Nonprofit · EIN 85-0309087
MILAGRO PROPERTIES OF LEA COUNTY INC
Tax-exempt · HOBBS, NM 88241
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2023 | 990 | $47,007 | $116,861 | -$69,854 | $3,864,503 | $0 | $3,864,503 |
Financial details: 990 for the year ended June 30, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $46,935
- Investment income
- $72
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $116,861
Balance sheet and other
- Total assets, start of year
- $3,853,062
- Total assets, end of year
- $3,864,503
- Total liabilities, end of year
- $0
- Net assets, end of year
- $3,864,503
- Land, buildings and equipment
- $3,548,591
- Net assets without donor restrictions
- $3,864,503
- Gross receipts
- $47,007
- Employees
- 0
- Year formed
- 1982
- 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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS HOLMBERG | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DIXIE VEJIL | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| JOE COTTON | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN ARNOLD | DIRECTOR Trustee or director | 1 | $0 |
| AUGUST FONS | DIRECTOR Trustee or director | 1 | $0 |
| SERGIO POLANCO | DIRECTOR Trustee or director | 1 | $0 |
| PAT TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| GLORIA MUNOZ | CFO Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 907, HOBBS, NM 88241-0907
- Principal officer (990 for 2022)
- DENNIS HOLMBERG, PO BOX 907, ALBUQUERQUE, NM 88241
- Signed the 990
- GLORIA MUNOZ, CFO
- Phone
- (575) 393-6168
- Return prepared by
- SJT GROUP LLC
Mission
TO HOLD TITLE TO REAL AND PERSONAL PROPERTY, COLLECT INCOME FROM PROPERTY, AND DISTRIBUTE ALL EXCESS CASH TO 501(C)(3) ORGANIZATION.
Program accomplishments
- HOLD TITLE TO REAL AND PERSONAL PROPERTY, COLLECT INCOME FROM PROPERTY, AND MAKE PERIODIC DISTRIBUTIONS OF EXCESS CASH TO THE GUIDANCE CENTER OF LEA COUNTY.
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | Not on file |
IRS record
- EIN
- 85-0309087
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,864,503
- Income (IRS master file)
- $47,007
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2023 | $47,007 | $116,861 | $3,864,503 | XML |
| 990 | June 2022 | $179,346 | $126,702 | $3,853,062 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 85-0309087).
Questions about MILAGRO PROPERTIES OF LEA COUNTY INC
- What is the EIN of MILAGRO PROPERTIES OF LEA COUNTY INC?
- The employer identification number (EIN) of MILAGRO PROPERTIES OF LEA COUNTY INC is 85-0309087.
- Is MILAGRO PROPERTIES OF LEA COUNTY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 1983.
- Are donations to MILAGRO PROPERTIES OF LEA COUNTY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MILAGRO PROPERTIES OF LEA COUNTY INC 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 MILAGRO PROPERTIES OF LEA COUNTY INC 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 MILAGRO PROPERTIES OF LEA COUNTY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2023.
- Who is the principal officer of MILAGRO PROPERTIES OF LEA COUNTY INC?
- The 990 for the year ended June 30, 2023 names DENNIS HOLMBERG.
- Who are the officers and directors of MILAGRO PROPERTIES OF LEA COUNTY INC?
- The 990 for the year ended June 30, 2023 lists 8 people; 0 received compensation from the organization.
- How much revenue does MILAGRO PROPERTIES OF LEA COUNTY INC have?
- On its 990 for the year ended June 30, 2023 it reported revenue of $47,007, expenses of $116,861 and total assets of $3,864,503 at year end.
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- CHILD & FAMILY SERVICES INC OF LEA COUNTY EIN 85-0386818 · last filed 990 for 2025
- WEE KIDS KOUNTRY KLUB INC OF HOBBS EIN 85-0431300 · last filed 990 for 2025
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