Overview
What is Sandia Foundation?
Sandia Foundation is a nonprofit organization situated in Albuquerque, New Mexico. Established with a purpose to honor the will of Hugh B. Woodward, the foundation generates income through investments in real estate and securities. This income is then distributed among its beneficiaries, which include Dickinson College, the University of New Mexico, and various charities in Albuquerque. The foundation's primary mission is to distribute these funds, ensuring that the legacy of Hugh B. Woodward continues to support education and local charities. With a small team of four employees, Sandia Foundation plays a significant role in contributing to these beneficiaries' ongoing operations.
Official website here: www.sandiafoundation.org
Is Sandia Foundation legitimate?
Sandia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sandia 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: $276,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $158,106
For more financial information, click here
Official website here: www.sandiafoundation.org
What is the mission statement of Sandia Foundation?
The Sandia Foundation's mission is centered around generating income through real estate and securities investments. The primary objective of these investments is to accumulate funds, which are then distributed to its beneficiaries. The foundation adheres to the wishes of its founder, Hugh B. Woodward, and distributes the funds to Dickinson College, the University of New Mexico, and various Albuquerque charities. The distributions amount to 1,687,500 dollars for each of the first two beneficiaries and 375,000 dollars for the remaining charities.
Official website here: www.sandiafoundation.org
Who is the CEO of Sandia Foundation?
Riis Gonzales is the Chair of Sandia Foundation.
Official website here: www.sandiafoundation.org
What is the revenue of Sandia Foundation?
Sandia Foundation's revenue in 2023 was $6,107,064.
Official website here: www.sandiafoundation.org
Who are the executives of Sandia Foundation and what are their salaries?
The average compensation at Sandia Foundation during 2023 was $108,690. There are 4 employees at Sandia Foundation.
Here are 16 key members and their salaries:
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $116,626
- Other: $18,089
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $4,000
- Related: $0
- Other: $0
- Compensation: $249,147
- Related: $0
- Other: $27,496
Official website here: www.sandiafoundation.org
Where can I find the form 990 for Sandia Foundation?
Sandia Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sandiafoundation.org
Learn more at the official website: www.sandiafoundation.org
Mission Statement of Sandia Foundation
The Sandia Foundation, established according to the will of Hugh B. Woodward, is primarily focused on generating income through investments in real estate and securities. This income is then distributed to its beneficiaries, which include Dickinson College, the University of New Mexico, and various charities based in Albuquerque. The foundation follows this distribution strategy to honor Woodward's wishes and contribute to the betterment of these organizations. The Sandia Foundation's mission is to serve as a financial conduit, using its investment earnings to support the selected beneficiaries in their respective endeavors.
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Impact
October, 2024
The Sandia Foundation plays a significant role in supporting education and community initiatives through its strategic approach to generating income from real estate and securities investments. The foundation's impact is highlighted by its financial contributions to key beneficiaries, including Dickinson College and the University of New Mexico, each receiving substantial support of $1,687,500. Additionally, it allocates $375,000 to various Albuquerque charities, enriching the local community.
Through these distributions, the Sandia Foundation fosters educational opportunities and enhances resources for academic institutions, ensuring that students have access to quality education and support services. Its commitment to contributing to both higher education and local charities demonstrates a collaborative effort to uplift and empower individuals and communities in New Mexico.
This information is meant to be a general summary of Sandia 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 2023.
- Investment Income: $3,239,023
- Gross Receipts: $10,164,607
Assets and Liabilities:
- Total Assets: $106,716,964
- Total Liabilities: $5,827,366
- Net Assets: $100,889,598
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Organization Details
Founding Year
1948
Phone
(505) 242-2684Principal Officer
Riis Gonzales
Main Address
6211 SAN MATEO BLVD NE SUITE 100, ALBUQUERQUE, NM, 87109
Website
www.sandiafoundation.orgNTEE Category
Code: B120 - Education
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