Overview
What is Southeastern New Mexico Economic Development District?
The Southeastern New Mexico Economic Development District is a nonprofit organization situated in Roswell, New Mexico. Its primary mission is to augment the regional economic foundation, ultimately providing quality employment opportunities for local residents. The organization accomplishes this by facilitating collaborations among federal and state agencies, major economic interests, and citizen groups. Through information dissemination, area-wide and local planning, direct technical assistance, intergovernmental coordination, and training, they strive to optimize regional capabilities. Their projects encompass solid waste management, water and sewer system enhancements, business retention, assistance, job development and aid, public buildings, and transportation-related initiatives. They also assist member governments in planning for significant capital improvements and securing federal and state aid for required capital infrastructure projects. Additionally, the organization offers capacity building and technical assistance to nearly 60 water cooperatives, mutual domestic water associations, and water and sanitation districts in the region. Serving all 26 local governments in southeastern New Mexico, the organization annually assists approximately 250,000 clients. Each year, they produce a comprehensive economic development strategy for southeastern New Mexico, and through the economic development program, they complete projects for various municipalities within the region.
Official website here: www.snmedd.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating. This rating signifies that the Southeastern New Mexico Economic Development District demonstrates a fair level of accountability and finance management, with a significant focus on its financial practices.
The organization received a perfect score for several critical aspects, including board independence and financial statements. It has an independent board comprised of 96% independent members and maintains transparency in its financial reporting with audited statements. Notably, the program expense ratio is robust at 79.30%, indicating a substantial portion of resources is directed toward its mission-related activities.
However, a limitation noted is the absence of a whistleblower policy, which may raise concerns regarding internal oversight and protection for individuals reporting unethical practices. Despite this, the organization shows a strong commitment to accountability through well-documented policies and procedures. Overall, while the Southeastern New Mexico Economic Development District has solid governance practices, addressing the identified limitation could enhance its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Southeastern New Mexico Economic Development District legitimate?
Southeastern New Mexico Economic Development District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southeastern New Mexico Economic Development District 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: $100,991
Professional Fundraising Fees: $0
Other Salaries and Wages: $200,249
For more financial information, click here
Official website here: www.snmedd.com
What is the mission statement of Southeastern New Mexico Economic Development District?
The Southeastern New Mexico Economic Development District's primary mission is to enhance the regional economic foundation, which plays a crucial role in providing quality employment opportunities for the local population. This is achieved by facilitating collaboration between federal and state agencies, significant economic interests, and community groups for future economic planning. The district accomplishes this through various means such as disseminating information, area-wide and local planning, direct technical assistance, intergovernmental coordination, and training. One of its significant functions involves optimally utilizing regional capabilities. The organization's projects span across various sectors, including solid waste management, water and sewer system improvements, business retention, and job development assistance, among others. Additionally, the district aids member governments in planning major capital improvements, securing federal and state aid for necessary infrastructure projects, and providing capacity building and technical assistance. Serving all 26 local governments in the region, the organization annually assists approximately 250,000 clients through these local governments and various water cooperatives. Every year, the organization produces a comprehensive economic development strategy for Southeastern New Mexico.
Official website here: www.snmedd.com
Who is the CEO of Southeastern New Mexico Economic Development District?
Dora Batista is the President of Southeastern New Mexico Economic Development District.
Official website here: www.snmedd.com
What is the revenue of Southeastern New Mexico Economic Development District?
Southeastern New Mexico Economic Development District's revenue in 2022 was $701,590.
Official website here: www.snmedd.com
Who are the executives of Southeastern New Mexico Economic Development District and what are their salaries?
The average compensation at Southeastern New Mexico Economic Development District during 2022 was $60,248. There are 5 employees and 31 volunteers at Southeastern New Mexico Economic Development District.
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Official website here: www.snmedd.com
Where can I find the form 990 for Southeastern New Mexico Economic Development District?
Southeastern New Mexico Economic Development District's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.snmedd.com
Learn more at the official website: www.snmedd.com
Mission Statement of Southeastern New Mexico Economic Development District
The Southeastern New Mexico Economic Development District, abbreviated as SNMEDD, is dedicated to enhancing the regional economic foundation, a crucial element responsible for providing decent job opportunities to local residents. This organization's fundamental mission is to fortify the economic base, ensuring a steady flow of quality employment opportunities within the region.
To accomplish this, SNMEDD engages member government units in collaborative efforts with federal and state agencies, major economic interests, and citizen groups. They plan for future economic development through information dissemination, area-wide and local planning, direct technical assistance, intergovernmental coordination, and training. One of SNMEDD's significant functions involves the optimal utilization of regional capabilities, encompassing projects such as solid waste, water and sewer system improvements, business retention, job development, and transportation-related initiatives.
In addition, SNMEDD assists member governments in planning major capital improvements, procuring federal and state aid for essential capital infrastructure projects, and providing capacity building and technical assistance. The organization serves all 26 local governments in Southeastern New Mexico and offers services to nearly 60 water cooperatives, mutual domestic water associations, and water and sanitation districts in the region. Through local governments, SNMEDD serves approximately 250,000 clients annually. Each year, the organization produces a new comprehensive economic development strategy for Southeastern New Mexico, furthering its mission to strengthen the regional economic base.
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Impact
July, 2024
The Southeastern New Mexico Economic Development District plays a vital role in strengthening the regional economic base of Southeastern New Mexico. By providing member government units with the opportunity to collaborate with federal and state agencies, major economic interests, and citizen groups, the district helps to plan for future economic development in the region.
The organization's impact is evident in various projects it undertakes, including solid waste management, water and sewer system improvements, business retention and assistance, job development, public infrastructure projects, and transportation initiatives. By optimizing regional capabilities and assisting member governments in planning major capital improvements and securing federal and state aid for infrastructure projects, the district contributes to the overall economic growth and development of the region.
Furthermore, by serving all 26 local governments in Southeastern New Mexico, as well as providing services to numerous water cooperatives and associations, the organization reaches approximately 250,000 clients annually. Through its comprehensive economic development strategy, the district facilitates economic progress and job creation in the region.
Overall, the Southeastern New Mexico Economic Development District's impact is substantial, as it actively works to enhance economic opportunities, improve infrastructure, and support community improvement efforts in Southeastern New Mexico.
This information is meant to be a general summary of Southeastern New Mexico Economic Development District. 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: $82
- Program Service Revenue: $229,718
- Gross Receipts: $701,590
Assets and Liabilities:
- Total Assets: $416,592
- Total Liabilities: $474,863
- Net Assets: -$58,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT AND FEES
Revenue
$229,718
Organization Details
Founding Year
1971
Phone
(575) 624-6131Principal Officer
Dora Batista
Main Address
1600 SE MAIN ST D1, ROSWELL, NM, 88203
Website
www.snmedd.comNTEE Category
Code: S30 - Community improvement
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