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 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

TO PROVIDE HIGH QUALITY, AFFORDABLE, PROFESSIONAL TRAINING AND EDUCATION PROGRAMS AND SERVICES TO THE NEW MEXICO LEGAL COMMUNITY. ADDITIONALLY, THE ORGANIZATION SPONSORS, PROMOTES, AND ASSISTS SOCIAL WELFARE PROJECTS AND PROGRAMS FOR THE BENEFIT AND WELL-BEING OF PERSONS IN NEW MEXICO.

Program Service Accomplishments

Program 1
Expenses: $749,626

LEGAL SERVICES TO THE PUBLIC. PROVIDES PROGRAMS, ACTIVITIES AND OPPORTUNITIES FOR BOTH MEMBERS OF THE BAR AND THE PUBLIC. PROGRAMS INCLUDE: -LEGAL RESOURCES FOR THE ELDERLY PROGRAM (LREP)- LREP IS A...

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LEGAL SERVICES TO THE PUBLIC. PROVIDES PROGRAMS, ACTIVITIES AND OPPORTUNITIES FOR BOTH MEMBERS OF THE BAR AND THE PUBLIC. PROGRAMS INCLUDE: -LEGAL RESOURCES FOR THE ELDERLY PROGRAM (LREP)- LREP IS A LEGAL SERVICE PROVIDER PROGRAM FOR THE ELDERLY. LREP ASSISTS INDIVIDUALS 55 YEARS OF AGE AND OLDER IN FINDING LEGAL REPRESENTATION FOR CIVIL LEGAL ISSUES BY REFERRING CASES TO VOLUNTEER ATTORNEYS THROUGHOUT NEW MEXICO. LREP PROVIDES PROGRAM PARTICIPANTS WITH LEGAL ADVICE AND INFORMATION AND CONDUCTS WORKSHOPS AND CLINICS TO PROVIDE LEGAL INFORMATION TO SENIOR CITIZENS. LREP IS FUNDED BY THE STATE OF NEW MEXICO AGING AND LONG-TERM SERVICES DEPARTMENT. THE FUNDS RECEIVED FROM AGENCIES AND PRIVATE FOUNDATIONS ARE RESTRICTED FOR USE BY LREP AND ARE SUBJECT TO POSSIBLE FUTURE CUTBACKS DUE TO CHANGES IN FUNDING PRIORITIES.

Program 2
Expenses: $451,109

CENTER FOR LEGAL EDUCATION (CLE) - PROVIDES HIGH QUALITY, AFFORDABLE, PROFESSIONAL TRAINING AND EDUCATION PROGRAMS AND SERVICES TO THE NEW MEXICO LEGAL COMMUNITY. CLE OFFERS A FULL RANGE OF...

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CENTER FOR LEGAL EDUCATION (CLE) - PROVIDES HIGH QUALITY, AFFORDABLE, PROFESSIONAL TRAINING AND EDUCATION PROGRAMS AND SERVICES TO THE NEW MEXICO LEGAL COMMUNITY. CLE OFFERS A FULL RANGE OF EDUCATIONAL SERVICES INCLUDING LIVE SEMINAR PROGRAMS, LIVE LEGAL EDUCATION TELECONFERENCES, AUDIO AND VIDEO RECORDINGS, PUBLICATIONS AND OTHER PROFESSIONAL SERVICES TO MEET SPECIAL TRAINING NEEDS.

Program 3
Expenses: $38,577

BAR CENTER/PROFESSIONAL DEVELOPMENT CENTER (PDC)- THE BAR CENTER OFFERS USE OF ROOMS AS A SERVICE TO MEMBERS OF THE STATE BAR AT A DISCOUNTED RATE. THE ROOMS ARE ALSO AVAILABLE TO RENT TO OUTSIDE...

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BAR CENTER/PROFESSIONAL DEVELOPMENT CENTER (PDC)- THE BAR CENTER OFFERS USE OF ROOMS AS A SERVICE TO MEMBERS OF THE STATE BAR AT A DISCOUNTED RATE. THE ROOMS ARE ALSO AVAILABLE TO RENT TO OUTSIDE GROUPS, CONTINUING LEGAL EDUCATION PROVIDERS, AND LAW-RELATED ENTITIES.

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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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