Nm-New INC

Albuquerque, NMUnknown exempt organization EIN 85-3458979Revenue $180 in FY2023

On file with the IRSnm-new.org5901 Indian School Rd Ne · Albuquerque, NM

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Our mission is to capture the genius and proactively engage New elders by providing pathways of engagement through learning events, work and/or volunteer opportunities, and social connections.

38¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
4
named funders · $60K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$180
-100% vs prior year
Spent
$32K
To programs
38%
Net assets
$0
By yearFY2021–FY2023
Revenue
$180
FY2023▼ -100%
Tap a bar for its year
Revenue by fiscal year
FY2021$119K
FY2022$136K
FY2023$180
Expenses
$32K
FY2023▼ -73%
Tap a bar for its year
Expenses by fiscal year
FY2021$103K
FY2022$120K
FY2023$32K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2021$16K
FY2022$32K
FY2023$0

From the FY2023 Form 990 (year ending August 2023) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $12K Management & general 60% · $19K Fundraising 2% · $601

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

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Interim Exec
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nm-New 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 15aYes

Programs and updates

Connects elders with learning, work, and social opportunities to share their wisdom.

Questions for Nm-New INC

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Provided by the organization

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1 program · $12K · in their own filed words · FY2022
01

As described in line 3, NM new went through significant changes and was acquired by CNM ingenuity,inc. The amount reported as a grant to another organization is in fact the value of net assets that we transferred to CNM ingenuity, inc. Upon dissolution of NM new.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
See all 4 funders →
Grants paid · 1 grant · $12K · 2022–2022
Cnm Ingenuity IncoprorationNM · FY2022$11,892

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$180
Ln 12
Gifts and grantsLn 1h$150
Investment incomeLn 3$30
Money outPt IX
$32K
Ln 25
Programscol B$12K
Managementcol C$19K
Fundraisingcol D$601
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150
Investment incomeLn 3$30
Total revenueLn 12$180
Assets in detailPt X, end of year
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Total assetsLn 16$33K$0
LiabilitiesLn 26$974$0
Net assetsLn 32$32K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$634$634
Office expensesLn 13$658$258$400
Information technologyLn 14$3K$60$3K$121
OccupancyLn 16$300$300
Conferences, conventions and meetingsLn 19$798$108$610$80
InsuranceLn 23$981$981
Other expenses (24a–d)Ln 24$8K$150$8K
Total functional expensesLn 25$32K$12K$19K$601

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $180$32K−$32K$0 990 PDF
FY2022 $136K$120K$16K$32K 990 PDF
FY2021 $119K$103K$16K$16K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $180 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $135,682$150
I-9 Program service revenue$0
I-10 Investment incomePrior year $117$30
I-11 Other revenue$0
I-12 Total revenuePrior year $135,799$180
I-13 Grants and similar amounts paid$11,892
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $73,714$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $46,015$20,235
I-18 Total expensesPrior year $119,729$32,127
I-19 Revenue less expensesPrior year $16,070−$31,947
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $180 across 4 lines filed
VIII-1f All other contributions, gifts and grants$150
VIII-1h Total contributions, gifts and grants$150
VIII-3 Investment incomeExcluded from tax $30$30
VIII-12 Total revenueExcluded from tax $30$180
Part IX · Statement of functional expenses $32,127 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $11,892$11,892
IX-11b Legal feesManagement $1,523$1,523
IX-11c Accounting feesManagement $4,223$4,223
IX-11g Other fees for servicesManagement $634$634
IX-13 Office expensesManagement $258 · Fundraising $400$658
IX-14 Information technologyPrograms $60 · Management $2,702 · Fundraising $121$2,883
IX-16 OccupancyManagement $300$300
IX-19 Conferences, conventions and meetingsPrograms $108 · Management $610 · Fundraising $80$798
IX-23 InsuranceManagement $981$981
IX-24 Other expenses (24a–d)Programs $150 · Management $8,085$8,235
IX-25 Total functional expensesPrograms $12,210 · Management $19,316 · Fundraising $601$32,127
Part X · Balance sheet $0 assets, 4 lines filed
X-16 Total assetsStart of year $32,921$0
X-26 Total liabilitiesStart of year $974$0
X-32 Total net assets or fund balancesStart of year $31,947$0
X-33 Total liabilities and net assetsStart of year $32,921$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$180
XI-2 Total expenses$32,127
XI-3 Revenue less expenses−$31,947
XI-4 Net assets at start of year$31,947
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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