UNM Foundation

Legal name: University of New Mexico Foundation Inc

Nonprofit profile at a glance

EIN
850275408
IRS 990 coverage
2017–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-T 2024
Location
Albuquerque, NM, US
Phone
(505) 313-7600
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$84,289,227
Expenses
$66,914,946
Assets
$568,787,285
Liabilities
$162,442,010

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

43 people listed

Executive titles in this filing

  • JEFFREY TODD (PRESIDENT AND CEO)
  • WILLLIAM UHER (VICE PRESIDENT OF DEVELOPMENT)
  • KRISTINE C MAZZEI (VICE PRESIDENT)
  • ANNETTE HAZEN (VICE PRESIDENT (THRU 6/30/25))
  • DEIDRE H SANDVICK (SENIOR VICE PRESIDENT OF DEVELOPMENT)
  • GRETCHEN DOYLE (SENIOR ASSOCIATE VICE PRESIDENT)

Highest reported compensation

  • JEFFREY TODD (PRESIDENT AND CEO): $507,847 total reported compensation
  • LAWRENCE RYAN (VP FOR UNIVERSITY DEVELOPMENT): $336,453 total reported compensation
  • WILLLIAM UHER (VICE PRESIDENT OF DEVELOPMENT): $331,450 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our Mission. Your Impact.

What it reported doing in 2024

The university of New Mexico foundation, inc. Enhances the educational purposes of the university of New Mexico by raising private funds for the benefit of students, faculty and programs; and invests endowment funds and other funds not immediately required to provide for long-term support of the university.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 73
  • Accountability: 95
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 76.5%; rating input score 76
  • Fundraising efficiency: $4.75 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.6%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 8.5; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 5.2%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: 8.5% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 8.3% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 81% of revenue deployed · 76.5% of spending went to programs
  • Governance: 27 of 27 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $51.2M in reported program spending
  • Leadership: top reported pay $508K · 43 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.1M reported
  • Consistency: 41 of 41 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.