New Mexico Community Foundation
- Assets
- $33.7m
- Revenue
- $8.6m
- Investments
- $23.2k
- Employees
- 11
- Location
- Santa Fe, NM
- Founding
- 09/1983
- Data as of
- 12/2021
- EIN
- 85-0311210
Organization Overview
New Mexico Community Foundation, operating under the name New Mexico Foundation, is located in Santa Fe, 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, New Mexico Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico 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 12/2021, New Mexico Foundation generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 5.3% 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.
Since 2018, New Mexico Foundation has awarded 348 individual grants totaling $10,582,298. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STEWARD COMMUNITY RESOURCES, BUILD PARTNERSHIPS, AND CREATE OPPORTUNITIES THAT TRANSFORM LIVES THROUGHOUT NEW MEXICO BY MANAGING DONOR FUNDS AND BY AWARDING GRANTS TO DEVELOP NEW INITIATIVES OR SUPPORT EXISTING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM & FUNDRAISING - NMCF MANAGES ENDOWED AND NON-PERMANENT DONOR ADVISED, NONPROFIT AGENCY, SCHOLARSHIP, DESIGNATED, COMMUNITY ADVISED, AND FIELD OF INTEREST FUNDS WHICH ADDRESS A WIDE RANGE OF ISSUES: EDUCATION, ARTS AND CULTURE, RURAL DEVELOPMENT, NATIVE PHILANTHROPY AND ENTREPRENEURSHIP, WOMEN, CHILDREN, AND FAMILIES, ENVIRONMENT AND ANIMAL PROTECTION, COMMUNITY LEADERSHIP, CIVIC ENGAGEMENT, AND HEALTH AND WELLNESS.
GRANTS - NMCF POOLS RESOURCES TO SUPPORT NEW MEXICOS MOST UNDERSERVED COMMUNITIES,STRENGTHEN NEW MEXICOS NONPROFITS, AND GROW PHILANTHROPY ESPECIALLY IN RURAL NEWMEXICO, CONNECT DONORS TO VALUABLE PROJECTS AND VULNERABLE COMMUNITIES, AND WORK TOBE RESPONSIVE TO CURRENT, AND OFTEN URGENT, COMMUNITY NEEDS. NMCF INITIATED AND MANAGED PHILANTHROPIC PROGRAMS, GRANTMAKING, AND ACTIVITIES THAT ADDRESSED ISSUES THAT RANGED FROM RURAL ECONOMIES AND PROMOTING NATIVE LEADERSHIP TO ENSURING EQUALITY FOR WOMEN AND FAMILIES. NMCF ACCOMPLISHED THIS IMPORTANT WORK BY BUILDING RELATIONSHIPS WITH COMMUNITY LEADERS, NONPROFITS, DONORS, AND THEIR FINANCIAL ADVISORS TO CREATE GREATER OPPORTUNITY AND PROSPERITY IN NEW MEXICO. THROUGH THESE PARTNERSHIPS, WE AWARDED GRANTS TO DEVELOP NEW INITIATIVES OR SUPPORT EXISTING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Melchor President & CEO | Officer | 40 | $130,998 |
Carla Melendez Finance Dir | Officer | 40 | $96,052 |
Marshall Poole Chair | OfficerTrustee | 1 | $0 |
Eun Hong Treasurer | OfficerTrustee | 1 | $0 |
Laura Hall Vice Chair | OfficerTrustee | 1 | $0 |
Rosemary Romero Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,986 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,174,429 |
| Noncash contributions included in lines 1a–1f | $218,829 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,186,415 |
| Total Program Service Revenue | $750,404 |
| Investment income | $384,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,252,010 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,575,952 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,335,213 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $30,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $254,193 |
| Compensation of current officers, directors, key employees. | $130,283 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,616 |
| Payroll taxes | $40,143 |
| Fees for services: Management | $705,364 |
| Fees for services: Legal | $3,418 |
| Fees for services: Accounting | $20,898 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $80,553 |
| Fees for services: Other | $620,286 |
| Advertising and promotion | $8,036 |
| Office expenses | $41,493 |
| Information technology | $39,161 |
| Royalties | $0 |
| Occupancy | $134,393 |
| Travel | $21,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,139 |
| Insurance | $24,951 |
| All other expenses | $33,162 |
| Total functional expenses | $5,403,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,959,919 |
| Savings and temporary cash investments | $2,835,431 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,592 |
| 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 | $8,375 |
| Net Land, buildings, and equipment | $536,751 |
| Investments—publicly traded securities | $26,315,558 |
| Investments—other securities | $23,150 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,585 |
| Total assets | $33,737,361 |
| Accounts payable and accrued expenses | $96,670 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,082,044 |
| 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 | $6,585 |
| Total liabilities | $5,185,299 |
| Net assets without donor restrictions | $1,031,635 |
| Net assets with donor restrictions | $27,520,427 |
| 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 | $33,737,361 |
Grants Awarded
Over the last fiscal year, New Mexico Community Foundation has awarded $2,171,569 in support to 80 organizations.
| Grant Recipient | Amount |
|---|---|
Las Cruces, NM PURPOSE: General operating support | $250,000 |
Santa Fe, NM PURPOSE: General operating support | $100,500 |
Albuquerque, NM PURPOSE: General operating support | $100,000 |
REGENTS OF NEW MEXICO STATE U PURPOSE: Student Scholarship Support | $94,400 |
Santa Fe, NM PURPOSE: Family Service Assistance | $85,000 |
Las Cruces, NM PURPOSE: General operating support | $80,000 |
Grants Recieved
Over the last fiscal year, we have identified 32 grants that New Mexico Community Foundation has recieved totaling $1,980,983.
| Awarding Organization | Amount |
|---|---|
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $201,550 |
Wend Ii Inc Bentonville, AR PURPOSE: VECINO, NEIGHBOR HELPING NEIGHBOR FUND | $200,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $150,000 |
Windward Fund Washington, DC PURPOSE: ENVIRONMENTAL PROGRAMS | $147,500 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $146,333 |
Los Alamos National Laboratory Foundation Espanola, NM PURPOSE: BROADBAND COMMUNITY AND REGIONAL PROJECTS FUND | $125,000 |
Endowment Analysis
| Beg. Balance | $17,095,005 |
| Earnings | $2,195,702 |
| Admin Expense | $152,269 |
| Net Contributions | $44,014 |
| Other Expense | $305,380 |
| Grants | $98,379 |
| Ending Balance | $18,778,693 |
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 |