Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
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.
David Campbell’s $242K as Executive Director (through 3/31/25) is at the 90th percentile of top reported officer pay among 3394 $1–10M 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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 |
|---|---|---|
| David Campbell | $241,862 | — |
| Keelie Garcia | $131,558 | $107,982 |
| Kelly Ward | — | $110,472 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Acquires, develops, and rents real estate to benefit the University of New Mexico.
Questions for Lobo Development Corporation
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Activities include acquisition, development, disposition and rental of university real estate.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.5M | $3.4M |
| Land, buildings, equipmentLn 10c | $15.9M | $16.9M |
| Total assetsLn 16 | $21.5M | $21.2M |
| LiabilitiesLn 26 | $14.9M | $14.1M |
| Net assetsLn 32 | $6.6M | $7.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $97K | $49K | $49K | |
| Pension plan contributionsLn 8 | $5K | $2K | $2K | |
| Other employee benefitsLn 9 | $33K | $17K | $17K | |
| Payroll taxesLn 10 | $9K | $5K | $5K | |
| Legal feesLn 11b | $5K | $5K | ||
| Accounting feesLn 11c | $34K | $34K | ||
| Other fees for servicesLn 11g | $9K | $9K | ||
| Advertising and promotionLn 12 | $34K | $34K | ||
| Office expensesLn 13 | $9K | $7K | $2K | |
| Information technologyLn 14 | $10K | $8K | $2K | |
| OccupancyLn 16 | $445K | $445K | ||
| TravelLn 17 | $357 | $357 | ||
| Conferences, conventions and meetingsLn 19 | $1K | $834 | $315 | |
| Payments to affiliatesLn 21 | $775K | $775K | ||
| Depreciation, depletion and amortizationLn 22 | $469K | $469K | ||
| InsuranceLn 23 | $40K | $38K | $2K | |
| Total functional expensesLn 25 | $2.0M | $1.8M | $127K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.5M | $4.7M | −$2.2M | $7.5M | 990 PDF |
| FY2024 | $4.0M | $2.2M | $1.7M | $9.7M | 990 PDF |
| FY2023 | $2.7M | $2.3M | $395K | $8.0M | 990 PDF |
| FY2022 | $2.6M | $2.1M | $479K | $7.6M | 990 PDF |
| FY2021 | $2.3M | $2.4M | −$123K | $7.0M | 990 PDF |
| FY2020 Viewing | $2.5M | $2.0M | $521K | $7.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $2,497,639 revenue, 12 lines filed
Part VI · Governance 6 of 11 board members independent, 2 to look at
Part VIII · Statement of revenue $2,497,639 across 4 lines filed
Part IX · Statement of functional expenses $1,976,300 across 16 lines filed
Part X · Balance sheet $21,244,370 assets, 13 lines filed
Part XI · Reconciliation of net assets $7,110,644 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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