Nonprofit · EIN 85-0170157
NEW MEXICO STATE UNIVERSITY FOUNDATION INC
Tax-exempt · LAS CRUCES, NM 88003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,722,856 | $26,298,054 | $30,424,802 | $468,504,588 | $106,547,304 | $361,957,284 |
| June 30, 2024 | 990 | $41,094,361 | $29,765,615 | $11,328,746 | $423,070,189 | $95,091,897 | $327,978,292 |
| June 30, 2023 | 990 | $19,013,620 | $24,293,707 | -$5,280,087 | $384,382,069 | $84,046,335 | $300,335,734 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $17,628,566
- Program service revenue
- $4,987,846
- Investment income
- $24,599,247
- Royalties
- $7,585
- Net rental income
- $375,284
- Net gain from sales of assets
- $13,020,555
- Net income from fundraising events
- $145,679
- Other revenue
- $9,507,197
Expenses
- Grants and similar amounts paid
- $13,625,894
- Compensation of officers, directors and key employees
- $1,479,698
- Other salaries and wages
- $6,948,372
- Salaries, compensation and benefits (total)
- $8,428,070
- Professional fundraising fees
- $0
- Legal fees
- $77,885
- Accounting fees
- $48,381
- Travel
- $278,410
- Depreciation
- $43,611
- Program services (functional)
- $16,834,041
- Management and general (functional)
- $3,766,730
- Fundraising (functional)
- $5,697,283
Balance sheet and other
- Total assets, start of year
- $423,070,189
- Total assets, end of year
- $468,504,588
- Total liabilities, end of year
- $106,547,304
- Net assets, end of year
- $361,957,284
- Land, buildings and equipment
- $4,438,534
- Publicly traded securities
- $70,351,095
- Net assets without donor restrictions
- $120,102,413
- Net assets with donor restrictions
- $241,854,871
- Gross receipts
- $206,000,999
- Employees
- 116
- Volunteers
- 35
- Year formed
- 1959
- 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 | Other / benefits |
|---|---|---|---|---|
| Sylvia Acosta | Chief Executive Officer Officer | 40 | $477,822 | $101,273 |
| David Strong | Former Chief Financial Officer Former | 40 | $317,311 | $68,857 |
| Susan Sorenson-Clark | Director of Talent and Culture Key employee | 40 | $241,409 | $55,767 |
| James Covington | Executive Director - Estates and Planned Giving Highest-paid employee | 40 | $207,653 | $45,121 |
| Stacey MacDonnell | AVP Advancement Services Key employee | 40 | $183,853 | $47,865 |
| JESSICA PaRKS | Director of Gift Administration Key employee | 40 | $163,335 | $52,369 |
| Debra Marks | AVP Philanthropy Key employee | 40 | $165,249 | $23,864 |
| ALASDAIR FORSYTHE | Controller Highest-paid employee | 40 | $146,452 | $39,918 |
| MARIA McDonagh | Director of Communications Highest-paid employee | 40 | $147,369 | $31,826 |
| Brien Murphy | Sr. Director of Foundation Relations Highest-paid employee | 40 | $132,663 | $41,534 |
| David Neal | Sr. Director of Philanthropy Highest-paid employee | 40 | $136,918 | $32,247 |
| AMY HUMMER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTIAN H HENDRICKSON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| DR JUDY JOHNSON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LOUIS A VEGA | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
32 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARGARET HARDIN | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| ABEL COVARRUBIAS | DIRECTOR Trustee or director | 1 | $0 |
| BOB DINTELMAN | DIRECTOR Trustee or director | 1 | $0 |
| Brenda Porter | DIRECTOR Trustee or director | 1 | $0 |
| CAROL SMALLWOOD | DIRECTOR Trustee or director | 1 | $0 |
| CHRISTOPHER DULANY | DIRECTOR Trustee or director | 1 | $0 |
| DEANZA VALENCIA | DIRECTOR Trustee or director | 1 | $0 |
| DEL ESPARZA | DIRECTOR Trustee or director | 1 | $0 |
| Dino Camunez | DIRECTOR Trustee or director | 1 | $0 |
| Dr MICHAEL LAW | DIRECTOR Trustee or director | 1 | $0 |
| DR SUE GERBER | DIRECTOR Trustee or director | 1 | $0 |
| Eric POWELL | DIRECTOR Trustee or director | 1 | $0 |
| FRANK SEIDEL | DIRECTOR Trustee or director | 1 | $0 |
| Jack Davis | DIRECTOR Trustee or director | 1 | $0 |
| JAGDEV CHEEMA | DIRECTOR (END 6/30/2025) Trustee or director | 1 | $0 |
| JIM RHODES | DIRECTOR Trustee or director | 1 | $0 |
| Joe Salopek | DIRECTOR Trustee or director | 1 | $0 |
| JOEL GRANGER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN CORDOVA | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN CONROY | DIRECTOR Trustee or director | 1 | $0 |
| KYLE RHODES | DIRECTOR Trustee or director | 1 | $0 |
| MANNY MORA | DIRECTOR Trustee or director | 1 | $0 |
| MARC REYES | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL PACKARD | DIRECTOR Trustee or director | 1 | $0 |
| NICOLE LOUVAR | DIRECTOR Trustee or director | 1 | $0 |
| Orlando Castaneda | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT MARTINEZ | DIRECTOR Trustee or director | 1 | $0 |
| ROSS MCCALLISTER | DIRECTOR Trustee or director | 1 | $0 |
| SUE DINTELMAN | DIRECTOR Trustee or director | 1 | $0 |
| SUSAN PLANTZ | DIRECTOR Trustee or director | 1 | $0 |
| THOM PRICE | DIRECTOR Trustee or director | 1 | $0 |
| Larry Mirabal | CFO (BEGIN 1/28/2025) Officer | 40 | $0 |
990 for the year ended June 30, 2024: 42 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Strong | Chief Financial Officer (until 6/14/2024 Officer | 40 | $343,955 | $92,690 |
| Virginia Schlemeyer | VP for External Relations (until 9/15/2023) Key employee | 40 | $204,914 | $24,664 |
| James Covington | Executive Director - Estates and Planned Giving Highest-paid employee | 40 | $170,837 | $49,869 |
| Derek Dictson | Former President Former | 40 | $172,299 | $40,658 |
| Stacey MacDonnell | AVP Advancement Services Key employee | 40 | $173,848 | $38,545 |
| Susan Sorenson-Clark | Director of Talent and Culture Highest-paid employee | 40 | $142,964 | $57,910 |
| Matthew Burns | Chief of Staff Highest-paid employee | 40 | $153,707 | $42,154 |
| John Gresham | IT Director Highest-paid employee | 40 | $130,496 | $46,970 |
| Maria Mcdonagh | Director of Communications Highest-paid employee | 40 | $139,770 | $37,618 |
| Sylvia Acosta | Chief Executive Officer (Begin 10/2/2023) Officer | 40 | $90,827 | $23,460 |
| AARON DE LOS SANTOS | TREASURER (UNTIL 4/2024) Trustee or director, Officer | 2 | $0 | $0 |
| AMY HUMMER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTIAN H HENDRICKSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ERIC POWELL | DIRECTOR / TREASURER (begin 4/2024) Trustee or director, Officer | 1 | $0 | $0 |
| KYLE LOUVAR | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS A VEGA | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| ABEL COVARRUBIAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BOB DINTELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL SMALLWOOD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER DULANY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEANZA VALENCIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEL ESPARZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR JUDY JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR SUE GERBER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| FRANK SEIDEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAGDEV CHEEMA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM RHODES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOEL GRANGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN CORDOVA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN CONROY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE RHODES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MANNY MORA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC REYES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARGARET HARDIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL LAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL PACKARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NICOLE LOUVAR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MARTINEZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROSS MCCALLISTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUE DINTELMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN PLANTZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| THOM PRICE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 41 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Derek Dictson | President Key employee | 40 | $404,563 | $80,197 |
| Virginia Schlemeyer | VP for External Relations Key employee | 40 | $305,733 | $50,987 |
| Kristin Ludwig | Chief Operating Officer Key employee | 40 | $251,449 | $45,316 |
| Keith Emrick | VP for Development Key employee | 40 | $191,914 | $33,194 |
| James Covington | Executive Director - Estates and Planned Giving Highest-paid employee | 40 | $149,169 | $27,054 |
| Brien Murphy | Senior Director - Corporate and Foundation Relations Highest-paid employee | 40 | $104,520 | $32,945 |
| AARON DE LOS SANTOS | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| AMY HUMMER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTIAN H HENDRICKSON | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LOUIS A VEGA | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| RAQUEL BONE | SECRETARY UNTIL 12/31/2022 Trustee or director, Officer | 2 | $0 | $0 |
| ABEL COVARRUBIAS | MEMBER FROM 1/1/2023 Trustee or director | 1 | $0 | $0 |
| ANTONIA ROYBAL-MACK | MEMBER UNTIL 12/31/2022 Trustee or director | 1 | $0 | $0 |
| BOB DINTELMAN | MEMBER Trustee or director | 1 | $0 | $0 |
| BOBBY LUTZ | MEMBER UNTIL 12/31/2022 Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER DULANY | MEMBER Trustee or director | 1 | $0 | $0 |
| DEANZA VALENCIA | MEMBER Trustee or director | 1 | $0 | $0 |
| DEL ESPARZA | MEMBER FROM 1/1/2023 Trustee or director | 1 | $0 | $0 |
| DR JUDY JOHNSON | MEMBER Trustee or director | 1 | $0 | $0 |
| DR SUE GERBER | MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC POWELL | MEMBER Trustee or director | 1 | $0 | $0 |
| FRANK SEIDEL | MEMBER Trustee or director | 1 | $0 | $0 |
| HAROLD FOREMAN | MEMBER UNTIL 3/25/2023 Trustee or director | 1 | $0 | $0 |
| JAGDEV CHEEMA | MEMBER Trustee or director | 1 | $0 | $0 |
| JIM RHODES | MEMBER Trustee or director | 1 | $0 | $0 |
| JOEL GRANGER | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN CORDOVA | MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN CONROY | MEMBER FROM 1/1/2023 Trustee or director | 1 | $0 | $0 |
| KEVIN JAMESON | MEMBER UNTIL 12/31/2022 Trustee or director | 1 | $0 | $0 |
| KYLE LOUVAR | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 |
| KYLE RHODES | MEMBER Trustee or director | 1 | $0 | $0 |
| MANNY MORA | MEMBER Trustee or director | 1 | $0 | $0 |
| MARC REYES | MEMBER FROM 1/1/2023 Trustee or director | 1 | $0 | $0 |
| MARGARET HARDIN | MEMBER FROM 1/1/2023 Trustee or director | 1 | $0 | $0 |
| MICHAEL PACKARD | MEMBER FROM 1/1/2023 Trustee or director | 1 | $0 | $0 |
| NICOLE LOUVAR | MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT MARTINEZ | MEMBER Trustee or director | 1 | $0 | $0 |
| ROSS MCCALLISTER | MEMBER Trustee or director | 1 | $0 | $0 |
| SUE DINTELMAN | MEMBER Trustee or director | 1 | $0 | $0 |
| SUSAN PLANTZ | MEMBER Trustee or director | 1 | $0 | $0 |
| THOM PRICE | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3590, LAS CRUCES, NM 88003-3590
- In care of
- % JOSEPH MCINTYRE
- Principal officer (990 for 2024)
- Dr Sylvia Acosta, PO Box 3590, Las Cruces, NM 880033590
- Signed the 990
- Sylvia Acosta, Chief Executive Officer
- Phone
- (575) 646-1613
- Website
- alwaysanaggie.org
- Return prepared by
- CROWE LLP
Mission
THE MISSION OF NEW MEXICO STATE UNIVERSITY FOUNDATION IS TO FOSTER LONG-TERM RELATIONSHIPS WITH OUR ALUMNI, SUPPORTERS, AND COMMUNITY IN ORDER TO SECURE, MANAGE, STEWARD, AND PROTECT A SUSTAINABLE SOURCE OF PRIVATE RESOURCES THAT WILL ENHANCE THE ABILITY OF NEW MEXICO STATE UNIVERSITY TO FULFILL ITS LAND GRANT MISSION.
Program accomplishments
- In FY25, New Mexico State University Foundation advanced its mission to support academic excellence, research innovation, and student success across the NMSU system. Through the generosity of donors and strategic stewardship of resources, the Foundation raised and managed funds that directly enriched the educational experience for thousands of students and bolstered the university's land-grant mission to serve the diverse communities of New Mexico. This year, the Foundation facilitated over $4.35 million in scholarship support, alleviating financial barriers for more than 2,850 students and ensuring access to higher education for many first-generation and underrepresented learners. In collaboration with campus partners, we supported faculty research, expanded experiential learning opportunities, and funded capital improvements to enhance campus facilities - including laboratories, student support centers, and cultural hubs. The Foundation also launched initiatives to deepen alumni engagement and community partnerships, hosting events and campaigns that celebrated Aggie pride and inspired lifelong investment in NMSU's future. Our donor relations efforts maintained a high standard of transparency and accountability, helping to sustain long-term philanthropic relationships critical to the university's growth and resilience. Through these efforts, the NMSU Foundation continues to serve as a vital engine for transforming lives and empowering the next generation of leaders in New Mexico and beyond.Expenses $16,834,041 · grants $13,625,894 · revenue $4,987,846
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
- 85-0170157
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1960
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $468,504,588
- Income (IRS master file)
- $206,000,999
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $56,722,856 | $26,298,054 | $468,504,588 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $41,094,361 | $29,765,615 | $423,070,189 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $19,013,620 | $24,293,707 | $384,382,069 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $93,998,424 | $18,907,940 | $352,538,517 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 85-0170157).
Questions about NEW MEXICO STATE UNIVERSITY FOUNDATION INC
- What is the EIN of NEW MEXICO STATE UNIVERSITY FOUNDATION INC?
- The employer identification number (EIN) of NEW MEXICO STATE UNIVERSITY FOUNDATION INC is 85-0170157.
- Is NEW MEXICO STATE UNIVERSITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1960.
- Are donations to NEW MEXICO STATE UNIVERSITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW MEXICO STATE UNIVERSITY FOUNDATION INC 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 STATE UNIVERSITY FOUNDATION INC 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 STATE UNIVERSITY FOUNDATION INC 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 STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Dr Sylvia Acosta.
- Who are the officers and directors of NEW MEXICO STATE UNIVERSITY FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 47 people; 11 received compensation from the organization, the highest $477,822 (Sylvia Acosta, Chief Executive Officer).
- How much revenue does NEW MEXICO STATE UNIVERSITY FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,722,856, expenses of $26,298,054 and total assets of $468,504,588 at year end.
Other nonprofits in LAS CRUCES
- PETRI DISH FOUNDATION EIN 99-0659381 · last filed 990-PF for 2025
- LIGHTHOUSE ACADEMY INC EIN 46-3268203 · last filed 990 for 2024
- AGGIE DEVELOPMENT INC EIN 47-1934286 · last filed 990 for 2025
- LAS CRUCES ACADEMY INC EIN 06-1816372 · last filed 990 for 2025
- EXPLORE ACADEMY LAS CRUCES FOUNDATION EIN 86-3981282 · last filed 990 for 2023
- COLLEGE HEIGHTS KINDERGARTEN INC EIN 85-0371187 · last filed 990 for 2024
- SOUTHWEST INSTITUTE FOR TRANSFORMATIONAL COMMUNITY SCHOOLS EIN 92-2844873 · last filed 990 for 2025
- IN CHRIST ALONE EL PASO CHRISTIAN SCHOOL EIN 81-1279137 · last filed 990 for 2024