New Mexico Military Institute Foundation Inc
The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships; and to promote generally the growth, welfare, and maintenance of NMMI.
Financial Overview
From 2025 IRS Form 990-PF
Total Assets
$93.5M
+8.7% YoY
Annual Giving
$2.4M
+13.2% YoY
Grant Count
10
+11.1% YoY
Avg Grant Size
$244K
+1.9% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $93,478,839 | $85,999,070 | $78,678,506 |
| Revenue | $5,187,499 | $4,351,683 | $8,432,637 |
| Expenses | $3,146,838 | $2,862,695 | $2,704,733 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $2,864,308 | $1,956,729 | $5,006,703 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
49 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does New Mexico Military Institute Foundation Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jimmy Barnes | President & CEO | 40 | $126,813 |
| Jesus Salazar | Immediate Past Chairman | 2 | — |
| Kenneth Barbe Jr | Chairman | 5 | — |
| Dr Jesus R Ramos Garza | Secretary | 2 | — |
| Kim Greaves | Vice Chairman | 2 | — |
| Kevin O Butler | Member | 1 | — |
| Thomas E Jennings | NMMI Regent Member | 1 | — |
| Christina Maria Montoya | NMMI Regent Member | 1 | — |
| BG Voris W McBurnette NMMI Supt | Ex Officio Member | 1 | — |
| Claire E Chase | Member | 1 | — |
| Dr Earl A Tres Latimer III | Member | 1 | — |
| Gregory D Sampson | NMMI Regent Appointment | 1 | — |
| George M Yates | Member | 1 | — |
| Frank Spencer III | Treasurer | 2 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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