657 | President | 40 | $168,826 |
| Charles I Wellborn 1331 Park Ave SW 904, Albuquerque, NM 87102 | Director | 0 | $0 |
| Brian McDonald 4219 Coe Dr NE, Albuquerque, NM 871104936 | Chairman | 0 | $0 |
| James O'Neill PO Box 1864, Albuquerque, NM 871947156 | Director | 0 | $0 |
| Nancy King PO Box 2306, Santa Fe, NM 875042307 | Director | 0 | $0 |
| Tim Van Valen 201 Third St NW, Albuquerque, NM 87102 | Director | 0 | $0 |
| Leslie Simmons 2828 N Harwood Suite 1300, Dallas, TX 75201 | Director | 0 | $0 |
| Grant Welker PO Box 2860, Silver City, NM 87023 | Director | 0 | $0 |
| Bill Fulginiti 1229 Paseo De Peralta, Santa Fe, NM 87504 | Director | 0 | $0 |
| Larry Morris Alvarado Square MS 2708, Albuquerque, NM 87158 | Director | 0 | $0 |
| Suzanne Bruckner PO Box 1945, Albuquerque, NM 871031945 | Director | 0 | $0 |
| Steve Keene 6100 Uptown Blvd NE Ste 400, Albuquerque, NM 87110 | Treasurer | 0 | $0 |
| Tracey Sprouls PO Boxd 1888, Albuquerque, NM 87103 | Director | 0 | $0 |
| David Slater 4100 Sara Rd, Rio Rancho, NM 87124 | Director | 0 | $0 |
| Tom Sellers 1122 Colorado St, Austin, TX 78701 | Director | 0 | $0 |
| Steve Perry 1005 Congress Ave, Austin, TX 78701 | Director | 0 | $0 |
| Marcus Mims 500 Marquette Ave NW, Albuquerque, NM 87102 | Director | 0 | $0 |
| Jim Frasier 4212 N Grimes, Hobbs, NM 88240 | Director | 0 | $0 |
| Tony Popp Box 30001/MSC 3CQ, Las Cruces, NM 880038001 | Director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 91657, ALBUQUERQUE, NM 87199-1657
- In care of
- % RICHARD ANKLAM
- Signed the 990-PF
- Richard L Anklam, Executive Director
- Phone
- (505) 842-5833
- Return prepared by
- Wellborn & Company LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2292397
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $191,680
- Income (IRS master file)
- $209,532
Revocation and reinstatement
- Exemption revoked
- May 15, 2011
- Posted by the IRS
- February 22, 2012
- Reinstated
- Effective May 15, 2012
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $209,532 | $250,342 | $191,680 | XML |
| 990-PF | December 2023 | $207,909 | $243,959 | $234,916 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2019 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2292397).
Questions about NEW MEXICO TAX RESEARCH INSTITUTE
- What is the EIN of NEW MEXICO TAX RESEARCH INSTITUTE?
- The employer identification number (EIN) of NEW MEXICO TAX RESEARCH INSTITUTE is 56-2292397.
- Is NEW MEXICO TAX RESEARCH INSTITUTE tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2011 and reinstated it effective May 15, 2012.
- Are donations to NEW MEXICO TAX RESEARCH INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does NEW MEXICO TAX RESEARCH INSTITUTE file?
- Form 990-PF. Private foundations file every year.
- When is the next return of NEW MEXICO TAX RESEARCH INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MEXICO TAX RESEARCH INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of NEW MEXICO TAX RESEARCH INSTITUTE?
- The 990-PF for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $174,278 (Richard L Anklam, President).
- How much revenue does NEW MEXICO TAX RESEARCH INSTITUTE have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $209,532, expenses of $250,342 and total assets of $191,680 at year end.
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