Southwest New Mexico Council Of Government
- Assets
- $2.4m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 5
- Location
- Silver City, NM
- Founding
- 05/2016
- Data as of
- 06/2022
- EIN
- 85-0220721
Organization Overview
Southwest New Mexico Council Of Government is located in Silver City, NM. The organization was established in 2016. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Southwest New Mexico Council Of Government employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest New Mexico Council Of Government 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 06/2022, Southwest New Mexico Council Of Government generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 14.7% per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF SNMCOG IS TO HELP MEMBERS IMPROVE THE QUALITY FOR RESIDENTS IN SOUTHWESTERN NEW MEXICO BY SECURING FUNDING AND PARTNERSHIPS FOR COMMUNITY AND ECONOMIC DEVELOPMENT, TRANSPORTATION, HOUSING, AND OTHER NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DFA STATE APPROPRIATION FUND- THE STATE APPROPRIATION FUND IS USED TO ACCOUNT FOR THE PROCEEDS AND DISTRIBUTION OF FTHE STATE APPROPRIATION FUNDS RECEIVED. THE FUND WAS AUTHORIZED BY THE BOARD OF DIRECTORS OF SOUTHWEST NEW MEXICO COUNCIL OF GOVERNMENTS TO KEEP A SEPARATE ACCOUNTING OF STATE APPROPRIATION FUNDS NOW THEY ANY UNUSED FUNDS REQUIRE REVERSION.
IMAGINATION LIBRARY- STATE FUNDS FROM CYFD USED TO PROVIDE FINANCIAL SUPPORT TO DOLLY PARTONS IMAGINATION LIBRARY COMMUNITY PROGRAMS IN THE STATE OF NEW MEXICO. AUTHORIZATION IS THE BOARD OF DIRECTORS.
ECONOMIC DEVELOPMENT ADMINISTRATION FUND 2- THIS FEDERAL GRANT IS A SUSTAINABLE ONE-TIME AWARD USED TO ASSIST IN THE DEVELOPMENT OF MANAGEMENT, MARKETING, BUSINESS DEVELOPMENT, AND LEADERSHIP DEVELOPMENT WITHIN THE MEMBER REGION. THIS GRANT IS AUTHORIZED BY THE BOARD OF DIRECTORS OF SOUTHWEST NEW MEXICO COUNCIL OF GOVERNMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Priscilla Lucero Executive Director | OfficerTrustee | 40 | $97,551 |
Aaron Sera Chair | OfficerTrustee | 1 | $0 |
Alex Brown Vice Chair | OfficerTrustee | 1 | $0 |
Janet Porter-Carrejo Member | Trustee | 0.5 | $0 |
Kristy Ortiz Member | Trustee | 0.5 | $0 |
Priscilla Shoup Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $42,909 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $888,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $931,751 |
| Total Program Service Revenue | $35,983 |
| Investment income | $86 |
| 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 | $1,053,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $91,924 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $172,178 |
| Pension plan accruals and contributions | $67,703 |
| Other employee benefits | $0 |
| Payroll taxes | $22,337 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $447,576 |
| Advertising and promotion | $23,276 |
| Office expenses | $21,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,251 |
| Travel | $17,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,656 |
| Insurance | $12,268 |
| All other expenses | $0 |
| Total functional expenses | $1,015,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$34,782 |
| Savings and temporary cash investments | $1,986,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,857 |
| 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 | $23,023 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $152,796 |
| Total assets | $2,365,937 |
| Accounts payable and accrued expenses | $46,566 |
| Grants payable | $0 |
| Deferred revenue | $1,900,047 |
| 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 | $639,462 |
| Total liabilities | $2,586,075 |
| Net assets without donor restrictions | -$220,138 |
| 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 | $2,365,937 |