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New Space New Mexico

Tax-deductible

Albuquerque, NM501(c)(3)EnvironmentEIN 84-1966957Revenue $2.5M in FY2024

On file with the IRSnewspacenm.org2104 Dietz Pl Nw, 87107-3108 · Albuquerque, NMTax-exempt since Nov 2019Publicly supported — 509(a)(2)

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Newspace New Mexico is a 501(c)(3) non-profit that is accelerating the pace of Space innovation by uniting and igniting the industry. Through unite & ignite Space, a first-of-its-kind co-innovation hub, stakeholders gain access to workspaces, equipment, programming, rapid prototyping and demonstration, and resources needed for innovation and rapid progress. Services include access to Space ecosystem knowledge, public events, and networking; navigation services that provide tailored guidance and direct assistance to fast-track business growth, and collaborative innovation services that ignite product and solution development.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 5 volunteers and 4 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
4 of 5
filings with a surplus
Average surplus $72K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$699K
to officers and key staff · 32% of spending
Top officer’s pay higher than 93% of similar orgs
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$471K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+13% vs prior year
Spent
$2.2M
To programs
83%
Net assets
$595K
By yearFY2020–FY2024
Revenue
$2.5M
FY2024▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$594K
FY2021$915K
FY2022$2.1M
FY2023$2.2M
FY2024$2.5M
Expenses
$2.2M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$560K
FY2021$972K
FY2022$2.0M
FY2023$2.1M
FY2024$2.2M
Net assets
$595K
FY2024▲ +69%
Tap a bar for its year
Net assets by fiscal year
FY2020$40K
FY2021−$18K
FY2022$21K
FY2023$353K
FY2024$595K

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

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2019.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.8M Management & general 16% · $361K Fundraising 1% · $21K

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

12 people listed on the 990; $699K paid to officers and key staff.

Part VII, Section A · reportable compensation
$250,798Pt VII · Sec A
Scott R Maethner
VP, Operations & Integration
$218,080Pt VII · Sec A
Jason Sadler
Senior Advisor
$129,086Pt VII · Sec A
Arial Deherrera
VP, Programs
$101,390Pt VII · Sec A
$0Pt VII · Sec A
Gary King
Director
$0Pt VII · Sec A
Joe Sciabica
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Casey Anglada Deraad’s $251K as CEO is at the 93rd percentile of top reported officer pay among 1851 $1–10M environment 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Casey Anglada Deraad$250,798$250,798$231,204$233,100$216,000
Scott R Maethner$218,080$215,110———
Jason Sadler$129,086————
Arial Deherrera$101,390————

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

Unites and ignites the space industry through a co-innovation hub for rapid progress.

Questions for New Space New Mexico

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Provided by the organization

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2 programs · $1.8M · in their own filed words · FY2024
01

Other Programs

See schedule o

$1.1Mprogram expense
02

New space new mexico conducted various studies financed by grants for the purpose of moving the space industry forward and providing opportunities to a greater number of particpants and potential participants.

$747Kprogram expense

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 · 1 grant · $60K · 2024–2024
University of New Mexico Foundation IncorporatedNM · FY2024$60,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$151K
Other incomeLn 4–11$964
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$361K
Fundraisingcol D$21K
Owns and owesPt X
$595K
net assets · Ln 32
Cash and savingsLn 1–2$301K
Total assetsLn 16$1.1M
LiabilitiesLn 26$471K
PeoplePt VI, VII
12
listed · VII A
PaidVII A4
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Government grantsLn 1e$2.3M
Fees for servicesLn 2g$151K
Other incomeLn 4–11$964
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$301K
Cash and savings togetherLn 1–2$301K
Land, buildings, equipmentLn 10c$248K
Other assetsLn 15$247K
Total assetsLn 16$1.1M
LiabilitiesLn 26$471K
Net assetsLn 32$595K
OperationsPt I, VI
EmployeesI 54
VolunteersI 65
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 FY24End FY24
Cash and savingsLn 1–2$71K$301K
Land, buildings, equipmentLn 10c$260K$248K
Total assetsLn 16$742K$1.1M
LiabilitiesLn 26$390K$471K
Net assetsLn 32$353K$595K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$66K$66K
Pay of current officers, directors and key staffLn 5$279K$198K$78K$3K
Other salaries and wagesLn 7$848K$697K$142K$9K
Pension plan contributionsLn 8$19K$16K$3K$208
Other employee benefitsLn 9$34K$27K$7K$365
Payroll taxesLn 10$77K$61K$15K$823
Legal feesLn 11b$3K$2K$982
Accounting feesLn 11c$83K$57K$26K
Other fees for servicesLn 11g$279K$279K
Advertising and promotionLn 12$75K$51K$18K$6K
Office expensesLn 13$10K$10K$44$58
OccupancyLn 16$117K$117K$152
TravelLn 17$86K$86K
Conferences, conventions and meetingsLn 19$51K$38K$12K$509
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$21K$21K$28
InsuranceLn 23$11K$6K$5K
Other expenses (24a–d)Ln 24$143K$98K$44K$429
All other expensesLn 24e$3K$3K$431$270
Total functional expensesLn 25$2.2M$1.8M$361K$21K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.5M$2.2M$243K$595K 990 PDF
FY2023 $2.2M$2.1M$102K$353K 990 PDF
FY2022 $2.1M$2.0M$39K$21K 990 PDF
FY2021 $915K$972K−$57K−$18K 990 PDF
FY2020 $594K$560K$35K$40K 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 (6 parts)
Part I · Summary $2,458,181 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,970,545$2,306,679
I-9 Program service revenuePrior year $213,199$150,538
I-10 Investment incomePrior year $1$0
I-11 Other revenuePrior year $0$964
I-12 Total revenuePrior year $2,183,745$2,458,181
I-13 Grants and similar amounts paidPrior year $0$65,840
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $916,801$1,257,141
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,164,773$891,914
I-18 Total expensesPrior year $2,081,574$2,214,895
I-19 Revenue less expensesPrior year $102,171$243,286
Part VI · Governance 8 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,458,181 across 6 lines filed
VIII-1e Government grants$2,289,179
VIII-1f All other contributions, gifts and grants$17,500
VIII-1h Total contributions, gifts and grants$2,306,679
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $150,538$150,538
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $964$964
VIII-12 Total revenueRelated to mission $150,538 · Unrelated business $0 · Excluded from tax $964$2,458,181
Part IX · Statement of functional expenses $2,214,895 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $65,840$65,840
IX-5 Pay of current officers, directors and key staffPrograms $198,263 · Management $78,189 · Fundraising $2,792$279,244
IX-7 Other salaries and wagesPrograms $696,830 · Management $141,901 · Fundraising $9,263$847,994
IX-8 Pension plan contributionsPrograms $15,713 · Management $3,027 · Fundraising $208$18,948
IX-9 Other employee benefitsPrograms $27,116 · Management $6,554 · Fundraising $365$34,035
IX-10 Payroll taxesPrograms $61,128 · Management $14,969 · Fundraising $823$76,920
IX-11b Legal feesPrograms $2,134 · Management $982$3,116
IX-11c Accounting feesPrograms $57,022 · Management $26,258$83,280
IX-11g Other fees for servicesPrograms $278,736$278,736
IX-12 Advertising and promotionPrograms $51,040 · Management $18,136 · Fundraising $5,860$75,036
IX-13 Office expensesPrograms $9,947 · Management $44 · Fundraising $58$10,049
IX-16 OccupancyPrograms $117,016 · Management $152$117,168
IX-17 TravelPrograms $85,688$85,688
IX-19 Conferences, conventions and meetingsPrograms $38,150 · Management $12,208 · Fundraising $509$50,867
IX-20 InterestManagement $8,876$8,876
IX-22 Depreciation, depletion and amortizationPrograms $21,438 · Management $28$21,466
IX-23 InsurancePrograms $6,432 · Management $4,701$11,133
IX-24 Other expenses (24a–d)Programs $98,453 · Management $44,185 · Fundraising $429$143,067
IX-24e All other expensesPrograms $2,731 · Management $431 · Fundraising $270$3,432
IX-25 Total functional expensesPrograms $1,833,677 · Management $360,641 · Fundraising $20,577$2,214,895
Part X · Balance sheet $1,065,545 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $71,478$300,778
X-4 Accounts receivableStart of year $339,418$254,515
X-9 Prepaid expenses and deferred chargesStart of year $18,590$15,015
X-10c Land, buildings and equipment, netStart of year $260,154$248,047
X-15 Other assetsStart of year $52,824$247,190
X-16 Total assetsStart of year $742,464$1,065,545
X-17 Accounts payable and accrued expensesStart of year $333,804$223,730
X-25 Other liabilitiesStart of year $52,824$247,190
X-26 Total liabilitiesStart of year $389,961$470,920
X-27 Net assets without donor restrictionsStart of year $352,503$594,625
X-32 Total net assets or fund balancesStart of year $352,503$594,625
X-33 Total liabilities and net assetsStart of year $742,464$1,065,545
Part XI · Reconciliation of net assets $594,625 net assets at year end
XI-1 Total revenue$2,458,181
XI-2 Total expenses$2,214,895
XI-3 Revenue less expenses$243,286
XI-4 Net assets at start of year$352,503
XI-8 Prior period adjustments−$1,164
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$594,625

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

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