Overview
What is New Mexico Community Foundation?
The New Mexico Community Foundation, situated in Santa Fe, New Mexico, serves as a vital hub for managing various types of funds. These include endowed and non-permanent donor-advised, nonprofit agency, scholarship, designated, community-advised, and field-of-interest funds. The organization's mission is to steward community resources, foster partnerships, and generate opportunities that positively impact lives across New Mexico. By managing donor funds and granting support to initiate new projects or sustain existing programs, the New Mexico Community Foundation addresses a broad spectrum of issues, such as education, arts and culture, rural development, native philanthropy and entrepreneurship, women, children, and families, environment, health, community leadership, civic engagement, and animal protection, demonstrating its commitment to the betterment of the community within the specified word limit.
Official website here: www.nmcf.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 100% (Four-Star out of Four Stars)**tar)**
The New Mexico Community Foundation has achieved a Four-Star rating from Charity Navigator, primarily reflecting its 100% Accountability & Finance score. This rating signifies exceptional transparency and trustworthiness in the management of its finances, indicating that the organization is well-governed and operates with a high level of integrity.
Notable strengths include a completely independent board and a strong financial oversight system, with no material diversion of assets reported. Additionally, the foundation demonstrates a commitment to effective fiscal management, as evidenced by a high program expense ratio of 90.94%, allowing the majority of resources to be directed towards its mission.
However, potential donors should note that the organization received a score of zero in fundraising efficiency, which might raise questions about its fundraising strategy. There are no user reviews currently available on GreatNonprofits to provide additional insights or personal experiences regarding the foundation's operations or effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico Community Foundation legitimate?
New Mexico Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico 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: $287,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $336,680
For more financial information, click here
Official website here: www.nmcf.org
What is the mission statement of New Mexico Community Foundation?
The New Mexico Community Foundation's mission is centered around managing community resources, fostering partnerships, and creating opportunities that significantly impact lives across New Mexico. By overseeing various types of donor funds, such as endowed and non-permanent ones, they aim to address a broad spectrum of issues, including education, arts, rural development, and health and wellness, among others. Their activities are geared towards developing new initiatives and supporting existing programs that ultimately transform the community.
Official website here: www.nmcf.org
Who is the CEO of New Mexico Community Foundation?
Rosemary Romero is the President & Ceo of New Mexico Community Foundation. The CEO's salary of New Mexico Community Foundation is $142,246 and their total compensation is $158,529.
Official website here: www.nmcf.org
What is the revenue of New Mexico Community Foundation?
New Mexico Community Foundation's revenue in 2022 was $8,692,740.
Official website here: www.nmcf.org
Who are the executives of New Mexico Community Foundation and what are their salaries?
The average compensation at New Mexico Community Foundation during 2022 was $56,742. There are 11 employees at New Mexico Community Foundation.
Here are 11 key members and their salaries (New Mexico Community Foundation's CEO's salary is $142,246 and their total compensation is $158,529):
- Compensation: $142,246
- Related: $0
- Other: $16,283
- Compensation: $112,463
- Related: $0
- Other: $16,488
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nmcf.org
Where can I find the form 990 for New Mexico Community Foundation?
New Mexico Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmcf.org
Learn more at the official website: www.nmcf.org
Mission Statement of New Mexico Community Foundation
The New Mexico Community Foundation, in its mission, is dedicated to managing community resources, fostering collaborations, and establishing opportunities that bring about significant transformations in the lives of individuals residing throughout New Mexico. This mission is accomplished by overseeing various types of donor funds, such as endowed and non-permanent donor-advised, nonprofit agency, scholarship, designated, community-advised, and field-of-interest funds. These funds address a multitude of concerns, encompassing areas like education, arts and culture, rural development, native philanthropy and entrepreneurship, women, children, and families, environment and animal protection, community leadership, civic engagement, and health and wellness. By managing and awarding grants to develop new initiatives or support existing programs, the New Mexico Community Foundation plays a crucial role in catalyzing positive change within its community.
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Impact
July, 2024
New Mexico Community Foundation's impact is felt throughout the state by stewarding community resources, building partnerships, and creating opportunities that transform lives. By managing donor funds and awarding grants to develop new initiatives or support existing programs, NMCF addresses a wide range of issues such as education, arts and culture, rural development, native philanthropy and entrepreneurship, women, children, and families, environment and animal protection, community leadership, civic engagement, and health and wellness. Through its various funds, NMCF positively influences communities in New Mexico and plays a vital role in catalyzing positive change.
This information is meant to be a general summary of New Mexico 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: $495,410
- Program Service Revenue: $871,532
- Gross Receipts: $9,672,115
Assets and Liabilities:
- Total Assets: $31,184,703
- Total Liabilities: $4,180,316
- Net Assets: $27,004,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fees
Revenue
$824,414
Misc program income
Revenue
$47,118
Organization Details
Founding Year
1983
Phone
(505) 820-6860Principal Officer
Rosemary Romero
Main Address
8 Calle Medico, Santa Fe, NM, 87505
Website
www.nmcf.orgNTEE Category
Code: T31 - Philanthropy
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