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Nonprofiteer
← CNM INGENUITY INCOPRORATION

Form 990 for tax year 2023

Filed by CNM INGENUITY INCOPRORATION.

Totals

Total revenue
$15,233,331
Total expenses
$20,331,839
Contributions and grants received
$8,269,532
Grants paid
$3,819,904
Program service revenue
$5,521,245
Investment income
$1,179,216
Other revenue
$263,338
Total assets, end of year
$29,425,293
Total liabilities, end of year
$2,196,172
Net assets or fund balances, end of year
$27,229,121
Program services expenses (Part IX)
$20,331,839
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$20,331,839

Program services were 100.0% 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.

  • 1b · Membership dues

    $91,732

  • 1d · Related organizations

    $1,025,000

  • 1e · Government grants (contributions)

    $6,376,627

  • 1f · All other contributions, gifts and grants

    $776,173

  • 1g · Noncash contributions included above

    $25,500

  • 2a · Program service revenue: OPEN ENROLLMENT WORKSHOPS

    total $2,987,767 · related or exempt $2,987,767

  • 2b · Program service revenue: OTHER PROGRAM REVENUE

    total $1,988,037 · related or exempt $1,988,037

  • 2c · Program service revenue: STATE PROGRAMS

    total $248,674 · related or exempt $248,674

  • 2d · Program service revenue: TESTING REVENUE

    total $216,767 · related or exempt $216,767

  • 2e · Program service revenue: CONSULTING REVENUE

    total $80,000 · related or exempt $80,000

  • 3 · Investment income

    total $832,903 · excluded $832,903

  • 6a · Gross rents

    real property $286,163 · personal property $23,696

  • 6b · Less rental expenses

    real property $24,370 · personal property $22,151

  • 6c · Rental income or loss

    real property $261,793 · personal property $1,545

  • 6d · Net rental income or loss

    total $263,338 · unrelated business $1,545 · excluded $261,793

  • 7a · Gross sales of assets other than inventory

    securities $5,655,522

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

    securities $5,309,209

  • 7c · Gain or loss

    securities $346,313

  • 7d · Net gain or loss

    total $346,313 · excluded $346,313

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,819,904 · program services $3,819,904

  • 7 · Other salaries and wages

    total $2,619,402 · program services $2,619,402

  • 8 · Pension plan contributions

    total $375,816 · program services $375,816

  • 9 · Other employee benefits

    total $286,865 · program services $286,865

  • 10 · Payroll taxes

    total $194,516 · program services $194,516

  • 11a · Fees: management

    total $325,229 · program services $325,229

  • 11b · Fees: legal

    total $13,135 · program services $13,135

  • 11c · Fees: accounting

    total $1,105 · program services $1,105

  • 11f · Fees: investment management

    total $131,491 · program services $131,491

  • 11g · Fees: other

    total $3,027,901 · program services $3,027,901

  • 12 · Advertising and promotion

    total $297,892 · program services $297,892

  • 13 · Office expenses

    total $755,394 · program services $755,394

  • 14 · Information technology

    total $70,509 · program services $70,509

  • 15 · Royalties

    total $31,277 · program services $31,277

  • 16 · Occupancy

    total $41,683 · program services $41,683

  • 17 · Travel

    total $32,409 · program services $32,409

  • 19 · Conferences, conventions and meetings

    total $251 · program services $251

  • 22 · Depreciation, depletion and amortization

    total $240,434 · program services $240,434

  • 24a · Other expenses: DONATION OF REAL PROPER

    total $7,127,074 · program services $7,127,074

  • 24b · Other expenses: OTHER PROGRAM EXPENSE

    total $746,210 · program services $746,210

  • 24c · Other expenses: COURSE MATERIALS & TRAI

    total $193,342 · program services $193,342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $617,169 · end of year $411,850

  • 2 · Savings and temporary cash investments

    beginning of year $4,726,856 · end of year $6,011,976

  • 3 · Pledges and grants receivable

    beginning of year $726,551 · end of year $515,149

  • 4 · Accounts receivable

    beginning of year $1,792,754 · end of year $2,053,467

  • 9 · Prepaid expenses and deferred charges

    beginning of year $122,182 · end of year $71,603

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

    $784,716

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

    $375,335

  • 10c · Land, buildings and equipment, net

    beginning of year $7,885,073 · end of year $409,381

  • 11 · Investments: publicly traded securities

    beginning of year $17,126,206 · end of year $19,235,474

  • 12 · Investments: other securities

    end of year $172,355

  • 14 · Intangible assets

    beginning of year $90,000 · end of year $90,000

  • 15 · Other assets

    beginning of year $0 · end of year $454,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $388,865 · end of year $236,771

  • 19 · Deferred revenue

    beginning of year $842,287 · end of year $1,055,056

  • 25 · Other liabilities

    beginning of year $990,210 · end of year $904,345

  • 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 $30,865,429 · end of year $27,229,121

Mission and programs · 2023

Mission

TO PROMOTE THE PUBLIC WELFARE AND PROSPERITY OF INDIVIDUALS AND TO FOSTER ECONOMIC DEVELOPMENT WITHIN BOTH THE PRIVATE AND PUBLIC SECTORS. CNMI ACCOMPLISHES THIS PURPOSE BY FORGING LINKS BETWEEN EDUCATIONAL INSTITUTIONS, BUSINESSES, INDUSTRIES, AND GOVERNMENT.

Activities or mission (Part I)

TO PROMOTE THE PUBLIC WELFARE AND PROSPERITY OF INDIVIDUALS AND TO FOSTER ECONOMIC DEVELOPMENT.

  • CNM INGENUITY'S PROGRAMS AND INITIATIVES INCLUDED DEEP DIVE CODING, FUSE MARKERSPACE, ABQCDL TRAINING, EARLY CHILDHOOD EDUCATION AND CARE DEPARTMENT TUITION AND WAGE SUPPLEMENT PARTNERSHIP, TECHNOLOGY SOLUTIONS LABS, SKILLSUSA, ACTIVATENM, AND HYPERSPACE CHALLENGE. ON JULY 1, 2023, THE ORGANIZATION ACQUIRED NM-NEW, INC., A PROGRAM WHICH PROVIDES RETIREES WITH OPPORTUNITIES TO CONTRIBUTE TO THE COMMUNITY AND ECONOMY THROUGH LEARNING EVENTS, WORK, VOLUNTEERING, AND SOCIAL CONNECTIONS. THE ORGANIZATION ALSO TRANSFERRED ASSETS VALUED AT $7,127,074 TO A RELATED PARTY. APPROXIMATELY 10,000 INDIVIDUALS WERE TRAINED OR ASSISTED THROUGH THE ORGANIZATION'S VARIOUS PROGRAMS AND INITIATIVES.

    Expenses $20,331,839 · Grants $3,819,904 · Revenue $5,521,245

As filed on the 2023 return.

Listed in Part VII

  • MARK FIDEL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • HENRY SOUTH

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • KYLE LEE

    SECRETARY

    Total calculated
    $203,495
    From this org
    $0
    From related orgs
    $163,130
    Other
    $40,365
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,130 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $19,908 related
    Nontaxable benefits
    $0 + $20,457 related
    Filer's total
    $0 + $203,495 related

  • OLIVIA PADILLA-JACKSON

    TREASURER

    Total calculated
    $250,386
    From this org
    $0
    From related orgs
    $194,087
    Other
    $56,299
    Hours/week
    0.5 + 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
    0.5 + 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

  • MICHAEL CANFIELD

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BILL MIERA

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • DOMINIC PRUITT

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • LORNA WIGGINS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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
14 May 2025
IRS schema version
2023v6.0
Source object
202541359349316924

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