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.
New Mexico Baptist Foundation at a glance
- Total assets
- $71,062,438
- +14.8% vs 2024
- Revenue (2025)
- $2,739,380
- +63.6% vs 2024
- Net investment income (2025)
- $736,597
- +744.2% vs 2024
- Expenses (2025)
- $1,864,160
- +11.3% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who New Mexico Baptist Foundation funds
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%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 4 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Guidestone Dallas, TX | Pastor Retirement | $11,486 |
| New Mexico Baptist Childrens Home Portales, NM | Foster Care Assistan | $11,486 |
| American Bible Society Philidelphia, PA | Bible Distribution | $11,486 |
| Share the Joy Albuquerque, NM | Womens Gospel Ed. | $11,329 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $71,062,438 | $2,739,380 | $1,864,160 | — | — | $736,597 |
| 2024 | $61,900,462 | $1,674,849 | $1,675,464 | $45,787 | 4 | $87,254 |
| 2023 | $55,458,452 | $2,466,429 | $2,620,542 | — | — | $-31,781 |
| 2022 | $49,118,538 | $2,609,401 | $1,750,613 | — | — | $1,036,292 |
| 2021 | $58,684,099 | $1,801,969 | $1,705,412 | — | — | $-540,336 |
| 2020 | $50,366,243 | $1,655,131 | $1,494,915 | — | — | $210,998 |
| 2019 | $47,843,684 | $2,113,203 | $1,633,467 | — | — | $179,225 |
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
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.
Data update history
(3)
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)
Live grants for the work New Mexico Baptist Foundation funds
Religion Related Open opportunities, soonest deadline first.
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Browse active grant opportunities in New Mexico Baptist Foundation's focus areas in our free grants database
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New Mexico Baptist Foundation down — hundreds of funders to go?