NEW HORIZONS FOUNDATION: Form 990PF, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- NEW HORIZONS FOUNDATION (EIN 45-3751544)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-05-15
- IRS object ID
- 201911359349103776
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Land Etc Schedule2
- Other Decreases Schedule
- Other Expenses Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-05-15T16:54:11-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 721396621 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CARR RIGGS & INGRAM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 201 SOUTH HALAGUENO STREET | AddressLine1Txt |
| City | CARLSBAD | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 88220 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453751544 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NMJC RESEARCH FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | NMJC | BusinessNameControlTxt |
| Phone | 5753924510 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5317 N LOVINGTON HWY | AddressLine1Txt |
| City | HOBBS | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 88240 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GREGG FULFER | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5753924510 | PhoneNum |
| Signature | 2019-05-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CINDY MOFFATT BRYAN | PreparerPersonNm |
| PTIN | P00805956 | PTIN |
| Phone | 5758854184 | PhoneNum |
| Preparation | 2019-05-13 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $268,453 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $850,000 | ContriRcvdRevAndExpnssAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $850,000 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $0 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $132,265 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $132,265 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $13,007 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Adj Net Incm | $0 | OthEmplSlrsWgsAdjNetIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $13,007 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $33,549 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Adj Net Incm | $0 | PensionEmplBnftAdjNetIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $33,549 | PensionEmplBnftDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $648,480 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $640,927 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $10,054 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $10,054 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $43,798 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Adj Net Incm | $0 | OccupancyAdjNetIncmAmt |
| Occupancy Dsbrs Chrtbl | $43,798 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $30,268 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Adj Net Incm | $0 | TravConfMeetingAdjNetIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $30,268 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $26,864 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $26,864 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $938,285 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $930,732 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $938,285 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $930,732 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$88,285 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $346,860 | CashBOYAmt |
| Cash EOY | $218,954 | CashEOYAmt |
| Cash EOYFMV | $218,954 | CashEOYFMVAmt |
| Acct Rcvbl | $6,120 | AcctRcvblAmt |
| Acct Rcvbl EOY | $6,120 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $6,120 | AcctRcvblEOYFMVAmt |
| Prepaid Expenses EOY | $27,771 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $27,771 | PrepaidExpensesEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $15,608 | LandBldgEquipCostOrOtherBssAmt |
| Land BOY | $4,524 | LandBOYAmt |
| Land EOY | $15,608 | LandEOYAmt |
| Land EOYFMV | $15,608 | LandEOYFMVAmt |
| Total Assets BOY | $351,384 | TotalAssetsBOYAmt |
| Total Assets EOY | $268,453 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $268,453 | TotalAssetsEOYFMVAmt |
| Accounts Payable EOY | $7,553 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,553 | TotalLiabilitiesEOYAmt |
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
| Unrestricted BOY | $351,384 | UnrestrictedBOYAmt |
| Unrestricted EOY | $260,900 | UnrestrictedEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $351,384 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $260,900 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $351,384 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $268,453 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $351,384 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$88,285 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $263,099 | SubtotalAmt |
| Other Decreases | $2,199 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $260,900 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $813,896 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $461,757 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 1.762607 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $819,212 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $482,076 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 1.699342 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $666,626 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $287,436 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 2.319215 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $619,530 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $237,280 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 2.610966 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $186,291 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $43,241 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 4.308203 | DistributionYr5Rt |
| Total Distribution | 12.700333 | TotalDistributionRt |
| Average Distribution | 2.540067 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $352,443 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $895,229 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $0 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $895,229 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $930,732 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Domestic Org Meeting Sect4940e | Yes (X) | DomesticOrgMeetingSect4940eInd |
| Investment Income Excise Tax | $0 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $0 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $0 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $0 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | NM | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.NHFOUNDATION.NET | WebsiteAddressTxt |
| Individual With Books | NEW MEXICO JUNIOR COLLEGE | IndividualWithBooksNm |
| Phone | 5754922769 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5317 LOVINGTON HWY | AddressLine1Txt |
| City | HOBBS | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 88240 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| RON BLACK | ||||||||
| 216 W ALBERTSON DRIVE | HOBBS | NM | 88240 | SECRETARY/TREASURER | 1.00 | $0 | $0 | $0 |
| DR KELVIN SHARP | ||||||||
| 5317 LOVINGTON HWY | HOBBS | NM | 88240 | VICE PRESIDENT | 1.00 | $0 | $0 | $0 |
| GREGG FULFER | ||||||||
| PO BOX 548 | JAL | NM | 88252 | PRESIDENT | 1.50 | $0 | $0 | $0 |
| GUY KESNER | ||||||||
| 4020 FIESTA | HOBBS | NM | 88240 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TRES HICKS | ||||||||
| 100 E NAVAJO DRIVE SUITE 100 | HOBBS | NM | 88240 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| DALE GANNAWAY | ||||||||
| 5317 LOVINGTON HWY | HOBBS | NM | 88240 | EXEC DIR | 50.00 | $0 | $0 | $0 |
| DON JONES | ||||||||
| 5317 LOVINGTON HWY | HOBBS | NM | 88240 | DIRECTOR | 1.00 | $132,265 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| P & F HOLDINGS LLC | |||||
| 202 WESTBURY LANE | GEORGETOWN | TX | 78633 | CONSULTING | $260,000 |
| DICKINSON WRIGHT PLLC | |||||
| 303 COLORADO STREET SUITE 205 | AUSTIN | TX | 787014653 | ATTORNEY | $109,748 |
| PEMCO OF NEW MEXICO | |||||
| PO BOX 428 | HOBBS | NM | 88240 | CONSULTING | $83,548 |
| TECHNOLOGY COMMERCIALIZATION ADV | |||||
| 4618 HOLLY RIDGE ROAD | ROCKVILLE | MD | 20853 | CONSULTING | $66,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | FUNDING THE ONGOING APPLICATION AND USE OF THE MASTER COOPERATIVE RESEARCH AND DEVELOPMENT AGREEMENT (CRADA) WITH THE U.S. ARMY RESEARCH LABORATORY SYSTEM (ARL) AND THE U.S. ARMY RESEARCH, DEVELOPMENT, AND ENGINEERING CENTER (ARDEC), TO LICENSE TECHNOLOGIES AND ACCESS CAPABILITIES FROM WITHIN THE LABS. | Description1Txt |
| Expenses1 | $50,750 | Expenses1Amt |
| Description2 | FUNDING FOR THE TECHNOLOGY TRANSFER TEAM OF PROFESSIONALS WHO POSSESS A WIDE RANGE OF SKILS AND EXPERTISE THAT GIVES SOUTHEASTERN NEW MEXICO CAPABILITIES THAT HAVE NEVER BEEN AVAILABLE FOR KNOWLEDGE-BASED ECONOMIC DEVELOPMENT BEFORE. | Description2Txt |
| Expenses2 | $523,765 | Expenses2Amt |
| Description3 | FUNDING FOR THE TECHNOLOGY TRANSFER TEAM OF PROFESSIONALS THAT GIVES SOUTHEASTERN NEW MEXICO CAPABILITIES THAT HAVE PREVIOUSLY BEEN UNAVAILABLE FOR KNOWLEDGE-BASED ECONOMIC DEVELOPMENT IN THE REGION. | Description3Txt |
| Expenses3 | $326,523 | Expenses3Amt |
| Description4 | FUNDING THE ONGOING EDUCATION OF THE CITIZENS OF THE LEA COUNTY, SOUTHEASTERN NEW MEXICO, AND THE PERMIAN BASIN AS TO WHAT "KNOWLEDGE-BASED" ECOMONIC DEVELOPEMENT IS AND THE VALUE IT POSSESSES FOR THE FUTURE. . | Description4Txt |
| Expenses4 | $39,350 | Expenses4Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $0 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $357,810 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $357,810 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $357,810 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $5,367 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $352,443 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $17,622 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $17,622 | MinimumInvestmentReturnAmt |
| Total Tax | $0 | TotalTaxAmt |
| Distributable Before Adj | $17,622 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $17,622 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $17,622 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $930,732 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $930,732 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $930,732 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $17,622 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $184,129 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $619,530 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $651,062 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $795,108 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $790,808 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $3,040,637 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $930,732 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $17,622 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $913,110 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $3,953,747 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $184,129 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $3,769,618 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $619,530 | ExcessFromYear4Amt |
| Excess From Year3 | $651,062 | ExcessFromYear3Amt |
| Excess From Year2 | $795,108 | ExcessFromYear2Amt |
| Excess From Year1 | $790,808 | ExcessFromYear1Amt |
| Excess From Current Year | $913,110 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $0 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $0 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | Yes (1) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail
Organization Business Name OrganizationBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NM JUNIOR COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Type | COLLEGE | OrganizationTypeDesc |
| Relationship Description | FUNDING & BOOKKEEPING SERVICES | RelationshipDescriptionTxt |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (2 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| NEW MEXICO JUNIOR COLLEGE | ||||||
| 1 | 5317 LOVINGTON HWY | HOBBS | NM | 88240 | $450,000 | Yes (X) |
| LEA COUNTY NEW MEXICO | ||||||
| 2 | 100 N MAIN STREET | HOBBS | NM | 88240 | $400,000 | Yes (X) |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | PATENT - CARBON FIBER | CategoryOrItemTxt |
| Cost Or Other Basis | $15,608 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $0 | AccumulatedDepreciationAmt |
| Book Value | $15,608 | BookValueAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD ADJUSTMENT - CORRECTION TO NET FIXED ASSET VALUES | Desc |
| Amt | $2,199 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| COPIER EXPENSE | $116 | $0 | $0 | $116 |
| DUES & MEMBERHSIPS | $500 | $0 | $0 | $500 |
| INSURANCE | $9,282 | $0 | $0 | $9,282 |
| POSTAGE | $29 | $0 | $0 | $29 |
| SUPPLIES | $16,005 | $0 | $0 | $16,005 |
| TELEPHONE | $932 | $0 | $0 | $932 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (5 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| PROFESSIONAL LEGAL SERVICES | $0 | $0 | $0 | $0 |
| - DICKINSON WRIGHT PLLC | $109,748 | $0 | $0 | $109,748 |
| ENTREPRENEUR-IN-RESIDENCE - | $0 | $0 | $0 | $0 |
| -P & F HOLDINGS LLC | $260,000 | $0 | $0 | $260,000 |
| OTHER PROFESSIONAL FEES | $278,732 | $0 | $0 | $271,179 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| NEW MEXICO JUNIOR COLLEGE | |||
| 5317 LOVINGTON HIGHWAY | HOBBS | NM | 88240 |
| LEA COUNTY NEW MEXICO | |||
| 100 N MAIN STREET | HOBBBS | NM | 88240 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $10,054 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $10,054 | DisbursementsCharitablePrpsAmt |
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