National Hispanic Cultural Center Foundation
Nonprofit profile at a glance
- EIN
- 850335056
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5057669858
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $861,507
- Expenses
- $958,555
- Assets
- $1,407,331
- Liabilities
- $330,155
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- ERNEST RODRIGUEZ-NAAZ (CEO FROM DEC)
Highest reported compensation
- MELISSA PACHECO-ARMIJO (COO THROUGH): $79,173 total reported compensation
- ERNEST RODRIGUEZ-NAAZ (CEO FROM DEC): $10,000 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 national hispanic cultural center foundation is a 501(c)(3) nonprofit corporation devoted to raising funds in support of the national hispanic cultural center, a division of the New Mexico department of cultural affairs. The foundation supports the mission to preserve, promote, and advance hispanic culture, arts, and literary arts programming.
What it reported doing in 2024
Other program services: history and literary arts program - the nhccf supports the nhccs history & literary arts program that documents, preserves, and makes accessible hispanic history, cultural traditions, and literature. The nhcc library collections encompass books, periodicals, microfilm, video, audio recordings, and long-playing sound recordings concentrated on the history of hispanics and latinos worldwide. The nhcc archives is a repository for rare books, photo and manuscript collections, and the personal papers of prominent new mexicans. The hla program further fulfills its mission through lectures, book signings and book readings, historical and literary exhibits, and short courses. The history and literary arts program is partially supported through grant funding and private donations, with the goal to increase these and other sources of funding. Education program - the nhcc's education program is supported heavily from grant revenue, tuition, corporate sponsorships and private donations. With this support, the education program provides motivating and meaningful educational opportunities for the community in the humanities and sciences through the lens of hispanic culture and history, the program serves between 2,000 and 6,000 people each month, and offers school day events, family events, community programming, exhibitions, online resources, summer institutes, and teacher training.
Operating model
- Revenue model
- Donor-supported. 86% of the money available for current operations came from contributions and gifts.
- 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. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 32
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.2%; rating input score 77
- Program expense ratio: 68.8%; rating input score 69
- Fundraising efficiency: $28.15 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -11.3%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 1.47; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 9.3%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: -1% per year; rating input score 0; 12th percentile among comparable filings
- Asset growth: 14.3% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 77.2% of revenue deployed · 68.8% of spending went to programs
- Governance: 20 of 20 board members independent · 8 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $659K in reported program spending
- Leadership: top reported pay $79K · 30 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 29/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.