Overview
What is New Mexico Alliance For Hispanic Education?
The New Mexico Alliance for Hispanic Education is a nonprofit organization situated in Albuquerque, New Mexico. Their primary objective is to provide scholarship opportunities to deserving Hispanic students. They accomplish this by collecting funds and subsequently dispatching them to the National Hispanic Scholarship Fund, which then distributes the scholarships to eligible New Mexico candidates. Their mission is deeply rooted in advocating for the educational advancement of Hispanic students, which they execute through their partnership with the National Hispanic Scholarship Fund.
Official website here: www.nmalliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star rating.
The New Mexico Alliance for Hispanic Education received a low rating primarily due to deficiencies in financial accountability and transparency, as indicated by their score of 43%. While the organization showcases strengths with a fully independent board and no material diversion of assets, the overall financial metrics raise concerns. Important policies such as a whistleblower policy and document retention practices are missing, which significantly impacts their accountability score.
Additionally, the charity falls short in financial ratios, with a program expense ratio of 0%, suggesting that little to no resources are allocated towards their programmatic activities. This lack of investment in programs could hinder their effectiveness in achieving their mission. Despite some positive aspects, the absence of critical governance policies and poor financial metrics highlight the need for substantial improvements in organizational practices.
Overall, while the New Mexico Alliance for Hispanic Education demonstrates some strengths in governance, the significant gaps in financial accountability and program spending warrant caution for potential donors and supporters. The organization will need to address these issues to enhance its credibility and operational impact.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico Alliance For Hispanic Education legitimate?
New Mexico Alliance For Hispanic Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Alliance For Hispanic Education 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:
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For more financial information, click here
Official website here: www.nmalliance.org
What is the mission statement of New Mexico Alliance For Hispanic Education?
The New Mexico Alliance for Hispanic Education's mission is centered around providing scholarship opportunities for Hispanic students. They accomplish this by channeling their funds to the National Hispanic Scholarship Fund, which then distributes these scholarships to eligible Hispanic students from New Mexico. The organization's primary goal is to support the educational aspirations of Hispanic students, thereby contributing to their future success. The alliance also collaborates with the National Hispanic Scholarship Fund to ensure the fair distribution of these scholarships, thereby enabling deserving students to pursue their higher education.
Official website here: www.nmalliance.org
Who is the CEO of New Mexico Alliance For Hispanic Education?
Ron J Rivera is the President of New Mexico Alliance For Hispanic Education.
Official website here: www.nmalliance.org
What is the revenue of New Mexico Alliance For Hispanic Education?
New Mexico Alliance For Hispanic Education's revenue in 2022 was $33,374.
Official website here: www.nmalliance.org
Who are the executives of New Mexico Alliance For Hispanic Education and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.nmalliance.org
Where can I find the form 990 for New Mexico Alliance For Hispanic Education?
New Mexico Alliance For Hispanic Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmalliance.org
Learn more at the official website: www.nmalliance.org
Mission Statement of New Mexico Alliance For Hispanic Education
The New Mexico Alliance for Hispanic Education, as an organization, is committed to its mission of providing scholarship opportunities for Hispanic students. It accomplishes this by collaborating with the National Hispanic Scholarship Fund, channeling funds earmarked for New Mexico-based Hispanic scholars. This partnership aims to empower Hispanic students by offering them financial assistance, thereby enabling them to pursue their academic goals and ultimately, contribute to their communities and society at large.
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Impact
August, 2024
The New Mexico Alliance for Hispanic Education has a significant impact on Hispanic students in New Mexico by providing scholarship opportunities administered through the National Hispanic Scholarship Fund. Through their efforts, they are enabling qualified Hispanic students in New Mexico to access funding for their education, ultimately helping to increase access to higher education and support the academic and professional development of Hispanic individuals in the state.
This information is meant to be a general summary of New Mexico Alliance For Hispanic Education. 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.
- Gross Receipts: $182,385
Assets and Liabilities:
- Total Assets: $158,960
- Total Liabilities: $17,486
- Net Assets: $141,474
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Organization Details
Founding Year
1998
Phone
(505) 998-3206Principal Officer
Ron J Rivera
Main Address
PO Box 25806, Albuquerque, NM, 87125
Website
www.nmalliance.orgNTEE Category
Code: B82 - Education
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