Laguna Community Foundation FY2023 filing

Tax-deductible

Laguna, NM501(c)(3)Community DevelopmentEIN 46-0990639Revenue $149K in FY2023

On file with the IRSsites.google.com/lagunacf.org33 Rodeo Dr, 87026-0000 · Laguna, NMTax-exempt since Aug 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to generate resources and charitable support for initiatives that strengthen the pueblo of Laguna.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$75K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $58K a year · 21% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$75K
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
33 mo
of spending, in cash
Looks good: 32.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $150K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$608K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
Spent
$237K
To programs
68%
Net assets
$971K
By yearFY2023–FY2024
Revenue
$149K
FY2023
Tap a bar for its year
Revenue by fiscal year
FY2023$149K
FY2024$396K
Expenses
$237K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2023$237K
FY2024$424K
Net assets
$971K
FY2023
Tap a bar for its year
Net assets by fiscal year
FY2023$971K
FY2024$949K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Revoked May 2022, reinstated. IRS ruling Aug 2023, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Aug 2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $160K Management & general 26% · $61K Fundraising 6% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $75K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$75,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Leroy Silva’s $75K as Executive Di is at the 51st percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Leroy Silva$75,000$75,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Laguna Community Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports initiatives strengthening the Pueblo of Laguna through resource generation and charitable aid.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2023
01

Laguna community foundation is a non-profit organization dedicated to empowering individuals and strengthening the pueblo of laguna. We achieve this by providing a range of services and resources, including: 1) community workshops and training: we offer a variety of workshops and training sessions to equip community members with the…

$160Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$150K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$83K
Investment incomeLn 3$47K
Other incomeLn 4–11$20K
Money outPt IX
$237K
Ln 25
Programscol B$160K
Managementcol C$61K
Fundraisingcol D$15K
Owns and owesPt X
$971K
net assets · Ln 32
Cash and savingsLn 1–2$644K
Total assetsLn 16$1.6M
LiabilitiesLn 26$608K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83K
Investment incomeLn 3$47K
Other incomeLn 4–11$20K
Gains on assetsLn 7$11K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$644K
Cash and savings togetherLn 1–2$644K
InvestmentsLn 11–13$932K
Total assetsLn 16$1.6M
LiabilitiesLn 26$608K
Net assetsLn 32$971K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$658K$644K
InvestmentsLn 11–13$965K$932K
Total assetsLn 16$1.6M$1.6M
LiabilitiesLn 26$632K$608K
Net assetsLn 32$993K$971K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$76K$61K$7K$8K
Other salaries and wagesLn 7$34K$28K$3K$4K
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$24K$2K$22K
Payroll taxesLn 10$10K$8K$453$955
Legal feesLn 11b$16K$16K
Accounting feesLn 11c$13K$13K
Investment management feesLn 11f$6K$4K$550$825
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$4K$2K$2K$557
Information technologyLn 14$2K$851$1K
OccupancyLn 16$8K$7K$300$450
TravelLn 17$9K$9K$7
Conferences, conventions and meetingsLn 19$13K$12K$224
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$13K$8K$6K
All other expensesLn 24e$971$971
Total functional expensesLn 25$237K$160K$61K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $396K$424K−$28K$949K 990 PDF
FY2023 Viewing $149K$237K−$88K$971K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $149,059 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $141,913$82,643
I-9 Program service revenue$0
I-10 Investment incomePrior year $68,199$46,529
I-11 Other revenuePrior year $11,618$19,887
I-12 Total revenuePrior year $221,730$149,059
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$147,534
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $277,976$89,289
I-18 Total expensesPrior year $277,976$236,823
I-19 Revenue less expensesPrior year −$56,246−$87,764
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $149,059 across 7 lines filed
VIII-1a Federated campaigns$513
VIII-1f All other contributions, gifts and grants$82,130
VIII-1h Total contributions, gifts and grants$82,643
VIII-3 Investment incomeExcluded from tax $35,064$35,064
VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,465$11,465
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,887$19,887
VIII-12 Total revenueRelated to mission $19,887 · Excluded from tax $46,529$149,059
Part IX · Statement of functional expenses $236,823 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $61,043 · Management $6,771 · Fundraising $8,374$76,188
IX-7 Other salaries and wagesPrograms $27,692 · Management $2,532 · Fundraising $3,799$34,023
IX-8 Pension plan contributionsManagement $3,625$3,625
IX-9 Other employee benefitsPrograms $1,544 · Management $22,308$23,852
IX-10 Payroll taxesPrograms $8,438 · Management $453 · Fundraising $955$9,846
IX-11b Legal feesPrograms $15,766$15,766
IX-11c Accounting feesManagement $13,280$13,280
IX-11f Investment management feesPrograms $4,126 · Management $550 · Fundraising $825$5,501
IX-11g Other fees for servicesPrograms $1,474$1,474
IX-12 Advertising and promotionPrograms $1,380$1,380
IX-13 Office expensesPrograms $1,579 · Management $1,643 · Fundraising $557$3,779
IX-14 Information technologyPrograms $851 · Management $1,008$1,859
IX-16 OccupancyPrograms $7,250 · Management $300 · Fundraising $450$8,000
IX-17 TravelPrograms $9,223 · Management $7$9,230
IX-19 Conferences, conventions and meetingsPrograms $12,414 · Management $224$12,638
IX-23 InsuranceManagement $1,935$1,935
IX-24 Other expenses (24a–d)Programs $7,627 · Management $5,849$13,476
IX-24e All other expensesManagement $971$971
IX-25 Total functional expensesPrograms $160,407 · Management $61,456 · Fundraising $14,960$236,823
Part X · Balance sheet $1,578,937 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $658,031$644,465
X-9 Prepaid expenses and deferred chargesStart of year $886$2,338
X-11 Publicly traded securitiesStart of year $965,408$932,134
X-16 Total assetsStart of year $1,624,325$1,578,937
X-17 Accounts payable and accrued expensesStart of year $15,713$3,288
X-19 Deferred revenueStart of year $615,808$605,064
X-26 Total liabilitiesStart of year $631,521$608,352
X-27 Net assets without donor restrictionsStart of year $992,804$970,585
X-32 Total net assets or fund balancesStart of year $992,804$970,585
X-33 Total liabilities and net assetsStart of year $1,624,325$1,578,937
Part XI · Reconciliation of net assets $970,585 net assets at year end
XI-1 Total revenue$149,059
XI-2 Total expenses$236,823
XI-3 Revenue less expenses−$87,764
XI-4 Net assets at start of year$992,804
XI-5 Net unrealized gains (losses) on investments$65,707
XI-8 Prior period adjustments−$162
XI-10 Net assets at end of year$970,585

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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