NonprofitsSmall Business Investment Corporation

Community Improvement & Capacity Building

Small Business Investment Corporation

TIJERAS, NM

Total revenue

$31.0M

Total expenses

$483K

Net assets

$152.4M

Grants received

EIN

850482958

Tax year

2023

Mission

To make debt or equity investments to support new or expanding businesses in the state of new mexico

Programs

1 program

The organization also has an equity program that historically made investments in venture capital equity funds. No new equity investment commitments have been made in recent years, but there are outstanding investments from prior years. Total equity investments outstanding were 2.2 million as of june 30, 2024.

Expenses: $35K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$29.8M
Investment income$1.2M
Other revenue
Total revenue$31.0M

Expenses

Grants paid
Salaries & benefits$241K
Fundraising
Other expenses$241K
Total expenses$483K
Total assets$156.9M
Net assets$152.4M

People

11 listed

NameRoleCompensation

RUSS CUMMINS (RDC ADVISORS LLC)

EXEC DIR/INV

Board

$233K

40 hrs/wk

ALAN FOWLER

DIRECTOR TO

Board

3 hrs/wk

STEVEN MORGAN

DIRECTOR TO

Board

3 hrs/wk

SAYURI YAMADA

DIRECTOR

Board

3 hrs/wk

JOSHUA GRASSHAM

DIRECTOR

Board

3 hrs/wk

JOSEPH H BADAL

DIRECTOR TO

Board

3 hrs/wk

LAURA MONTOYA

DIRECTOR

Board

3 hrs/wk

ROBERT VALDIVIEZ

SECRETARY/TR

Board

4 hrs/wk

ANNE BECKETT

VICE CHAIR

Board

4 hrs/wk

JOSHUA SMITH

CHAIR

Board

8 hrs/wk

KRISTINA ALLEY

DIRECTOR

Board

3 hrs/wk

Independent contractors

RUSS CUMMINS RDC ADVISORS LLC

FINANCIAL ADVIS

$233K

Details

EIN850482958
NTEE codeS30
Subsection04
Ruling date2002-11
Formed2000
Employees0
SMALL BUSINESS INVESTMENT CORPORATION — Mission, Financials & Grants Received | Grantivo