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Albuquerque Community Foundation
Albuquerque Community Foundation reported $20.8 million in revenue and $12.2 million in expenses for calendar year 2024. Of every $100 it spent, $79.34 went to program services, $17.35 to management and general costs and $3.31 to fundraising. Its largest source of revenue was contributions and grants: 69.7% of the total. The highest compensation it reported for one person was $290,091 (PRESIDENT & CEO). 3 people received more than $100,000 in reportable compensation. Revenue rose 104% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $21MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.3% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.3% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.3% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 69.7% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.4% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $290,091 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.38% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 3 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 126.8 | 56.6 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHealth care - grants to support access to quality health care, including mental health and dental care, for uninsured, underinsured and medically underserved adults, children and the elderly.human services - grants to support programs providing direct assistance for vulnerable populations including at-risk children/youth; aid for people in transition or who are homeless to become self-sufficient; and nurturing families with an emphasis on the basic needs of food and shelter.256 different non-profit organizations received grants during the year
Arts and culture grants are given to support arts education, facilitate the stability of arts organizations, encourage the preservation of the community's cultural heritage, and recognize artistic achievement.55 different non-profit organizations received grants during the year
Educational grants to support a wide range of activities from early childhood through adult programs including special education, vocational and career training, and classroom innovation. Environmental and historic preservation grants focus on the environmental and agricultural economy and the preservation of historic landmarks, attractions, buildings, and venues.economic and workforce development grants support intentional, inventive efforts to ensure a strong local economy by promoting social, economic, and environmental growth for entrepreneurs and the state's workforce.238 non-profit…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 42.00 hrs/week | $239,154 | $0 | $50,937 | $290,091 |
| COO Officer, 42.00 hrs/week | $140,714 | $0 | $12,490 | $153,204 |
| CFO Officer, 42.00 hrs/week | $132,551 | $0 | $6,978 | $139,529 |
3 people received more than $100,000 in reportable compensation from Albuquerque Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $583K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b24 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 519
- Volunteers Part I, line 675
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| RVK INC Investment consultant | $118,910 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
9 private foundations reported grants to Albuquerque Community Foundation totaling $87,155 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Albuquerque Community Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Albuquerque Community Foundation, you can publish a response that is linked from this page.
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Of every $100 Albuquerque Community Foundation spent in 2024, $79.34 went to programs. The full breakdown, from its IRS Form 990:
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All philanthropy, voluntarism & grantmaking charities · Largest charities in New Mexico
Questions people ask
How much of Albuquerque Community Foundation's spending goes to programs?
In calendar year 2024, Albuquerque Community Foundation reported that 79.3% of its $12.2 million in expenses went to program services, 17.3% to management and general and 3.3% to fundraising (Form 990, Part IX).
How much does Albuquerque Community Foundation pay its top executive?
The largest total compensation Albuquerque Community Foundation reported for one person in calendar year 2024 was $290,091, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Albuquerque Community Foundation get its money?
Of $20.8 million in revenue in calendar year 2024, 69.7% came from contributions and grants and 3.4% from program service revenue (Form 990, Part VIII).
Is Albuquerque Community Foundation a registered charity?
The IRS lists EIN 85-0295444 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503209349300395 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443189349307769 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313109349303606 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203199349318495 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349306916 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349321834 · read the filing
All filings for EIN 85-0295444: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.