Overview
What is Nusenda Foundation?
Nusenda Foundation is a charitable organization, established for philanthropic purposes, primarily funded through contributions generated by the Nusenda Credit Union Community Rewards program and the escheated property process. Members can direct their contributions towards various focus areas, including education, healthcare, the arts, wildlife & environment, and community services & support. The foundation aims to amplify the community impact of Nusenda Federal Credit Union. Its mission encompasses promoting financial literacy, capability, and improvement, asset building initiatives, and creating programs to support lower-income and impoverished individuals and communities. The foundation awards grants to eligible charitable entities to fund initiatives that enhance the general well-being of New Mexico residents.
Official website here: www.nusendafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The Nusenda Foundation received an overall score of 81% from Charity Navigator, reflecting a Three-Star rating. This score is based solely on the Accountability & Finance beacon, indicating a strong emphasis on financial transparency and ethical governance. The foundation’s financial practices are well-documented, and it adheres to high standards, ensuring accountability in its operations.
Strengths of the Nusenda Foundation include a perfect score in several key areas, such as its audit and oversight committee, conflict of interest policies, and whistleblower policies. Additionally, the foundation demonstrates a solid commitment to its mission with a program expense ratio of 97.20%, signifying that nearly all of its expenses directly support its programs and initiatives.
However, while the foundation has excelled in accountability and finance, it's important to evaluate additional aspects of its impact and effectiveness outside of financial metrics. Potential donors and stakeholders may want to look further into the foundation's programmatic outcomes and community engagement efforts to gain a comprehensive understanding of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Nusenda Foundation legitimate?
Nusenda Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nusenda Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nusendafoundation.org
What is the mission statement of Nusenda Foundation?
The Nusenda Foundation's mission is centered around enhancing the impact of Nusenda Federal Credit Union in the community. As a charitable organization, it aims to support qualified exempt organizations under Section 501(C)(3) of the Internal Revenue Code. Its activities primarily focus on promoting and improving philanthropic partnerships, with an emphasis on financial literacy, capability enhancement, asset building initiatives, and the creation and implementation of products and services for lower income and impoverished individuals and communities. Additionally, the foundation undertakes civic, cultural, health, education, economic development, and diversification initiatives to enhance the overall well-being of New Mexico residents.
Official website here: www.nusendafoundation.org
Who is the CEO of Nusenda Foundation?
Sara Keller is the Vice Chair of Nusenda Foundation.
Official website here: www.nusendafoundation.org
What is the revenue of Nusenda Foundation?
Nusenda Foundation's revenue in 2022 was $532,049.
Official website here: www.nusendafoundation.org
Who are the executives of Nusenda Foundation and what are their salaries?
There 1 volunteer at Nusenda Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $135,816
- Other: $10,139
- Compensation: $0
- Related: $147,523
- Other: $16,388
- Compensation: $0
- Related: $53,075
- Other: $5,913
- Compensation: $0
- Related: $122,482
- Other: $20,090
- Compensation: $0
- Related: $86,725
- Other: $5,077
- Compensation: $0
- Related: $96,125
- Other: $7,327
- Compensation: $0
- Related: $95,628
- Other: $15,552
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $165,945
- Other: $25,230
Official website here: www.nusendafoundation.org
Where can I find the form 990 for Nusenda Foundation?
Nusenda Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nusendafoundation.org
Learn more at the official website: www.nusendafoundation.org
Mission Statement of Nusenda Foundation
The Nusenda Foundation, an organization dedicated to charitable purposes, is committed to amplifying the impact of Nusenda Federal Credit Union within the community. Its mission is twofold. Firstly, it supports and creates programs aimed at promoting financial literacy, capability, and improvement, as well as asset building initiatives for lower income and impoverished individuals and communities. Secondly, it develops civic, cultural, health, education, economic development, and diversification initiatives to enhance the overall well-being of residents in New Mexico. By engaging in these activities, the Nusenda Foundation strives to foster effective philanthropic partnerships and contribute to the betterment of the community it serves.
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Impact
July, 2024
Nusenda Foundation's impact is significant in the community, as it works to increase the positive influence of Nusenda Federal Credit Union in various key areas. Through the funds generated by the Nusenda Credit Union Community Rewards Program, the foundation directs contributions towards investments in education, healthcare, the arts, wildlife & environment, and community services & support. This targeted approach allows the foundation to support eligible charitable entities that make a difference in these focus areas.
Furthermore, by receiving funds derived from Nusenda Credit Union's escheated property process, the foundation is able to further contribute to charitable initiatives that benefit the community. These efforts align with the foundation's mission to promote effective philanthropic partnerships focused on financial literacy, asset building initiatives, and the enhancement of services for lower-income and impoverished individuals and communities.
Overall, Nusenda Foundation's work encompasses a range of charitable and educational activities that aim to enhance the general well-being of residents in New Mexico. Through their strategic giving and support of key initiatives, the foundation plays a crucial role in fostering positive change and empowerment within the community.
This information is meant to be a general summary of Nusenda Foundation. 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: $36,635
- Gross Receipts: $2,652,041
Assets and Liabilities:
- Total Assets: $2,397,539
- Total Liabilities: $84,877
- Net Assets: $2,312,662
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Organization Details
Founding Year
2013
Phone
(505) 889-2528Principal Officer
Sara Keller
Main Address
PO BOX 8530, ALBUQUERQUE, NM, 87198
Website
www.nusendafoundation.orgNTEE Category
Code: T30 - Philanthropy
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