Alice King Community School Foundation
- Assets
- $6.1m
- Revenue
- $537.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 03/2008
- Data as of
- 06/2021
- EIN
- 26-0902688
Organization Overview
Alice King Community School Foundation is located in Albuquerque, NM. The organization was established in 2008. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alice King Community School Foundation 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 06/2021, Alice King Community School Foundation generated $537.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $581.2k during the year ending 06/2021. 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
THE FOUNDATION WAS FORMED TO PROVIDE FUNDING AND OTHER MEANS OF SUPPORT TO AKCS, TO PROVIDE A SCHOOL WHERE STUDENTS THRIVE ACADEMICALLY AND SOCIALLY THROUGH A STRONG EDUCATIONAL PROGRAM BASED UPON A STRUCTURED CURRICULUM SUPPORTED BY DISCIPLINE AND MUTUAL RESPECT. THE INITIAL AND CONTINUING FOCUS OF THE FOUNDATIONS IS TO SUPPORT THE EDUCATIONAL PURSUITS OF STUDENTS BY PROVIDING FUNDING FOR PROGRAMMING, FACILITY ENHANCEMENTS AND SUPPLEMENTAL FACILITY RESOURCES. REALIZING THAT ALICE KING COMMUNITY SCHOOL AND ITS FAMILIES BENEFIT FROM PARTICIPATION IN THE GREATER COMMUNITY THE FOUNDATION ALSO ENDEAVORS TO PROVIDE OPPORTUNITIES TO ENRICH THE QUALITY OF LIFE IN THE SURROUNDING REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT TO THE ALBUQUERQUE MUNICIPAL SCHOOL DISTRICT, WHICH INCLUDES MAKING BOND PAYMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Rey Romero President | OfficerTrustee | 5 | $0 |
Robyn Mass Secretary | OfficerTrustee | 5 | $0 |
Benjamin A Martinez CPA Treasurer | OfficerTrustee | 5 | $0 |
Lauren Hall Member | Trustee | 5 | $0 |
Chelanna Carter Member | Trustee | 5 | $0 |
Magda Martinez-Baca Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,351 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,480 |
| Total Program Service Revenue | $523,597 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,077 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,272 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,171 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $420,724 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,735 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $581,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,562 |
| Savings and temporary cash investments | $821,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,267,499 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,111,128 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $6,525,000 |
| 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 | $208,665 |
| Total liabilities | $6,733,665 |
| Net assets without donor restrictions | -$622,537 |
| Net assets with donor restrictions | $0 |
| 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 | $6,111,128 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Alice King Community School Foundation has recieved totaling $3,099.
| Awarding Organization | Amount |
|---|---|
Arizona Foundation For Educational Advancement Phoenix, AZ PURPOSE: SUPPORT THE EDUCATIONAL PURSUITS OF STUDENTS (@ AKCS) BY PROVIDING FUNDING FOR PROGRAMMING, FACILITY ENHACEMENTS AND SUPPLEMENTAL RESOURCES | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $599 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado State University Foundation Fort Collins, CO | $706,044,439 | $163,322,590 |
Texas A & M Research Foundation College Station, TX | $17,651,760 | $64,742,890 |
Vanguard Academy Pharr, TX | $58,411,993 | $65,696,988 |
Southwestern Medical Foundation Dallas, TX | $1,318,497,986 | $133,001,887 |
Unm Rainforest Innovations Albuquerque, NM | $22,586,721 | $58,002,418 |
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
Colorado School Of Mines Foundation Golden, CO | $425,843,908 | $49,131,943 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
American Indian College Fund Denver, CO | $151,570,496 | $57,441,920 |
Lincoln Institute Of Land Policy Phoenix, AZ | $774,885,329 | $64,138,879 |
Asu Enterprise Partners Tempe, AZ | $381,094,670 | $23,987,399 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |