Nusenda Foundation
- Assets
- $3.0m
- Revenue
- $839.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 47-1284916
Organization Overview
Nusenda Foundation is located in Albuquerque, NM. The organization was established in 2014. According to its NTEE Classification (W12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nusenda 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 12/2021, Nusenda Foundation generated $839.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $675.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Nusenda Foundation has awarded 262 individual grants totaling $3,215,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE IMPACT THAT NUSENDA FEDERAL CREDIT UNION HAS MADE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION RECEIVES FUNDS FROM THE W.K. KELLOGG FOUNDATION TO SUPPORT THE GROWTH OF CO-OP CAPITAL. CO-OP CAPITAL IS AN INNOVATIVE, COMMUNITY-BASED MICROLOAN PROGRAM THAT DEMOCRATIZES ACCESS TO CAPITAL FOR LOW-INCOME, WOMEN, COMMUNITIES OF COLOR, AND OTHER UNDERSERVED BORROWERS BY ENLISTING TRUSTED COMMUNITY PARTNERS TO APPROVE LOANS. NUSENDA AND PARTNERS SUPPORT BORROWERS WITH FINANCIAL EDUCATION AND, AS NEEDED, BUSINESS DEVELOPMENT OPPORTUNITIES. THROUGH THESE STRATEGIC PARTNERSHIPS, CO-OP CAPITAL ALIGNS WITH NUSENDA'S MISSION TO REALIZE THE FULL POTENTIAL OF THE COMMUNITIES WE SERVE BY COLLABORATING ON INNOVATIVE SOLUTIONS TO IMPROVE EDUCATION, HEALTH, SOCIAL, AND ECONOMIC CONDITIONS.
THE FOUNDATION RECEIVES FUNDS GENERATED BY THE NUSENDA CREDIT UNION COMMUNITY REWARDS PROGRAM (COMMUNITY REWARDS), WHICH IS A CONTRIBUTION DRIVEN BY MEMBER DEBIT CARD TRANSACTIONS. MEMBERS HAVE THE OPPORTUNITY TO DIRECT THE CONTRIBUTIONS TOWARDS INVESTMENTS IN FIVE FOCUS AREAS WITH SPECIFIC COMMUNITIES: EDUCATION, HEALTHCARE, THE ARTS, WILDLIFE & ENVIRONMENT, AND COMMUNITY SERVICES & SUPPORT. THESE FUNDS ARE AWARDED TO ELIGIBLE CHARITABLE ENTITIES THROUGH THE FOUNDATION.
THE FOUNDATION IS A CROSS SECTOR PARTNER IN A MULTIYEAR INITIATIVE WITH LIVING CITIES, INC. TO IMPROVE THE WELL-BEING OF ALBUQUERQUE'S LOW-INCOME COMMUNITIES THROUGH THE ALBUQUERQUE INTEGRATION INITIATIVE, A COLLECTIVE IMPACT PROJECT THAT USES ENTREPRENEURSHIP AND INNOVATION AS A MECHANISM FOR JOB CREATION AND ECONOMIC MOBILITY. THE INTEGRATION INITIATIVE BRINGS TOGETHER AS MANY LOCAL STAKEHOLDER ORGANIZATIONS AS POSSIBLE TO DRIVE BROAD CHANGE THROUGHOUT THE CITY OF ALBUQUERQUE. NUSENDA FOUNDATION MAINTAINS THE FUNDS FOR THE INTEGRATION INITIATIVE AS WELL AS SEVERAL OF ITS SMALLER PARTNER PROGRAMS.
THE FOUNDATION RECEIVES FUNDS FROM SEVERAL PHILANTHROPIC ORGANIZATIONS TO SUPPORT A VARIETY OF EDUCATIONAL AND INNOVATIVE PROGRAMS. THESE PROGRAMS FOCUS ON FINANCIAL EDUCATION, COMMUNITY BASED MICRO LENDING, ASSET BUILDING, ECONOMIC INCLUSION, AND WORKFORCE DEVELOPMENT. THROUGH STRATEGIC PARTNERSHIPS AND INNOVATIVE PROGRAMMING, THESE FUNDS SUPPORT NUSENDA'S MISSION TO REALIZE THE FULL POTENTIAL OF THE COMMUNITIES WE SERVE BY COLLABORATING ON INNOVATIVE SOLUTIONS TO IMPROVE EDUCATION, HEALTH, SOCIAL, AND ECONOMIC CONDITIONS.
THE FOUNDATION RECEIVES FUNDS FROM THE W.K. KELLOGG FOUNDATION TO SUPPORT THE GROWTH OF CO-OP CAPITAL. CO-OP CAPITAL IS AN INNOVATIVE, COMMUNITY-BASED MICROLOAN PROGRAM THAT DEMOCRATIZES ACCESS TO CAPITAL FOR LOW-INCOME, WOMEN, COMMUNITIES OF COLOR, AND OTHER UNDERSERVED BORROWERS BY ENLISTING TRUSTED COMMUNITY PARTNERS TO APPROVE LOANS. NUSENDA AND PARTNERS SUPPORT BORROWERS WITH FINANCIAL EDUCATION AND, AS NEEDED, BUSINESS DEVELOPMENT OPPORTUNITIES. THROUGH THESE STRATEGIC PARTNERSHIPS, CO-OP CAPITAL ALIGNS WITH NUSENDA'S MISSION TO REALIZE THE FULL POTENTIAL OF THE COMMUNITIES WE SERVE BY COLLABORATING ON INNOVATIVE SOLUTIONS TO IMPROVE EDUCATION, HEALTH, SOCIAL, AND ECONOMIC CONDITIONS.
THE FOUNDATION RECEIVES FUNDS GENERATED BY THE NUSENDA CREDIT UNION COMMUNITY REWARDS PROGRAM (COMMUNITY REWARDS), WHICH IS A CONTRIBUTION DRIVEN BY MEMBER DEBIT CARD TRANSACTIONS. MEMBERS HAVE THE OPPORTUNITY TO DIRECT THE CONTRIBUTIONS TOWARDS INVESTMENTS IN FIVE FOCUS AREAS WITH SPECIFIC COMMUNITIES: EDUCATION, HEALTHCARE, THE ARTS, WILDLIFE & ENVIRONMENT, AND COMMUNITY SERVICES & SUPPORT. THESE FUNDS ARE AWARDED TO ELIGIBLE CHARITABLE ENTITIES THROUGH THE FOUNDATION.
THE FOUNDATION IS A CROSS SECTOR PARTNER IN A MULTIYEAR INITIATIVE WITH LIVING CITIES, INC. TO IMPROVE THE WELL-BEING OF ALBUQUERQUE'S LOW-INCOME COMMUNITIES THROUGH THE ALBUQUERQUE INTEGRATION INITIATIVE, A COLLECTIVE IMPACT PROJECT THAT USES ENTREPRENEURSHIP AND INNOVATION AS A MECHANISM FOR JOB CREATION AND ECONOMIC MOBILITY. THE INTEGRATION INITIATIVE BRINGS TOGETHER AS MANY LOCAL STAKEHOLDER ORGANIZATIONS AS POSSIBLE TO DRIVE BROAD CHANGE THROUGHOUT THE CITY OF ALBUQUERQUE. NUSENDA FOUNDATION MAINTAINS THE FUNDS FOR THE INTEGRATION INITIATIVE AS WELL AS SEVERAL OF ITS SMALLER PARTNER PROGRAMS.
THE FOUNDATION RECEIVES FUNDS FROM SEVERAL PHILANTHROPIC ORGANIZATIONS TO SUPPORT A VARIETY OF EDUCATIONAL AND INNOVATIVE PROGRAMS. THESE PROGRAMS FOCUS ON FINANCIAL EDUCATION, COMMUNITY BASED MICRO LENDING, ASSET BUILDING, ECONOMIC INCLUSION, AND WORKFORCE DEVELOPMENT. THROUGH STRATEGIC PARTNERSHIPS AND INNOVATIVE PROGRAMMING, THESE FUNDS SUPPORT NUSENDA'S MISSION TO REALIZE THE FULL POTENTIAL OF THE COMMUNITIES WE SERVE BY COLLABORATING ON INNOVATIVE SOLUTIONS TO IMPROVE EDUCATION, HEALTH, SOCIAL, AND ECONOMIC CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Lopez Secretary | OfficerTrustee | 1 | $0 |
Cindy Dees Vice Chair | OfficerTrustee | 1 | $0 |
Michael Hoodless Treasurer | OfficerTrustee | 1 | $0 |
Sara Keller Executive Director/chair | OfficerTrustee | 1 | $0 |
June Manning Director | Trustee | 1 | $0 |
Chriselle Martinez Director (through 4/15/21) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $536,613 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $212,805 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $749,418 |
| Total Program Service Revenue | $0 |
| Investment income | $38,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $51,643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $839,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $626,523 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,880 |
| Fees for services: Other | $34,031 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $5,825 |
| 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 | $1,486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $675,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $398,914 |
| Savings and temporary cash investments | $57,467 |
| 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 | $0 |
| Investments—publicly traded securities | $2,518,308 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,974,689 |
| Accounts payable and accrued expenses | $16,598 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $39,950 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $56,548 |
| Net assets without donor restrictions | $432,365 |
| Net assets with donor restrictions | $2,485,776 |
| 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 | $2,974,689 |
Grants Awarded
Over the last fiscal year, Nusenda Foundation has awarded $909,750 in support to 126 organizations.
| Grant Recipient | Amount |
|---|---|
Albuquerque, NM PURPOSE: GRANTS, EDUCATION, UNIVERSITY OF NEW MEXICO FOUNDATION INC- INNOVATION ACADEMY ($22,978); GRANTS, HEALTHCARE, UNIVERSITY OF NEW MEXICO FOUNDATION INC - CARE ITEMS ($12,600) | $35,578 |
Albuquerque, NM PURPOSE: GRANTS, EDUCATION, UNIVERSITY OF NEW MEXICO FOUNDATION INC- INNOVATION ACADEMY ($22,978); GRANTS, HEALTHCARE, UNIVERSITY OF NEW MEXICO FOUNDATION INC - CARE ITEMS ($12,600) | $35,578 |
Santa Fe, NM PURPOSE: GRANTS, CAPACITY SUPPORT | $30,000 |
Santa Fe, NM PURPOSE: GRANTS, CAPACITY SUPPORT | $30,000 |
Albuquerque, NM PURPOSE: GRANT, OPERATIONAL SUPPORT, EDUCATION. APS EDUCATION FOUNDATION GRANT PROGRAMS | $15,000 |
Albuquerque, NM PURPOSE: GRANT, OPERATIONAL SUPPORT, EDUCATION. APS EDUCATION FOUNDATION GRANT PROGRAMS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nusenda Foundation has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaleo Foundation Oklahoma City, OK | $289,356 | $10,074,414 |
Thiry-O Leary Foundation Denver, CO | $29,831,272 | $623,611 |
Seal Legacy Foundation Austin, TX | $170,082 | $2,286,086 |
Ann L Rhodes And Carol Greene Rhodes Charitable Tr Dallas, TX | $35,343,894 | $5,681,948 |
Boot Campaign Inc Dallas, TX | $2,111,579 | $2,406,130 |
Nusenda Foundation Albuquerque, NM | $2,974,689 | $839,894 |
Aid The Silent Boerne, TX | $604,363 | $626,209 |
Reach Out Honduras Inc McKinney, TX | $460,182 | $516,327 |
Colorado Springs Osteopathic Foundation Colorado Springs, CO | $7,817,695 | $672,672 |
N-Star Events Inc Austin, TX | $48,682 | $512,909 |
Ce Shop Foundation Greenwood Village, CO | $68,658 | $421,017 |
Shootout For Soldiers Inc Houston, TX | $202,368 | $354,670 |