EIN 85-4395064

New Mexico Community Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2019
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The New Mexico Community Trust manages and administers funds to benefit nonprofits and communities in New Mexico. They build, invest, and manage endowment funds to strategically enhance the quality of the state through grantmaking. In addition, they offer consulting services to other community foundations.
Total revenues
$10,280,145
2022
Total expenses
$9,445,424
2022
Total assets
$7,328,007
2022
Num. employees
0
2022

Program areas at New Mexico Community Trust

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. In 2022 the organization received a covid-19 federal grant to provide emergency rental assistance to New Mexico residents; these funds were distributed to approximately 40 agencies.

Grants made by New Mexico Community Trust

GranteeGrant descriptionAmount
Tenderlove Community CenterCovid-19 Emergency Rental Assistance Program$826,476
Esperanza ShelterCovid-19 Emergency Rental Assistance Program$825,781
Albuquerque Community FoundationCovid-19 Emergency Rental Assistance Program$627,189
...and 33 more grants made totalling $5,732,477

Who funds New Mexico Community Trust

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Annie E Casey Foundation (AECF)Support the New Mexico Community Trust's Housing Stability Program$75,000

Personnel at New Mexico Community Trust

NameTitleCompensation
R Randall RoysterPresident and Chief Executive Officer$0
Nicholas WilliamsChief Financial Officer$0
Marisa MagallanezVice President Strategy and Equity$0
William LangTreasurer$0
Kenneth LeachSecretary$0
...and 1 more key personnel

Financials for New Mexico Community Trust

RevenuesFYE 12/2022
Total grants, contributions, etc.$10,095,553
Program services$33,393
Investment income and dividends$115,765
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$35,434
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$10,280,145

Form 990s for New Mexico Community Trust

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-06990View PDF
2021-122022-11-15990View PDF
Data update history
January 21, 2024
Updated personnel
Identified 1 new personnel
January 14, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 29, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from Annie E Casey Foundation (AECF)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 3, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsCommunity foundationsCharities
Issues
Community improvement
Characteristics
Provides grantsPartially liquidatedState / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
300 Menaul Blvd NW A
Albuquerque, NM 87107
Metro area
Albuquerque, NM
Phone
(505) 883-6240
IRS details
EIN
85-4395064
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T31: Community Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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