NEW MEXICO STATE BAR FOUNDATION

EIN: 850390079 501(c)(3) Unknown

ALBUQUERQUE, NM

Total Revenue
$1,770,597
Total Expenses
$1,564,491
Total Assets
$1,190,115
Net Assets
$561,914
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NM
Principal Officer
RICHARD B SPINELLO
Phone
5057976000
Tax Period
2023-01-01 to 2023-12-31

NEW MEXICO STATE BAR FOUNDATION, founded in 1991, is a community nonprofit in the Unknown sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 12% surplus.

Mission

THE PURPOSES OF THE NEW MEXICO STATE BAR FOUNDATION ARE TO PROVIDE HIGH QUALITY, AFFORDABLE PROFESSIONAL TRAINING AND EDUCATION PROGRAMS AND SERVICES PRIMARILY TO THE NEW MEXICO LEGAL COMMUNITY (CENTER FOR LEGAL EDUCATION). ADDITIONALLY, THE NEW MEXICO STATE BAR FOUNDATION SPONSORS, PROMOTES, AND ASSISTS SOCIAL WELFARE PROJECTS AND PROGRAMS FOR THE BENEFIT AND WELL-BEING OF PERSONS IN THE STATE OF NEW MEXICO, INCLUDING PROJECTS AND PROGRAMS FOR THE PUBLIC. THE NEW MEXICO STATE BAR FOUNDATION PROGRAMS RELATE TO LEGAL SERVICES FOR NEEDY AND ELDERLY PERSONS (MODEST MEANS HELPLINE AND LEGAL RESOURCES FOR THE ELDERLY PROGRAM). THE NEW MEXICO STATE BAR FOUNDATION'S EDUCATIONAL SERVICES INCLUDE PRODUCING AND PROVIDING QUALITY CONTINUING LEGAL EDUCATION PROGRAMS IN VARIOUS FORMATS TO MEMBERS STATWIDE (CENTER FOR LEGAL EDUCATION).

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $795,686
Program Service Revenue $949,890
Investment Income $967
Other Revenue $24,054
TOTAL REVENUE $1,770,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,143,513
Fundraising Expenses $0
Program Expenses $1,246,667
Other Expenses $420,978
TOTAL EXPENSES $1,564,491

Year-over-Year Comparison

2023 2022 Change
Revenue $1,770,597 $1,531,237 +0.2%
Expenses $1,564,491 $1,404,303 +0.1%
Net Income $206,106 $126,934 +0.6%
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
9
Independent Members
9
Employees
24
Volunteers
1000

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
5
$167,350
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD B SPINELLO EXECUTIVE DI 1.00
Officer
$0 $18,578 $167,350
ALLISON BLOCK-CHAVEZ BOARD MEMBER 1.00
Director
$0 $0 $0
AJA BROOKS PAST PRESIDE 1.00
Officer Director
$0 $0 $0
HON CARL BUTKUS PRESIDENT 1.00
Officer Director
$0 $0 $0
STEFANIE DAVIS SECRETARY-TR 1.00
Officer Director
$0 $0 $0
GERALD DIXON VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MITCHELL MENDER BOARD MEMBER 1.00
Director
$0 $0 $0
LUCY SINKULAR BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH TRAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHANIE WAGNER BOARD MEMBER 1.00
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
2024 No data No data No data No data
2023 $1,770,597 $1,564,491 $1,190,115 $206,106
2022 $1,531,237 $1,404,303 $1,051,990 $126,934
2021 $1,346,209 $1,072,510 $1,272,594 $273,699
2020 $1,231,514 $1,114,168 $1,130,770 $117,346
2019 $1,320,837 $1,327,819 $1,498,592 $-6,982
2018 $1,424,454 $1,381,757 $1,523,745 $42,697
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