Growing Up New Mexicoinc
Nonprofit profile at a glance
- EIN
- 850163601
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Santa Fe, NM, USA
- Phone
- 5052162985
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Federated Giving Programs
Reported finances
- Revenue
- $6,662,164
- Expenses
- $6,684,196
- Assets
- $6,395,490
- Liabilities
- $2,004,810
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- KATE NOBLE (PRESIDENT &)
Highest reported compensation
- KATE NOBLE (PRESIDENT &): $171,025 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of growing up New Mexico is to engage the whole community, bringing together people and resources to create increased opportunities for young children and the adults in their lives to achieve their dreams and aspirations.
What it reported doing in 2024
Dolly parton's imagination library program - this program is administered by growing up New Mexico and is funded primarily by santa fe county and southwest New Mexico council of governments. It is an early literacy program that sends each enrolled child an age-appropriate book every month, from birth to age five. Growing up New Mexico utilizes additional funding sources for spanish versions of these books. Bridges to opportunity - in partnership with christus st. Vincent regional medical center, anchorum st. Vincent, santa fe county and the city of santa fe, bridges to opportunity provides short- and long- term support with one-on-one coaching for families with young children prenatal to five. Our coaches address immediate needs like emergency aid, food, transportation, housing and utility insecurity, childcare, and mental health services. Once these issues have been identified and addressed, a family can elect to receive multi-generational or "whole family" coaching to aid in setting and reaching self-identified goals in one or more of the following areas: social capital, early childhood education, post-secondary and employment pathways, economic assets, health and well-being.
Operating model
- Revenue model
- Grant-funded. 65% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.1%; rating input score 85
- Program expense ratio: 84.8%; rating input score 85
- Fundraising efficiency: $24.2 raised per $1 spent on fundraising; rating input score 64; 64th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.3%; rating input score 32; 32nd percentile among comparable filings
- Total-asset coverage ratio: 0.96; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 72; 72nd percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 85.1% of revenue deployed · 84.8% of spending went to programs
- Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $5.7M in reported program spending
- Leadership: top reported pay $171K · 13 people listed · 3 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 32/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.