Equality New Mexico Foundation

Albuquerque, NM · Public charity (501(c)(3)) · Since 1993 · Human Services

✓ Tax-deductible
Revenue
$581K
-23% vs prior year
Spent
$876K
To programs
69%
Net assets
$481K
By yearFY2021–FY2024
Revenue
$581K
FY2024▼ -23%
Revenue by fiscal year
FY2021$247K
FY2022$390K
FY2023$735K
FY2024$755K
FY2024$581K
Expenses
$876K
FY2024▲ +72%
Expenses by fiscal year
FY2021$148K
FY2022$196K
FY2023$544K
FY2024$510K
FY2024$876K
Net assets
$481K
FY2024▼ -38%
Net assets by fiscal year
FY2021$146K
FY2022$340K
FY2023$532K
FY2024$776K
FY2024$481K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CEquality New Mexico Foundation
EINHdr · item D85-0417115
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1994
Year of formationHdr · item L1993
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CAlbuquerque, NM
NTEE classificationIRS BMFHuman Services (P99)
WebsiteHdr · item Jwww.eqnm.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.69 Management & general $0.23 Fundraising $0.08
Program services69%$608K
Management & general23%$199K
Fundraising8%$69K
Total functional expensesLn 25$876K

Financial health

Is it on solid ground?

Program efficiency
69%
of spending reaches programs▲ +41% vs prior filing year
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▼ -47% vs prior filing year
Surplus margin
-51%
revenue over expenses, this year▼ -256% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$489K
FY2024▼ -38%
Total assets by fiscal year
FY2021$152K
FY2022$349K
FY2023$541K
FY2024$794K
FY2024$489K
Total liabilities
$8K
FY2024▼ -57%
Total liabilities by fiscal year
FY2021$5K
FY2022$8K
FY2023$9K
FY2024$18K
FY2024$8K
Revenue less expensesPt I · Ln 19−$295K
Total assetsPt X · Ln 16$489K
Program-expense ratioPt IX · col B69%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Balance Sheet

Part X · end of year
CashLn 1$465K
Total assetsLn 16$489K
Total liabilitiesLn 26$8K
Total net assetsLn 32$481K
Months of cash on handcomputed6.4

Statement of Revenue

Part VIII
Program service revenue$528K · 91%
Contributions & grants$51K · 9%
Program service revenue91%$528K
Contributions & grants9%$51K
Investment income$3K
Total revenueLn 12$581K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $465K · Operating expenses/yr $876K
6.4 months
Where the money goes
Program services
Program services $608K · Total expenses $876K
69%
Management & General
Management & general $199K · Total expenses $876K
23%
Fundraising
Fundraising $69K · Total expenses $876K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $52K · Solicited contributions (3-yr avg) $364K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $51K · Total revenue $581K
9%
Government reliance
Government grants — · Total revenue $581K
—
Earned-income share
Program service revenue $528K · Total revenue $581K
91%
Investment reliance
Investment income $3K · Total revenue $581K
+0.4%
Program self-sufficiency
Program service revenue $528K · Total expenses $876K
60%
Growth & trend
Revenue growth (YoY)
This year $581K · Prior year $755K
-23%
Revenue CAGR
FY2020 $247K · FY2024 $581K
+24%
Net-asset trend (YoY)
End of year $481K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $581K · Expenses $876K
-51%
Liabilities-to-Assets
Total liabilities — · Total assets $489K
—
Net-asset ratio
Net assets $481K · Total assets $489K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $489K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual C Marshall Martinez · Reported title Executive Director · Highest reported compensation $0 · Total expenses $876K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $305K · Total expenses $876K
35%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 69%——
Overhead ratio 23%——
Fundraising cost ratio 137%——
Revenue growth -23%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

C Marshall Martinez’s $105K as Executive Director is at the 88th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
C Marshall Martinez$104,700$87,548$82,308$58,510
Adrian Carver———$5,008

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 Equality New Mexico Foundation executive salaries →

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Governance & Policies

Part VI
  • 5Voting board membersPt VI · Ln 1a
  • 5Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates and advocates to end discrimination for LGBTQ individuals and all New Mexicans.

Provided by the organization

This section is blank until Equality New Mexico Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

3 program services account for $408K of program spending, described in the organization's own filed words · FY2024.
01

Gender Justice Changing the narrative and culture across New Mexico to create an understanding that Gender is not binary and that all genders deserve dignity, respect, and equality.

$326Kprogram expense
02

LGBTQ Summit Convening Queer and Trans people from across New Mexico to share resources, training, and relationships as a means of connecting geographically disparate communities to one movement.

$53Kprogram expense
03

Legislative Fellowship A program designed to break down barriers that prevent the LGBTQ community from engaging with their government. The program teaches young LGBTQ people the ins and outs of legislative government, including in-person observation and training about how the legislature works and how ideas become statewide policy.

$29Kprogram expense

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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
See all 6 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $755K$510K+3% 990 PDF
FY2023 $735K$544K+89% 990 PDF
FY2022 $390K$196K+58% 990 PDF
FY2021 $247K$148K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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