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 12/2023, New Mexico Community Capital employed 7 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 12/2023, New Mexico Community Capital generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $3.7m during the year ending 12/2023. While expenses have increased by 16.2% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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

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


INDIGENOUS ECONOMIC WELLBEING ALLIANCE (KELLOGG #2) - WE ARE AN EMERGING ALLIANCE OF NATIVE-OWNED AND NATIVE LED ORGANIZATIONS LEVERAGING OUR COLLECTIVE INGENUITY, NETWORKS, CAPITAL, AND RESOURCES TO SUPPORT INDIGENOUS ENTREPRENEURS.


NATIVE FARMERS IN RESIDENCE (NATIVE AMERICAN AGRICULTURE FUND/ERME) THE NATIVE FARMERS IN RESIDENCE (NFIR) PROGRAM PROVIDES A CULTURALLY APPROPRIATE, SUPPORTIVE PLACE FOR NATIVE AMERICAN FARMERS TO GAIN CONFIDENCE, GROW, AND BECOME SUCCESSFUL.THIS PROGRAM IS FINANCED THROUGH GRANTS AND CONTRIBUTIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Richard Schneider
Chair (through March 2024)
$0
Gayle Watson
Vice Chair
$0
Dave Castillo
Secretary
$0
Sean Mccabe
Treasurer
$0
Loni Bernally-Holyan
Director
$0
Martha King
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Roanhorse Consulting Llc
Manager Of Programs
$243,241
Semilla Strategies Llc
Manager Of Programs
$133,167
Clare Zurawski Mba Llc
Grant Specialist And Managerial Advisor
$103,815
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $69,928
All other contributions, gifts, grants, and similar amounts not included above$3,642,711
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,712,639
Total Program Service Revenue$218,277
Investment income $228,785
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 $3,207
Miscellaneous Revenue$0
Total Revenue $4,164,763

Grants Awarded

Over the last fiscal year, New Mexico Community Capital has awarded $491,950 in support to 2 organizations.

Grant RecipientAmount

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

$96,767

NATIVE COMMUNITY CAPITAL

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

$395,183
View Grant Profile

Peer Organizations

Organization NameAssets
Rural Enterprises Of Oklahoma Inc
Durant, OK
$6,534,518
Central Oklahoma Economic Development District
Shawnee, OK
$5,906,012
New Mexico Community Capital
Albuquerque, NM
$4,164,763
Southern Arizona Land Trust Inc
Tucson, AZ
$2,569,672
Centro Por La Justicia
San Antonio, TX
$1,435,252
Urban Partnerships Community Development Corporation
Pearland, TX
$1,230,897
Texas Rural Funders
Austin, TX
$511,710
Rebuild Superior Inc
Superior, AZ
$535,868
North East Texas Economic Development District Inc
Texarkana, TX
$615,945
Texas Rural Communities Inc
Buda, TX
$421,076
Northwest Douglas County Economic Development Corporation
Highlands Ranch, CO
$547,688
Southwest Tribal Fisheries Commission Inc
Ignacio, CO
$301,956
Taos County Economic Development Corporation
Taos, NM
$309,481
Center For Community Transformation Inc
Wewoka, OK
$0
West End Economic Development Corporation
Naturita, CO
$225,426
Logan County Economic Development Corporation
Sterling, CO
$320,715
Epicenter
Greenriver, UT
$436,734
Downtown Development Corp Of Tucson Az
Tucson, AZ
$43,405
Association Of Rural Communities In Texas
Austin, TX
$200,503
Lifestream Charities Inc
Carrollton, TX
$0
Linden Economic Development Corporation
Linden, TX
$139,145
Linden Section 4b Economic Development Corporation
Linden, TX
$137,235
Coupland Water Supply Corporation
Coupland, TX
$154,818
Mora County Economic Development Corporation
Mora, NM
$0
Ateiku Christian Ministry
Abilene, TX
$425,970

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