Overview
What is New Mexico State Bar Foundation?
The New Mexico State Bar Foundation is a dedicated nonprofit organization situated in New Mexico. Its primary mission is to offer high-quality, affordable professional training and education programs primarily for the state's legal community. This is accomplished through the Center for Legal Education, which provides various continuing legal education programs in various formats. The foundation also extends its reach beyond the legal community, sponsoring, promoting, and assisting social welfare projects and programs for the benefit of New Mexico's residents. These projects range from legal services for the needy and elderly to general referral services. The organization's educational services also include pro bono funding, providing resources and support to those who need it most.
Official website here: www.sbnm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The New Mexico State Bar Foundation has received an 84% rating from Charity Navigator, which denotes a solid Three-Star status. This rating primarily reflects the organization's performance in Accountability & Finance. The foundation excels in governance aspects, with 100% of its board members being independent and having a comprehensive set of financial oversight policies in place.
Strengths of the foundation include a high program expense ratio of 76.22%, indicating that a significant portion of its expenditures directly support its mission. Additionally, the organization has demonstrated a commitment to transparency and accountability through various policies, such as conflict of interest and whistleblower protections, which received full scores in their respective evaluations.
However, there are some areas for improvement, particularly the liabilities to assets ratio, which stands at 66.17%. This ratio suggests that the foundation may have a considerable amount of liabilities compared to its assets, potentially raising concerns about financial stability. Overall, while the foundation shows robust governance and programmatic focus, addressing its financial leverage will be essential for enhancing its sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Mexico State Bar Foundation?
78% of 21 reviewers on Facebook recommend the New Mexico State Bar Foundation. Here's a summary of their comments:
The reviews highlight significant concerns regarding the functionality of the organization's website. One reviewer specifically pointed out that links related to the Client Protection Fund are non-existent, which raises questions about the foundation's ability to assist the public effectively. This feedback suggests a lack of trust in the organization’s online presence and its commitment to providing necessary resources.
While the overall sentiment leans towards recommending the foundation, the critical feedback indicates that improvements are needed, particularly in enhancing their website's functionality. Addressing these issues could enhance user confidence and ensure more individuals benefit from the services offered.
This AI summary has been generated from reviews found on Facebook.
Is New Mexico State Bar Foundation legitimate?
New Mexico State Bar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico State Bar 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: $748,789
For more financial information, click here
Official website here: www.sbnm.org
What is the mission statement of New Mexico State Bar Foundation?
The New Mexico State Bar Foundation focuses on delivering high-quality, affordable professional education to the state's legal community primarily. In addition to this, the foundation supports and assists social welfare projects and programs benefiting the residents of New Mexico, including initiatives for the public. The foundation's activities extend to legal services for underserved groups, such as the elderly, and referral services. Furthermore, the New Mexico State Bar Foundation offers various continuing legal education programs in various formats across the state through its Center for Legal Education. The foundation also provides pro bono funding, contributing to its mission of serving the legal community and improving the well-being of New Mexico's residents.
Official website here: www.sbnm.org
Who is the CEO of New Mexico State Bar Foundation?
Richard Spinello is the Board Member of New Mexico State Bar Foundation.
Official website here: www.sbnm.org
What is the revenue of New Mexico State Bar Foundation?
New Mexico State Bar Foundation's revenue in 2022 was $1,531,237.
Official website here: www.sbnm.org
Who are the executives of New Mexico State Bar Foundation and what are their salaries?
The average compensation at New Mexico State Bar Foundation during 2022 was $41,599. There are 18 employees and 1000 volunteers at New Mexico State Bar Foundation.
Here are 10 key members and their salaries:
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- Related: $137,269
- Other: $15,936
Official website here: www.sbnm.org
Where can I find the form 990 for New Mexico State Bar Foundation?
New Mexico State Bar Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sbnm.org
Learn more at the official website: www.sbnm.org
Mission Statement of New Mexico State Bar Foundation
The New Mexico State Bar Foundation, an esteemed organization, is dedicated to providing high-quality, affordable professional training and education programs primarily for the New Mexico legal community. This is carried out through their Center for Legal Education. Besides this, the foundation also supports and aids social welfare projects and programs that benefit the people of New Mexico. One of their key initiatives involves legal services for the needy and elderly, known as the Legal Resources for the Elderly Program. Additionally, they offer a General Referral Program to assist individuals in various capacities.
In terms of education, the New Mexico State Bar Foundation produces and provides quality continuing legal education programs in various formats to members statewide through their Center for Legal Education. This ensures that legal professionals in New Mexico stay updated with the latest developments in their field. Furthermore, the foundation provides pro bono funding, which is a significant contribution to the legal community, as it enables lawyers to offer their services to those who cannot afford legal representation. This dual focus on education and pro bono funding demonstrates the New Mexico State Bar Foundation's commitment to supporting and empowering the legal community in New Mexico.
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Impact
July, 2024
The New Mexico State Bar Foundation's impact is significant in providing high quality, affordable professional training and education programs to the New Mexico legal community through its Center for Legal Education. Additionally, the foundation sponsors, promotes, and assists social welfare projects and programs for the benefit of individuals in the state, including legal services for needy and elderly persons through the Legal Resources for the Elderly program and other referral services. By producing and providing quality continuing legal education programs statewide, the foundation plays a crucial role in enhancing the knowledge and skills of legal professionals while also contributing to the well-being of the community.
This information is meant to be a general summary of New Mexico State Bar 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: $863
- Program Service Revenue: $1,008,078
- Gross Receipts: $1,535,928
Assets and Liabilities:
- Total Assets: $1,051,990
- Total Liabilities: $696,182
- Net Assets: $355,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SEMINAR FEES
Revenue
$936,928
ANNUAL MEETING
Revenue
$71,150
Organization Details
Founding Year
1991
Phone
(505) 797-6000Principal Officer
Richard Spinello
Main Address
5121 MASTHEAD RD NE, ALBUQUERQUE, NM, 87109
Website
www.sbnm.orgNTEE Category
Code: Z99Z - Unknown
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