EIN 20-1798654

New Mexico Community Capital

IRS 501(c) type
501(c)(3)
Num. employees
6
Year formed
2004
Most recent tax filings
2022-12-01
Description
New Mexico Community Capital promotes economic well-being for low-income individuals through financial assistance, equity investments, and online marketplaces.
Total revenues
$5,157,855
2022
Total expenses
$3,530,875
2022
Total assets
$13,279,513
2022
Num. employees
6
2022

Program areas at New Mexico Community Capital

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.
Indigenous economic wellbeing alliance (kellogg #2)- we are an emerging alliance of native-owned and native led organizations leveraging our collective ingenuity, networks, Capital, and resources to support indigenous entrepreneurs.
Native farmers in residence (native american agriculture fund/erme) - the native farmers in residence (nfir) program provides a culturally appropriate, supportive place for native american farmers to gain confidence, grow, and become successful.this program is financed through grants and contributions.
Indigiexchange - an online marketplace for native entrepreneurs connected to our programs.the indigiexchange marketplace gives rise to fbb participants by supporting entrepreneurs with selling, pricing, negotiating, and digital marketing. We negotiate contracts to pay participants up front and work with them to determine a fair price and profit margin. All sales are reinvested into buying more products with a percentage used to fund a small native entrepreneur fund to support makers with micro grants that help support their business. With your purchase, you can support work that allows us to collectively buy, sell, barter and trade which multiplies value and revitalizes our indigenous economies.this program has become self-sufficient.
Fiscal services - fiscal sponsorship services are provided to companies in the Community who have a non-profit mission, many of which are in the process of getting their own 501(c)3 status. This program is financed through a percentage of the grants sponsorees receive.

Grants made by New Mexico Community Capital

GranteeGrant descriptionAmount
Change LabsKellogg 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.$486,833
Native Community FinanceKellogg 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.$460,300

Who funds New Mexico Community Capital

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
W.K. Kellogg Foundation (WKKF)Strengthen Native Self-Determination Through Tribal Entrepreneurship in Both Rural and Urban Communities, and Catalyze Culturally Designed Coalition Efforts Focused on Policy, Research, and Movement Building Intended To Benefit Native Families$1,500,000
Silicon Valley Community Foundation (SVCF)Community Development$525,000
Target FoundationEconomic Opportunity - National (Ecosystem)$250,000
...and 20 more grants received totalling $3,426,862

Personnel at New Mexico Community Capital

NameTitleCompensation
Thad PorchChief Financial Officer$33,635
J Michael SchaferFund Managing Director$12,280
Liz GamboaExecutive and Fund Managing Director$105,991
Cj MoyaDirector of Finance
Jake ForemanProgram Director
...and 11 more key personnel

Financials for New Mexico Community Capital

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,721,202
Program services$293,007
Investment income and dividends$60,381
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$6,840
Miscellaneous revenues$76,425
Total revenues$5,157,855

Form 990s for New Mexico Community Capital

Fiscal year endingDate received by IRSFormPDF link
2022-122023-08-28990View PDF
2021-122022-08-31990View PDF
2020-122021-07-12990View PDF
2019-122020-09-22990View PDF
2018-122019-09-27990View PDF
...and 9 more Form 990s

Organizations like New Mexico Community Capital

OrganizationLocationRevenue
Colorado Enterprise Fund (CEF)Denver, CO$16,879,154
Valley PartnersYoungstown, OH$7,559,367
PACE Finance CorporationLos Angeles, CA$4,424,340
Community Investment Fund of IndianaIndianapolis, IN$2,295,698
Community Loan Fund of New JerseyNew Brunswick, NJ$18,328,900
Boston Community Capital Venture FundBoston, MA$7,927,140
St Croix Foundation for Community DevelopmentChristiansted, VI$1,906,147
Partners for the Common GoodWashington, DC$4,280,450
Legacy Redevelopment CorporationMilwaukee, WI$1,699,010
Newwest Community CapitalBoise, ID$3,085,847
Data update history
February 3, 2024
Received grants
Identified 13 new grant, including a grant for $525,000 from Silicon Valley Community Foundation (SVCF)
November 12, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 25, 2023
Used new vendors
Identified 2 new vendors, including , and
October 24, 2023
Received grants
Identified 16 new grant, including a grant for $1,500,000 from W.K. Kellogg Foundation (WKKF)
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Provides grantsState / local levelReceives government fundingTax deductible donationsFiscal sponsor
General information
Address
301 Gold Ave SW 102
Albuquerque, NM 87102
Metro area
Albuquerque, NM
Website URL
nmccap.org/ 
Phone
(505) 924-2820
IRS details
EIN
20-1798654
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
Free account sign-up

Want updates when New Mexico Community Capital has new information, or want to find more organizations like New Mexico Community Capital?

Create free Cause IQ account