Form 990 for tax year 2024
Filed by NEW MEXICO TECH UNIVERSITY RESEARCH PARK CORPORATION.
Totals
- Total revenue
- $99,979
- Total expenses
- $246,345
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $41,726
- Investment income
- $58,253
- Other revenue
- $0
- Total assets, end of year
- $3,306,664
- Total liabilities, end of year
- $1,633,952
- Net assets or fund balances, end of year
- $1,672,712
- Program services expenses (Part IX)
- $203,026
- Management and general expenses
- $43,319
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $203,026
Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: OPTIONS FEE
total $41,726 · related or exempt $41,726
-
3 · Investment income
total $34,499 · excluded $34,499
-
7a · Gross sales of assets other than inventory
securities $100,000
-
7b · Less cost or other basis and sales expenses
securities $76,246
-
7c · Gain or loss
securities $23,754
-
7d · Net gain or loss
total $23,754 · excluded $23,754
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $98,185 · program services $98,185
-
11c · Fees: accounting
total $17,901 · management and general $17,901
-
13 · Office expenses
total $2,888 · management and general $2,888
-
22 · Depreciation, depletion and amortization
total $103,655 · program services $103,655
-
24a · Other expenses: REIMBURSEMENT TO NM TEC
total $23,716 · program services $1,186 · management and general $22,530
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $334,944 · end of year $240,989
-
4 · Accounts receivable
end of year $7,775
-
11 · Investments: publicly traded securities
beginning of year $928,496 · end of year $988,442
-
12 · Investments: other securities
beginning of year $550,897 · end of year $589,549
-
14 · Intangible assets
beginning of year $1,389,118 · end of year $1,479,909
-
15 · Other assets
beginning of year $36,000 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $104,864 · end of year $27,808
-
25 · Other liabilities
beginning of year $1,421,261 · end of year $1,606,144
-
27 · Net assets without donor restrictions
beginning of year $1,713,330 · end of year $1,672,712
Mission and programs · 2024
Mission
TO PROMPT INDUSTRIAL AND COMMERCIAL DEVELOPMENT OF PRIVATE INDUSTRIES TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY, AND IF POSSIBLE, TO THE SOCORRO AREA.
Activities or mission (Part I)
TO PROMOTE INDUSTRIAL AND COMMERCIAL DEVELOPMENT OF PRIVATE INDUSTRIES TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY, AND IF POSSIBLE, TO THE SOCORRO AREA.
-
THE CORPORATION MANAGES THE PATENTS DEVELOPED AT NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
Expenses $203,026 · Revenue $41,726
As filed on the 2024 return.
Listed in Part VII
-
Michael DoyleMICHAEL DOYLE
VICE PRESIDENT (THROUGH JANUARY 2025)
- Total calculated
- $293,677
- From this org
- $0
- From related orgs
- $259,720
- Other
- $33,957
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $257,993 related
- Bonus
- $0
- Other
- $0 + $1,727 related
- Deferred
- $0 + $27,663 related
- Nontaxable benefits
- $0 + $6,294 related
- Filer's total
- $0 + $293,677 related
-
Richard CervantesRICHARD CERVANTES
DIRECTOR (THROUGH APRIL 2025)
- Total calculated
- $319,140
- From this org
- $0
- From related orgs
- $289,308
- Other
- $29,832
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $289,308 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $29,832 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $319,140 related
-
Dr Myrriah TomarDR MYRRIAH TOMAR
DIRECTOR
- Total calculated
- $166,996
- From this org
- $0
- From related orgs
- $145,270
- Other
- $21,726
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $145,132 related
- Bonus
- $0
- Other
- $0 + $138 related
- Deferred
- $0 + $16,078 related
- Nontaxable benefits
- $0 + $5,648 related
- Filer's total
- $0 + $166,996 related
-
Callum BellCALLUM BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Memo InalMEMO INAL
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Mahyar AmouzegarDR MAHYAR AMOUZEGAR
DIRECTOR
- Total calculated
- $396,084
- From this org
- $0
- From related orgs
- $306,950
- Other
- $89,134
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $306,950 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $88,820 related
- Nontaxable benefits
- $0 + $314 related
- Filer's total
- $0 + $396,084 related
-
Ernie C'DebacaERNIE C'DEBACA
DIRECTOR (THROUGH SEPTEMBER 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Dale DekkerDALE DEKKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jeb FlemmingJEB FLEMMING
DIRECTOR (THROUGH SEPTEMBER 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Ben HarburgBEN HARBURG
DIRECTOR (THROUGH SEPTEMBER 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Dr Yolanda Jones KingDR YOLANDA JONES KING
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Damien OcampoDAMIEN OCAMPO
DIRECTOR (THROUGH SEPTEMBER 2024)
- Total calculated
- $0
- Hours/week
- 1
-
Dr Warren OstergenDR WARREN OSTERGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John SaizJOHN SAIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lawrence UdellLAWRENCE UDELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Delilah WalshDELILAH WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Dr Lique CoolenDR LIQUE COOLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Ward HendonWARD HENDON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harold LavenderHAROLD LAVENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW MEXICO INSTITUTE OF MINING & TECHNOLOGY
501(C)(3) · HIGHER EDUCATION · NM
Directly controlled by BOARD OF REGENTS OF NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 19 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620519349300222
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