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NEW MEXICO MILITARY INSTITUTE FOUNDATION INC

EIN 85-6010718 ROSWELL, NM

Browse the largest nonprofits in New Mexico

Revenue 2024
$5,187,499
Expenses 2024
$3,146,838

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B90
Classification
1000
Street
101 W COLLEGE BLVD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships; and to promote generally the growth, welfare, and maintenance of NMMI.

Activities or mission (Part I)

The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships and to promote generally the growth, welfare, and maintenance of NMMI.

  • The NMMI Foundation maintains about 180 endowed scholarship funds and over 20 annual donor scholarship funds for the benefit of NMMI cadets. Earnings from the endowments and annual donations are paid directly to NMMI to provide scholarships to NMMI cadets at the high school and junior college level. The scholarships have varying criteria specified by the donors; for example scholarships may include merit-based and/or need-based requirements. NMMI has established a Scholarship Committee that facilitates the fair and impartial granting of all scholarships in accordance with NMMI policies and procedures and donor stipulations. NMMI estimates that nearly 98% of cadets in the junior college program receive some form of financial assistance, which includes scholarship funding. Nearly 85% of the high school cadets receive some scholarship assistance. NMMI's maximum capacity is about 1,000 cadets. 308 cadets received scholarships from Foundation provided funds in the 2024-2025 school year. It is estimated that 350 cadets will receive scholarships during the 2025-2026 school year.

    Expenses $1,199,338 · Grants $1,199,338

  • The NMMI Foundation maintains approximately 20 endowments whereby earnings are used to fund NMMI Leadership Reaction Course programs, Low/High Ropes Course facilities, leadership salaries and benefits and general Leadership projects and activities. The Daniels Leadership Center (DLC) serves the entire Corps of Cadets each year through use of state of the art technologies, classrooms and course facilities. Programs and services are provided to internal and external constituencies and include the Low/High Ropes Course and the Leadership Reaction Course which provide leadership challenges and growth to both cadets and professionals. These facilities help build self confidence, trust and teamwork in challenges that teach, test and reinforce sound leadership practices. These facilities are used throughout the entire school year.

    Expenses $328,367 · Grants $328,367

  • The NMMI Foundation maintains more than ten endowments and several annual funds whereby earnings and annual donations are used to provide support for NMMI academic programs. Expenditures for these programs include support for faculty stipends, classroom equipment, information technology equipment and software, band equipment, library subscriptions, supplies and other related academic programs and projects.

    Expenses $263,248 · Grants $263,248

  • Other program services support was used for NMMI athletic programs, cadet activities, institutional advancement, faculty and staff programs, recruiting and admissions programs, alumni relations support and other NMMI programs.

    Expenses $935,335 · Grants $935,335

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Jimmy Barnes

    President & CEO

    Total calculated
    $126,813
    From this org
    $126,813
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jesus Salazar

    Immediate Past Chairman

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Barbe Jr

    Chairman

    Total calculated
    $0
    Hours/week
    5

  • Dr Jesus R Ramos Garza

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Kim Greaves

    Vice Chairman

    Total calculated
    $0
    Hours/week
    2

  • Kevin O Butler

    Member

    Total calculated
    $0
    Hours/week
    1

  • Thomas E Jennings

    NMMI Regent Member

    Total calculated
    $0
    Hours/week
    1

  • Christina Maria Montoya

    NMMI Regent Member

    Total calculated
    $0
    Hours/week
    1

  • BG Voris W McBurnette NMMI Supt

    Ex Officio Member

    Total calculated
    $0
    Hours/week
    1

  • Claire E Chase

    Member

    Total calculated
    $0
    Hours/week
    1

  • Dr Earl A Tres Latimer III

    Member

    Total calculated
    $0
    Hours/week
    1

  • Gregory D Sampson

    NMMI Regent Appointment

    Total calculated
    $0
    Hours/week
    1

  • George M Yates

    Member

    Total calculated
    $0
    Hours/week
    1

  • Frank Spencer III

    Treasurer

    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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $5,187,499
    Expenses
    $3,146,838
    Contributions
    $1,629,448
    Grants paid
    $2,560,718
  • 2023
    Revenue
    $4,351,683
    Expenses
    $2,862,695
    Contributions
    $1,684,048
    Grants paid
    $2,253,088
  • 2022
    Revenue
    $8,432,637
    Expenses
    $2,704,733
    Contributions
    $3,049,994
    Grants paid
    $2,129,562

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $5,073,152
    Expenses
    $2,342,210
    Assets (EOY)
    $72,248,308

  • 2020 · 990

    Revenue
    $2,696,137
    Expenses
    $2,275,432
    Assets (EOY)
    $81,497,366

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

  • New Mexico Military Institute

    $1,199,338

    2024 NMMI Cadet Scholarships

  • New Mexico Military Institute

    $1,122,808

    2023 NMMI Cadet Scholarships

  • New Mexico Military Institute

    $881,222

    2022

  • New Mexico Military Institute

    $332,549

    2023 Leadership Program Operations

  • New Mexico Military Institute

    $328,367

    2024 Leadership Programs and Operations

  • New Mexico Military Institute

    $292,112

    2022

  • New Mexico Military Institute

    $263,248

    2024 Academic Programs and Projects

  • New Mexico Military Institute

    $224,811

    2022

  • New Mexico Military Institute

    $214,497

    2023 Academic Programs and Projects

  • New Mexico Military Institute

    $200,000

    2024 Intermediate Preparatory Academy Operations Support

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • Charitable Remainder Unitrust (2)

    T · Charitable Remainder Unitrust · NM

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.