Red Mountain Family Services Inc
- Assets
- $1.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 31
- Location
- Albuquerque, NM
- Founding
- 12/2004
- Data as of
- 12/2023
- EIN
- 20-1456513
Organization Overview
Red Mountain Family Services Inc is located in Albuquerque, NM. The organization was established in 2004. According to its NTEE Classification (P32) the organization is classified as: Foster Care, under the broad grouping of Human Services and related organizations. As of 12/2023, Red Mountain Family Services Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Mountain Family Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Red Mountain Family Services Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. While expenses have increased by 4.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RED MOUNTAIN FAMILY SERVICES IS COMMITTED TO PROVIDE AN OUTSTANDING FOSTER CARE SERVICE FOR ITS CLIENTS. THE GOALS OF THE ORGANIZATION ARE TO MAINTAIN A SMALL CLIENTELE TO BETTER MEET THE NEEDS OF THE CHILDREN AND MAKE A POSITIVE AND SIZEABLE DIFFERENCE IN THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RED MOUNTAIN FAMILY SERVICES IS COMMITTED TO PROVIDE AN OUTSTANDING FOSTER CARE SERVICE FOR ITS CLIENTS. THE GOALS OF THE ORGANIZATION ARE TO MAINTAIN A SMALL CLIENTELE TO BETTER MEET THE NEEDS OF THE CHILDREN AND MAKE A POSITIVE AND SIZEABLE DIFFERENCE IN THEIR LIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Clark Thompson Executive Dir. | Officer | 55 | $279,000 |
Jeff Thompson CFO | Officer | 40 | $195,000 |
Dana Kent Wilson Board Member | Trustee | 2 | $0 |
Daniel Montoya Board Member | Trustee | 2 | $0 |
Dominic Serna President | Trustee | 2 | $0 |
Christine Chambers Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $433 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $433 |
| Total Program Service Revenue | $3,742,758 |
| Investment income | $2,247 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,745,519 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $735 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $474,000 |
| Compensation of current officers, directors, key employees. | $142,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $838,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,960 |
| Payroll taxes | $90,015 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46 |
| Fees for services: Accounting | $94,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $213,814 |
| Advertising and promotion | $1,350 |
| Office expenses | $120,213 |
| Information technology | $1,143 |
| Royalties | $0 |
| Occupancy | $218,081 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $55,499 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,348 |
| Insurance | $82,335 |
| All other expenses | $35,546 |
| Total functional expenses | $3,620,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $842,532 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,332 |
| Loans from Officers, Directors, or Controlling Persons | $325,939 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $473 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,657 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,274,933 |
| Accounts payable and accrued expenses | -$30,906 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $158,516 |
| Total liabilities | $127,610 |
| Net assets without donor restrictions | $1,147,323 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,274,933 |