New Mexico State Univ Fdn
New Mexico State Univ Fdn reported $56.7 million in revenue and $26.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $64.01 went to program services, $14.32 to management and general costs and $21.67 to fundraising. Its largest source of revenue was investment income: 43.4% of the total. The highest compensation it reported for one person was $579,095 (Chief Executive Officer). 17 people received more than $100,000 in reportable compensation. Revenue rose 148% 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 $26MFor 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 $57MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 64.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 14.3% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 21.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.32 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 31.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 8.8% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $579,095 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.20% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 17 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 165.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 35 of 35 | 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 expenseIn FY25, New Mexico State University Foundation advanced its mission to support academic excellence, research innovation, and student success across the NMSU system. Through the generosity of donors and strategic stewardship of resources, the Foundation raised and managed funds that directly enriched the educational experience for thousands of students and bolstered the university's land-grant mission to serve the diverse communities of New Mexico. This year, the Foundation facilitated over $4.35 million in scholarship support, alleviating financial barriers for more than 2,850 students and…
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 |
|---|---|---|---|---|
| Chief Executive Officer Officer, 40.0 hrs/week | $477,822 | $0 | $101,273 | $579,095 |
| Former Chief Financial Officer Former, 40.0 hrs/week | $317,311 | $0 | $68,857 | $386,168 |
| Director of Talent and Culture Key employee, 40.0 hrs/week | $241,409 | $0 | $55,767 | $297,176 |
| Executive Director - Estates and Planned Giving Highest compensated employee, 40.0 hrs/week | $207,653 | $0 | $45,121 | $252,774 |
| AVP Advancement Services Key employee, 40.0 hrs/week | $183,853 | $0 | $47,865 | $231,718 |
| Director of Gift Administration Key employee, 40.0 hrs/week | $163,335 | $0 | $52,369 | $215,704 |
| AVP Philanthropy Key employee, 40.0 hrs/week | $165,249 | $0 | $23,864 | $189,113 |
| Controller Highest compensated employee, 40.0 hrs/week | $146,452 | $0 | $39,918 | $186,370 |
17 people received more than $100,000 in reportable compensation from New Mexico State Univ Fdn (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (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–1b35 · 35 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 11aNo
- Family or business ties among insiders Part VI 2Yes
- 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 14bYes
- Employees Part I, line 5116
- Volunteers Part I, line 635
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| ANGELES INVESTMENTS Investment services | $986,580 |
| Crowe LLP Accounting services | $209,714 |
| BLACKBAUD Software services | $176,387 |
| Advanced Network Management Inc It services | $133,302 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
13 private foundations reported grants to New Mexico State Univ Fdn totaling $1.2M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from New Mexico State Univ Fdn's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for New Mexico State Univ Fdn, you can publish a response that is linked from this page.
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Of every $100 New Mexico State Univ Fdn spent in FY2025, $64.01 went to programs. The full breakdown, from its IRS Form 990:
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- Kent SchoolKent, CT · revenue $57M · programs 77.1% · FY2025
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Questions people ask
How much of New Mexico State Univ Fdn's spending goes to programs?
In the fiscal year ending June 30, 2025, New Mexico State Univ Fdn reported that 64.0% of its $26.3 million in expenses went to program services, 14.3% to management and general and 21.7% to fundraising (Form 990, Part IX).
How much does New Mexico State Univ Fdn pay its top executive?
The largest total compensation New Mexico State Univ Fdn reported for one person in the fiscal year ending June 30, 2025 was $579,095, for the role of Chief Executive Officer (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Mexico State Univ Fdn get its money?
Of $56.7 million in revenue in the fiscal year ending June 30, 2025, 31.1% came from contributions and grants and 8.8% from program service revenue (Form 990, Part VIII).
Is New Mexico State Univ Fdn a registered charity?
The IRS lists EIN 85-0170157 as a 501(c)(3) organization (organization operated for a governmental college or university), 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 202631199349302028 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521309349301307 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421359349311672 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349306142 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349308818 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121379349311127 · read the filing
All filings for EIN 85-0170157: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.