Albuquerque Community Foundation
- Assets
- $124.6m
- Revenue
- $15.7m
- Investments
- $53.5m
- Employees
- 15
- Location
- Albuquerque, NM
- Founding
- 11/1983
- Data as of
- 12/2020
- EIN
- 85-0295444
Organization Overview
Albuquerque Community Foundation is located in Albuquerque, NM. The organization was established in 1983. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Albuquerque Community Foundation employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque Community 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 12/2020, Albuquerque Community Foundation generated $15.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $8.2m during the year ending 12/2020. While expenses have increased by 6.2% per year over the past 6 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.
Since 2014, Albuquerque Community Foundation has awarded 1,350 individual grants totaling $32,292,645. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ADMINISTER A PERMANENT COMMUNITY ENDOWMENT FROM WHICH DISTRIBUTIONS ARE USED TO PROVIDE GRANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE - GRANTS TO SUPPORT ACCESS TO QUALITY HEALTH CARE, INCLUDING MENTAL HEALTH AND DENTAL CARE, FOR UNINSURED, UNDERINSURED AND MEDICALLY UNDERSERVED ADULTS, CHILDREN AND THE ELDERLY.HUMAN SERVICES - GRANTS TO SUPPORT PROGRAMS PROVIDING DIRECT ASSISTANCE FOR VULNERABLE POPULATIONS INCLUDING AT-RISK CHILDREN/YOUTH; AID FOR PEOPLE IN TRANSITION OR WHO ARE HOMELESS TO BECOME SELF-SUFFICIENT; AND NURTURING FAMILIES WITH AN EMPHASIS ON THE BASIC NEEDS OF FOOD AND SHELTER.235 DIFFERENT NON-PROFIT ORGANIZATIONS RECEIVED GRANTS DURING THE YEAR.
ARTS AND CULTURE GRANTS ARE GIVEN TO SUPPORT ARTS EDUCATION, FACILITATE THE STABILITY OF ARTS ORGANIZATIONS, TO ENCOURAGE THE PRESERVATION OF THE COMMUNITY'S CULTURAL HERITAGE AND TO RECOGNIZE ARTISTIC ACHIEVEMENT. 40 DIFFERENT NON-PROFIT ORGANIZATIONS RECEIVED GRANTS DURING THE YEAR.
SCHOLARSHIPS AND FINANCIAL AID AWARDS ALLOWING STUDENTS TO CONTINUE THEIR EDUCATION OR FURTHER THEIR CAREERS. 142 STUDENTS RECEIVED GRANTS DURING THE YEAR.
EDUCATIONAL GRANTS TO SUPPORT A WIDE RANGE OF ACTVITIES FROM EARLY CHILDHOOD THROUGH ADULT PROGRAMS INCLUDING SPECIAL EDUCATION, VOCATIONAL AND CAREER TRAINING, AND CLASSROOM INNOVATION. 229 NON-PROFIT ORGANIZATIONS RECEIVED GRANTS DURING THE YEAR.
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 |
|---|---|---|---|
R Randall Royster President & CEO | Officer | 50 | $243,960 |
Nicholas Williams CFO | Officer | 50 | $108,433 |
Marisa Magallanez Vice President | Officer | 50 | $99,214 |
Steve Maestas Chair | OfficerTrustee | 3 | $0 |
Marcus Mims Secretary | OfficerTrustee | 3 | $0 |
Beverly Bendicksen Chair Elect & Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,290 |
| Related organizations | $0 |
| Government grants | $159,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,711,974 |
| Noncash contributions included in lines 1a–1f | $1,810,706 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,902,064 |
| Total Program Service Revenue | $162,203 |
| Investment income | $1,678,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,987,642 |
| Net Income from Fundraising Events | -$9,350 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,721,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,221,937 |
| Grants and other assistance to domestic individuals. | $155,619 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $476,772 |
| Compensation of current officers, directors, key employees. | $178,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,425 |
| Pension plan accruals and contributions | $15,475 |
| Other employee benefits | $37,276 |
| Payroll taxes | $62,142 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,459 |
| Fees for services: Accounting | $46,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $190,410 |
| Fees for services: Other | $37,412 |
| Advertising and promotion | $0 |
| Office expenses | $89,116 |
| Information technology | $100,027 |
| Royalties | $0 |
| Occupancy | $72,683 |
| Travel | $14,797 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,736 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $64,157 |
| Insurance | $28,110 |
| All other expenses | $0 |
| Total functional expenses | $8,209,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,276,641 |
| Savings and temporary cash investments | $3,906,199 |
| Pledges and grants receivable | $39,334 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $190,931 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,616 |
| Net Land, buildings, and equipment | $1,842,526 |
| Investments—publicly traded securities | $56,286,529 |
| Investments—other securities | $53,475,951 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,547,930 |
| Total assets | $124,587,657 |
| Accounts payable and accrued expenses | $20,055 |
| Grants payable | $758,534 |
| 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 | $21,521,905 |
| Total liabilities | $22,300,494 |
| Net assets without donor restrictions | $52,276,238 |
| Net assets with donor restrictions | $50,010,925 |
| 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 | $124,587,657 |
Grants Awarded
Over the last fiscal year, Albuquerque Community Foundation has awarded $5,573,588 in support to 219 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF NEW MEXICO FOUNDATION PURPOSE: ACF GRANT | $383,504 |
Albuquerque, NM PURPOSE: ACF GRANT | $235,525 |
San Francisco, CA PURPOSE: DONOR-ADVISED | $139,167 |
Albuquerque, NM PURPOSE: ACF AGENCY DISTRIBUTION | $135,708 |
Denver, CO PURPOSE: ACF HEALTH/GENERAL/REHAB | $111,899 |
Albuquerque, NM PURPOSE: DONOR-ADVISED | $110,730 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Albuquerque Community Foundation has recieved totaling $596,705.
| Awarding Organization | Amount |
|---|---|
Sandia Foundation Albuquerque, NM PURPOSE: GRANTS TO CHARITIES | $387,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $58,550 |
Organization Name not Listed PURPOSE: GENERAL SUPPORT | | $50,000 |
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Robert T Keeler Foundation El Prado, NM PURPOSE: PROJECT/PROGRAM SUPPORT | $25,000 |
Carl C Anderson Sr And Marie Jo Anderson Charitable Foundation Dallas, TX PURPOSE: UNIVERSITY OF NEW MEXICO EVALUATION LAB OUTCOMES | $19,000 |
Endowment Analysis
| Beg. Balance | $98,076,732 |
| Earnings | $18,058,635 |
| Net Contributions | $11,816,050 |
| Other Expense | $1,330,381 |
| Grants | $4,903,072 |
| Ending Balance | $121,717,964 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
East Texas Communties Foundation Inc Tyler, TX | $137,619,988 | $26,912,059 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
Permian Basin Area Foundation Midland, TX | $279,717,835 | $33,055,231 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |