NEW MEXICO OUT-OF SCHOOL TIME NETWORK

EIN: 923637887 501(c)(3) Education

ALBUQUERQUE, NM

Total Revenue
$324,228
Total Expenses
$181,034
Total Assets
$144,473
Net Assets
$143,194
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NM
Principal Officer
MAY SAGBAKKEN
Phone
5052642705
Tax Period
2023-03-31 to 2023-12-31

NEW MEXICO OUT-OF SCHOOL TIME NETWORK, founded in 2023, is a small nonprofit in the Education sector that reported $324K in total revenue in fiscal year 2023. The organization ran a surplus of $143K, a strong 44% operating margin.

Mission

TO CULTIVATE ENRICHING EXPERIENCES FOR CHILDREN AND YOUTH BEYOND THE SCHOOL DAY.

Program Service Accomplishments

Program 1
Expenses: $65,837

PROFESSIONAL DEVELOPMENT: NMOST HOSTED ITS 13TH ANNUAL FALL INTO PLACE CONFERENCE ON OCTOBER 26-27, 2023, IN PARTNERSHIP WITH THE NM PUBLIC EDUCATION DEPARTMENT (NM PED) ON THE DCPV360 VIRTUAL...

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PROFESSIONAL DEVELOPMENT: NMOST HOSTED ITS 13TH ANNUAL FALL INTO PLACE CONFERENCE ON OCTOBER 26-27, 2023, IN PARTNERSHIP WITH THE NM PUBLIC EDUCATION DEPARTMENT (NM PED) ON THE DCPV360 VIRTUAL PLATFORM. THE CONFERENCE WAS A GREAT SUCCESS WITH 310 REGISTRANTS REPRESENTING THE OST FIELD, EDUCATION, GOVERNMENT, COMMUNITY-BASED ORGANIZATIONS, AND YOUTH. THE EVENT INCLUDED THREE (3) PRE-CONFERENCES FOR 21ST CENTURY COMMUNITY LEARNING CENTERS, ARP ESSER IIII AND NEW AFTERSCHOOL SITES FUNDED WITH HB2 FUNDS. POLICY LEADERS SPEAKING INCLUDED AMANDA DEBELL, DEPUTY SECRETARY OF TEACHING, LEARNING, AND INNOVATION FOR NM PED AND NM LT. GOV. HOWIE MORALES. NMOST ESTABLISHED THE FIRST OST LEADERSHIP INSTITUTE IN NEW MEXICO INSTITUTE TO PROVIDE HIGH-QUALITY PROFESSIONAL DEVELOPMENT FOR EMERGING OST LEADERS WORKING IN UNDERSERVED COMMUNITIES. IN 2023, WE IMPLEMENTED A SERIES OF FREE VIRTUAL WORKSHOPS AVAILABLE TO ALL, WHILE RECRUITING FOR THE FIRST IN-PERSON INSTITUTE IN 2024 SINCE THE PANDEMIC. NMOST ALSO HOSTED AN EVENING RECEPTION FOR CHAMPIONS OF AFTERSCHOOL AND SUMMER LEARNING AT THE NATIONAL INDIAN EDUCATION ASSOCIATION IN PARTNERSHIP WITH NATIONAL STATE AFTERSCHOOL NETWORKS AND THE CHARLES STEWART MOTT FOUNDATION. OUR NEWSLETTERS, WEBSITE AND SOCIAL MEDIA IS OUR MAIN STRATEGY TO PROVIDE ACCESS TO RESOURCES, AVAILABLE TRAINING, AND WORKSHOPS STATEWIDE AND NATIONALLY FOR OST PROVIDERS ACROSS THE STATE.

Program 2
Expenses: $17,272

STEM EDUCATION: NMOST STRIVE TO REACH MORE YOUTH WITH STEM LEARNING OPPORTUNITIES, ESPECIALLY GIRLS AND UNDER-REPRESENTED YOUTH IN NEW MEXICO. NMOST ALSO WORKS TO EQUIP OST PROGRAMS WITH TOOLS AND...

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STEM EDUCATION: NMOST STRIVE TO REACH MORE YOUTH WITH STEM LEARNING OPPORTUNITIES, ESPECIALLY GIRLS AND UNDER-REPRESENTED YOUTH IN NEW MEXICO. NMOST ALSO WORKS TO EQUIP OST PROGRAMS WITH TOOLS AND RESOURCES TO MEET OUR GOAL OF EXPANDING OPPORTUNITIES FOR NEW MEXICO YOUTH TO LEARN ABOUT AND EXPERIENCE ENTREPRENEURSHIP AND INNOVATION. THROUGH OUR STEM NEXT MILLION GIRLS MOONSHOT INITIATIVE WE SUPPORT AND INSPIRE MORE YOUNG WOMEN TO PURSUE A STEM EDUCATION AND CAREER THROUGH THE ADVANCING YOUNG WOMEN IN STEM SCHOLARSHIP AND RELATED EVENTS. SINCE 2018, NMOST HAS AWARDED 57 SCHOLARSHIPS TOTALING 42,500 TO YOUNG WOMEN PURSUING OR COMMITTED TO PURSUING A STEM DEGREE AND/OR STEM CAREER HELPING TO CLOSE THE GENDER GAP AND FILL THE PIPELINE FOR THE NEXT GENERATION OF HIGH-PAYING CAREERS. NMOST INITIATED THE NM STEM GENDER EQUITY COALITION WITH INDUSTRY PARTNERS AND OST PROVIDERS TO CREATE A SPACE TO SHARE AND DISCUSS LESSONS LEARNED, ACTIONABLE TOOLS AND STRATEGIES TO RECRUIT, EMPOWER AND RETAIN GIRLS AND YOUNG WOMEN IN STEM. NMOST DEVELOPED THE "12 PROMISING PRACTICE GUIDELINES FOR ENGAGING GIRLS IN STEM THROUGH OUT-OF-SCHOOL TIME" IN CONCERT WITH THE COALITION AND AN ASSESSMENT TOOL FOR OST PROVIDERS TO EVALUATE THEIR OWN CIRCUMSTANCES AND OPPORTUNITIES IN THE 12 CATEGORIES.

Program 3
Expenses: $38,293

COMMUNICATION: NMOST ENGAGED OST PROVIDERS, 21ST CCLC CENTERS, COMMUNITY SCHOOLS, LEAS AND PARTNERS THROUGH NEWSLETTERS, OUR WEBSITE, LISTENING SESSIONS AND EVENTS LEADING TO QUALITY OST PROGRAMMING...

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COMMUNICATION: NMOST ENGAGED OST PROVIDERS, 21ST CCLC CENTERS, COMMUNITY SCHOOLS, LEAS AND PARTNERS THROUGH NEWSLETTERS, OUR WEBSITE, LISTENING SESSIONS AND EVENTS LEADING TO QUALITY OST PROGRAMMING, INCREASED CONNECTION AND SHARING BEST PRACTICES AND LESSONS LEARNED. OUR BIGGEST SUCCESS IN 2023 WAS THE CULMINATION OF YEARS OF ADVOCACY AND POLICYMAKER EDUCATION WITH THE INCLUSION OF 20M IN HB2 FOR AFTERSCHOOL PROGRAMS, SUMMER LEARNING, AND TUTORING. THE FUNDING CREATED MORE THAN 200 NEW AND EXPANDED AFTERSCHOOL PROGRAM SITES THROUGHOUT THE STATE. OUR MONTHLY STEM NEWSLETTER, INFORMATION CAMPAIGNS, WEBSITE AND SOCIAL MEDIA IS OUR MAIN STRATEGY TO COMMUNICATE WITH THE LARGER NETWORK OF 1900 SUBSCRIBERS. YOUTH VOICE AND REPRESENTATION IS INCLUDED IN ALL OUR EVENTS, ADVOCACY DAYS, AND VIA ALL OUR COMMUNICATIONS. NMOST SUCCESSFULLY PUBLISHED OP-EDS IN ALL REGIONAL NEWSPAPERS AND WAS INVITED TO SPEAK AT THE COMMUNITY SCHOOLS CONFERENCE AND THE NM PED CHARTER SCHOOL CONFERENCE. OVERALL, THE INTEREST IN OST AND THE POTENTIAL IMPACT ON STUDENTS' WELLBEING AND ACADEMIC SUCCESS IS GROWING AT A RAPID PACE AND IS NOW A CONVERSATION AT THE SCHOOL, DISTRICT, AND STATE LEVELS. OUR STAFF ARE MEMBERS OF THE ALBUQUERQUE MAYOR'S KIDS CABINET, THE GOVERNOR'S JUVENILE JUSTICE BOARD AND THE COMMUNITY SCHOOLS COUNCIL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $252,936
Program Service Revenue $50,612
Investment Income $0
Other Revenue $20,680
TOTAL REVENUE $324,228

Expense Breakdown

Grants Paid $8,250
Salaries & Benefits $120,592
Fundraising Expenses $1,769
Program Expenses $148,374
Other Expenses $52,192
TOTAL EXPENSES $181,034

Year-over-Year Comparison

2023 2022 Change
Revenue $324,228 N/A N/A
Expenses $181,034 N/A N/A
Net Income $143,194 N/A N/A
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
3
Independent Members
3
Employees
3
Volunteers
20

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
4
$75,035
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAY SAGBAKKEN EXECUTIVE DI 40.00
Officer
$50,535 $0 $75,035
LISA GUIDA CHAIR 2.00
Officer Director
$0 $0 $0
ERIKA ACOSTA VICE-CHAIR 2.00
Officer Director
$0 $0 $0
APRIL CHRISTENSEN TREASURER 2.00
Officer 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 $324,228 $181,034 $144,473 $143,194
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