STRATEGY STUDIO / NONPROFIT PEOPLE SEARCH

NEW MEXICO ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
NEW MEXICO ECONOMIC DEVELOPMENT CORPORATION (EIN 20-0100129)
Tax period
2011-07-01 to 2012-06-30
Filed
2013-05-10
IRS object ID
201331309349303043
Schema version
2011v1.5
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2013-05-10T16:40:27-05:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

FieldValueIRS element (for citing)
EIN850211867EIN

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ATKINSON & CO LTDBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 25246AddressLine1
CityALBUQUERQUECity
StateNMState
ZIP Code87125ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN200100129EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1NEW MEXICO ECONOMIC DEVELOPMENT CORPBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNEWMNameControl
Phone5052478500Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line11720 LOUISIANA BLVD NE 312AddressLine1
CityALBUQUERQUECity
StateNMState
ZIP Code87110ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameSTEVEN VIERCKName
TitleCEOTitle
Phone5052478500Phone
Date Signed2013-05-08DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameDOUGLAS D COX CPAName
PTINP01220556PTIN
Phone5058436492Phone
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeXAddressChange
Name Of Principal Officer PersonSTEVEN VIERCKNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line11720 LOUISIANA BLVD NE 312AddressLine1
CityALBUQUERQUECity
StateNMState
ZIP Code87110ZIPCode
FieldValueIRS element (for citing)
Gross Receipts605178GrossReceipts
Group Return For Affiliates0GroupReturnForAffiliates
Organization501cXOrganization501c
Web SiteWWW.NMPARTNERSHIP.COMWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Year Formation2003YearFormation
State Legal DomicileNMStateLegalDomicile
Activity Or Mission DescriptionPROMOTE AND BETTER THE COMMON ECONOMIC INTEREST OF THE STATE OF NEW MEXICO AND ITS CITIZENS THROUGH ECONOMIC DEVELOPMENT MARKETING AND BUSINESS DEVELOPMENT PROGRAMS.ActivityOrMissionDescription
Nbr Voting Members Governing Body14NbrVotingMembersGoverningBody
Nbr Independent Voting Members13NbrIndependentVotingMembers
Total Nbr Employees8TotalNbrEmployees
Total Nbr Volunteers0TotalNbrVolunteers
Total Gross UBI0TotalGrossUBI
Net Unrelated Business Txbl Income0NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year1203778ContributionsGrantsPriorYear
Contributions Grants Current Year603000ContributionsGrantsCurrentYear
Program Service Revenue Prior Year0ProgramServiceRevenuePriorYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year1309InvestmentIncomePriorYear
Investment Income Current Year-1426InvestmentIncomeCurrentYear
Other Revenue Prior Year0OtherRevenuePriorYear
Other Revenue Current Year0OtherRevenueCurrentYear
Total Revenue Prior Year1205087TotalRevenuePriorYear
Total Revenue Current Year601574TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year0GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY0GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year0BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Prior Year412686SalariesEtcPriorYear
Salaries Etc Current Year344521SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year0TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year722988OtherExpensePriorYear
Other Expenses Current Year342222OtherExpensesCurrentYear
Total Expenses Prior Year1135674TotalExpensesPriorYear
Total Expenses Current Year686743TotalExpensesCurrentYear
Revenues Less Expenses Prior Year69413RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-85169RevenuesLessExpensesCY
Total Assets BOY523407TotalAssetsBOY
Total Assets EOY439193TotalAssetsEOY
Total Liabilities BOY98258TotalLiabilitiesBOY
Total Liabilities EOY99213TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY425149NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY339980NetAssetsOrFundBalancesEOY
Mission DescriptionORGANIZATION'S PRIMARY MISSION IS TO RECUIT NEW BUSINESSES TO NEW MEXICO.MissionDescription
Significant New Program Services0SignificantNewProgramServices
Significant Change0SignificantChange
Expense605516Expense
Grants600000Grants
Revenue3000Revenue
DescriptionPROMOTE AND BETTER THE COMMON ECONOMIC INTEREST OF THE STATE OF NEW MEXICO AND ITS CITIZENS. PROVIDES SERVICES TO RECRUIT BUSINESS TO NEW MEXICO THAT INCLUDE: SITE SELECTION ASSISTANCE, LABOR MARKET ANALYSIS, JOB TRAINING ASSISTANCE, CUSTOM RESEARCH, BUILDING INFORMATION, ACCESS TO REGULATORY AUTHORITIES, EMPLOYEE RECRUITMENT ASSISTANCE AND COORDINATION OF STATE AND LOCAL ECONOMIC DEVELOPMENT PROFESSIONALS.Description
Total Program Service Expense605516TotalProgramServiceExpense
Described In501 C30DescribedIn501C3
Schedule B Required1ScheduleBRequired
Political Activities0PoliticalActivities
Subject To Proxy Tax0SubjectToProxyTax
Donor Advised Funds0DonorAdvisedFunds
Conservation Easements0ConservationEasements
Collections Of Art0CollectionsOfArt
Credit Counseling0CreditCounseling
Term Or Permanent Endowments0TermOrPermanentEndowments
Report Land Bldg Equip1ReportLandBldgEquip
Report Invest Oth Securities0ReportInvestOthSecurities
Report Prog Rel Invest0ReportProgRelInvest
Report Other Assets0ReportOtherAssets
Report Other Liabilities0ReportOtherLiabilities
Report Fin48 Footnote1ReportFin48Footnote
Independent Audit Financial Stmt1IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt0ConsolidatedAuditFinancialStmt
School0School
Foreign Office0ForeignOffice
Foreign Activities0ForeignActivities
More Than5000 K To Organizations0MoreThan5000KToOrganizations
More Than5000 K To Individuals0MoreThan5000KToIndividuals
Professional Fundraising0ProfessionalFundraising
Fundraising Activities0FundraisingActivities
Gaming0Gaming
Hospital0Hospital
Grants To Organizations0GrantsToOrganizations
Grants To Individuals0GrantsToIndividuals
Schedule J Required0ScheduleJRequired
Tax Exempt Bonds0TaxExemptBonds
Loan To Officer Or DQP0LoanToOfficerOrDQP
Grant To Related Person0GrantToRelatedPerson
Bsnss Rltnshp With Organization0BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member0BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp0OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions0DeductibleNonCashContributions
Deductible Contributions Of Art0DeductibleContributionsOfArt
Terminated0Terminated
Partial Liquidation0PartialLiquidation
Disregarded Entity0DisregardedEntity
Related Entity0RelatedEntity
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction Related Entity0TransactionRelatedEntity
Activities Conducted Partnership0ActivitiesConductedPartnership
Schedule O Required1ScheduleORequired
Number Forms Transmitted With10963NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup Witholding1ComplianceWithBackupWitholding
Number Of Employees8NumberOfEmployees
Employment Tax Returns Filed1EmploymentTaxReturnsFiled
Unrelated Business Income0UnrelatedBusinessIncome
Foreign Financial Account0ForeignFinancialAccount
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
Taxable Party Notification0TaxablePartyNotification
Non Deductible Contributions0NonDeductibleContributions
Indoor Tanning Services0IndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members14NbrVotingGoverningBodyMembers
Number Independent Voting Members13NumberIndependentVotingMembers
Family Or Business Relationship0FamilyOrBusinessRelationship
Delegation Of Management Duties0DelegationOfManagementDuties
Changes To Organizing Docs0ChangesToOrganizingDocs
Material Diversion Or Misuse0MaterialDiversionOrMisuse
Members Or Stockholders0MembersOrStockholders
Election Of Board Members0ElectionOfBoardMembers
Decisions Subject To Approval0DecisionsSubjectToApproval
Minutes Of Governing Body1MinutesOfGoverningBody
Minutes Of Committees1MinutesOfCommittees
Officer Mailing Address0OfficerMailingAddress
Local Chapters0LocalChapters
Form990 Provided To Governing Body1Form990ProvidedToGoverningBody
Conflict Of Interest Policy1ConflictOfInterestPolicy
Annual Disclosure Covered Persons0AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement0RegularMonitoringEnforcement
Whistleblower Policy0WhistleblowerPolicy
Document Retention Policy0DocumentRetentionPolicy
Compensation Process CEO1CompensationProcessCEO
Compensation Process Other1CompensationProcessOther
Investment In Joint Venture0InvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1REBECCA TRUJILLOBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number5052478500TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line11720 LOUISIANA BLVD NE 312AddressLine1
CityALBUQUERQUECity
StateNMState
ZIP Code87110ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (14 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
SEAN ORMAND
VICE CHAIRMAN2.00XX000
GARY TONJES
SECRETARY1.00XX000
CHASE GENTRY
TREASURER2.00XX000
JOE DI GREGORIO
BOARD MEMBER0.50X000
MATTHEW SPRIGGS
BOARD MEMBER0.50X000
DON POWER
BOARD MEMBER0.50X000
LISA DUNAGAN
BOARD MEMBER0.50X000
CHUCK HAMILTON
BOARD MEMBER0.50X000
LISA HARDISON
BOARD MEMBER0.50X000
JOEL CARSON
BOARD MEMBER0.50X000
DAVIN LOPEZ
BOARD MEMBER0.50X000
THOMAS HUTCHINSON
BOARD MEMBER0.50X000
JON BARELA
BOARD MEMBER0.50X000
STEVE VIERCK
PRESIDENT & CEO40.00XX109083015129
FieldValueIRS element (for citing)
Total Reportable Comp From Org109083TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs0TotalReportableCompFrmRltdOrgs
Total Other Compensation15129TotalOtherCompensation
Number Individuals GT100 K1NumberIndividualsGT100K
Formers Listed0FormersListed
Total Comp GT150 K0TotalCompGT150K
Compensation From Other Sources0CompensationFromOtherSources
Number Of Contractors GT100 K0NumberOfContractorsGT100K
Government Grants600000GovernmentGrants
All Other Contributions3000AllOtherContributions
Total Contributions603000TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1160TotalRevenueColumn
Exclusion$1,160ExclusionAmount

Gross Amount Sales Assets GrossAmountSalesAssets

FieldValueIRS element (for citing)
Other1018Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

FieldValueIRS element (for citing)
Other3604Other

Gain Or Loss GainOrLoss

FieldValueIRS element (for citing)
Other-2586Other

Net Gain Or Loss Investments NetGainOrLossInvestments

FieldValueIRS element (for citing)
Total Revenue Column-2586TotalRevenueColumn
Exclusion-$2,586ExclusionAmount

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column601574TotalRevenueColumn
Related Or Exempt Function Income0RelatedOrExemptFunctionIncome
Unrelated Business Revenue0UnrelatedBusinessRevenue
Exclusion-$1,426ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

FieldValueIRS element (for citing)
Total124212Total
Program Services124212ProgramServices

Other Salaries And Wages OtherSalariesAndWages

FieldValueIRS element (for citing)
Total160242Total
Program Services126108ProgramServices
Management And General34134ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

FieldValueIRS element (for citing)
Total33725Total
Program Services29678ProgramServices
Management And General4047ManagementAndGeneral

Payroll Taxes PayrollTaxes

FieldValueIRS element (for citing)
Total26342Total
Program Services23181ProgramServices
Management And General3161ManagementAndGeneral

Fees For Services Other FeesForServicesOther

FieldValueIRS element (for citing)
Total151580Total
Program Services133390ProgramServices
Management And General18190ManagementAndGeneral

Office Expenses OfficeExpenses

FieldValueIRS element (for citing)
Total11924Total
Program Services10493ProgramServices
Management And General1431ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total11375Total
Program Services10010ProgramServices
Management And General1365ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total19753Total
Program Services17383ProgramServices
Management And General2370ManagementAndGeneral

Interest Interest

FieldValueIRS element (for citing)
Total209Total
Program Services184ProgramServices
Management And General25ManagementAndGeneral

Depreciation Depletion DepreciationDepletion

FieldValueIRS element (for citing)
Total16982Total
Program Services14944ProgramServices
Management And General2038ManagementAndGeneral

Insurance Insurance

FieldValueIRS element (for citing)
Total6093Total
Program Services5362ProgramServices
Management And General731ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalProgram ServicesProgramServicesManagement And GeneralManagementAndGeneral
TRADE SHOWS & PROMOTION76821676029219
FORFEITURES & PENALTIES27920279200
TELEPHONE22285196112674
DUES & SUBSCRIPTIONS912180261095

All Other Expenses AllOtherExpenses

FieldValueIRS element (for citing)
Total-11841Total
Program Services-12588ProgramServices
Management And General747ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total686743Total
Program Services605516ProgramServices
Management And General81227ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY361762BOY
EOY356132EOY

Accounts Receivable AccountsReceivable

FieldValueIRS element (for citing)
BOY83443BOY
EOY51000EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

FieldValueIRS element (for citing)
BOY26901BOY
EOY19303EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis80533LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec68425LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY31301BOY
EOY12108EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY20000BOY
EOY650EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY523407BOY
EOY439193EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY50641BOY
EOY51596EOY

Deferred Revenue DeferredRevenue

FieldValueIRS element (for citing)
BOY47617BOY
EOY47617EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY98258BOY
EOY99213EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY425149BOY
EOY339980EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY425149BOY
EOY339980EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY523407BOY
EOY439193EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-85169ReconcilationRevenueExpenses
Reconcilation Other Changes0ReconcilationOtherChanges
Info In Schedule O Part XIIXInfoInScheduleOPartXII
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or Review1AccountantCompileOrReview
FS Audited1FSAudited
Audit Committee1AuditCommittee
Financial Statement SeparateXFinancialStatementSeparate
Federal Grant Audit Required0FederalGrantAuditRequired

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

Equipment Equipment

FieldValueIRS element (for citing)
Other Cost Or Other Basis58889OtherCostOrOtherBasis
Depreciation50326Depreciation
Book Value8563BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis21644OtherCostOrOtherBasis
Depreciation18099Depreciation
Book Value3545BookValue
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings12108TotalOfBookValueLandBuildings
Total Revenue601574TotalRevenue
Total Expenses686743TotalExpenses
Excess Or Deficit For Year-85169ExcessOrDeficitForYear
Excess Or Deficit Per FS-85169ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt601574TotRevenueEtcAuditedFinclStmt
Revenue Not Rptd F9900RevenueNotRptdF990
Revenue Subtotal601574RevenueSubtotal
Revenue Not Rptd On Fin Stmt0RevenueNotRptdOnFinStmt
Total Revenue Per Form990601574TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt686743TotExpensesEtcAuditedFinclStmt
Expenses Not Rptd F9900ExpensesNotRptdF990
Expenses Subtotal686743ExpensesSubtotal
Expenses Not Rptd On Fin Stmt0ExpensesNotRptdOnFinStmt
Total Expenses Per Form990686743TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV

FieldValueIRS element (for citing)
IdentifierDESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:Identifier
Return ReferencePART X:ReturnReference
ExplanationMANAGEMENT BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION, MEASUREMENT, OR DISCLOSURE.Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Return ReferenceReturnReferenceExplanationExplanationIdentifierIdentifier
FORM 990, PART VI, SECTION B, LINE 11THE 990 IS PROVIDED TO THE BOARD BEFORE FILING OF RETURN.
FORM 990, PART VI, SECTION B, LINE 12BEFORE BUSINESS DECISIONS ARE MADE THE BOARD OF DIRECTORS DETERMINES WHETHER OR NOT THERE IS A CONFILCT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15THE PRESIDENT AND CEO SALARIES ARE DETERMINED BY BOARD OF DIRECTORS. ALL OTHER EMPLOYEES SALARIES ARE DETERMINED BY THE PRESIDENT AND CEO.
FORM 990, PART VI, SECTION C, LINE 19ALL PUBLIC DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 2(C)AUDIT OVERSIGHT HAS NOT CHANGED FROM PRIOR YEAR.AUDIT OVERSIGHT