Nonprofit · EIN 85-0379663
ARROWHEAD CENTER INC
Tax-exempt · LAS CRUCES, NM 88003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,398,576 | $1,512,273 | -$113,697 | $31,507,655 | $29,617,623 | $1,890,032 |
| June 30, 2024 | 990 | $1,086,039 | $975,796 | $110,243 | $15,873,337 | $13,730,984 | $2,142,353 |
| June 30, 2023 | 990 | $1,086,781 | $797,883 | $288,898 | $16,116,118 | $14,084,008 | $2,032,110 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $52,556
- of which government grants
- $48,556
- Program service revenue
- $733,561
- Investment income
- $612,459
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $328,599
- Salaries, compensation and benefits (total)
- $368,360
- Professional fundraising fees
- $0
- Legal fees
- $65,607
- Accounting fees
- $20,991
- Occupancy
- $415,958
- Travel
- $14,987
- Depreciation
- $7,274
- Program services (functional)
- $928,521
- Management and general (functional)
- $583,752
Balance sheet and other
- Total assets, start of year
- $15,873,337
- Total assets, end of year
- $31,507,655
- Total liabilities, end of year
- $29,617,623
- Net assets, end of year
- $1,890,032
- Gross receipts
- $1,398,576
- Employees
- 5
- Volunteers
- 6
- Year formed
- 1989
- 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 |
|---|---|---|---|---|
| VALERIO C FERME | Director Trustee or director | 0.06 | $0 | $600,000 |
| LAKSHMI REDDI | Director Trustee or director | 0.09 | $0 | $374,920 |
| BRYAN ASHENBAUM | Director Trustee or director | 0.03 | $0 | $317,932 |
| ENRICO PONTELLI | Director Trustee or director | 0.09 | $0 | $300,625 |
| ROLANDO FLORES | Director Trustee or director | 0.09 | $0 | $297,853 |
| LUIS CIFUENTES | VICE PRES/SECY Trustee or director, Officer | 0.09 | $0 | $279,820 |
| MARLAT RICK | Director Trustee or director | 0.03 | $0 | $270,400 |
| LISA hENDERSON | Director Trustee or director | 0.11 | $0 | $260,000 |
| ERIC SANCHEZ | Director Trustee or director | 0.06 | $0 | $244,084 |
| DAVID V JAUREGUI | Director Trustee or director | 0.09 | $0 | $238,449 |
| SCOTT ESCHENBRENNER | Director Trustee or director | 0 | $0 | $215,851 |
| ROSS JUSTUS | Treasurer Trustee or director, Officer | 0.14 | $0 | $169,260 |
| WAYNE SAVAGE | EXECUTIVE DIRECTOR | 40 | $163,010 | $0 |
| KATHRYN HANSEN RET 9-24 | President & CEO Officer | 0 | $0 | $139,472 |
| DANA CATRON 01-26 | PRES, INT. CEO Trustee or director, Officer | 0.1 | $0 | $123,301 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICARDO GONZALES | Director Trustee or director | 0.03 | $0 |
| MARISOL OLIVAS | Director Trustee or director | 0.06 | $0 |
| DAVIN LOPEZ | Director Trustee or director | 0.06 | $0 |
| JAMES C MANATT JR | Director Trustee or director | 0.14 | $0 |
| JACKIE KERBY MOORE | Director Trustee or director | 0.13 | $0 |
| DAVID PEREZ | Director Trustee or director | 0.03 | $0 |
| MICHAEL ROGERS | Director Trustee or director | 0 | $0 |
| ROB BLACK | Director Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ALAN R SHOHO | Director Trustee or director | 0.03 | $0 | $355,000 |
| GEORGE JAY GOGUE | Director Trustee or director | 0.03 | $0 | $300,000 |
| BRYAN ASHENBAUM | Director Trustee or director | 0.06 | $0 | $296,800 |
| LAKSHMI REDDI | Director Trustee or director | 0.09 | $0 | $281,362 |
| ENRICO PONTELLI | Director Trustee or director | 0.03 | $0 | $280,643 |
| ROLANDO FLORES | Director Trustee or director | 0.03 | $0 | $278,055 |
| YOSHITAKA IWASAKI | Director Trustee or director | 0.09 | $0 | $265,000 |
| LUIS CIFUENTES | VICE PRES/SECY Trustee or director, Officer | 0.06 | $0 | $261,221 |
| ERIC SANCHEZ | Director Trustee or director | 0.03 | $0 | $222,435 |
| WAYNE SAVAGE | EXECUTIVE DIRECTOR | 40 | $163,010 | $0 |
| SCOTT FIELD | Director Trustee or director | 0.03 | $0 | $151,580 |
| KATHRYN R HANSEN | President & CEO Trustee or director, Officer | 0.14 | $0 | $139,472 |
| ROSS JUSTUS | Treasurer Trustee or director, Officer | 0.12 | $0 | $129,167 |
| AMMU DEVASTHALI | Director Trustee or director | 0.03 | $0 | $0 |
| GARRETT MOSELEY | Director Trustee or director | 0.09 | $0 | $0 |
| JON CLARK | Director Trustee or director | 0.03 | $0 | $0 |
| MICHAEL ROGERS | Director Trustee or director | 0.09 | $0 | $0 |
| DAVIN LOPEZ | Director Trustee or director | 0.12 | $0 | $0 |
| JAMES C MANATT JR | Director Trustee or director | 0.14 | $0 | $0 |
| JACKIE KERBY MOORE | Director Trustee or director | 0.14 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| ALAN R SHOHO | Director Trustee or director | 0.03 | $0 | $355,000 |
| GEORGE JAY GOGUE | Director Trustee or director | 0.03 | $0 | $300,000 |
| BRYAN ASHENBAUM | Director Trustee or director | 0.02 | $0 | $280,000 |
| LAKSHMI REDDI | Director Trustee or director | 0.06 | $0 | $265,436 |
| ENRICO PONTELLI | Director Trustee or director | 0.06 | $0 | $264,758 |
| ROLANDO FLORES | Director Trustee or director | 0.08 | $0 | $262,316 |
| YOSHITAKA IWASAKI | Director Trustee or director | 0.05 | $0 | $250,000 |
| LUIS CIFUENTES | VICE PRES/SECY Trustee or director, Officer | 0.05 | $0 | $246,435 |
| KENNETH VAN WINKLE | Director Trustee or director | 0.09 | $0 | $211,800 |
| ERIC SANCHEZ | Director Trustee or director | 0.08 | $0 | $209,845 |
| WAYNE SAVAGE | EXECUTIVE DIRECTOR | 40 | $153,000 | $0 |
| KATHRYN R HANSEN | President & CEO Trustee or director, Officer | 0.13 | $0 | $131,578 |
| ROSS JUSTUS | Treasurer Trustee or director, Officer | 0.12 | $0 | $110,778 |
| AMMU DEVASTHALI | Director Trustee or director | 0.03 | $0 | $0 |
| GARRETT MOSELEY | Director Trustee or director | 0.03 | $0 | $0 |
| JON CLARK | Director Trustee or director | 0 | $0 | $0 |
| MICHAEL ROGERS | Director Trustee or director | 0.08 | $0 | $0 |
| DAVIN LOPEZ | Director Trustee or director | 0.08 | $0 | $0 |
| JAMES C MANATT JR | Director Trustee or director | 0.13 | $0 | $0 |
| JACKIE KERBY MOORE | Director Trustee or director | 0.12 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 30001 MSC 700, LAS CRUCES, NM 88003-8001
- Principal officer (990 for 2024)
- DR YU-FENG LEE
- Signed the 990
- DR YU-FENG LEE, INTERIM DIR & CEO
- Phone
- (575) 646-6120
- Website
- ARROWHEADCENTER.NMSU.EDU
- Return prepared by
- GIBSON RUDDOCK PATTERSON LLC
Mission
TO PROMOTE PROSPERITY AND PUBLIC WELFARE IN NEW MEXICO THROUGH ECONOMIC DEVELOPMENT.
Program accomplishments
- ENHANCE STUDENT EXPERIENTIAL LEARNING THROUGH ENTREPRENEURSHIP EDUCATION AND PRACTICE BY PROVIDING EDUCATION AND TRAINING, ESTABLISHING STRATEGIC ENGAGEMENT BETWEEN ARROWHEAD PROGRAMS AND INDUSTRY PARTNERS, SUPPORTING STUDENT INTERN PLACEMENTS WITH INDUSTRY PARTNERS, AND PROVIDING SPECIALIZED INNOVATION- AND ENTREPRENEURSHIP-FOCUSED PROGRAMS AND SERVICES FOR STUDENTS. 5477 STUDENTS PARTICIPATING IN ENTREPRENEURSHIP PROGRAMS 500 STUDENT VENTURES HAVE TAKEN PLACE 313 STUDENTS PARTICIPATING IN COMPETITIONS AND PITCH SESSIONS 106 ENTREPRENEURIAL EDUCATION/TRAINING EVENTS HELD FOR STUDENTS 42 STUDENT STARTUPS 28 STUDENT EMPLOYEES FUNDED BY EXTERNALLY-SPONSORED GRANTS AND CONTRACTSExpenses $433,430 · revenue $307,306
- ENHANCE NMSUS RESEARCH, INNOVATION, AND CREATIVITY PROFILE THROUGH ENGAGEMENT WITH THE PUBLIC AND PRIVATE SECTOR BY ENHANCING CULTURE OF INDUSTRY ENGAGEMENT AT ARROWHEAD CENTER, MARKETING AND DISSEMINATING NMSU-DEVELOPED TECHNOLOGIES TO PARTNERS IN ALL RELEVANT SECTORS, PROMOTING ARROWHEAD PARK AS A HUB FOR BUSINESSES. 38 TENANTS RECRUITED/RETAINED TO/BY ARROWHEAD PARK AND GENESIS CENTERExpenses $414,842 · revenue $388,300
- TRANSITION THE DISCOVERIES, INNOVATIONS AND KNOW-HOW OF NMSU FACULTY, STAFF AND STUDENTS INTO THE MARKETPLACE11 INCREASE IN NUMBER OF LICENSES AND MATERIAL TRANSFER AGREEMENTSExpenses $80,249 · revenue $37,955
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
- 85-0379663
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1992
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $31,507,655
- Income (IRS master file)
- $1,398,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,398,576 | $1,512,273 | $31,507,655 | IRS |
| 990 | June 2024 | $1,086,039 | $975,796 | $15,873,337 | IRS |
| 990 | June 2023 | $1,086,781 | $797,883 | $16,116,118 | IRS |
| 990 | June 2022 | $795,213 | $777,603 | $16,152,327 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 85-0379663).
Questions about ARROWHEAD CENTER INC
- What is the EIN of ARROWHEAD CENTER INC?
- The employer identification number (EIN) of ARROWHEAD CENTER INC is 85-0379663.
- Is ARROWHEAD CENTER INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to ARROWHEAD CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does ARROWHEAD CENTER 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 ARROWHEAD CENTER 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 ARROWHEAD CENTER INC 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 ARROWHEAD CENTER INC?
- The 990 for the year ended June 30, 2025 names DR YU-FENG LEE.
- Who are the officers and directors of ARROWHEAD CENTER INC?
- The 990 for the year ended June 30, 2025 lists 23 people; 1 received compensation from the organization.
- How much revenue does ARROWHEAD CENTER INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,398,576, expenses of $1,512,273 and total assets of $31,507,655 at year end.
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