Nonprofit · EIN 85-0413634
UNM RAINFOREST INNOVATIONS
Tax-exempt · ALBUQUERQUE, NM 87102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,148,542 | $9,867,677 | -$719,135 | $17,853,939 | $5,468,403 | $12,385,536 |
| June 30, 2024 | 990 | $8,210,385 | $9,302,866 | -$1,092,481 | $21,940,290 | $9,860,635 | $12,079,655 |
| June 30, 2023 | 990 | $4,383,092 | $5,391,957 | -$1,008,865 | $14,736,638 | $2,808,017 | $11,928,621 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,418,081
- of which government grants
- $4,258,240
- Program service revenue
- $3,950,266
- Investment income
- $780,195
- Net gain from sales of assets
- $301,371
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $433,500
- Compensation of officers, directors and key employees
- $850,594
- Other salaries and wages
- $1,019,309
- Salaries, compensation and benefits (total)
- $2,232,389
- Professional fundraising fees
- $0
- Legal fees
- $1,676,392
- Accounting fees
- $40,284
- Travel
- $8,020
- Depreciation
- $166,993
- Program services (functional)
- $9,072,976
- Management and general (functional)
- $794,701
Balance sheet and other
- Total assets, start of year
- $21,940,290
- Total assets, end of year
- $17,853,939
- Total liabilities, end of year
- $5,468,403
- Net assets, end of year
- $12,385,536
- Land, buildings and equipment
- $15,397
- Publicly traded securities
- $12,561,341
- Net assets without donor restrictions
- $12,385,536
- Gross unrelated business income
- $153
- Gross receipts
- $11,566,503
- Employees
- 26
- Volunteers
- 16
- Year formed
- 1993
- 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 |
|---|---|---|---|---|---|
| DOUGLAS ZIEDONIS | DIRECTOR (THRU 9/6/2024) Trustee or director | 1 | $0 | $876,183 | $73,778 |
| DR MICHAEL RICHARDS | DIRECTOR (START 10/11/24) Trustee or director | 1 | $0 | $743,451 | $128,353 |
| GARNETT STOKES | DIRECTOR Trustee or director | 1 | $0 | $625,081 | $158,267 |
| JAMES HOLLOWAY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $392,000 | $148,599 |
| TERESA COSTANTINIDIS | DIRECTOR Trustee or director | 1 | $0 | $346,805 | $134,689 |
| DR HENGAMEH RAISSY | DIRECTOR Trustee or director | 1 | $0 | $358,560 | $107,627 |
| ELIZABETH KUUTTILA | CEO & CHIEF ECONOMIC DEV. OFFICER Trustee or director, Officer | 40 | $390,104 | $0 | $51,137 |
| DAVID L PERKINS | DIRECTOR Trustee or director | 1 | $0 | $355,291 | $63,171 |
| DR DONALD GODWIN | DIRECTOR (START 7/3/2024) Trustee or director | 1 | $0 | $316,627 | $98,712 |
| DR DONNA RILEY | DIRECTOR Trustee or director | 1 | $0 | $341,979 | $68,873 |
| ELLEN FISHER | DIRECTOR Trustee or director | 1 | $0 | $312,329 | $68,599 |
| DR BRYCE CHACKERIAN | DIRECTOR (START 7/3/2024) Trustee or director | 1 | $0 | $246,628 | $62,060 |
| JOHN STORMONT | DIRECTOR Trustee or director | 1 | $0 | $213,592 | $46,811 |
| H BRIAN MIRABAL | CFO Officer | 40 | $207,870 | $0 | $29,516 |
| ARLENE YOUNG | DIRECTOR OF COMMERCIALIZATION Highest-paid employee | 40 | $175,810 | $0 | $31,269 |
22 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CARA MICHALISZYN | DIRECTOR OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $182,121 | $0 | $18,115 |
| GREGG BANNINGER | SR. INNOV MANAGER - LIFE SCIENCES Highest-paid employee | 40 | $132,226 | $0 | $20,462 |
| DR ANGELA WANDINGER-NESS | DIRECTOR (THRU 7/3/2024) Trustee or director | 1 | $0 | $112,981 | $24,025 |
| LARISSA CARDENAS | ASSISTANT SECRETARY Officer | 40 | $79,636 | $0 | $14,857 |
| JOHN STICHMAN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $2,000 | $0 | $0 |
| ROBERT FISHER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| DAVID FOSTER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| RIIS GONZALES | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| GREGG MAYER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ROBERT NATH | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ALEX ROMERO | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ALTON ROMIG JR | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| CHARLES WELLBORN | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| DAVID GIBSON | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| MARIA GRIEGO-RABY | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| RICHARD LUARKIE | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| LINDA GRIEGO | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| SANDRA BEGAY | CHAIR Trustee or director, Officer | 2 | $1,500 | $0 | $0 |
| MICHAEL BUEHLER | DIRECTOR (START 8/2/24) Trustee or director | 1 | $1,000 | $0 | $0 |
| JOE CHRISTIAN | DIRECTOR (THRU 7/3/24) Trustee or director | 1 | $0 | $0 | $0 |
| KIM SANCHEZ RAEL | DIRECTOR (THRU 2/24/25) Trustee or director | 1 | $0 | $0 | $0 |
| PATRICIA WILLIAMS | DIRECTOR (START 6/10/25) Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 33 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS ZIEDONIS | DIRECTOR Trustee or director | 1 | $0 | $810,297 | $143,228 |
| GARNETT STOKES | DIRECTOR Trustee or director | 1 | $0 | $614,702 | $152,829 |
| JAMES HOLLOWAY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $381,834 | $94,536 |
| TERESA COSTANTINIDIS | DIRECTOR Trustee or director | 1 | $0 | $331,504 | $129,336 |
| DAVID L PERKINS | DIRECTOR Trustee or director | 1 | $0 | $372,665 | $58,301 |
| DR HENGAMEH RAISSY | DIRECTOR (START 12/1/2023) Trustee or director | 1 | $0 | $303,056 | $68,922 |
| ELLEN FISHER | DIRECTOR Trustee or director | 1 | $0 | $295,385 | $62,853 |
| DR DONNA RILEY | DIRECTOR (START 08/1/2023) Trustee or director | 1 | $0 | $298,186 | $54,304 |
| ELIZABETH KUUTTILA | CEO & CHIEF ECONOMIC DEV. OFFICER Trustee or director, Officer | 40 | $297,854 | $0 | $46,983 |
| JULIE COONROD | DIRECTOR (THROUGH 4/1/2024) Trustee or director | 1 | $0 | $282,205 | $58,405 |
| DR ANGELA WANDINGER-NESS | DIRECTOR (START 1/1/2024) Trustee or director | 1 | $0 | $214,180 | $44,123 |
| JOHN STORMONT | DIRECTOR Trustee or director | 1 | $0 | $207,578 | $42,720 |
| H BRIAN MIRABAL | CFO Officer | 40 | $146,245 | $0 | $24,880 |
| ARLENE YOUNG | DIRECTOR OF COMMERCIALIZATION Highest-paid employee | 40 | $117,613 | $0 | $26,508 |
| CARA MICHALISZYN | DIRECTOR OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $126,450 | $0 | $15,099 |
| LARISSA CARDENAS | ASSISTANT SECRETARY Officer | 40 | $56,426 | $0 | $12,612 |
| JOHN STICHMAN | SECRETARY/TREASURER Trustee or director, Officer | 1 | $2,000 | $0 | $0 |
| ROBERT FISHER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| DAVID FOSTER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| RIIS GONZALES | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| GREGG MAYER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ROBERT NATH | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| CHARLES WELLBORN | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| DAVID GIBSON | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| RICHARD LUARKIE | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| SANDRA BEGAY | CHAIR Trustee or director, Officer | 2 | $1,500 | $0 | $0 |
| ALEX ROMERO | DIRECTOR Trustee or director | 1 | $1,500 | $0 | $0 |
| ALTON ROMIG JR | DIRECTOR Trustee or director | 1 | $1,500 | $0 | $0 |
| MARIA GRIEGO-RABY | DIRECTOR Trustee or director | 1 | $1,500 | $0 | $0 |
| LINDA GRIEGO | DIRECTOR (START 08/1/2023) Trustee or director | 1 | $1,500 | $0 | $0 |
| TERRI COLE | VICE CHAIRMAN (THROUGH 5/1/2024) Trustee or director, Officer | 1 | $500 | $0 | $0 |
| JOE CHRISTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KIM SANCHEZ RAEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 35 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUGLAS ZIEDONIS | DIRECTOR Trustee or director | 1 | $0 | $784,859 | $133,675 |
| GARNETT STOKES | DIRECTOR Trustee or director | 1 | $0 | $502,498 | $159,354 |
| JAMES HOLLOWAY | VICE CHAIR Trustee or director, Officer | 2 | $0 | $362,392 | $85,364 |
| TERESA COSTANTINIDIS | DIRECTOR Trustee or director | 1 | $0 | $314,348 | $120,264 |
| MITZI MONTOYA | DIRECTOR (THROUGH 1/11/23) Trustee or director | 1 | $0 | $322,844 | $57,088 |
| ELIZABETH KUUTTILA | CEO & CHIEF ECONOMIC DEV. OFFICER Trustee or director, Officer | 40 | $319,750 | $0 | $35,659 |
| CHRISTOS CHRISTODOULOU | DIRECTOR (THROUGH 3/31/23) Trustee or director | 1 | $0 | $289,968 | $62,977 |
| ERIC PROSSNITZ | DIRECTOR Trustee or director | 1 | $0 | $284,312 | $61,043 |
| ELLEN FISHER | DIRECTOR Trustee or director | 1 | $0 | $275,184 | $54,437 |
| JULIE COONROD | DIRECTOR Trustee or director | 1 | $0 | $206,838 | $43,583 |
| MATHIS SHINNICK | DIRECTOR OF CORPORATE ENGAGEMENT Highest-paid employee | 40 | $234,336 | $0 | $5,629 |
| JOHN STORMONT | DIRECTOR Trustee or director | 1 | $0 | $189,775 | $36,931 |
| H BRIAN MIRABAL | CFO Officer | 40 | $145,186 | $0 | $21,634 |
| ARLENE YOUNG | DIRECTOR OF COMMERCIALIZATION Highest-paid employee | 40 | $127,574 | $0 | $24,187 |
| CARA MICHALISZYN | DIRECTOR OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $131,833 | $0 | $13,583 |
| DAVID L PERKINS | DIRECTOR Trustee or director | 1 | $0 | $117,346 | $21,742 |
| GREGG BANNINGER | INTELLECTUAL PROP. MGR.-LIFE SCIENCE Highest-paid employee | 40 | $103,482 | $0 | $16,511 |
| LARISSA CARDENAS | ASSISTANT SECRETARY Officer | 40 | $58,512 | $0 | $12,710 |
| ROBERT FISHER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| DAVID FOSTER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| RIIS GONZALES | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| GREGG MAYER | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ROBERT NATH | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ALEX ROMERO | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| ALTON ROMIG JR | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| CHARLES WELLBORN | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| TERRI COLE | VICE CHAIRMAN Trustee or director, Officer | 1 | $1,500 | $0 | $0 |
| JOHN STICHMAN | SECRETARY & TREASURER Trustee or director, Officer | 1 | $1,500 | $0 | $0 |
| DAVID GIBSON | DIRECTOR Trustee or director | 1 | $1,500 | $0 | $0 |
| MARIA GRIEGO-RABY | DIRECTOR Trustee or director | 1 | $1,500 | $0 | $0 |
| RICHARD LUARKIE | DIRECTOR Trustee or director | 1 | $1,500 | $0 | $0 |
| SANDRA BEGAY | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JOE CHRISTIAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KELLY HAMMETT | DIRECTOR (THROUGH 8/30/22) Trustee or director | 1 | $0 | $0 | $0 |
| KIM SANCHEZ RAEL | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 BROADWAY BLVD NE STE 1100, ALBUQUERQUE, NM 87102-6401
- Principal officer (990 for 2024)
- ELIZABETH J KUUTTILA, 101 BROADWAY BLVD NE STE 1100, ALBUQUERQUE, NM 87102
- Signed the 990
- ELIZABETH J KUUTTILA, PRESIDENT AND CEO
- Phone
- (505) 272-7900
- Website
- INNOVATIONS.UNM.EDU
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO SUPPORT THE UNIVERSITY OF NEW MEXICO AS THE SOURCE OF INNOVATION MANAGEMENT, PATENT PROSECUTION, AND LICENSING OF TECHNOLOGIES DEVELOPED AT THE UNIVERSITY.
Program accomplishments
- UNM RAINFOREST INNOVATIONS IS THE TECHNOLOGY TRANSFER ORGANIZATION SUPPORTING THE UNIVERSITY OF NEW MEXICO ("UNM"), AND THE CORPORATION WAS FORMED UNDER THE STATE OF NEW MEXICO UNIVERSITY RESEARCH PARK AND ECONOMIC DEVELOPMENT ACT. UNM RAINFOREST INNOVATIONS ENDEAVORS TO MAKE IT AS EASY AS POSSIBLE FOR UNM RESEARCHERS AND FACULTY INVENTORS TO DISCLOSE INVENTIONS. UNM RAINFOREST INNOVATIONS PROTECTS TECHNOLOGIES (INTELLECTUAL PROPERTY) DEVELOPED AT UNM THROUGH PATENT AND COPYRIGHT CONSISTENT WITH THE PROVISIONS OF THE FEDERAL BAYH-DOLE ACT. DURING FISCAL YEAR 2025, UNM RAINFOREST INNOVATIONS RECEIVED 46 ISSUED PATENTS FROM THE U.S. PATENT AND TRADEMARK OFFICE AND FILED 63 NEW PATENT APPLICATIONS WITH THE U.S. PATENT AND TRADEMARK OFFICE. ADDITIONALLY, DURING FISCAL YEAR 2025, UNM RAINFOREST INNOVATIONS ENTERED INTO 44 LICENSE AND OPTION TO LICENSE AGREEMENTS. AS THE ECONOMIC DEVELOPMENT ORGANIZATION FOR THE UNIVERSITY OF NEW MEXICO, UNM RAINFOREST INNOVATIONS SEEKS TO FIND VARIOUS INITIATIVES TO CREATE ECONOMIC DEVELOPMENT THAT IS RELEVANT TO THE UNIVERSITY. UNM RAINFOREST INNOVATIONS HAS RECEIVED, IN FISCAL YEAR 2025, ONE GRANT FROM THE CITY OF SANTA FE ECONOMIC DEVELOPMENT TO CONTINUE THE EFFORTS OF THE UNMRI TRIBAL ENTREPRENEURIAL PROGAM.Expenses $9,072,976 · grants $433,500 · revenue $3,950,266
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
- 85-0413634
- 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
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $17,853,939
- Income (IRS master file)
- $11,566,503
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,148,542 | $9,867,677 | $17,853,939 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $8,210,385 | $9,302,866 | $21,940,290 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $4,383,092 | $5,391,957 | $14,736,638 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $8,571,940 | $8,936,305 | $18,724,624 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | $58,002,418 | $52,298,752 | $22,586,721 | 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 85-0413634).
Questions about UNM RAINFOREST INNOVATIONS
- What is the EIN of UNM RAINFOREST INNOVATIONS?
- The employer identification number (EIN) of UNM RAINFOREST INNOVATIONS is 85-0413634.
- Is UNM RAINFOREST INNOVATIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to UNM RAINFOREST INNOVATIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does UNM RAINFOREST INNOVATIONS 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 UNM RAINFOREST INNOVATIONS 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 UNM RAINFOREST INNOVATIONS 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 UNM RAINFOREST INNOVATIONS?
- The 990 for the year ended June 30, 2025 names ELIZABETH J KUUTTILA.
- Who are the officers and directors of UNM RAINFOREST INNOVATIONS?
- The 990 for the year ended June 30, 2025 lists 37 people; 21 received compensation from the organization.
- How much revenue does UNM RAINFOREST INNOVATIONS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,148,542, expenses of $9,867,677 and total assets of $17,853,939 at year end.
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- ALBUQUERQUE ACADEMY EIN 85-0129165 · last filed 990 for 2025
- SANDIA SCHOOL EIN 85-0196115 · last filed 990 for 2025
- HOPE CHRISTIAN SCHOOLS INC EIN 85-0244670 · last filed 990 for 2025
- BOSQUE SCHOOL EIN 85-0420092 · last filed 990 for 2025
- NATIVE FORWARD SCHOLARS FUND EIN 85-0222386 · last filed 990 for 2025
- NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION EIN 85-0291313 · last filed 990 for 2025
- INDIGENOUS EDUCATION INC EIN 81-1754189 · last filed 990 for 2025