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.
Public Charity
NEW MEXICO TECH FOUNDATION
NEW MEXICO TECH FOUNDATION is a nonprofit organization categorized as Public Charity based in SOCORRO, NM. Its most recent IRS filing (2025) reports revenue of $2.7M, expenses of $3.6M, total assets of $46.2M. Imperigo tracks 21 reported grant relationships connected to this organization totaling approximately $1.3M.
EIN: 850194323
SOCORRO, NM
Latest filing: 2025
Total Revenue$2.7M
Total Expenses$3.6M
Total Assets$46.2M
Grant Records21
Funding Total$1.3M
Filing Years2021–2025
Where $100 goes at New Mexico Tech Foundation
How New Mexico Tech Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$91
Programs
the work itself
$6
Management
running the organization
$3
Fundraising
raising the next dollar
Inside the $91 for programs
$89
The foundation is organized to promote and advance the interests of the new mexico institute of mining and technology
$2
Leases apartments to new mexico institute of mining and technology for its students
<$1
Provides scholarships and grants to support students attending the new mexico institute of mining and technology, as well as recruiting, advertising, and other associated activities
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$6,061
For grant recipient's exempt purposes
$101,475
WATER ACCESS AND CONSERVATION
$100,000
FOR RECIPIENT'S EXEMPT PURPOSE
$47,000
EDUCATION
$5,100
Showing up to 5 of 21 total records — full history available with membership.
Officers & Directors
SECRETARY/TREASURER
Borden Putnam Iii
TRUSTEE
Cindy Ardito
PRESIDENT
Clinton Marrs
EXECUTIVE DIRECTOR
Colleen Foster
TRUSTEE
Deborah Corey
TRUSTEE
Delilah Walsh
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $2.7M | $3.6M | $46.2M |
| 2024 | $3.4M | $3.2M | $43.9M |
| 2023 | $5.9M | $3.7M | $41.0M |
| 2022 | $2.5M | $3.2M | $38.5M |
| 2021 | $8.0M | $2.6M | $40.8M |
Between 2021 and 2025, reported annual revenue declined from $8.0M to $2.7M (-66%), with total assets most recently reported at $46.2M.
Interactive year-over-year charts and full filing details available with membership.