EIN 85-4395064

New Mexico Community Trust

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2019
Most recent tax filings
2023-12-01
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.
Related structure
New Mexico Community Trust is a subordinate organization under Albuquerque Community Foundation.
Total revenues
$16,029,996
2023
Total expenses
$9,683,707
2023
Total assets
$11,221,185
2023
Num. employees
0
2023

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.

Grants made by New Mexico Community Trust

GranteeGrant descriptionAmount
New Mexico Legal Aid (NMLA)Covid-19 Emergency Rental Assistance Program$1,083,170
Center of Southwest CultureCovid-19 Emergency Rental Assistance Program$322,850
Albuquerque Community FoundationCovid-19 Emergency Rental Assistance Program$251,432
...and 44 more grants made totalling $6,213,257

Who funds New Mexico Community Trust

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Albuquerque Community FoundationGeneral Support$50,000
Jack Beaty Educational Scholarship FoundationScholarship$50,000

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
Carl AlongiChair$0
Kenneth LeachSecretary$0
...and 1 more key personnel

Financials for New Mexico Community Trust

RevenuesFYE 12/2023
Total grants, contributions, etc.$15,451,419
Program services$475,990
Investment income and dividends$76,480
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$26,107
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$16,029,996

Form 990s for New Mexico Community Trust

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-13990View PDF
2022-122023-11-06990View PDF
2021-122022-11-15990View PDF

Organizations like New Mexico Community Trust

OrganizationLocationRevenue
Finger Lakes Health FoundationGeneva, NY$7,034,460
Marinhealth FoundationGreenbrae, CA$6,496,559
Collier Community FoundationNaples, FL$52,218,014
Brophy Community FoundationPhoenix, AZ$10,259,881
Desert Community FoundationPalm Desert, CA$10,535,887
Central Montana FoundationLewistown, MT$5,019,493
Mercer County Civic FoundationCelina, OH$5,486,824
Whitefish Community FoundationWhitefish, MT$19,827,621
Community Foundation of Warren CountyWarren, PA$4,202,506
Houston Jewish Community FoundationHouston, TX$32,520,347
Data update history
July 14, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Jack Beaty Educational Scholarship Foundation
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
Nonprofit Types
Grantmaking organizationsCommunity foundationsChapter / child organizationsCharities
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
County
Bernalillo County, 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
Subordinate organization
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