Overview
What is Albuquerque Community Foundation?
The Albuquerque Community Foundation is a nonprofit organization based in Albuquerque, New Mexico. Its primary mission is to manage a permanent community endowment and distribute grants to local and global non-profit organizations. This foundation focuses on improving the social, cultural, educational, economic, and workforce development needs of the Albuquerque metro area by providing financial assistance. Specifically, they support organizations addressing healthcare, including mental health and dental care, for uninsured, underinsured, and medically underserved adults, children, and the elderly. Additionally, they grant funds to programs providing direct assistance for vulnerable populations, such as at-risk children and youth, people in transition, and homeless individuals to become self-sufficient. The foundation has granted to 198 different non-profit organizations throughout the year.
Official website here: www.albuquerquefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Albuquerque Community Foundation has achieved an impressive 100% score, reflecting its strong performance in both accountability and finance, as well as leadership and adaptability. This high rating indicates that the organization exemplifies financial health and transparency, with a significant program expense ratio of 87.84%, demonstrating a commitment to directing funds towards its mission.
Strengths of the foundation include a fully independent board, which enhances governance and oversight. With all board members being independent and a comprehensive audit and oversight committee in place, the organization showcases a robust structure that is likely to inspire confidence among donors and stakeholders. Furthermore, the foundation has implemented essential policies such as conflict of interest and whistleblower protections, further underscoring its commitment to ethical practices.
While the data indicates no limitations, it is important to continuously monitor organizations for changes in performance or governance. Overall, the Albuquerque Community Foundation stands out as a model nonprofit, combining effective leadership with a strong financial footing to make a positive impact in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Albuquerque Community Foundation?
96% of 11 reviewers on Facebook recommend the Albuquerque Community Foundation. Here’s an overview of their sentiments:
Many are enthusiastic about the foundation's efforts to engage with the community and support those in need. Users appreciate the opportunity to get involved and contribute to meaningful causes, highlighting the organization's positive impact on local initiatives.
Overall, the sentiment is very favorable, indicating that reviewers feel the Albuquerque Community Foundation delivers significant value to the community. The strong recommendations reflect a belief in the foundation's mission and effectiveness.
This AI summary has been generated from reviews found on Facebook.
Is Albuquerque Community Foundation legitimate?
Albuquerque Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albuquerque Community 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: $652,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $671,086
For more financial information, click here
Official website here: www.albuquerquefoundation.org
What is the mission statement of Albuquerque Community Foundation?
The Albuquerque Community Foundation manages a permanent endowment, utilizing the funds to grant money to various non-profit organizations. Their mission is geared towards addressing the social, cultural, educational, economic, and workforce development needs of communities, both locally and globally. The foundation prioritizes support in the areas of health care, with a focus on providing access to quality care, including mental health and dental services, for underinsured, uninsured, and medically underserved populations. Additionally, they support human services programs, including those that offer assistance to vulnerable populations such as at-risk children and youth, individuals in transition, and those experiencing homelessness, with an emphasis on meeting their basic needs of food and shelter. During the past year, 198 non-profit organizations received grants from the foundation.
Official website here: www.albuquerquefoundation.org
Who is the CEO of Albuquerque Community Foundation?
R Randall Royster is the Chair of Albuquerque Community Foundation. The CEO's salary of Albuquerque Community Foundation is $256,615 and their total compensation is $285,126.
Official website here: www.albuquerquefoundation.org
What is the revenue of Albuquerque Community Foundation?
Albuquerque Community Foundation's revenue in 2022 was $14,332,959.
Official website here: www.albuquerquefoundation.org
Who are the executives of Albuquerque Community Foundation and what are their salaries?
The average compensation at Albuquerque Community Foundation during 2022 was $73,516. There are 18 employees and 26 volunteers at Albuquerque Community Foundation.
Here are 30 key members and their salaries (Albuquerque Community Foundation's CEO's salary is $256,615 and their total compensation is $285,126):
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Official website here: www.albuquerquefoundation.org
Where can I find the form 990 for Albuquerque Community Foundation?
Albuquerque Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albuquerquefoundation.org
Learn more at the official website: www.albuquerquefoundation.org
Mission Statement of Albuquerque Community Foundation
The Albuquerque Community Foundation is a leading organization that manages a permanent endowment to grant funds to various non-profit entities. Its primary objective is to address the social, cultural, educational, economic, and workforce development needs of the Albuquerque metro area and other global outreach organizations.
In simple terms, the Albuquerque Community Foundation functions as a philanthropic hub, distributing grants to non-profit organizations to improve the quality of life for individuals and communities in need. One of its key areas of focus is health care. Through its grant initiatives, the foundation supports initiatives that provide access to quality health care, including mental health and dental care, for uninsured, underinsured, and medically underserved adults, children, and the elderly.
Another critical area of focus for the Albuquerque Community Foundation is human services. The foundation provides grants to organizations that offer direct assistance to vulnerable populations, such as at-risk children and youth, people in transition, and those who are homeless, helping them become self-sufficient. Additionally, the foundation prioritizes nurturing families, with a particular emphasis on addressing their basic needs of food and shelter.
During the past year, the Albuquerque Community Foundation granted funds to 198 different non-profit organizations, making a significant impact in the community. By providing financial resources, the foundation empowers these organizations to make a difference in the lives of countless individuals and families in need.
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Impact
October, 2024
The Albuquerque Community Foundation significantly enhances the quality of life in the Albuquerque metro area through its strategic grantmaking initiatives. By administering a permanent community endowment, it provides vital funding to address pressing needs across various sectors, including healthcare and human services.
In healthcare, the foundation supports access to quality medical services, including mental health and dental care, focusing on underserved populations such as the uninsured and underinsured. This effort is critical in fostering healthier communities and ensuring that vulnerable adults, children, and the elderly receive the care they need.
In the realm of human services, the foundation aids numerous programs that provide direct assistance to at-risk groups. This includes support for children and youth facing hardship, transitional aid for individuals experiencing homelessness, and resources for families to meet their basic needs for food and shelter. By fostering self-sufficiency among these populations, the foundation contributes to the overall resilience and welfare of the community.
By distributing grants to 198 different nonprofit organizations within a year, the Albuquerque Community Foundation plays a pivotal role in nurturing the social, cultural, educational, and economic fabric of the region. Its efforts not only address immediate needs but also lay the groundwork for sustainable community development and outreach efforts that extend beyond local boundaries.
This information is meant to be a general summary of Albuquerque Community 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: $3,467,220
- Program Service Revenue: $310,940
- Gross Receipts: $26,034,295
Assets and Liabilities:
- Total Assets: $139,635,489
- Total Liabilities: $24,080,574
- Net Assets: $115,554,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$310,940
Organization Details
Founding Year
1981
Phone
(505) 883-6240Principal Officer
R Randall Royster
Main Address
PO BOX 25266, ALBUQUERQUE, NM, 871255266
NTEE Category
Code: T31 - Philanthropy
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