THE NEW MEXICO TECH RESEARCH FOUNDATION

Address
801 LEROY PLACE
SOCORRO, NM 87801
Contact
Phone: +1 (575) 835-5658
Nonprofit
NTEE: U112
EIN: 85-0194323

Mission

PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
 20172016201520142013
Basic features of the organization
Year of formation1965
Subsection code03
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel  $52,204.00$18,497.00$100,234.00
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers1012121010
Number of highly compensated contractors0000 
Personnel
Armijo, Jerry
TitleVICE PRESIDENTVICE PRESIDENTTRUSTEE  
Name of key/compensated personJERRY A ARMIJOJERRY A ARMIJOJERRY A ARMIJO  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrue   
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Baca, Chris
TitleTRUSTEETRUSTEETRUSTEETRUSTEE 
Name of key/compensated personCHRIS BACACHRIS BACACHRIS BACACHRIS BACA 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Bursum, Holm
TitleTRUSTEETRUSTEETRUSTEETRUSTEETRUSTEE
Name of key/compensated personHOLM BURSUM IIIHOLM BURSUM IIIHOLM BURSUM IIIHOLM BURSUM IIIHOLM BURSUM III
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Cervantes, Richard
Title TRUSTEE   
Name of key/compensated person RICHARD CERVANTES   
Position of compensated person
Current individual trustee or director True   
Average hours per week working for org 1.00   
Reportable compensation from org $0.00   
Other comp, non-reportable, from org and related orgs $24,360.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $177,155.00   
Daily, Ann
Title SECRETARYSECRETARYTRUSTEETRUSTEE
Name of key/compensated person ANN MURPHY DAILYANN MURPHY DAILYANN MURPHY DAILYANN MURPHY DAILY
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrue  
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Daily, Bill
TitleTREASURER    
Name of key/compensated personBILL DAILY    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Debrine, Joanna
TitleSECRETARYTRUSTEE   
Name of key/compensated personJOANNA DEBRINEJOANNA DEBRINE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrue    
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Deju, Raul
TitleTRUSTEETRUSTEETRUSTEE  
Name of key/compensated personRAUL DEJURAUL DEJURAUL DEJU  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Foster, Colleen
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOR   
Name of key/compensated personCOLLEEN FOSTERCOLLEEN FOSTER   
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrueTrue   
Average hours per week working for org20.0020.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$27,082.00$28,446.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $103,155.00$90,371.00   
Hicks, Debra
Title    TRUSTEE
Name of key/compensated person    DEBRA HICKS
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Lamont, Charlotte
TitleASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARY
Name of key/compensated personCHARLOTTE LAMONTCHARLOTTE LAMONTCHARLOTTE LAMONTCHARLOTTE LAMONTCHARLOTTE LAMONT
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Lopez, Daniel
Title TREASURERVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT
Name of key/compensated person DANIEL H LOPEZDANIEL H LOPEZDANIEL H LOPEZDANIEL H LOPEZ
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $47,968.00$43,767.00$37,781.00$30,934.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $394,353.00$360,699.00$348,599.00$340,908.00
Marquez, Lonnie
Title  TRUSTEETRUSTEETRUSTEE
Name of key/compensated person  LONNIE MARQUEZLONNIE MARQUEZLONNIE MARQUEZ
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $32,798.00$28,294.00$23,441.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $215,809.00$212,000.00$209,232.00
McDaniel, Cleve
TitleTRUSTEE    
Name of key/compensated personCLEVE MCDANIEL    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Peterson, Wd
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personWD PETERSONWD PETERSONWD PETERSONWD PETERSONWD PETERSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org2.003.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $50,000.00$46,838.00$40,557.00$62,395.00$81,113.00
Reist, James
TitleASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARYASSISTANT SECRETARY
Name of key/compensated personJAMES REISTJAMES REISTJAMES REISTJAMES REISTJAMES REIST
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Shoemaker, Paul
TitleTRUSTEETRUSTEE   
Name of key/compensated personPAUL SHOEMAKERPAUL SHOEMAKER   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org1.001.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
Silver, Abe
Title  TRUSTEETRUSTEE 
Name of key/compensated person  ABE SILVER JRABE SILVER 
Position of compensated person
Current individual trustee or director  TrueTrue 
Average hours per week working for org  1.001.00 
Reportable compensation from org  $0.00$0.00 
Other comp, non-reportable, from org and related orgs  $0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00 
Thyssen, Alex
Title  ASSISTANT SECRETARY/TREASURERSECRETARY/TREASURERSECRETARY/TREASURER
Name of key/compensated person  ALEX THYSSENALEX THYSSENALEX THYSSEN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  1.0020.0020.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$13,761.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $40,310.00$54,412.00$86,473.00
Wells, Steven
TitleTREASURER    
Name of key/compensated personSTEVEN WELLS    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org2.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$28,459.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $161,168.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.PROMOTE SCIENCE EDUCATION AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY.
Program service expenses, total$1,954,524.00$2,198,507.00$2,743,099.00$1,010,830.00$891,610.00
Programs, including revenue & expenses
LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR ITS STUDENTS.
Program expenses    $59,932.00
Program revenue    $90,150.00
Program description    LEASES APARTMENTS TO NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY FOR ITS STUDENTS.
NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.
Program expenses $306,000.00$153,000.00$153,000.00$150,000.00
Program descriptionNEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY ASSIGNS INVENTIONS TO THE FOUNDATION, REVIEWS POTENTIAL DISCOVERIES AND APPLIES FOR PATENTS WHENEVER FEASIBLE.
PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.
Program expenses$935,083.00$910,594.00$1,253,827.00$398,949.00$340,839.00
Program descriptionPROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.PROVIDES SCHOLARSHIPS AND GRANTS TO SUPPORT STUDENTS AT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY. RECRUITING, ADVERTISING, AND OTHER ASSOCIATED ACTIVITIES ARE ALSO INCLUDED.
THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATIVE STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.
Program expenses$935,083.00$910,593.00$1,253,828.00$398,949.00$340,839.00
Program descriptionTHE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATIVE STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATIVE STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATION STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATION STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.THE FOUNDATION PROVIDES FUNDING FOR MEETING AND OTHER EVENTS FOR THE ADMINISTRATION STAFF TO SUPPORT THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY IN THESE AREAS.
Financial data
Revenue
Total revenue$840,049.00$1,922,883.00$2,296,243.00$1,528,630.00$233,739.00
Revenue from contributions (total)$321,161.00$1,242,446.00$1,859,294.00$1,230,056.00$22,768.00
Revenue from noncash contributions$163,925.00$238,465.00$618,024.00$650,056.00 
Investment income, current yr$428,738.00$582,774.00$346,522.00$157,952.00$120,821.00
Total revenue from grants, etc., current yr$321,161.00$1,242,446.00$1,859,294.00$1,230,056.00$22,768.00
Total unrelated business revenue    $0.00
Other revenue, current yr$0.00$0.00$0.00$43,581.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$90,150.00$97,663.00$90,427.00$97,041.00$90,150.00
Sources of contributions
Revenue from all other contributions$321,161.00$1,242,446.00$1,859,294.00$1,230,056.00$22,768.00
Other types of revenue
Royalties (total)   $43,581.00 
Investment income$428,738.00$532,883.00$342,322.00$157,952.00$120,821.00
Expense categories (totals)
Total functional expenses: sum of all$2,202,010.00$2,406,177.00$3,210,618.00$1,383,218.00$1,152,689.00
Total functional expenses: program service $1,954,524.00$2,198,507.00$2,743,099.00$1,010,830.00$891,610.00
Total functional expenses: management and general$247,486.00$207,670.00$467,519.00$372,388.00$261,079.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total) $1,404.00$2,862.00$4,811.00$5,767.00
Legal fees (total)$102,088.00$85,557.00$32,934.00$75,733.00$39,627.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)  $35,737.00$24,984.00$17,880.00
Assets and liabilities
Total assets$25,261,134.00$26,777,062.00$26,579,693.00$27,118,051.00$22,182,653.00
Total assets, beginning of year$26,777,062.00$26,579,693.00$27,118,051.00$22,182,653.00$20,362,328.00
Total liabilities$122,385.00$2,336,944.00$1,841,199.00$2,444,127.00$1,357,866.00
Total liabilities, beginning of year$2,336,944.00$1,841,199.00$2,444,127.00$1,357,866.00$1,190,435.00
Unrestricted net assets, end of yr$18,897,620.00$18,638,201.00$19,235,586.00$20,688,439.00$17,309,305.00
Temporarily restricted net assets$1,876,609.00$1,805,809.00$1,746,868.00$1,738,084.00$1,337,953.00
Permanently restricted net assets, end of yr$4,364,520.00$3,996,108.00$3,756,040.00$2,247,401.00$2,177,529.00
Net assets$25,138,749.00$24,440,118.00$24,738,494.00$24,673,924.00$20,824,787.00
Net assets, beginning of year$24,440,118.00$24,738,494.00$24,673,924.00$20,824,787.00$19,171,893.00
Other liabilities$57,509.00$45,834.00$0.00$806,931.00 
Intangible assets$308,212.00$177,480.00$92,357.00$21,842.00$21,842.00
Other assets $0.00$105,198.00$824,827.00$132,505.00
Investments: other securities  $1,832,269.00$1,620,637.00$1,298,828.00
Investments: publicly traded securities$22,592,919.00$23,778,722.00$21,587,402.00$21,450,604.00$17,277,456.00
Cash: non-interest bearing$38,455.00$187,796.00$39,904.00$188,863.00$623,102.00
Cash: non-interest bearing, beginning of year$187,796.00$39,904.00$188,863.00$623,102.00$252,358.00
Grants payable $2,165,028.00$1,833,776.00$1,631,784.00$1,319,506.00
Other financial variables
Revenue less expenses-$1,361,961.00-$483,294.00-$914,375.00$145,412.00-$918,950.00
Savings & temp cash investment$100,000.00$147,294.00$133,747.00$145,047.00$108,702.00
Prepaid expenses & deferred charges  $153,000.00  
Accounts payable & accrued expenses$64,876.00$126,082.00$7,423.00$5,412.00$38,360.00
Total net assets or fund balances$25,138,749.00$24,440,118.00$24,738,494.00$24,673,924.00$20,824,787.00
Depreciation, depletion, amortization$84,358.00$71,320.00$82,444.00$59,932.00$59,932.00
Governance and accountability
Number of voting members121212109
Number of independent voting members99866
Financial sheets were auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Indicators for schedules (selected)
LobbiedTrueTrueTrueTrueTrue
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change   True 
IRS schema version2016v3.02015v3.02014v6.02013v4.02012v2.1
Filing identifier201810609349301316201740399349301814201621339349301687201541349349301299201401339349302475
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