Las Vegas New Mexico Community Foundation
- Assets
- $267.0k
- Revenue
- $274.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NM
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-1340450
Organization Overview
Las Vegas New Mexico Community Foundation is located in Las Vegas, NM. The organization was established in 2017. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Las Vegas New Mexico Community 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, Las Vegas New Mexico Community Foundation generated $274.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 39.5% each year . All expenses for the organization totaled $121.1k during the year ending 12/2021. While expenses have increased by 27.4% per year over the past 3 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 PROVIDE GRANTS TO AREA NONPROFIT ORGANIZATIONS TO ASSIST THEM IN FULFILLING THEIR MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS TO AREA NONPROFIT ORGANIZATIONS TO ASSIST THEM IN FULFILLING THEIR MISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Ratzlaff Treasurer | Trustee | 2 | $0 |
Richard Lindeborg Secretary | Trustee | 2 | $0 |
Carla Romero Director | Trustee | 2 | $0 |
Allen Affeldt Director | Trustee | 2 | $0 |
Elmo Baca Chairman | Trustee | 15 | $0 |
Lorraine Martinez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $263,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,350 |
| Total Program Service Revenue | $0 |
| Investment income | $4,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,278 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $96,240 |
| 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 | $2,729 |
| Fees for services: Accounting | $461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,085 |
| Advertising and promotion | $2,796 |
| Office expenses | $3,225 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $769 |
| All other expenses | $146 |
| Total functional expenses | $121,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,129 |
| Savings and temporary cash investments | $0 |
| 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 | $236,878 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $267,007 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $147,007 |
| Net assets with donor restrictions | $120,000 |
| 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 | $267,007 |
Grants Awarded
Over the last fiscal year, Las Vegas New Mexico Community Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Sapello, NM | | $23,000 |
WEST LAS VEGAS SCHOOLS PURPOSE: EDUCATION | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Las Vegas New Mexico Community Foundation has recieved totaling $36,750.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $34,750 |
Shell Oil Company Foundation Houston, TX PURPOSE: MG | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arlington Tomorrow Foundation Arlington, TX | $100,083,582 | $21,077,452 |
Center Of Excellence Properties Fund Park City, UT | $16,676,894 | $2,196,000 |
Black Tie Dinner Inc Dallas, TX | $245,672 | $1,497,518 |
Sunshine Acres Childrens Home Charitable Foundation Inc Mesa, AZ | $38,105,629 | $1,343,815 |
Texas Medical Association Foundation Austin, TX | $16,598,953 | $2,226,990 |
State Council Charities Austin, TX | $2,067,797 | $1,066,934 |
The Mariinsky Foundation Of America Inc Phoenix, AZ | $261,174 | $246,717 |
Karma House Inc Lakewood, CO | $116,676 | $590,257 |
Better Business Bureau Of Metropolitan Houston Educational F Houston, TX | $1,320,064 | $600,627 |
River Oaks Foundation Inc Houston, TX | $1,077,805 | $586,308 |
Ifma Foundation Houston, TX | $1,376,827 | $594,549 |
Rotary Club Of New Braunfels Foundation New Braunfels, TX | $243,912 | $368,541 |