Nonprofit · EIN 85-0158371
THE NEW MEXICO BAPTIST FOUNDATION
Tax-exempt · ALBUQUERQUE, NM 87191
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,739,380 | $1,864,160 | $875,220 | $71,062,438 | $56,221,293 | $14,841,145 |
| December 31, 2024 | 990 | $1,674,849 | $1,675,464 | -$615 | $61,900,462 | $47,851,736 | $14,048,726 |
| December 31, 2023 | 990 | $2,466,429 | $2,620,542 | -$154,113 | $55,458,452 | $42,579,360 | $12,879,092 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $204,560
- Program service revenue
- $1,757,253
- Investment income
- $736,597
- Net gain from sales of assets
- $459,620
- Other revenue
- $40,970
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $570,707
- Other salaries and wages
- $637,194
- Salaries, compensation and benefits (total)
- $1,481,611
- Professional fundraising fees
- $0
- Accounting fees
- $47,458
- Occupancy
- $75,739
- Travel
- $36,141
- Depreciation
- $51,749
- Program services (functional)
- $1,094,554
- Management and general (functional)
- $530,764
- Fundraising (functional)
- $238,842
Balance sheet and other
- Total assets, start of year
- $61,900,462
- Total assets, end of year
- $71,062,438
- Total liabilities, end of year
- $56,221,293
- Net assets, end of year
- $14,841,145
- Land, buildings and equipment
- $377,958
- Publicly traded securities
- $46,717,362
- Net assets without donor restrictions
- $8,292,467
- Net assets with donor restrictions
- $6,548,678
- Gross receipts
- $11,383,082
- Employees
- 14
- Year formed
- 1948
- State of legal domicile
- NM
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICK BREEDEN | PRESIDENT Officer | 40 | $332,156 | $82,480 |
| DAYNA MELVIN | CFO Officer | 40 | $132,768 | $23,303 |
| TED WITH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT EWING | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LINDA DEAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| STEVE BALLEW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDY BYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CAMPBELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LOUDAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY PATTERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS PAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICK BREEDEN | PRESIDENT Officer | 40 | $309,500 | $81,301 |
| TED WITH | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT EWING | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LINDA DEAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHARLES STOCKTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE BALLEW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS PAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARROLL VAUGHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LOUDAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY PATTERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICK BREEDEN | PRESIDENT Officer | 40 | $279,170 | $72,938 |
| CHARLES STOCKTON | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TED WITH | VICE-CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT EWING | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LINDA DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEWIS WILLIAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE BALLEW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS PAYTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARROLL VAUGHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN LOUDAT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD GOMEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 16560, ALBUQUERQUE, NM 87191-6560
- In care of
- % RICK BREEDEN
- Principal officer (990 for 2025)
- RICK BREEDEN, PO BOX 16560, ALBUQUERQUE, NM 87191
- Signed the 990
- DAYNA MELVIN, CFO
- Phone
- (505) 332-3777
- Website
- WWW.NMBF.COM
- Return prepared by
- SJT GROUP LLC
Mission
THE NEW MEXICO BAPTIST FOUNDATION SEEKS TO FULFILL ITS MISSION TO GENERATE FUNDS FOR KINGDOM CAUSES AROUND THE WORLD. WE ARE COMMITTED TO ASSISTING INDIVIDUALS, CHURCHES, AND CHARITIES IMPACTING THE WORLD THROUGH THE FAITHFUL STEWARDSHIP OF GOD'S RESOURCES. THE FOUNDATION MANAGES FUNDS ENTRUSTED FOR THE ONGOING BENEFIT OF CHURCHES, MISSIONS, MINISTRY, AND CHARITABLE ORGANIZATIONS. IN ADDITION, THE FOUNDATION PROVIDES RESOURCES FOR ESTATE PLANNING, CHARITABLE GIFTING, ENDOWMENT CREATION, SCHOLARSHIPS, CHURCH FINANCE, AND COMPASSION CAUSES.
Program accomplishments
- THE GENERAL PURPOSE OF THE NEW MEXICO BAPTIST FOUNDATION (FOUNDATION) SHALL BE TO SERVE ANY BAPTIST INSTITUTION, AGENCY, OR ENTERPRISE OR ANY BENEVOLENT, CHARITABLE, EDUCATIONAL OR MISSIONARY UNDERTAKING, INSTITUTION OR AGENCY FOSTERED BY OR HAVING THE OFFICIAL SANCTION OF THE BAPTIST CONVENTION OF NEW MEXICO, OR THE SOUTHERN BAPTIST CONVENTION. SUCH CONJOINED PURPOSES TO BE EXECUTED SIMULTANEOUSLY IN THE FURTHERANCE OF THE DEVELOPMENT OF BENEVOLENT, CHARITABLE, EDUCATIONAL AND MISSIONARY ACTIVITIES IN, AND FOR THE BENEFIT OF, SCHOOLS, HOSPITALS, ORPHANAGES AND OTHER ENTERPRISES OPERATED AS BAPTIST INSTITUTIONS OR UNDER THE SUPERVISION OF THE BAPTIST CONVENTION OF NEW MEXICO OR THE SOUTHERN BAPTIST CONVENTION, OR FOR ANY CHARITABLE PURPOSE WHEN A PART OF THE INCOME OF A PARTICULAR TRUST SHALL BE FOR THE PURPOSE HEREIN ABOVE STATED, AND TO SUCH END MAY RECIEVE BY BEQUEST, DEVISE, GIFT, PURCHASE OR LEASE, EITHER ABSOLUTELY OR IN TRUST, ANY REAL OR PERSONAL PROPERTY. TO CONVEY SUCH PROPERTY, TO INVEST AND REINVEST THE SAME OF THE PROCEEDS THEREOF, IN SUCH MANNER AS IN THE JUDGMENT OF THE BOARD OF DIRECTORS WILL BEST PROMOTE SUCH OBJECTIVES. TO MAKE DISTRIBUTIONS OF INCOME AND PRINCIPAL IN ACCORDANCE WITH THE DIRECTIONS OF THE DONOR, GRANTOR OR TESTATOR. IN THE ABSENCE OF SUCH DIRECTION, SUCH DISTRIBUTIONS SHALL BE MADE AT THE DISCRETION OF THE BOARD OF DIRECTORS OF THE FOUNDATION TO AN INSTITUTION OR AGENCY OF THE BAPTIST CONVENTION OF NEW MEXICO.Expenses $1,094,554
What it must file and when
IRS records say it files Not required (church). Churches are not required to file. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0158371
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Church
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Not required (church)
- Category (NTEE)
- Religion-related (X21)
- Group exemption
- 1947: BAPTIST CONVENTION OF NEW MEXICO
- Assets (IRS master file)
- $71,062,438
- Income (IRS master file)
- $11,383,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,739,380 | $1,864,160 | $71,062,438 | XML |
| 990 | December 2024 | $1,674,849 | $1,675,464 | $61,900,462 | XML |
| 990 | December 2023 | $2,466,429 | $2,620,542 | $55,458,452 | XML |
| 990 | December 2022 | $2,609,401 | $1,750,613 | $49,118,538 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | 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 85-0158371).
Questions about THE NEW MEXICO BAPTIST FOUNDATION
- What is the EIN of THE NEW MEXICO BAPTIST FOUNDATION?
- The employer identification number (EIN) of THE NEW MEXICO BAPTIST FOUNDATION is 85-0158371.
- Is THE NEW MEXICO BAPTIST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1968.
- Which annual return does THE NEW MEXICO BAPTIST FOUNDATION file?
- Form Not required (church). Churches are not required to file.
- When is the next return of THE NEW MEXICO BAPTIST FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE NEW MEXICO BAPTIST FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE NEW MEXICO BAPTIST FOUNDATION?
- The 990 for the year ended December 31, 2025 names RICK BREEDEN.
- Who are the officers and directors of THE NEW MEXICO BAPTIST FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 2 received compensation from the organization, the highest $332,156 (RICK BREEDEN, PRESIDENT).
- How much revenue does THE NEW MEXICO BAPTIST FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,739,380, expenses of $1,864,160 and total assets of $71,062,438 at year end.
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