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Nonprofiteer
← NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC

Form 990 for tax year 2023

Filed by NEW MEXICO CENTER FOR ECONOMIC OPPORTUNITY INC.

Totals

Total revenue
$1,519,774
Total expenses
$274,995
Contributions and grants received
$1,519,426
Grants paid
$0
Program service revenue
$0
Investment income
$348
Other revenue
$0
Total assets, end of year
$1,300,632
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$1,300,632
Program services expenses (Part IX)
$256,684
Management and general expenses
$18,311
Fundraising expenses
$0
Program service expenses (Part III)
$256,684

Program services were 93.3% 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.

  • 1e · Government grants (contributions)

    $1,050,926

  • 1f · All other contributions, gifts and grants

    $468,500

  • 3 · Investment income

    total $348 · excluded $348

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,527 · program services $1,500 · management and general $7,027

  • 11g · Fees: other

    total $130,319 · program services $130,319

  • 12 · Advertising and promotion

    total $42,182 · program services $42,182

  • 13 · Office expenses

    total $21,690 · program services $11,321 · management and general $10,369

  • 16 · Occupancy

    total $600 · management and general $600

  • 17 · Travel

    total $7,923 · program services $7,608 · management and general $315

  • 19 · Conferences, conventions and meetings

    total $5,426 · program services $5,426

  • 22 · Depreciation, depletion and amortization

    total $58,328 · program services $58,328

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $38,853 · end of year $805,138

  • 4 · Accounts receivable

    beginning of year $17,000 · end of year $59,500

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

    $494,322

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

    $58,328

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $435,994

  • 27 · Net assets without donor restrictions

    beginning of year $55,853 · end of year $1,300,632

Mission and programs · 2023

Mission

TO DEVELOP BEST PRACTICE, DATA DRIVEN RESEARCH AND PROGRAMS TO HELP GROW AND DIVERSIFY OUR STATE'S ECONOMY AND WORKFORCE.

Activities or mission (Part I)

TO HELP GROW AND DIVERSIFY OUR STATE'S ECONOMY AND WORKFORCE.

  • BE PRO BE PROUD CAREER TECHNICAL EDUCATION ENGAGEMENT PROGRAM CALLED "BE PRO BE PROUD". USES A SEMI-TRUCK AND TRAILER TO PROVIDE TECHNICAL CAREER SIMULATORS TO JUNIOR HIGH AND HIGH SCHOOL STUDENTS IN NEW MEXICO. PROGRAM IN DEVELOPMENT AND CONSTRUCTION, LAUNCHED IN SCHOOLS OCTOBER / NOVEMBER 2023.

    Expenses $251,129

  • ECONOMIC SECTOR CONVENINGS - SUPPORTING NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT AND THE DEPARTMENT OF WORFORCE SOLUTIONS IN CONVENING BUSINESS AND WORKFORCE STAKEHOLDERS AND PUBLISHING A REPORT ON THE FINDINGS OF THE CONVENINGS IN THE NINE INDUSTRY SECTORS IDENTIFIED FOR GROWTH IN THE STATE'S TWENTY YEAR ECONMIC STRATEGY.

    Expenses $326

  • LEGISLATIVE SYMPOSIUM SERIES - QUARTERLY EDUCATIONAL SERIES SUPPORTING A BI-PARTISAN GROUP OF LEGISLATORS WITH BEST PRACTICE POLICY RESEARCH AND EXPERTS IN KEY ECONOMIC DEVELOPMENT AREAS INCLUDING INFRASTRUCTURE, EDUCATION AND WORKFORCE, AND ENTREPRENURIAL ECOSYSTEM DEVELOPMENT.

    Expenses $5,229

  • GREEN & SUSTAINABLE ENERGY SECTOR - FOCUSES ON EXAMINING THE OPPORTUNITIES, CHALLENGES, STRATEGIES AND THE METRICS FOR SUCCESS FOR THE RENEWABLE ENERGY INDUSTRY IN NEW MEXICO.

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

    SECRETARY & GENERAL COUNSE

    Total calculated
    $0
    Hours/week
    2

  • DEENA CRAWLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BOB DIGNEO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ASHLEY WAGNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ROB LEMING

    PRESIDENT & CEO, CHAIR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202541349349313504

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