New Mexico Military Institute Foundation Inc
The an individual recipient Military Institute Foundation Inc. is a Form 990 (a public charity) based in Roswell, an individual recipient Incorporated in 1945, it is a single-purpose nonprofit formed to support the an individual recipient Military Institute (NMMI), a state educational institution.
New Mexico Military Institute Foundation Inc at a glance
In short: New Mexico Military Institute Foundation Inc gave $2.4M across 10 grants in 2025 (avg $244K), mostly in New Mexico. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $2,437,678
- +13.2% vs 2024
- Grants made (2025)
- 10
- +11.1% vs 2024
- Average grant
- $243,768
- +1.9% vs 2024
- Median grant
- $158,938
- Total assets
- $93,478,839
- +8.7% vs 2024
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to New Mexico Military Institute Foundation Inc
- Contact
Mailing address: 101 W College Blvd, Roswell, NM 88201
Phone: (575) 624-8035
Website: https://nmmi.edu
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from New Mexico Military Institute Foundation Inc
Who New Mexico Military Institute Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was New Mexico Military Institute ($1.2M across 9 grants).
Organizations only. It also paid 1 individual scholarship ($1,199,338), which are not listed by name.
Grant Size Distribution
49 grants across all recorded years
The most common grant size was under $50K: 17 grants of 49 (35%).
Geographic Focus
Where this funder awards grants
All 2025 grant dollars went to recipients in an individual recipient The Knowles Legislative Scholarship is limited to an individual recipient residents.
Grant Distribution by State
Share of 2025 grant dollars across all 10 itemized grants.
States
Cities
How New Mexico Military Institute Foundation Inc gives
- Giving grew 44% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $1.7M (2022) to $2.4M (2025). In 2025 it made 10 grants totaling $2.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $1,199,338 |
| New Mexico Military Institute Roswell, NM | Leadership Programs and Operations | $328,367 |
| New Mexico Military Institute Roswell, NM | Academic Programs and Projects | $263,248 |
| New Mexico Military Institute Roswell, NM | Intermediate Preparatory Academy Operations Support | $200,000 |
| New Mexico Military Institute Roswell, NM | Athletic Programs | $175,203 |
| New Mexico Military Institute Roswell, NM | Admissions and Recruiting Programs | $142,673 |
| New Mexico Military Institute Roswell, NM | Cadet Activities Programs | $51,200 |
| New Mexico Military Institute Roswell, NM | Faculty and Staff Support Programs | $28,893 |
| New Mexico Military Institute Roswell, NM | Alumni Relations Support Programs | $27,249 |
| New Mexico Military Institute Roswell, NM | Facilities Support | $21,507 |
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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 | $93,478,839 | $5,187,499 | $3,146,838 | $2,437,678 | 10 | $2,864,308 |
| 2024 | $85,999,070 | $4,351,683 | $2,862,695 | $2,152,507 | 9 | $1,956,729 |
| 2023 | $78,678,506 | $8,432,637 | $2,704,733 | $2,026,110 | 10 | $5,006,703 |
| 2022 | $72,248,308 | $5,073,152 | $2,342,210 | $1,694,647 | 11 | $3,281,774 |
| 2021 | $81,497,366 | $2,696,137 | $2,275,432 | $1,698,742 | 9 | $1,794,159 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The Foundation’s mission is to create, maintain, and administer an endowment for NMMI, supporting research and scientific and literary purposes; buildings, equipment, and other facilities; scholarships; and the Institute’s growth, welfare, and maintenance.
Its support includes scholarships, leadership programs and operations, academic programs, athletics, cadet activities, admissions and recruiting, faculty and staff support, alumni relations, and facilities. In its 2024 filing, the Foundation reported maintaining about 180 endowed scholarship funds and more than 20 annual donor scholarship funds for NMMI cadets. Scholarship criteria vary by donor and may include merit or need requirements; NMMI’s Scholarship Committee administers awards under Institute policies and donor stipulations.
Grantmaking
In filing year 2025, the Foundation reported 10 grants totaling $2,437,678. Grants ranged from $21,507 to $1,199,338, with a median of $158,938. All reported grant dollars went to NMMI in Roswell.
The largest awards were $1,199,338 for cadet scholarships, $328,367 for leadership programs and operations, $263,248 for academic programs and projects, $200,000 for Intermediate Preparatory Academy operations support, and $175,203 for athletic programs. Other reported awards supported admissions and recruiting, cadet activities, faculty and staff, alumni relations, and facilities.
The Foundation’s 2024 filing describes payments to NMMI as expenditure-driven reimbursements: NMMI bills for eligible expenses and provides supporting documentation before reimbursement. Scholarship funds are disbursed to NMMI after semester-end billing and awarded under donor criteria and NMMI policies.
The website describes the General Richard T. Knowles Legislative Scholarship for New Mexico-resident high school students attending NMMI. It covers the remaining balance after other scholarships are applied, subject to eligibility requirements including residency, GPA, application, and NMMI admissions standards. This is scholarship support for NMMI cadets, not an outside-organization grant program.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jimmy Barnes as President & CEO; Kenneth Barbe Jr. as Chairman; Jesus Salazar as Immediate Past Chairman; Kim Greaves as Vice Chairman; and Dr. Jesus R. Ramos Garza as Secretary. It also lists Kevin O. Butler and Claire E. Chase as members, Thomas E. Jennings and Christina Maria Montoya as NMMI Regent Members, and BG Voris W. McBurnette, NMMI Superintendent, as an ex officio member. The Foundation website identifies Deana Curnutt as President and CEO.
New Mexico Military Institute Foundation Inc is led by Jimmy Barnes, President & CEO on every filing since 2021; 1 of 14 officers listed in 2025 is compensated.
Officers on the 2025 filing
Jimmy Barnes
President & CEO
On filings since 2021
40 hrs/week
$104K (2021) → $127K (2025)
Kenneth Barbe Jr.
Chairman
Vice Chairman → Chairman, 2022
On filings since 2021
5 hrs/week
No compensation reported
Earl A Tres Latimer III
Member
On filings since 2021
1 hr/week
No compensation reported
Frank Spencer III
Treasurer
Member → Treasurer, 2022
On filings since 2021
2 hrs/week
No compensation reported
Jesus R Ramos Garza
Secretary
Member → Secretary, 2022
On filings since 2021
2 hrs/week
No compensation reported
Jesus Salazar
Immediate Past Chairman
Chairman → Immediate Past Chairman, 2022
On filings since 2021
2 hrs/week
No compensation reported
Kevin O Butler
Member
On filings since 2021
1 hr/week
No compensation reported
Kim Greaves
Vice Chairman
Treasurer → Vice Chairman, 2022
On filings since 2021
2 hrs/week
No compensation reported
Claire E Chase
Member
On filings since 2022
1 hr/week
No compensation reported
George M Yates
Member
On filings since 2022
1 hr/week
No compensation reported
BG Voris W McBurnette NMMI Supt
Executive Officio Member
New on the 2025 filing
1 hr/week
No compensation reported
Christina Maria Montoya
Nmmi Regent Member
New on the 2025 filing
1 hr/week
No compensation reported
Gregory D Sampson
Nmmi Regent Appointment
New on the 2025 filing
1 hr/week
No compensation reported
Thomas E Jennings
Nmmi Regent Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: COL Timothy S Paul (2021–2024) — Nmmi Regent Appointment
- Former: Harold A Edmonson Jr. (2021–2024) — Nmmi Regent Member
- Former: MG Jerry Grizzle NMMI President Sup (2021–2024) — Executive Officio Member
- Former: Phelps W Anderson (2023–2024) — Nmmi Regent Member
- Former: John Garcia (2021–2022) — Nmmi Regent Member
- Former: Harris Kerr (2021) — Member
- Former: Steve Elliott (2021) — Secretary
Data from IRS Form 990 filings, 2021–2025. "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 $127K, to Jimmy Barnes (President & CEO).
Frequently asked questions about New Mexico Military Institute Foundation Inc
How much does New Mexico Military Institute Foundation Inc give each year?
New Mexico Military Institute Foundation Inc gave $2.4M across 10 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.2M across 9 grants.
What is New Mexico Military Institute Foundation Inc's typical grant size?
New Mexico Military Institute Foundation Inc's median grant in 2025 was $158,938, and its average grant was $243,768, across 10 grants on its 2025 IRS Form 990.
Where does New Mexico Military Institute Foundation Inc give grants?
New Mexico Military Institute Foundation Inc gives mostly in New Mexico: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Roswell, NM (9 grants).
Does New Mexico Military Institute Foundation Inc give general operating support?
Not in 2025: none of the 10 grants with a stated purpose on New Mexico Military Institute Foundation Inc's 2025 IRS Form 990 were described as general or operating support.
How large is New Mexico Military Institute Foundation Inc?
New Mexico Military Institute Foundation Inc reported $93.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.2M.
What does New Mexico Military Institute Foundation Inc fund?
The Foundation’s mission is to create, maintain, and administer an endowment for NMMI, supporting research and scientific and literary purposes; buildings, equipment, and other facilities; scholarships; and the Institute’s growth, welfare, and maintenance. See mission & focus areas ↑
How do I apply for a grant from New Mexico Military Institute Foundation Inc?
New Mexico Military Institute Foundation Inc has no public application process in the sources Grantable reviewed. Check nmmi.edu for current guidelines, or contact the foundation directly before submitting a request.
What is New Mexico Military Institute Foundation Inc's EIN?
New Mexico Military Institute Foundation Inc's EIN (Employer Identification Number) is 85-6010718. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS November 4, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 4, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 3, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 7, 2024)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2021–2025
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New Mexico Military Institute Foundation Inc down — hundreds of funders to go?