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New Mexico Student Loan Guarantee Corporation

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
$5.48M (2023)

Expenses
$5.06M (2023)

Total Assets
$15.2M (2023)

Total Liabilities
$1.03M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Sept.
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,481,016
Expenses
$5,055,415
Net Income
$425,601
Net Assets
$14,190,157
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $5,402,654
98.6%
Investment Income $78,362
1.4%
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 $220,177
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $599,445
11.9%
Assets/Debt
Total Assets $15,216,077
Total Liabilities $1,025,920
Net Assets $14,190,157
Compensation
Key Employees and Officers Compensation Related Other
Brad Allpass (President) $0 $196,484 $23,010
Reginald Storment (Legal Counsel) $0 $157,164 $27,697
Grace Tackman (Asst Vp Of Human Resources) $0 $137,707 $32,575
Estevan Martinez (Asst Vp Of It) $0 $128,221 $18,063
Tracy Rowe (Treasurer) $0 $103,894 $23,888
Dan Salzwedel (Director) $0 $0 $0
Ryan Trosper (Director) $0 $0 $0
Gavon Gillette (Director) $0 $0 $0
Robert Gabaldon (Director) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Sarah Dion Kidd Johnson (Directorchair) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$8,869,305
Expenses
$6,949,884
Net Income
$1,919,421
Net Assets
$13,520,065
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $8,829,996
99.6%
Investment Income $39,309
0.4%
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 $151,430
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $632,959
9.1%
Assets/Debt
Total Assets $13,741,914
Total Liabilities $221,849
Net Assets $13,520,065
Compensation
Key Employees and Officers Compensation Related Other
Brad Allpass (President) $0 $192,076 $15,036
Reginald Storment (Legal Counsel) $0 $155,482 $19,668
Grace Tackman (Asst Vp Of Human Resources) $0 $135,549 $21,077
Estevan Martinez (Asst Vp Of It) $0 $117,619 $12,644
Tracy Rowe (Treasurer) $0 $97,475 $14,244
Dan Salzwedel (Director) $0 $0 $0
Robert Gabaldon (Director) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Sarah Dion Kidd Johnson (Directorchair) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,044,592
Expenses
$6,390,238
Net Income
-$3,345,646
Net Assets
$11,497,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,994,129
98.3%
Investment Income $50,463
1.7%
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 $201,606
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $607,492
9.5%
Assets/Debt
Total Assets $15,866,075
Total Liabilities $4,368,686
Net Assets $11,497,389
Compensation
Key Employees and Officers Compensation Related Other
Brad Allpass (President) $0 $193,089 $16,064
Reginald Storment (Legal Counsel) $0 $155,922 $27,216
Grace Tackman (Asst Vp Of Human Resources) $0 $132,236 $31,896
Estevan Martinez (Asst Vp Of It) $0 $118,231 $16,866
Tracy Rowe (Assistant Vp Of Finance) $0 $93,514 $21,391
Dan Salzwedel (Director) $0 $0 $0
Robert Gabaldon (Director) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Sarah Dion Kidd Johnson (Directorchair) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,428,008
Expenses
$3,904,638
Net Income
$523,370
Net Assets
$14,728,340
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,356,263
98.4%
Investment Income $71,745
1.6%
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 $288,838
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $569,668
14.6%
Assets/Debt
Total Assets $15,959,895
Total Liabilities $1,231,555
Net Assets $14,728,340
Compensation
Key Employees and Officers Compensation Related Other
Dion Kidd Johnson (Directorchair) $0 $0 $0
Pauline Garcia (Secretary) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Brad Allpass (President And Ceo) $0 $178,734 $25,374
Grace Tackman (Asst Vp Of Human Resources) $0 $124,312 $43,168
Estevan Martinez (Asst Vp Of It) $0 $116,729 $22,013
Michael Nemelka (President) $0 $189,539 $41,964
Tracy Rowe (Assistant Vp Of Finance) $0 $83,984 $22,461
Reginald Storment (Legal Counsel) $0 $153,529 $39,689

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,686,015
Expenses
$3,534,681
Net Income
$1,151,334
Net Assets
$14,124,823
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,608,116
98.3%
Investment Income $77,899
1.7%
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 $204,688
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $503,901
14.3%
Assets/Debt
Total Assets $15,686,375
Total Liabilities $1,561,552
Net Assets $14,124,823
Compensation
Key Employees and Officers Compensation Related Other
Dion Kidd Johnson (Directorchair) $0 $0 $0
Pauline Garcia (Secretary) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Brad Allpass (Vice President Of Finance) $0 $169,016 $16,527
Michael Nemelka (President) $0 $176,032 $39,975
Grace Tackman (Assistant Vice President Of H) $0 $110,937 $33,006
Reginald Storement (Legal Counsel) $0 $131,378 $27,109
Lucas Covington (Director Of It) $0 $145,718 $12,484

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,174,237
Expenses
$2,764,703
Net Income
-$590,466
Net Assets
$13,019,546
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,123,113
97.6%
Investment Income $51,124
2.4%
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 $204,606
7.4%
Professional Fundraising Fees $0
Other Salaries and Wages $506,652
18.3%
Assets/Debt
Total Assets $13,575,389
Total Liabilities $555,843
Net Assets $13,019,546
Compensation
Key Employees and Officers Compensation Related Other
Dion Kidd Johnson (Directorchair) $0 $0 $0
Pauline Garcia (Secretary) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Brad Allpass (Vice President Of Finance) $0 $169,548 $14,095
Michael Nemelka (President) $0 $178,999 $33,121
Grace Tackman (Assistant Vice President Of H) $0 $102,600 $27,085
Lucas Covington (Director Of It) $0 $124,418 $29,540

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,620,833
Expenses
$2,719,696
Net Income
-$98,863
Net Assets
$13,610,012
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,579,259
98.4%
Investment Income $41,574
1.6%
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 $228,810
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $493,770
18.2%
Assets/Debt
Total Assets $14,546,002
Total Liabilities $935,990
Net Assets $13,610,012
Compensation
Key Employees and Officers Compensation Related Other
Dion Kidd Johnson (Directorchair) $0 $0 $0
Pauline Garcia (Secretary) $0 $0 $0
Dave Eppich (Director) $0 $0 $0
Val Alonzo (Director) $0 $0 $0
Michael Nemelka (President) $0 $248,138 $0
Brad Allpass (Vice President Of Finance) $0 $183,104 $0
Grace Tackman (Assistant Vice President Of H) $0 $158,640 $0
Lucas Covington (Director Of It) $0 $161,380 $0

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,844,376
Expenses
$1,670,276
Net Income
$2,174,100
Net Assets
$13,708,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,810,754
99.1%
Investment Income $33,622
0.9%
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 $228,922
13.7%
Professional Fundraising Fees $0
Other Salaries and Wages $681,272
40.8%
Assets/Debt
Total Assets $14,347,645
Total Liabilities $638,770
Net Assets $13,708,875
Compensation
Key Employees and Officers Compensation Related Other
Michael Nemelka (President) $211,031 $0 $0
Brad Allpass (Vice President Of Finance) $178,642 $0 $0
Lucas Covington (Director Of It) $135,827 $0 $0
Grace Tackman (Assistant Vice President) $104,600 $0 $0
Dion Kidd Johnson (Director/Chair) $0 $0 $0
Pauline Garcia (Secretary) $0 $0 $0
Leslie Kelly (Director) $0 $0 $0
Dave Eppich (Director) $0 $0 $0
Val Alonzo (Director) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,009,999
Expenses
$3,565,864
Net Income
-$555,865
Net Assets
$11,534,774
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,987,637
99.3%
Investment Income $22,362
0.7%
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 $156,671
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $620,900
17.4%
Assets/Debt
Total Assets $14,732,257
Total Liabilities $3,197,483
Net Assets $11,534,774
Compensation
Key Employees and Officers Compensation Related Other
Dion Kidd Johnson (Director/Chair) $0 $0 $0
Elwood Farber (Director) $0 $0 $0
Pauline Garcia (Director/Nmeaf Chair) $0 $0 $0
Brad Allpass (Vice President Of Finance) $0 $172,188 $0
Grace Tackman (Assistant Vice President) $0 $100,559 $0
Michael Nemelka (President) $0 $216,194 $0
Lucas Covington (Director Of It) $0 $124,752 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,645,911
Expenses
$3,630,785
Net Income
$1,015,126
Net Assets
$12,090,639
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $4,626,724
99.6%
Investment Income $19,187
0.4%
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 $132,881
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $767,315
21.1%
Assets/Debt
Total Assets $15,309,154
Total Liabilities $3,218,515
Net Assets $12,090,639
Compensation
Key Employees and Officers Compensation Related Other
Dion Kidd Johnson (Director/Chair) $0 $0 $0
Elwood Farber (Director) $0 $0 $0
Pauline Garcia (Director/Nmeaf Chair) $0 $0 $0
Brad Allpass (Vice President Of Finance) $0 $166,098 $0
Grace Tackman (Assistant Vice President) $0 $96,975 $0
Michael Nemelka (President) $0 $137,122 $0
Elwood Farber (Former President) $0 $280,768 $0

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,999,771
Expenses
$3,502,534
Net Income
$497,237
Net Assets
$11,075,513
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $3,993,835
99.9%
Investment Income $5,936
0.1%
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 $163,398
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $647,632
18.5%
Assets/Debt
Total Assets $14,363,857
Total Liabilities $3,288,344
Net Assets $11,075,513

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,687,837
Expenses
$3,549,149
Net Income
-$861,312
Net Assets
$10,578,276
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,682,132
99.8%
Investment Income $5,705
0.2%
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 $205,290
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $607,522
17.1%
Assets/Debt
Total Assets $13,524,035
Total Liabilities $2,945,759
Net Assets $10,578,276

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,292,652
Expenses
$3,041,650
Net Income
-$748,998
Net Assets
$11,439,588
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,286,016
99.7%
Investment Income $6,636
0.3%
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 $269,817
8.9%
Professional Fundraising Fees $0
Other Salaries and Wages $731,985
24.1%
Assets/Debt
Total Assets $14,409,865
Total Liabilities $2,970,277
Net Assets $11,439,588

Document Links

Fiscal Year Ending Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Sept.
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 Dec.
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.

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