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Nonprofit · EIN 85-0309005

PNM FOUNDATION INC

Tax-exempt · ALBUQUERQUE, NM 87102

Financials

$603K$1.4M2023$589K$1.4M2024
Revenue Expenses · by fiscal year end
Financials of PNM FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$589,371$1,383,588-$794,217$14,209,517$29,303$14,180,214
December 31, 2023990-PF$602,607$1,401,200-$798,593$14,983,568$91,052$14,892,516
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$356,158
Interest
$2,810
Net gain from sales of assets
$230,403

Expenses

Grants and similar amounts paid
$1,318,131
Compensation of officers, directors and key employees
$0
Disbursements for charitable purposes
$1,332,210
Excise tax on investment income
$7,602

Balance sheet and other

Total assets, start of year
$14,983,568
Total assets, end of year
$14,209,517
Total liabilities, end of year
$29,303
Net assets, end of year
$14,180,214
Fair market value of assets
$16,862,508
Qualifying distributions
$1,332,210
Net investment income
$589,371

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.

NameTitleHours / weekCompensation
LISA GOODMAN
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
PAST PRESIDENT1$0
CATHY NEWBY
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
VICE PRESIDENT1$0
ERNIE RODARTE
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
SECRETARY/TREASURER1$0
AIDAN GALLEGOS
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
ANGEL VELASQUEZ
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
KEITH NIX
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
STACEY GOODWIN
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
PRESIDENT1$0
KRISTIN MCLOUGHLIN
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
990-PF for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
RAY SANDOVAL
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
LISA GOODMAN
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
PAST PRESIDENT1$0
JESSICA AGEE
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
CATHY NEWBY
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
VICE PRESIDENT1$0
ERNIE RODARTE
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
MIKE MERTZ
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
SECRETARY/TREASURER1$0
AIDAN GALLEGOS
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
ANGEL VELASQUEZ
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
LAURIE ROACH
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
EXECUTIVE DIRECTOR15$0
KEITH NIX
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0
STACEY GOODWIN
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
PRESIDENT1$0
KRISTIN MCLOUGHLIN
PNM CORPORATE HEADQUARTERS, ALBUQUERQUE, NM 87158
TRUSTEE1$0

Address and contacts

Address (IRS master file)
414 SILVER AVE SW, ALBUQUERQUE, NM 87102-3226
Signed the 990-PF
EBONY VIZCAINO, EXECUTIVE DIRECTOR
Phone
(505) 241-2209
Return prepared by
CRI ADVISORS 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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
85-0309005
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1983
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$14,209,517
Income (IRS master file)
$2,244,564

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$589,371$1,383,588$14,209,517XML
990-PFDecember 2023$602,607$1,401,200$14,983,568XML
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-PFDecember 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 85-0309005).

Questions about PNM FOUNDATION INC

What is the EIN of PNM FOUNDATION INC?
The employer identification number (EIN) of PNM FOUNDATION INC is 85-0309005.
Is PNM FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
Are donations to PNM FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does PNM FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of PNM FOUNDATION INC 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 PNM FOUNDATION INC 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 PNM FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does PNM FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $589,371, expenses of $1,383,588 and total assets of $14,209,517 at year end.

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