Totals
- Total revenue
- $44,713
- Total expenses
- $701,073
- Contributions and grants received
- $43,738
- Grants paid
- $15,469
- Program service revenue
- $0
- Investment income
- $807
- Other revenue
- $168
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $560,149
- Management and general expenses
- $93,411
- Fundraising expenses
- $47,513
- Program service expenses (Part III)
- $560,149
Program services were 79.9% 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
$43,738
-
3 · Investment income
total $807 · excluded $807
-
11a · Other revenue: OTHER REVENUE
total $168 · related or exempt $168
-
11e · Other revenue, total
$168
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,469 · program services $15,469
-
5 · Compensation of officers, directors and key employees
total $11,000 · management and general $6,000 · fundraising $5,000
-
7 · Other salaries and wages
total $349,792 · program services $294,231 · management and general $23,311 · fundraising $32,250
-
9 · Other employee benefits
total $36,316 · program services $29,125 · management and general $4,494 · fundraising $2,697
-
10 · Payroll taxes
total $34,555 · program services $28,256 · management and general $2,805 · fundraising $3,494
-
11b · Fees: legal
total $9,753 · management and general $9,753
-
11c · Fees: accounting
total $27,895 · management and general $27,895
-
11g · Fees: other
total $59,971 · program services $50,849 · management and general $8,963 · fundraising $159
-
13 · Office expenses
total $5,328 · program services $3,624 · management and general $1,413 · fundraising $291
-
14 · Information technology
total $22,515 · program services $22,500 · management and general $15
-
16 · Occupancy
total $32,454 · program services $25,433 · management and general $5,077 · fundraising $1,944
-
17 · Travel
total $3,710 · program services $3,701 · management and general $9
-
19 · Conferences, conventions and meetings
total $643 · program services $114 · management and general $143 · fundraising $386
-
23 · Insurance
total $16,042 · program services $11,674 · management and general $3,474 · fundraising $894
-
24a · Other expenses: REFUND OF GRANT FUNDS
total $51,378 · program services $51,378
-
24b · Other expenses: SOFTWARE & PUBLISHING
total $11,274 · program services $11,274
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $5,135 · program services $4,902 · management and general $59 · fundraising $174
-
24d · Other expenses: TELEPHONE
total $4,835 · program services $4,611 · fundraising $224
-
24e · All other expenses
total $3,008 · program services $3,008
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $119,178
-
2 · Savings and temporary cash investments
beginning of year $145,939
-
3 · Pledges and grants receivable
beginning of year $385,000
-
4 · Accounts receivable
beginning of year $29,820
-
9 · Prepaid expenses and deferred charges
beginning of year $11,555
-
15 · Other assets
beginning of year $17,553
-
17 · Accounts payable and accrued expenses
beginning of year $34,465
-
25 · Other liabilities
beginning of year $18,220
-
27 · Net assets without donor restrictions
beginning of year $475,099
-
28 · Net assets with donor restrictions
beginning of year $181,261
Mission and programs · 2025
Mission
SEARCHLIGHT NEW MEXICO NEWS DELIVERS HIGH-IMPACT INVESTIGATIVE REPORTING TO INSPIRE NEW MEXICANS TO DEMAND ACTION ON SYSTEMIC PROBLEMS THAT PLAGUE NEW MEXICO.
-
IN AUGUST 2025 SEARCHLIGHT'S BOARD OF DIRECTORS ELECTED TO WIND UP ITS OPERATION AND DISTRIBUTE ITS NET ASSETS TO A PUBLIC CHARITY, EFFECTING A CORPORATE DISSOLUTION AS REQUIRED BY ITS BYLAWS AND NEW MEXICO STATUTES. SEARCHLIGHT PERCEIVES ITS MISSION IS BEST CONTINUED BY TRANSFERRING ALL OF ITS REMAINING ASSETS, AND RELATED OBLIGATIONS TO NEW MEXICO COMMUNITY FOUNDATION FOR THE BENEFIT AND USE OF THE FUND.NMF SERVES AS THE FISCAL AGENT FOR THE FUND. THE FUND IS A FISCALLY SPONSORED FUND OF THE NEW MEXICO FOUNDATION AND WAS FORMED AND ESTABLISHED WITH NMF IN 2024, THE FUND IS A PHILANTHROPIC INITIATIVE OF THE 175-YEAR-OLD SANTA FE NEW MEXICAN. IN ACCORDANCE WITH NMSA 1978, SECTION 53-08-48, SEARCHLIGHT HEREBY ELECTS TO TRANSFER ITS NET ASSETS TO NMF, AND ON BEHALF OF THE FUND.
Expenses $560,149 · Grants $15,469
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Martin KaiserMARTIN KAISER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Raymond RiveraRAYMOND RIVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Daniel YohalemDANIEL YOHALEM
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Sylvia Ramos CruzSYLVIA RAMOS CRUZ
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rick RodriguezRICK RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristina MelchorKRISTINA MELCHOR
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Don TemplinDON TEMPLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Allen HellerELIZABETH ALLEN HELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick HerrmanRICK HERRMAN
EX.DIRECTOR
- Total calculated
- $11,000
- From this org
- $11,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
NEW MEXICO COMMUNITY FOUNDATION
$15,469
VALUE NA TRANSFERRED
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
3 distributions to recipients named as people, $122,527 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 31 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202630919349300813
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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