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Central New Mexico Community College Foundation Inc

EIN 85-0338623 · Albuquerque, NM

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair69 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CNM FOUNDATION IS COMMITTED TO THE PRINCIPLE THAT NO CENTRAL NEW MEXICO COMMUNITY COLLEGE STUDENT SHOULD BE DENIED THE OPPORTUNITY FOR AN EDUCATION OR VOCATIONAL TRAINING DUE SOLELY TO A LACK OF FINANCIAL RESOURCES. THE CNM FOUNDATION WORKS TO HELP CNM MEET ITS MISSION TO CREATE EDUCATIONAL OPPORTUNITIES AND COMMUNITY PARTNERSHIPS WHILE PURSUING A LEVEL OF COMMUNITY COLLEGE EXCELLENCE THAT IS WORTHY OF LOCAL AND NATIONAL RECOGNITION.

Income
$2.8 million
Spending
$1.8 million
Spent on programs
86%
Reserves
0.7 months of spending
Largest source of income
donations and private grants, 78%
Employees
0
Volunteers
27
Highest pay
$401,091, member/cnm president

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 69 out of 100.

  • Reserves

    4 of 35

    Spendable reserves would cover 0.7 months of spending.

  • Debt

    20 of 20

    It owes 7% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 36% of income.

  • Income trend

    15 of 15

    Income rose 16% on the year before.

  • Spending floor

    15 of 15

    86% of spending went to programs and raising each dollar of donations cost 6 cents.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100.

  • Independent board

    25 of 25

    27 of 31 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.6 million spent. CENTRAL NEW MEXICO COMMNUITY COLLEGE (CNM) IS THE LARGEST POST-SECONDARY INSTITUTION IN THE STATE OF NEW MEXICO, EDUCATING SOME 33,376 INDIVIDUALS IN 2025. THE CNM FOUNDATION IS THE FUNDRAISING AND ADVOCACY GROUP PROMOTING CNM AND ITS PROGRAMS WITHIN THE COMMUNITY. THE FOUNDATION'S MISSION IS TO PROVIDE THE EXTRA FINANCIAL ASSISTANCE NECESSARY FOR THE RESIDENTS OF CNM'S SERVICE AREA TO OBTAIN THE QUALITY EDUCATIONAL OPPORTUNITIES THEY DESERVE. THE CNM FOUNDATION PROVIDES SCHOLARSHIPS TO SUPPORT THE STUDENTS AT CNM, ASSISTING STUDENTS WITH TUITION, FEES, BOOKS, AND BASIC LIFE EXPENSES TO ENSURE THEIR SUCCESS.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 1986.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.