Southeastern New Mexico Economic Development District

Organization Overview

Southeastern New Mexico Economic Development District is located in Roswell, NM. The organization was established in 1983. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Southeastern New Mexico Economic Development District employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeastern New Mexico Economic Development District 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, Southeastern New Mexico Economic Development District generated $701.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $645.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FUNDAMENTAL MISSION OF THE SNMEDD IS TO STRENGTHEN THE REGIONAL ECONOMIC BASE, WHICH IS RESPONSIBLE FOR PROVIDING QUALITY JOBS TO AREA RESIDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE DISTRICT PROVIDES MEMBER GOVERNMENT UNITS THE OPPORTUNITY TO WORK WITH REPRESENTATIVES OF FEDERAL AND STATE AGENCIES, MAJOR ECONOMIC INTERESTS, AND CITIZEN GROUPS TO PLAN FOR FUTURE ECONOMIC DEVELOPMENT. THE DISTRICT ACCOMPLISHES THIS THROUGH INFORMATION DISSEMINATION, AREA WIDE AND LOCAL PLANNING, DIRECT TECHNICAL ASSISTANCE, INTERGOVERNMENTAL COORDINATION, AND TRAINING. ONE OF THE MOST IMPORTANT FUNCTIONS OF THE ORGANIZATION INVOLVES THE OPTIMAL UTILIZATION OF REGIONAL CAPABILITIES. PROJECTS INCLUDED ARE SOLID WASTE, WATER AND SEWER SYSTEM IMPROVEMENTS, BUSINESS RETENTION, BUSINESS ASSISTANCE, JOB DEVELOPMENT AND ASSISTANCE, PUBLIC BUILDINGS AND TRANSPORTATION RELATED INITIATES. THE DISTRICT ALSO HELPS MEMBER GOVERNMENTS WITH PLANNING OF MAJOR CAPITAL IMPROVEMENTS, PROCURING FEDERAL AND STATE AID FOR NEEDED CAPITAL INFRASTRUCTURE PROJECTS AND CAPACITY BUILDING AND TECHNICAL ASSISTANCE. THE ORGANIZATION SERVES ALL 26 LOCAL GOVERNMENTS IN SOUTHEASTERN NEW MEXICO AND ALSO PROVIDES SERVICES TO NEARLY 60 WATER CO-OPS, MUTUAL DOMESTIC WATER ASSOCIATIONS, AND WATER AND SANITATION DISTRICTS IN THE REGION. THROUGH LOCAL GOVERNMENTS, THE ORGANIZATION SERVES APPROXIMATELY 250,000 CLIENTS ANNUALLY. EVERY YEAR THE ORGANIZATION PRODUCES A NEW COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY FOR SOUTHEASTERN NEW MEXICO.THROUGH THE ECONOMIC DEVELOPMENT PROGRAM, THE ORGANIZATION COMPLETED PROJECTS FOR THE CITY OF ARTESIA, TOWN OF LAKE ARTHUR, CITY OF RUIDOSO DOWNS, CHAVES COUNTY, CITY OF ROSWELL, LINCOLN COUNTY, TOWN OF TATUM, VILLGE OF CORONA, VILLAGE OF HOPE, AND THE TOWN OF HAGERMAN.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Dora Batista
Secretary/executive Direct
$96,320
Mike Gallagher
President
$0
Pamela Heltner
Vice President
$0
Tony Garcia
Treasurer
$0
Ysidro Salazar
Board Member
$0
Ray Dean
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$102,790
Fundraising events$0
Related organizations$0
Government grants $369,000
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$471,790
Total Program Service Revenue$229,718
Investment income $82
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 $701,590

Create an account to unlock the data you need.

or