New Mexico Highlands University Foundation Inc

Organization Overview

New Mexico Highlands University Foundation Inc is located in Las Vegas, NM. The organization was established in 1986. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 Highlands University Foundation Inc 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 06/2021, New Mexico Highlands University Foundation Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $700.7k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, New Mexico Highlands University Foundation Inc has awarded 18 individual grants totaling $4,045,922. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SOLICIT, RECEIVE AND MANAGE CONTRIBUTIONS FOR THE BENEFIT OF THE UNIVERSITY AND ITS STUDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES SCHOLARSHIP AWARDS AND RESEARCH GRANTS TO STUDENTS ATTENDING NEW MEXICO HIGHLANDS UNIVERSITY.


THE FOUNDATION SOLICITS, RECEIVES AND MANAGES FUNDS CONTRIBUTED BY INDIVIDUALS, FOUNDATIONS, CORPORATIONS AND OTHERS FOR THE BENEFIT OF NEW MEXICO HIGHLANDS UNIVERSITY, ITS FACULTY, AND ITS STUDENTS. THE FOUNDATION ALSO PROVIDES FACILITIES FOR THE UNIVERSITY'S RIO RANCHO, NM CAMPUS.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Cassidy
Treasurer
$0
Dr Carlotta E Lockmiller
President
$0
Vince Marchi
Vice President
$0
Viola Martinez
Secretary
$0
Theresa Law
Executive Director
$0
Tina M Cordova
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$1,750
Fundraising events$811
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,742,563
Noncash contributions included in lines 1a–1f $346,610
Total Revenue from Contributions, Gifts, Grants & Similar$1,745,124
Total Program Service Revenue$382,882
Investment income $192,842
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$8,402
Net Income from Fundraising Events -$96,337
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,216,109

Grants Awarded

Over the last fiscal year, New Mexico Highlands University Foundation Inc has awarded $418,266 in support to 2 organizations.

Grant RecipientAmount

NEW MEXICO HIGHLANDS UNIVERSITY

Org PageRecipient Profile

Las Vegas, NM

PURPOSE: OTHER UNIVERSITY SUPPORT

$225,747

NEW MEXICO HIGHLANDS UNIVERSITY

Org PageRecipient Profile

Las Vegas, NM

PURPOSE: SCHOLARSHIPS AND RESEARCH GRANTS FOR STUDENTS

$192,519
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that New Mexico Highlands University Foundation Inc has recieved totaling $1,000.

Awarding OrganizationAmount
Naranjo Ewbank Family Foundation

Spicewood, TX

PURPOSE: SCHOLARSHIP

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,880,558
Earnings$2,532,039
Admin Expense$13,321
Net Contributions$101,896
Other Expense$103,627
Grants$151,406
Ending Balance$11,246,139

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