Nusenda Foundation FY2023 filing

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To increase the impact that Nusenda federal credit union has made in the community.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1284916) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $28K a year · 3% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
97% of spending went to programs.
Pt IX · Ln 25 · col B
2.5 mo
of spending, in cash
Plus $2.6M in investments, Pt X · Ln 11–13
2.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $22
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$216K
8% of total assets
Liabilities are 8% of assets.
Pt X · Ln 26
Independent board members
1
of 9 voting members
1 of 9 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$880K
+65% vs prior year
Spent
$845K
To programs
97%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$880K
FY2023▲ +65%
Tap a bar for its year
Revenue by fiscal year
FY2020$392K
FY2021$840K
FY2022$532K
FY2023$880K
FY2024$1.6M
Expenses
$845K
FY2023▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$676K
FY2022$887K
FY2023$845K
FY2024$854K
Net assets
$2.5M
FY2023▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$2.9M
FY2022$2.3M
FY2023$2.5M
FY2024$3.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2014.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $821K Management & general 3% · $24K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director/Chair
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nusenda Foundation executive salaries →

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

Distributes credit union member-directed funds to support local charities focused on education, healthcare, the arts, wildlife, and community services.

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1 program · $821K · in their own filed words · FY2023
01

The foundation receives funds generated by the nusenda credit union community rewards program (community rewards), which is a contribution driven by member debit card transactions. Members have the opportunity to direct the contributions towards investments in five focus areas with specific communities: education, healthcare, the arts…

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-1284916) · Dispute this line
$821Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$22
Grants paid · 266 grants · $2.7M · 2020–2024
Umoja AbqNM · FY2024$15,000
Texas Tech Foundation INCTX · FY2024$15,000
Ngage New MexicoNM · FY2024$15,000
Nature Ninos New MexicoNM · FY2024$15,000
Libros for Kids INCNM · FY2024$15,000
Hawks Aloft INCNM · FY2024$15,000
El Pasoans Fighting HungerTX · FY2024$15,000
See all 266 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$880K
Ln 12
Gifts and grantsLn 1h$798K
Investment incomeLn 3$81K
Money outPt IX
$845K
Ln 25
Programscol B$821K
Managementcol C$24K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$173K
Total assetsLn 16$2.7M
LiabilitiesLn 26$216K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$798K
Investment incomeLn 3$81K
Gains on assetsLn 7$11K
Total revenueLn 12$880K
Assets in detailPt X, end of year
CashLn 1$135K
SavingsLn 2$39K
Cash and savings togetherLn 1–2$173K
InvestmentsLn 11–13$2.6M
Total assetsLn 16$2.7M
LiabilitiesLn 26$216K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$73K$173K
InvestmentsLn 11–13$2.3M$2.6M
Total assetsLn 16$2.4M$2.7M
LiabilitiesLn 26$85K$216K
Net assetsLn 32$2.3M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$821K$821K
Investment management feesLn 11f$8K$8K
InterestLn 20$575$575
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$845K$821K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 10, 2025 $1.6M$854K$711K$3.3M 990 PDF
FY2023 ViewingFiled with the IRS Nov 14, 2024 $880K$845K$34K$2.5M 990 PDF
FY2022Filed with the IRS Nov 13, 2023 $532K$887K−$355K$2.3M 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $840K$676K$164K$2.9M 990 PDF
FY2020Filed with the IRS Oct 29, 2021 $392K$1.1M−$697K$2.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $879,703 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $495,414$798,348
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $36,635$81,355
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $532,049$879,703
I-13 Grants and similar amounts paidPrior year $845,248$821,149
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $42,053$24,314
I-18 Total expensesPrior year $887,301$845,463
I-19 Revenue less expensesPrior year −$355,252$34,240
Part VI · Governance 1 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members1
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $879,703 across 5 lines filed
VIII-1d Related organizations$798,348
VIII-1h Total contributions, gifts and grants$798,348
VIII-3 Investment incomeExcluded from tax $70,726$70,726
VIII-7 Net gain or loss on sales of assetsExcluded from tax $10,629$10,629
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $81,355$879,703
Part IX · Statement of functional expenses $845,463 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $821,149$821,149
IX-11f Investment management feesManagement $7,694$7,694
IX-20 InterestManagement $575$575
IX-24 Other expenses (24a–d)Management $16,045$16,045
IX-25 Total functional expensesPrograms $821,149 · Management $24,314 · Fundraising $0$845,463
Part X · Balance sheet $2,727,050 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $43,185$134,629
X-2 Savings and temporary cash investmentsStart of year $29,687$38,529
X-11 Publicly traded securitiesStart of year $2,324,667$2,553,892
X-16 Total assetsStart of year $2,397,539$2,727,050
X-17 Accounts payable and accrued expensesStart of year $17,429$10,000
X-18 Grants payableStart of year $33,607$32,000
X-23 Secured mortgages and notes payableStart of year $33,841$23,620
X-25 Other liabilitiesStart of year $0$150,000
X-26 Total liabilitiesStart of year $84,877$215,620
X-27 Net assets without donor restrictionsStart of year $137,780$389,012
X-28 Net assets with donor restrictionsStart of year $2,174,882$2,122,418
X-32 Total net assets or fund balancesStart of year $2,312,662$2,511,430
X-33 Total liabilities and net assetsStart of year $2,397,539$2,727,050
Part XI · Reconciliation of net assets $2,511,430 net assets at year end
XI-1 Total revenue$879,703
XI-2 Total expenses$845,463
XI-3 Revenue less expenses$34,240
XI-4 Net assets at start of year$2,312,662
XI-5 Net unrealized gains (losses) on investments$164,528
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,511,430

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

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