Overview
What is Bold Futures Nm?
Bold Futures NM is a New Mexico-based nonprofit organization with a mission to drive policy change, conduct research, and foster community development, focusing on issues that significantly impact women and people of color. Their approach is rooted in centering the lived experiences and expertise of those most affected by an issue. In 2022, they engaged in advocacy efforts to support the Indian Family Protection Act, which strengthens protections for Native children and families within the child welfare system. This work involved collaboration with various stakeholders, including tribal communities, to uplift sovereignty and self-determination. With 16 employees, Bold Futures NM continues to build communities where individuals have the autonomy to make decisions about their lives with respect and dignity.
Official website here: www.boldfuturesnm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Star rating.
Bold Futures NM has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 95% overall, with the rating solely based on its accountability and finance beacon, indicating a high level of transparency and responsible financial management. The absence of any material diversion of assets and the presence of a comprehensive audit and oversight committee further bolster its rating.
The organization demonstrates a commitment to governance with a fully independent board, comprising five members, ensuring diverse perspectives in decision-making. Its financial ratios are also noteworthy, with a program expense ratio of 77.95%, indicating that a significant portion of its resources is allocated directly to its programs. Additionally, a low fundraising efficiency ratio of $0.01 underscores its ability to raise funds effectively relative to expenses.
However, while the financial metrics are strong, the summary does not provide insights into programmatic impact or storytelling about how funds directly benefit the community served. This lack of qualitative data could limit potential donors' understanding of the organization's effectiveness in achieving its mission. Overall, Bold Futures NM stands out for its financial health and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Bold Futures Nm legitimate?
Bold Futures Nm is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bold Futures Nm 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: $193,758
Professional Fundraising Fees: $0
Other Salaries and Wages: $714,726
For more financial information, click here
Official website here: www.boldfuturesnm.org
What is the mission statement of Bold Futures Nm?
Bold Futures NM advocates for policy change, conducts research, and engages in community organizing, focusing on women and people of color. They center the experiences and perspectives of those most impacted by an issue, engaging individuals at the intersections of their identities. Their goal is to establish communities where everyone has the resources to make informed decisions about their lives and live with respect and dignity. Bold Futures NM advocates for policies that prioritize the needs and rights of these communities.
Official website here: www.boldfuturesnm.org
Who is the CEO of Bold Futures Nm?
Charlene Bencomo is the Chair of Bold Futures Nm.
Official website here: www.boldfuturesnm.org
What is the revenue of Bold Futures Nm?
Bold Futures Nm's revenue in 2022 was $2,653,942.
Official website here: www.boldfuturesnm.org
Who are the executives of Bold Futures Nm and what are their salaries?
The average compensation at Bold Futures Nm during 2022 was $56,780. There are 16 employees at Bold Futures Nm.
Here are 7 key members and their salaries:
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- Other: $0
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- Compensation: $103,068
- Related: $0
- Other: $10,528
- Compensation: $71,760
- Related: $0
- Other: $8,402
Official website here: www.boldfuturesnm.org
Where can I find the form 990 for Bold Futures Nm?
Bold Futures Nm's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boldfuturesnm.org
Learn more at the official website: www.boldfuturesnm.org
Mission Statement of Bold Futures Nm
Bold Futures NM is an organization that is committed to spearheading policy changes, conducting research, facilitating place-based organizing, and fostering a culture shift, all in an effort to empower women and people of color in New Mexico. The organization centers its work around the lived experiences and expertise of those who are most affected by issues, engaging with individuals at the intersections of their identities. Bold Futures NM aims to establish communities where everyone has the resources and autonomy to make decisions about their own bodies and lives, and where everyone can live with respect and dignity.
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Impact
July, 2024
Bold Futures NM's impact is significant in leading policy change, research, place-based organizing, and culture shift in New Mexico for women and people of color. In 2022, their advocacy efforts supported the Indian Family Protection Act, which uplifts tribal sovereignty and expands protections for Native children and families impacted by the child welfare system. They collaborate with various stakeholders and engage in base-building with Black, Indigenous, Latin, and LGBTQ+ leaders to ensure that all voices are heard in their work. Bold Futures NM's work is centered on empowering communities to make real decisions about their own lives with respect and dignity.
This information is meant to be a general summary of Bold Futures Nm. 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: $31,971
- Program Service Revenue: $41,516
- Gross Receipts: $3,184,004
Assets and Liabilities:
- Total Assets: $3,626,710
- Total Liabilities: $209,600
- Net Assets: $3,417,110
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARNED INCOME
Revenue
$41,516
Organization Details
Founding Year
1999
Phone
(505) 831-8930Principal Officer
Charlene Bencomo
Main Address
309 GOLD AVE SW, ALBUQUERQUE, NM, 87102
Website
www.boldfuturesnm.orgNTEE Category
Code: P80 - Human services
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