ALBUQUERQUE ACADEMY

EIN: 850129165 501(c)(3) Education

ALBUQUERQUE, NM

Total Revenue
$45,528,625
Total Expenses
$44,595,792
Total Assets
$161,806,665
Net Assets
$92,939,841
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Financial Trends

Organization Details

Formation Year
1955
Legal Domicile
NM
Principal Officer
JULIANNE PUENTE
Phone
5058283200
Tax Period
2024-07-01 to 2025-06-30

ALBUQUERQUE ACADEMY, founded in 1955, is a mid-sized nonprofit in the Education sector that reported $45.5M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $92.9M represent 24 months of operating reserves.

Mission

WE BELIEVE THAT CHILDREN'S LIVES CHANGE WHEN THEIR NATURAL PASSION FOR LEARNING IS NURTURED AND TRANSFORMED INTO HABITS OF LIFE-LONG LEARNING AND REFLECTION. WE BELIEVE THAT THE WORLD CHANGES AS THESE CHILDREN LEARN TO SERVE OUR COUNTRY AND COMMUNITY WITH WISDOM, CONVICTION, AND COMPASSION. IN LIGHT OF THESE BELIEFS: WE SERVE STUDENTS OF TALENT AND CHARACTER, OFFERING THEM AN EDUCATION THAT BROADENS THEIR PERSPECTIVE, SHARPENS THEIR MINDS, STRENGTHENS THEIR BODIES, AND ENGAGES THEIR HEARTS. WE COMMIT TO CREATING A CARING, INCLUSIVE, AND JUST COMMUNITY, USING THE GEOGRAPHY AND CULTURE OF OUR HOME IN THE SOUTHWEST TO ENRICH OUR EDUCATIONAL PROGRAMS AND TO FOSTER CREATIVITY, PERSONAL BALANCE AND A CONNECTION TO THE NATURAL WORLD. WE DEVOTE OUR RESOURCES TO ENSURE ECONOMIC ACCESSIBILITY TO OUR STUDENTS AND TO SUPPORT THE WIDER COMMUNITY THROUGH OUTREACH AND COMMUNITY SERVICE. WE ENTRUST THIS MISSION TO OUR GRADUATES AND SUCCESSORS AS WE PRESERVE OUR RESOURCES AND SERVE THE CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $33,529,034 Revenue: $32,386,852

ALBUQUERQUE ACADEMY IS A NATIONALLY RECOGNIZED INDEPENDENT, COLLEGE PREPARATORY SCHOOL THAT SERVES A DIVERSE STUDENT BODY IN GRADES SIX THROUGH TWELVE. THE SCHOOL OFFERS EDUCATIONAL PROGRAMS THAT...

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ALBUQUERQUE ACADEMY IS A NATIONALLY RECOGNIZED INDEPENDENT, COLLEGE PREPARATORY SCHOOL THAT SERVES A DIVERSE STUDENT BODY IN GRADES SIX THROUGH TWELVE. THE SCHOOL OFFERS EDUCATIONAL PROGRAMS THAT PROMOTE A PASSION FOR LIFELONG LEARNING, FOSTER CREATIVITY AND CONNECTION, AND ENCOURAGE COMMUNITY SERVICE. THE ACADEMY OPENED ITS DOORS IN THE FALL OF 1955 WITH 12 BOYS IN GRADES 7 THROUGH 9, TWO TEACHERS, AND FOUNDING HEAD WILLIAM WILBURN. CLASSES WERE HELD IN RENTED SPACE IN THE PARISH HALL OF ST. MICHAEL'S AND ALL ANGELS CHURCH. IN 1957, ENROLLMENT HAD GROWN TO 75 BOYS AND THE SCHOOL MOVED TO A 27-ACRE SITE ON NORTH EDITH BOULEVARD IN ALBUQUERQUE, NM. THE FIRST CLASS OF SEVEN BOYS GRADUATED IN 1960. IN 1966, THE SCHOOL MOVED TO ITS PRESENT LOCATION, AND IN 1967/68 WAS HOME TO 405 BOYS. GIRLS WERE ADMITTED BEGINNING IN 1973. FOR THE SCHOOL YEAR 2024/25, THE ACADEMY SERVED 1,198 GIRLS AND BOYS IN GRADES 6 THROUGH 12.THE ACADEMY'S REMARKABLE GROWTH WAS MADE POSSIBLE LARGELY THROUGH THE TRANSFORMATIONAL GIFT OF ALBERT G. SIMMS, A NEW MEXICO FINANCIER AND RANCHER, AND HIS WIFE, RUTH HANNA MCCORMICK SIMMS. IN THE EARLY 1960'S THE SIMMS GAVE OR BEQUEATHED TO THE ACADEMY (IN TRUST) MORE THAN 12,000 ACRES OF UNDEVELOPED LAND AND 8,000 SHARES OF ALBUQUERQUE NATIONAL BANK STOCK. THE UNDEVELOPED LAND HAS BEEN SOLD RESULTING IN THE ENDOWMENT THAT TODAY ENABLES EDUCATION IN A BEAUTIFUL AND UPLIFTING ENVIRONMENT, AND ALSO HAS PROVIDED THE SCHOOL ITS CAMPUS.THE UNIQUENESS OF THE ACADEMY IS DUE, IN LARGE PART, TO ITS COMMITMENT TO ITS ADMISSION POLICY, AND TO PROVIDING ACCESSIBILITY TO QUALIFIED STUDENTS FROM THROUGHOUT THE GREATER ALBUQUERQUE COMMUNITY. EVERY ACADEMY STUDENT BENEFITS FROM THE SCHOOL'S COMMITMENT TO ACCESSIBILITY AND AFFORDABILITY. DIRECT SUPPORT FROM THE ENDOWMENT COVERS APPROXIMATELY 12% OF THE COST NOT COVERED BY TUITION.A FURTHER COMMITMENT OF THE ACADEMY IS TO DIVERSITY AND DEDICATING THE SCHOOL'S RESOURCES TO CREATING AN ENVIRONMENT IN WHICH ALL STUDENTS CAN THRIVE. IT IS THE RESPONSIBILITY OF ALL THE SCHOOL'S CONSTITUENTS TO MAKE THIS ENVIRONMENT CONDUCIVE TO LEARNING AND TO FOSTER MUTUAL RESPECT FOR ONE ANOTHER. STUDENTS OF COLOR (INCLUDING STUDENTS OF MIDDLE EASTERN, HISPANIC, AFRICAN AMERICAN, ASIAN, AND NATIVE AMERICAN ANCESTRY) REPRESENTED APPROXIMATELY 57% OF THE TOTAL STUDENT POPULATION FOR THE 2024/25 SCHOOL YEAR. APPRECIATION FOR DIVERSITY IS ALSO EXTENDED TO THOSE OF VARIOUS SOCIOECONOMIC LEVELS.ACADEMY STUDENTS BENEFIT ACADEMICALLY FROM SMALL CLASSES (AVERAGING 13 STUDENTS PER CLASS) AND A TEACHER-TO-STUDENT RATIO OF 1:10.THE ACADEMY CURRICULUM IS RIGOROUS AND EXCLUSIVELY COLLEGE PREPARATORY. 24 ADVANCED PLACEMENT COURSES WERE OFFERED IN THE 2024/25 SCHOOL YEAR. THE 2025 GRADUATING CLASS HAD 17 NATIONAL MERIT SCHOLARSHIP SEMIFINALISTS AND 3 COMMENDED STUDENTS. THERE WERE 167 STUDENTS IN THE GRADUATING CLASS OF 2025. ALMOST ALL ACADEMY GRADUATES ENROLL IN A FOUR-YEAR COLLEGE OR UNIVERSITY IMMEDIATELY UPON GRADUATION.

Program 2
Expenses: $2,284,356 Revenue: $1,893,407

SUMMER PROGRAMTHE ACADEMY SUMMER SESSION OFFERED THE OPPORTUNITY TO 1,311 CHILDREN OF THE GREATER ALBUQUERQUE COMMUNITY (MOST NONAFFILIATED WITH THE REGULAR SCHOOL YEAR) TO PARTICIPATE IN AN...

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SUMMER PROGRAMTHE ACADEMY SUMMER SESSION OFFERED THE OPPORTUNITY TO 1,311 CHILDREN OF THE GREATER ALBUQUERQUE COMMUNITY (MOST NONAFFILIATED WITH THE REGULAR SCHOOL YEAR) TO PARTICIPATE IN AN ENRICHING AND EXCITING SUMMER EXPERIENCE DURING THE FISCAL YEAR ENDED JUNE 30, 2025. THE PROGRAM HAD MANY CLASS OFFERINGS INCLUDING EARLY CHILDHOOD PROGRAMS, A DAY CAMP, VARIOUS SPORTS CAMPS AND SWIM INSTRUCTION FOR CHILDREN FROM PRESCHOOL TO HIGH SCHOOL. CREDIT CLASSES IN MATH AND SCIENCE ARE ALSO OFFERED TO HIGH SCHOOL STUDENTS.THE SUMMER PROGRAM HAS BEEN AN INTEGRAL PART OF THE ACADEMY SINCE 1984, REINFORCING THE SCHOOL'S UNIQUE MISSION OF ACCESSIBILITY, AFFORDABILITY, EXCELLENCE AND OUTREACH. AN IMPORTANT OUTREACH EFFORT IS THE MULTICULTURAL SUMMER HONORS PROGRAM, A SUMMER SCHOLARSHIP PROGRAM FOR ACADEMICALLY TALENTED AND MOTIVATED AFRICAN AMERICAN, NATIVE AMERICAN, HISPANIC, AND OTHER STUDENTS WHO WILL BE ENTERING THE FOURTH AND FIFTH GRADES. OVERALL, THE SUMMER PROGRAMS BUILD A BROADER SENSE OF COMMUNITY AS SUMMER STUDENTS AND THEIR SIBLINGS, AS WELL AS CHILDREN OF FACULTY AND ALUMNI, RETURN SUMMER AFTER SUMMER. THE SESSION IS STAFFED BY QUALIFIED AND TALENTED INDIVIDUALS WHO COME FROM THROUGHOUT NEW MEXICO AND THE WIDER NATIONAL AND INTERNATIONAL EDUCATIONAL COMMUNITY.COMMUNITY ACADEMY:COMMUNITY ACADEMY SUPPORTS THE ACADEMY'S COMMITMENT TO COMMUNITY OUTREACH AND LIFE-LONG LEARNING. COMMUNITY ACADEMY OFFERS A CONTINUING EVENING LECTURE SERIES, FREE OF CHARGE TO THE ENTIRE COMMUNITY, PRESENTED BY ACADEMY FACULTY, ALUMNI, AND COMMUNITY LEADERS WITH EXPERTISE IN THEIR FIELDS.

Program 3
Expenses: $2,076,420 Revenue: $1,651,783

THE ACADEMY DINING HALLS PROVIDE LUNCH EVERY SCHOOL DAY FOR STUDENTS, FACULTY AND STAFF. SAGE, THE SCHOOL'S FOOD SERVICES VENDOR, HAS SERVED INDEPENDENT SCHOOLS FOR OVER 24 YEARS. SAGE'S MISSION IS...

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THE ACADEMY DINING HALLS PROVIDE LUNCH EVERY SCHOOL DAY FOR STUDENTS, FACULTY AND STAFF. SAGE, THE SCHOOL'S FOOD SERVICES VENDOR, HAS SERVED INDEPENDENT SCHOOLS FOR OVER 24 YEARS. SAGE'S MISSION IS OT CREATE EXCEPTIONAL DINING EXPERIENCES THAT DELIGHT THE SENSES, INSPIRE MINDS AND FOSTER COMMUNITY. THEY PROVIDE NUTRITIOUS MEALS PREPARED WITH CARE, PRESENTED IN AN ATTRACTIVE MANNER AND SERVED IN A FRIENDLY ATMOSPHERE BY A COURTEOUS STAFF. THE SAGE TEAM HAS BECOME A PART OF THE ACADEMY COMMUNITY, SHARING EVERY SUCCESS AND JOINING IN EVERY CELEBRATION.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,746,482
Program Service Revenue $37,142,958
Investment Income $4,084,036
Other Revenue $555,149
TOTAL REVENUE $45,528,625

Expense Breakdown

Grants Paid $5,286,928
Salaries & Benefits $24,736,221
Fundraising Expenses $1,054,027
Program Expenses $38,865,313
Other Expenses $14,572,643
TOTAL EXPENSES $44,595,792

Year-over-Year Comparison

2024 2023 Change
Revenue $45,528,625 $38,123,662 +0.2%
Expenses $44,595,792 $37,891,469 +0.2%
Net Income $932,833 $232,193 +3.0%
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
24
Independent Members
24
Employees
858
Volunteers
359

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
7
$656,559
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE HARRISON OGAWA CHAIR 10.00
Officer Director
$0 $0 $0
MOLLY CHEVES VICE CHAIR 5.00
Officer Director
$0 $0 $0
THOMAS SMIDT III TREASURER 5.00
Officer Director
$0 $0 $0
CHRIS BUTTNER SECRETARY 5.00
Officer Director
$0 $0 $0
CHRISTINA SHEEHAN ASSISTANT SECRETARY 5.00
Officer Director
$0 $0 $0
PATRICK APODACA GENERAL TRUSTEE 3.00
Director
$0 $0 $0
LIA ARMSTRONG GENERAL TRUSTEE 3.00
Director
$0 $0 $0
CHRISTINA BACHICHA GENERAL TRUSTEE 3.00
Director
$0 $0 $0
NOTAH BEGAY III GENERAL TRUSTEE 3.00
Director
$0 $0 $0
ALEJANDRO GRINE GENERAL TRUSTEE 3.00
Director
$0 $0 $0
LISSA HINES GENERAL TRUSTEE 3.00
Director
$0 $0 $0
ADAM HONEGGER GENERAL TRUSTEE 3.00
Director
$0 $0 $0
FRANCINE JACOBS GENERAL TRUSTEE 3.00
Director
$0 $0 $0
CHRIS JILLSON GENERAL TRUSTEE 3.00
Director
$0 $0 $0
ALICIA KEYES GENERAL TRUSTEE 3.00
Director
$0 $0 $0
RONALD W MOYA GENERAL TRUSTEE 3.00
Director
$0 $0 $0
CHAMIZA PACHECO DE ALAS GENERAL TRUSTEE 3.00
Director
$0 $0 $0
ERIKA RIMSON GENERAL TRUSTEE 3.00
Director
$0 $0 $0
VALERIE ROMERO-LEGGOTT GENERAL TRUSTEE 3.00
Director
$0 $0 $0
JENNIFER SCRIVNER GENERAL TRUSTEE 3.00
Director
$0 $0 $0
ALAN SHETTLESWORTH GENERAL TRUSTEE 3.00
Director
$0 $0 $0
CHANDLER TODD GENERAL TRUSTEE 3.00
Director
$0 $0 $0
DIANNE TOHEN GENERAL TRUSTEE 3.00
Director
$0 $0 $0
BARRETT YATES MACK GENERAL TRUSTEE 3.00
Director
$0 $0 $0
JULIANNE PUENTE HEAD OF SCHOOL 40.00
Officer
$367,203 $56,388 $423,591
SHAWN RICKETTS CHIEF FINANCIAL & OPERATIONS OFFICER 40.00
Officer
$197,930 $35,038 $232,968
CHRISTINE LENHART ASSOCIATE HEAD OF SCHOOL 40.00
Highest
$137,927 $70,873 $208,800
STEPHANIE LEVY-LIPKOWITZ ASSOCIATE HEAD OF SCHOOL 40.00
Highest
$141,717 $36,929 $178,646
JOSEPH WEISS DIRECTOR OF ADVANCEMENT 40.00
Highest
$135,248 $27,423 $162,671
TARYN BACHIS ATHLETICS DIRECTOR 40.00
Highest
$132,818 $10,481 $143,299
AMY EGLINTON KELLER EXTERNAL RELATIONS DIRECTOR 40.00
Highest
$122,065 $7,108 $129,173
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 $45,528,625 $44,595,792 $161,806,665 $932,833
2024 $38,123,662 $37,891,469 $156,773,773 $232,193
2023 $34,426,466 $37,197,224 $150,525,848 $-2,770,758
2022 $36,231,322 $35,574,269 $147,263,134 $657,053
2021 $34,153,293 $32,192,145 $165,817,111 $1,961,148
2020 $32,991,733 $33,248,209 $142,402,536 $-256,476
2019 $40,083,119 $34,454,925 $143,245,332 $5,628,194
2018 $31,950,355 $33,960,261 $119,460,055 $-2,009,906
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