Totals
- Total revenue
- $1,120,195
- Total expenses
- $738,214
- Contributions and grants received
- $1,156,366
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$36,654
- Other revenue
- $483
- Total assets, end of year
- $3,749,700
- Total liabilities, end of year
- $74,761
- Net assets or fund balances, end of year
- $3,674,939
- Program services expenses (Part IX)
- $616,468
- Management and general expenses
- $49,478
- Fundraising expenses
- $72,268
- Program service expenses (Part III)
- $616,468
Program services were 83.5% 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
$1,156,366
-
1g · Noncash contributions included above
$981
-
3 · Investment income
total $52,619 · excluded $52,619
-
7a · Gross sales of assets other than inventory
securities $361,108
-
7b · Less cost or other basis and sales expenses
securities $350,381 · other assets $100,000
-
7c · Gain or loss
securities $10,727 · other assets -$100,000
-
7d · Net gain or loss
total -$89,273 · excluded -$89,273
-
11a · Other revenue: OTHER REVENUE
total $483 · related or exempt $483
-
11e · Other revenue, total
$483
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $176,029 · program services $151,385 · management and general $12,322 · fundraising $12,322
-
7 · Other salaries and wages
total $276,779 · program services $235,203 · management and general $15,183 · fundraising $26,393
-
8 · Pension plan contributions
total $18,350 · program services $15,468 · management and general $970 · fundraising $1,912
-
9 · Other employee benefits
total $35,039 · program services $29,453 · management and general $1,772 · fundraising $3,814
-
10 · Payroll taxes
total $30,646 · program services $26,049 · management and general $1,839 · fundraising $2,758
-
11c · Fees: accounting
total $12,230 · management and general $12,230
-
11g · Fees: other
total $4,343 · program services $4,126 · fundraising $217
-
13 · Office expenses
total $102,923 · program services $89,899 · management and general $933 · fundraising $12,091
-
14 · Information technology
total $11,973 · program services $5,669 · management and general $303 · fundraising $6,001
-
16 · Occupancy
total $40,031 · program services $34,026 · management and general $2,402 · fundraising $3,603
-
19 · Conferences, conventions and meetings
total $364 · program services $291 · management and general $37 · fundraising $36
-
22 · Depreciation, depletion and amortization
total $838 · program services $712 · management and general $51 · fundraising $75
-
23 · Insurance
total $2,791 · program services $2,372 · management and general $168 · fundraising $251
-
24a · Other expenses: LAND EXPENSES
total $20,450 · program services $17,383 · management and general $1,226 · fundraising $1,841
-
24b · Other expenses: EDUCATIONAL OUTREACH
total $4,450 · program services $3,560 · fundraising $890
-
24c · Other expenses: MISCELLANEOUS
total $709 · program services $603 · management and general $42 · fundraising $64
-
24d · Other expenses: INTERNSHIP PROGRAM
total $269 · program services $269
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $86 · end of year $98
-
2 · Savings and temporary cash investments
beginning of year $454,630 · end of year $365,402
-
3 · Pledges and grants receivable
beginning of year $42,500 · end of year $40,464
-
9 · Prepaid expenses and deferred charges
end of year $48,866
-
10a · Land, buildings and equipment: cost or other basis
$849,828
-
10b · Land, buildings and equipment: accumulated depreciation
$8,159
-
10c · Land, buildings and equipment, net
beginning of year $941,292 · end of year $841,669
-
11 · Investments: publicly traded securities
beginning of year $2,119,861 · end of year $2,282,643
-
15 · Other assets
beginning of year $136,131 · end of year $170,558
-
17 · Accounts payable and accrued expenses
beginning of year $10,882 · end of year $18,986
-
25 · Other liabilities
end of year $55,775
-
27 · Net assets without donor restrictions
beginning of year $3,423,083 · end of year $3,464,671
-
28 · Net assets with donor restrictions
beginning of year $260,535 · end of year $210,268
Mission and programs · 2022
Mission
EDUCATION AND PUBLIC POLICY RESEARCH
-
IN 2022, THINK NEW MEXICO LAUNCHED A MAJOR NEW INITIATIVE TO DRAMATICALLY IMPROVE STUDENT OUTCOMES IN NEW MEXICO'S PUBLIC SCHOOLS. THINK NEW MEXICO RESEARCHED, WROTE, AND PUBLISHED A POLICY REPORT TITLED, "A ROADMAP FOR RETHINKING PUBLIC EDUCATION IN NEW MEXICO," WHICH LAID OUT A SWEEPING TEN POINT PLAN WITH 30 SEPARATE LEGISLATIVE RECOMMENDATIONS TO IMPROVE THE PERFORMANCE OF NEW MEXICO'S PUBLIC SCHOOL STUDENTS. COPIES OF THE REPORT WERE DISTRIBUTED TO NEARLY 14,000 NEW MEXICANS AS PART OF OUR EXTENSIVE PUBLIC EDUCATION EFFORTS AROUND THIS ISSUE. THINK NEW MEXICO ALSO DEVELOPED LEGISLATION TO IMPLEMENT OUR PROPOSED REFORMS AND ORGANIZED A DIVERSE COALITION OF SUPPORTERS TO ADVOCATE FOR THEM DURING THE 2023 LEGISLATIVE SESSION. DURING THE 2023 SESSION, SEVERAL OF THINK NEW MEXICO'S PROPOSED EDUCATION REFORMS WERE ENACTED, INCLUDING INCREASING LEARNING TIME FOR STUDENTS BY THE EQUIVALENT OF 27 EXTRA DAYS A YEAR FOR ELEMENTARY SCHOOL STUDENTS AND 10 EXTRA DAYS FOR MIDDLE AND HIGH SCHOOL STUDENTS, AS WELL AS SECURING FUNDING FOR HIGHER PRINCIPAL SALARIES AND FOR TEACHER RESIDENCIES, PAID YEAR-LONG EXPERIENCES IN WHICH A NEW TEACHER TEACHES ALONGSIDE AN EXPERIENCED TEACHER. IN ADDITION, IN 2022 THINK NEW MEXICO SUCCESSFULLY WON PASSAGE OF LEGISLATION IMPLEMENTING THE PRIMARY POLICY REFORM PROPOSED IN OUR 2020 POLICY REPORT TITLED, "HOW PREDATORY LENDING SWALLOWED NEW MEXICO AND WHAT WE CAN DO ABOUT IT." DURING THE 2022 LEGISLATIVE SESSION, THINK NEW MEXICO SUCCESSFULLY CHAMPIONED THE ENACTMENT OF LEGISLATION REDUCING THE MAXIMUM ANNUAL INTEREST RATE ON SMALL LOANS FROM 175% TO 36%. BASED ON DATA FROM THE STATE REGULATION AND LICENSING DEPARTMENT, WE ESTIMATE THAT THIS REFORM IS SAVING 240,000 LOW-INCOME NEW MEXICANS APPROXIMATELY 175 MILLION A YEAR. DURING THE 2022 LEGISLATIVE SESSION, THINK NEW MEXICO ALSO SUCCESSFULLY CHAMPIONED THE ENACTMENT OF LEGISLATION REPEALING THE TAX ON SOCIAL SECURITY INCOME FOR ALL MIDDLE AND LOWER INCOME SENIORS (THOSE WITH INCOMES UNDER 100,000 AS INDIVIDUALS OR 150,000 AS COUPLES). THIS WILL SAVE 115,000 NEW MEXICO SENIORS ABOUT 100 MILLION A YEAR. THINK NEW MEXICO RECOMMENDED THAT THE STATE REDUCE OR REPEAL ITS TAX ON SOCIAL SECURITY IN ITS 2019 POLICY REPORT, "SOLVING THE HIDDEN CRISIS: ACHIEVING RETIREMENT SECURITY FOR ALL NEW MEXICANS." FINALLY, IN 2022 THINK NEW MEXICO CONTINUED ITS LEADERSHIP INTERNSHIP PROGRAM, WHICH AIMS TO RETAIN A NEW GENERATION OF POTENTIAL LEADERS IN NEW MEXICO BY TEACHING THEM HOW THEY CAN MAKE A DIFFERENCE IN THEIR HOME STATE. IN 2022, THE INTERNSHIP PROGRAM SERVED FIVE STUDENTS FROM ACROSS NEW MEXICO, TRAINING THEM HOW TO DEVELOP AND ENACT SOUND PUBLIC POLICY AND INTRODUCING THEM TO KEY POLICYMAKERS AND OPINION LEADERS.
Expenses $616,468
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Clara ApodacaCLARA APODACA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Paul BardackePAUL BARDACKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Notah Begay IIINOTAH BEGAY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Garrey CarruthersGARREY CARRUTHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ladonna HarrisLADONNA HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Liddie MartinezLIDDIE MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Judith NakamuraJUDITH NAKAMURA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roberta Cooper RamoROBERTA COOPER RAMO
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Edward LujanEDWARD LUJAN
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline BacaJACQUELINE BACA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Fred Nathan JrFRED NATHAN JR
SECRETARY/EX
- Total calculated
- $176,029
- From this org
- $126,330
- From related orgs
- $0
- Other
- $49,699
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $126,330
- Bonus
- not reported
- Other
- not reported
- Deferred
- $13,000
- Nontaxable benefits
- $36,699
- Filer's total
- $176,029
-
Kristina FisherKRISTINA FISHER
ASSOCIATE DI
- Total calculated
- $126,441
- From this org
- $103,728
- From related orgs
- $0
- Other
- $22,713
- Hours/week
- 50
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
- 3 · Approval by the board or compensation committee
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202322169349300737
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