Education
New Mexico Military Institute Foundation Inc
ROSWELL, NM
Total revenue
$5.2M
Total expenses
$3.1M
Net assets
$92.2M
Grants received
$1.6M
23 grants
EIN
856010718
Tax year
2024
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.
Programs
3 programs
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 Leadership projects and activities. The Daniels Leadership Center (DLC) serves the entire Corps of Cadets each year through use of state of the art technologies, classrooms and course facilities. Programs and services are provided to internal and external constituencies and include the Low/High Ropes Course and the Leadership Reaction Course which provide leadership challenges and growth to both cadets and professionals. These facilities help build self confidence, trust and teamwork in challenges that teach, test and reinforce sound leadership practices. These facilities are used throughout the entire school year.
The NMMI Foundation maintains more than ten endowments and several annual funds whereby earnings and annual donations are used to provide support for NMMI academic programs. Expenditures for these programs include support for faculty stipends, classroom equipment, information technology equipment and software, band equipment, library subscriptions, supplies and other related academic programs and projects.
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 programs.
Financials
FY 2024
Revenue
Expenses
People
14 listed
Jimmy Barnes
President & CEO
$127K
40 hrs/wk
Jesus Salazar
Immediate Past Chairman
—
2 hrs/wk
Kenneth Barbe Jr
Chairman
—
5 hrs/wk
Dr Jesus R Ramos Garza
Secretary
—
2 hrs/wk
Kim Greaves
Vice Chairman
—
2 hrs/wk
Kevin O Butler
Member
—
1 hrs/wk
Thomas E Jennings
NMMI Regent Member
—
1 hrs/wk
Christina Maria Montoya
NMMI Regent Member
—
1 hrs/wk
BG Voris W McBurnette NMMI Supt
Ex Officio Member
—
1 hrs/wk
Claire E Chase
Member
—
1 hrs/wk
Dr Earl A Tres Latimer III
Member
—
1 hrs/wk
Gregory D Sampson
NMMI Regent Appointment
—
1 hrs/wk
George M Yates
Member
—
1 hrs/wk
Frank Spencer III
Treasurer
—
2 hrs/wk
Grants received
Showing 23 of 23
Funded by
$1.6M from 10 funders · 23 grants · 2017–2024
$700K · 3 grants · 2023–2024
$556K · 7 grants · 2017–2023
$191K · 5 grants · 2019–2024
$80K · 2 grants · 2022–2023
$31K · 1 grant · 2019
$25K · 1 grant · 2024
$10K · 1 grant · 2021
$8K · 1 grant · 2023