Northern New Mexico College Foundation

Organization Overview

Northern New Mexico College Foundation is located in Espanola, NM. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Northern New Mexico College Foundation 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 06/2019, Northern New Mexico College Foundation generated $357.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $174.4k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

INCREASE, MANAGE, AND DISTRIBUTE RESOURCES FOR THE BENEFIT OF THE STUDENTS, THE COLLEGE, AND THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS ARE AWARDED TO QUALIFIED STUDENTS. 105 STUDENTS WERE AWARDED SCHOLARSHIPS TO ATTEND NORTHERN NEW MEXICO COLLEGE IN THE CURRENT AWARDS CYCLE, FALL OF 2019. THIS PROGRAM IS SUPPORTED BY A VOLUNTEER COMMITTEE COMPOSED OF 22 DONORS, FACULTY, AND COMMUNITY LEADERS, WHO RANK AND RATE THE SCHOLARSHIP APPLICANTS AND REVIEW AND CRITIQUE THE PROCESS.


PASS-THROUGH GRANTS AND OTHER COLLEGE SUPPORT SERVICES. THE FOUNDATION CREATES INDIVIDUAL, SPECIAL FUNDS FOR VARIOUS COLLEGE GROUPS, ENTITIES, AND DEPARTMENTS SUCH AS THE COLLEGE OF ENGINEERING AND THE HUMANITIES DEPARTMENT AS A WAY TO PROVIDE NONPROFIT SERVICES FOR UNIQUE REVENUES RECEIVED ON THEIR BEHALF. THESE INCOMES INCLUDE GRANTS, IN-KIND GIFTS AND DONATIONS OF CASH.


SPECIAL PROJECTS AND OTHER SUPPORT SERVICES. THE FOUNDATION PROVIDES OVERSIGHT, MANAGEMENT, LOGISTICS, FINANCE AND STAFFING SUPPORT FOR SPECIAL PROJECTS.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$70,740
Investment income $107,866
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $99,019
Net Income from Fundraising Events $79,567
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $357,192

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Northern New Mexico College Foundation has recieved totaling $7,500.

Awarding OrganizationAmount
Arizona Foundation For Educational Advancement

Phoenix, AZ

PURPOSE: ENSURE STUDENT SUCCESS BY PROVIDING ACCESS TO AFFORDABLE LEARNING OPPORTUNITIES MEETING EDUCATIONAL, CULUTURAL & ECONOMIC NEEDS OF THE REGION

$5,000
Naranjo Ewbank Family Foundation

Spicewood, TX

PURPOSE: SUPPORT

$2,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,679,615
Earnings$206,885
Net Contributions$169,123
Grants$156,232
Ending Balance$3,899,391

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