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Nonprofiteer
← JEWISH COMMUNITY FOUNDATION OF NEW MEXICO

Form 990 for tax year 2023

Filed by JEWISH COMMUNITY FOUNDATION OF NEW MEXICO.

Totals

Total revenue
$915,693
Total expenses
$798,209
Contributions and grants received
$411,922
Grants paid
$647,931
Program service revenue
$44,132
Investment income
$460,729
Other revenue
-$1,090
Total assets, end of year
$9,421,909
Total liabilities, end of year
$4,226,011
Net assets or fund balances, end of year
$5,195,898
Program services expenses (Part IX)
$713,150
Management and general expenses
$64,530
Fundraising expenses
$20,529
Program service expenses (Part III)
$713,150

Program services were 89.3% 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.

  • 1f · All other contributions, gifts and grants

    $411,922

  • 1g · Noncash contributions included above

    $127,949

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $44,132 · related or exempt $44,132

  • 3 · Investment income

    total $460,729 · related or exempt $460,729

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $1,500

  • 8b · Fundraising events: direct expenses

    $2,590

  • 8c · Net income from fundraising events

    total -$1,090

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $647,931 · program services $647,931

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $47,520 · program services $14,256 · management and general $23,760 · fundraising $9,504

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $3,735 · program services $1,120 · management and general $1,868 · fundraising $747

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $19,129 · program services $9,565 · management and general $7,651 · fundraising $1,913

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $49,686 · program services $24,843 · management and general $19,874 · fundraising $4,969

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $1,420 · program services $710 · management and general $568 · fundraising $142

  • 13 · Office expenses

    total $6,309 · program services $3,155 · management and general $2,523 · fundraising $631

  • 14 · Information technology

    total $5,242 · program services $2,621 · management and general $2,097 · fundraising $524

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,000 · program services $1,500 · management and general $1,200 · fundraising $300

  • 17 · Travel

    total $780 · program services $390 · management and general $312 · fundraising $78

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,150 · program services $345 · management and general $575 · fundraising $230

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $2,007 · program services $1,004 · management and general $802 · fundraising $201

  • 24a · Other expenses: marketing

    total $6,200 · program services $1,860 · management and general $3,100 · fundraising $1,240

  • 24b · Other expenses: support for community calendar

    total $3,600 · program services $3,600

  • 24c · Other expenses: educational outreach

    total $500 · program services $250 · management and general $200 · fundraising $50

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $289,608 · end of year $211,403

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $13,698 · end of year $5,391

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,465 · end of year $4,067

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $8,594,869 · end of year $9,201,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,027 · end of year $7,382

  • 25 · Other liabilities

    beginning of year $3,814,199 · end of year $4,218,629

  • 27 · Net assets without donor restrictions

    beginning of year $2,875,381 · end of year $2,869,688

  • 28 · Net assets with donor restrictions

    beginning of year $2,203,033 · end of year $2,326,210

Mission and programs · 2023

Mission

TO BUILD AND PERPETUATE SUPPORT FOR A VIBRANT, CARING JEWISH COMMUNITY THROUGH PARTNERSHIPS WITH DONORS AND ORGANIZATIONS. THE FOUNDATION RECEIVES, ADMINISTERS AND DISPOSES OF FUNDS FOR CHARITABLE PURPOSES.

  • THE FOUNDATION PROVIDES PHILANTHROPIC SERVICES FOR INDIVIDUAL DONORS AND NONPROFIT ORGANIZATIONS IN THE JEWISH COMMUNITY. SERVICES INCLUDE GRANT MAKING, FIELD OF INTEREST RESEARCH, CONSULTATIONS WITH PROFESSIONAL ADVISORS, FUND INVESTMENT, MANAGEMENT AND REPORTING. IN ADDITION, THE FOUNDATION SHARES EDUCATIONAL INFORMATION ABOUT CHARITABLE/LEGACY PLANNING, FUNDING IDEAS AND CHARITABLE OPPORTUNITIES IN THE JEWISH AND BROADER COMMUNITIES.ACCOMPLISHMENTS INCLUDE:FOUNDATION DISTRIBUTED GRANTS FROM NET ASSETS TOTALING $647,931 TO 162 CHARITABLE ORGANIZATIONS. GRANTS ADDRESSED NEEDS IN A VARIETY OF AREAS INCLUDING HEALTH, HUMAN SERVICES, EDUCATION, RELIGION, CULTURE, ENVIRONMENT, IMMIGRANT AND REFUGEE ASSISTANCE, AND THE ARTS. FOUR COLLEGE SCHOLARSHIPS, FIFTEEN CAMP SCHOLARSHIPS, AND ONE ISRAEL EXPERIENCE SCHOLARSHIP WERE AWARDED ON BEHALF OF NEW MEXICO YOUTH.FOUNDATION STAFF HELPED EDUCATE THE JEWISH COMMUNITY ABOUT CHARITABLE PLANNING AND WORKED WITH DONORS TO DEVELOP LEGACY PLANS AND OPEN FUNDS TO SUPPORT CHARITABLE ORGANIZATIONS AND CAUSES NOW AND INTO THE FUTURE. FOUNDATION EXTENDED ITS PARTICIPATION IN THE LIFE & LEGACY ENDOWMENT DEVELOPMENT PROGRAM IN PARTNERSHIP WITH HAROLD GRINSPOON FOUNDATION. LIFE & LEGACY, A PROVEN, SUCCESSFUL INITIATIVE IN 65 OTHER COMMUNITIES THROUGHOUT NORTH AMERICA, PROMOTES AFTER-LIFETIME GIVING TO BENEFIT JEWISH ORGANIZATIONS. THE PROGRAM EMPHASIZES STEWARDSHIP AND FORMALIZATION OF LEGACY GIFTS AND PROMOTES A COLLABORATIVE APPROACH THAT STRENGTHENS THE ENTIRE COMMUNITY. NINE JEWISH ORGANIZATIONS (6 IN ALBUQUERQUE, 2 IN SANTA FE, AND 1 IN LOS ALAMOS) ARE PARTICIPATING. AS OF DECEMBER 31, 2023, THE PROGRAM HAD GENERATED LEGACY GIFTS WITH AN ESTIMATED VALUE OF $6.6 MILLION AND $920,000 OF REALIZED ENDOWMENT GIFTS. FOUNDATION MANAGED INVESTMENTS TO MAXIMIZE RETURNS CONSISTENT WITH ITS INVESTMENT AND DISTRIBUTION POLICIES.

    Expenses $713,150 · Grants $647,931 · Revenue $44,132

As filed on the 2023 return.

Listed in Part VII

  • Erika Rimson

    Executive Dir.

    Total calculated
    $47,520
    From this org
    $47,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Harvey Buchalter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lisa Friedman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Buxbaum

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Newman

    SECRETARY/DIR

    Total calculated
    $0
    Hours/week
    1

  • Bob Davis

    TREASURER/DIR

    Total calculated
    $0
    Hours/week
    2

  • Grace Allison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joanna Colangelo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Wald

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ken Warner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marci Powers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ron Winger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Winger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jane Wishner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Steven Rogers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judith Zabel

    SECRETARY/DIR

    Total calculated
    $0
    Hours/week
    2

  • Jay Rosenblum

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dan Newman

    CHAIR/DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

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

Provenance

Return type
form_990
Tax year
2023
Filed
10 May 2024
IRS schema version
2023v5.0
Source object
202401319349302940

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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