College Of The Christian Brothers Of New Mexico in Santa Fe, New Mexico (NM)

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College Of The Christian Brothers Of New Mexico
Employer Identification Number (EIN)850120718
Name of OrganizationCollege Of The Christian Brothers Of New Mexico
In Care of NameThe College Of Santa Fe
Address1600 Saint Michaels Dr, Santa Fe, NM 87505-7615
ActivitiesPrivate school
SubsectionEducational Organization
Ruling Date02/1946
DeductibilityContributions are deductible
FoundationSchool
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2007
Assets$50,000,000 to greater
Income$10,000,000 to $49,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$60,454,652
Amount of Income$36,286,792
Form 990 Revenue Amount$34,139,714
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)


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Amount of income in 2007: $36,286,792
College Of The Christian Brothers Of New Mexico: 

 $36,286,792
Other organizations performing similar types of work: 

 $66,253,053

Assets in 2007: $60,454,652
This organization: 

 $60,454,652
Other organizations performing similar types of work: 

 $118,174,264

Expenses in 2006: $36,676,169
This organization: 

 $36,676,169
Other organizations performing similar types of work: 

 $52,716,293

Income to expenses ratio in 2006: 0.9
College Of The Christian Brothers Of New Mexico: 

 0.9
Other organizations performing similar types of work: 

 1.2

Expenses allocated to program services in 2006: 72.5%
College Of The Christian Brothers Of New Mexico: 

 72.5%
Other organizations performing similar types of work: 

 83.2%

Number of employees in 2006: 465
College Of The Christian Brothers Of New Mexico: 

 465
Other organizations performing similar types of work: 

 1,113

Employees paid over $50,000 in 2006: 14.4%
This organization: 

 14.4%
Other organizations performing similar types of work: 

 15.6%

Grants share in income in 2006: 16.9%
This organization: 

 16.9%
Other organizations performing similar types of work: 

 4.4%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
2000200120022003200420052006
Total revenue$23,072,828$22,481,678$24,777,076$25,586,854$23,784,731$25,381,360$34,139,714
Contributions, gifts, grants, and similar amounts received$7,241,437$6,307,928$6,227,319$8,225,412$4,284,156$5,735,424$5,780,617
Contributions to donor advised funds$0
Direct public support$4,600,463$3,423,582$3,399,627$5,208,805$1,388,787$2,999,549$2,983,168
Indirect public support$0$0$0$0$0$0$0
Government contributions (grants)$2,640,974$2,884,346$2,827,692$3,016,607$2,895,369$2,735,875$2,797,449
Program service revenue including government fees and contracts$10,605,947$11,739,243$13,659,451$13,927,344$15,210,550$19,070,210$27,205,385
Membership dues and assessments$0$0$0$0$0$0$0
Interest on savings and temporary cash investments$373,308$199,057$21,060$0$0$0$0
Dividends and interest from securities$496,701$416,369$436,087$485,233$496,470$355,080$399,015
Net rental income or (loss)$3,952,748$4,043,684$4,490,879$2,968,475$2,813,209$0$0
Gross rents$3,952,748$4,043,684$4,490,879$2,968,475$2,813,209$0$0
Less: rental expenses$0$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$402,687$-224,603$-57,720$-19,610$980,346$150,485$-30,820
Gross amount from sales of assets other than inventory$2,456,825$7,341,399$5,342,662$2,715,138$8,913,540$3,433,443$2,116,258
Less: cost or other basis and sales expenses$2,054,138$7,566,002$5,400,382$2,734,748$7,933,194$3,282,958$2,147,078
Net income or (loss) from special events and activities$0$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0$0
Other revenue$0$0$0$0$0$70,161$785,517
Total expenses$26,249,985$25,173,392$24,564,545$24,092,429$25,770,253$28,110,022$36,676,169
Program services$19,809,044$20,910,989$17,793,446$17,187,765$18,899,385$19,593,436$26,580,567
Management and general$5,968,185$3,781,603$6,270,422$6,382,385$6,061,244$7,580,717$9,207,044
Fundraising$472,756$480,800$500,677$522,279$809,624$935,869$888,558
Payments to affiliates$0$0$0$0$0$0$0
Net assets or fund balances at end of year$33,023,621$31,941,907$32,457,914$34,161,340$32,373,407$29,644,745$27,108,290
Excess or (deficit) for the year$-3,177,157$-2,691,714$212,531$1,494,425$-1,985,522$-2,728,662$-2,536,455
Net assets or fund balances at beginning of year$36,200,778$33,023,621$31,941,907$32,457,914$34,161,340$32,373,407$29,644,745
Other changes in net assets or fund balances$0$1,610,000$303,476$209,001$197,589$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$36,676,169$26,580,567$9,207,044$888,558
Grants paid from donor advised funds$0
Other grants and allocations$7,476,904
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$292,500$0$292,500$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$11,899,693$9,271,864$2,276,220$351,609
Pension plan contributions not included above$375,949$285,900$79,207$10,842
Employee benefits not included above$1,369,413$1,041,405$288,516$39,492
Payroll taxes$849,630$646,123$179,005$24,502
Professional fundraising fees$0$0$0$0
Accounting fees$61,107$0$61,107$0
Legal fees$59,916$0$59,916$0
Supplies$1,095,735$827,837$214,403$53,495
Telephone$226,217$9,566$216,040$611
Postage and shipping$217,330$151,460$36,324$29,546
Occupancy$1,816,813$590,267$1,226,546$0
Equipment rental and maintenance$416,394$143,191$238,773$34,430
Printing and publications$395,817$164,428$169,157$62,232
Travel$291,337$209,388$43,469$38,480
Conferences, conventions, and meetings$77,121$45,928$18,903$12,290
Interest$919,720$894,175$25,545$0
Depreciation, depletion, etc.$1,448,364$1,054,494$393,870$0
Other expenses not covered above$7,386,209$3,767,637$3,387,543$231,029
Balance Sheets
2000200120022003200420052006
Total assets$47,121,567$50,548,746$50,306,342$52,455,002$56,022,590$54,027,594$60,454,652
Cash - non-interest-bearing$40,260$33,147$60,347$311,294$347,059$0$671,835
Savings and temporary cash investments$4,640,420$4,262,729$874,056$375,267$1,038,870$253,148$2,299,908
Accounts receivable less allowance for doubtful accounts$1,398,366$1,376,662$1,712,240$1,630,056$1,690,231$1,566,922$1,634,115
Pledges receivable less allowance for doubtful accounts$344,010$1,437,228$1,202,740$2,016,992$1,249,351$2,440,075$1,422,986
Grants receivable$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$939,176$872,208$826,813$812,217$840,837$737,193$770,315
Inventories for sale or use$215,386$1,154,641$1,129,686$1,318,173$1,378,888$1,385,014$1,337,062
Prepaid expenses and deferred charges$0$0$282,113$263,143$326,156$0$0
Investments - publicly-traded securities$527,134
Investments - other securities$9,066,184$7,908,248$9,577,444$9,648,866$9,544,771$6,515,485$6,747,498
Investments - land, buildings, and equipment less accumulated depreciation$702,000$283,659$0$0$0$0$0
Investments - other$0$0$7,000$7,000$7,000$7,000$7,000
Land, buildings, and equipment less accumulated depreciation$29,775,765$33,220,224$34,633,903$36,071,994$39,599,427$40,818,862$43,380,317
Other assets, including program-related investments$0$0$0$0$0$303,895$1,656,482
Total liabilities$14,097,949$18,606,839$17,848,428$18,293,662$23,649,183$24,382,849$33,346,362
Accounts payable and accrued expenses$2,426,101$4,089,053$2,780,221$2,983,182$3,150,030$2,355,263$2,554,004
Grants payable$0$0$0$0$0$0$0
Deferred revenue$6,578$30,665$6,788$52,699$228,987$98,287$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0
Tax-exempt bond liabilities$11,361,768$13,345,108$13,372,347$13,028,314$17,965,031$17,590,612$25,000,000
Mortgages and other notes payable$200,000$955,000$1,434,228$2,000,000$2,000,000$3,000,000$5,000,000
Other liabilities$103,499$187,013$254,844$229,467$305,135$1,338,687$792,358
Total liabilities and net assets/fund balances$47,121,567$50,548,746$50,306,342$52,455,002$56,022,590$54,027,594$60,454,652
Total net assets or fund balances$33,023,621$31,941,907$32,457,914$34,161,340$32,373,407$29,644,745$27,108,290
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
2000200120022003200420052006
Total revenue$0$0$24,777,076$25,586,854$23,784,731$25,381,360$34,139,714
Total revenue, gains, and other support per audited financial statements$0$0$25,680,552$26,574,491$24,671,982$26,053,366$34,412,295
Other expenses$0$0$903,476$987,637$887,251$0$0
Net unrealized gains on investments$0$0$303,476$209,001$197,589$0$0
Donated services and use of facilities$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0
Other$0$0$600,000$778,636$689,662$0$0
Other revenue$0$0$0$0$0$-672,006$-272,581
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$-672,006$-272,581
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
2000200120022003200420052006
Total expenses$0$0$24,564,545$24,092,429$25,770,253$28,110,022$36,676,169
Total expenses and losses per audited financial statements$0$0$25,164,545$24,871,065$26,459,915$28,782,028$36,948,750
Other revenue$0$0$600,000$778,636$689,662$672,006$272,581
Donated services and use of facilities$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0
Other$0$0$600,000$778,636$689,662$672,006$272,581
Other expenses$0$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0$0
Other$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings23
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 2006465
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$1,046,990$505,979$26,806,128
Program service revenue
Program service revenue 1000000$000$0$22,355,873
Program service revenue 2000000$000$0$3,362,001
Program service revenue 3Fitness and recreational sports centers$650,81900$0$0
Program service revenue 4000000$000$0$440,521
Program service revenue 5Theater companies and dinner theaters$396,17100$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$399,015$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$-30,820
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$106,964$678,553
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
0000000000%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$118,182$8,722$0
$112,640$9,221$0
$112,893$8,833$0
$106,090$11,064$0
$105,000$5,131$0
Total number of other employees paid over $50,00062
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isSchool
Support Schedule
1999200020012002200320042005
Total$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
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1Franklin W Olin College Of Engineering IncOlin Way Mh314, Needham, MA 02492MA1998-09$1,397,497,296
2Swarthmore College500 College Ave, Swarthmore, PA 19081-1306PA1950-03$1,340,708,741
3Wellesley College106 Central Street, Wellesley, MA 02481-8203MA1946-04$761,881,340
4Trustees Of Grinnell College733 Broad St, Grinnell, IA 50112-2227IA1953-01$748,764,166
5Pomona College150 E Eighth St Pendleton Bldg 108, Claremont, CA 91711CA1954-12$724,971,580
6Amherst College TrusteesPO BOX 5000, Amherst, MA 01002-5000MA1933-08$694,033,920
7Vassar College124 Raymond Ave, Poughkeepsie, NY 12604-0001NY1938-04$609,836,912
8Bowdoin College3530 College Sta, Brunswick, ME 04011-8426ME1935-06$577,125,000
9Washington & Lee University, Society Of Professional Journalists Spj Campus Chapter204 West Washington Street, Lexington, VA 24450VA1923-05$528,999,583
10Wesleyan University212 College St, Middletown, CT 06459-3401CT1943-04$500,291,015
11Davidson CollegePO BOX 7162, Davidson, NC 28035-7162NC1951-01$473,284,031
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Number of organizations performing similar types of work
Alabama8
Arkansas8
California16
Connecticut5
District of Columbia2
Florida11
Georgia13
Iowa15
Idaho2
Illinois21
Indiana16
Kansas8
Kentucky10
Louisiana2
Massachusetts28
Maryland7
Maine6
Michigan14
Minnesota9
Missouri11
Mississippi5
Montana2
North Carolina18
North Dakota2
Nebraska6
New Hampshire7
New Jersey8
New Mexico4
Nevada1
New York33
Ohio26
Oklahoma3
Oregon3
Pennsylvania36
Rhode Island1
South Carolina10
South Dakota4
Tennessee12
Texas9
Virginia12
Vermont5
Washington2
Wisconsin11
West Virginia6
International2
Total440

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