Sandia Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 85-6009907)

Riis Gonzales’s $316K as President & is at the 96th 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
Riis Gonzales	$315,550	$303,095	$249,147	$232,917	$224,951
Mark Benak Trustee	$4,305	$4,000	$4,000	$4,000	$2,000
Bernard E Brummell Trustee	$4,305	$4,000	$4,000	$4,000	$2,000
Harold W Lavender JR Trustee	$4,305	$4,000	$4,000	$4,000	$2,000
Christopher Pacheco Trustee	$4,305	$4,000	$4,000	$4,000	$2,000
James G Dobbie Trustee	$4,305	$2,000	$3,000	$4,000	$2,000
Ed Garcia Trustee	$4,305	$4,000	$4,000	$4,000	$2,000
David Walker Trustee	$4,305	$4,000	$4,000	—	—

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

Invests in real estate and securities, distributing profits to Dickinson College, the University of New Mexico, and Albuquerque charities.

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Provided by the organization

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1 program · $3.6M · in their own filed words · FY2020

01

Distributions to Be Paid to the Following Beficiaries

Dickinson college - 1,620,000 regents of the university of new mexico - 1,620,000 other beneficiaries - 360,000

$3.6Mprogram 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 · 15 grants · $19.2M · 2020–2024

University of New MexicoFY2024$1,890,000

Dickinson CollegePA · FY2024$1,890,000

Albuquerque Community FoundationNM · FY2024$424,500

University of New MexicoFY2023$1,737,000

Dickinson CollegePA · FY2023$1,737,000

Albuquerque Community FoundationNM · FY2023$386,000

University of New MexicoFY2022$1,687,500

Dickinson CollegePA · FY2022$1,687,500

Albuquerque Community FoundationNM · FY2022$375,000

University of New MexicoFY2021$1,698,750

Dickinson CollegePA · FY2021$1,698,750

Albuquerque Community FoundationNM · FY2021$387,500

University of New MexicoFY2020$1,620,000

Dickinson CollegePA · FY2020$1,620,000

Albuquerque Community FoundationNM · FY2020$360,000

By the numbers

The FY2021 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$5.0M

Ln 12

Other incomeLn 4–11$2.6M

Investment incomeLn 3$2.4M

Money outPt IX

$4.5M

Ln 25

Programscol B$3.6M

Managementcol C$869K

Owns and owesPt X

$105.6M

net assets · Ln 32

Cash and savingsLn 1–2$335K

Total assetsLn 16$111.6M

LiabilitiesLn 26$6.0M

PeoplePt VI, VII

15

listed · VII A

PaidVII A15

Voting boardVI 1a14

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$2.4M

Other incomeLn 4–11$2.6M

Gains on assetsLn 7$1.4M

Total revenueLn 12$5.0M

Assets in detailPt X, end of year

CashLn 1$335K

Cash and savings togetherLn 1–2$335K

InvestmentsLn 11–13$67.1M

Land, buildings, equipmentLn 10c$44.0M

Total assetsLn 16$111.6M

LiabilitiesLn 26$6.0M

Net assetsLn 32$105.6M

OperationsPt I, VI

EmployeesI 53

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$326K	$335K
InvestmentsLn 11–13	$52.0M	$67.1M
Land, buildings, equipmentLn 10c	$43.9M	$44.0M
Total assetsLn 16	$96.4M	$111.6M
LiabilitiesLn 26	$6.1M	$6.0M
Net assetsLn 32	$90.3M	$105.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$3.6M	$3.6M
Pay of current officers, directors and key staffLn 5	$227K		$227K
Other salaries and wagesLn 7	$125K		$125K
Pension plan contributionsLn 8	$33K		$33K
Other employee benefitsLn 9	$68K		$68K
Payroll taxesLn 10	$22K		$22K
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$26K		$26K
Investment management feesLn 11f	$196K		$196K
Other fees for servicesLn 11g	$43K		$43K
Office expensesLn 13	$33K		$33K
TravelLn 17	$13K		$13K
Conferences, conventions and meetingsLn 19	$20K		$20K
Depreciation, depletion and amortizationLn 22	$2K		$2K
InsuranceLn 23	$50K		$50K
Other expenses (24a–d)Ln 24	$10K		$10K
Total functional expensesLn 25	$4.5M	$3.6M	$869K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$8.3M	$5.7M	$2.6M	$115.3M	990 PDF
FY2024	$7.4M	$5.2M	$2.1M	$109.3M	990 PDF
FY2023	$6.1M	$5.2M	$940K	$100.9M	990 PDF
FY2022	$6.1M	$5.0M	$1.1M	$95.9M	990 PDF
FY2021 Viewing	$5.0M	$4.5M	$498K	$105.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $4,967,122 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment incomePrior year $2,974,175$2,415,874

I-11 Other revenuePrior year $2,208,454$2,551,248

I-12 Total revenuePrior year $5,182,629$4,967,122

I-13 Grants and similar amounts paidPrior year $3,335,000$3,600,000

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $459,497$474,438

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $405,210$394,263

I-18 Total expensesPrior year $4,199,707$4,468,701

I-19 Revenue less expensesPrior year $982,922$498,421

Part VI · Governance 12 of 14 board members independent, no flags

VI-1a Voting members of the governing body14

VI-1b Independent voting members12

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $4,967,122 across 5 lines filed

VIII-3 Investment incomeExcluded from tax $1,008,320$1,008,320

VIII-5 RoyaltiesExcluded from tax $8,292$8,292

VIII-6 Net rental income or lossExcluded from tax $2,542,956$2,542,956

VIII-7 Net gain or loss on sales of assetsRelated to mission $1,407,554$1,407,554

VIII-12 Total revenueRelated to mission $1,407,554 · Excluded from tax $3,559,568$4,967,122

Part IX · Statement of functional expenses $4,468,701 across 16 lines filed

IX-1 Grants to domestic organizationsPrograms $3,600,000$3,600,000

IX-5 Pay of current officers, directors and key staffManagement $227,038$227,038

IX-7 Other salaries and wagesManagement $124,755$124,755

IX-8 Pension plan contributionsManagement $33,198$33,198

IX-9 Other employee benefitsManagement $67,590$67,590

IX-10 Payroll taxesManagement $21,857$21,857

IX-11b Legal feesManagement $1,337$1,337

IX-11c Accounting feesManagement $26,429$26,429

IX-11f Investment management feesManagement $196,146$196,146

IX-11g Other fees for servicesManagement $42,947$42,947

IX-13 Office expensesManagement $32,580$32,580

IX-17 TravelManagement $12,517$12,517

IX-19 Conferences, conventions and meetingsManagement $20,422$20,422

IX-22 Depreciation, depletion and amortizationManagement $2,498$2,498

IX-23 InsuranceManagement $49,885$49,885

IX-24 Other expenses (24a–d)Management $9,502$9,502

IX-25 Total functional expensesPrograms $3,600,000 · Management $868,701 · Fundraising $0$4,468,701

Part X · Balance sheet $111,642,478 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $326,147$334,543

X-4 Accounts receivableStart of year $112,079$144,524

X-9 Prepaid expenses and deferred chargesStart of year $54,696$69,968

X-10c Land, buildings and equipment, netStart of year $43,936,758$43,993,891

X-11 Publicly traded securitiesStart of year $48,696,969$61,166,690

X-12 Other securitiesStart of year $3,025,701$5,672,150

X-13 Program-related investmentsStart of year $280,293$260,712

X-16 Total assetsStart of year $96,432,643$111,642,478

X-17 Accounts payable and accrued expensesStart of year $893,702$642,620

X-18 Grants payableStart of year $3,325,000$3,600,000

X-25 Other liabilitiesStart of year $68,661$80,602

X-26 Total liabilitiesStart of year $6,120,382$6,002,562

X-27 Net assets without donor restrictionsStart of year $90,312,261$105,639,916

X-32 Total net assets or fund balancesStart of year $90,312,261$105,639,916

X-33 Total liabilities and net assetsStart of year $96,432,643$111,642,478

Part XI · Reconciliation of net assets $105,639,916 net assets at year end

XI-1 Total revenue$4,967,122

XI-2 Total expenses$4,468,701

XI-3 Revenue less expenses$498,421

XI-4 Net assets at start of year$90,312,261

XI-5 Net unrealized gains (losses) on investments$15,084,373

XI-9 Other changes in net assets−$255,139

XI-10 Net assets at end of year$105,639,916

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Sandia Foundation FY2021 filing

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