Southeast New Mexico College Foundation Inc
Nonprofit profile at a glance
- EIN
- 992115955
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Carlsbad, NM, USA
- Phone
- 5752349210
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Philanthropy, Charity, Voluntarism Promotion
Reported finances
- Revenue
- $94,995
- Expenses
- $7,197
- Assets
- $87,798
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- Missi Currier (Chairman)
- Chad Ingram (Treasurer)
- Ekta Bhakta (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Corporation is organized exclusively for charitable and educational purposes within the meaning of Section 501 (c)(3) of the Internal Revenue Code of 1986, or corresponding section of any future Internal Revenue Code. The Corporation's mission is to encourage, solicit, receive, and administer gifts and bequests, in the form of property or funds, for scientific, educational, and charitable purposes in the advancement of Southeast New Mexico College. The Corporation shall have the power to do all lawful acts which may be necessary, desirable, or proper for the furtherance of the mission of the Corporation.
What it reported doing in 2024
Raised the $6,000 to pay for the marketing campaign for the statewide higher education General Obligation Bond vote in November 2024.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 42
- Transparency & Controls: 100
- Sustainability: 81
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 7.6%; rating input score 8
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 92.4%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 12.2; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 7.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 4 filed schedules
- Contacts: How to reach this organization
- 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 — Financial Efficiency: Mission deployment rate scored 8/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.