Bold Futures Nm
- Assets
- $4.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 12
- Location
- Albuquerque, NM
- Founding
- 03/2002
- Data as of
- 12/2023
- 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 12/2023, Bold Futures NM employed 12 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 12/2023, Bold Futures NM generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 15.6% per year over the past 9 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
2023
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
IN 2022, BOLD FUTURES ENGAGED IN POLICY ADVOCACY EFFORTS SUPPORTING THE INDIAN FAMILY PROTECTION ACT. THIS LEGISLATION CODIFIES THE FEDERAL INDIAN CHILD WELFARE ACT (ICWA) INTO STATE LAW AND EXPANDS PROTECTIONS FOR NATIVE CHILDREN AND FAMILIES IMPACTED BY THE CHILD WELFARE SYSTEM. THE LEGISLATION UPLIFTS TRIBAL SOVEREIGNTY AND TRIBAL SELF-DETERMINATION BY ENSURING TRIBAL COMMUNITIES ARE FIRST IN DECIDING HOW TO CARE FOR THEIR CHILDREN IN NEED. BOLD FUTURES NM WAS PROUD TO COLLABORATE WITH NEW MEXICO TRIBAL INDIAN CHILD WELFARE CONSORIUM (NM TIC), WHICH INCLUDES TRIBAL ICWA SOCIAL WORKER REPRESENTATIVES FROM 23 TRIBES ACROSS NM, COALITION TO STOP VIOLENCE AGAINST NATIVE WOMEN (CSVANNW), FAMILIES INPACTED BY SEPARATION, WOMEN AND FAMILIES, AND OTHER STAKEHOLDERS ON THIS CRITICAL LEGISLATION. BOLD FUTURES NM ALSO ENGAGED IN DEEP LONG-TERM BASE BUILDING WITH OUR BLACK, INDIGENOUS, LATIN, AND LGBTQ+ LEADERS WHOSE EXPERTISE AND LIVED EXPERIENCES CONTINUE TO INFORM ALL OF THE WORK WE DO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tessa Abeyta President | OfficerTrustee | 2 | $0 |
Tara Ortega Interim Pres | OfficerTrustee | 2 | $0 |
Kay Bounkeua Secretary | OfficerTrustee | 2 | $0 |
Alexandria Taylor Treasurer | OfficerTrustee | 2 | $0 |
Becki Jones Director | Trustee | 1 | $0 |
Aline Castelan Gonzalez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $63,837 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,295,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,359,354 |
| Total Program Service Revenue | $19,992 |
| Investment income | $20,992 |
| 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 | $2,400,338 |
| 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. | $225,512 |
| Compensation of current officers, directors, key employees. | $37,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $715,490 |
| Pension plan accruals and contributions | $35,840 |
| Other employee benefits | $48,833 |
| Payroll taxes | $66,984 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $153,948 |
| Advertising and promotion | $24,930 |
| Office expenses | $95,824 |
| Information technology | $24,573 |
| Royalties | $0 |
| Occupancy | $38,462 |
| Travel | $262,519 |
| 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 | $694 |
| All other expenses | $0 |
| Total functional expenses | $2,041,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $372,567 |
| Savings and temporary cash investments | $2,593,477 |
| Pledges and grants receivable | $1,044,317 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,000 |
| Other assets | $145,395 |
| Total assets | $4,182,756 |
| Accounts payable and accrued expenses | $46,834 |
| Grants payable | $0 |
| Deferred revenue | $213,332 |
| 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 | $146,370 |
| Total liabilities | $406,536 |
| Net assets without donor restrictions | $2,574,181 |
| Net assets with donor restrictions | $1,202,039 |
| 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 | $4,182,756 |