New Mexico Leadership Institute
- Assets
- $11.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Santa Fe, NM
- Founding
- Data as of
- 12/2017
- EIN
- 36-4728786
Organization Overview
New Mexico Leadership Institute is located in Santa Fe, NM. New Mexico Leadership Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE INSTITUTE WILL FIND AND EDUCATE NEW MEXICO'S BEST AND BRIGHTEST STUDENTS. WE WILL ASK THESE SCHOLARS TO BECOME TRANSFORMATIVE LEADERS, PROVIDING THEM WITH OPPORTUNITIES FOR ACADEMIC SCHOLARSHIP AND EXPERIENTIAL LEARNING. WE WILL THEN ENCOURAGE THEM TO STAY IN NEW MEXICO TO USE THEIR INNER TALENTS AND NEW ABILITIES TO IMPROVE THEIR COMMUNITIES AND STATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STUDENTS WITH THE ESSENTIAL TOOLS ASSOCIATED WITH EFFECTIVE LEADERSHIP, INCENTIVIZING STUDENTS TO BECOME FUTURE LEADERS IN NEW MEXICO THROUGH THE AWARDING OF $25,000 FOUR-YEAR SCHOLARSHIPS TO 30-35 HIGH SCHOOL JUNIORS WHO ARE EXPECTED TO ATTAIN CERTAIN ACADEMIC AND PERFORMANCE STANDARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Burrell Chairman | OfficerTrustee | 1 | $0 |
Katherine Burrell President | OfficerTrustee | 1 | $0 |
Robin Smith Executive Director, Treasu | OfficerTrustee | 15 | $30,000 |
Warren Sacks Secretary | OfficerTrustee | 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 | $0 |
| Investment income | $0 |
| 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 | $0 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $275,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,759 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,909 |
| 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 | $146 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $317,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,927 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,927 |
| Accounts payable and accrued expenses | $6,397 |
| 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 | $200,408 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,374 |
| Total liabilities | $208,179 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | -$196,252 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$196,252 |