New Mexico Baptist Foundation
The New Mexico Baptist Foundation seeks to fulfill its mission to generate funds for kingdom causes around the world. We are committed to assisting individuals, churches, and charities impacting the world through the faithful stewardship of god's resources. The foundation manages funds entrusted for the ongoing benefit of churches, missions, ministry, and charitable organizations. In addition, the foundation provides resources for estate planning, charitable gifting, endowment creation, scholarships, church finance, and compassion causes.
Key facts about New Mexico Baptist Foundation
- EIN
- 85-0158371
- Latest 990 filing
- Form 990, 2025
- Total assets
- $71,062,438
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$71.1M
+14.8% YoY
Revenue
$2.7M
+63.6% YoY
Net Investment Income
$737K
+744.2% YoY
Expenses
$1.9M
+11.3% YoY
About New Mexico Baptist Foundation
Based on IRS filings
New Mexico Baptist Foundation is a public charity focused on religion, based in Albuquerque, NM. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $71.1M in total assets. Net investment income was $737K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 4 grants totaling $46K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $71,062,438 | $61,900,462 | $55,458,452 |
| Revenue | $2,739,380 | $1,674,849 | $2,466,429 |
| Expenses | $1,864,160 | $1,675,464 | $2,620,542 |
| Net Investment Income | $736,597 | $87,254 | $-31,781 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 16, 2020)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 14, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS August 11, 2026)
Leadership & Key People
Officers and directors from IRS filings
New Mexico Baptist Foundation is led by Rick Breeden, President on every filing since 2019; 2 of 13 officers listed in 2025 are compensated.
Officers on the 2025 filing
Rick Breeden
President
On filings since 2019
40 hrs/week
$142K (2019) → $332K (2025)
Ted With
Chairman
Director → Vice Chairman, 2021
Vice Chairman → Chairman, 2024
On filings since 2019
2 hrs/week
No compensation reported
Randy Patterson
Director
On filings since 2019
1 hr/week
No compensation reported
John Loudat
Director
On filings since 2020
1 hr/week
No compensation reported
Richard Gomez
Director
On filings since 2021
1 hr/week
No compensation reported
Steve Ballew
Director
On filings since 2021
1 hr/week
No compensation reported
Chris Payton
Director
On filings since 2023
1 hr/week
No compensation reported
Andy Byers
Director
New on the 2025 filing
1 hr/week
No compensation reported
John Campbell
Director
New on the 2025 filing
1 hr/week
No compensation reported
Michael Dean
Director
New on the 2025 filing
1 hr/week
No compensation reported
Dayna Melvin
CFO
New on the 2025 filing
40 hrs/week
$133K (2025)
Linda Dean
Secretary
Director → Secretary, 2024
On filings since 2019
2 hrs/week
No compensation reported
Robert Ewing
Vice Chair
Director → Secretary, 2021
Secretary → Vice Chair, 2024
On filings since 2019
2 hrs/week
No compensation reported
Former officers (8)
- Former: Carroll Vaughn (2019–2024) — Director
- Former: Charles Stockton (2019–2024) — Director
- Former: Lewis Williams (2022–2024) — Director
- Former: Anne McCollum (2019–2022) — Director
- Former: Larry Erwin (2019–2021) — Director
- Former: James Francis (2019–2020) — Chairman
- Former: Joseph Bunce (2019–2020) — Director
- Former: Judith Edwards (2019–2020) — Vice Chairman
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $332K, to Rick Breeden (President). 2 officers or directors reported compensation on that filing.
Frequently asked questions about New Mexico Baptist Foundation
How large is New Mexico Baptist Foundation?
New Mexico Baptist Foundation reported $71.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.7M.
What is New Mexico Baptist Foundation?
New Mexico Baptist Foundation is a public charity focused on religion, based in Albuquerque, NM. It holds $71.1M in total assets as of 2025.
Where does New Mexico Baptist Foundation operate?
New Mexico Baptist Foundation has awarded grants in New Mexico, Pennsylvania, Texas.
What is New Mexico Baptist Foundation's EIN?
New Mexico Baptist Foundation's EIN (Employer Identification Number) is 85-0158371. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching New Mexico Baptist Foundation by hand.
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