New Mexico Community Capital
- Assets
- $12.8m
- Revenue
- $2.8m
- Investments
- $16.9k
- Employees
- 6
- Location
- Albuquerque, NM
- Founding
- 11/2005
- Data as of
- 12/2021
- EIN
- 20-1798654
Organization Overview
New Mexico Community Capital is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, New Mexico Community Capital employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Community Capital is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Mexico Community Capital generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 12.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL WELFARE, ALLEVIATE POVERTY AND LESSEN THE BURDENS OF GOVERNMENT THROUGH FINANCIAL ASSISTANCE, EQUITY INVESTMENTS, LOANS, AND OTHER AID DESIGNED TO IMPROVE THE ECONOMIC WELL BEING OF NEW MEXICO RESIDENTS PARTICULARLY FOR LOW-INCOME INDIVIDUALS IN ECONOMICALLY UNDERSERVED AREAS OF NEW MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL BUSINESS BASICS (KELLOGG) - OUR FBB PROGRAM IS DESIGNED TO BUILD A SOLID FOUNDATION TO FORM AND GROW BUSINESS IDEAS WITH A PERSONAL FINANCIAL PLAN FOR SUCCESS. PARTICIPANTS LEARN TOOLS TO EFFECTIVELY CONCEPTUALIZE, PLAN AND IMPLEMENT THEIR FINANCIAL GOALS AND BUSINESS IDEAS THROUGH HANDS-ON LEARNING EXPERIENCES WITH A COMMUNITY OF PEERS AND MENTORS.THIS PROGRAM IS FINANCED THROUGH GRANTS AND CONTRIBUTIONS.
BUSINESS AND MARKETING ESSENTIALS (BME) EQUALITY CAN'T WAIT (ECW) - BUSINESS SERVICES - PROVIDING MANAGEMENT RESOURCES TO QUALIFYING BUSINESS, PARTICULARLY IN UNDER-INVESTED AREAS.
USDA - THE GOALS OF THE NATIVE AGRIBUSINESS AND FOOD SECURITY INITIATIVE (NAFSI) ARE TO SUPPORT AT LEAST 25 NATIVE FARMERS IN WESTERN PUEBLO COMMUNITIES DEVELOP AND GROW THEIR FARM BUSINESSES TO AGGREGATE FOR 10 NEW WHOLESALE MARKETS, AND TO DEVELOP 12 NEW FOOD ACCESS POINTS THAT SERVE TRIBAL COMMUNITY MEMBERS. ACCESS POINTS WILL BE PROVIDED THROUGH MOGRO'S HEALTHY FOOD DELIVERY PROGRAM AT NATIVE COMMUNITY HEALTH AND WELLNESS CENTERS, AS WELL AS THROUGH FARM STANDS AND MARKETS. NAFSI WILL INCREASE LOCAL FOOD SALES BY 50% (TO $127,500 ANNUALLY) BY THE END OF THE PROJECT AND PROVIDE 24 TRAININGS TO NATIVE FARMERS WITH FSMA-COMPLIANT CURRICULA AND BUSINESS TECHNICAL SERVICES.THIS PROGRAM IS FINANCED THROUGH GRANTS AND CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liz Gamboa Executive Director | Officer | 40 | $109,863 |
J Michael Schafer Fund Managing Director | Officer | 40 | $91,660 |
Thad Porch CFO | Officer | 5 | $29,666 |
Kip Ritchie Chair | OfficerTrustee | 2 | $0 |
M Gayle Watson Secretary | OfficerTrustee | 2 | $0 |
Stuart Rose Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roanhorse Consulting Llc Grant Required Consulting Services | 12/30/21 | $153,520 |
Alicia Ortega Grant Required Services | 12/30/21 | $155,076 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $963,717 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,682,809 |
| Noncash contributions included in lines 1a–1f | $24,873 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,646,526 |
| Total Program Service Revenue | $173,386 |
| Investment income | $4,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,123 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,840,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $848,709 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $277,569 |
| Compensation of current officers, directors, key employees. | $67,980 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,263 |
| Payroll taxes | $26,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$1,345 |
| Fees for services: Accounting | $15,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $640,919 |
| Advertising and promotion | $4,396 |
| Office expenses | $81,031 |
| Information technology | $23,832 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,739 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,767 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,402 |
| All other expenses | $24,873 |
| Total functional expenses | $2,174,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,927,920 |
| Savings and temporary cash investments | $6,050,272 |
| Pledges and grants receivable | $231,911 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $71,129 |
| Inventories for sale or use | $9,072 |
| Prepaid expenses and deferred charges | $18,735 |
| Net Land, buildings, and equipment | $17,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,887 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $410,284 |
| Total assets | $12,754,152 |
| Accounts payable and accrued expenses | $1,558,180 |
| Grants payable | $0 |
| Deferred revenue | $9,739,415 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,297,595 |
| Net assets without donor restrictions | $645,540 |
| Net assets with donor restrictions | $811,017 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,754,152 |
Grants Awarded
Over the last fiscal year, New Mexico Community Capital has awarded $848,709 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NATIVE WOMEN LEAD PURPOSE: ECW SUBGRANT - WAS TO BUILD/MANAGE A FUND FOR NATIVE WOMEN ENTREPREUERS, CREATE CURRICULM FOR A FUND MANAGER FELLOWSHIP PROGRAM, HOST WEEKLY VIRTUAL SUMMITS.OVERALL PURPOSE OF KELLOGG SUBGRANT:1) INCREASE THE ECONOMIC OPPORTUNITY AND WELL-BEING FOR NATIVE ENTREPRENEURS IN NEW MEXICO.2) LEVERAGE AND INITIATE SYSTEMS OF CHANGE THROUGH POLICY ADVOCACY (NOT LOBBYING), INFORMED RESEARCH, AND COALITION AND MOVEMENT BUILDING WORK.3) INCREASE BUSINESS CAPITAL TO NATIVE ENTREPRENEURS BY PROVIDING AND EXPANDING RELATIONSHIP-BASED LENDING.4) INCREASED CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH CLOUD-BASED TECHNOLOGY TRAINING, A NATIVE AMERICAN ONLINE MARKETPLACE, COMMUNITY-LED CONVENINGS, AND BUSINESS INCUBATION TAILORED TO THE NEEDS OFNATIVE ENTREPRENEURS. | $459,243 |
Laguna, NM PURPOSE: KELLOGG SUBGRANT:1) INCREASE THE ECONOMIC OPPORTUNITY AND WELL-BEING FOR NATIVE ENTREPRENEURS IN NEW MEXICO.2) LEVERAGE AND INITIATE SYSTEMS OF CHANGE THROUGH POLICY ADVOCACY (NOT LOBBYING), INFORMED RESEARCH, AND COALITION AND MOVEMENT BUILDING WORK.3) INCREASE BUSINESS CAPITAL TO NATIVE ENTREPRENEURS BY PROVIDING AND EXPANDING RELATIONSHIP-BASED LENDING.4) INCREASED CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH CLOUD-BASED TECHNOLOGY TRAINING, A NATIVE AMERICAN ONLINE MARKETPLACE, COMMUNITY-LED CONVENINGS, AND BUSINESS INCUBATION TAILORED TO THE NEEDS OFNATIVE ENTREPRENEURS. | $194,733 |
CHANGE LABS PURPOSE: KELLOGG SUBGRANT :1) INCREASE THE ECONOMIC OPPORTUNITY AND WELL-BEING FOR NATIVE ENTREPRENEURS IN NEW MEXICO.2) LEVERAGE AND INITIATE SYSTEMS OF CHANGE THROUGH POLICY ADVOCACY (NOT LOBBYING), INFORMED RESEARCH, AND COALITION AND MOVEMENT BUILDING WORK.3) INCREASE BUSINESS CAPITAL TO NATIVE ENTREPRENEURS BY PROVIDING AND EXPANDING RELATIONSHIP-BASED LENDING.4) INCREASED CAPACITY BUILDING AND TECHNICAL ASSISTANCE THROUGH CLOUD-BASED TECHNOLOGY TRAINING, A NATIVE AMERICAN ONLINE MARKETPLACE, COMMUNITY-LED CONVENINGS, AND BUSINESS INCUBATION TAILORED TO THE NEEDS OFNATIVE ENTREPRENEURS. | $194,733 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that New Mexico Community Capital has recieved totaling $329,968.
| Awarding Organization | Amount |
|---|---|
Novo Foundation Kingston, NY PURPOSE: GENERAL SUPPORT | $90,000 |
United States Energy Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE. | $50,000 |
The Schmidt Family Foundation Palo Alto, CA PURPOSE: FOSTERING YOUTH DEVELOPMENT AND LEADERSHIP | $40,000 |
Zebras Unite Portland, OR PURPOSE: To further organizations mission | $40,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: Support for the charitable activities for Native W | $33,333 |
Vilcap Inc Houston, TX PURPOSE: FINANCIAL SUPPORT FOR EARLY-STAGE SOCIAL VENTURE COMMITTED TO PROMOTING EQUITY AND ECONOMIC WELL-BEING. | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icast Internationl Center For Appropriate & Sustanabl Technology Lakewood, CO | $9,165,224 | $20,236,331 |
Rural Enterprises Of Oklahoma Inc Durant, OK | $41,908,355 | $15,173,432 |
Central Oklahoma Economic Development District Shawnee, OK | $5,863,107 | $4,724,858 |
Urban Partnerships Community Development Corporation Pearland, TX | $13,389,393 | $5,000,952 |
New Mexico Community Capital Albuquerque, NM | $12,754,152 | $2,840,640 |
Southern Arizona Land Trust Inc Tucson, AZ | $20,281,486 | $2,439,910 |
Texas Rural Funders Austin, TX | $461,661 | $1,275,314 |
Centro Por La Justicia San Antonio, TX | $1,103,116 | $899,952 |
Northwest Douglas County Economic Development Corporation Highlands Ranch, CO | $400,033 | $401,030 |
Texas Rural Communities Inc Buda, TX | $8,589,466 | $617,251 |
Southwest Tribal Fisheries Commission Inc Ignacio, CO | $746,144 | $339,492 |
Taos County Economic Development Corporation Taos, NM | $736,271 | $161,222 |