CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC

EIN: 850338623 501(c)(3)

ALBUQUERQUE, NM

Total Revenue
$1,460,467
Total Expenses
$1,434,340
Total Assets
$15,327,149
Net Assets
$14,161,747
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NM
Principal Officer
OLIVIA PADILLA-JACKSON
Phone
5052244685
Tax Period
2022-07-01 to 2023-06-30

CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC, founded in 1985, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $14.2M represent 116 months of operating reserves.

Mission

THE CNM FOUNDATION IS COMMITTED TO THE PRINCIPLE THAT NO CENTRAL NEW MEXICO COMMUNITY COLLEGE STUDENT SHOULD BE DENIED THE OPPORTUNITY FOR AN EDUCATION OR VOCATIONAL TRAINING DUE SOLELY TO A LACK OF FINANCIAL RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $1,240,230

CNM IS THE LARGEST POST-SECONDARY INSTITUTION IN THE STATE OF NEW MEXICO, EDUCATING SOME 27,705 INDIVIDUALS PER YEAR. THE CNM FOUNDATION IS THE FUNDRAISING AND ADVOCACY GROUP PROMOTING CNM AND ITS...

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CNM IS THE LARGEST POST-SECONDARY INSTITUTION IN THE STATE OF NEW MEXICO, EDUCATING SOME 27,705 INDIVIDUALS PER YEAR. THE CNM FOUNDATION IS THE FUNDRAISING AND ADVOCACY GROUP PROMOTING CNM AND ITS PROGRAMS WITHIN THE COMMUNITY. THE FOUNDATION'S MISSION IS TO PROVIDE THE EXTRA FINANCIAL ASSISTANCE NECESSARY FOR THE RESIDENTS OF CNM'S SERVICE AREA TO OBTAIN THE QUALITY EDUCATIONAL OPPORTUNITIES THEY DESERVE. THE CNM FOUNDATION PROVIDES SCHOLARSHIPS TO SUPPORT THE STUDENTS AT CNM, ASSISTING STUDENTS WITH TUITION, FEES, BOOKS, AND BASIC LIFE EXPENSES TO ENSURE THEIR SUCCESS.

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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 $1,374,068
Program Service Revenue $0
Investment Income $86,399
Other Revenue $0
TOTAL REVENUE $1,460,467

Expense Breakdown

Grants Paid $1,215,230
Salaries & Benefits $0
Fundraising Expenses $87,510
Program Expenses $1,240,230
Other Expenses $219,110
TOTAL EXPENSES $1,434,340

Year-over-Year Comparison

2022 2021 Change
Revenue $1,460,467 $2,093,764 -0.3%
Expenses $1,434,340 $1,328,535 +0.1%
Net Income $26,127 $765,229 -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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
30
Independent Members
26
Employees
N/A
Volunteers
26

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
10
$925,008
Total Directors
30
$925,008
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH HARTNETT PRESIDENT 0.30
Officer Director
$0 $0 $0
THOMAS BRIONES PRESIDENT-ELECT 0.30
Officer Director
$0 $0 $0
ADRIAN CHAVEZ PAST PRESIDENT 0.30
Officer Director
$0 $0 $0
CLINT WELLS SECRETARY 36.00
Officer Director
$0 $26,150 $131,945
OLIVIA PADILLA-JACKSON TREASURER 0.30
Officer Director
$0 $52,237 $239,387
TRACY HARTZLER CNM PRESIDENT 0.30
Officer Director
$0 $56,180 $346,073
SAMANTHA SENGEL VP WORKFORCE AND COMMUNITY 0.30
Officer Director
$0 $37,202 $207,603
MIKE MERTZ CHAIR, DEVELOPMENT COMMITT 0.30
Officer Director
$0 $0 $0
STEVEN ANAYA CHAIR - NOMINATING COMMITTEE 0.30
Officer Director
$0 $0 $0
PHILLIP PREVENDER CHAIR - FINANCE & INVESTMENT 0.30
Officer Director
$0 $0 $0
ROSS BUSBY MEMBER 0.30
Director
$0 $0 $0
KENT CRAVENS MEMBER 0.30
Director
$0 $0 $0
MICHELLE DEARHOLT MEMBER 0.30
Director
$0 $0 $0
LAURIE DONOVAN MEMBER 0.30
Director
$0 $0 $0
KELLY FAMIGLIETTA MEMBER 0.30
Director
$0 $0 $0
JOE FARR MEMBER 0.30
Director
$0 $0 $0
FRANK GALLEGOS MEMBER 0.30
Director
$0 $0 $0
ED GARCIA MEMBER 0.30
Director
$0 $0 $0
MARK GORHAM MEMBER 0.30
Director
$0 $0 $0
MEGAN HOLUBIAK MEMBER 0.30
Director
$0 $0 $0
SHAD S JAMES MEMBER 0.30
Director
$0 $0 $0
BARBARA LEWIS MEMBER 0.30
Director
$0 $0 $0
WILLIAM MARTINEZ MEMBER 0.30
Director
$0 $0 $0
KIRK MEYER MEMBER 0.30
Director
$0 $0 $0
YOLANDA MONTANO-LOVATO MEMBER 0.30
Director
$0 $0 $0
ERIN MUFFOLETTO MEMBER 0.30
Director
$0 $0 $0
JESSICA SANCHEZ MEMBER 0.30
Director
$0 $0 $0
JENNIFER SINSABAUGH MEMBER 0.30
Director
$0 $0 $0
AMY TAPIA MEMBER 0.30
Director
$0 $0 $0
JOSEPH VARRO JR MEMBER 0.30
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 $1,460,467 $1,434,340 $15,327,149 $26,127
2022 $2,093,764 $1,328,535 $14,233,647 $765,229
2021 $2,438,283 $1,176,762 $15,765,417 $1,261,521
2020 $2,403,941 $1,483,388 $12,971,192 $920,553
2019 $1,809,842 $1,614,981 $11,989,377 $194,861
2018 $1,896,308 $1,161,145 $10,365,081 $735,163
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