Nonprofit · EIN 85-0291314
NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION
Tax-exempt · ALBUQUERQUE, NM 87199
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,244,896 | $3,258,392 | -$2,013,496 | $13,187,789 | $571,812 | $12,615,977 |
| September 30, 2024 | 990 | $1,565,945 | $2,195,329 | -$629,384 | $14,819,035 | $1,042,090 | $13,776,945 |
| September 30, 2023 | 990 | $5,481,016 | $5,055,415 | $425,601 | $15,216,077 | $1,025,920 | $14,190,157 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $952,370
- Investment income
- $292,526
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $273,942
- Other salaries and wages
- $427,365
- Salaries, compensation and benefits (total)
- $897,446
- Professional fundraising fees
- $0
- Accounting fees
- $48,330
- Occupancy
- $43,710
- Travel
- $27,975
- Depreciation
- $323,397
- Program services (functional)
- $538,054
- Management and general (functional)
- $2,720,338
Balance sheet and other
- Total assets, start of year
- $14,819,035
- Total assets, end of year
- $13,187,789
- Total liabilities, end of year
- $571,812
- Net assets, end of year
- $12,615,977
- Net assets without donor restrictions
- $12,615,977
- Gross unrelated business income
- $30,139
- Gross receipts
- $1,244,896
- Employees
- 4
- Year formed
- 1981
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRAD ALLPASS | PRESIDENT Officer | 10 | $0 | $210,718 | $19,251 |
| GRACE TACKMAN | VP OF HUMAN RESOURCES Officer | 10 | $0 | $144,790 | $32,766 |
| REGINALD STORMENT | LEGAL COUNSEL Highest-paid employee | 10 | $0 | $148,237 | $26,768 |
| ESTEVAN MARTINEZ | VP OF IT Officer | 10 | $0 | $142,246 | $18,792 |
| TRACY ROWE | CFO & VP OF FINANCE Officer | 10 | $0 | $118,968 | $24,740 |
| BROCK DARNELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALEXANDER HEUBECK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| VAL ALONZO | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| RYAN TROSPER | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRAD ALLPASS | PRESIDENT Officer | 10 | $0 | $208,476 | $23,482 |
| REGINALD STORMENT | LEGAL COUNSEL Highest-paid employee | 10 | $0 | $163,605 | $28,017 |
| GRACE TACKMAN | ASST VP OF HUMAN RESOURCES Officer | 10 | $0 | $146,684 | $32,923 |
| ESTEVAN MARTINEZ | ASST VP OF IT Officer | 10 | $0 | $141,390 | $18,873 |
| TRACY ROWE | TREASURER Officer | 10 | $0 | $116,423 | $24,444 |
| RYAN TROSPER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VAL ALONZO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALEXANDER HEUBECK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ROBERT GABALDON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BROCK DARNELL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRAD ALLPASS | PRESIDENT Officer | 10 | $0 | $196,484 | $23,010 |
| REGINALD STORMENT | LEGAL COUNSEL Highest-paid employee | 10 | $0 | $157,164 | $27,697 |
| GRACE TACKMAN | ASST VP OF HUMAN RESOURCES Officer | 10 | $0 | $137,707 | $32,575 |
| ESTEVAN MARTINEZ | ASST VP OF IT Officer | 10 | $0 | $128,221 | $18,063 |
| TRACY ROWE | TREASURER Officer | 10 | $0 | $103,894 | $23,888 |
| DAN SALZWEDEL | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| RYAN TROSPER | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GAVON GILLETTE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ROBERT GABALDON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| VAL ALONZO | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| SARAH DION KIDD-JOHNSON | DIRECTORCHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 92230, ALBUQUERQUE, NM 87199-2230
- In care of
- % TRACY ROWE
- Principal officer (990 for 2024)
- BRAD ALLPASS, PO BOX 92230, ALBUQUERQUE, NM 871992230
- Signed the 990
- TRACY ROWE, CFO & VP OF FINANCE
- Phone
- (505) 761-2065
- Website
- WWW.NMSLGC.ORG
- Return prepared by
- Jaramillo Accounting Group LLC
Mission
NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION IS AN ORGANIZATION PROVIDING QUALITY FINANCIAL SERVICES & CULTIVATING STRONG PROFESSIONAL RELATIONSHIPS TO ENCOURAGE & ASSIST IN THE PURSUIT OF HIGHER EDUCATION, THUS ENHANCING THE QUALITY OF LIFE & FUTURE SUCCESS OF OUR STAKEHOLDERS.
Program accomplishments
- THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICIPATION IN THE FFELP PROGRAM THE GUARANTEE CORPORATION IS REQUIRED TO COLLECT ON DEFAULTED LOANS.Expenses $319,731 · revenue $105,536
- STUDENT LOAN PROGRAMS: UNDER THE FEDERAL FAMILY EDUCATIONAL LOAN PROGRAM (FFELP) GUARANTOR PAYS LENDER CLAIMS ON DEFAULTED LOANS.Expenses $218,323
- THE GUARANTEE CORPORATION RECEIVES REGULATORY FEES FOR PARTICIPATION IN THE FFELP PROGRAM.revenue $846,834
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 85-0291314
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $13,187,789
- Income (IRS master file)
- $1,244,896
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,244,896 | $3,258,392 | $13,187,789 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $1,565,945 | $2,195,329 | $14,819,035 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $5,481,016 | $5,055,415 | $15,216,077 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $8,869,305 | $6,949,884 | $13,741,914 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 85-0291314).
Questions about NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION
- What is the EIN of NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION?
- The employer identification number (EIN) of NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION is 85-0291314.
- Is NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION 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 STUDENT LOAN GUARANTEE CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION?
- The 990 for the year ended September 30, 2025 names BRAD ALLPASS.
- Who are the officers and directors of NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION?
- The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does NEW MEXICO STUDENT LOAN GUARANTEE CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,244,896, expenses of $3,258,392 and total assets of $13,187,789 at year end.
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