Skip to content
Nonprofiteer
← NEW MEXICO TECH UNIVERSITY RESEARCH PARK CORPORATION

Form 990 for tax year 2023

Filed by NEW MEXICO TECH UNIVERSITY RESEARCH PARK CORPORATION.

Totals

Total revenue
$31,646
Total expenses
$157,509
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$31,646
Other revenue
$0
Total assets, end of year
$3,239,455
Total liabilities, end of year
$1,526,125
Net assets or fund balances, end of year
$1,713,330
Program services expenses (Part IX)
$89,424
Management and general expenses
$68,085
Fundraising expenses
$0
Program service expenses (Part III)
$89,424

Program services were 56.8% 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.

  • 3 · Investment income

    total $31,646 · excluded $31,646

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $43,649 · program services $43,649

  • 11c · Fees: accounting

    total $26,405 · management and general $26,405

  • 13 · Office expenses

    total $2,548 · management and general $2,548

  • 22 · Depreciation, depletion and amortization

    total $43,716 · program services $43,716

  • 24a · Other expenses: REIMBURSEMENT TO NM TEC

    total $41,191 · program services $2,059 · management and general $39,132

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $335,149 · end of year $334,944

  • 4 · Accounts receivable

    beginning of year $1,000

  • 11 · Investments: publicly traded securities

    beginning of year $799,259 · end of year $928,496

  • 12 · Investments: other securities

    beginning of year $544,025 · end of year $550,897

  • 14 · Intangible assets

    beginning of year $1,137,243 · end of year $1,389,118

  • 15 · Other assets

    beginning of year $0 · end of year $36,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $101,818 · end of year $104,864

  • 25 · Other liabilities

    beginning of year $981,470 · end of year $1,421,261

  • 27 · Net assets without donor restrictions

    beginning of year $1,733,388 · end of year $1,713,330

Mission and programs · 2023

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.

  • THE CORPORATION MANAGES THE PATENTS DEVELOPED AT NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.

    Expenses $89,424

As filed on the 2023 return.

Listed in Part VII

  • Michael Doyle

    VICE PRESIDENT

    Total calculated
    $261,474
    From this org
    $0
    From related orgs
    $230,555
    Other
    $30,919
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $228,882 related
    Bonus
    $0
    Other
    $0 + $1,673 related
    Deferred
    $0 + $25,081 related
    Nontaxable benefits
    $0 + $5,838 related
    Filer's total
    $0 + $261,474 related

  • Daniel Lopez

    DIRECTOR (THRU APRIL 2024)

    Total calculated
    $260,063
    From this org
    $0
    From related orgs
    $235,892
    Other
    $24,171
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $235,892 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,171 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $260,063 related

  • Richard Cervantes

    DIRECTOR

    Total calculated
    $161,358
    From this org
    $0
    From related orgs
    $147,211
    Other
    $14,147
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,211 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,147 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $161,358 related

  • Dr Myrriah Tomar

    DIRECTOR

    Total calculated
    $153,735
    From this org
    $0
    From related orgs
    $133,662
    Other
    $20,073
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,531 related
    Bonus
    $0
    Other
    $0 + $131 related
    Deferred
    $0 + $14,845 related
    Nontaxable benefits
    $0 + $5,228 related
    Filer's total
    $0 + $153,735 related

  • Dr Peter Anselmo

    SECRETARY/TREAS. (THRU APRIL 2024)

    Total calculated
    $27,539
    From this org
    $0
    From related orgs
    $27,539
    Other
    $0
    Hours/week
    0.5 + 40 related

  • Callum Bell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Memo Inal

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Mahyar Amouzegar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Ernie C'Debaca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dale Dekker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeb Flemming

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ben Harburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Yolanda Jones King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Damien Ocampo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Warren Ostergen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • John Saiz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Udell

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 March 2025
IRS schema version
2023v6.0
Source object
202500659349301225

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.