Form 990 for tax year 2023
Filed by NEW MEXICO JUNIOR COLLEGE FOUNDATION.
Totals
- Total revenue
- $1,719,597
- Total expenses
- $1,204,198
- Contributions and grants received
- $294,106
- Grants paid
- $530,537
- Program service revenue
- $0
- Investment income
- $1,416,368
- Other revenue
- $9,123
- Total assets, end of year
- $14,971,686
- Total liabilities, end of year
- $298,249
- Net assets or fund balances, end of year
- $14,673,437
- Program services expenses (Part IX)
- $530,537
- Management and general expenses
- $673,661
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $530,537
Program services were 44.1% 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.
-
1c · Fundraising events
$11,120
-
1f · All other contributions, gifts and grants
$282,986
-
3 · Investment income
total $857,123 · excluded $857,123
-
5 · Royalties
total $20,423 · excluded $20,423
-
7a · Gross sales of assets other than inventory
securities $1,186,658
-
7b · Less cost or other basis and sales expenses
securities $627,413
-
7c · Gain or loss
securities $559,245
-
7d · Net gain or loss
total $559,245 · excluded $559,245
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$11,120
-
8b · Fundraising events: direct expenses
$19,369
-
8c · Net income from fundraising events
total -$19,369 · excluded -$19,369
-
11a · Other revenue: OTHER INCOME
total $8,069 · related or exempt $8,069
-
11e · Other revenue, total
$8,069
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $194,507 · program services $194,507
-
2 · Grants to domestic individuals
total $336,030 · program services $336,030
-
11f · Fees: investment management
total $627,413 · management and general $627,413
-
13 · Office expenses
total $205 · management and general $205
-
22 · Depreciation, depletion and amortization
total $10,167 · management and general $10,167
-
23 · Insurance
total $1,194 · management and general $1,194
-
24a · Other expenses: GOODWILL/PROMO EXP
total $34,682 · management and general $34,682
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $30 · end of year $30
-
2 · Savings and temporary cash investments
beginning of year $1,605,169 · end of year $1,781,353
-
4 · Accounts receivable
beginning of year $17,016 · end of year $33,830
-
10a · Land, buildings and equipment: cost or other basis
$58,203
-
10c · Land, buildings and equipment, net
beginning of year $58,203 · end of year $58,203
-
11 · Investments: publicly traded securities
beginning of year $11,552,756 · end of year $12,919,397
-
15 · Other assets
beginning of year $189,040 · end of year $178,873
-
17 · Accounts payable and accrued expenses
beginning of year $10,865 · end of year $40,005
-
25 · Other liabilities
beginning of year $117,505 · end of year $258,244
-
27 · Net assets without donor restrictions
beginning of year $296,402 · end of year $373,268
-
28 · Net assets with donor restrictions
beginning of year $12,997,442 · end of year $14,300,169
Mission and programs · 2023
Mission
SEE SCHEDULE O.
Activities or mission (Part I)
SEE SCHEDULE O
-
"FUNDS IN THE AMOUNT OF $336,030 WERE PAID FOR MISCELLANEOUS SCHOLARSHIPS AWARDED TO APPROXIMATELY 335 STUDENTS."
Expenses $336,030 · Grants $336,030
-
$161,868 WAS PAID TO NEW MEXICO JUNIOR COLLEGE AND OTHER VENDORS FOR ASSISTANCE WITH VARIOUS PROGRAMS WHICH INCLUDED: STUDENT LEARNING EVENTS, PROMOTION OF COMMUNITY AWARENESS WITH REGARD TO NMJC INITIATIVES, ATHLETIC PROGRAMS, RECOGNITION FOR ANNUAL OUTSTANDING NMJC FACULTY AND STAFF OF THE YEAR AWARDS, AND OTHER NMJC INITIATIVES.
Expenses $161,868 · Grants $161,868
-
FUNDS IN THE AMOUNT OF $32,639 WERE PAID FOR WORK-STUDY POSITIONS TO 10 STUDENTS.
Expenses $32,639 · Grants $32,639
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rosie InsilanROSIE INSILAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Allyson RobertsALLYSON ROBERTS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Rachel GallagherRACHEL GALLAGHER
SECRETARY
- Total calculated
- $118,837
- From this org
- $0
- From related orgs
- $0
- Other
- $118,837
- Hours/week
- 40
-
Josh MorganJOSH MORGAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25
-
Rosa ArandaROSA ARANDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Pat ChappellePAT CHAPPELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Aaron ForristerAARON FORRISTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Megan GallegosMEGAN GALLEGOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joshua GrasshamJOSHUA GRASSHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Robert GuthrieROBERT GUTHRIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Lisa HardisonLISA HARDISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Guy KesnerGUY KESNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael RaburnMICHAEL RABURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Gene StricklandGENE STRICKLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Heather DavisHEATHER DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
David WhittenDAVID WHITTEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Summer WrightSUMMER WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Isaac HolguinISAAC HOLGUIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Bianca SalinasBIANCA SALINAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Dr Derek MooreDR DEREK MOORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Genia MillerGENIA MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Becca TitusBECCA TITUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
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 JUNIOR COLLEGE
$0
PROGRAM ASSISTANCE
-
NEW MEXICO JUNIOR COLLEGE
$0
WORK-STUDY
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.
-
NEW MEXICO JUNIOR COLLEGE
170(B)(1)(II) · NM
-
4947(A)(1) · NM
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
LEA COUNTY STUDENT HOUSING LLC
NM
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 30 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349304094
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