The Salopek Foundation

Tax-deductible

Las Cruces, NM501(c)(3)Since 2001Foundations & GrantmakersEIN 30-0027893

Support, manage, and fund educational programs of new mexico state university and texas a&m university which, but for this organization, would be engaged in by the universities themselves. This includes, but is not limited to, scholarship programs and research programs.

501(c)(3) charity; gifts are tax-deductible.
17¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
3 of 6
filings with a surplus
Average surplus $127K a year · 11% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
17%
of spending
Concern: 17% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.6M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+25% vs prior year
Spent
$1.2M
To programs
17%
Net assets
$11.8M
By yearFY2020–FY2025
Revenue
$1.2M
FY2025▲ +25%
Revenue by fiscal year
FY2020$1.1M
FY2021$977K
FY2022$2.3M
FY2023$497K
FY2024$923K
FY2025$1.2M
Expenses
$1.2M
FY2025▲ +20%
Expenses by fiscal year
FY2020$1.1M
FY2021$922K
FY2022$1.0M
FY2023$915K
FY2024$1.0M
FY2025$1.2M
Net assets
$11.8M
FY2025-0.4%
Net assets by fiscal year
FY2020$11.1M
FY2021$11.1M
FY2022$12.4M
FY2023$12.0M
FY2024$11.9M
FY2025$11.8M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2002.

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

Where the money goes

17 cents of each dollar spent went to programs.

Program services 17% · $200K Management & general 83% · $1.0M

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
VP, Sec/Trea
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Salopek Foundation executive salaries →

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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 15aNo

Programs and updates

Funds and manages educational and research programs for New Mexico State and Texas A&M Universities.

Provided by the organization

This section is blank until The Salopek Foundation claims this page.

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2 program services account for $200K of program spending, described in the organization's own filed words · FY2025.
01

New mexico state university funding and management for student aid and research activities in the college of agriculture, consumer & environmental science.

$150Kprogram expense
02

Texas A&M university funding and management for research activities in the college of agriculture & life sciences

$50Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $1.4M · 2020–2025
New Mexico State UniversityFY2025$150,000
New Mexico State UniversityFY2024$150,000
New Mexico State UniversityFY2023$200,000
New Mexico State UniversityFY2022$150,000
New Mexico State UniversityFY2021$150,000
New Mexico State UniversityFY2020$300,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Other incomeLn 4–11$1.1M
Investment incomeLn 3$48K
Money outPt IX
$1.2M
Ln 25
Programscol B$200K
Managementcol C$1.0M
Owns and owesPt X
$11.8M
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$14.4M
LiabilitiesLn 26$2.6M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$48K
Other incomeLn 4–11$1.1M
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
SavingsLn 2$8K
Cash and savings togetherLn 1–2$8K
InvestmentsLn 11–13$1K
Land, buildings, equipmentLn 10c$14.4M
Total assetsLn 16$14.4M
LiabilitiesLn 26$2.6M
Net assetsLn 32$11.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$98K$8K
InvestmentsLn 11–13$1K$1K
Land, buildings, equipmentLn 10c$13.4M$14.4M
Total assetsLn 16$14.7M$14.4M
LiabilitiesLn 26$2.8M$2.6M
Net assetsLn 32$11.9M$11.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$200K$200K
Management feesLn 11a$25K$25K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$28K$28K
InterestLn 20$207K$207K
Depreciation, depletion and amortizationLn 22$174K$174K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$563K$563K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$1.2M$200K$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.2M$1.2M−$50K$11.8M 990 PDF
FY2024 $923K$1.0M−$84K$11.9M 990 PDF
FY2023 $497K$915K−$418K$12.0M 990 PDF
FY2022 $2.3M$1.0M$1.2M$12.4M 990 PDF
FY2021 $977K$922K$56K$11.1M 990 PDF
FY2020 $1.1M$1.1M$7K$11.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $1,156,345 across 4 lines filed
VIII-3 Investment incomeExcluded from tax $47,929$47,929
VIII-6 Net rental income or lossExcluded from tax $1,108,414$1,108,414
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2$2
VIII-12 Total revenueRelated to mission $2 · Excluded from tax $1,156,343$1,156,345
Part IX · Statement of functional expenses $1,206,137 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $200,000$200,000
IX-11a Management feesManagement $24,748$24,748
IX-11b Legal feesManagement $1,858$1,858
IX-11c Accounting feesManagement $28,402$28,402
IX-20 InterestManagement $207,065$207,065
IX-22 Depreciation, depletion and amortizationManagement $174,465$174,465
IX-23 InsuranceManagement $5,034$5,034
IX-24 Other expenses (24a–d)Management $563,285$563,285
IX-24e All other expensesManagement $1,280$1,280
IX-25 Total functional expensesPrograms $200,000 · Management $1,006,137 · Fundraising $0$1,206,137
Part X · Balance sheet $14,447,205 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $98,062$7,844
X-10c Land, buildings and equipment, netStart of year $13,361,843$14,438,361
X-12 Other securitiesStart of year $1,000$1,000
X-16 Total assetsStart of year $14,679,511$14,447,205
X-26 Total liabilitiesStart of year $2,809,704$2,627,190
X-32 Total net assets or fund balancesStart of year $11,869,807$11,820,015
X-33 Total liabilities and net assetsStart of year $14,679,511$14,447,205
Part XI · Reconciliation of net assets $11,820,015 net assets at year end
XI-1 Total revenue$1,156,345
XI-2 Total expenses$1,206,137
XI-3 Revenue less expenses−$49,792
XI-4 Net assets at start of year$11,869,807
XI-10 Net assets at end of year$11,820,015

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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