New Mexico Mining Association FY2023 filing

Santa Fe, NM · Business league / trade association

! Not tax-deductible
Revenue
$281K
+5% vs prior year
Spent
$287K
To programs
100%
Net assets
$250K
By yearFY2020–FY2024
Revenue
$281K
FY2023▲ +5%
Revenue by fiscal year
FY2020$190K
FY2021$182K
FY2022$267K
FY2023$281K
FY2024$342K
Expenses
$287K
FY2023▲ +25%
Expenses by fiscal year
FY2020$179K
FY2021$199K
FY2022$230K
FY2023$287K
FY2024$323K
Net assets
$250K
FY2023▼ -2%
Net assets by fiscal year
FY2020$235K
FY2021$218K
FY2022$256K
FY2023$250K
FY2024$270K

From the FY2023 Form 990 · see the original

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CNew Mexico Mining Association
EINHdr · item D85-0056921
Exempt statusHdr · item I501(c)(6) · active
Ruling yearIRS BMFJan 1962
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSanta Fe, NM
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.nmmining.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$287K
Total functional expensesLn 25$287K

Financial health

Is it on solid ground?

Operating surplus
-2%
revenue over expenses
Earned revenue
28%
of revenue from program services & dues
Payroll share
54%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$250K
FY2023▼ -2%
Total assets by fiscal year
FY2020$235K
FY2021$218K
FY2022$256K
FY2023$250K
FY2024$270K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$6K
Total assetsPt X · Ln 16$250K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$220K
Total assetsLn 16$250K
Total liabilitiesLn 26$0
Total net assetsLn 32$250K
Months of cash on handcomputed9.2

Statement of Revenue

Part VIII
Contributions & grants$197K · 70%
Program service revenue$79K · 28%
Investment income$6K · 2%
Contributions & grants70%$197K
Program service revenue28%$79K
Investment income2%$6K
Total revenueLn 12$281K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $220K · Operating expenses/yr $287K
9.2 months
Where the money goes
Program services
Program services $287K · Total expenses $287K
100%
Management & General
Management & general $0 · Total expenses $287K
0%
Fundraising
Fundraising $0 · Total expenses $287K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $181K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $197K · Total revenue $281K
70%
Government reliance
Government grants $0 · Total revenue $281K
0%
Earned-income share
Program service revenue $79K · Total revenue $281K
28%
Investment reliance
Investment income $6K · Total revenue $281K
+2%
Program self-sufficiency
Program service revenue $79K · Total expenses $287K
27%
Growth & trend
Revenue growth (YoY)
This year $281K · Prior year $267K
+5%
Net-asset trend (YoY)
End of year $250K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $281K · Expenses $287K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $250K
—
Net-asset ratio
Net assets $250K · Total assets $250K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $250K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael E Bowen · Reported title Executive Director · Highest reported compensation $132K · Total expenses $287K
46%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $154K · Total expenses $287K
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth 5%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$131,992Pt VII · Sec A
President
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael E Bowen—$131,992$127,208$123,065$123,065
Matthew Thompson$117,328————

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 New Mexico Mining Association executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Advocates for the mining industry in legislative and regulatory matters.

Provided by the organization

This section is blank until New Mexico Mining Association claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $287K of program spending, described in the organization's own filed words · FY2023.
01

Weekly Legislative Reports during our Legislative Session

$287Kprogram expense
02

Provide the membership with updates from the National Mining Association and Federal Rule Changes

Pt IX · col B
03

Represent the Membership at State Regulatory Meetings

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $342K$323K+22% 990 PDF
FY2023 Viewing $281K$287K+5% 990 PDF
FY2022 $267K$230K+47% 990 PDF
FY2021 $182K$199K-4% 990 PDF
FY2020 $190K$179K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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