Bold Futures Nm
- Assets
- $2.9m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 19
- Location
- Albuquerque, NM
- Founding
- 03/2002
- Data as of
- 12/2021
- EIN
- 85-0481224
Organization Overview
Bold Futures Nm is located in Albuquerque, NM. The organization was established in 2002. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Bold Futures NM employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bold Futures NM 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, Bold Futures NM generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 18.5% per year over the past 6 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
BOLD FUTURES NM LEADS POLICY CHANGE, RESEARCH, PLACE-BASED ORGANIZING, AND CULTURE SHIFT BY AND FOR WOMEN AND PEOPLE OF COLOR IN NEW MEXICO. BOLD FUTURES NM CENTERS THE LIVED EXPERIENCES AND EXPERTISE OF THOSE MOST IMPACTED BY AN ISSUE, ENGAGING WITH PEOPLE AT THE INTERSECTIONS OF THEIR IDENTITIES. WE WORK TO BUILD COMMUNITIES WHERE ALL HAVE WHAT WE NEED TO MAKE REAL DECISIONS ABOUT OUR OWN BODIES AND LIVES, AND ALL HAVE ROOM TO LIVE WITH RESPECT AND DIGNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AT THE BEGINNING OF 2021, NEW MEXICO STILL HAD AN OUTDATED STATUTE ON THE BOOKS THAT BANNED ABORTION IN ALMOST ALL CIRCUMSTANCES. THIS UNENFORCEABLE STATUTE WAS SIGNED INTO LAW IN 1969, BEFORE THE U.S. SUPREME COURT RULE ON ROE V WADE. WITH THREATS TO IT TO ACTIVELY REMOVE FEDERAL PROTECTIONS THAT INCLUDE ACCESS TO SAFE AND LEGAL ABORTION CARE ON THE NATIONAL LEVEL, REPEALING THIS OUTDATED LAW WAS NECESSARY TO MAINTAIN LEGAL ACCESS IN NEW MEXICO. THE PASSAGE OF THIS LEGISLATION PROTECTS SAFE AND LEGAL ABORTION ACCESS REGARDLESS OF CHANGES TO FEDERAL PROTECTIONS. BOLD FUTURES NM ORGANIZED A SMALL COHORT OF BLACK, INDIGENOUS, CHICAN/A/X, AND PEOPLE OF COLOR LEGISLATIVE LEADERS FROM LAS CRUCES, ESPAOLA, LOS LUNAS, ALBUQUERQUE, PECOS, MESCALERO, AND MORE TO SHARE THEIR EXPERTISE DIRECTLY WITH DECISION-MAKERS IN SANTA FE. OUR LEADERS JOINED US FOR WEEKLY STRATEGY MEETINGS AND THROUGHOUT THE SESSION COULD BE SEEN AND HEARD POPPING UP EVERYWHERE TO HAVE THEIR VOICES HEARD ON CRITICAL ISSUES LIKE PROTECTING SAFE AND LEGAL ABORTION CARE. THE HISTORIC PASSAGE OF SENATE BILL 10 IS THE CULMINATION OF GENERATIONS-LONG EFFORTS BY LGBTQ, INDIGENOUS, BLACK, AND PEOPLE OF COLOR ADVOCATING TO PROTECT SAFE AND LEGAL ABORTION CARE IN NEW MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Bencomo Executive Di | Officer | 40 | $100,911 |
Sonia Chavira Acctg. Manag | Officer | 40 | $30,492 |
Martha A Cruz Accounting M | Officer | 40 | $22,912 |
Tessa Stuve Chair | OfficerTrustee | 2 | $0 |
Marsha Garcia Interim Chai | OfficerTrustee | 2 | $0 |
Georgia West Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $104,443 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,507,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,612,122 |
| Total Program Service Revenue | $15,526 |
| Investment income | $932 |
| 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 | $1,628,580 |
| 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. | $169,065 |
| Compensation of current officers, directors, key employees. | $24,756 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $679,925 |
| Pension plan accruals and contributions | $28,148 |
| Other employee benefits | $55,074 |
| Payroll taxes | $48,991 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $282 |
| Fees for services: Accounting | $8,178 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $120,563 |
| Advertising and promotion | $16,667 |
| Office expenses | $87,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,271 |
| Travel | $62,147 |
| 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 | $565 |
| All other expenses | $0 |
| Total functional expenses | $1,527,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $896,552 |
| Savings and temporary cash investments | $1,651,900 |
| Pledges and grants receivable | $369,000 |
| 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 | $3,800 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000 |
| Other assets | $0 |
| Total assets | $2,931,252 |
| Accounts payable and accrued expenses | $26,146 |
| Grants payable | $0 |
| Deferred revenue | $410,000 |
| 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 | $436,146 |
| Net assets without donor restrictions | $1,966,498 |
| Net assets with donor restrictions | $528,608 |
| 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 | $2,931,252 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Bold Futures Nm has recieved totaling $1,239,239.
| Awarding Organization | Amount |
|---|---|
The Susan Thompson Buffett Foundation Omaha, NE PURPOSE: PROJECT SUPPORT | $339,635 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $320,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $160,000 |
Groundswell Fund San Francisco, CA PURPOSE: Program Support | $138,000 |
Borealis Philanthropy Minneapolis, MN PURPOSE: TO SUPPORT THE WORK OF YOUNG WOMEN UNITED | $110,000 |
Proteus Fund Inc Amherst, MA PURPOSE: RIGHTS & JUSTICE | $90,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buckner International Dallas, TX | $12,129,357 | $21,781,250 |
United Cerebral Palsy Of Southern Arizona Inc Tucson, AZ | $12,231,296 | $20,624,462 |
Military Warriors Support Foundation San Antonio, TX | $26,095,499 | $9,501,589 |
Caritas Of Austin Austin, TX | $7,645,786 | $15,511,664 |
Smith Agency Aurora, CO | $25,654,604 | $17,358,773 |
Colorado Springs Independence Center Colorado Springs, CO | $15,911,959 | $13,576,800 |
Mission Of Mercy Inc Corpus Christi, TX | $7,577,811 | $11,960,672 |
Greeley Independence Stampede Inc Greeley, CO | $7,936,067 | $10,109,636 |
Independent Living Resource Center Albuquerque, NM | $3,325,195 | $9,733,666 |
Advo Companies Inc Amarillo, TX | $2,717,648 | $8,744,385 |
Cheyenne Village Colorado Springs, CO | $12,734,645 | $9,417,090 |
Nonviolence Works Inc Taos, NM | $1,929,520 | $7,008,447 |