New Mexico Leadership Institute

Nonprofit profile at a glance

EIN
364728786
IRS 990 coverage
2016–2017
Forms available
Form 990 2017
Location
Santa Fe, NM, USA
Phone
5052192810
Rating confidence
Limited
Sector
Leadership Development

Official website

Reported finances

Revenue
$0
Expenses
$317,814
Assets
$11,927
Liabilities
$208,179

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KATHERINE BURRELL (PRESIDENT)
  • ROBIN SMITH (EXECUTIVE DIRECTOR, TREASU)

Highest reported compensation

  • ROBIN SMITH (EXECUTIVE DIRECTOR, TREASU): $30,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The institute will find and educate New Mexico's best and brightest students. We will ask these scholars to become transformative leaders, providing them with opportunities for academic scholarship and experiental earning. We will then encourage them to stay in New Mexico to use theirinner talents and new abilities to improve their communities and state.

What it reported doing in 2017

Providing students with the essential tools associated with effective leadership, incentivizing students to become future leaders in New Mexico through the awarding of $25,000 four-year scholarships to 30-35 high school juniors who are expected to attain certain academic and performance standards.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 93
  • Accountability: 10
  • Sustainability: 4
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 96.9%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0.04; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 17.45; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: -3.9% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: -200% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -166.4% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 96.9% of spending went to programs
  • Governance: 0 of 4 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $308K in reported program spending
  • Leadership: top reported pay $30K · 4 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 2 filing years from 2016 to 2017
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.