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New Mexico Economic Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200100129 ✦ Albuquerque, NM ✦ Designated as a 501(c)(6)

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Overview

What is New Mexico Economic Development Corp?

New Mexico Economic Development Corp, based in Albuquerque, New Mexico, is a nonprofit organization dedicated to boosting the economic interests of the state and its residents. Their primary role involves promoting business growth in New Mexico, offering services such as site selection assistance, labor market analysis, job training assistance, custom research, building information, connections to regulatory authorities, and employee recruitment assistance. They also coordinate efforts between state and local economic professionals. The organization's primary mission revolves around attracting new businesses to New Mexico, contributing to the overall economic development and betterment of the state.


Official website here: www.nmpartnership.com

Is New Mexico Economic Development Corp legitimate?

New Mexico Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Mexico Economic Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $135,360
Professional Fundraising Fees: $0
Other Salaries and Wages: $268,687

For more financial information, click here


Official website here: www.nmpartnership.com

What is the mission statement of New Mexico Economic Development Corp?

The New Mexico Economic Development Corp's primary mission is centered around enhancing the economic interests of the state and its citizens. This is achieved through strategic marketing and business development initiatives. One of their key objectives is to attract new businesses to the state by providing various assistance services. These services include site selection assistance, labor market analysis, job training support, custom research, access to regulatory authorities, employee recruitment aid, and coordination among state and local economic professionals. Their ultimate goal is to contribute positively to the state's economy by attracting new businesses.


Official website here: www.nmpartnership.com

Who is the CEO of New Mexico Economic Development Corp?

Melinda Allen is the President of New Mexico Economic Development Corp.


Official website here: www.nmpartnership.com

What is the revenue of New Mexico Economic Development Corp?

New Mexico Economic Development Corp's revenue in 2022 was $1,108,730.


Official website here: www.nmpartnership.com

Who are the executives of New Mexico Economic Development Corp and what are their salaries?

The average compensation at New Mexico Economic Development Corp during 2022 was $67,341. There are 6 employees at New Mexico Economic Development Corp.


Here are 14 key members and their salaries:


Melinda Allen (President)
  • Compensation: $130,394
  • Related: $0
  • Other: $4,966
Pat Vincent-Collawn (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Johnson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cassie Arias-Ward (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alicia Keys (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clemente Sanchez (Region 1-Cha)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Digregorio (Region 1-Pre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawn Boulware (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julia Wise (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Vanderpool (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cari Lemon (Region 5-Dir)
  • Compensation: $0
  • Related: $0
  • Other: $0
Missi Currier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Heaton (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Davin Lopez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nmpartnership.com

Where can I find the form 990 for New Mexico Economic Development Corp?

New Mexico Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nmpartnership.com

Learn more at the official website: www.nmpartnership.com

Mission Statement of New Mexico Economic Development Corp

The New Mexico Economic Development Corporation is an organization dedicated to enhancing the economic well-being of both the state and its citizens. Its primary mission lies in attracting new businesses to New Mexico. To achieve this, the corporation offers a variety of services, including site selection assistance, labor market analysis, job training assistance, custom research, building information, access to regulatory authorities, employee recruitment assistance, and coordination of state and local economic professionals. By providing these services, the New Mexico Economic Development Corporation aims to promote economic development and improve the common interest of the state and its people.

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Impact




October, 2024

New Mexico Economic Development Corp significantly influences the economic landscape of New Mexico by actively promoting the state's economic interests and enhancing the well-being of its citizens. Through targeted marketing and business development programs, the organization works diligently to attract new businesses to the region.

Their services include providing site selection assistance, conducting labor market analyses, and offering job training support, ensuring that prospective businesses have a smooth transition and integration into the local economy. By delivering custom research and access to vital information on building options, regulatory authorities, and employee recruitment, they facilitate a transparent and efficient process for companies looking to establish operations in New Mexico.

Moreover, by coordinating with state and local economic professionals, the organization fosters a collaborative environment that strengthens community ties and encourages collective growth. Ultimately, New Mexico Economic Development Corp plays a crucial role in driving economic development, job creation, and community improvement throughout the state, ensuring that New Mexico remains a competitive and attractive destination for new businesses.




This information is meant to be a general summary of New Mexico Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,108,730 (2022)
Expenses
$1,180,266 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,958
  • Gross Receipts: $1,108,730

Assets and Liabilities:

  • Total Assets: $949,430
  • Total Liabilities: $111,380
  • Net Assets: $838,050

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Organization Details

Founding Year

2003

Principal Officer

Melinda Allen

Main Address

1720 LOUISIANA BLVD NE SUITE 312, ALBUQUERQUE, NM, 87110

NTEE Category

Code: S41 - Community improvement

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