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Nonprofiteer
← NUSENDA FOUNDATION

Form 990 for tax year 2023

Filed by NUSENDA FOUNDATION.

Totals

Total revenue
$879,703
Total expenses
$845,463
Contributions and grants received
$798,348
Grants paid
$821,149
Program service revenue
$0
Investment income
$81,355
Other revenue
$0
Total assets, end of year
$2,727,050
Total liabilities, end of year
$215,620
Net assets or fund balances, end of year
$2,511,430
Program services expenses (Part IX)
$821,149
Management and general expenses
$24,314
Fundraising expenses
$0
Program service expenses (Part III)
$821,149

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $798,348

  • 3 · Investment income

    total $70,726 · excluded $70,726

  • 7a · Gross sales of assets other than inventory

    securities $1,006,865

  • 7b · Less cost or other basis and sales expenses

    securities $996,236

  • 7c · Gain or loss

    securities $10,629

  • 7d · Net gain or loss

    total $10,629 · excluded $10,629

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $821,149 · program services $821,149

  • 11f · Fees: investment management

    total $7,694 · management and general $7,694

  • 20 · Interest

    total $575 · management and general $575

  • 24a · Other expenses: ESCHEATED FUNDS

    total $16,045 · management and general $16,045

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,185 · end of year $134,629

  • 2 · Savings and temporary cash investments

    beginning of year $29,687 · end of year $38,529

  • 11 · Investments: publicly traded securities

    beginning of year $2,324,667 · end of year $2,553,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,429 · end of year $10,000

  • 18 · Grants payable

    beginning of year $33,607 · end of year $32,000

  • 23 · Secured mortgages and notes payable

    beginning of year $33,841 · end of year $23,620

  • 25 · Other liabilities

    beginning of year $0 · end of year $150,000

  • 27 · Net assets without donor restrictions

    beginning of year $137,780 · end of year $389,012

  • 28 · Net assets with donor restrictions

    beginning of year $2,174,882 · end of year $2,122,418

Mission and programs · 2023

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES DEFINED FOR QUALIFYING EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THESE CHARITABLE AND EDUCATIONAL ACTIVITIES SUPPORT OR CREATE PROGRAMS AIMED AT PROMOTING AND ENHANCING EFFECTIVE PHILANTROPIC PARTNERSHIPS FOCUSED ON FINANCIAL LITERACY, CAPABILITY AND IMPROVEMENT, ASSET BUILDING INITIATIVES, AND THE CREATION AND IMPLEMENTATION OF PRODUCTS AND SERVICES TO SUPPORT LOWER INCOME AND IMPOVERISHED INDIVIDUALS AND COMMUNITIES; AND TO DEVELOP CIVIC, CULTURAL, HEALTH, EDUCATION, ECONOMIC DEVELOPMENT AND DIVERSIFICATION INITIATIVES TO ENHANCE THE GENERAL WELL-BEING OF RESIDENTS IN NEW MEXICO.

Activities or mission (Part I)

TO INCREASE THE IMPACT THAT NUSENDA FEDERAL CREDIT UNION HAS MADE IN THE COMMUNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $821,149 · Grants $821,149

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • SARA KELLER

    EXECUTIVE DIRECTOR/CHAIR

    Total calculated
    $157,208
    From this org
    $0
    From related orgs
    $155,659
    Other
    $1,549
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,253 related
    Bonus
    $0 + $21,406 related
    Other
    $0
    Deferred
    $0 + $1,549 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $157,208 related

  • SARAH LOPEZ

    SECRETARY

    Total calculated
    $145,845
    From this org
    $0
    From related orgs
    $133,896
    Other
    $11,949
    Hours/week
    1 + 40 related

  • DANIEL MEYER

    VICE CHAIR

    Total calculated
    $85,727
    From this org
    $0
    From related orgs
    $80,479
    Other
    $5,248
    Hours/week
    1 + 40 related

  • FRANK GUTIERREZ

    DIRECTOR

    Total calculated
    $100,306
    From this org
    $0
    From related orgs
    $97,343
    Other
    $2,963
    Hours/week
    1 + 40 related

  • JUNE MANNING

    DIRECTOR

    Total calculated
    $99,991
    From this org
    $0
    From related orgs
    $91,546
    Other
    $8,445
    Hours/week
    1 + 40 related

  • LEIGH ANNE CHAVEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • NIKKI BUNCH

    DIRECTOR

    Total calculated
    $234,043
    From this org
    $0
    From related orgs
    $224,517
    Other
    $9,526
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,233 related
    Bonus
    $0 + $28,284 related
    Other
    $0
    Deferred
    $0 + $2,064 related
    Nontaxable benefits
    $0 + $7,462 related
    Filer's total
    $0 + $234,043 related

  • DEBORAH CONLEY

    DIRECTOR

    Total calculated
    $129,892
    From this org
    $0
    From related orgs
    $102,177
    Other
    $27,715
    Hours/week
    1 + 40 related

  • BRANDON WALDSCHMIDT

    TREASURER

    Total calculated
    $79,066
    From this org
    $0
    From related orgs
    $76,443
    Other
    $2,623
    Hours/week
    1 + 40 related

  • CINDY DEES

    VICE CHAIR (THROUGH JUNE 2023)

    Total calculated
    $181,664
    From this org
    $0
    From related orgs
    $129,349
    Other
    $52,315
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $116,110 related
    Bonus
    $0 + $13,239 related
    Other
    $0
    Deferred
    $0 + $49,065 related
    Nontaxable benefits
    $0 + $3,250 related
    Filer's total
    $0 + $181,664 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413199349306026

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