Western New Mexico University Foundation
- Assets
- $14.9m
- Revenue
- $823.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Silver City, NM
- Founding
- 03/1986
- Data as of
- 06/2021
- EIN
- 85-0305630
Organization Overview
Western New Mexico University Foundation is located in Silver City, NM. The organization was established in 1986. According to its NTEE Classification (B43) the organization is classified as: Universities, 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. Western New Mexico University 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 06/2021, Western New Mexico University Foundation generated $823.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $511.3k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, MAINTAIN, AND ADMINISTER ASSETS FOR THE BENEFIT OF WESTERN NEW MEXICO UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS, AWARDS AND GRANTS FOR WNMU STUDENTS, FACULTY AND STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Lawyer Treasurer | OfficerTrustee | 2 | $0 |
Dr Richard Rodriguez Secretary | OfficerTrustee | 2 | $0 |
Linda Mcgee President | OfficerTrustee | 2 | $0 |
William Perkins Past President | OfficerTrustee | 2 | $0 |
Jodi Edens-Crocker Executive Director | Officer | 40 | $0 |
Dr Thomas E Hines Director | Trustee | 2 | $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 | $492,052 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $492,052 |
| Total Program Service Revenue | $0 |
| Investment income | $110,072 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $221,481 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $823,605 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,439 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,766 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,352 |
| Fees for services: Other | $0 |
| Advertising and promotion | $16,628 |
| Office expenses | $27,957 |
| Information technology | $38,765 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,228 |
| Insurance | $4,370 |
| All other expenses | $0 |
| Total functional expenses | $511,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,662,768 |
| Savings and temporary cash investments | $7,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $292,394 |
| Investments—publicly traded securities | $11,431,478 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,462,911 |
| Total assets | $14,861,306 |
| Accounts payable and accrued expenses | $16,610 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $767,138 |
| Total liabilities | $783,748 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $14,077,558 |
| Total liabilities and net assets/fund balances | $14,861,306 |
Grants Awarded
Over the last fiscal year, Western New Mexico University Foundation has awarded $103,347 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WESTERN NM UNIVERSITY PURPOSE: Scholarships | $103,097 |
WESTERN NM UNIVERSITY PURPOSE: Program support | $250 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Western New Mexico University Foundation has recieved totaling $51,648.
| Awarding Organization | Amount |
|---|---|
Brindle Foundation Santa Fe, NM PURPOSE: TO SUPPORT THE PROGRAM'S INFANT AND TODDLER TEACHERS TO OBTAIN INFANT MENTAL HEALTH ENDORSEMENT THROUGH REFELCTIVE SUPERVISION | $25,000 |
The Bingaman Foundation Wilmington, DE PURPOSE: THE JESSE & BETH BINGAMAN SCHOLARSHIP FUND FOR SCIENCE | $21,000 |
Written In Red Inc Artesia, NM PURPOSE: SCHOLARSHIP | $3,000 |
Lapan Sunshine Foundation Inc Tucson, AZ PURPOSE: SCHOLARSHIPS AND EDUCATIONAL EXPENSES | $1,648 |
Con Alma Health Foundation Santa Fe, NM PURPOSE: HEALTHCARE | $1,000 |
Endowment Analysis
| Beg. Balance | $10,215,672 |
| Earnings | $3,061,087 |
| Net Contributions | $276,939 |
| Other Expense | $361,823 |
| Grants | $144,671 |
| Ending Balance | $13,047,204 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Wesleyan University Fort Worth, TX | $187,144,342 | $108,798,845 |
Westminster College Salt Lake City, UT | $228,140,724 | $82,856,817 |
Hardin-Simmons University Abilene, TX | $364,651,432 | $94,074,650 |
Austin College Sherman, TX | $297,085,241 | $79,413,708 |
Our Lady Of The Lake University Of San Antonio San Antonio, TX | $113,222,017 | $76,356,070 |
Concordia University Texas Austin, TX | $144,062,806 | $77,596,323 |
Letourneau University Longview, TX | $118,292,663 | $66,156,893 |
Southern Nazarene University Bethany, OK | $123,009,250 | $68,249,636 |
East Texas Baptist University Marshall, TX | $165,907,529 | $69,149,691 |
The University Of Texas Texas A M Investment Management Company Austin, TX | $52,069,429 | $55,635,723 |
The American University Of Paris Inc Denver, CO | $83,974,222 | $36,441,184 |
Howard Payne University Brownwood, TX | $111,822,248 | $40,380,501 |