American Indian Chamber Of Commerce Of New Mexico
- Assets
- $296.7k
- Revenue
- $309.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Albuquerque, NM
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 85-0469379
Organization Overview
American Indian Chamber Of Commerce Of New Mexico is located in Albuquerque, NM. The organization was established in 2000. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, American Indian Chamber Of Commerce Of New Mexico employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Indian Chamber Of Commerce Of New Mexico is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, American Indian Chamber Of Commerce Of New Mexico generated $309.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $187.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 7 years. 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
HELP NATIVE PEOPLE ACHIEVE SUCCESSFUL ECONOMIC DEVELOPMENT AND PROMOTE TRIBAL VALUES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED WORKFORCE DEVELOPMENT BY PROVIDING PREPARING FOR BUSINESS SUCCESS 5 SESSION TRAINING SERIES TO A YOUNGER WORKFORCE PER THEIR REQUEST. ALBUQUERQUE JOB CORPS, NAME PUEBLO AND ZUNI PUEBLO RECEIVED THE TRAININGS; AND HIGH SCHOOLS THROUGHOUT NM HAVE REQUESTED THESE TRAININGS IN 2023 ASSISTED WITH US SMALL BIZ ADM PPP PROGRAM OUTREACH; HOSTED TWO RESOURCE WEBINAR FOR NATIVE FARMERS.. EARNED CERTIFICATION TO TRAIN OK NATIVE ASSETS COALITION BUILDING NATIVE COMMUNITIES: FINAL SKILLS FOR FAMLLIES IN 2023 PROVIDED DIGITAL MARKETING SKILLS TRAINING TO NATIVE ARTISANS IN PARTNERSHIP WITH THE SOUTHWEST INDIAN POLYTECHNIC INSTITUTE AND COLLABORATED WITH UNM TO SERVE VARIOUS INITIATIVES INCLUDING AM. INDIAN BIZ MGT COURSE, ENGINEERING EXPO VII AND THE SCHOOL OF ARCHITECTURE STUDIO FINAL PRESENTATIONS. DESINGED THE BUY INDIAN ACT AND FEDERAL CONTRACTNG 4 SESSION TRAINING SERIES FOR GOVT CONTRACTORS IN PARTNERSHIP WITH SYNERTETIC BIZ SOLUTIONS, A NATIVE WOMAN OWNED BUSINESS. HELD MONTHLY MEETINGS WITH MEMBERS AND GUESTS TO HEAR ABOUT BUSINESS OPPORTUNITIES, NETWORKING AND B2B OPPORTUNITY SHARING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvis Aragon Executive Director | Trustee | 40 | $65,196 |
Vernelle Chase Board Chair | Trustee | 2 | $0 |
Nate Lee Vice Chair | Trustee | 2 | $0 |
Leroy Pacheco Treasurer | Trustee | 2 | $0 |
Ervina Castillo Secretary | Trustee | 1 | $0 |
Gina Euell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $27,165 |
| Fundraising events | $8,236 |
| Related organizations | $0 |
| Government grants | $242,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,038 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $296,439 |
| Total Program Service Revenue | $2,055 |
| Investment income | $0 |
| 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 | $309,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| 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. | $65,196 |
| Compensation of current officers, directors, key employees. | $16,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,253 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,300 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,860 |
| Advertising and promotion | $13,915 |
| Office expenses | $4,503 |
| Information technology | $3,612 |
| Royalties | $0 |
| Occupancy | $20,167 |
| Travel | $3,300 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,461 |
| Interest | $18 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,410 |
| All other expenses | $0 |
| Total functional expenses | $187,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,748 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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 | $296,748 |
| Accounts payable and accrued expenses | $3,205 |
| 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 | $13,188 |
| Total liabilities | $16,393 |
| 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 | $280,355 |
| Total liabilities and net assets/fund balances | $296,748 |