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Filing year 2023

NEW MEXICO TECH FOUNDATION

Socorro, New Mexico·EIN 85-0194323·501(c)(3)
Total revenue
$3.4M
Total assets
$43.9M
Total expenses
$3.2M
Reported officers
16
Mission

THE FOUNDATION IS ORGANIZED TO PROMOTE AND ADVANCE THE INTERESTS OF THE NEW MEXICO INSTITUTE OF MINING AND TECHNOLOGY BY MAKING FUNDS AVAILABLE FOR INSTITUTIONAL SUPPORT AND SCHOLARSHIPS.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Trustee
Board Member
Median to 75th percentile
$38k
$42k
Executive Director
10th to 25th percentile
$29k
$32k
Trustee (through April 2024)
Board Member
Median to 75th percentile
$24k
$26k
Trustee
Board Member
25th percentile to median
$14k
$15k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 12 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 38%
from 2022

From $61k in 2022 to $38k in 2023.

$61k
2022
$38k
2023
In today's dollarsEst.
Down 40% in real terms$70k to $42k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 38% from 2022 to 2023, while revenue fell 43%.

$61k in 2022 to $38k in 2023.
  • Chief Executive Officer pay rose 3% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW MEXICO TECH FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.9M
$3.7M
2022
$3.4M
$3.2M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW MEXICO TECH FOUNDATION

What does the Board Member of NEW MEXICO TECH FOUNDATION earn?

In 2023, the Board Member of NEW MEXICO TECH FOUNDATION received $38,087 in total compensation. This pay is above the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at NEW MEXICO TECH FOUNDATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at NEW MEXICO TECH FOUNDATION falls between the median and the 75th percentile.

What are NEW MEXICO TECH FOUNDATION's revenue and expenses?

In 2023, NEW MEXICO TECH FOUNDATION reported $3.4M in total revenue and $3.2M in total expenses on its IRS Form 990.

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