New Mexico Multi-Cultural Foundation Inc
- Assets
- $507.2k
- Revenue
- $372.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 85-0476529
Organization Overview
New Mexico Multi-Cultural Foundation Inc is located in Albuquerque, NM. The organization was established in 2001. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Multi-Cultural 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 12/2023, New Mexico Multi-Cultural Foundation Inc generated $372.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $197.3k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO PROMOTE THE MULTIPLE CULTURES WITHIN THE STATE OF NEW MEXICO AND TO EDUCATE THE PUBLIC ABOUT THESE CULTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE MULITPLE CULTURES WITHIN THE STATE OF NEW MEXICO AND TO EDUCATE THE PUBLIC ABOUT THESE CULTURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James M Long President/treasurer | OfficerTrustee | 2 | $0 |
Rebecca Long Secretary | OfficerTrustee | 2 | $0 |
Adrian Perez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $123,782 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,372 |
| Total Program Service Revenue | $0 |
| Investment income | $13,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $152,427 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $372,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,388 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,240 |
| Advertising and promotion | $0 |
| Office expenses | $1,331 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,750 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,983 |
| Insurance | $1,228 |
| All other expenses | $760 |
| Total functional expenses | $197,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $488,825 |
| 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 | $8,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,410 |
| Total assets | $507,211 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $507,211 |
| 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 | $507,211 |
Grants Awarded
Over the last fiscal year, New Mexico Multi-Cultural Foundation Inc has awarded $165,406 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL INSTITUTE OF FLAMENCO PURPOSE: SUPPORT OF FLAMENCO | $45,000 |
CHIMAYO CULTURAL PRESERVATION ASSOCIATION PURPOSE: SUPPORT CHIMAYO ART AND CULTURE. | $27,656 |
JUNIOR ACHIEVEMENT OF NEW MEXICO PURPOSE: TO PREPARE YOUNG PEOPLE TO SUCCEED INA GLOBAL ENCONOMY. | $50,000 |
CORNERSTONES COMMUNITY PARTNERSHIPS PURPOSE: PRESERVE HISTORIC STRUCTURES | $25,000 |
NEW MEXICO DANCE COALITION PURPOSE: DEVELOP AND PROMOTE DANCE ARTS WITHIN NEW MEXICO. | $17,750 |