New Mexico Tech University Research Park Corporation
- Assets
- $2.4m
- Revenue
- $1.6m
- Investments
- $551.2k
- Employees
- 0
- Location
- Socorro, NM
- Founding
- 07/2014
- Data as of
- 06/2022
- EIN
- 20-1415351
Organization Overview
New Mexico Tech University Research Park Corporation is located in Socorro, NM. The organization was established in 2014. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Tech University Research Park Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, New Mexico Tech University Research Park Corporation generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $86.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMPT INDUSTRIAL AND COMMERCIAL DEVELOPMENT OF PRIVATE INDUSTRIES TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY, AND IF POSSIBLE, TO THE SOCORRO AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION MANAGES THE PATENTS DEVELOPED AT NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
PROVIDES CYBERSECURITY SERVICES THROUGH 30% OWNERSHIP IN RISKSENSE, WHICH HAD BEEN FORMED TO PRIVATIZE RESEARCH EFFORTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Van Romero President (through December 2021) | OfficerTrustee | 1 | $0 |
Callum Bell President | OfficerTrustee | 1 | $0 |
Dr Peter Anselmo Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Dr Yolanda Jones King Director | Trustee | 1 | $0 |
Dr Myrriah Tomar Director | Trustee | 1 | $0 |
Dale Dekker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,000 |
| Investment income | $6,064 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,645,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,576 |
| Fees for services: Accounting | $2,697 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,824 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,811 |
| Insurance | $0 |
| All other expenses | $14 |
| Total functional expenses | $86,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $267,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,369 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $701,090 |
| Investments—other securities | $551,150 |
| Investments—program-related | $0 |
| Intangible assets | $847,863 |
| Other assets | $0 |
| Total assets | $2,441,450 |
| Accounts payable and accrued expenses | $50,743 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $585,187 |
| Total liabilities | $635,930 |
| Net assets without donor restrictions | $1,805,520 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,441,450 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Mexico Tech University Research Park Corporation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
National Center For Women And Information Technology Boulder, CO PURPOSE: EXTENSION SERVICES GIFT FUNDS | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frank Lloyd Wright Foundation Scottsdale, AZ | $22,427,881 | $12,357,928 |
College Of Biblical Studies-Houston Houston, TX | $14,076,191 | $8,568,117 |
University Of Science & Arts Of Oklahoma Foundation Inc Chickasha, OK | $18,769,545 | $3,373,213 |
Arizona State University Research Park Inc Scottsdale, AZ | $67,696,624 | $12,610,493 |
Kings University Southlake, TX | $0 | $6,930,347 |
Amberton University Garland, TX | $60,380,717 | $9,173,181 |
Randall University Inc Moore, OK | $6,608,368 | $7,433,894 |
Stephen F Austin State University Foundation Inc Nacogdoches, TX | $115,560,450 | $21,375,091 |
Texas A&m University-Kingsville Foundation Inc Kingsville, TX | $109,298,613 | $9,889,505 |
Baptist University Of The Americas San Antonio, TX | $13,785,547 | $6,893,983 |
Texas Southern University Foundation Houston, TX | $12,702,424 | $10,949,246 |
Northwestern Oklahoma State University Foundation Inc Alva, OK | $37,011,569 | $7,714,805 |