2025-05-10T14:24:38+00:00 2024-06-30 350921680 CROWE LLP 5810 TENNYSON PARKWAY Suite 450 Plano TX 750244112 990 2023-07-01 850170157 New Mexico State Univ Fdn Inc NEWM 5756461613 PO Box 3590 Las Cruces NM 880033590 Sylvia Acosta Chief Executive Officer 5756464072 2025-05-10 true AMY BELLANCA P01572961 2147775200 2025-05-10 2023 2025-03-06 01:10:19Z Dr Sylvia Acosta PO Box 3590 Las Cruces NM 880033590 226026209 false X alwaysanaggie.org X 1959 NM THE MISSION OF NEW MEXICO STATE UNIVERSITY FOUNDATION IS TO FOSTER LONG-TERM RELATIONSHIPS WITH OUR ALUMNI, SUPPORTERS, AND COMMUNITY IN ORDER TO SECURE, MANAGE, STEWARD, AND PROTECT A SUSTAINABLE SOURCE OF PRIVATE RESOURCES THAT WILL ENHANCE THE ABILITY OF NEW MEXICO STATE UNIVERSITY TO FULFILL ITS LAND GRANT MISSION. 31 31 108 31 523367 487215 10230736 18258326 4641177 4846676 2614849 17012835 1526858 976524 19013620 41094361 15955375 13362319 0 5693895 8555600 0 5945984 2644437 7847696 24293707 29765615 -5280087 11328746 384382069 423070189 84046335 95091897 300335734 327978292 THE MISSION OF NEW MEXICO STATE UNIVERSITY FOUNDATION IS TO FOSTER LONG-TERM RELATIONSHIPS WITH OUR ALUMNI, SUPPORTERS, AND COMMUNITY IN ORDER TO SECURE, MANAGE, STEWARD, AND PROTECT A SUSTAINABLE SOURCE OF PRIVATE RESOURCES THAT WILL ENHANCE THE ABILITY OF NEW MEXICO STATE UNIVERSITY TO FULFILL ITS LAND GRANT MISSION. false false 16433386 13362319 4846676 In FY24, New Mexico State University Foundation advanced its mission to support academic excellence, research innovation, and student success across the NMSU system. Through the generosity of donors and strategic stewardship of resources, the Foundation raised and managed funds that directly enriched the educational experience for thousands of students and bolstered the university's land-grant mission to serve the diverse communities of New Mexico. This year, the Foundation facilitated over $4 million in scholarship support, alleviating financial barriers for more than 4,300 students and ensuring access to higher education for many first-generation and underrepresented learners. In collaboration with campus partners, we supported faculty research, expanded experiential learning opportunities, and funded capital improvements to enhance campus facilities - including laboratories, student support centers, and cultural hubs. The Foundation also launched initiatives to deepen alumni engagement and community partnerships, hosting events and campaigns that celebrated Aggie pride and inspired lifelong investment in NMSU's future. Our donor relations efforts maintained a high standard of transparency and accountability, helping to sustain long-term philanthropic relationships critical to the university's growth and resilience. Through these efforts, the NMSU Foundation continues to serve as a vital engine for transforming lives and empowering the next generation of leaders in New Mexico and beyond. 16433386 true true false false false false true true true true true false false true true false true false false true false false false true false false true false true false false false false false false false false true false false false true false false false false true 38 0 true 108 true true true false false false true true true true false false false false false false X 31 31 true false true false false false false true true false false false true true true true true true true false CA CO DC KY ME AK MD MA MI MN NV NH NJ NM NY ND OH OK OR SC UT WA WI X Alasdair Forsythe 5753194761 1305 North Horseshoe Las Cruces NM 88003 AARON DE LOS SANTOS TREASURER (UNTIL 4/2024) 2.0 0.0 X X 0 0 0 AMY HUMMER SECRETARY 2.0 0.0 X X 0 0 0 CHRISTIAN H HENDRICKSON CHAIR 2.0 0.0 X X 0 0 0 ERIC POWELL DIRECTOR / TREASURER (begin 4/2024) 1.0 0.0 X X 0 0 0 KYLE LOUVAR IMMEDIATE PAST CHAIR 2.0 0.0 X X 0 0 0 LOUIS A VEGA VICE CHAIR 2.0 0.0 X X 0 0 0 ABEL COVARRUBIAS DIRECTOR 1.0 0.0 X 0 0 0 BOB DINTELMAN DIRECTOR 1.0 0.0 X 0 0 0 CAROL SMALLWOOD DIRECTOR 1.0 0.0 X 0 0 0 CHRISTOPHER DULANY DIRECTOR 1.0 0.0 X 0 0 0 DEANZA VALENCIA DIRECTOR 1.0 0.0 X 0 0 0 DEL ESPARZA DIRECTOR 1.0 0.0 X 0 0 0 DR JUDY JOHNSON DIRECTOR 1.0 0.0 X 0 0 0 DR SUE GERBER DIRECTOR 1.0 0.0 X 0 0 0 FRANK SEIDEL DIRECTOR 1.0 0.0 X 0 0 0 JAGDEV CHEEMA DIRECTOR 1.0 0.0 X 0 0 0 JIM RHODES DIRECTOR 1.0 0.0 X 0 0 0 JOEL GRANGER DIRECTOR 1.0 0.0 X 0 0 0 JOHN CORDOVA DIRECTOR 1.0 0.0 X 0 0 0 KEVIN CONROY DIRECTOR 1.0 0.0 X 0 0 0 KYLE RHODES DIRECTOR 1.0 0.0 X 0 0 0 MANNY MORA DIRECTOR 1.0 0.0 X 0 0 0 MARC REYES DIRECTOR 1.0 0.0 X 0 0 0 MARGARET HARDIN DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL LAW DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL PACKARD DIRECTOR 1.0 0.0 X 0 0 0 NICOLE LOUVAR DIRECTOR 1.0 0.0 X 0 0 0 ROBERT MARTINEZ DIRECTOR 1.0 0.0 X 0 0 0 ROSS MCCALLISTER DIRECTOR 1.0 0.0 X 0 0 0 SUE DINTELMAN DIRECTOR 1.0 0.0 X 0 0 0 SUSAN PLANTZ DIRECTOR 1.0 0.0 X 0 0 0 THOM PRICE DIRECTOR 1.0 0.0 X 0 0 0 David Strong Chief Financial Officer (until 6/14/2024 40.0 0.0 X 343955 0 92690 Sylvia Acosta Chief Executive Officer (Begin 10/2/2023) 40.0 0.0 X 90827 0 23460 Stacey MacDonnell AVP Advancement Services 40.0 0.0 X 173848 0 38545 Virginia Schlemeyer VP for External Relations (until 9/15/2023) 40.0 0.0 X 204914 0 24664 James Covington Executive Director - Estates and Planned Giving 40.0 0.0 X 170837 0 49869 John Gresham IT Director 40.0 0.0 X 130496 0 46970 Maria Mcdonagh Director of Communications 40.0 0.0 X 139770 0 37618 Matthew Burns Chief of Staff 40.0 0.0 X 153707 0 42154 Susan Sorenson-Clark Director of Talent and Culture 40.0 0.0 X 142964 0 57910 Derek Dictson Former President 40.0 0.0 X 172299 0 40658 1723617 0 454538 12 true true false ANGELES INVESTMENTS 3737 BUFFALO SPEEDWAY SUITE 1750 HOUSTON TX 77098 INVESTMENT SERVICES 639195 BLACKBAUD 65 FAIRCHILD STREET CHARLESTON SC 29492 SOFTWARE SERVICES 174782 ASPEN LEADERSHIP GROUP PO BOX 1212 ASPEN CO 81612 EXECUTIVE SEARCH SERVICES 161806 ADVANCED NETWORK SOLUTIONS 1527 F STREET BAKERSFIELD CA 93301 IT SERVICES 107454 4 22809 18235517 188941 18258326 NMSU Management Fee 561000 4649262 4649262 Membership Dues 561000 197414 197414 0 0 0 0 4846676 8781056 523367 8257689 191489 191489 815553 394342 421211 0 421211 421211 192744263 701 184513185 8231078 701 8231779 8231779 304614 22809 24321 280293 280293 Life Insurance 525100 48557 48557 Settlement Income 524298 18643 18643 Other Revenue 900099 16331 16331 0 0 0 0 83531 41094361 4846676 523367 17465992 13362319 13362319 899731 231409 205016 463306 7655869 1969073 1744498 3942298 74178 27060 25783 21335 95173 31724 63449 1762 1762 391400 122926 92844 175630 126429 43863 38598 43968 487704 164956 124754 197994 632235 182961 122691 326583 0 0 0 0 0 0 0 0 367676 49479 71527 246670 0 0 0 0 220961 35000 121605 64356 0 0 0 0 0 0 0 0 29299 0 29299 0 83999 32812 29203 21984 UBIT EXPENSES 2827942 0 2827942 0 Bad Debt 1718630 1718630 Donor Recognition 425560 93356 60756 271448 Candidate Search 193960 53479 36713 103768 170788 32969 71175 66644 29765615 16433386 7386245 5945984 11332294 5411655 5706652 6441789 6554552 7194029 0 0 0 0 26403941 10304006 218248 284675 4702064 233570 4605491 4468494 49644331 62527163 278846638 325318230 0 1069922 1120148 384382069 423070189 418324 755436 334425 0 34491 34491 0 0 83259095 94301970 84046335 95091897 X 96724472 101598875 203611262 226379417 300335734 327978292 384382069 423070189 X 11328746 15550949 99577 663286 X false true X true false X 14647987 93286084 25136627 10230736 18258326 161559760 0 198949 142689 356770 332165 338316 1368889 14846936 93428773 25493397 10562901 18596642 162928649 413473 162515176 5552908 6964897 8179100 -4044187 9264731 25917449 4797077 0 480068 8394907 499493 14171545 502296 456081 3282186 1085294 388145 5714002 208731645 12166525 0.7786 0.7220 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - SPECIAL EVENTS, MERCHANDISE SALES AND OTHER MISC. REVENUE, COLUMN A - 502296.0, COLUMN B - 456081.0, COLUMN C - 3282186.0, COLUMN D - 1085294.0, COLUMN E - 388145.0, COLUMN F - 5714002.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 232400 false false true X 262901912 -1426966 31895618 8290146 4117599 280962819 168023780 84599254 16419179 2339862 3800439 262901912 160976117 15005384 -1726488 2547068 3684165 168023780 138129867 10212516 18017407 1843277 3540396 160976117 139218367 8390780 -4289852 1758004 3431424 138129867 0.3098 0.6902 0.0 false false 4250000 4250000 374701 192225 182476 77363 41345 36018 4468494 Other Investments Measured at NAV 236738867 F ASSETS HELD IN TRUST - NMSU 88579363 F 325318230 ASSETS HELD IN TRUST - NMSU 90746556 DUE TO NMSU 1681967 GIFT ANNUITIES PAYABLE 1873447 OTHER LIABILITIES 94301970 X Schedule D, Part III, Line 4 Collections of art - description of collections THE ORIGINAL WORKS OF ART ARE ON DISPLAY AND SERVE TO ENCOURAGE DONORS TO CONTINUE CONTRIBUTING TO THE VARIOUS ART/PERFORMING ART PROGRAMS OF NEW MEXICO STATE UNIVERSITY. Schedule D, Part IV, Line 2b Explanation of escrow agreement THE ORGANIZATION HOLDS SECURITY DEPOSITS OF TENANTS IN ITS REAL ESTATE INVESTMENT. Schedule D, Part V, Line 4 Intended uses of endowment funds THE FOUNDATION'S ENDOWMENTS CONSIST OF APPROXIMATELY 1,760 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES TO SUPPORT THE MISSION OF THE FOUNDATION TO SUPPORT NEW MEXICO STATE UNIVERSITY BY PROVIDING FUNDS FOR NEW MEXICO STATE UNIVERSITY ACTIVITIES, SCHOLARSHIPS, AND FINANCIAL AID TO STUDENTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is an organization exempt from income taxes under Section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3). However, the Foundation is subject to taxation on income derived from business activities not substantially related to the Foundation's exempt function (unrelated business income under Internal Revenue Code Section 511); such income is taxed at the normal corporate rate. Contributions to the Foundation are deductible by donors as provided under Section 170 of the Internal Revenue Code. The Foundation's accounting policy provides that a tax expense or benefit from an uncertain tax position may be recognized when it is more-likely-than-not that the position will be sustained upon examination based on the technical merits. The Foundation has no uncertain tax positions resulting in an accrual of tax expense or benefit. Central America and the Caribbean 0 0 Investments 32728824 0 0 0 0 0 0 32728824 0 32728824 true false true true false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual HRTM Chef Artist Dinner 7600 3800 3800 0 Tip Off Dinner 2023 8200 5330 2870 0 47 311623 13679 297944 24321 327423 22809 304614 24321 24321 280293 false NEW MEXICO STATE UNIVERSITY PO BOX 30001 LAS CRUCES NM 88003 856000401 GOV 13362319 SUPPORT NMSU ACTIVITIES 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation's purpose is to secure and manage private gifts to promote the educational, research, and service purposes of NMSU; therefore, all grants and assistance are awarded to NMSU and eligibility is automatic. Selection criteria and eligibility for specific grants or assistance provided to NMSU colleges and units are defined by individual donors via written gift agreements at the time a donation is made. All gift agreements are maintained by the Foundation as outlined in the approved document retention policies. X X false false false false false false false false false Derek Dictson Former President 121543 0 50756 0 0 0 26930 0 13728 0 212957 0 0 0 David Strong Chief Financial Officer (until 6/14/2024 343955 0 0 0 0 0 54393 0 38297 0 436645 0 0 0 Virginia Schlemeyer VP for External Relations (until 9/15/2023) 173147 0 31767 0 0 0 24576 0 88 0 229578 0 0 0 Stacey MacDonnell AVP Advancement Services 173848 0 0 0 0 0 23587 0 14958 0 212393 0 0 0 James Covington Executive Director - Estates and Planned Giving 170837 0 0 0 0 0 28442 0 21427 0 220706 0 0 0 Susan Sorenson-Clark Director of Talent and Culture 142964 0 0 0 0 0 24182 0 33728 0 200874 0 0 0 Matthew Burns Chief of Staff 146047 0 7660 0 0 0 23444 0 18710 0 195861 0 0 0 John Gresham IT Director 127381 0 3115 0 0 0 22187 0 24783 0 177466 0 0 0 Maria Mcdonagh Director of Communications 139770 0 0 0 0 0 23072 0 14546 0 177388 0 0 0 X 13 188941 Market value 0 false true true Schedule M, Part I, Line 32b Third parties used to solicit, process, or sell noncash contributions THIRD PARTY USED TO PROCESS NONCASH CONTRIBUTIONS. BROKERAGE FIRMS ARE USED TO SELL DONATED SECURITIES. Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - THE FOUNDATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons BOB DINTELMAN & SUE DINTELMAN - Family relationship, JIM RHODES & KYLE RHODES - Family relationship, KYLE LOUVAR & NICOLE LOUVAR - Family relationship Form 990, Part VI, Line 4 Significant changes to organizational documents During the year, the organization made the following significant changes to the Bylaws: Previously if a director was elected to serve as a Vice Chair with less than 3 years remaining on his or her term, then the director's term was automatically extended to provide a full 3 years to serve as Vice Chair, Chair, Past Chair, but now that extension requires a 2/3 vote. All of the references to President or President of the Foundation in the bylaws have now been changed to be Chief Executive Officer. This includes the elimination of the President officer position and replacing it with Chief Executive Officer. Form 990, Part VI, Line 11b Review of form 990 by governing body A DRAFT OF THE FORM 990 IS reviewed by the organization's controller, the audit committee, and the board. AFTER REVIEW, THE RETURN IS FORWARDED TO THE AUDIT COMMITTEE FOR FURTHER REVIEW BEFORE FORWARDING IT TO THE BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL. THE FORM 990 PROVIDED TO THE BOARD DOES NOT INCLUDE SCHEDULE B, AS SUCH, THIS QUESTION HAS BEEN ANSWERED NO IN ACCORDANCE WITH THE IRS INSTRUCTIONS. Form 990, Part VI, Line 12c Conflict of interest policy All Board Members are required to complete a Conflict-of-Interest Form on an annual basis. This process is actively monitored by the CEO and reported to and reviewed by the Foundation audit committee which has final approval for all actions deemed necessary. Every board meeting agenda includes a reminder for members to disclose any conflicts with agenda items before the agenda is approved. Any director or officer who has an interest in a contract, a non-passive investment, or other transaction presented to the Board of Directors or a committee thereof for authorization, approval, or ratification shall make a prompt and full disclosure of his or her interest to the Board of Directors or such committee before any action on such contract or transaction by the Board of Directors or such committee. Any individual who becomes aware of a potential conflict situation involving another director or officer is encouraged to bring such potential conflict to the attention of the Board of Directors (by communication to the Board in session or to a Board Member) or the applicable committee (by communication to the chairperson or any other member of the committee), since conflicts of interest may arise in varied contexts and may not be understood as a conflict by the conflicted individual. If a conflict is deemed to exist, such person shall not vote on, nor use his or her personal influence on, nor participate in (other than to present factual information or to respond to questions) the discussions or deliberations with respect to such contract or transactions. Such person may be counted in determining whether a quorum is present. Form 990, Part VI, Line 15a Process to establish compensation of top management official Each year, we meticulously benchmark all positions within our organization using two national salary surveys sourced from medium-sized higher education foundations. This ensures that our total cash compensation, including salary and incentive compensation, remains at 75% of the national average. Compensation for the top management official is reviewed within the executive committee of the board. The committee keeps minutes on all the discussions and decisions that were made. Form 990, Part VI, Line 15b Process to establish compensation of other employees Annually, the executive committee reviews the compensation for executive-level employees to ensure compliance with applicable laws and regulations. The decisions are made by use benchmarking salaries with similar institutions and maintaining compensation at 75% of the national average. The executive committee keeps minutes regarding their discussion and decisions. Annually the board approves the annual budget which contains the compensation levels reviewed by the executive committee. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS INCLUDING ITS ARTICLES OF INCORPORATION, ANNUAL REPORT, BYLAWS, ITS CODE OF CONDUCT POLICY, AND THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. The public can contact the Foundation's controller to request the above publicly available documents. The Form 990 is also made available on the Foundation's website. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in Split Interest Agreement-Endowment - -236779; PV DISCOUNT - NOTES - 900065; Real Estate Holdings of NMSU Foundation LLC 1305 N HORSESHOE DR LAS CRUCES NM 88003 REAL ESTATE NM 517553 4250000 NMSUF OUR WAY HOLDINGS LLC 1305 N HORSESHOE DR LAS CRUCES NM 88003 INVESTING NM 0 0 NMSUF OUR WAY HOLDINGS II LLC 1305 N HORSESHOE DR LAS CRUCES NM 88003 INVESTING NM 1010448 10304006 NMSUF