Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 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
37 people listed on the 990; $1.2M paid to officers and key staff.
Elizabeth Kuuttila’s $390K as CEO & Chief Economic Dev. Officer is at the 98th percentile of top reported officer pay among 3395 $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 · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Elizabeth Kuuttila | $390,104 | $297,854 | $319,750 | $793,550 | — |
| Elizabeth J Kuttilla | — | — | — | — | $719,818 |
| Cara Michaliszyn | $182,121 | $126,450 | $131,833 | $319,373 | $297,791 |
| Arlene Young | $175,810 | $117,613 | $127,574 | $302,969 | $273,567 |
| Mathis Shinnick | — | — | $234,336 | — | — |
| Preston Hendrix | — | — | — | $222,886 | $210,324 |
| Eri Hoshi | — | — | — | — | $209,644 |
| H Brian Mirabal | $207,870 | $146,245 | $145,186 | $11,378 | — |
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 15aYes
Programs and updates
Commercialize university technologies through innovation management and licensing.
Questions for Unm Rainforest Innovations
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Unm rainforest innovations is the technology transfer organization supporting the university of new mexico ("unm"), and the corporation was formed under the state of new mexico university research park and economic development act.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.2M | $4.2M |
| InvestmentsLn 11–13 | $12.7M | $12.6M |
| Land, buildings, equipmentLn 10c | $26K | $15K |
| Total assetsLn 16 | $21.9M | $17.9M |
| LiabilitiesLn 26 | $9.9M | $5.5M |
| Net assetsLn 32 | $12.1M | $12.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $25K | $25K | ||
| Grants to domestic individualsLn 2 | $408K | $408K | ||
| Pay of current officers, directors and key staffLn 5 | $851K | $669K | $181K | |
| Other salaries and wagesLn 7 | $1.0M | $815K | $204K | |
| Pension plan contributionsLn 8 | $143K | $114K | $29K | |
| Other employee benefitsLn 9 | $114K | $91K | $23K | |
| Payroll taxesLn 10 | $106K | $84K | $21K | |
| Legal feesLn 11b | $1.7M | $1.7M | $3K | |
| Accounting feesLn 11c | $40K | $40K | ||
| Investment management feesLn 11f | $63K | $63K | ||
| Other fees for servicesLn 11g | $24K | $24K | ||
| Office expensesLn 13 | $22K | $17K | $4K | |
| Information technologyLn 14 | $25K | $20K | $5K | |
| RoyaltiesLn 15 | $688K | $688K | ||
| TravelLn 17 | $8K | $6K | $2K | |
| Conferences, conventions and meetingsLn 19 | $190K | $190K | $114 | |
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $167K | $167K | ||
| InsuranceLn 23 | $49K | $49K | ||
| Other expenses (24a–d)Ln 24 | $4.2M | $4.2M | ||
| Total functional expensesLn 25 | $9.9M | $9.1M | $795K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $9.1M | $9.9M | −$719K | $12.4M | 990 PDF |
| FY2024 | $8.2M | $9.3M | −$1.1M | $12.1M | 990 PDF |
| FY2023 | $4.4M | $5.4M | −$1.0M | $11.9M | 990 PDF |
| FY2022 | $8.6M | $8.9M | −$364K | $11.9M | 990 PDF |
| FY2021 | $58.0M | $52.3M | $5.7M | $14.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $9,148,542 revenue, 12 lines filed
Part VI · Governance 16 of 28 board members independent, 1 to look at
Part VIII · Statement of revenue $9,148,542 across 8 lines filed
Part IX · Statement of functional expenses $9,867,677 across 20 lines filed
Part X · Balance sheet $17,853,939 assets, 16 lines filed
Part XI · Reconciliation of net assets $12,385,536 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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