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Nonprofiteer
← CNM INGENUITY INCOPRORATION

Form 990 for tax year 2024

Filed by CNM INGENUITY INCOPRORATION.

Totals

Total revenue
$23,754,901
Total expenses
$19,700,253
Contributions and grants received
$12,950,842
Grants paid
$10,438,312
Program service revenue
$8,721,751
Investment income
$1,753,672
Other revenue
$328,636
Total assets, end of year
$36,262,379
Total liabilities, end of year
$3,904,315
Net assets or fund balances, end of year
$32,358,064
Program services expenses (Part IX)
$18,919,525
Management and general expenses
$780,728
Fundraising expenses
$0
Program service expenses (Part III)
$18,919,525

Program services were 96.0% 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.

  • 1d · Related organizations

    $12,060,581

  • 1e · Government grants (contributions)

    $846,670

  • 1f · All other contributions, gifts and grants

    $43,591

  • 2a · Program service revenue: OPEN ENROLLMENT WORKSHOPS

    total $5,425,823 · related or exempt $5,425,823

  • 2b · Program service revenue: CONTRACT TRAINING

    total $980,892 · related or exempt $980,892

  • 2c · Program service revenue: STATE PROGRAMS

    total $567,776 · related or exempt $567,776

  • 2d · Program service revenue: LEASE INCOME

    total $310,056 · related or exempt $310,056

  • 2e · Program service revenue: TESTING REVENUE

    total $230,883 · related or exempt $230,883

  • 2f · All other program service revenue

    total $1,206,321 · related or exempt $1,206,321

  • 3 · Investment income

    total $856,580 · excluded $856,580

  • 6a · Gross rents

    real property $365,097 · personal property $23,334

  • 6b · Less rental expenses

    real property $28,760 · personal property $32,682

  • 6c · Rental income or loss

    real property $336,337 · personal property -$9,348

  • 6d · Net rental income or loss

    total $326,989 · unrelated business -$9,348 · excluded $336,337

  • 7a · Gross sales of assets other than inventory

    securities $18,397,427 · other assets $38,160

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

    securities $17,538,495 · other assets $0

  • 7c · Gain or loss

    securities $858,932 · other assets $38,160

  • 7d · Net gain or loss

    total $897,092 · excluded $897,092

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,647 · excluded $1,647

  • 11e · Other revenue, total

    $1,647

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $250,000 · program services $250,000

  • 2 · Grants to domestic individuals

    total $10,188,312 · program services $10,188,312

  • 7 · Other salaries and wages

    total $2,885,433 · program services $2,596,890 · management and general $288,543

  • 8 · Pension plan contributions

    total $432,202 · program services $388,982 · management and general $43,220

  • 9 · Other employee benefits

    total $309,644 · program services $278,680 · management and general $30,964

  • 10 · Payroll taxes

    total $565,569 · program services $509,012 · management and general $56,557

  • 11b · Fees: legal

    total $3,908 · program services $3,517 · management and general $391

  • 11f · Fees: investment management

    total $144,379 · management and general $144,379

  • 11g · Fees: other

    total $2,593,998 · program services $2,588,230 · management and general $5,768

  • 12 · Advertising and promotion

    total $310,345 · program services $279,311 · management and general $31,034

  • 13 · Office expenses

    total $33,705 · program services $30,335 · management and general $3,370

  • 14 · Information technology

    total $75,520 · program services $67,968 · management and general $7,552

  • 15 · Royalties

    total $1,050 · program services $1,050

  • 16 · Occupancy

    total $45,393 · program services $40,854 · management and general $4,539

  • 17 · Travel

    total $52,692 · program services $47,423 · management and general $5,269

  • 19 · Conferences, conventions and meetings

    total $1,017 · program services $915 · management and general $102

  • 22 · Depreciation, depletion and amortization

    total $315,198 · program services $283,678 · management and general $31,520

  • 24a · Other expenses: SUPPLIES

    total $476,817 · program services $429,135 · management and general $47,682

  • 24b · Other expenses: PARTICIPANT SUPPORT

    total $216,685 · program services $216,685

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $206,383 · program services $185,745 · management and general $20,638

  • 24d · Other expenses: REPAIRS AND MANTENIANCE

    total $190,625 · program services $171,563 · management and general $19,062

  • 24e · All other expenses

    total $401,378 · program services $361,240 · management and general $40,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $411,850 · end of year $1,137,094

  • 2 · Savings and temporary cash investments

    beginning of year $6,011,976 · end of year $8,204,848

  • 3 · Pledges and grants receivable

    beginning of year $515,149 · end of year $1,047,738

  • 4 · Accounts receivable

    beginning of year $2,053,467 · end of year $3,177,538

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,603 · end of year $80,333

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

    $1,091,046

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

    $422,622

  • 10c · Land, buildings and equipment, net

    beginning of year $409,381 · end of year $668,424

  • 11 · Investments: publicly traded securities

    beginning of year $19,235,474 · end of year $21,422,536

  • 12 · Investments: other securities

    beginning of year $172,355 · end of year $199,553

  • 14 · Intangible assets

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

  • 15 · Other assets

    beginning of year $454,038 · end of year $234,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $236,771 · end of year $527,550

  • 19 · Deferred revenue

    beginning of year $1,055,056 · end of year $2,348,183

  • 25 · Other liabilities

    beginning of year $904,345 · end of year $1,028,582

  • 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 $27,229,121 · end of year $32,358,064

Mission and programs · 2024

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, INC. APPROXIMATELY 10,000 INDIVIDUALS WERE TRAINED OR ASSISTED THROUGH THE ORGANIZATION'S VARIOUS PROGRAMS AND INITIATIVES.

    Expenses $18,919,525 · Grants $10,438,312 · Revenue $8,721,751

As filed on the 2024 return.

Listed in Part VII

  • Tracy Hartzler

    MEMBER/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

  • Kyle Lee

    SECRETARY

    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

  • Mark Fidel

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Henry South

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Canfield

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Bill Miera

    MEMBER (THROUGH JULY 2024)

    Total calculated
    $0
    Hours/week
    0.5

  • Dominic Pruitt

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Lorna M 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

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 NEW MEXICO COMMUNITY COLLEGE

    GOVERNMENT · HIGHER EDUCATION · NM

  • CNM HOLDINGS INC

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

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2026
IRS schema version
2024v5.5
Source object
202621259349302627

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