New Mexico Community Trust
- Assets
- $7.3m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- Data as of
- 12/2022
- EIN
- 85-4395064
Organization Overview
New Mexico Community Trust is located in Albuquerque, NM. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Community Trust 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 12/2022, New Mexico Community Trust generated $10.3m in total revenue. All expenses for the organization totaled $9.4m during the year ending 12/2022.
Since 2022, New Mexico Community Trust has awarded 41 individual grants totaling $8,953,633. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND ADMINISTER ENDOWMENT AND DONOR ADVISED FUNDS THAT WILL BENEFIT NEW MEXICO NONPROFITS AND NEW MEXICO COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD, INVEST AND MANAGE ENDOWMENT FUNDS TO ENHANCE THE QUALITY OF NEW MEXICO THROUGH INFORMED, STRATEGIC GRANTMAKING. THE ORGANIZATION ALSO PROVIDES CONSULTING AND OTHER SERVICES TO VARIOUS STATE COMMUNITY FOUNDATIONS AS A WAY OF HELPING OTHER ORGANIZATIONS IN NEED. IN 2022 THE ORGANIZATION RECEIVED A COVID-19 FEDERAL GRANT TO PROVIDE EMERGENCY RENTAL ASSISTANCE TO NEW MEXICO RESIDENTS; THESE FUNDS WERE DISTRIBUTED TO APPROXIMATELY 40 AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Alongi Chair | OfficerTrustee | 1 | $0 |
William Lang Treasurer | OfficerTrustee | 1 | $0 |
Kenneth Leach Secretary | OfficerTrustee | 1 | $0 |
R Randall Royster President & CEO | Officer | 6 | $0 |
Nicholas Williams CFO | Officer | 6 | $0 |
Marisa Magallanez VP Strategy & Equity | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,599,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $496,242 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,095,553 |
| Total Program Service Revenue | $33,393 |
| Investment income | $115,765 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,434 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,280,145 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,953,633 |
| 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 | $79 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,359 |
| Fees for services: Accounting | $64 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,118 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,317 |
| Information technology | $80 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,445,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $718,410 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,786,581 |
| 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 | $4,823,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,328,007 |
| Accounts payable and accrued expenses | $1,768,739 |
| 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 | $1,768,739 |
| Net assets without donor restrictions | $92,700 |
| Net assets with donor restrictions | $5,466,568 |
| 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 | $7,328,007 |
Grants Awarded
Over the last fiscal year, New Mexico Community Trust has awarded $8,953,633 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE AFFORDABLE HOUSING PURPOSE: COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM | $26,534 |
AMPARO PURPOSE: COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM | $117,672 |
CARMICHAEL CONSULTANTS PURPOSE: COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM | $392,000 |
CASA MILAGRO PURPOSE: COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM | $120,628 |
CENTER FOR CIVIC POLICY PURPOSE: COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM | $59,412 |
CENTRO SAVILA PURPOSE: COVID-19 EMERGENCY RENTAL ASSISTANCE PROGRAM | $185,613 |