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New Mexico Educational Assistance Foundation

New Mexico Educational Assistance Foundation

Albuquerque, NM
Tax ID85-0291313

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Amount

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About this organization

Revenue

$23,353,051

Expenses

$24,923,849

Website

nmeaf.org

Mission

Promote the public welfare and prosperity of the people of New Mexico by stimulating the availability of financial assistance for post-secondary education so as to give greater higher education opportunity.

About

Student loan programs: originate, purchase and service student loans. Program service expense amounts include cost of interest on debt issued to fund loans. The number of outstanding loans on 06-30-18 was 86,518.

Interesting data from their 2019 990 filing

The filing sets forth the mission of the non-profit as “Promote the public welfare and prosperity of the people of new mexico by stimulating the availability of financial assistance for post-secondary education so as to give greater higher education opportunity.”.

When detailing its responsibilities, they were listed as: “Promote the public welfare and prosperity of the people of new mexico by stimulating the availability of financial assistance for post-secondary education so as to give greater higher education opportunity.”.

  • The state in which the non-profit is legally permitted to operate is NM.
  • The number of employees reported by the non-profit on their form as of 2019 is 101.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Provides credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$1,570,798.
  • The CEO compensation structure within the organization is based on a review and approval from a neutral party.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 5 independent voting members.
  • The organization was formed in 1981.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization engages in lobbying activities.
  • The organization pays $6,735,906 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.