Think New Mexico FY2023 filing

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Education and public policy research

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$263K 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

FY2023 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$263K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
18 mo
of spending, in cash
Plus $2.5M in investments, Pt X · Ln 11–13
Looks good: 18.3 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
$1.8M
27% of total assets
Looks good: liabilities are 27% 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
$1.6M
+45% vs prior year
Spent
$834K
To programs
82%
Net assets
$4.8M
By yearFY2020–FY2024
Revenue
$1.6M
FY2023▲ +45%
Tap a bar for its year
Revenue by fiscal year
FY2020$767K
FY2021$1.2M
FY2022$1.1M
FY2023$1.6M
FY2024$2.4M
Expenses
$834K
FY2023▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$616K
FY2021$646K
FY2022$738K
FY2023$834K
FY2024$1.1M
Net assets
$4.8M
FY2023▲ +31%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.7M
FY2022$3.7M
FY2023$4.8M
FY2024$6.4M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

82 cents of each dollar spent went to programs.

Program services 82% · $687K Management & general 7% · $55K Fundraising 11% · $92K

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; $263K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary/Ex
$144,343Pt VII · Sec A
Associate Di
$118,728Pt VII · Sec A
Vice-Chair
$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.

See Think New Mexico executive salaries →

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.

Questions for Think New Mexico

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1 program · $687K · in their own filed words · FY2023
01

In 2023, think new mexico continued our ongoing effort to dramatically improve student outcomes in new mexico's public schools. Think new mexico launched this initiative in 2022 with the publication of a policy report titled, "a roadmap for rethinking public education in new mexico," which laid out a sweeping ten point plan with 30…

$687Kprogram 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 · FY2025
Total grants receivedfrom 2 funders$16K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Investment incomeLn 3$76K
Money outPt IX
$834K
Ln 25
Programscol B$687K
Managementcol C$55K
Fundraisingcol D$92K
Owns and owesPt X
$4.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$6.6M
LiabilitiesLn 26$1.8M
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$1.6M
Noncash giftsLn 1g$30K
Investment incomeLn 3$76K
Gains on assetsLn 7−$6K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.3M
Prepaid expenses and deferred chargesLn 9$1K
Land, buildings, equipmentLn 10c$2.6M
InvestmentsLn 11–13$2.5M
Other assetsLn 15$169K
Total assetsLn 16$6.6M
LiabilitiesLn 26$1.8M
Net assetsLn 32$4.8M
OperationsPt I, VI
EmployeesI 510
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$30K
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$281K$233K$282K$240K$115K
Given inLn 1b$150K$600$250$250
SpentLn 1d–1f−$124K−$11K−$9K−$5K−$7K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$366K$1.3M
InvestmentsLn 11–13$2.3M$2.5M
Land, buildings, equipmentLn 10c$842K$2.6M
Total assetsLn 16$3.7M$6.6M
LiabilitiesLn 26$75K$1.8M
Net assetsLn 32$3.7M$4.8M
5Every 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$322K$274K$18K$30K
Pension plan contributionsLn 8$21K$18K$1K$2K
Other employee benefitsLn 9$33K$27K$2K$4K
Payroll taxesLn 10$36K$30K$2K$3K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$6K$6K$306
Advertising and promotionLn 12$7K$4K$3K
Office expensesLn 13$95K$76K$2K$17K
Information technologyLn 14$11K$4K$211$6K
OccupancyLn 16$78K$66K$5K$7K
Conferences, conventions and meetingsLn 19$7K$4K$15$4K
Depreciation, depletion and amortizationLn 22$1K$888$63$94
InsuranceLn 23$4K$3K$222$333
Other expenses (24a–d)Ln 24$7K$6K$135$1K
Total functional expensesLn 25$834K$687K$55K$92K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Sep 16, 2025 $2.4M$1.1M$1.4M$6.4M 990 PDF
FY2023 ViewingFiled with the IRS Sep 23, 2024 $1.6M$834K$790K$4.8M 990 PDF
FY2022Filed with the IRS Aug 4, 2023 $1.1M$738K$382K$3.7M 990 PDF
FY2021Filed with the IRS Jul 21, 2022 $1.2M$646K$522K$3.7M 990 PDF
FY2020Filed with the IRS Jul 23, 2021 $767K$616K$152K$3.0M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,624,853 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,156,366$1,579,652
I-9 Program service revenue$0
I-10 Investment incomePrior year −$36,654$75,841
I-11 Other revenuePrior year $483−$30,640
I-12 Total revenuePrior year $1,120,195$1,624,853
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $536,843$606,653
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $201,371$227,831
I-18 Total expensesPrior year $738,214$834,484
I-19 Revenue less expensesPrior year $381,981$790,369
Part VI · Governance 11 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
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 $1,624,853 across 8 lines filed
VIII-1f All other contributions, gifts and grants$1,579,652
VIII-1g Noncash contributions (included above)$29,747
VIII-1h Total contributions, gifts and grants$1,579,652
VIII-3 Investment incomeExcluded from tax $82,072$82,072
VIII-6 Net rental income or lossUnrelated business −$44,313 · Excluded from tax $12,067−$32,246
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$6,231−$6,231
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,606$1,606
VIII-12 Total revenueRelated to mission $1,606 · Unrelated business −$44,313 · Excluded from tax $87,908$1,624,853
Part IX · Statement of functional expenses $834,484 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $167,855 · Management $13,661 · Fundraising $13,663$195,179
IX-7 Other salaries and wagesPrograms $274,003 · Management $17,658 · Fundraising $30,311$321,972
IX-8 Pension plan contributionsPrograms $18,091 · Management $1,150 · Fundraising $2,205$21,446
IX-9 Other employee benefitsPrograms $27,307 · Management $1,618 · Fundraising $3,594$32,519
IX-10 Payroll taxesPrograms $30,206 · Management $2,133 · Fundraising $3,198$35,537
IX-11c Accounting feesManagement $11,757$11,757
IX-11g Other fees for servicesPrograms $5,811 · Fundraising $306$6,117
IX-12 Advertising and promotionPrograms $3,820 · Fundraising $3,126$6,946
IX-13 Office expensesPrograms $75,571 · Management $1,917 · Fundraising $17,309$94,797
IX-14 Information technologyPrograms $4,438 · Management $211 · Fundraising $6,068$10,717
IX-16 OccupancyPrograms $66,496 · Management $4,694 · Fundraising $7,041$78,231
IX-19 Conferences, conventions and meetingsPrograms $3,681 · Management $15 · Fundraising $3,574$7,270
IX-22 Depreciation, depletion and amortizationPrograms $888 · Management $63 · Fundraising $94$1,045
IX-23 InsurancePrograms $3,144 · Management $222 · Fundraising $333$3,699
IX-24 Other expenses (24a–d)Programs $5,994 · Management $135 · Fundraising $1,123$7,252
IX-25 Total functional expensesPrograms $687,305 · Management $55,234 · Fundraising $91,945$834,484
Part X · Balance sheet $6,611,980 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $98$87,339
X-2 Savings and temporary cash investmentsStart of year $365,402$1,181,948
X-9 Prepaid expenses and deferred chargesStart of year $48,866$1,329
X-10c Land, buildings and equipment, netStart of year $841,669$2,635,090
X-11 Publicly traded securitiesStart of year $2,282,643$2,537,598
X-15 Other assetsStart of year $170,558$168,676
X-16 Total assetsStart of year $3,749,700$6,611,980
X-17 Accounts payable and accrued expensesStart of year $18,986$14,988
X-23 Secured mortgages and notes payable$1,753,629
X-25 Other liabilitiesStart of year $55,775$29,676
X-26 Total liabilitiesStart of year $74,761$1,798,293
X-27 Net assets without donor restrictionsStart of year $3,464,671$4,417,922
X-28 Net assets with donor restrictionsStart of year $210,268$395,765
X-32 Total net assets or fund balancesStart of year $3,674,939$4,813,687
X-33 Total liabilities and net assetsStart of year $3,749,700$6,611,980
Part XI · Reconciliation of net assets $4,813,687 net assets at year end
XI-1 Total revenue$1,624,853
XI-2 Total expenses$834,484
XI-3 Revenue less expenses$790,369
XI-4 Net assets at start of year$3,674,939
XI-5 Net unrealized gains (losses) on investments$269,903
XI-6 Donated services and use of facilities$82,313
XI-7 Investment expenses−$2,000
XI-9 Other changes in net assets−$1,837
XI-10 Net assets at end of year$4,813,687

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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