Mission
PROMOTE THE PUBLIC WELFARE AND PROSPERITY OF THE PEOPLE OF NEW MEXICO BY STIMULATING THE AVAILABILITY OF FINANCIAL ASSISTANCE FOR POST-SECONDARY EDUCATION SO AS TO GIVE GREATER HIGHER EDUCATION OPPORTUNITY.
Public Charity
NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION
NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION is a Public Charity headquartered in ALBUQUERQUE, NM. Financial data from the 2025 filing: $13.9M revenue, $11.4M expenses, $203.2M total assets. 1 publicly reported grants to this organization, totaling roughly $213K, appear in IRS filings.
EIN: 850291313
ALBUQUERQUE, NM
Scholarships & Student Financial Aid
NTEE: B82
Latest filing: 2025
Total Revenue$13.9M
Total Expenses$11.4M
Total Assets$203.2M
Grant Records1
Funding Total$213K
Filing Years2021–2025
Where $100 goes at New Mexico Educational Assistance Foundation
How New Mexico Educational Assistance Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$72
Programs
the work itself
$28
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $72 for programs
$46
Student loan programs
$17
Student loan programs
$5
Fafsa completion
Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.
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
FAFSA STUDENT SUPPORT
$212,690
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
CHAIR
Alex Heubeck
PRESIDENT & CEO
Brad Allpass
CONTROLLER
Deena Pierce
ASST VICE PRESIDENT INFO TECH
Estevan Martinez
VICE PRESIDENT ADMIN SERVICE
Grace Tackman
VICE CHAIR
Kevin Powers
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $13.9M | $11.4M | $203.2M |
| 2024 | $17.6M | $12.6M | $243.4M |
| 2023 | $18.7M | $13.5M | $288.4M |
| 2022 | $12.3M | $14.9M | $349.1M |
| 2021 | $14.0M | $14.7M | $354.4M |
Between 2021 and 2025, reported annual revenue held roughly steady at around $13.9M, with total assets most recently reported at $203.2M.
Interactive year-over-year charts and full filing details available with membership.