New Mexico Tech Foundation

Public charity · Grantmaker Socorro, NM EIN: 85-0194323

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.

Key facts about New Mexico Tech Foundation

In short: New Mexico Tech Foundation gave $3.2M across 1 grant in 2025 (avg $3.2M), mostly in New Mexico. Source: 2025 IRS Form 990.

EIN
85-0194323
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$3,189,993
Grants made (2025)
1
Average grant
$3,189,993
Median grant
$3,189,993
Total assets
$46,162,411
Primary geography
New Mexico (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$46.2M

+5.2% YoY

Annual Giving

$3.2M

+14.8% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$3.2M

+14.8% YoY

How New Mexico Tech Foundation gives

  • Giving held roughly steady from 2022 to 2025 (+14%). Method

From the foundation's IRS Form 990 filings. Methodology.

About New Mexico Tech Foundation

Based on IRS filings

New Mexico Tech Foundation is a public charity, based in Socorro, NM. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $46.2M in total assets. In 2025, it awarded 1 grant totaling $3.2M. Net investment income was $1.3M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of the 2025 grant dollars on its one itemized grant.

States

Cities

Socorro

Giving Over Time

Total grant dollars and number of grants per year

$0$1M$2M$3M$4M1 grant2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2020 to 2025, annual grant giving ranged from $1.7M (2020) to $3.3M (2023). In 2025 it made 1 grant totaling $3.2M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

New Mexico Institute of Mining & Technology: $3.2MNew Mexico Institute of Mining& Technology$3.2M

The largest 2025 recipient was New Mexico Institute of Mining & Technology ($3.2M).

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M5$1–5M$5M+

The most common grant size was in the $1–5M range: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
New Mexico Institute of Mining & Technology Socorro, NMScholarships ($1,095,007) and Academic Support ($2,094,986)$3,189,993

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2.5M$5M$7.5M$10M2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$46,162,411$43,864,530$41,037,147
Revenue$2,694,868$3,416,400$5,945,035
Expenses$3,574,264$3,160,865$3,708,912
Net Investment Income$1,319,367$1,064,326$808,848

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2025

Leadership & Key People

Officers and directors from IRS filings

New Mexico Tech Foundation is led by Clinton Marrs, President since 2022 (on filings since 2020); none of the 19 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Clinton Marrs

    President

    Trustee → President, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Colleen Foster

    Executive Director

    On filings since 2020

    20 hrs/week

    No compensation reported

  • Jerry A. Armijo

    Trustee

    Vice President → Trustee, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Joanna Debrine

    Trustee

    President → Trustee, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Raul Deju

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • William Daily

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Geraldine Rivera

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Nelia Dunbar

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Raven Goswick

    Trustee

    On filings since 2021

    1 hr/week

    No compensation reported

  • Lisa Noell

    Trustee

    On filings since 2022

    1 hr/week

    No compensation reported

  • Richard Cervantes

    Trustee

    On filings since 2023

    1 hr/week

    No compensation reported

  • Cindy Ardito

    Trustee

    On filings since 2024

    1 hr/week

    No compensation reported

  • Mahyar Amouzegar

    Trustee

    On filings since 2024

    1.5 hrs/week

    No compensation reported

  • Deborah Corey

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Delilah Walsh

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Earl Debrine

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Kip Purcell

    Trustee

    New on the 2025 filing

    1 hr/week

    No compensation reported

  • Borden Putnam III

    Secretary & Treasurer

    Trustee → Treasurer & Secretary, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

  • Jeffrey Corey

    Vice President

    Treasurer & Secretary → Vice President, 2022

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (8)
  • Former: Daniel Lopez (2023–2024) — Trustee
  • Former: Cleve McDaniel (2020–2023) — Trustee
  • Former: Stephen Wells (2020–2023) — Trustee
  • Former: M. Pat Miller (2021–2022) — Trustee
  • Former: Matthew Silva (2021–2022) — Trustee
  • Former: Wd Peterson (2020–2021) — Trustee
  • Former: James Reist Assistant (2021) — Secretary
  • Former: James Reist (2020) — Assistant Secretary

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about New Mexico Tech Foundation

How much does New Mexico Tech Foundation give each year?

New Mexico Tech Foundation gave $3.2M across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $2.8M across 1 grant.

How large is New Mexico Tech Foundation?

New Mexico Tech Foundation reported $46.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.7M.

Where does New Mexico Tech Foundation operate?

New Mexico Tech Foundation has awarded grants in New Mexico.

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 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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