Nmc
Also known as New Mexico Consortium
Nmc reported $18.4 million in revenue and $17.5 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.72 went to program services, $9.28 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 93.3% of the total. The highest compensation it reported for one person was $260,036 (RESEARCH SCI). 7 people received more than $100,000 in reportable compensation. Revenue fell 3% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $18MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.2% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 93.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $260,036 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.49% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 7 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseScientific research and collaborative programs with institutional and industrial teams who coordinate and lead collaborative research projects in the following areas: 1. The ultrascale systems research center (usrc) is a collaborative center focused on research to support high performance computing at exascale and beyond, established to foster collaboration in exascale research. 2. Nasa van allen probes mission science support (nasa). 3. Funds to local universities and colleges in support for the improvement of capabilities, course materials, and experience-based academic learning that leads…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| RESEARCH SCI Highest compensated employee, 40.00 hrs/week | $243,246 | $0 | $16,790 | $260,036 |
| CEO Officer, 40.00 hrs/week | $228,612 | $0 | $26,316 | $254,928 |
| RESEARCH SCI Highest compensated employee, 40.00 hrs/week | $210,882 | $0 | $41,223 | $252,105 |
| RESEARCH SCI Highest compensated employee, 40.00 hrs/week | $177,763 | $0 | $21,219 | $198,982 |
| COO Officer, 40.00 hrs/week | $164,100 | $0 | $34,382 | $198,482 |
| RESEARCH SCI Highest compensated employee, 40.00 hrs/week | $170,868 | $0 | $17,842 | $188,710 |
| CFO Officer, 40.00 hrs/week | $150,270 | $0 | $27,995 | $178,265 |
7 people received more than $100,000 in reportable compensation from Nmc (Part VII, line 2). Compensation of current officers, directors and key employees totaled $543K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 590
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| QUERA COMPUTING INC Software | $1,350,000 |
| D-WAVE COMMERCIAL INC Software | $350,000 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Nmc's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Nmc, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Nmc spent in FY2025, $90.72 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Nmc's spending goes to programs?
In the fiscal year ending June 30, 2025, Nmc reported that 90.7% of its $17.5 million in expenses went to program services, 9.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Nmc pay its top executive?
The largest total compensation Nmc reported for one person in the fiscal year ending June 30, 2025 was $260,036, for the role of RESEARCH SCI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Nmc get its money?
Of $18.4 million in revenue in the fiscal year ending June 30, 2025, 5.8% came from contributions and grants (including 1.2% from government grants) and 93.3% from program service revenue (Form 990, Part VIII).
Is Nmc a registered charity?
The IRS lists EIN 26-0370262 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601069349301045 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531269349302408 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411069349300146 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301229349301735 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202220979349301127 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202101339349304320 · read the filing
All filings for EIN 26-0370262: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.