Golden Spread Rural Frontier Coalition
- Assets
- $4.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 51
- Location
- Clayton, NM
- Founding
- 07/1998
- Data as of
- 12/2023
- EIN
- 85-0450733
Organization Overview
Golden Spread Rural Frontier Coalition is located in Clayton, NM. The organization was established in 1998. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Golden Spread Rural Frontier Coalition employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Spread Rural Frontier Coalition is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GOLDEN SPREAD RURAL FRONTIER COALITION (ORGANIZATION) WAS INCORPORATED UNDER THE LAWS OF THE STATE OF NEW MEXICO TO PROVIDE PLANNING, ADMINISTRATIVE SERVICES AND FINANCING TO SUPPORT NON-PROFIT BUSINESSES AND ECONOMIC GROWTH INITIATIVES, WHICH CAN RESPOND TO HUMAN SERVICE NEEDS THAT THE BOARD OF DIRECTORS DETERMINES IS APPROPRIATE, IN THE AREA OF COMMUNITY AND ECONOMIC DEVELOPMENT, HEALTH, EMPLOYMENT AND HOUSING OPPORTUNITIES AND DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MEDIUM INCOME PEOPLE. GOLDEN SPREAD RURAL FRONTIER COALITION OPERATES UNDER A BOARD OF DIRECTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GUARDIAN PROGRAM PROVIDES HOME CARE FOR ELDERLY AND DISABLED INDIVIDUALS IN OUR AREA. 30 INDIVIDUALS WERE PROVIDED SERVICES THROUGH OUR GUARDIAN PROGRAM DURING THE YEAR. TRANSPORTATION PROGRAM PROVIDES TRANSPORTATION FOR LOW INCOME, DISABLED AND ELDERLY RESIDENTS IN UNION COUNTY AND SURROUNDING AREAS. 16,000 TRANSPORTATION RIDES WERE PROVIDED DURING THE YEAR.
TRANSPORTATION, ELDERLY SUPPORT, AND THRIFT SHOP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ferdinand Garcia Chairman | Trustee | 50 | $40,750 |
Bill Birdwell Member | Trustee | 3 | $0 |
Barbara French Treasurer | Trustee | 10 | $24,833 |
Rose Ramirez Secretary | Trustee | 3 | $0 |
Craig Reeves Member | Trustee | 3 | $0 |
Bruce Scott Vice Chairman | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $139,511 |
| 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 | $139,511 |
| Total Program Service Revenue | $880,221 |
| Investment income | $937 |
| 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 | $1,194,405 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,770 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,052 |
| Payroll taxes | $61,295 |
| Fees for services: Management | $29,747 |
| Fees for services: Legal | $37,272 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,376 |
| Office expenses | $21,299 |
| Information technology | $14,418 |
| Royalties | $0 |
| Occupancy | $187,300 |
| Travel | $8,203 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,265 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,799 |
| Insurance | $0 |
| All other expenses | $1,488 |
| Total functional expenses | $1,311,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,316 |
| Savings and temporary cash investments | $71,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $907,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,689,181 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,508 |
| Net Land, buildings, and equipment | $1,308,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,453 |
| Total assets | $4,042,682 |
| Accounts payable and accrued expenses | $32,806 |
| Grants payable | $0 |
| 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 | $399,134 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $431,940 |
| Net assets without donor restrictions | $0 |
| 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 | $3,610,742 |
| Total liabilities and net assets/fund balances | $4,042,682 |