Overview
What is New Mexico Community Trust?
New Mexico Community Trust is a nonprofit organization based in Albuquerque, New Mexico. Its primary mission is to manage and administer endowment and donor-advised funds, aiming to enhance the quality of life in New Mexico communities through strategic grantmaking. They provide consulting services to other state community foundations and, in 2022, received a federal grant to offer emergency rental assistance to New Mexico residents, distributing these funds to around 40 agencies. During the COVID-19 pandemic, the organization played a crucial role in supporting local residents, demonstrating its commitment to addressing pressing community needs.
Is New Mexico Community Trust legitimate?
New Mexico Community Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Community Trust 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: $0
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What is the mission statement of New Mexico Community Trust?
The New Mexico Community Trust's mission is focused on enhancing the quality of life in New Mexico. They achieve this by managing and administering endowment and donor-advised funds, which ultimately benefit local nonprofits and communities. Their strategic approach to grantmaking is informed and aims to make a significant impact. Additionally, the organization offers consulting and other services to various state community foundations to assist other organizations in need. In 2022, they received a COVID-19 federal grant, which they utilized to provide emergency rental assistance to New Mexico residents, distributing the funds to approximately 40 agencies.
Who is the CEO of New Mexico Community Trust?
R Randall Royster is the Chair of New Mexico Community Trust. The CEO's salary of New Mexico Community Trust is $0 and their total compensation is $285,126.
What is the revenue of New Mexico Community Trust?
New Mexico Community Trust's revenue in 2022 was $10,280,145.
Who are the executives of New Mexico Community Trust and what are their salaries?
There 3 volunteers at New Mexico Community Trust.
Here are 6 key members and their salaries (New Mexico Community Trust's CEO's salary is $0 and their total compensation is $285,126):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $256,615
- Other: $28,511
- Compensation: $0
- Related: $122,119
- Other: $11,661
- Compensation: $0
- Related: $109,137
- Other: $10,488
Where can I find the form 990 for New Mexico Community Trust?
New Mexico Community Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Mexico Community Trust
The New Mexico Community Trust, as a nonprofit organization, is dedicated to managing and administering endowment and donor-advised funds. Its primary mission is to enhance the quality of life in New Mexico communities by building, investing, and strategically managing these endowment funds. The organization's strategic grantmaking approach aims to make informed decisions that positively impact New Mexico nonprofits. In addition to its primary role, the New Mexico Community Trust also provides consulting and other services to various state community foundations, helping other organizations in need. In 2022, the organization received a COVID-19 federal grant, which it utilized to provide emergency rental assistance to New Mexico residents. These funds were distributed to approximately 40 agencies, further highlighting the organization's commitment to improving the lives of its community members.
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Impact
July, 2024
New Mexico Community Trust's impact is felt through its management and administration of endowment and donor-advised funds that benefit New Mexico's residents and communities. By building, investing, and strategically managing these funds, the organization enhances the quality of life in New Mexico through informed grantmaking. In addition to providing consulting services to various state community foundations, New Mexico Community Trust also received a COVID-19 federal grant in 2022 to provide emergency rental assistance to New Mexico residents. This grant facilitated the distribution of funds to approximately 40 agencies, demonstrating the organization's commitment to supporting its community in times of need.
This information is meant to be a general summary of New Mexico Community Trust. 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: $151,199
- Program Service Revenue: $33,393
- Gross Receipts: $10,756,466
Assets and Liabilities:
- Total Assets: $7,328,007
- Total Liabilities: $1,768,739
- Net Assets: $5,559,268
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING SERVICES
Revenue
$33,393
Organization Details
Founding Year
2019
Phone
(505) 883-6240Principal Officer
R Randall Royster
Main Address
300 MENAUL BLVD NW A, ALBUQUERQUE, NM, 871079951
NTEE Category
Code: T31 - Philanthropy
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