Nonprofits›New Mexico Rural Rehabilitation Corporation
New Mexico Rural Rehabilitation Corporation
ALBUQUERQUE, NM
Total revenue
$84K
Total expenses
$120K
Net assets
$1.8M
Grants received
—
EIN
850210244
Tax year
2024
Mission
Provide funding for development of rural areas
Programs
2 programs
Agricultural loans serviced 5 loans totalling approximately $776,000
Expenses: $78K
New mexico rural rehabilitation corporation administers a program of student loans. This program, tuition assistance program, makes loans to low income students seeking non-degree post secondary certification in various trades and occupations. Student loans as of june 2025 totaled $34,906
Expenses: $6K
Financials
FY 2024
Revenue
Contributions & grants—
Program service revenue$77K
Investment income$7K
Other revenue—
Total revenue$84K
Expenses
Grants paid—
Salaries & benefits$70K
Fundraising—
Other expenses$50K
Total expenses$120K
Total assets$1.8M
Net assets$1.8M
People
5 listed
NameRoleCompensation
DREW OLMSTEAD
EXECUTIVE DIRECTOR
Board
$60K
40 hrs/wk
GERALD MARTINEZ
DIRECTOR
Board
—
1 hrs/wk
LINDA STOVER
SECRETARY
Board
—
1 hrs/wk
RICK VOEKS
PRESIDENT
Board
—
1 hrs/wk
LOUIS DE SANTOS
VICE PRESIDENT
Board
—
1 hrs/wk
Details
EIN850210244
Subsection04
Ruling date1971-09
Formed1933
Employees1
Volunteers4