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Nonprofiteer
← UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED

Form 990 for tax year 2023

Filed by UNIVERSITY OF NEW MEXICO FOUNDATION INCORPORATED.

Totals

Total revenue
$77,683,394
Total expenses
$64,624,296
Contributions and grants received
$48,375,072
Grants paid
$47,298,017
Program service revenue
$8,762,563
Investment income
$16,924,694
Other revenue
$3,621,065
Total assets, end of year
$520,355,860
Total liabilities, end of year
$151,878,019
Net assets or fund balances, end of year
$368,477,841
Program services expenses (Part IX)
$50,075,126
Management and general expenses
$5,215,959
Fundraising expenses
$9,333,211
Program service expenses (Part III)
$50,075,126

Program services were 77.5% 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.

  • 1c · Fundraising events

    $37,290

  • 1f · All other contributions, gifts and grants

    $48,337,782

  • 1g · Noncash contributions included above

    $5,327,424

  • 2a · Program service revenue: UNM CONTRACT SERVICE REVENUE

    total $5,431,387 · related or exempt $5,431,387

  • 2b · Program service revenue: DEVELOPMENT FUNDING ALLOCATION

    total $3,331,176 · related or exempt $3,331,176

  • 3 · Investment income

    total $4,190,576 · excluded $4,190,576

  • 5 · Royalties

    total $80,139 · excluded $80,139

  • 6a · Gross rents

    real property $27,028

  • 6b · Less rental expenses

    real property $11,618

  • 6c · Rental income or loss

    real property $15,410

  • 6d · Net rental income or loss

    total $15,410 · excluded $15,410

  • 7a · Gross sales of assets other than inventory

    securities $60,155,706 · other assets $1,073,894

  • 7b · Less cost or other basis and sales expenses

    securities $47,450,971 · other assets $1,044,511

  • 7c · Gain or loss

    securities $12,704,735 · other assets $29,383

  • 7d · Net gain or loss

    total $12,734,118 · excluded $12,734,118

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $37,290

  • 8b · Fundraising events: direct expenses

    $3,470

  • 8c · Net income from fundraising events

    total -$3,470 · excluded -$3,470

  • 11a · Other revenue: PASS-THROUGH PARTNERSHIP REVENUE

    total $3,498,016 · unrelated business $3,498,016

  • 11d · All other revenue

    total $30,970 · excluded $30,970

  • 11e · Other revenue, total

    $3,528,986

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,298,017 · program services $47,298,017

  • 5 · Compensation of officers, directors and key employees

    total $2,513,924 · program services $233,977 · management and general $1,211,805 · fundraising $1,068,142

  • 7 · Other salaries and wages

    total $7,793,072 · program services $1,039,154 · management and general $1,784,242 · fundraising $4,969,676

  • 8 · Pension plan contributions

    total $720,599 · program services $96,034 · management and general $202,579 · fundraising $421,986

  • 9 · Other employee benefits

    total $966,531 · program services $135,704 · management and general $202,297 · fundraising $628,530

  • 10 · Payroll taxes

    total $666,500 · program services $83,970 · management and general $178,450 · fundraising $404,080

  • 11b · Fees: legal

    total $13,514 · management and general $13,514

  • 11c · Fees: accounting

    total $76,074 · management and general $76,074

  • 11d · Fees: lobbying

    total $22,021 · fundraising $22,021

  • 11e · Fees: professional fundraising services

    total $180,502 · fundraising $180,502

  • 11f · Fees: investment management

    total $225,983 · management and general $225,983

  • 11g · Fees: other

    total $992,799 · program services $270,102 · management and general $270,030 · fundraising $452,667

  • 12 · Advertising and promotion

    total $164,285 · program services $37,706 · management and general $12,697 · fundraising $113,882

  • 13 · Office expenses

    total $272,245 · program services $30,218 · management and general $164,831 · fundraising $77,196

  • 14 · Information technology

    total $350,663 · program services $11,137 · management and general $328,188 · fundraising $11,338

  • 16 · Occupancy

    total $250,165 · program services $27,636 · management and general $222,529

  • 17 · Travel

    total $315,544 · program services $38,709 · management and general $24,365 · fundraising $252,470

  • 19 · Conferences, conventions and meetings

    total $71,944 · management and general $71,944

  • 22 · Depreciation, depletion and amortization

    total $48,405 · management and general $48,405

  • 23 · Insurance

    total $143,926 · program services $42,711 · management and general $101,215

  • 24a · Other expenses: DONOR RELATIONS

    total $1,049,290 · program services $414,884 · management and general $5,897 · fundraising $628,509

  • 24b · Other expenses: PAYMENTS TO ANNUITANTS

    total $286,494 · program services $286,494

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $110,319 · program services $21,465 · management and general $31,438 · fundraising $57,416

  • 24d · Other expenses: PROFESSIONAL DEVELOPMEN

    total $91,480 · program services $7,208 · management and general $39,476 · fundraising $44,796

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $27,260,943 · end of year $26,942,444

  • 3 · Pledges and grants receivable

    beginning of year $1,995,070 · end of year $2,507,890

  • 4 · Accounts receivable

    beginning of year $966,280 · end of year $1,155,037

  • 7 · Other notes and loans receivable

    beginning of year $684,574 · end of year $526,594

  • 9 · Prepaid expenses and deferred charges

    beginning of year $145,690 · end of year $382,840

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

    $1,819,478

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

    $138,562

  • 10c · Land, buildings and equipment, net

    beginning of year $669,122 · end of year $1,680,916

  • 11 · Investments: publicly traded securities

    beginning of year $39,420,797 · end of year $341,816,558

  • 12 · Investments: other securities

    beginning of year $362,443,255 · end of year $123,203,095

  • 14 · Intangible assets

    beginning of year $143,500 · end of year $143,500

  • 15 · Other assets

    beginning of year $20,938,281 · end of year $21,996,986

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,794,906 · end of year $1,985,504

  • 19 · Deferred revenue

    beginning of year $441,291 · end of year $1,068,837

  • 25 · Other liabilities

    beginning of year $128,285,743 · end of year $148,823,678

  • 27 · Net assets without donor restrictions

    beginning of year $7,490,365 · end of year $7,158,258

  • 28 · Net assets with donor restrictions

    beginning of year $316,655,207 · end of year $361,319,583

Mission and programs · 2023

Mission

CREATE POWERFUL ENGAGEMENTS AND PARTNERSHIPS THAT LEAD TO INCREASED PHILANTHROPY, INVESTMENT, INNOVATION, AND SUPPORT FOR THE UNIVERSITY OF NEW MEXICO.

Activities or mission (Part I)

SEE SCHEDULE O.

  • THE UNIVERSITY OF NEW MEXICO FOUNDATION, INC. ENHANCES THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF NEW MEXICO BY RAISING PRIVATE FUNDS FOR THE BENEFIT OF STUDENTS, FACULTY AND PROGRAMS; AND INVESTS ENDOWMENT FUNDS AND OTHER FUNDS NOT IMMEDIATELY REQUIRED TO PROVIDE FOR LONG-TERM SUPPORT OF THE UNIVERSITY.

    Expenses $50,075,126 · Grants $47,298,017 · Revenue $8,762,563

As filed on the 2023 return.

Listed in Part VII

  • FELICIA FINSTON

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • THOMAS DAULTON

    VICE CHAIR/CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2

  • JAMES ELLIS

    NATIONAL VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ADAM HARRINGTON

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    2

  • MONICA JOJOLA

    BOARD ADMINISTRATIVE OFFICE

    Total calculated
    $0
    Hours/week
    2

  • RYAN MUMMERT

    IMMEDIATE PAST-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • PAUL BLODGETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PAUL CASSIDY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DOUG CAMPBELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DAMON CHRONIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DON CLAMPITT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CAROL MAYO COCHRAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEE DENNIS JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • FRANCINE GAILLOUR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GREG FOLTZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CHERYL FOSSUM-GRAHAM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DONALD GODWIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DEBBIE HARRIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CURTIS HUFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOHN MOCKOVCIAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • BRAD PREBER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JERRALD ROEHL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JAYMIE ROYBAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KIM SANCHEZ RAEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HARRIS SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • GARNETT STOKES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • PATRICIA VINCENT-COLLAWN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY TODD

    PRESIDENT AND CEO

    Total calculated
    $490,559
    From this org
    $434,793
    From related orgs
    $0
    Other
    $55,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $410,300
    Bonus
    $24,493
    Other
    $0
    Deferred
    $33,454
    Nontaxable benefits
    $22,312
    Filer's total
    $490,559

  • ANNETTE HAZEN

    SENIOR ASSOCIATE VICE PRESIDENT

    Total calculated
    $204,893
    From this org
    $178,732
    From related orgs
    $0
    Other
    $26,161
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,950
    Bonus
    $9,782
    Other
    $0
    Deferred
    $17,052
    Nontaxable benefits
    $9,109
    Filer's total
    $204,893

  • KRISTINE C MAZZEI

    VICE PRESIDENT

    Total calculated
    $218,148
    From this org
    $198,476
    From related orgs
    $0
    Other
    $19,672
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,565
    Bonus
    $9,911
    Other
    $0
    Deferred
    $19,021
    Nontaxable benefits
    $651
    Filer's total
    $218,148

  • PATRICK ALLEN

    GENERAL COUNSEL

    Total calculated
    $308,946
    From this org
    $274,871
    From related orgs
    $0
    Other
    $34,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $260,531
    Bonus
    $14,340
    Other
    $0
    Deferred
    $25,484
    Nontaxable benefits
    $8,591
    Filer's total
    $308,946

  • LAWRENCE RYAN

    VICE PRESIDENT

    Total calculated
    $352,002
    From this org
    $302,654
    From related orgs
    $0
    Other
    $49,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $286,454
    Bonus
    $16,200
    Other
    $0
    Deferred
    $27,987
    Nontaxable benefits
    $21,361
    Filer's total
    $352,002

  • WILLLIAM UHER

    VICE PRESIDENT

    Total calculated
    $374,276
    From this org
    $334,455
    From related orgs
    $0
    Other
    $39,821
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,455
    Bonus
    $18,000
    Other
    $0
    Deferred
    $30,846
    Nontaxable benefits
    $8,975
    Filer's total
    $374,276

  • PATRICIA IDAROLA CHIEF

    DIGITAL STRATEGY & SOLUTIONS OFCR.

    Total calculated
    $227,849
    From this org
    $188,009
    From related orgs
    $0
    Other
    $39,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,569
    Bonus
    $9,440
    Other
    $0
    Deferred
    $17,893
    Nontaxable benefits
    $21,947
    Filer's total
    $227,849

  • NADINA PAISANO

    CFO AND TREASURER

    Total calculated
    $200,428
    From this org
    $171,204
    From related orgs
    $0
    Other
    $29,224
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,764
    Bonus
    $7,440
    Other
    $0
    Deferred
    $16,650
    Nontaxable benefits
    $12,574
    Filer's total
    $200,428

  • LESLIE CURRIE SR DIR OF

    DEVELOPMENT (THRU 3/1/2024)

    Total calculated
    $158,104
    From this org
    $134,337
    From related orgs
    $0
    Other
    $23,767
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,335
    Bonus
    $10,002
    Other
    $0
    Deferred
    $13,004
    Nontaxable benefits
    $10,763
    Filer's total
    $158,104

  • YOLANDA DOMINGUEZ

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $159,051
    From this org
    $132,083
    From related orgs
    $0
    Other
    $26,968
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,694
    Bonus
    $7,389
    Other
    $0
    Deferred
    $12,883
    Nontaxable benefits
    $14,085
    Filer's total
    $159,051

  • BONNIE MCLESKY

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $169,369
    From this org
    $139,519
    From related orgs
    $0
    Other
    $29,850
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,780
    Bonus
    $7,739
    Other
    $0
    Deferred
    $13,611
    Nontaxable benefits
    $16,239
    Filer's total
    $169,369

  • GRETCHEN DOYLE

    SENIOR ASSOCIATE VICE PRESIDENT

    Total calculated
    $189,625
    From this org
    $166,318
    From related orgs
    $0
    Other
    $23,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,468
    Bonus
    $8,850
    Other
    $0
    Deferred
    $15,581
    Nontaxable benefits
    $7,726
    Filer's total
    $189,625

  • CHRISTOPHER ALBRECHT

    SR. REGIONAL DIR. OF DEVELOPMENT

    Total calculated
    $159,297
    From this org
    $137,019
    From related orgs
    $0
    Other
    $22,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,780
    Bonus
    $10,239
    Other
    $0
    Deferred
    $13,262
    Nontaxable benefits
    $9,016
    Filer's total
    $159,297

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

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
A FAMILY MEMBER OF THE CEO TRAVELED FOR BONA FIDE BUSINESS PURPOSES OF THE FOUNDATION. NO TAXABLE COMPENSATION WAS REPORTED IN FY 24. EACH EXPENSE WAS EVALUATED FOR TREATMENT OF TAXABLE COMPENSATION, BUT WAS NOT BECAUSE THE EXPENSES WERE INCURRED FOR BUSINESS PURPOSES OF THE FOUNDATION.
PART I, LINE 7
DISCRETION IS USED IN DETERMINING THE NON-FIXED COMPENSATION, WHICH IS BASED ON COMPLETION OF ORGANIZATION-WIDE GOALS AND IS CALCULATED USING A UNIFORM PERCENTAGE FOR THE ENTIRE ORGANIZATION. THIS COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.

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

Provenance

Return type
form_990
Tax year
2023
Filed
28 April 2025
IRS schema version
2023v6.0
Source object
202531259349302123

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