New Mexico Manufacturing Extension Partnership
- Assets
- $3.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Albuquerque, NM
- Founding
- 05/2001
- Data as of
- 12/2021
- EIN
- 85-0469162
Organization Overview
New Mexico Manufacturing Extension Partnership is located in Albuquerque, NM. The organization was established in 2001. 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 12/2021, New Mexico Manufacturing Extension Partnership employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Manufacturing Extension Partnership 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 12/2021, New Mexico Manufacturing Extension Partnership generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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 HELP THE EXISTING MANUFACTURING AND BUSINESS COMMUNITY STRENGTHEN THEIR INDUSTRY COMPETITIVENESS NATIONALLY AND GLOBALLY WHILE DEVELOPING A GLOBALLY COMPETITIVE WORKFORCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AN EDUCATIONAL EXTENSION PROGRAM THAT ASSISTED 86 SMALL MANUFACTURERS LOCATED IN NEW MEXICO TO APPLY ADVANCED PRODUCTION TECHNIQUES AND STATE OF THE ART TECHNOLOGIES TO THEIR BUSINESS MANAGEMENT PRACTICES AND PRODUCTION OPERATIONS. ADDITIONALLY 105 MANUFACTURERS WERE SERVICED BY THE ORGANIZATION'S EMPLOYEES THROUGH THE NMSBA PROGRAM FOR A TOTAL OF 191 ASSISTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Sinsabaugh Chief Exec O | Officer | 55 | $145,000 |
Sara Douglas Finance Dir | Officer | 25 | $50,790 |
Tammy Mccarty Finance Dir | Officer | 25 | $24,375 |
Chris Christy Vice Chairma | OfficerTrustee | 2 | $0 |
Craig Mayberry President/ch | OfficerTrustee | 2 | $0 |
John Rockwell III Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Regional Development Corporation Program Extension | 12/30/16 | $125,000 |
Michael Appel Dba Midstate Electric Construction Services | 12/30/16 | $164,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,869,391 |
| 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 | $1,869,391 |
| Total Program Service Revenue | $831,223 |
| Investment income | $0 |
| 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 | $2,700,614 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $247,322 |
| Compensation of current officers, directors, key employees. | $61,410 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $542,186 |
| Pension plan accruals and contributions | $38,530 |
| Other employee benefits | $69,569 |
| Payroll taxes | $55,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,491 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $634,755 |
| Advertising and promotion | $137,556 |
| Office expenses | $258,717 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $104,116 |
| Travel | $39,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $72,116 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,823 |
| Insurance | $13,412 |
| All other expenses | $0 |
| Total functional expenses | $2,364,719 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,397,225 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $808,940 |
| Accounts receivable, net | $118,346 |
| 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 | $31,343 |
| Net Land, buildings, and equipment | $141,545 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,388 |
| Total assets | $3,504,787 |
| Accounts payable and accrued expenses | $110,097 |
| Grants payable | $0 |
| Deferred revenue | $36,186 |
| 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 | $0 |
| Total liabilities | $146,283 |
| Net assets without donor restrictions | $3,358,504 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,504,787 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that New Mexico Manufacturing Extension Partnership has recieved totaling $61,500.
| Awarding Organization | Amount |
|---|---|
Oregon Manufacturing Extension Partnership Inc Portland, OR PURPOSE: PROJECT SERVICES | $30,750 |
Oregon Manufacturing Extension Partnership Inc Portland, OR PURPOSE: PROJECT SERVICES | $30,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Visit Salt Lake Salt Lake City, UT | $7,092,794 | $14,927,768 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Region 10 League For Economic Assistance & Planning Inc Montrose, CO | $16,331,779 | $8,034,942 |
Cplc Nevada Inc Phoenix, AZ | $8,204,824 | $6,300,794 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |