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New Mexico Educational Assistance Foundation

Public charityFed auditsIRS 990
DBA: % TRACY ROWE
Other · ALBUQUERQUE, NM · EIN 85-0291313

About

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.

In care of Tracy ROWE

Donations are tax-deductible
Category
Other
Employees
65
Volunteers
5

Financial Snapshot

FY ending 2023-06-30
Revenue
$18.7M
Expenses
$13.5M
Assets
$288.4M
Liabilities
$182.3M

Financial history

$25.1M$12.6M$0
17181920212223
RevenueExpenses
Latest FY2023: $18.7M · Peak FY2019: $24.9M · Avg: $20.2M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
—
Lobbying
$11K
Grants Given
—
NEW MEXICO EDUCATIONAL ASSISTANCE FOUNDATION
Your actions

Address

7400 Tiburon ST NE
Albuquerque, NM, 87109-591

Governance

Voting board members5
Independent members5
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.