New Mexico · Nonprofit
NEW MEXICO MILITARY INSTITUTE FOUNDATION INC
NEW MEXICO MILITARY INSTITUTE FOUNDATION INC (New Mexico) receives grants from 15 organizations whose IRS filings report $3,044,954 to it, the largest being DESTWOLINSKI FAMILY FOUNDATION ($933,484). 9 of them have funded it in more than one year.
- Revenue FY2025
- $5.2M
- Funders on record
- 15
- Grants received
- $3.0M
- Net assets
- $92M
What New Mexico Military Institute Foundation Inc does
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.
As stated on its FY2025 Form 990.
Programs
The NMMI Foundation maintains about 180 endowed scholarship funds and over 20 annual donor scholarship funds for the benefit of NMMI cadets. Earnings from the endowments and annual donations are paid directly to NMMI to provide scholarships to NMMI cadets at the high school and junior college level. The scholarships have varying criteria specified by the donors; for example scholarships may include merit-based and/or need-based requirements. NMMI has established a Scholarship Committee that facilitates the fair and impartial granting of all scholarships in accordance with NMMI policies and procedures and donor stipulations. NMMI estimates that nearly 98% of cadets in the junior college program receive some form of financial assistance, which includes scholarship funding. Nearly 85% of the high school cadets receive some scholarship assistance. NMMI's maximum capacity is about 1,000 cadets. 308 cadets received scholarships from Foundation provided funds in the 2024-2025 school year. It is estimated that 350 cadets will receive scholarships during the 2025-2026 school year.
$1,199,338 spentof which $1,199,338 as grants44% of program spendingThe 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.
$328,367 spentof which $328,367 as grants12% of program spendingThe 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.
$263,248 spentof which $263,248 as grants10% of program spendingOther 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.
$935,335 spentof which $935,335 as grants34% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,726,288.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $81M to $72M (−11%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
31% of NEW MEXICO MILITARY INSTITUTE FOUNDATION INC’s revenue is contributions — about as donation-reliant as the typical peer (48% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Jimmy Barnes
President & CEO
Board chair
Kenneth Barbe Jr
Chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 8 funders, grant income rose $148k → $286k.
7 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NEW MEXICO MILITARY INSTITUTE FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
NEW MEXICO MILITARY INSTITUTE FOUNDATION INC leans on a few funders — its largest provides 31% of grant income and the top three 79%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
Largest funder’s share by year: 2017 81% · 2018 74% · 2019 76% · 2020 49% · 2021 51% · 2022 42% · 2023 35% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
57% of NEW MEXICO MILITARY INSTITUTE FOUNDATION INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NEW MEXICO MILITARY INSTITUTE FOUNDATION INC draws 95% of its grant income from funders outside New Mexico, across 7 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $480k arriving through sponsors registered in 7 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
NEW MEXICO MILITARY INSTITUTE FOUNDATION INC runs a healthier operating margin than three-quarters of the 9,398 education nonprofits its size.
this organization peer median middle 50% of peers· 9,398 education nonprofits $1M–$10M, FY2025
Government funding NEW MEXICO MILITARY INSTITUTE FOUNDATION INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $41k on record.
- Department of Defense$41k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NEW MEXICO MILITARY INSTITUTE FOUNDATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New Mexico
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
87% of spending goes to programs.
Governance
Public support
37%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 13 states
Part of a family of 1 related entity
- Charitable Remainder Unitrust (2) · corp_trust
Screen this organization
A dated, signed PDF of the compliance screen for NEW MEXICO MILITARY INSTITUTE FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds NEW MEXICO MILITARY INSTITUTE FOUNDATION INC?
- NEW MEXICO MILITARY INSTITUTE FOUNDATION INC (New Mexico) receives grants from 15 organizations whose IRS filings report $3,044,954 to it, the largest being DESTWOLINSKI FAMILY FOUNDATION ($933,484). 9 of them have funded it in more than one year.
- How many funders does NEW MEXICO MILITARY INSTITUTE FOUNDATION INC have?
- IRS filings report 15 organizations giving $3,044,954 in grants to NEW MEXICO MILITARY INSTITUTE FOUNDATION INC, 9 of which have funded it in more than one year.
- Who is the largest funder of NEW MEXICO MILITARY INSTITUTE FOUNDATION INC?
- DESTWOLINSKI FAMILY FOUNDATION is the largest funder on record, with $933,484 in grants. The full list of funders is on this page.
- How can an organization like NEW MEXICO MILITARY INSTITUTE FOUNDATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New Mexico. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing