Overview
What is New Space New Mexico?
New Space New Mexico is a 501(c)(3) nonprofit organization based in Albuquerque, New Mexico, specifically at 2104 Dietz Place NW. Their mission is to foster a commercial space ecosystem in New Mexico by making connections, advocating for stakeholders, and preparing for the future. They do this through their co-innovation hub, Unite & Ignite Space, which offers workspaces, equipment, programming, rapid prototyping and demonstration, and resources needed for innovation and rapid progress. Additionally, they provide access to space ecosystem knowledge, host public events, and networking opportunities. They also offer navigation services that provide tailored guidance and direct assistance to fast-track business growth, and collaborative innovation services that ignite product and solution development. Overall, their work is funded by grants and aimed at moving the space industry forward and providing opportunities to a greater number of participants and potential participants.
Official website here: www.newspacenexus.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
New Space New Mexico has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has a strong governance structure with 100% independent board members, it lacks crucial financial transparency, as evidenced by the absence of posted financial statements and the failure to meet several accountability standards.
The nonprofit does demonstrate a high commitment to program spending, with 85.45% of its expenses directed towards its programs. This suggests that when funds are available, they are primarily used for their intended purpose, which is a positive aspect of their operations. The organization also has policies in place for conflict of interest and maintains board meeting minutes, which contributes to some level of governance integrity.
However, the lack of a whistleblower policy, document retention policy, and published tax documents on their website raises red flags about their overall transparency and adherence to best practices in nonprofit management. These gaps may lead to concerns among potential donors and stakeholders about the organization's financial health and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is New Space New Mexico legitimate?
New Space New Mexico is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Space New Mexico 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: $239,529
Professional Fundraising Fees: $0
Other Salaries and Wages: $215,972
For more financial information, click here
Official website here: www.newspacenexus.com
What is the mission statement of New Space New Mexico?
New Space New Mexico, a non-profit organization, aims to accelerate the pace of space innovation by uniting and igniting the industry. Through their co-innovation hub, Unite & Ignite Space, they provide stakeholders with access to workspaces, equipment, programming, rapid prototyping and demonstration, and resources necessary for innovation and rapid progress. Their mission is to foster an entrepreneurial, business-focused commercial space ecosystem by making connections, advocating for stakeholders, and preparing for the future. They conduct various studies, funded by grants, for the purpose of moving the space industry forward and providing opportunities to a greater number of participants and potential participants.
Official website here: www.newspacenexus.com
Who is the CEO of New Space New Mexico?
Casey Anglada Deraad is the Ceo of New Space New Mexico. The CEO's salary of New Space New Mexico is $231,204 and their total compensation is $239,529.
Official website here: www.newspacenexus.com
What is the revenue of New Space New Mexico?
New Space New Mexico's revenue in 2022 was $2,056,537.
Official website here: www.newspacenexus.com
Who are the executives of New Space New Mexico and what are their salaries?
The average compensation at New Space New Mexico during 2022 was $56,938. There are 8 employees and 6 volunteers at New Space New Mexico.
Here are 7 key members and their salaries (New Space New Mexico's CEO's salary is $231,204 and their total compensation is $239,529):
- Compensation: $231,204
- Related: $0
- Other: $8,325
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newspacenexus.com
Where can I find the form 990 for New Space New Mexico?
New Space New Mexico's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newspacenexus.com
Learn more at the official website: www.newspacenexus.com
Mission Statement of New Space New Mexico
New Space New Mexico, a 501(c)(3) non-profit organization, is a catalyst for accelerating the pace of space innovation by uniting and igniting the industry. The organization's mission is to foster an entrepreneurial, business-focused commercial space ecosystem by making connections, advocating for stakeholders, and preparing for the future.
Through its flagship initiative, Unite & Ignite Space, New Space New Mexico offers a co-innovation hub that provides access to workspaces, equipment, programming, rapid prototyping and demonstration, and resources needed for innovation and rapid progress. The services offered include access to space ecosystem knowledge, public events, and networking; navigation services that provide tailored guidance and direct assistance to fast-track business growth; and collaborative innovation services that ignite product and solution development.
In essence, New Space New Mexico is dedicated to creating an environment that nurtures and supports the growth of the space industry. By offering a range of services and resources, the organization aims to make the space industry more accessible and inclusive, thereby providing opportunities to a greater number of participants and potential participants.
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Impact
June, 2024
New Space New Mexico's impact can be seen in the acceleration of space innovation through its unique co-innovation hub, Unite & Ignite Space. By providing access to workspaces, equipment, programming, rapid prototyping, and resources essential for innovation and progress, New Space New Mexico is catalyzing the growth of the space industry. Their services, ranging from knowledge sharing and networking events to tailored guidance for business growth and collaborative innovation support, are empowering stakeholders to develop new products and solutions. Additionally, the organization's studies funded by grants are facilitating the advancement of the space industry and expanding opportunities for a broader range of participants. Overall, New Space New Mexico is fostering an entrepreneurial and business-focused commercial space ecosystem in New Mexico, preparing for the future and advocating for stakeholders in the industry.
This information is meant to be a general summary of New Space New Mexico. 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.
- Program Service Revenue: $43,041
- Gross Receipts: $2,056,537
Assets and Liabilities:
- Total Assets: $580,191
- Total Liabilities: $558,941
- Net Assets: $21,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$43,041
Organization Details
Founding Year
2019
Phone
(505) 235-5141Principal Officer
Casey Anglada Deraad
Main Address
2104 DIETZ PLACE NW, ALBUQUERQUE, NM, 87107
Website
www.newspacenexus.comNTEE Category
Code: C99 - Environment
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