NEW MEXICO JUNIOR COLLEGE FOUNDATION

EIN: 237045300 501(c)(3)

HOBBS, NM

Total Revenue
$802,391
Total Expenses
$528,979
Total Assets
$13,304,709
Net Assets
$13,293,844
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NM
Principal Officer
ROSIE INSILAN
Phone
5754922782
Tax Period
2022-07-01 to 2023-06-30

NEW MEXICO JUNIOR COLLEGE FOUNDATION, founded in 1970, is a small nonprofit that reported $802K in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $273K, a strong 34% operating margin.

Mission

SEE MISSION STATEMENT ON FORM 990 PART I, LINE 1.

Program Service Accomplishments

Program 1
Expenses: $257,040

FUNDS IN THE AMOUNT OF $257,040 WERE PAID FOR MISCELLANEOUS SCHOLARSHIPS AWARDED TO APPROXIMATELY 257 STUDENTS.

Program 2
Expenses: $92,824

$92,824 WAS PAID TO NEW MEXICO JUNIOR COLLEGE FOR ASSISTANCE WITH VARIOUS PROGRAMS WHICH INCLUDED: STUDENT LEARNING EVENTS, PROMOTION OF COMMUNITY AWARENESS WITH REGARD TO NMJC INITIATIVES, ATHLETIC...

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$92,824 WAS PAID TO NEW MEXICO JUNIOR COLLEGE FOR ASSISTANCE WITH VARIOUS PROGRAMS WHICH INCLUDED: STUDENT LEARNING EVENTS, PROMOTION OF COMMUNITY AWARENESS WITH REGARD TO NMJC INITIATIVES, ATHLETIC PROGRAMS, RECOGNITION FOR ANNUAL OUTSTANDING NMJC FACULTY AND STAFF OF THE YEAR AWARDS, AND OTHER NMJC INITIATIVES.

Program 3
Expenses: $29,628

FUNDS IN THE AMOUNT OF $29,628 WERE PAID FOR WORK-STUDY TO APPROXIMATELY 4 STUDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $267,763
Program Service Revenue $0
Investment Income $525,182
Other Revenue $9,446
TOTAL REVENUE $802,391

Expense Breakdown

Grants Paid $379,492
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $379,492
Other Expenses $149,487
TOTAL EXPENSES $528,979

Year-over-Year Comparison

2022 2021 Change
Revenue $802,391 $955,968 -0.2%
Expenses $528,979 $595,543 -0.1%
Net Income $273,412 $360,425 -0.2%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
18
Independent Members
13
Employees
N/A
Volunteers
1

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$111,165
Total Directors
20
$111,165
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSIE INSILAN PRESIDENT 1.00
Officer Director
$0 $0 $0
ALLYSON ROBERTS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
TINA KUNKO SECRETARY 40.00
Officer Director
$0 $111,165 $111,165
JOSH MORGAN TREASURER 0.25
Officer Director
$0 $0 $0
ROSA ARANDA DIRECTOR 0.25
Director
$0 $0 $0
PAT CHAPPELLE DIRECTOR 0.25
Director
$0 $0 $0
AARON FORRISTER DIRECTOR 0.25
Director
$0 $0 $0
MEGAN GALLEGOS DIRECTOR 0.50
Director
$0 $0 $0
JOSHUA GRASSHAM DIRECTOR 0.25
Director
$0 $0 $0
ROBERT GUTHRIE DIRECTOR 0.25
Director
$0 $0 $0
LISA HARDISON DIRECTOR 0.25
Director
$0 $0 $0
GUY KESNER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL RABURN DIRECTOR 0.25
Director
$0 $0 $0
GENE STRICKLAND DIRECTOR 0.25
Director
$0 $0 $0
RHONDA TYLER DIRECTOR 0.25
Director
$0 $0 $0
DAVID WHITTEN DIRECTOR 0.25
Director
$0 $0 $0
SUMMER WRIGHT DIRECTOR 0.25
Director
$0 $0 $0
ISAAC HOLGUIN DIRECTOR 0.25
Director
$0 $0 $0
BIANCA SALINAS DIRECTOR 0.25
Director
$0 $0 $0
DR DEREK MOORE DIRECTOR 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $802,391 $528,979 $13,304,709 $273,412
2022 $955,968 $595,543 $12,380,291 $360,425
2021 $1,451,040 $560,018 $13,969,826 $891,022
2020 $2,253,005 $466,896 $11,613,943 $1,786,109
2019 $1,267,563 $481,866 $9,916,959 $785,697
2018 $1,155,343 $686,980 $8,740,766 $468,363
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