New Mexico Veterans Memorial Foundation

EIN: 743150205 501(c)(3) Education

Albuquerque, NM

Total Revenue
$55,674
Total Expenses
$52,554
Total Assets
$512,374
Net Assets
$511,774
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NM
Tax Period
2023-07-01 to 2024-06-30

New Mexico Veterans Memorial Foundation, founded in 2005, is a micro nonprofit in the Education sector that reported $56K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $53K left a modest 6% surplus.

Mission

TO HONOR AND SUPPORT MILITARY VETERANS AND THEIR LOVED ONES BY PROMOTING, OPERATING, AND MAINTAINING A MEMORIAL AND BY EDUCATING THE PUBLIC ON THE VALUE OF VETERANS SERVICE AND SACRIFICE.

Program Service Accomplishments

Program 1
Expenses: $34,827 Revenue: $27,175

THE MUSEUM FUNCTION IS ONE OF OUR PRIME CONTRIBUTIONS TO OUR MISSION. WE CHARGE NO ADMISSION AND GAIN SOME REVENUE FROM PAID BUS TOURS. THE MUSEUM CONSISTS OF ROTATING SETS OF DISPLAYS FROM OUR...

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THE MUSEUM FUNCTION IS ONE OF OUR PRIME CONTRIBUTIONS TO OUR MISSION. WE CHARGE NO ADMISSION AND GAIN SOME REVENUE FROM PAID BUS TOURS. THE MUSEUM CONSISTS OF ROTATING SETS OF DISPLAYS FROM OUR EXTENSIVE ARRAY OF UNIFORMS, MILITARY ARTIFACTS AND VARIOUS SETS OF PHOTOS THAT ARE DONATED BY OUR VETERANS AND THEIR FAMILIES. WE ALSO SHOWCASE THE VIETNAM WALL OF NEW MEXICO WHICH CONTAINS THE BIOS AND ALL OF THE PHOTOS OF OUR KIA AND MIA VIETNAM VETERANS. THIS DISPLAY HAS BEEN SHARED WITH THE NATIONAL VIETNAM WALL IN WASHINGTON, D.C. WE ALSO PROVIDE THE VENUE FOR BUS TOURS (36), REUNIONS, RETIREMENTS, AND MEMORIAL SERVICES (37).

Program 2
Expenses: $7,193 Revenue: $10,076

THE MEMORIAL GIFT PROGRAM PLACES MEMORIAL BRICKS (78), BENCHES (1), AMPHITHEATER TILES (2), TREE PLAQUES (3), AND ROSE PLAQUES (4), DEDICATED WITH INSCRIPTIONS FURNISHED BY THE FAMILIES OF THOSE...

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THE MEMORIAL GIFT PROGRAM PLACES MEMORIAL BRICKS (78), BENCHES (1), AMPHITHEATER TILES (2), TREE PLAQUES (3), AND ROSE PLAQUES (4), DEDICATED WITH INSCRIPTIONS FURNISHED BY THE FAMILIES OF THOSE HONORED. THE ITEMS ARE PLACED THROUGHOUT THE MEMORIAL PARK CORRESPONDING TO THEIR DATE AND CONFLICT.

Program 3
Expenses: $2,887

THE EDUCATION FUNCTION OF OUR FOUNDATION IS REPRESENTED IN PART THROUGH OUR SHCOOL VISITATION PROGRAM. THESE PROGRAMS CONSIST OF 25 OR MORE GUIDED TOURS THROUGH OUR MUSEUM AND MEMORIAL GROUNDS. ALSO...

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THE EDUCATION FUNCTION OF OUR FOUNDATION IS REPRESENTED IN PART THROUGH OUR SHCOOL VISITATION PROGRAM. THESE PROGRAMS CONSIST OF 25 OR MORE GUIDED TOURS THROUGH OUR MUSEUM AND MEMORIAL GROUNDS. ALSO, SPECIAL PRESENTATIONS FOR WEAPONS, SOLDIER LIFE AND SPECIAL CONTENT ON LEADERSHIP AND SACRIFICE. WE HAVE ALSO TEAMED WITH THE CENTER FOR AMERICAN VALUES FROM PUEBLO, CO FOR A WEEK LONG PROGRAM FOR 500 ALBUQUERQUE MIDDLE SCHOOL STUDENTS. WE SUPPLEMENT THE SHCOOLS BUS COST FOR THE MORE DISTANT SCHOOLS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,582
Program Service Revenue $37,096
Investment Income $8,996
Other Revenue $0
TOTAL REVENUE $55,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $44,907
Other Expenses $52,554
TOTAL EXPENSES $52,554

Year-over-Year Comparison

2023 2022 Change
Revenue $55,674 $163,033 -0.7%
Expenses $52,554 $44,163 +0.2%
Net Income $3,120 $118,870 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
10

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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MERCY LOPEZ-ACOSTA DIRECTOR 2.00
Director
$0 $0 $0
JULIE ORNELAS DIRECTOR 2.00
Director
$0 $0 $0
TERESA LACHANCE DIRECTOR 10.00
Director
$0 $0 $0
DAVE WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
JESSIE LYNN MYREHN DIRECTOR 2.00
Director
$0 $0 $0
ROBERT MARTINEZ DIRECTOR 10.00
Director
$0 $0 $0
TAMMY COBB DIRECTOR 2.00
Director
$0 $0 $0
BUZZ BUSBOOM DIRECTOR 2.00
Director
$0 $0 $0
JD HUSS DIRECTOR 2.00
Director
$0 $0 $0
MARY COX DIRECTOR 10.00
Director
$0 $0 $0
ROBERT MATTISON DIRECTOR OF OPERATIONS 40.00
Officer
$0 $0 $0
ROBERT MATTISON VICE PRESIDENT 40.00
Officer
$0 $0 $0
ROBERT MATTISON PRESIDENT 40.00
Officer
$0 $0 $0
JOE ROMERO CHIEF LEGAL OFFICER 2.00
Officer
$0 $0 $0
NANCY JORDAN TREASURER 5.00
Officer
$0 $0 $0
JO ANN HUDSON SECRETARY 20.00
Officer
$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 $55,674 $52,554 $512,374 $3,120
2023 $163,033 $44,163 $511,454 $118,870
2022 $53,456 $39,119 $399,183 $14,337
2021 $49,270 $47,537 $377,710 $1,733
2020 $70,251 $53,959 $375,127 $16,292
2019 $87,578 $97,629 $359,584 $-10,051
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