Overview
What is University Of New Mexico Foundation Inc?
The University of New Mexico Foundation Inc, located at 700 Lomas Blvd NE 108, Albuquerque, New Mexico, 87102, is a nonprofit organization dedicated to enhancing the educational purposes of the University of New Mexico. They raise private funds for the benefit of students, faculty, and programs, and invest endowment funds and other resources for long-term support of the university. The foundation aims to create meaningful engagements and partnerships to increase philanthropy, investment, innovation, and support for the University of New Mexico. With a team of 91 employees, the foundation plays a vital role in the growth and improvement of the university.
Official website here: www.unmfund.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The University of New Mexico Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With an overall score derived entirely from a strong accountability and finance score of 97%, the foundation demonstrates effective management of its financial resources.
Strengths of the foundation include a fully independent board of 29 members, excellent oversight with no reported material diversion of assets, and comprehensive policies in place regarding conflict of interest and whistleblowing. The organization also exhibits strong financial metrics, such as a program expense ratio of 79.65% and a fundraising efficiency ratio of $0.14, indicating that a significant portion of its funds is directed toward its programs.
While the foundation appears to be in robust financial standing, the analysis does not provide specific feedback regarding any limitations or challenges faced by the organization. Overall, the University of New Mexico Foundation Inc is positioned as a trustworthy and effective nonprofit in managing its funds and supporting its mission.
This AI summary has been generated from information found on Charity Navigator.
Is University Of New Mexico Foundation Inc legitimate?
University Of New Mexico Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of New Mexico Foundation Inc 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: $1,950,021
Professional Fundraising Fees: $169,745
Other Salaries and Wages: $6,323,122
For more financial information, click here
Official website here: www.unmfund.org
What is the mission statement of University Of New Mexico Foundation Inc?
The University of New Mexico Foundation Inc fosters robust engagements and collaborations that result in increased philanthropy, investment, innovation, and support for the University of New Mexico. By raising private funds, the Foundation contributes to the educational objectives of the university, benefiting students, faculty, and programs. Additionally, it manages endowment funds and other resources not currently required, ensuring long-term financial stability for the institution.
Official website here: www.unmfund.org
Who is the CEO of University Of New Mexico Foundation Inc?
Jeffrey Todd is the Chair of University Of New Mexico Foundation Inc. The CEO's salary of University Of New Mexico Foundation Inc is $356,875 and their total compensation is $409,168.
Official website here: www.unmfund.org
What is the revenue of University Of New Mexico Foundation Inc?
University Of New Mexico Foundation Inc's revenue in 2022 was $103,141,341.
Official website here: www.unmfund.org
Who are the executives of University Of New Mexico Foundation Inc and what are their salaries?
The average compensation at University Of New Mexico Foundation Inc during 2022 was $90,914. There are 91 employees and 26 volunteers at University Of New Mexico Foundation Inc.
Here are 40 key members and their salaries (University Of New Mexico Foundation Inc's CEO's salary is $356,875 and their total compensation is $409,168):
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- Compensation: $356,875
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Official website here: www.unmfund.org
Where can I find the form 990 for University Of New Mexico Foundation Inc?
University Of New Mexico Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unmfund.org
Learn more at the official website: www.unmfund.org
Mission Statement of University Of New Mexico Foundation Inc
The University of New Mexico Foundation Inc plays a crucial role in enhancing the educational purposes of the University of New Mexico. By raising private funds, this organization supports students, faculty, and programs at the university. The funds collected are not only used for immediate requirements but also invested for long-term support.
In simple terms, the University of New Mexico Foundation Inc fosters powerful engagements and partnerships to boost philanthropy, investment, innovation, and support for the University of New Mexico. It achieves this mission by increasing private funding for the benefit of students, faculty, and programs at the university. Furthermore, the foundation invests endowment funds and other funds not immediately required to ensure long-term support for the university.
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Impact
October, 2024
The University Of New Mexico Foundation Inc plays a crucial role in enhancing the educational mission of the University of New Mexico by raising private funding that directly supports students, faculty, and various programs. Through its efforts, the Foundation creates meaningful partnerships and encourages philanthropic contributions that bolster investment in innovation and educational resources.
By managing endowment and other funds, the Foundation ensures long-term financial support for the university, allowing it to maintain and expand its programs and services. This commitment to fostering engagement within the community helps strengthen the university's academic environment, ultimately benefiting the wider Albuquerque region and beyond. The Foundation's impact extends to enhancing educational opportunities, promoting academic excellence, and contributing to the personal and professional development of students and faculty alike.
This information is meant to be a general summary of University Of New Mexico Foundation Inc. 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: $24,867,461
- Program Service Revenue: $8,405,901
- Gross Receipts: $109,718,232
Assets and Liabilities:
- Total Assets: $393,610,862
- Total Liabilities: $99,276,076
- Net Assets: $294,334,786
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNM CONTRACT SERVICE REVENUE
Revenue
$5,447,608
DEVELOPMENT FUNDING ALLOCATION
Revenue
$2,958,293
Organization Details
Founding Year
1979
Phone
(505) 313-7600Principal Officer
Jeffrey Todd
Main Address
700 LOMAS BLVD NE 108, ALBUQUERQUE, NM, 87102
Website
www.unmfund.orgNTEE Category
Code: B110 - Education
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