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Four Corners Innovations INC

Tax-deductible

Farmington, NM501(c)(3)Since 2012EducationEIN 45-4966543Revenue $176K in FY2025

On file with the IRSfourcornersinnovations.org5101 College Blvd 57, 87402-4709 · Farmington, NMTax-exempt since Jul 2014Supporting org, Type I — 509(a)(3)

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To promote the public welfare and prosperity of the people of new mexico; to foster economic development within new mexico; and to engage in other cooperative ventures of innovative technological significance that will advance education, science, research, conservation, or economic development within new mexico.

501(c)(3) charity; gifts are tax-deductible.
50¢ 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 $12K a year · 6% 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
50%
of spending
Worth a look: 50% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
34 mo
of spending, in cash
Looks good: 33.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$70K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$176K
-44% vs prior year
Spent
$170K
To programs
50%
Net assets
$619K
By yearFY2020–FY2025
Revenue
$176K
FY2025▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$141K
FY2021$89K
FY2022$284K
FY2023$156K
FY2024$318K
FY2025$176K
Expenses
$170K
FY2025▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$160K
FY2021$121K
FY2022$223K
FY2023$197K
FY2024$224K
FY2025$170K
Net assets
$619K
FY2025▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$526K
FY2021$494K
FY2022$555K
FY2023$518K
FY2024$609K
FY2025$619K

From the FY2025 Form 990 (year ending June 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2014.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $86K Management & general 50% · $85K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Joe Rasor
Director
$0Pt VII · Sec A
Allen McCulloch
Director/Cha
$0Pt VII · Sec A
Ireke Cooper
Director/Sec
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
John a Byrom
Director
$0Pt VII · Sec A
See Four Corners Innovations INC 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

Fosters economic development and innovation in New Mexico through education, science, and conservation.

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Provided by the organization

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3 programs · $86K · in their own filed words · FY2024
01

CDL testing

$62Kprogram expense
02

Supplied training, with training materials and conferences to the residents and businesses of san juan county, new mexico.

$14Kprogram expense
03

Biennially, host an energy conference, with distinguished speakes, to the residents and businesses of san juan county, new mexico.

$10Kprogram 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 · FY2023
Merrion Family FoundationFY2023$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$176K
Ln 12
Fees for servicesLn 2g$161K
Investment incomeLn 3$15K
Money outPt IX
$170K
Ln 25
Programscol B$86K
Managementcol C$85K
Owns and owesPt X
$619K
net assets · Ln 32
Cash and savingsLn 1–2$480K
Total assetsLn 16$689K
LiabilitiesLn 26$70K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$161K
Investment incomeLn 3$15K
Total revenueLn 12$176K
Assets in detailPt X, end of year
CashLn 1$480K
Cash and savings togetherLn 1–2$480K
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$199K
Total assetsLn 16$689K
LiabilitiesLn 26$70K
Net assetsLn 32$619K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
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$440K$480K
Land, buildings, equipmentLn 10c$12K$11K
Total assetsLn 16$652K$689K
LiabilitiesLn 26$39K$70K
Net assetsLn 32$613K$619K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$37K$37K
Legal feesLn 11b$105$105
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$18K$18K
OccupancyLn 16$5K$5K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$86K$86K
Total functional expensesLn 25$170K$86K$85K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $176K$170K$6K$619K 990 PDF
FY2024 $318K$224K$94K$609K 990 PDF
FY2023 $156K$197K−$41K$518K 990 PDF
FY2022 $284K$223K$60K$555K 990 PDF
FY2021 $89K$121K−$32K$494K 990 PDF
FY2020 $141K$160K−$19K$526K 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 (6 parts)
Part I · Summary $176,477 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $304,026$161,248
I-10 Investment incomePrior year $13,894$15,229
I-11 Other revenue$0
I-12 Total revenuePrior year $317,920$176,477
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $37,739$37,318
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $186,680$132,883
I-18 Total expensesPrior year $224,419$170,201
I-19 Revenue less expensesPrior year $93,501$6,276
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $176,477 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $161,248$161,248
VIII-3 Investment incomeRelated to mission $15,229$15,229
VIII-12 Total revenueRelated to mission $176,477$176,477
Part IX · Statement of functional expenses $170,201 across 9 lines filed
IX-7 Other salaries and wagesManagement $37,318$37,318
IX-11b Legal feesManagement $105$105
IX-11c Accounting feesManagement $11,176$11,176
IX-12 Advertising and promotionManagement $2,022$2,022
IX-13 Office expensesManagement $18,328$18,328
IX-16 OccupancyManagement $4,873$4,873
IX-22 Depreciation, depletion and amortizationManagement $1,434$1,434
IX-23 InsuranceManagement $9,417$9,417
IX-24 Other expenses (24a–d)Programs $85,528$85,528
IX-25 Total functional expensesPrograms $85,528 · Management $84,673 · Fundraising $0$170,201
Part X · Balance sheet $689,186 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $440,457$479,709
X-10c Land, buildings and equipment, netStart of year $12,195$10,761
X-15 Other assetsStart of year $198,716$198,716
X-16 Total assetsStart of year $652,368$689,186
X-17 Accounts payable and accrued expensesStart of year $3,528$7,421
X-25 Other liabilitiesStart of year $35,824$62,473
X-26 Total liabilitiesStart of year $39,352$69,894
X-27 Net assets without donor restrictionsStart of year $610,516$616,792
X-28 Net assets with donor restrictionsStart of year $2,500$2,500
X-32 Total net assets or fund balancesStart of year $613,016$619,292
X-33 Total liabilities and net assetsStart of year $652,368$689,186
Part XI · Reconciliation of net assets $619,292 net assets at year end
XI-1 Total revenue$176,477
XI-2 Total expenses$170,201
XI-3 Revenue less expenses$6,276
XI-4 Net assets at start of year$613,016
XI-10 Net assets at end of year$619,292

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

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