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The vast majority of private and public universities and colleges are tax-exempt entities as defined by Internal Revenue Code (IRC) Section 501(c)(3) because of their educational purposes purposes that the Federal government has long recognized as fundamental to fostering the productive and civic capacities of
Is UNM tax exempt?
The University of New Mexico is tax-exempt for federal income tax purposes, as an instrumentality of the State of New Mexico under Internal Revenue Code (IRC) Section 115.
What is the tax ID for UNM?
UNMs Employer Identification Number (EIN) is 85-6000642.
Are schools tax-exempt in New Mexico?
The state imposes a governmental gross receipts tax of 5.00% on the receipts of New Mexico state and local governments. The exceptions are the gross receipts of public school districts and entities licensed by the Department of Health that are principally engaged in providing health care.
Is UNM a nonprofit?
In order to develop private financial support for the University of New Mexico, the Universitys Board of Regents established the UNM Foundation Inc. in 1979 as an incorporated nonprofit corporation.
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University of New Mexico. The University of New Mexico (UNM; Spanish: Universidad de Nuevo Mxico) is a public research university in Albuquerque, New Mexico, United States.
Who is tax-exempt in New Mexico?
New Mexico considers you a tax-exempt organization if the federal government has first granted the status to you under Section 501(c) of the Internal Revenue Code with a classification as an educational or social entity. Your gross receipts may be exempt from gross receipts tax under Section 7-9-29 NMSA 1978.
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Institutional Facts - Office of Sponsored Projects
Institutional Facts ; Legal Name: The University of New Mexico ; DBA: The Regents of the University of New Mexico ; Federal ID: 85-6000-642 ; State Gross Receipts
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