New Mexico Community Capital

Organization Overview

New Mexico Community Capital is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Mexico Community Capital employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Community Capital 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 12/2021, New Mexico Community Capital generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE SOCIAL WELFARE, ALLEVIATE POVERTY AND LESSEN THE BURDENS OF GOVERNMENT THROUGH FINANCIAL ASSISTANCE, EQUITY INVESTMENTS, LOANS, AND OTHER AID DESIGNED TO IMPROVE THE ECONOMIC WELL BEING OF NEW MEXICO RESIDENTS PARTICULARLY FOR LOW-INCOME INDIVIDUALS IN ECONOMICALLY UNDERSERVED AREAS OF NEW MEXICO.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL BUSINESS BASICS (KELLOGG) - OUR FBB PROGRAM IS DESIGNED TO BUILD A SOLID FOUNDATION TO FORM AND GROW BUSINESS IDEAS WITH A PERSONAL FINANCIAL PLAN FOR SUCCESS. PARTICIPANTS LEARN TOOLS TO EFFECTIVELY CONCEPTUALIZE, PLAN AND IMPLEMENT THEIR FINANCIAL GOALS AND BUSINESS IDEAS THROUGH HANDS-ON LEARNING EXPERIENCES WITH A COMMUNITY OF PEERS AND MENTORS.THIS PROGRAM IS FINANCED THROUGH GRANTS AND CONTRIBUTIONS.


BUSINESS AND MARKETING ESSENTIALS (BME) EQUALITY CAN'T WAIT (ECW) - BUSINESS SERVICES - PROVIDING MANAGEMENT RESOURCES TO QUALIFYING BUSINESS, PARTICULARLY IN UNDER-INVESTED AREAS.


USDA - THE GOALS OF THE NATIVE AGRIBUSINESS AND FOOD SECURITY INITIATIVE (NAFSI) ARE TO SUPPORT AT LEAST 25 NATIVE FARMERS IN WESTERN PUEBLO COMMUNITIES DEVELOP AND GROW THEIR FARM BUSINESSES TO AGGREGATE FOR 10 NEW WHOLESALE MARKETS, AND TO DEVELOP 12 NEW FOOD ACCESS POINTS THAT SERVE TRIBAL COMMUNITY MEMBERS. ACCESS POINTS WILL BE PROVIDED THROUGH MOGRO'S HEALTHY FOOD DELIVERY PROGRAM AT NATIVE COMMUNITY HEALTH AND WELLNESS CENTERS, AS WELL AS THROUGH FARM STANDS AND MARKETS. NAFSI WILL INCREASE LOCAL FOOD SALES BY 50% (TO $127,500 ANNUALLY) BY THE END OF THE PROJECT AND PROVIDE 24 TRAININGS TO NATIVE FARMERS WITH FSMA-COMPLIANT CURRICULA AND BUSINESS TECHNICAL SERVICES.THIS PROGRAM IS FINANCED THROUGH GRANTS AND CONTRIBUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Liz Gamboa
Executive Director
$109,863
J Michael Schafer
Fund Managing Director
$91,660
Thad Porch
CFO
$29,666
Kip Ritchie
Chair
$0
Stuart Rose
Treasurer
$0
M Gayle Watson
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Alicia Ortega
Grant Required Services
$155,076
Roanhorse Consulting Llc
Grant Required Consulting Services
$153,520
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $963,717
All other contributions, gifts, grants, and similar amounts not included above$1,682,809
Noncash contributions included in lines 1a–1f $24,873
Total Revenue from Contributions, Gifts, Grants & Similar$2,646,526
Total Program Service Revenue$173,386
Investment income $4,380
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 $12,123
Miscellaneous Revenue$0
Total Revenue $2,840,640

Grants Awarded

Over the last fiscal year, New Mexico Community Capital has awarded $848,709 in support to 3 organizations.

Grant RecipientAmount

NATIVE WOMEN LEAD

PURPOSE: ECW SUBGRANT - WAS TO BUILD/MANAGE A FUND FOR NATIVE WOMEN ENTREPREUERS, CREATE CURRICULM FOR A FUND MANAGER FELLOWSHIP PROGRAM, HOST WEEKLY VIRTUAL SUMMITS.OVERALL PURPOSE OF KELLOGG SUBGRANT:1) INCREASE THE ECONOMIC OPPORTUNITY AND WELL-BEING FOR NATIVE ENTREPRENEURS IN NEW MEXICO.2) LEVERAGE AND INITIATE SYSTEMS OF CHANGE THROUGH POLICY ADVOCACY (NOT LOBBYING), INFORMED RESEARCH, AND COALITION AND MOVEMENT BUILDING WORK.3) INCREASE BUSINESS CAPITAL TO NATIVE ENTREPRENEURS BY PROVIDING AND EXPANDING RELATIONSHIP-BASED LENDING.4) INCREASED CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH CLOUD-BASED TECHNOLOGY TRAINING, A NATIVE AMERICAN ONLINE MARKETPLACE, COMMUNITY-LED CONVENINGS, AND BUSINESS INCUBATION TAILORED TO THE NEEDS OFNATIVE ENTREPRENEURS.

$459,243

CHANGE LABS

PURPOSE: KELLOGG SUBGRANT :1) INCREASE THE ECONOMIC OPPORTUNITY AND WELL-BEING FOR NATIVE ENTREPRENEURS IN NEW MEXICO.2) LEVERAGE AND INITIATE SYSTEMS OF CHANGE THROUGH POLICY ADVOCACY (NOT LOBBYING), INFORMED RESEARCH, AND COALITION AND MOVEMENT BUILDING WORK.3) INCREASE BUSINESS CAPITAL TO NATIVE ENTREPRENEURS BY PROVIDING AND EXPANDING RELATIONSHIP-BASED LENDING.4) INCREASED CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH CLOUD-BASED TECHNOLOGY TRAINING, A NATIVE AMERICAN ONLINE MARKETPLACE, COMMUNITY-LED CONVENINGS, AND BUSINESS INCUBATION TAILORED TO THE NEEDS OFNATIVE ENTREPRENEURS.

$194,733

NATIVE COMMUNITY CAPITAL

Org PageRecipient Profile

Laguna, NM

PURPOSE: KELLOGG SUBGRANT:1) INCREASE THE ECONOMIC OPPORTUNITY AND WELL-BEING FOR NATIVE ENTREPRENEURS IN NEW MEXICO.2) LEVERAGE AND INITIATE SYSTEMS OF CHANGE THROUGH POLICY ADVOCACY (NOT LOBBYING), INFORMED RESEARCH, AND COALITION AND MOVEMENT BUILDING WORK.3) INCREASE BUSINESS CAPITAL TO NATIVE ENTREPRENEURS BY PROVIDING AND EXPANDING RELATIONSHIP-BASED LENDING.4) INCREASED CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH CLOUD-BASED TECHNOLOGY TRAINING, A NATIVE AMERICAN ONLINE MARKETPLACE, COMMUNITY-LED CONVENINGS, AND BUSINESS INCUBATION TAILORED TO THE NEEDS OFNATIVE ENTREPRENEURS.

$194,733
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that New Mexico Community Capital has recieved totaling $329,968.

Awarding OrganizationAmount
Novo Foundation

Kingston, NY

PURPOSE: GENERAL SUPPORT

$90,000
United States Energy Foundation

San Francisco, CA

PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE.

$50,000
The Schmidt Family Foundation

Palo Alto, CA

PURPOSE: FOSTERING YOUTH DEVELOPMENT AND LEADERSHIP

$40,000
Zebras Unite

Portland, OR

PURPOSE: To further organizations mission

$40,000
Princeton Area Community Foundation Inc

Lawrenceville, NJ

PURPOSE: Support for the charitable activities for Native W

$33,333
Vilcap Inc

Houston, TX

PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING.

$30,000
View Grant Recipient Profile

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