Nonprofit · EIN 85-0210244
NEW MEXICO RURAL REHABILITATION CORPORATION
Tax-exempt · ALBUQUERQUE, NM 87198
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $84,155 | $119,829 | -$35,674 | $1,807,072 | $2,076 | $1,804,996 |
| June 30, 2024 | 990 | $63,256 | $123,165 | -$59,909 | $1,772,454 | $711 | $1,771,743 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $77,486
- Investment income
- $6,669
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $60,000
- Salaries, compensation and benefits (total)
- $70,123
- Professional fundraising fees
- $0
- Legal fees
- $819
- Accounting fees
- $9,900
- Occupancy
- $8,553
- Depreciation
- $9,534
- Program services (functional)
- $116,546
- Management and general (functional)
- $3,283
Balance sheet and other
- Total assets, start of year
- $1,772,454
- Total assets, end of year
- $1,807,072
- Total liabilities, end of year
- $2,076
- Net assets, end of year
- $1,804,996
- Land, buildings and equipment
- $236,695
- Gross receipts
- $84,155
- Employees
- 1
- Volunteers
- 4
- Year formed
- 1933
- 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 |
|---|---|---|---|
| DREW OLMSTEAD | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $60,000 |
| GERALD MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| LINDA STOVER | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICK VOEKS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LOUIS DE SANTOS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DREW OLMSTEAD | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $60,000 |
| GERALD MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| LINDA STOVER | SECRETARY Trustee or director, Officer | 1 | $0 |
| RICK VOEKS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LOUIS DE SANTOS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 81554, ALBUQUERQUE, NM 87198-1554
- Principal officer (990 for 2024)
- DREW OLMSTEAD, 917 ALVARADO NE, ALBUQUERQUE, NM 87108
- Signed the 990
- DREW OLMSTEAD, EXECUTIVE DIRECTOR
- Phone
- (505) 256-7649
- Website
- nmruralrehab.com
- Return prepared by
- NUMBER CRUNCHERS K M GARRETT EA
Mission
PROVIDE FUNDING FOR DEVELOPMENT OF RURAL AREAS
Program accomplishments
- HOUSING LOANS: SERVICED 5 LOANS TOTALING APPROXIMATELY $262,700Expenses $32,732 · revenue $15,589
- AGRICULTURAL LOANS SERVICED 5 LOANS TOTALLING APPROXIMATELY $776,000Expenses $77,987 · revenue $61,132
- NEW MEXICO RURAL REHABILITATION CORPORATION ADMINISTERS A PROGRAM OF STUDENT LOANS. THIS PROGRAM, TUITION ASSISTANCE PROGRAM, MAKES LOANS TO LOW INCOME STUDENTS SEEKING NON-DEGREE POST SECONDARY CERTIFICATION IN VARIOUS TRADES AND OCCUPATIONS. STUDENT LOANS AS OF JUNE 2025 TOTALED $34,906Expenses $5,827 · revenue $764
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
- 85-0210244
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,807,072
- Income (IRS master file)
- $84,155
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $84,155 | $119,829 | $1,807,072 | XML |
| 990 | June 2024 | $63,256 | $123,165 | $1,772,454 | XML |
| 990 | June 2023 | $36,863 | $156,788 | $1,879,852 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 85-0210244).
Questions about NEW MEXICO RURAL REHABILITATION CORPORATION
- What is the EIN of NEW MEXICO RURAL REHABILITATION CORPORATION?
- The employer identification number (EIN) of NEW MEXICO RURAL REHABILITATION CORPORATION is 85-0210244.
- Is NEW MEXICO RURAL REHABILITATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1971.
- Are donations to NEW MEXICO RURAL REHABILITATION CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does NEW MEXICO RURAL REHABILITATION CORPORATION 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 RURAL REHABILITATION CORPORATION 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 RURAL REHABILITATION CORPORATION 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 RURAL REHABILITATION CORPORATION?
- The 990 for the year ended June 30, 2025 names DREW OLMSTEAD.
- Who are the officers and directors of NEW MEXICO RURAL REHABILITATION CORPORATION?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $60,000 (DREW OLMSTEAD, EXECUTIVE DIRECTOR).
- How much revenue does NEW MEXICO RURAL REHABILITATION CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $84,155, expenses of $119,829 and total assets of $1,807,072 at year end.
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