Overview
What is New Mexico Tech University Research Park Corporation?
New Mexico Tech University Research Park Corporation is a nonprofit organization situated in Socorro, New Mexico. Their primary mission is to foster industrial and commercial development within the New Mexico Institute of Mining and Technology, and if feasible, extend this growth to the Socorro area. The corporation specializes in managing patents developed at the university, aiming to stimulate partnerships and collaborations between the academic institution and private industries. By facilitating such collaborations, they contribute to economic growth and development in the region.
Is New Mexico Tech University Research Park Corporation legitimate?
New Mexico Tech University Research Park Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Tech University Research Park Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,790
For more financial information, click here
What is the mission statement of New Mexico Tech University Research Park Corporation?
The New Mexico Tech University Research Park Corporation aims to stimulate the development of private industries in the New Mexico Institute of Mining and Technology, and if feasible, extend this to the Socorro area. This organization serves to manage the patents developed at the New Mexico Institute of Mining and Technology, with the goal of promoting industrial and commercial growth. By doing so, it aims to contribute to the overall development of these industries and potentially boost the local economy.
Who is the CEO of New Mexico Tech University Research Park Corporation?
Callum Bell is the President of New Mexico Tech University Research Park Corporation.
What is the revenue of New Mexico Tech University Research Park Corporation?
New Mexico Tech University Research Park Corporation's revenue in 2022 was $1,645,926.
Who are the executives of New Mexico Tech University Research Park Corporation and what are their salaries?
There 11 volunteers at New Mexico Tech University Research Park Corporation.
Here are 17 key members and their salaries:
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- Related: $111,793
- Other: $758
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- Related: $147,775
- Other: $34,055
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- Other: $59,186
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- Other: $4,409
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- Related: $369,156
- Other: $38,477
- Compensation: $0
- Related: $256,440
- Other: $34,872
Where can I find the form 990 for New Mexico Tech University Research Park Corporation?
New Mexico Tech University Research Park Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Mexico Tech University Research Park Corporation
New Mexico Tech University Research Park Corporation, a notable entity, is dedicated to fostering industrial and commercial development within the New Mexico Institute of Mining and Technology and, if feasible, the Socorro area. In simpler terms, its primary objective is to stimulate the growth of private industries in these sectors. The corporation plays a significant role in managing patents that have been developed at the New Mexico Institute of Mining and Technology. By promoting industrial and commercial development, this organization aims to contribute to the overall development of the relevant sectors and potentially enhance the economic landscape.
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Impact
October, 2024
The New Mexico Tech University Research Park Corporation plays a pivotal role in fostering industrial and commercial development in the region, particularly in connection with the New Mexico Institute of Mining and Technology. By managing patents developed at the institute, the corporation facilitates the translation of academic research into viable business ventures, thereby enhancing local economic growth.
In its mission to promote private industry in New Mexico, the corporation attracts businesses to collaborate with the university and leverage its technological advancements. This dynamic not only fuels innovation but also creates job opportunities and encourages the establishment of new companies in the Socorro area. Through these efforts, the corporation is instrumental in strengthening the local economy and ensuring that the technological expertise cultivated at New Mexico Tech contributes to broader industrial success in the state.
This information is meant to be a general summary of New Mexico Tech University Research Park Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,064
- Program Service Revenue: $1,000
- Gross Receipts: $1,645,926
Assets and Liabilities:
- Total Assets: $2,441,450
- Total Liabilities: $635,930
- Net Assets: $1,805,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEES
Revenue
$1,000
Organization Details
Founding Year
2004
Phone
(575) 835-5658Principal Officer
Callum Bell
Main Address
801 LEROY PLACE 130, SOCORRO, NM, 87801
NTEE Category
Code: B43 - Education
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