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Nonprofiteer
← CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,446,227
Total expenses
$1,562,439
Contributions and grants received
$1,774,534
Grants paid
$1,339,136
Program service revenue
$0
Investment income
$671,693
Other revenue
$0
Total assets, end of year
$17,661,565
Total liabilities, end of year
$1,651,022
Net assets or fund balances, end of year
$16,010,543
Program services expenses (Part IX)
$1,339,136
Management and general expenses
$120,112
Fundraising expenses
$103,191
Program service expenses (Part III)
$1,339,136

Program services were 85.7% 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.

  • 1f · All other contributions, gifts and grants

    $1,774,534

  • 1g · Noncash contributions included above

    $74,659

  • 3 · Investment income

    total $519,035 · excluded $519,035

  • 7a · Gross sales of assets other than inventory

    securities $2,661,811

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

    securities $2,509,153

  • 7c · Gain or loss

    securities $152,658

  • 7d · Net gain or loss

    total $152,658 · excluded $152,658

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,339,136 · program services $1,339,136

  • 11f · Fees: investment management

    total $96,484 · management and general $96,484

  • 13 · Office expenses

    total $18,594 · management and general $18,594

  • 19 · Conferences, conventions and meetings

    total $3,724 · management and general $3,724

  • 23 · Insurance

    total $1,310 · management and general $1,310

  • 24a · Other expenses: ETHICS IN BUSINESS AWAR

    total $103,191 · fundraising $103,191

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $401,955 · end of year $48,392

  • 2 · Savings and temporary cash investments

    beginning of year $2,629,029 · end of year $2,254,865

  • 3 · Pledges and grants receivable

    beginning of year $31,305 · end of year $17,976

  • 4 · Accounts receivable

    beginning of year $21,549 · end of year $48,178

  • 9 · Prepaid expenses and deferred charges

    end of year $10,970

  • 11 · Investments: publicly traded securities

    beginning of year $12,243,311 · end of year $15,281,184

  • 17 · Accounts payable and accrued expenses

    beginning of year $141,748 · end of year $3,355

  • 19 · Deferred revenue

    beginning of year $817,176 · end of year $1,352,844

  • 25 · Other liabilities

    beginning of year $206,478 · end of year $294,823

  • 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 $14,161,747 · end of year $16,010,543

Mission and programs · 2023

Mission

THE CNM FOUNDATION IS COMMITTED TO THE PRINCIPLE THAT NO CENTRAL NEW MEXICO COMMUNITY COLLEGE STUDENT SHOULD BE DENIED THE OPPORTUNITY FOR AN EDUCATION OR VOCATIONAL TRAINING DUE SOLELY TO A LACK OF FINANCIAL RESOURCES. THE CNM FOUNDATION WORKS TO HELP CNM MEET ITS MISSION TO CREATE EDUCATIONAL OPPORTUNITIES AND COMMUNITY PARTNERSHIPS WHILE PURSUING A LEVEL OF COMMUNITY COLLEGE EXCELLENCE THAT IS WORTHY OF LOCAL AND NATIONAL RECOGNITION.

Activities or mission (Part I)

TO ENSURE THAT NO CNM STUDENT IS DENIED AN EDUCATION/VOCATIONAL TRAINING DUE TO LACK OF FINANCES.

  • CNM IS THE LARGEST POST-SECONDARY INSTITUTION IN THE STATE OF NEW MEXICO, EDUCATING SOME 21,398 INDIVIDUALS IN 2024. THE CNM FOUNDATION IS THE FUNDRAISING AND ADVOCACY GROUP PROMOTING CNM AND ITS PROGRAMS WITHIN THE COMMUNITY. THE FOUNDATION'S MISSION IS TO PROVIDE THE EXTRA FINANCIAL ASSISTANCE NECESSARY FOR THE RESIDENTS OF CNM'S SERVICE AREA TO OBTAIN THE QUALITY EDUCATIONAL OPPORTUNITIES THEY DESERVE. THE CNM FOUNDATION PROVIDES SCHOLARSHIPS TO SUPPORT THE STUDENTS AT CNM, ASSISTING STUDENTS WITH TUITION, FEES, BOOKS, AND BASIC LIFE EXPENSES TO ENSURE THEIR SUCCESS.

    Expenses $1,339,136 · Grants $1,339,136

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Briones

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Phillip Prevender

    PRESIDENT-ELECT

    Total calculated
    $0
    Hours/week
    0.3

  • Keith Hartnett

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Clint Wells

    SECRETARY

    Total calculated
    $139,844
    From this org
    $0
    From related orgs
    $111,873
    Other
    $27,971
    Hours/week
    36 + 4 related

  • Olivia Padilla-Jackson

    TREASURER

    Total calculated
    $250,386
    From this org
    $0
    From related orgs
    $194,087
    Other
    $56,299
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,087 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,541 related
    Nontaxable benefits
    $0 + $17,758 related
    Filer's total
    $0 + $250,386 related

  • Tracy Hartzler

    MEMBER/CNM PRESIDENT

    Total calculated
    $368,102
    From this org
    $0
    From related orgs
    $305,863
    Other
    $62,239
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,863 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,039 related
    Nontaxable benefits
    $0 + $8,200 related
    Filer's total
    $0 + $368,102 related

  • Mike Mertz

    CHAIR, DEVELOPMENT COMMITTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Steven Anaya

    CHAIR, NOMINATING COMMITTEE

    Total calculated
    $0
    Hours/week
    0.3

  • Laurie Donovan

    CHAIR, FINANCE & INVESTMENTS

    Total calculated
    $0
    Hours/week
    0.3

  • Ross Busby

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Kent Cravens

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Michelle Dearholt

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Adrian Chavez

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Kelly Famiglietta

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Joe Farr

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Frank Gallegos

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Ed Garcia

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Mark Gorham

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Megan Holubiak

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Shad S James

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Barbara Lewis

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • William Martinez

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Kirk Meyer

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Yolanda Montano-Lovato

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Erin Muffoletto

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jessica Sanchez

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Jennifer Sinsabaugh

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Amy Tapia

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Joseph Varro Jr

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

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

  • CENTRAL NM COMMUNITY COLLEGE

    $660,408

    PROGRAM SUPPORT FOR CNM.

  • CENTRAL NM COMMUNITY COLLEGE

    $604,069

    TO PROVIDE SCHOLARSHIPS TO CNM STUDENTS.

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.

  • CENTRAL NM COMMUNITY COLLEGE

    EDUCATION · NM

  • CNM INGENUITY INC

    501(C)(3) · PROMOTE PUBLIC WELFARE AND FOSTER ECONOMIC DEVELOPMENT · NM

  • CNM HOLDINGS INC

    501(C)(3) · SUPORT CNMCC IN ALL ASPECTS OF REAL ESTATE MANAGEMENT · NM

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349316264

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