Public Charity

NEW MEXICO MILITARY INSTITUTE FOUNDATION INC

Based in Roswell, NM, NEW MEXICO MILITARY INSTITUTE FOUNDATION INC operates as a Public Charity. The organization reported $5.2M in revenue, $3.1M in expenses, $93.5M in total assets for fiscal year 2025. Imperigo tracks 26 reported grant relationships connected to this organization totaling approximately $1.2M.

EIN: 856010718 Roswell, NM Educational Services NTEE: B90 Latest filing: 2025
Total Revenue$5.2M
Total Expenses$3.1M
Total Assets$93.5M
Grant Records26
Funding Total$1.2M
Filing Years2021–2025

Mission

The mission of the New Mexico Military Institute Foundation, Inc. (Foundation) is to create, maintain and administer an endowment fund for the benefit of New Mexico Military Institute (NMMI) to be used for research, scientific and literary purposes; for increasing the building, equipment and other facilities of NMMI; to provide for scholarships; and to promote generally the growth, welfare, and maintenance of NMMI.

Where $100 goes at New Mexico Military Institute Foundation Inc

How New Mexico Military Institute Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$86 Programs the work itself
$14 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 $86 for programs

$38
The NMMI Foundation maintains about 180 endowed scholarship funds and over 20 annual donor scholarship funds for the benefit of NMMI cadets
44% of program spending · Reported in the filing: 308 scholarships; 350 scholarships
$30
Other program services support was used for NMMI athletic programs, cadet activities, institutional advancement, faculty and staff programs, recruiting and admissions programs, alumni relations support and other NMMI…
34% of program spending
$10
The NMMI Foundation maintains approximately 20 endowments whereby earnings are used to fund NMMI Leadership Reaction Course programs, Low/High Ropes Course facilities, leadership salaries and benefits and general…
12% of program spending

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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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.

Officers & Directors

Ex Officio Member Bg Voris W Mcburnette Nmmi Supt
NMMI Regent Member Christina Maria Montoya
Member Claire E Chase
Member Dr Earl A Tres Latimer Iii
Secretary Dr Jesus R Ramos Garza
Treasurer Frank Spencer Iii

Officer compensation and complete director data available with membership.

Top Grant Purposes

Education
$935,514 16 grants
General Support
$158,298 5 grants
Health & Medicine
$40,000 1 grant
Unspecified
$115,749 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $5.2M $3.1M $93.5M
2024 $4.4M $2.9M $86.0M
2023 $8.4M $2.7M $78.7M
2021 $2.7M $2.3M $81.5M

Between 2021 and 2025, reported annual revenue grew from $2.7M to $5.2M (+92%), with total assets most recently reported at $93.5M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NEW MEXICO MILITARY INSTITUTE FOUNDATION INC

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