Home › Philanthropy, voluntarism & grantmaking
New Mexico Community Foundation
Also known as New Mexico Foundation
New Mexico Community Foundation reported $34.9 million in revenue and $11.2 million in expenses for calendar year 2024. Of every $100 it spent, $89.63 went to program services, $10.25 to management and general costs and $0.12 to fundraising. Its largest source of revenue was contributions and grants: 91.6% of the total. The highest compensation it reported for one person was $117,903 (FINANCE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue rose 454% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor 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 $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.6% | 90.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.2% | 6.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.1% | 1.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.6% | 79.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.9% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 3.5% | 0.0% |
| Highest reported compensation Part VII-A, columns D–F | $117,903 | $325,675 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.05% | 1.56% |
| People paid over $100,000 Part VII, line 2 | 1 | 3 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 58.5 | 56.6 |
| Independent voting board members Part VI 1a–1b | 8 of 8 | 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 expenseProgram & fundraising - nmcf manages endowed and non-permanent donor advised, agency, scholarship, designated, community advised, and field of interest funds that address a wide range of issues: education, rural development, native philanthropy and entrepreneurship, women, children, and families, environment, community leadership, civic engagement, and health and wellness
Grants - nmcf pools resources to support New Mexico's most underserved communities, strengthen New Mexico's nonprofits, and grow philanthropy - especially in rural New Mexico. We connect donors to valuable projects and vulnerable communities, and work to be responsive to current, and often urgent, community needs. Nmcf initiated and ran philanthropic programs and activities that addressed issues that ranged from rural economies and promoting native leadership to ensuring equality for women and families. Nmcf did this by building relationships with community leaders, nonprofits, donors and…
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 |
|---|---|---|---|---|
| FINANCE DIRECTOR Officer, 40.00 hrs/week | $117,903 | $0 | $0 | $117,903 |
| PRESIDENT AND CEO Officer, 40.00 hrs/week | $94,644 | $0 | $4,457 | $99,101 |
1 people received more than $100,000 in reportable compensation from New Mexico Community Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $217K (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–1b8 · 8 independent
- Audited financial statements Part XII 2bNo
- 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 14bNo
- Employees Part I, line 514
- Volunteers Part I, line 68
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ROANHORSE CONSULTING LLC Administrative consultation services | $111,373 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to New Mexico Community Foundation totaling $2.6M 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 New Mexico 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 New Mexico Community Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 New Mexico Community Foundation spent in 2024, $89.63 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- North Dakota Community FoundationBismarck, ND · revenue $35M · programs 86.4% · 2025
- The Community Foundation for the Central Savannah River AreaAugusta, GA · revenue $35M · programs 95.6% · 2025
- Visionfund InternationalMonrovia, CA · revenue $35M · programs 71.7% · FY2025
- JCF Investment Program LLCWhippany, NJ · revenue $35M · programs 0.0% · FY2025
- Astros Golf FoundationHouston, TX · revenue $35M · programs 100.0% · 2024
All philanthropy, voluntarism & grantmaking charities · Largest charities in New Mexico
Questions people ask
How much of New Mexico Community Foundation's spending goes to programs?
In calendar year 2024, New Mexico Community Foundation reported that 89.6% of its $11.2 million in expenses went to program services, 10.2% to management and general and 0.1% to fundraising (Form 990, Part IX).
How much does New Mexico Community Foundation pay its top executive?
The largest total compensation New Mexico Community Foundation reported for one person in calendar year 2024 was $117,903, for the role of FINANCE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does New Mexico Community Foundation get its money?
Of $34.9 million in revenue in calendar year 2024, 91.6% came from contributions and grants (including 4.9% from government grants) and 3.5% from program service revenue (Form 990, Part VIII).
Is New Mexico Community Foundation a registered charity?
The IRS lists EIN 85-0311210 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 202630999349301428 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423139349304362 · read the filing
- 2022: Form 990 for calendar year 2022, object 202321439349301147 · read the filing
- 2021: Form 990 for calendar year 2021, object 202211399349301026 · read the filing
- 2020: Form 990 for calendar year 2020, object 202121329349301132 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043009349300139 · read the filing
All filings for EIN 85-0311210: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.