Nonprofit · EIN 82-3580514
NEW MEXICO BIOSCIENCE AUTHORITY
Tax-exempt · ALBUQUERQUE, NM 87131
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $341,200 | $376,910 | -$35,710 | $277,191 | $376,910 | -$99,719 |
| June 30, 2024 | 990 | $516,500 | $357,656 | $158,844 | $312,901 | $357,656 | -$44,755 |
| June 30, 2023 | 990 | $297,400 | $400,321 | -$102,921 | $229,058 | $400,321 | -$171,263 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $341,200
- of which government grants
- $341,200
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $200,711
- Salaries, compensation and benefits (total)
- $277,580
- Professional fundraising fees
- $0
- Legal fees
- $40,000
- Occupancy
- $3,230
- Travel
- $6,516
- Program services (functional)
- $51,032
- Management and general (functional)
- $325,878
Balance sheet and other
- Total assets, start of year
- $312,901
- Total assets, end of year
- $277,191
- Total liabilities, end of year
- $376,910
- Net assets, end of year
- -$99,719
- Net assets without donor restrictions
- -$99,719
- Gross receipts
- $341,200
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Laur | Chair Trustee or director | 3 | $0 |
| David Perkins | President Officer | 1 | $0 |
| Tanner Schaub | Vice Chair Trustee or director | 1 | $0 |
| Christos Christodoulou | Vice President Officer | 1 | $0 |
| Francisco Pallares | Secretary Officer | 1 | $0 |
| Greg Byrnes | Director Trustee or director | 1 | $0 |
| Dana Catron | Director Trustee or director | 1 | $0 |
| Dale Dekker | Director Trustee or director | 1 | $0 |
| Alex Koglin | Director Trustee or director | 1 | $0 |
| Lisa Kuuttila | Director Trustee or director | 1 | $0 |
| Nora Sackett | Director Trustee or director | 1 | $0 |
| Prisca Tiasse | Director Trustee or director | 1 | $0 |
| Tom Kieft | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dale Dekker | Chair Trustee or director | 3 | $0 |
| Tanner Schaub | Vice Chair Trustee or director | 1 | $0 |
| Christos Christodoulou | Vice President Officer | 1 | $0 |
| Francisco Pallares | Secretary Officer | 1 | $0 |
| David Perkins | President Officer | 1 | $0 |
| Greg Byrnes | Director Trustee or director | 1 | $0 |
| Dana Catron | Director Trustee or director | 1 | $0 |
| Paul Laur | Director Trustee or director | 1 | $0 |
| Alex Koglin | Director Trustee or director | 1 | $0 |
| Nora Sackett | Director Trustee or director | 1 | $0 |
| Tom Kieft | Director Trustee or director | 1 | $0 |
| Prisca Tiasse | Director Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dale Dekker | Chair Trustee or director | 3 | $0 |
| Tanner Schaub | Vice Chair Trustee or director | 1 | $0 |
| David Perkins | President Officer | 1 | $0 |
| Christos Christodoulou | Vice President Officer | 1 | $0 |
| Francisco Pallares | Secretary Officer | 1 | $0 |
| Greg Byrnes | Director Trustee or director | 1 | $0 |
| Paul Laur | Director Trustee or director | 1 | $0 |
| Nora Sackett | Director Trustee or director | 1 | $0 |
| Tom Kieft | Director Trustee or director | 1 | $0 |
| Prisca Tiasse | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 UNIV OF NM MSC 08 4560 HSSB 305, ALBUQUERQUE, NM 87131-0001
- In care of
- % MICHELE PARRA
- Principal officer (990 for 2024)
- David Perkins MD PhD, 1 University of New Mexico, MSC08-45, Albuquerque, NM 871310001
- Signed the 990
- David Perkins, President
- Phone
- (505) 272-7441
Mission
The mission of the NM Bioscience Authority is to increase awareness and support for New Mexico's bioscience sector by attracting capital investors, influencing policy and assisting in infrastructure and business development. The NM Bioscience Authority connects all necessary elements of Research & Development, Technology Transfer, Investment and Funding, and Workforce Development.
Program accomplishments
- The mission of the NM Bioscience Authority is to increase the amount of Bioscience industry in the state. Much of this work is done through a number of programs including our Community Readiness Program and Co-Investment Program. Both of these programs were conducted during tax year 2024, but no specific funding was needed to explicitly fund the activities which is why these accomplishments are not included on 4a-4c of this year's form 990. Activities related to the Community Readiness Program and the Co-Investment Program were accomplished as a result of NM Bioscience Authority staff activity that was reflective in their salaries.
- The Rural NM Biotech Ecosystem program continues to be directly paid for by the Small Business Administration Growth Accelerator Fund Competition prizes. Work done by this program included collaborative meetings with the ecosystem and the development of the NM Bioscience Connect ecomap which can be found at www.nmbioscienceconnect.com. These collaborative meetings included workshops educating users about how to work with tech transfer offices more easily, steps on how to build biotech companies, and networking opportunities between the state's biotech entrepreneurs. The ecomap is an online platform that allows easy, equitable access to the state's resources, organizations, and opportunities. In addition, this program hired two interns that have helped update the ecomap, especially the workforce development tab, and work on marketing the platform to all users. Finally, this program contracted with the local Angels investment group, NM Angels, to help better connect companies within the rural communities to the Rural NM Biotech Ecosystem.Expenses $33,835
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3580514
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $277,191
- Income (IRS master file)
- $341,200
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $341,200 | $376,910 | $277,191 | XML |
| 990 | June 2024 | $516,500 | $357,656 | $312,901 | XML |
| 990 | June 2023 | $297,400 | $400,321 | $229,058 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | $368,000 | $232,996 | $230,436 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3580514).
Questions about NEW MEXICO BIOSCIENCE AUTHORITY
- What is the EIN of NEW MEXICO BIOSCIENCE AUTHORITY?
- The employer identification number (EIN) of NEW MEXICO BIOSCIENCE AUTHORITY is 82-3580514.
- Is NEW MEXICO BIOSCIENCE AUTHORITY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to NEW MEXICO BIOSCIENCE AUTHORITY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW MEXICO BIOSCIENCE AUTHORITY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW MEXICO BIOSCIENCE AUTHORITY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MEXICO BIOSCIENCE AUTHORITY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NEW MEXICO BIOSCIENCE AUTHORITY?
- The 990 for the year ended June 30, 2025 names David Perkins MD PhD.
- Who are the officers and directors of NEW MEXICO BIOSCIENCE AUTHORITY?
- The 990 for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does NEW MEXICO BIOSCIENCE AUTHORITY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $341,200, expenses of $376,910 and total assets of $277,191 at year end.
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All nonprofits in ALBUQUERQUE · New Mexico · Community improvement and capacity building