Mission
TO BUILD, INVEST AND MANAGE ENDOWMENT FUNDS TO ENHANCE THE QUALITY OF NEW MEXICO THROUGH INFORMED, STRATEGIC GRANTMAKING.
Public Charity
NEW MEXICO COMMUNITY TRUST
NEW MEXICO COMMUNITY TRUST is a Public Charity headquartered in ALBUQUERQUE, NM. Financial data from the 2024 filing: $5.2M revenue, $5.8M expenses, $10.6M total assets. 9 publicly reported grants to this organization, totaling roughly $480K, appear in IRS filings.
EIN: 854395064
ALBUQUERQUE, NM
Latest filing: 2024
Total Revenue$5.2M
Total Expenses$5.8M
Total Assets$10.6M
Grant Records9
Funding Total$480K
Filing Years2022–2024
Where $100 goes at New Mexico Community Trust
How New Mexico Community Trust divides every $100 it spends, from its own Form 990 filings, averaged across 3 years.
$98
Programs
the work itself
$2
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $98 for programs
$98
To build, invest and manage endowment funds to enhance the quality of new mexico through informed, strategic grantmaking
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
NORTHERN NEW MEXICO YOUTH FUND
$250,000
For grant recipient's exempt purposes
$32,500
FOR RECIPIENT'S EXEMPT PURPOSE
$27,000
OPERATING INCOME
$24,000
GENERAL SUPPORT
$21,000
Showing up to 5 of 9 total records — full history available with membership.
Officers & Directors
TRUSTEE
Beverly Bendicksen
BOARD CHAIR
Brian Colon
TRUSTEE
Carl Alongi
TREASURER/SECRETARY
Kenneth Leach
TRUSTEE
Marcus Mims
COO
Marisa Magallanez
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $5.2M | $5.8M | $10.6M |
| 2023 | $16.0M | $9.7M | $11.2M |
| 2022 | $10.3M | $9.4M | $7.3M |
Between 2022 and 2024, reported annual revenue declined from $10.3M to $5.2M (-49%), with total assets most recently reported at $10.6M.
Interactive year-over-year charts and full filing details available with membership.