Think New Mexico

Tax-deductible

Santa Fe, NM501(c)(3)Human ServicesEIN 31-1611995

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Education and public policy research

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 9 volunteers and 10 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $647K a year · 45% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$265K
to officers and key staff · 25% of spending
Top officer’s pay higher than 69% of similar orgs
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 10.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $16K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.4M
+51% vs prior year
Spent
$1.1M
To programs
85%
Net assets
$6.4M
By yearFY2020–FY2024
Revenue
$2.4M
FY2024▲ +51%
Revenue by fiscal year
FY2020$767K
FY2021$1.2M
FY2022$1.1M
FY2023$1.6M
FY2024$2.4M
Expenses
$1.1M
FY2024▲ +27%
Expenses by fiscal year
FY2020$616K
FY2021$646K
FY2022$738K
FY2023$834K
FY2024$1.1M
Net assets
$6.4M
FY2024▲ +33%
Net assets by fiscal year
FY2020$3.0M
FY2021$3.7M
FY2022$3.7M
FY2023$4.8M
FY2024$6.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $900K Management & general 6% · $62K Fundraising 9% · $97K

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

13 people listed on the 990; $265K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Ex
$142,671Pt VII · Sec A
Associate Di
$122,718Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Fred Nathan JR’s $143K as Secretary/Ex is at the 69th percentile of top reported officer pay among 3868 $1–10M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Fred Nathan JR$142,671$144,343$126,330$118,279$115,056
Kristina Fisher$122,718$118,728$103,728——

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

Conducts research and advocates for improved education and public policy.

Provided by the organization

This section is blank until Think New Mexico claims this page.

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1 program service account for $900K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, think new mexico researched, wrote, and published a policy report titled, solving new mexicos health care worker shortage, which laid out a 10-POINT plan with 20 separate legislative recommendations to address the urgent crisis of new mexicos health care worker shortage.

$900Kprogram 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 · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$129K
Money outPt IX
$1.1M
Ln 25
Programscol B$900K
Managementcol C$62K
Fundraisingcol D$97K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$956K
Total assetsLn 16$7.5M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Noncash giftsLn 1g$671K
Investment incomeLn 3$129K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$69K
SavingsLn 2$887K
Cash and savings togetherLn 1–2$956K
InvestmentsLn 11–13$3.8M
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$7.5M
LiabilitiesLn 26$1.1M
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 510
VolunteersI 69
Fiscal year endsHeaderDecember
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$1.3M$956K
InvestmentsLn 11–13$2.5M$3.8M
Land, buildings, equipmentLn 10c$2.6M$2.7M
Total assetsLn 16$6.6M$7.5M
LiabilitiesLn 26$1.8M$1.1M
Net assetsLn 32$4.8M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$195K$168K$14K$14K
Other salaries and wagesLn 7$462K$411K$14K$37K
Pension plan contributionsLn 8$30K$26K$742$3K
Other employee benefitsLn 9$36K$32K$422$3K
Payroll taxesLn 10$47K$42K$2K$4K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$13K$13K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$6K$5K$2K
Office expensesLn 13$160K$136K$1K$23K
Information technologyLn 14$17K$11K$416$6K
OccupancyLn 16$66K$58K$3K$5K
Conferences, conventions and meetingsLn 19$5K$4K$535$536
Depreciation, depletion and amortizationLn 22$1K$1K$55$110
InsuranceLn 23$3K$3K$134$268
Other expenses (24a–d)Ln 24$13K$333$12K
Total functional expensesLn 25$1.1M$900K$62K$97K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.4M$1.1M$1.4M$6.4M 990 PDF
FY2023 $1.6M$834K$790K$4.8M 990 PDF
FY2022 $1.1M$738K$382K$3.7M 990 PDF
FY2021 $1.2M$646K$522K$3.7M 990 PDF
FY2020 $767K$616K$152K$3.0M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,448,307 across 7 lines filed
VIII-1f All other contributions, gifts and grants$2,340,756
VIII-1g Noncash contributions (included above)$671,316
VIII-1h Total contributions, gifts and grants$2,340,756
VIII-3 Investment incomeExcluded from tax $128,583$128,583
VIII-6 Net rental income or lossUnrelated business −$31,342 · Excluded from tax $7,429−$23,913
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,881$2,881
VIII-12 Total revenueRelated to mission $2,881 · Unrelated business −$31,342 · Excluded from tax $136,012$2,448,307
Part IX · Statement of functional expenses $1,059,501 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $167,819 · Management $13,658 · Fundraising $13,660$195,137
IX-7 Other salaries and wagesPrograms $410,629 · Management $14,269 · Fundraising $36,887$461,785
IX-8 Pension plan contributionsPrograms $26,282 · Management $742 · Fundraising $2,509$29,533
IX-9 Other employee benefitsPrograms $32,420 · Management $422 · Fundraising $3,226$36,068
IX-10 Payroll taxesPrograms $41,739 · Management $1,898 · Fundraising $3,794$47,431
IX-11b Legal feesManagement $1,005$1,005
IX-11c Accounting feesManagement $12,928$12,928
IX-11g Other fees for servicesPrograms $3,796$3,796
IX-12 Advertising and promotionPrograms $4,577 · Fundraising $1,609$6,186
IX-13 Office expensesPrograms $135,783 · Management $1,497 · Fundraising $22,504$159,784
IX-14 Information technologyPrograms $10,560 · Management $416 · Fundraising $6,472$17,448
IX-16 OccupancyPrograms $57,900 · Management $2,631 · Fundraising $5,264$65,795
IX-19 Conferences, conventions and meetingsPrograms $4,284 · Management $535 · Fundraising $536$5,355
IX-22 Depreciation, depletion and amortizationPrograms $1,205 · Management $55 · Fundraising $110$1,370
IX-23 InsurancePrograms $2,945 · Management $134 · Fundraising $268$3,347
IX-24 Other expenses (24a–d)Programs $333 · Management $12,200$12,533
IX-25 Total functional expensesPrograms $900,272 · Management $62,390 · Fundraising $96,839$1,059,501
Part X · Balance sheet $7,479,051 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $87,339$68,746
X-2 Savings and temporary cash investmentsStart of year $1,181,948$887,306
X-3 Pledges and grants receivable$25,000
X-9 Prepaid expenses and deferred chargesStart of year $1,329$8,238
X-10c Land, buildings and equipment, netStart of year $2,635,090$2,672,922
X-11 Publicly traded securitiesStart of year $2,537,598$3,816,839
X-16 Total assetsStart of year $6,611,980$7,479,051
X-17 Accounts payable and accrued expensesStart of year $14,988$15,515
X-25 Other liabilitiesStart of year $29,676$6,500
X-26 Total liabilitiesStart of year $1,798,293$1,092,495
X-27 Net assets without donor restrictionsStart of year $4,417,922$5,058,129
X-28 Net assets with donor restrictionsStart of year $395,765$1,328,427
X-32 Total net assets or fund balancesStart of year $4,813,687$6,386,556
X-33 Total liabilities and net assetsStart of year $6,611,980$7,479,051
Part XI · Reconciliation of net assets $6,386,556 net assets at year end
XI-1 Total revenue$2,448,307
XI-2 Total expenses$1,059,501
XI-3 Revenue less expenses$1,388,806
XI-4 Net assets at start of year$4,813,687
XI-5 Net unrealized gains (losses) on investments$184,063
XI-10 Net assets at end of year$6,386,556

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

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