New mexico consortium (Nmc) integrates the needs of new mexico's research universities to build liason research between local universities and organizations. Nmc builds strategic connections with scientific institutions throughout the world in order to support research and education in the public interest. Nmc develops and pursues research and education programs in the scientific fields.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$1.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $1.1M a year · 7% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.5M
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $6.3M in investments, Pt X · Ln 11–13
Fine: 0.9 months of spending in cash, plus $6.3M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $226K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.6M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.1M
-25% vs prior year
Spent
$13.9M
To programs
89%
Net assets
$8.8M
By yearFY2020–FY2025
Revenue
$14.1M
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$18.9M
FY2021$11.2M
FY2022$12.5M
FY2023$18.9M
FY2024$14.1M
FY2025$18.4M
Expenses
$13.9M
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.3M
FY2021$10.8M
FY2022$12.2M
FY2023$15.5M
FY2024$13.9M
FY2025$17.5M
Net assets
$8.8M
FY2024▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.8M
FY2021$5.1M
FY2022$5.4M
FY2023$8.7M
FY2024$8.8M
FY2025$8.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $12.4M Management & general 11% · $1.5M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$256,693Pt VII · Sec A
Research Sci
$254,055Pt VII · Sec A
Research Sci
$240,621Pt VII · Sec A
Research Sci
$170,869Pt VII · Sec A
Research Sci
$165,576Pt VII · Sec A
$164,101Pt VII · Sec A
$150,270Pt VII · Sec A
Research Sci
$133,593Pt VII · Sec A

Alex Lovell Troy’s $243K as Research Sci is at the 51st percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John R Engen$228,612$256,693————
Alex Lovell-Troy—$254,055————
Alex Lovell Troy$243,246—————
John Michael Bent$210,882$240,621————
Omar Eduardo Contreras Corona——$188,450$161,700$161,278$160,369
Steve Buelow————$163,678$181,177
Goutam Gupta——$159,241$179,588——
Dr Ugandhar Porla$177,763—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects New Mexico universities with global institutions to advance scientific research and education.

Questions for Nmc INC

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1 program · $12.4M · in their own filed words · FY2023
01

Scientific research and collaborative programs with institutional and industrial teams who coordinate and lead collaborative research projects in the following areas: 1. The ultrascale systems research center (usrc) is a collaborative center focused on research to support high performance computing at exascale and beyond, established to…

$12.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$226K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$14.1M
Ln 12
Fees for servicesLn 2g$13.4M
Gifts and grantsLn 1h$536K
Investment incomeLn 3$129K
Money outPt IX
$13.9M
Ln 25
Programscol B$12.4M
Managementcol C$1.5M
Owns and owesPt X
$8.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$12.4M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
18
listed · VII A
PaidVII A8
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$536K
Government grantsLn 1e$351K
Fees for servicesLn 2g$13.4M
Investment incomeLn 3$129K
Total revenueLn 12$14.1M
Assets in detailPt X, end of year
CashLn 1$403K
SavingsLn 2$601K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$514K
Other assetsLn 15$871K
Total assetsLn 16$12.4M
LiabilitiesLn 26$3.6M
Net assetsLn 32$8.8M
OperationsPt I, VI
EmployeesI 5101
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.9M$1.0M
InvestmentsLn 11–13$5.0M$6.3M
Land, buildings, equipmentLn 10c$941K$514K
Total assetsLn 16$13.3M$12.4M
LiabilitiesLn 26$4.6M$3.6M
Net assetsLn 32$8.7M$8.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$668K$591K$76K
Other salaries and wagesLn 7$4.6M$4.0M$520K
Pension plan contributionsLn 8$452K$399K$53K
Other employee benefitsLn 9$1.2M$1.1M$145K
Payroll taxesLn 10$450K$395K$55K
Legal feesLn 11b$17K$8K$9K
Accounting feesLn 11c$133K$63K$69K
Other fees for servicesLn 11g$3.8M$3.6M$144K
Advertising and promotionLn 12$53K$14K$39K
Office expensesLn 13$125K$118K$7K
Information technologyLn 14$142K$106K$36K
OccupancyLn 16$1.3M$1.2M$99K
TravelLn 17$200K$193K$7K
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$333K$239K$94K
InsuranceLn 23$58K$26K$31K
Other expenses (24a–d)Ln 24$330K$267K$62K
All other expensesLn 24e$61K$33K$28K
Total functional expensesLn 25$13.9M$12.4M$1.5M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $18.4M$17.5M$871K$8.9M 990 PDF
FY2024 Viewing $14.1M$13.9M$177K$8.8M 990 PDF
FY2023 $18.9M$15.5M$3.4M$8.7M 990 PDF
FY2022 $12.5M$12.2M$244K$5.4M 990 PDF
FY2021 $11.2M$10.8M$318K$5.1M 990 PDF
FY2020 $18.9M$17.3M$1.6M$4.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $14,103,483 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $454,972$535,724
I-9 Program service revenuePrior year $14,395,016$13,438,852
I-10 Investment incomePrior year $4,035,440$128,907
I-11 Other revenue$0
I-12 Total revenuePrior year $18,885,428$14,103,483
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $7,344,228$7,369,167
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $8,130,075$6,557,286
I-18 Total expensesPrior year $15,474,303$13,926,453
I-19 Revenue less expensesPrior year $3,411,125$177,030
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $14,103,483 across 6 lines filed
VIII-1e Government grants$351,114
VIII-1f All other contributions, gifts and grants$184,610
VIII-1h Total contributions, gifts and grants$535,724
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,438,852$13,438,852
VIII-3 Investment incomeRelated to mission $128,907$128,907
VIII-12 Total revenueRelated to mission $13,567,759$14,103,483
Part IX · Statement of functional expenses $13,926,453 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $591,422 · Management $76,473$667,895
IX-7 Other salaries and wagesPrograms $4,038,052 · Management $520,331$4,558,383
IX-8 Pension plan contributionsPrograms $399,037 · Management $52,649$451,686
IX-9 Other employee benefitsPrograms $1,096,456 · Management $144,666$1,241,122
IX-10 Payroll taxesPrograms $394,721 · Management $55,360$450,081
IX-11b Legal feesPrograms $7,984 · Management $8,743$16,727
IX-11c Accounting feesPrograms $63,440 · Management $69,473$132,913
IX-11g Other fees for servicesPrograms $3,608,455 · Management $143,806$3,752,261
IX-12 Advertising and promotionPrograms $13,653 · Management $39,370$53,023
IX-13 Office expensesPrograms $117,592 · Management $7,066$124,658
IX-14 Information technologyPrograms $105,678 · Management $36,372$142,050
IX-16 OccupancyPrograms $1,249,898 · Management $98,694$1,348,592
IX-17 TravelPrograms $193,180 · Management $7,144$200,324
IX-20 InterestManagement $5,144$5,144
IX-22 Depreciation, depletion and amortizationPrograms $238,689 · Management $94,277$332,966
IX-23 InsurancePrograms $26,256 · Management $31,384$57,640
IX-24 Other expenses (24a–d)Programs $267,225 · Management $62,390$329,615
IX-24e All other expensesPrograms $33,287 · Management $28,086$61,373
IX-25 Total functional expensesPrograms $12,445,025 · Management $1,481,428 · Fundraising $0$13,926,453
Part X · Balance sheet $12,357,011 assets, 19 lines filed
Asset lines not itemized here account for $1,102,718; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,039,465$403,454
X-2 Savings and temporary cash investmentsStart of year $885,761$601,248
X-3 Pledges and grants receivableStart of year $2,251,661$2,294,774
X-4 Accounts receivable$3,946
X-9 Prepaid expenses and deferred chargesStart of year $245,753$188,825
X-10c Land, buildings and equipment, netStart of year $941,028$514,224
X-11 Publicly traded securitiesStart of year $2,600,000$3,863,902
X-12 Other securitiesStart of year $2,387,258$2,409,553
X-14 Intangible assetsStart of year $112,352$103,550
X-15 Other assetsStart of year $1,503,899$870,817
X-16 Total assetsStart of year $13,272,348$12,357,011
X-17 Accounts payable and accrued expensesStart of year $2,343,173$1,949,459
X-19 Deferred revenueStart of year $294,035$491,465
X-24 Unsecured notes and loans payableStart of year $149,894$98,093
X-25 Other liabilitiesStart of year $1,780,749$1,064,779
X-26 Total liabilitiesStart of year $4,567,851$3,603,796
X-27 Net assets without donor restrictionsStart of year $8,704,497$8,753,215
X-32 Total net assets or fund balancesStart of year $8,704,497$8,753,215
X-33 Total liabilities and net assetsStart of year $13,272,348$12,357,011
Part XI · Reconciliation of net assets $8,753,215 net assets at year end
XI-1 Total revenue$14,103,483
XI-2 Total expenses$13,926,453
XI-3 Revenue less expenses$177,030
XI-4 Net assets at start of year$8,704,497
XI-5 Net unrealized gains (losses) on investments−$128,312
XI-10 Net assets at end of year$8,753,215

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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