Nusenda Foundation
Nusenda Foundation
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About this organization
Mission
To increase the impact that Nusenda Federal Credit Union has made in the community.
About
The foundation receives funds from the W.K. Kellogg Foundation to support the growth of co-op capital. Co-op capital is an innovative, community-based microloan program that democratizes access to capital for low-income, women, communities of color, and other underserved borrowers by enlisting trusted community partners to approve loans. Nusenda and partners support borrowers with financial education and, as needed, business development opportunities. Through these strategic partnerships, co-op capital aligns with Nusenda's mission to realize the full potential of the communities we serve by collaborating on innovative solutions to improve education, health, social, and economic conditions.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “The corporation is organized exclusively for charitable purposes defined for qualifying exempt organizations under section 501(c)(3) of the internal revenue code. these charitable and educational activities support or create programs aimed at promoting and enhancing effective philantropic partnerships focused on financial literacy, capability and improvement, asset building initiatives, and the creation and implementation of products and services to support lower income and impoverished individuals and communities; and to develop civic, cultural, health, education, economic development and diversification initiatives to enhance the general well-being of residents in new mexico.”.
When outlining its responsibilities, they were referred to as: “To increase the impact that nusenda federal credit union has made in the community.”.
- The state in which the non-profit operates has been officially reported as NM.
- The filing reveals the non-profit's address in 2020 to be PO BOX 8530, ALBUQUERQUE, NM, 87198.
- As per the non-profit's form for 2020, they have 0 employees on their payroll.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $20,992.
- The organization has 5 independent voting members.
- The organization was formed in 2013.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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