Form 990 for tax year 2024

Filed by NEW MEXICO COMMUNITY CAPITAL.

Totals

Total revenue: $5,016,933
Total expenses: $2,945,328
Contributions and grants received: $4,355,060
Grants paid: $483,738
Program service revenue: $229,713
Investment income: $415,161
Other revenue: $16,999
Total assets, end of year: $9,797,355
Total liabilities, end of year: $4,314,441
Net assets or fund balances, end of year: $5,482,914
Program services expenses (Part IX): $2,492,067
Management and general expenses: $453,261
Fundraising expenses: $0
Program service expenses (Part III): $2,492,067

Program services were 84.6% 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.

1e · Government grants (contributions)

$66,513
1f · All other contributions, gifts and grants

$4,288,547
2a · Program service revenue: BUSINESS SERVICES

total $163,418 · related or exempt $163,418
2b · Program service revenue: FISCAL SPONSOR FEE

total $66,295 · related or exempt $66,295
3 · Investment income

total $394,463 · excluded $394,463
6a · Gross rents

real property $10,197
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $10,197
6d · Net rental income or loss

total $10,197 · excluded $10,197
7a · Gross sales of assets other than inventory

securities $1,426,515
7b · Less cost or other basis and sales expenses

securities $1,405,817
7c · Gain or loss

securities $20,698
7d · Net gain or loss

total $20,698 · excluded $20,698
10a · Gross sales of inventory

$3,686
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $3,686 · related or exempt $3,686
11d · All other revenue

total $3,116 · excluded $3,116
11e · Other revenue, total

$3,116

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $190,741 · program services $190,741
2 · Grants to domestic individuals

total $292,997 · program services $292,997
5 · Compensation of officers, directors and key employees

total $210,490 · program services $195,756 · management and general $14,734
7 · Other salaries and wages

total $381,909 · program services $355,175 · management and general $26,734
8 · Pension plan contributions

total $7,629 · program services $7,095 · management and general $534
9 · Other employee benefits

total $33,938 · program services $31,562 · management and general $2,376
10 · Payroll taxes

total $40,162 · program services $37,351 · management and general $2,811
11b · Fees: legal

total $19,191 · program services $15,144 · management and general $4,047
11c · Fees: accounting

total $81,527 · program services $64,337 · management and general $17,190
11g · Fees: other

total $1,156,086 · program services $912,319 · management and general $243,767
12 · Advertising and promotion

total $18,189 · program services $1,185 · management and general $17,004
13 · Office expenses

total $55,335 · program services $38,435 · management and general $16,900
14 · Information technology

total $137,764 · program services $129,018 · management and general $8,746
16 · Occupancy

total $83,402 · program services $57,929 · management and general $25,473
17 · Travel

total $113,941 · program services $81,586 · management and general $32,355
19 · Conferences, conventions and meetings

total $32,065 · program services $23,508 · management and general $8,557
22 · Depreciation, depletion and amortization

total $73,003 · program services $50,706 · management and general $22,297
23 · Insurance

total $9,019 · program services $2,067 · management and general $6,952
24a · Other expenses: DUES

total $7,033 · program services $5,156 · management and general $1,877
24b · Other expenses: BAD DEBT

total $907 · management and general $907

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $4,709,867 · end of year $2,823,335
2 · Savings and temporary cash investments

beginning of year $5,797,127 · end of year $4,569,835
3 · Pledges and grants receivable

beginning of year $55,100 · end of year $96,513
7 · Other notes and loans receivable

beginning of year $79,129 · end of year $82,460
8 · Inventories for sale or use

beginning of year $22,546 · end of year $28,752
9 · Prepaid expenses and deferred charges

beginning of year $17,800 · end of year $11,131
10a · Land, buildings and equipment: cost or other basis

$1,318,087
10b · Land, buildings and equipment: accumulated depreciation

$98,156
10c · Land, buildings and equipment, net

beginning of year $86,710 · end of year $1,219,931
12 · Investments: other securities

beginning of year $71,573 · end of year $70,000
15 · Other assets

beginning of year $813,358 · end of year $895,398
17 · Accounts payable and accrued expenses

beginning of year $2,919,560 · end of year $961,090
19 · Deferred revenue

beginning of year $5,038,748 · end of year $2,963,037
25 · Other liabilities

beginning of year $288,155 · end of year $390,314
27 · Net assets without donor restrictions

beginning of year $1,570,318 · end of year $2,797,771
28 · Net assets with donor restrictions

beginning of year $1,836,429 · end of year $2,685,143

Mission and programs · 2024

Mission

NEW MEXICO COMMUNITY CAPITAL'S MISSION IS TO GIVE RISE TO A MORE EQUITABLE FUTURE BY PROVIDING CULTURALLY APPROPRIATE TOOLS FOR SUCCESS TO EMERGING NATIVE AMERICAN OWNED BUSINESSES, NATIVE FAMILIES, AND TRIBAL ENTERPRISES. WE PROVIDE CLASSES AND PROGRAMS THAT ARE TAUGHT USING SUPPORTIVE MENTORSHIP, PEER LEARNING, AND CULTURALLY RELEVANT CURRICULUM. WE SUPPORT TRIBAL AGENCIES AND ORGANIZATIONS WITH SPECIALIZED TECHNICAL ASSISTANCE AND BUSINESS SERVICES.

Activities or mission (Part I)

TO PROMOTE SOCIAL WELFARE, ALLEVIATE POVERTY AND LESSEN THE BURDENS OF GOVERNMENT THROUGH FINANCIAL ASSISTANCE, EQUITY INVESTMENTS, LOANS, AND OTHER AID DESIGNED TO IMPROVE THE ECONOMIC WELL BEING OF NEW MEXICO RESIDENTS PARTICULARLY FOR LOW-INCOME INDIVIDUALS IN ECONOMICALLY UNDERSERVED AREAS OF NEW MEXICO.

BUSINESS AND MARKETING ESSENTIALS (BME), (FUNDED BY EQUALITY CAN'T WAIT (ECW) AND WELLS FARGO) - BUSINESS SERVICES - PROVIDING MANAGEMENT RESOURCES TO QUALIFYING BUSINESS, PARTICULARLY IN UNDER-INVESTED AREAS.

Expenses $2,278,396 · Grants $373,553 · Revenue $167,104
INDIGIDAO (FUNDED BY ROBERT WOOD JOHNSON FOUNDATION) PROPOSES TO ASSESS HOW OR IF WEB 3.0 TOOLS (INCLUDING DAO+, BLOCKCHAIN, ETC) CAN BE USED TO ADVANCE INDIGENOUS CORE VALUES LIKE COLLABORATION, RECIPROCITY, SHARED OWNERSHIP, AND NOURISHMENT-BASED EXCHANGE, WITHOUT EXPLOITING THE COMMUNITIES AND INDIVIDUALS INVOLVED. OUR AIMS IN THE SHORT TERM ARE TO SUPPORT NATIVE AMERICAN ENTREPRENEURS AND TO COUNTER THE POTENTIALLY EXTRACTIVE NATURE OF THESE EMERGING TOOLS, THROUGH A CO-DESIGNED FUND AMONG A REPRESENTATIVE COMMUNITY THAT PROVIDES ACCESS TO WORKING CAPITAL AND OTHER VALUES IN A SAFE AND REINFORCING ENVIRONMENT. IN TIME WE HOPE THIS INITIATIVE CONTRIBUTES TO AND/OR INFORMS A SHIFT IN THE NATURE OF ECONOMICS IN OUR COMMUNITIES AND BEYOND.

Expenses $178,533 · Grants $110,185
COMMUNITY LENDING (FUNDED BY ROOTED RELATIVE FUND (RCAC) AND NUSENDA CREDIT UNION) - NMCC ACTS AS THE BRIDGE BETWEEN COMMUNITY AND NONTRADITIONAL LENDERS. THROUGH THESE PROGRAMS NMCC PROVIDES TA SUPPORT TO ENSURE THAT COMMUNITY MEMBERS ARE QUALIFIED TO RECEIVE LOANS AND TO ENSURE THEY ARE ABLE TO MEET THERE LOAN COMMITMENTS.

Expenses $3,420
FISCAL SERVICES - FISCAL SPONSORSHIP SERVICES ARE PROVIDED TO COMPANIES IN THE COMMUNITY WHO HAVE A NONPROFIT MISSION, MANY OF WHICH ARE IN THE PROCESS OF GETTING THEIR OWN 501(C)3 STATUS. THIS PROGRAM IS FINANCED THROUGH A PERCENTAGE OF THE GRANTS SPONSOREES RECEIVE.

Expenses $31,718 · Revenue $66,295

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Dave CastilloDAVE CASTILLO

SECRETARY

Total calculated

$0

Hours/week

2
Loni Bernally-HolyanLONI BERNALLY-HOLYAN

DIRECTOR

Total calculated

$0

Hours/week

2
Martha KingMARTHA KING

DIRECTOR

Total calculated

$0

Hours/week

2
Garry McBerryhillGARRY MCBERRYHILL

DIRECTOR

Total calculated

$0

Hours/week

2
Juaquin MoyaJUAQUIN MOYA

DIRECTOR

Total calculated

$0

Hours/week

2
Grace PerezGRACE PEREZ

DIRECTOR

Total calculated

$0

Hours/week

2
Elizabeth GamboaELIZABETH GAMBOA

EXECUTIVE/FUND MANAGING DIRECTOR

Total calculated

$178,202

From this org

$144,438

From related orgs

$0

Other

$33,764

Hours/week

40

Schedule J breakdown matched by us

Base

$144,438

Bonus

$0

Other

$0

Deferred

$7,698

Nontaxable benefits

$26,066

Filer's total

$178,202
Thad PorchTHAD PORCH

CFO

Total calculated

$32,288

From this org

$32,288

From related orgs

$0

Other

$0

Hours/week

5
Cj MoyaCJ MOYA

DIRECTOR OF FINANCE

Total calculated

$137,010

From this org

$112,540

From related orgs

$0

Other

$24,470

Hours/week

40
Henry Jake ForemanHENRY JAKE FOREMAN

PROGRAM DIRECTOR

Total calculated

$122,041

From this org

$102,004

From related orgs

$0

Other

$20,037

Hours/week

40

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

3 · Compensation committee
3 · Form 990 of other organizations
3 · Approval by the board or compensation committee

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

NATIVE WOMEN LEAD

$190,741

EQUITY CAN'T WAIT CHALLENGE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

NEW MEXICO COMMUNITY CAPITAL MANAGEMENT LLC

MANAGING INVESTMENT LIMITED PARTNERSHIPS · NM · income $0 · assets $0

Directly controlled by NEW MEXICO COMMUNITY CAPITAL

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

NEW MEXICO COMMUNITY CAPITAL FUND 1 LP

INV IN DEBT AND EQUITY SECURITIES · NM · 0.68% owned · share of assets $15,515

Directly controlled by NMCC MANAGEMENT LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

CCMN

C · TO PROVIDE SECURITY SERVICES · NM · 100% owned · controlled entity

Provenance

Return type: form_990
Tax year: 2024
Filed: 13 June 2025
IRS schema version: 2024v5.1
Source object: 202501649349301750

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