Overview
What is Southwest New Mexico Council Of Governments?
Southwest New Mexico Council of Governments (SNMCOG) is a nonprofit organization situated in Silver City, New Mexico. Its primary mission is to enhance the living standards of residents in southwestern New Mexico by securing funding and partnerships for community and economic development, transportation, housing, and other essential needs. To achieve this goal, SNMCOG assists in long-range planning, manages local administration of state and federal funds, helps obtain grants for specific purposes, and administers various state programs at the local level. The organization also compiles regional statistical reports. In terms of fiscal management, SNMCOG maintains a separate account for State Appropriation Funds, ensuring proper allocation and reversion of any unused funds. With a workforce of 5 individuals, SNMCOG continues its commitment to improving the quality of life in southwestern New Mexico.
Official website here: www.swnmcog.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Stars)
The Southwest New Mexico Council Of Governments has received a low rating of 58%, indicating significant concerns regarding its financial accountability and governance practices. While the organization boasts a fully independent board and has no reported material diversion of assets, it falls short in several critical areas such as having a whistleblower policy and a document retention policy. These omissions contribute to its overall low score on accountability and finance.
Strengths of the organization include its high program expense ratio, which suggests that all of its expenses are directed towards its programs, reflecting a commitment to its mission. The board's structure is also a positive aspect, with 100% independent members, which generally promotes unbiased decision-making and oversight. However, the liabilities to assets ratio indicates potential financial instability, as it exceeds 100%.
Despite these strengths, the limitations highlighted in the rating and feedback indicate a need for improvement in governance policies and financial transparency. The absence of crucial documents and policies may hinder stakeholder confidence and the organization’s overall effectiveness. Overall, stakeholders should consider these factors when evaluating their support for this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest New Mexico Council Of Governments legitimate?
Southwest New Mexico Council Of Governments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest New Mexico Council Of Governments 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: $91,924
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,178
For more financial information, click here
Official website here: www.swnmcog.org
What is the mission statement of Southwest New Mexico Council Of Governments?
The Southwest New Mexico Council of Governments (SNMCOG) was established with a mission to aid its member organizations in enhancing the living standards of residents in southwestern New Mexico. This is achieved by securing funding and partnerships for community and economic development projects, transportation, housing, and other essential needs. In addition to this, SNMCOG provides assistance in long-range planning and administers state and federal funds at the local level. The organization also assists in obtaining grants for specific purposes and compiles regional statistical reports. Furthermore, the council helps administer various state programs at the local level through the State Appropriation Fund, which is used to account for the proceeds and distribution of funds received.
Official website here: www.swnmcog.org
Who is the CEO of Southwest New Mexico Council Of Governments?
Priscilla Lucero is the Executive Director of Southwest New Mexico Council Of Governments.
Official website here: www.swnmcog.org
What is the revenue of Southwest New Mexico Council Of Governments?
Southwest New Mexico Council Of Governments's revenue in 2022 was $1,053,296.
Official website here: www.swnmcog.org
Who are the executives of Southwest New Mexico Council Of Governments and what are their salaries?
The average compensation at Southwest New Mexico Council Of Governments during 2022 was $52,820. There are 5 employees at Southwest New Mexico Council Of Governments.
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Official website here: www.swnmcog.org
Where can I find the form 990 for Southwest New Mexico Council Of Governments?
Southwest New Mexico Council Of Governments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swnmcog.org
Learn more at the official website: www.swnmcog.org
Mission Statement of Southwest New Mexico Council Of Governments
The Southwest New Mexico Council of Governments (SNMCOG) is a nonprofit organization with a mission to enhance the quality of life for residents in southwestern New Mexico. This is achieved by securing funding and partnerships for community and economic development, transportation, housing, and various other needs. Established for long-range planning and local administration of state and federal funds, SNMCOG also assists in obtaining grants for specific purposes and administers various state programs at the local level. Furthermore, the organization compiles regional statistical reports to provide a comprehensive understanding of the region's needs and progress. In summary, the Southwest New Mexico Council of Governments plays a crucial role in facilitating development and improvement in the community by leveraging funding and partnerships, and ensuring effective administration of state programs and comprehensive data collection.
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Impact
July, 2024
The Southwest New Mexico Council of Governments plays a vital role in improving the quality of life for residents in Southwestern New Mexico. By securing funding and partnerships for community and economic development, transportation, housing, and other essential needs, the organization has a direct impact on the well-being of the local community. Additionally, SWNMCOG assists in long-range planning, local administration of state and federal funds, obtaining grants for specific purposes, administering various state programs at the local level, and compiling regional statistical reports. Through these efforts, SWNMCOG works to create a positive impact on the region by fostering growth, development, and sustainability.
This information is meant to be a general summary of Southwest New Mexico Council Of Governments. 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: $86
- Program Service Revenue: $35,983
- Gross Receipts: $1,053,296
Assets and Liabilities:
- Total Assets: $2,365,937
- Total Liabilities: $2,586,075
- Net Assets: -$220,138
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT ADMINISTRATION
Revenue
$35,983
Organization Details
Founding Year
1969
Phone
(575) 388-1509Principal Officer
Priscilla Lucero
Main Address
POBOX 2157, SILVER CITY, NM, 88062
Website
www.swnmcog.orgNTEE Category
Code: W20 - Public benefit
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