Skip to content
ProPublica Donate
ProPublica Donate

New Mexico Tech Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$5.95M (2023)

Expenses
$3.71M (2023)

Total Assets
$41M (2023)

Total Liabilities
$288k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,945,035
Expenses
$3,708,912
Net Income
$2,236,123
Net Assets
$40,749,250
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,035,454
84.7%
Program Services $100,733
1.7%
Investment Income $808,848
13.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $91,667
2.5%
Other Salaries and Wages $0
Assets/Debt
Total Assets $41,037,147
Total Liabilities $287,897
Net Assets $40,749,250
Compensation
Key Employees and Officers Compensation Related Other
Dr Stephen Wells (Trustee (Through March 2023)) $0 $378,164 $40,510
Dr Cleve Mcdaniel (Trustee (Through March 2023)) $0 $270,020 $61,289
Dr Nelia Dunbar (Trustee) $0 $189,457 $39,389
Clinton Marrs (President) $0 $0 $0
Jeffrey Corey (Vice President) $0 $0 $0
Borden Putnam Iii (Treasurer/Secretary) $0 $0 $0
Jerry A Armijo (Trustee) $0 $0 $0
Richard Cervantes (Trustee) $0 $0 $0
William Daily (Trustee) $0 $0 $0
Joanna Debrine (Trustee) $0 $0 $0
Dr Raul Deju (Trustee) $0 $0 $0
Raven Goswick (Trustee) $0 $0 $0
Dr Daniel Lopez (Trustee) $0 $0 $0
Lisa Noell (Trustee) $0 $0 $0
Geraldine Rivera (Trustee) $0 $0 $0
Colleen Foster (Executive Director) $0 $144,128 $28,215

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,517,298
Expenses
$3,211,554
Net Income
-$694,256
Net Assets
$36,637,300
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,684,567
66.9%
Program Services $87,900
3.5%
Investment Income $744,831
29.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $108,333
3.4%
Other Salaries and Wages $0
Assets/Debt
Total Assets $38,498,574
Total Liabilities $1,861,274
Net Assets $36,637,300
Compensation
Key Employees and Officers Compensation Related Other
Clinton Marrs (President) $0 $0 $0
Jeffrey Corey (Vice President) $0 $0 $0
Borden Putnam Iii (Treasurer/Secretary) $0 $0 $0
Dr Cleve Mcdaniel (Trustee) $0 $261,637 $59,186
Dr Nelia Dunbar (Trustee) $0 $147,775 $34,055
Dr Raul Deju (Trustee) $0 $0 $0
Dr Stephen Wells (Trustee) $0 $369,156 $38,477
Geraldine Rivera (Trustee) $0 $0 $0
Jerry A Armijo (Trustee) $0 $0 $0
Joanna Debrine (Trustee) $0 $0 $0
Lisa Noell (Trustee) $0 $0 $0
Raven Goswick (Trustee) $0 $0 $0
William Daily (Trustee) $0 $0 $0
M Pat Miller (Trustee (Through March 2022)) $0 $0 $0
Matthew Silva (Trustee (Through March 2022)) $0 $0 $0
Colleen Foster (Executive Director) $0 $137,916 $26,098

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,982,677
Expenses
$2,609,363
Net Income
$5,373,314
Net Assets
$40,798,677
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,818,802
85.4%
Program Services $90,150
1.1%
Investment Income $1,073,725
13.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $83,332
3.2%
Other Salaries and Wages $0
Assets/Debt
Total Assets $40,798,875
Total Liabilities $198
Net Assets $40,798,677
Compensation
Key Employees and Officers Compensation Related Other
Dr Stephen Wells (Trustee) $0 $362,925 $37,492
Dr Cleve Mcdaniel (Trustee) $0 $260,028 $59,130
Clinton Marrs (Trustee) $0 $0 $0
Borden Putnam Iii (Trustee) $0 $0 $0
Dr Raul Deju (Trustee) $0 $0 $0
William Daily (Trustee) $0 $0 $0
Wd Peterson (Trustee (Through August 2020)) $0 $0 $0
Joanna Debrine (President) $0 $0 $0
Jerry A Armijo (Vice President) $0 $0 $0
Jeffrey Corey (Treasurer/Secretary) $0 $0 $0
James Reist Assistant (Secretary (Through August 2020)) $0 $0 $0
Dr Nelia Dunbar (Trustee) $0 $143,636 $31,432
Raven Goswick (Trustee) $0 $0 $0
M Pat Miller (Trustee) $0 $0 $0
Geraldine Rivera (Trustee) $0 $0 $0
Matthew Silva (Trustee) $0 $0 $0
Colleen Foster (Executive Director) $0 $138,116 $14,936

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,877,558
Expenses
$2,160,691
Net Income
-$283,133
Net Assets
$28,370,885
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,104,560
58.8%
Program Services $75,125
4.0%
Investment Income $697,873
37.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $257,611
11.9%
Other Salaries and Wages $0
Assets/Debt
Total Assets $29,029,841
Total Liabilities $658,956
Net Assets $28,370,885
Compensation
Key Employees and Officers Compensation Related Other
Dr Stephen Wells (Trustee) $0 $373,130 $39,018
Dr Cleve Mcdaniel (Trustee) $0 $255,434 $56,288
Clinton Marrs (Trustee) $0 $0 $0
Borden Putnam Iii (Trustee) $0 $0 $0
Dr Raul Deju (Trustee) $0 $0 $0
William Daily (Trustee) $0 $0 $0
Wd Peterson (Trustee) $0 $0 $0
Joanna Debrine (President) $0 $0 $0
Jerry A Armijo (Vice President) $0 $0 $0
Jeffrey Corey (Treasurer/Secretary) $0 $0 $0
James Reist (Assistant Secretary) $0 $0 $0
Colleen Foster (Executive Director) $0 $135,990 $14,357

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,614,538
Expenses
$1,964,174
Net Income
-$349,636
Net Assets
$27,835,697
Notable Sources of Revenue Percent of Total Revenue
Contributions $843,208
52.2%
Program Services $90,150
5.6%
Investment Income $681,180
42.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,876,666
Total Liabilities $40,969
Net Assets $27,835,697

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,520,315
Expenses
$2,473,154
Net Income
$47,161
Net Assets
$26,668,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,806,984
71.7%
Program Services $90,150
3.6%
Investment Income $623,092
24.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $89
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $28,077,473
Total Liabilities $1,409,242
Net Assets $26,668,231
Compensation
Key Employees and Officers Compensation Related Other
Holm Bursum Iii (Trustee) $0 $0 $0
Cleve Mcdaniel (Trustee) $0 $244,121 $33,533
Clinton Marrs (Trustee) $0 $0 $0
Borden Putnam Iii (Trustee) $0 $0 $0
Raul Deju (Trustee) $0 $0 $0
William Daily (Trustee) $0 $0 $0
Wd Peterson (Trustee) $0 $50,000 $0
Joanna Debrine (President) $0 $0 $0
Jerry A Armijo (Vice President) $0 $0 $0
Stephen Wells (Treasurer) $0 $331,151 $38,199
Jeffrey Corey (Secretary) $0 $0 $0
Charlotte Lamont (Assistant Secretary) $0 $0 $0
James Reist (Assistant Secretary) $0 $0 $0
Colleen Foster (Executive Director) $0 $125,972 $13,597

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$840,049
Expenses
$2,202,010
Net Income
-$1,361,961
Net Assets
$25,138,749
Notable Sources of Revenue Percent of Total Revenue
Contributions $321,161
38.2%
Program Services $90,150
10.7%
Investment Income $428,738
51.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $25,261,134
Total Liabilities $122,385
Net Assets $25,138,749
Compensation
Key Employees and Officers Compensation Related Other
Wd Peterson (President) $0 $50,000 $0
Jerry A Armijo (Vice President) $0 $0 $0
Steven Wells (Treasurer) $0 $161,168 $28,459
Joanna Debrine (Secretary) $0 $0 $0
James Reist (Assistant Secretary) $0 $0 $0
Charlotte Lamont (Assistant Secretary) $0 $0 $0
Holm Bursum Iii (Trustee) $0 $0 $0
Raul Deju (Trustee) $0 $0 $0
Paul Shoemaker (Trustee) $0 $0 $0
Cleve Mcdaniel (Trustee) $0 $0 $0
Chris Baca (Trustee) $0 $0 $0
Bill Daily (Treasurer) $0 $0 $0
Colleen Foster (Executive Director) $0 $103,155 $27,082

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,922,883
Expenses
$2,406,177
Net Income
-$483,294
Net Assets
$24,440,118
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,242,446
64.6%
Program Services $97,663
5.1%
Investment Income $532,883
27.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $49,891
2.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,777,062
Total Liabilities $2,336,944
Net Assets $24,440,118
Compensation
Key Employees and Officers Compensation Related Other
Wd Peterson (President) $0 $46,838 $0
Jerry A Armijo (Vice President) $0 $0 $0
Daniel H Lopez (Treasurer) $0 $394,353 $47,968
Ann Murphy Daily (Secretary) $0 $0 $0
James Reist (Assistant Secretary) $0 $0 $0
Charlotte Lamont (Assistant Secretary) $0 $0 $0
Holm Bursum Iii (Trustee) $0 $0 $0
Chris Baca (Trustee) $0 $0 $0
Raul Deju (Trustee) $0 $0 $0
Paul Shoemaker (Trustee) $0 $0 $0
Joanna Debrine (Trustee) $0 $0 $0
Richard Cervantes (Trustee) $0 $177,155 $24,360
Colleen Foster (Executive Director) $0 $90,371 $28,446

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,296,243
Expenses
$3,210,618
Net Income
-$914,375
Net Assets
$24,738,494
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,859,294
81.0%
Program Services $90,427
3.9%
Investment Income $342,322
14.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,200
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $52,204
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $26,579,693
Total Liabilities $1,841,199
Net Assets $24,738,494
Compensation
Key Employees and Officers Compensation Related Other
Wd Peterson (President) $0 $40,557 $0
Daniel H Lopez (Vice President) $0 $360,699 $43,767
Alex Thyssen (Assistant Secretary/Treasurer) $0 $40,310 $0
James Reist (Assistant Secretary) $0 $0 $0
Charlotte Lamont (Assistant Secretary) $0 $0 $0
Holm Bursum Iii (Trustee) $0 $0 $0
Ann Murphy Daily (Secretary) $0 $0 $0
Lonnie Marquez (Trustee) $0 $215,809 $32,798
Abe Silver Jr (Trustee) $0 $0 $0
Chris Baca (Trustee) $0 $0 $0
Jerry A Armijo (Trustee) $0 $0 $0
Raul Deju (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,528,630
Expenses
$1,383,218
Net Income
$145,412
Net Assets
$24,673,924
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,230,056
80.5%
Program Services $97,041
6.3%
Investment Income $157,952
10.3%
Bond Proceeds $0
Royalties $43,581
2.9%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $18,497
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $27,118,051
Total Liabilities $2,444,127
Net Assets $24,673,924
Compensation
Key Employees and Officers Compensation Related Other
Wd Peterson (President) $0 $62,395 $0
Daniel H Lopez (Vice President) $0 $348,599 $37,781
Alex Thyssen (Secretary/Treasurer) $0 $54,412 $0
James Reist (Assistant Secretary) $0 $0 $0
Charlotte Lamont (Assistant Secretary) $0 $0 $0
Holm Bursum Iii (Trustee) $0 $0 $0
Ann Murphy Daily (Trustee) $0 $0 $0
Lonnie Marquez (Trustee) $0 $212,000 $28,294
Abe Silver (Trustee) $0 $0 $0
Chris Baca (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$233,739
Expenses
$1,152,689
Net Income
-$918,950
Net Assets
$20,824,787
Notable Sources of Revenue Percent of Total Revenue
Contributions $22,768
9.7%
Program Services $90,150
38.6%
Investment Income $120,821
51.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $100,234
8.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $22,182,653
Total Liabilities $1,357,866
Net Assets $20,824,787

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$295,272
Expenses
$1,327,241
Net Income
-$1,031,969
Net Assets
$19,171,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,164
19.7%
Program Services $96,600
32.7%
Investment Income $113,933
38.6%
Bond Proceeds $0
Royalties $26,575
9.0%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $55,970
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,362,328
Total Liabilities $1,190,435
Net Assets $19,171,893

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$904,991
Expenses
$1,169,404
Net Income
-$264,413
Net Assets
$19,617,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $287,297
31.7%
Program Services $90,150
10.0%
Investment Income $502,375
55.5%
Bond Proceeds $0
Royalties $6,125
0.7%
Rental Property Income $0
Net Fundraising $0
Sales of Assets $14,522
1.6%
Net Inventory Sales $0
Other Revenue $4,522
0.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $37,145
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $20,524,750
Total Liabilities $907,002
Net Assets $19,617,748

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »