New Mexico Tech Foundation
THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY BY MAKING FUNDS AVAILABLE FOR INSTITUTIONAL SUPPORT AND SCHOLARSHIPS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$43.9M
+6.9% YoY
Annual Giving
$2.8M
-16.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.8M
-16.2% YoY
About New Mexico Tech Foundation
Based on IRS filings
New Mexico Tech Foundation is a nonprofit organization, based in SOCORRO, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.9M in total assets. In 2024, it awarded 1 grants totaling $2.8M. Net investment income was $1.1M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $43,864,530 | $41,037,147 | $38,498,574 |
| Revenue | $3,416,400 | $5,945,035 | $2,517,298 |
| Expenses | $3,160,865 | $3,708,912 | $3,211,554 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,064,326 | $808,848 | $744,831 |
| 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 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Mexico Institute of Mining & Technology ($2,778,555).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW MEXICO INSTITUTE OF MINING & TECHNOLOGY SOCORRO, NM | SCHOLARSHIPS ($1,324,312) AND ACADEMIC SUPPORT ($1,454,243) | $2,778,555 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DR NELIA DUNBAR | TRUSTEE | 1 | — |
| CLINTON MARRS | PRESIDENT | 1 | — |
| JEFFREY COREY | VICE PRESIDENT | 1 | — |
| BORDEN PUTNAM III | TREASURER/SECRETARY | 1 | — |
| DR MAHYAR AMOUZEGAR | TRUSTEE | 1.5 | — |
| CINDY ARDITO | TRUSTEE | 1 | — |
| JERRY A ARMIJO | TRUSTEE | 1 | — |
| RICHARD CERVANTES | TRUSTEE | 1.5 | — |
| WILLIAM DAILY | TRUSTEE | 1 | — |
| JOANNA DEBRINE | TRUSTEE | 1 | — |
| DR RAUL DEJU | TRUSTEE | 1 | — |
| RAVEN GOSWICK | TRUSTEE | 1 | — |
| DR DANIEL LOPEZ | TRUSTEE (THROUGH APRIL 2024) | 1 | — |
| LISA NOELL | TRUSTEE | 1 | — |
| GERALDINE RIVERA | TRUSTEE | 1 | — |
| COLLEEN FOSTER | EXECUTIVE DIRECTOR | 20 | — |
Frequently Asked Questions
How large is New Mexico Tech Foundation?
As of 2024, New Mexico Tech Foundation holds $43.9M in total assets with $3.4M in annual revenue. It awarded 1 grants totaling $2.8M in 2024.
Where does New Mexico Tech Foundation operate?
New Mexico Tech Foundation has awarded grants in New Mexico.
What size grants does New Mexico Tech Foundation award?
In 2024, New Mexico Tech Foundation awarded 1 grants totaling $2.8M — an average of about $2.8M per grant, based on its IRS Form 990 filings.
What is New Mexico Tech Foundation's EIN?
New Mexico Tech Foundation's EIN (Employer Identification Number) is 85-0194323. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in New Mexico Tech Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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