Nusenda Foundation
- Assets
- $2.4m
- Revenue
- $532.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 11/2014
- Data as of
- 12/2022
- EIN
- 47-1284916
Organization Overview
Nusenda Foundation is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nusenda Foundation 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 12/2022, Nusenda Foundation generated $532.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $887.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nusenda Foundation has awarded 310 individual grants totaling $3,620,314. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE IMPACT THAT NUSENDA FEDERAL CREDIT UNION HAS MADE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES FUNDS GENERATED BY THE NUSENDA CREDIT UNION COMMUNITY REWARDS PROGRAM (COMMUNITY REWARDS), WHICH IS A CONTRIBUTION DRIVEN BY MEMBER DEBIT CARD TRANSACTIONS. MEMBERS HAVE THE OPPORTUNITY TO DIRECT THE CONTRIBUTIONS TOWARDS INVESTMENTS IN FIVE FOCUS AREAS WITH SPECIFIC COMMUNITIES: EDUCATION, HEALTHCARE, THE ARTS, WILDLIFE & ENVIRONMENT, AND COMMUNITY SERVICES & SUPPORT. THESE FUNDS ARE AWARDED TO ELIGIBLE CHARITABLE ENTITIES THROUGH THE FOUNDATION. THE FOUNDATION ALSO RECEIVES FUNDS GENERATED BY NUSENDA CREDIT UNION'S ESCHEATED PROPERTY PROCESS, WHICH IS DERIVED FROM ABANDONED FUNDS IN MEMBER ACCOUNTS. PER THE NUSENDA CREDIT UNION BY-LAWS, THESE FUNDS MAY BE DONATED TO THE NUSENDA FOUNDATION AND ARE TO BE AWARDED TO ELIGIBLE CHARITABLE ENTITIES THROUGH THE NUSENDA FOUNDATION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Dees Vice Chair | OfficerTrustee | 1 | $0 |
Sara Keller Executive Director/chair | OfficerTrustee | 1 | $0 |
Michael Hoodless Treasurer (through March 2022) | OfficerTrustee | 1 | $0 |
Sarah Lopez Secretary | OfficerTrustee | 1 | $0 |
Daniel Meyer Director | Trustee | 1 | $0 |
Frank Gutierrez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $490,984 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,414 |
| Total Program Service Revenue | $0 |
| Investment income | $51,517 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$14,882 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $532,049 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $845,248 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,620 |
| Fees for services: Other | $24,290 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $4,401 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,190 |
| Total functional expenses | $887,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,185 |
| Savings and temporary cash investments | $29,687 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,324,667 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,397,539 |
| Accounts payable and accrued expenses | $17,429 |
| Grants payable | $33,607 |
| 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 | $33,841 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $84,877 |
| Net assets without donor restrictions | $137,780 |
| Net assets with donor restrictions | $2,174,882 |
| 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 | $2,397,539 |
Grants Awarded
Over the last fiscal year, Nusenda Foundation has awarded $404,380 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE MEALS ON WHEELS INC PURPOSE: LOW INCOME FOOD AND ENRICHMENT (LIFE) PROGRAM | $12,410 |
ANIMAL PROTECTION OF NEW MEXICO INC PURPOSE: THE ANIMAL CONNECTION | $10,000 |
ASSISTANCE DOGS OF THE WEST PURPOSE: ASSISTANCE DOGS OF THE WEST STUDENT TRAINER PROGRAMS | $7,470 |
BOSQUE ECOSYSTEM MONITORING PROGRAM PURPOSE: CONTINUING TO INSPIRE STUDENT SCIENTISTS OF THE BOSQUE: PROTECTING OUR VITAL ECOSYSTEMS THROUGH PROJECT-BASED LEARNING IN THE BOSQUE VIA DIRECT OBSERVATION, DATA COLLECTION, & STEWARDSHIP | $10,000 |
CASA ESPERANZA INC PURPOSE: CASA ESPERANZA'S FAMILY CARE TEAM PROGRAM | $8,500 |
CATHOLIC CHARITIES OF SOUTHERN NEW MEXICO INC PURPOSE: EDUCATION PRIMARILY, BUT ALSO COMMUNITY SERVICES & SUPPORT AND HEALTHCARE | $8,000 |