Nonprofit · EIN 85-0194323
NEW MEXICO TECH FOUNDATION
Tax-exempt · SOCORRO, NM 87801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,694,868 | $3,574,264 | -$879,396 | $46,162,411 | $164,112 | $45,998,299 |
| June 30, 2024 | 990 | $3,416,400 | $3,160,865 | $255,535 | $43,864,530 | $214,882 | $43,649,648 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,350,661
- Program service revenue
- $24,840
- Investment income
- $1,319,367
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $3,194,993
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $13,500
- Accounting fees
- $24,159
- Occupancy
- $3,658
- Depreciation
- $84,213
- Program services (functional)
- $3,402,155
- Management and general (functional)
- $158,609
- Fundraising (functional)
- $13,500
Balance sheet and other
- Total assets, start of year
- $43,864,530
- Total assets, end of year
- $46,162,411
- Total liabilities, end of year
- $164,112
- Net assets, end of year
- $45,998,299
- Land, buildings and equipment
- $1,167,003
- Publicly traded securities
- $20,196,851
- Net assets without donor restrictions
- $22,431,068
- Net assets with donor restrictions
- $23,567,231
- Gross receipts
- $2,694,868
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1965
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR MAHYAR AMOUZEGAR | TRUSTEE Trustee or director | 1.5 | $0 | $306,950 | $89,134 |
| RICHARD CERVANTES | TRUSTEE (THROUGH APRIL 2025) Trustee or director | 1 | $0 | $289,308 | $29,832 |
| COLLEEN FOSTER | EXECUTIVE DIRECTOR Officer | 20 | $0 | $158,284 | $29,883 |
| DR NELIA DUNBAR | TRUSTEE Trustee or director | 1 | $0 | $92,876 | $3,679 |
| CLINTON MARRS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFFREY COREY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BORDEN PUTNAM III | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CINDY ARDITO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JERRY A ARMIJO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DEBORAH COREY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM DAILY | TRUSTEE (THROUGH DECEMBER 2024) Trustee or director | 1 | $0 | $0 | $0 |
| EARL DEBRINE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOANNA DEBRINE | TRUSTEE (THROUGH DECEMBER 2024) Trustee or director | 1 | $0 | $0 | $0 |
| DR RAUL DEJU | TRUSTEE (THROUGH JULY 2024) Trustee or director | 1 | $0 | $0 | $0 |
| RAVEN GOSWICK | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA NOELL | TRUSTEE Trustee or director | 1 | $0 |
| KIP PURCELL | TRUSTEE Trustee or director | 1 | $0 |
| GERALDINE RIVERA | TRUSTEE Trustee or director | 1 | $0 |
| DELILAH WALSH | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR DANIEL LOPEZ | TRUSTEE (THROUGH APRIL 2024) Trustee or director | 1 | $0 | $235,892 | $24,171 |
| DR NELIA DUNBAR | TRUSTEE Trustee or director | 1 | $0 | $172,471 | $38,087 |
| COLLEEN FOSTER | EXECUTIVE DIRECTOR Officer | 20 | $0 | $151,976 | $29,132 |
| RICHARD CERVANTES | TRUSTEE Trustee or director | 1.5 | $0 | $147,211 | $14,147 |
| CLINTON MARRS | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFFREY COREY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BORDEN PUTNAM III | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DR MAHYAR AMOUZEGAR | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| CINDY ARDITO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JERRY A ARMIJO | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| WILLIAM DAILY | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| JOANNA DEBRINE | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| DR RAUL DEJU | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| RAVEN GOSWICK | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| LISA NOELL | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
| GERALDINE RIVERA | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 801 LEROY PLACE, SOCORRO, NM 87801-4680
- Principal officer (990 for 2024)
- COLLEEN FOSTER, 801 LEROY PLACE, SOCORRO, NM 87801
- Signed the 990
- COLLEEN FOSTER, EXECUTIVE DIRECTOR
- Phone
- (575) 835-5658
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
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.
Program accomplishments
- THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. THIS INCLUDES SUPPORT OF MEETINGS AND EVENTS THAT RAISE THE PROFILE OF NEW MEXICO TECH WITH FRIENDS, ALUMNI AND DONORS, WITH THE GOAL OF GAINING FINANCIAL SUPPORT THROUGH DONATIONS.Expenses $3,309,284 · grants $3,189,993
- PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS ATTENDING THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY, AS WELL AS RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES.Expenses $5,000 · grants $5,000
- LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR ITS STUDENTS.Expenses $87,871 · revenue $24,840
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0194323
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1965
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $46,162,411
- Income (IRS master file)
- $2,694,868
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,694,868 | $3,574,264 | $46,162,411 | XML |
| 990 | June 2024 | $3,416,400 | $3,160,865 | $43,864,530 | IRS |
| 990 | June 2023 | $5,945,035 | $3,708,912 | $41,037,147 | IRS |
| 990 | June 2022 | $2,517,298 | $3,211,554 | $38,498,574 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about NEW MEXICO TECH FOUNDATION
- What is the EIN of NEW MEXICO TECH FOUNDATION?
- The employer identification number (EIN) of NEW MEXICO TECH FOUNDATION is 85-0194323.
- Is NEW MEXICO TECH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1965.
- Are donations to NEW MEXICO TECH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW MEXICO TECH FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW MEXICO TECH FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MEXICO TECH FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW MEXICO TECH FOUNDATION?
- The 990 for the year ended June 30, 2025 names COLLEEN FOSTER.
- Who are the officers and directors of NEW MEXICO TECH FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does NEW MEXICO TECH FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,694,868, expenses of $3,574,264 and total assets of $46,162,411 at year end.
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