New Mexico Community Trust
- Assets
- $5.0m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- Data as of
- 12/2021
- EIN
- 85-4395064
Organization Overview
New Mexico Community Trust is located in Albuquerque, NM. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Community Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND ADMINISTER ENDOWMENT AND DONOR ADVISED FUNDS THAT WILL BENEFIT NEW MEXICO NONPROFITS AND NEW MEXICO COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD, INVEST AND MANAGE ENDOWMENT FUNDS TO ENHANCE THE QUALITY OF NEW MEXICO THROUGH INFORMED, STRATEGIC GRANTMAKING. THE ORGANIZATION ALSO PROVIDES CONSULTING AND OTHER SERVICES TO VARIOUS STATE COMMUNITY FOUNDATIONS AS A WAY OF HELPING OTHER ORGANIZATIONS IN NEED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Alongi Chair | OfficerTrustee | 0.5 | $0 |
William Lang Treasurer | OfficerTrustee | 0.25 | $0 |
R Randall Royster President & CEO | Officer | 2 | $0 |
Nicholas Williams CFO | Officer | 4 | $0 |
Kenneth Leach Secretary | Trustee | 0.25 | $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 | $5,010,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,010,428 |
| Total Program Service Revenue | $31,268 |
| 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 | $5,041,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $1,867 |
| Fees for services: Accounting | $2,158 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,618 |
| Advertising and promotion | $0 |
| Office expenses | $278 |
| 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 | $1,186 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,034,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,565 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,036,487 |
| Accounts payable and accrued expenses | $1,391 |
| 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 | $1,391 |
| Net assets without donor restrictions | $35,096 |
| Net assets with donor restrictions | $5,000,000 |
| 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 | $5,036,487 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Mexico Community Trust has recieved totaling $5,000,000.
| Awarding Organization | Amount |
|---|---|
J F Maddox Foundation Hobbs, NM PURPOSE: CTECH CONSTRUCTION | $5,000,000 |
View Grant Recipient Profile
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yosef Simsoly & Alisa Simsolo Foundation Beverly Hills, CA | $0 | $10,000,000 |
Parkway Village Inc Little Rock, AR | $46,357,587 | $10,218,970 |
Sonoma Country Day School Santa Rosa, CA | $32,285,253 | $10,759,837 |
Fuse Corps San Francisco, CA | $14,198,081 | $11,746,562 |
Douglass Community Services Inc Hannibal, MO | $3,361,431 | $10,312,306 |
Asian And Pacific Islander Wellness Center Inc San Francisco, CA | $9,826,509 | $16,014,921 |
Cox Health Systems Hmo Inc Springfield, MO | $37,618,692 | $12,571,299 |
New Orleans Jazz & Heritage Foundation Inc New Orleans, LA | $55,852,647 | $11,473,899 |
Independent Living Services Inc Conway, AR | $17,341,970 | $13,877,516 |
St Margarets New Orleans, LA | $35,749,079 | $9,811,309 |
Peking University Education Foundation Usa San Mateo, CA | $72,899,671 | $11,690,196 |
St Johns Volunteers San Mateo, CA | $10,199,259 | $10,484,623 |