University Of New Mexico Foundation Incorporated
- Assets
- $270.1m
- Revenue
- $53.8m
- Investments
- $197.1m
- Employees
- 79
- Location
- Albuquerque, NM
- Founding
- 01/1980
- Data as of
- 06/2020
- EIN
- 85-0275408
Organization Overview
University Of New Mexico Foundation Incorporated is located in Albuquerque, NM. The organization was established in 1980. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Of New Mexico Foundation Incorporated employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of New Mexico Foundation Incorporated 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 06/2020, University Of New Mexico Foundation Incorporated generated $53.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $46.9m during the year ending 06/2020. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNIVERSITY OF NEW MEXICO FOUNDATION, INC. ENHANCES THE EDUCATIONAL PURPOSES OF THE UNIVERSITY OF NEW MEXICO BY RAISING PRIVATE FUNDS FOR THE BENEFIT OF STUDENTS, FACULTY AND PROGRAMS; AND INVESTS ENDOWMENT FUNDS AND OTHER FUNDS NOT IMMEDIATELY REQUIRED TO PROVIDE FOR LONG-TERM SUPPORT OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Todd President And CEO | Officer | 40 | $318,537 |
Willliam Uher Vice President | Officer | 40 | $280,847 |
Lawrence Ryan Vice President | Officer | 40 | $278,029 |
Curtis Helsel COO (through 6/30/21) | Officer | 40 | $251,528 |
Patrick Allen General Counsel | Officer | 40 | $220,370 |
Kenneth Stansbury CFO & Treasurer | Officer | 40 | $199,952 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Grenzebach Glier And Associate Benchmarking And Data Consulting | 6/29/21 | $196,119 |
Northern Trust Investment Custodians | 6/29/21 | $105,121 |
Go Bonds For Higher Education Lobbying | 6/29/21 | $104,000 |
Aon Hewitt Investment Consultants | 6/29/21 | $138,140 |
The Stockade Consulting Group Inc Professional Fundraiser | 6/29/21 | $155,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,333,277 |
| Investment income | $1,714,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $71,796 |
| Net Gain/Loss on Asset Sales | $7,741,466 |
| Net Income from Fundraising Events | -$16,145 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,815,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,535,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,459,045 |
| Pension plan accruals and contributions | $536,087 |
| Other employee benefits | $646,542 |
| Payroll taxes | $485,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,098 |
| Fees for services: Accounting | $60,130 |
| Fees for services: Lobbying | $6,319 |
| Fees for services: Fundraising | $155,000 |
| Fees for services: Investment Management | $212,080 |
| Fees for services: Other | $601,515 |
| Advertising and promotion | $193,372 |
| Office expenses | $205,686 |
| Information technology | $229,994 |
| Royalties | $0 |
| Occupancy | $252,670 |
| Travel | $240,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,953 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $143,202 |
| All other expenses | $0 |
| Total functional expenses | $46,864,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,509,735 |
| Pledges and grants receivable | $1,827,368 |
| Accounts receivable, net | $238,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $716,313 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $217,229 |
| Investments—publicly traded securities | $27,491,835 |
| Investments—other securities | $197,141,882 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,574,498 |
| Total assets | $270,142,035 |
| Accounts payable and accrued expenses | $2,010,724 |
| Grants payable | $0 |
| Deferred revenue | $361,929 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,303,787 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,361,569 |
| Total liabilities | $38,038,009 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $232,104,026 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of New Mexico Foundation Incorporated has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Clampitt Foundation Dallas, TX PURPOSE: EDUCATIONAL | $2,500 |
Endowment Analysis
| Beg. Balance | $228,138,458 |
| Earnings | $70,153,193 |
| Admin Expense | $4,102,175 |
| Net Contributions | $17,001,713 |
| Grants | $11,491,811 |
| Ending Balance | $299,699,378 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oklahoma State University Foundation Stillwater, OK | $1,286,594,622 | $191,009,042 |
Texas Tech Foundation Inc Lubbock, TX | $840,921,024 | $55,341,496 |
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |