Eastern New Mexico University Foundation

Organization Overview

Eastern New Mexico University Foundation is located in Portales, NM. The organization was established in 1979. 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.

For the year ending 06/2020, Eastern New Mexico University Foundation generated $2.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Eastern New Mexico University Foundation has awarded 12 individual grants totaling $7,953,402. 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

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION IS A NONPROFIT CHARITABLE ORGANIZATION ASSOCIATED WITH EASTERN NEW MEXICO UNIVERSITY. ITS MISSION IS TO PROVIDE PRIVATE FUNDING FOR THOSE PROGRAMS AND SCHOLARSHIPS NOT COVERED BY STATE APPROPRIATIONS, AND TO BUILD ACCEPTANCE AND SUPPORT FOR THE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INSTITUTIONAL SUPPORT FUNDS PAID TO VARIOUS DEPARTMENTS OF EASTERN NEW MEXICO UNIVERSITY FOR THE DEVELOPMENT AND CONDUCT OF STUDENT ACTIVITIES


SCHOLARSHIP FUNDS PAID TO INDIVIDUALS IN THE FORM OF SCHOLARSHIPS TO EASTERN NEW MEXICO UNIVERSITY


LEGISLATIVE FUNDS USED FOR TRAVEL AND PRINTING TO INFORM LEGISLATIVE BODIES ABOUT THE ACTIVITIES OF EASTERN NEW MEXICO UNIVERSITY


CHARITABLE GIFT ANNUITITY DISTRIBUTIONS. DISTRIBUTIONS RELATING TO PLANNED GIVING WHEREBY THE WHEREBY THE DONOR AGREES TO TRANSFER CASH OR PROPERTY TO THE FOUNDATION IN EXCHANGE FOR A PARTIAL TAX DEDUCTION AND A LIFETIME STREAM OF ANNUAL INCOME FROM THE FOUNDATION. WHEN THE DONOR DIES, THE FOUNDATION KEEPS THE GIFT.


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Board, Officers & Key Employees

Name (title)Compensation
Leo Lovett
Vice President
$0
Stephen Doerr
President
$0
Buck Wilson
Treasurer
$0
Renee Neely
Secretary
$0
Noelle Bartl
Executive Director
$0
Scott Smart
Director Ex Officio
$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$1,649,899
Noncash contributions included in lines 1a–1f $32,064
Total Revenue from Contributions, Gifts, Grants & Similar$1,649,899
Total Program Service Revenue$0
Investment income $1,153,174
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 $2,803,073

Grants Awarded

Over the last fiscal year, Eastern New Mexico University Foundation has awarded $1,009,071 in support to 2 organizations.

Grant RecipientAmount

EASTERN NEW MEXICO UNIVERSITY

PURPOSE: INSTITUTIONAL SUPPORT

$512,345

EASTERN NEW MEXICO UNIVERSITY

PURPOSE: SCHOLARSHIPS TO INDIVIDUALS

$496,726
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Eastern New Mexico University Foundation has recieved totaling $12,000.

Awarding OrganizationAmount
Daniels Fund

Denver, CO

PURPOSE: BOUNDLESS OPPORTUNITY SCHOLARSHIP

$10,000
John-Christophe Schlesinger Foundation

Pound Ridge, NY

PURPOSE: CHARITABLE

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,658,852
Earnings$748,595
Net Contributions$756,616
Other Expense$292,373
Ending Balance$18,871,690

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