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Nonprofiteer
← CNM HOLDINGS INC

Form 990 for tax year 2024

Filed by CNM HOLDINGS INC.

Totals

Total revenue
$833,485
Total expenses
$687,687
Contributions and grants received
$395,021
Grants paid
$0
Program service revenue
$438,464
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,207,898
Total liabilities, end of year
$201,557
Net assets or fund balances, end of year
$11,006,341
Program services expenses (Part IX)
$685,211
Management and general expenses
$2,476
Fundraising expenses
$0
Program service expenses (Part III)
$685,211

Program services were 99.6% 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.

  • 1d · Related organizations

    $395,021

  • 1g · Noncash contributions included above

    $145,021

  • 2a · Program service revenue: PROPERTY INCOME

    total $438,464 · related or exempt $438,464

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $100,000 · program services $100,000

  • 11g · Fees: other

    total $94,579 · program services $94,579

  • 13 · Office expenses

    total $2,476 · management and general $2,476

  • 16 · Occupancy

    total $364,091 · program services $364,091

  • 22 · Depreciation, depletion and amortization

    total $126,541 · program services $126,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,641 · end of year $301,242

  • 4 · Accounts receivable

    beginning of year $21,592 · end of year $34,375

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,500 · end of year $1,500

  • 10a · Land, buildings and equipment: cost or other basis

    $11,960,929

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,090,148

  • 10c · Land, buildings and equipment, net

    beginning of year $10,702,302 · end of year $10,870,781

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,462 · end of year $201,557

  • 19 · Deferred revenue

    beginning of year $1,030

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $10,860,543 · end of year $11,006,341

Mission and programs · 2024

Mission

THE MISSION OF CNM HOLDINGS, INC. IS TO SUPPORT CENTRAL NEW MEXICO COMMUNITY COLLEGE IN ALL ASPECTS OF REAL ESTATE MANAGEMENT INCLUDING ACQUIRING, HOLDING, DEVELOPING, SELLING, MANAGING, LEASING, MAINTAINING, AND SELLING PROPERTY FOR THE BENEFIT OF CNMCC.

Activities or mission (Part I)

TO SUPPORT CENTRAL NEW MEXICO COMMUNITY COLLEGE IN ALL ASPECTS OF REAL ESTATE MANAGEMENT.

  • ALL PROPERTY TITLED TO CNM INGENUITY, INC., WAS TRANSFERRED TO CNM HOLDINGS IN ITS FIRST YEAR OF OPERATION, AND A MEMORANDUM OF AGREEMENT WAS DEVELOPED FOR THE MANAGEMENT AND OVERSIGHT OF THESE PROPERTIES. AS THE ORGANIZATION DEVELOPS ITS CRITICAL POLICIES AND PROCEDURES, IT IS INVENTORYING, APPRAISING, AND ESTABLISHING CRITICAL DECISION-MAKING ELEMENTS FOR ALL CNM ENTERPRISE PROPERTIES SLATED FOR DEVELOPMENT, ADVANCING CNM'S VISION, MISSION, AND VALUES, WHILE PROMOTING ECONOMIC DIVERSIFICATION AND STRENGTHENING THE COLLEGE'S FINANCES.CNM COMMUNITY COLLEGE AND CNM INGENUITY PROVIDE STAFF SUPPORT, OFFICE AND MEETING SPACE, RELATED PHYSICAL SUPPORT SERVICES, AND OTHER SERVICES AT NO COST TO THE ORGANIZATION.

    Expenses $685,211 · Revenue $438,464

As filed on the 2024 return.

Listed in Part VII

  • TRACY HARTZLER

    CHAIR/CNM PRESIDENT

    Total calculated
    $401,091
    From this org
    $0
    From related orgs
    $338,852
    Other
    $62,239
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,852 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,039 related
    Nontaxable benefits
    $0 + $8,200 related
    Filer's total
    $0 + $401,091 related

  • OLIVIA PADILLA-JACKSON

    TREASURER

    Total calculated
    $259,190
    From this org
    $0
    From related orgs
    $202,892
    Other
    $56,298
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,892 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,541 related
    Nontaxable benefits
    $0 + $17,757 related
    Filer's total
    $0 + $259,190 related

  • MICHAEL CANFIELD

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • KYLE LEE

    CEO

    Total calculated
    $211,570
    From this org
    $0
    From related orgs
    $171,205
    Other
    $40,365
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,205 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,908 related
    Nontaxable benefits
    $0 + $20,457 related
    Filer's total
    $0 + $211,570 related

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
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202601259349302720

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