Overview
What is Think New Mexico?
Think New Mexico is a nonprofit organization committed to advocating for change through education and public policy research. During the 2022 legislative session, they actively worked towards reducing the maximum annual interest rate on small loans from a high of 175% to a more manageable 36%. Drawing on data from the state regulation and licensing department, Think New Mexico aims to promote fair and responsible lending practices. Their mission encompasses both education and research, empowering them to contribute to informed decisions and positive change in New Mexico's legislative landscape.
Official website here: www.thinknewmexico.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating
Think New Mexico has achieved an impressive 98% rating from Charity Navigator, reflecting its strong commitment to accountability and transparency. The organization excels particularly in accountability and finance, where it scored a perfect 100%. This high rating indicates that Think New Mexico effectively manages its resources, focusing on impactful policy advocacy for the benefit of New Mexicans.
User feedback highlights the organization's dedication to nonpartisan, evidence-based policymaking, which is essential in addressing critical issues such as education, economic security, and food tax advocacy. Many volunteers and members of the public commend the staff's passion and effectiveness in implementing meaningful reforms, showcasing a strong connection with the community it serves. The majority of board members are independent, enhancing the organization's credibility and focus on public interest.
Despite its strengths, some feedback suggests that as a small organization, it faces challenges in scaling its impact across all areas of New Mexico. Nonetheless, the consistent praise from users and the organization's effective track record in achieving legislative successes indicate a robust capacity for driving positive change in the state.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Think New Mexico legitimate?
Think New Mexico is a legitimate nonprofit organization registered as a 501(c)(3) entity. Think New Mexico submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $176,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $276,779
For more financial information, click here
Official website here: www.thinknewmexico.org
What is the mission statement of Think New Mexico?
Think New Mexico, as an organization, is committed to the realm of education and public policy research. Their mission, specifically during the 2022 legislative session, was to advocate for the reduction of the maximum annual interest rate on small loans from a high of 175% to a more manageable 36%. This mission was backed by data from the state regulation and licensing department. Beyond this, Think New Mexico also engages in broader public policy research, aiming to contribute to informed legislative decisions and positive societal changes.
Official website here: www.thinknewmexico.org
Who is the CEO of Think New Mexico?
Roberta Cooper Ramo is the Chair of Think New Mexico.
Official website here: www.thinknewmexico.org
What is the revenue of Think New Mexico?
Think New Mexico's revenue in 2022 was $1,120,195.
Official website here: www.thinknewmexico.org
Who are the executives of Think New Mexico and what are their salaries?
The average compensation at Think New Mexico during 2022 was $45,281. There are 10 employees and 10 volunteers at Think New Mexico.
Here are 12 key members and their salaries:
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- Other: $49,699
- Compensation: $103,728
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- Other: $22,713
Official website here: www.thinknewmexico.org
Where can I find the form 990 for Think New Mexico?
Think New Mexico's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thinknewmexico.org
Learn more at the official website: www.thinknewmexico.org
Mission Statement of Think New Mexico
Think New Mexico, as an organization, is dedicated to advocating for education and public policy research. One of its key objectives is to influence legislative changes. During the 2022 legislative session, Think New Mexico successfully championed the reduction of the maximum annual interest rate on small loans from a staggering 175% to a more reasonable 36%. This was achieved with data sourced from the state regulation and licensing department. Beyond legislative advocacy, Think New Mexico also focuses on research, aiming to contribute valuable insights to public policy discussions.
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Impact
October, 2024
Think New Mexico has made a significant impact by advocating for substantial legislative changes that directly affect consumers in New Mexico. One of its key achievements was successfully championing the reduction of the maximum annual interest rate on small loans from a staggering 175% to a more manageable 36%. This monumental shift, occurring during the 2022 legislative session, underscores the organization’s commitment to public policy research and education aimed at protecting vulnerable populations from predatory lending practices. By leveraging data from the state regulation and licensing department, Think New Mexico not only highlighted the need for reform but also mobilized support for legislation that enhances financial security for residents, thereby contributing to a more equitable lending environment in the state.
This information is meant to be a general summary of Think New Mexico. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$36,654
- Gross Receipts: $1,570,576
Assets and Liabilities:
- Total Assets: $3,749,700
- Total Liabilities: $74,761
- Net Assets: $3,674,939
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Organization Details
Founding Year
1998
Phone
(505) 992-1315Principal Officer
Roberta Cooper Ramo
Main Address
505 DON GASPAR AVE, SANTA FE, NM, 87505
Website
www.thinknewmexico.orgNTEE Category
Code: P20 - Human services
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