Rio Grande Foundation Inc
- Assets
- $106.8k
- Revenue
- $324.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Albuquerque, NM
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 85-0468446
Organization Overview
Rio Grande Foundation Inc is located in Albuquerque, NM. The organization was established in 2000. According to its NTEE Classification (W01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Rio Grande Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Grande Foundation Inc 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, Rio Grande Foundation Inc generated $324.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $323.1k during the year ending 12/2021. While expenses have increased by 3.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
INDEPENDENT NON-PARTISAN RESEARCH AND EDUCATIONAL INFORMATION DEDICATED TO THE STUDY OF PUBLIC POLICY, PROMOTES PROSPERITY BASED ON PRINCIPALS OF LIMITED GOVERNMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED RESEARCH, HELD 5 PRESENTATIONS AND 11 MEETINGS AND PUBLISHED WHITE PAPERS AT VARIOUS TIMES DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gessing President | OfficerTrustee | 40 | $119,535 |
Evan Jones Treasurer | OfficerTrustee | 1 | $0 |
Ben Alaimo Monson Secretary | OfficerTrustee | 0 | $0 |
Brandon Mead Director | Trustee | 0 | $0 |
Tamara Olive Director | Trustee | 0 | $0 |
Tom Mullins Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $306,820 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,820 |
| Total Program Service Revenue | $17,502 |
| Investment income | $35 |
| 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 | $324,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,220 |
| 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. | $119,535 |
| Compensation of current officers, directors, key employees. | $35,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,984 |
| Pension plan accruals and contributions | $5,376 |
| Other employee benefits | $3,152 |
| Payroll taxes | $16,496 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,835 |
| Fees for services: Accounting | $3,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,145 |
| Information technology | $2,053 |
| Royalties | $0 |
| Occupancy | $4,656 |
| Travel | $2,432 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $41,694 |
| Total functional expenses | $323,133 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,233 |
| Savings and temporary cash investments | $46,456 |
| 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 | $87 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $106,776 |
| Accounts payable and accrued expenses | $1,764 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,764 |
| Net assets without donor restrictions | $105,012 |
| 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 | $106,776 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rio Grande Foundation Inc has recieved totaling $21,619.
| Awarding Organization | Amount |
|---|---|
Carroll Petrie Foundation Santa Fe, NM PURPOSE: GENERAL SUPPORT | $15,000 |
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $5,100 |
Cardinal Foundation Albuquerque, NM PURPOSE: INCREASING LIBERTY & PROSPERITY | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $519 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Members Choice Credit Union Houston, TX | $715,418,251 | $28,765,001 |
Texas Bankers Association Austin, TX | $29,127,060 | $9,869,075 |
Pima Association Of Governments Tucson, AZ | $4,462,511 | $8,815,859 |
Independent Bankers Association Of Texas Austin, TX | $7,396,649 | $5,511,793 |
Unite America Institute Inc Denver, CO | $2,264,353 | $5,276,672 |
Community Choice Credit Union Commerce City, CO | $105,371,750 | $3,746,307 |
Oklahoma Bankers Association Oklahoma City, OK | $7,110,372 | $3,904,069 |
Utah Credit Union League Inc Salt Lake City, UT | $4,342,560 | $2,494,402 |
Responsible Budgets Inc Salt Lake City, UT | $867 | $1,785,585 |
Utah Bankers Assn Salt Lake City, UT | $1,589,571 | $1,248,185 |
United States Public Interest Research Group Education Fund Denver, CO | $4,370,357 | $852,670 |
Colorado Taxpayers Advocate Fund Inc Castle Pines, CO | $97,723 | $975,000 |