Nonprofit · EIN 47-3061703
FIRST SOUTHWEST COMMUNITY FUND
Tax-exempt · ALAMOSA, CO 81101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,501,576 | $1,708,215 | -$206,639 | $27,579,056 | $25,033,267 | $2,545,789 |
| December 31, 2024 | 990 | $1,537,313 | $1,648,106 | -$110,793 | $22,751,175 | $19,998,747 | $2,752,428 |
| December 31, 2023 | 990 | $3,246,368 | $1,547,013 | $1,699,355 | $22,064,797 | $19,201,576 | $2,863,221 |
| December 31, 2021 | 990 | $787,152 | $862,320 | -$75,168 | $14,121,321 | $12,967,120 | $1,154,201 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $795,063
- of which government grants
- $794,918
- Program service revenue
- $0
- Investment income
- $706,513
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $146,436
- Other salaries and wages
- $259,826
- Salaries, compensation and benefits (total)
- $504,473
- Professional fundraising fees
- $0
- Legal fees
- $16,956
- Accounting fees
- $150,968
- Travel
- $47,696
- Program services (functional)
- $1,322,436
- Management and general (functional)
- $385,779
Balance sheet and other
- Total assets, start of year
- $22,751,175
- Total assets, end of year
- $27,579,056
- Total liabilities, end of year
- $25,033,267
- Net assets, end of year
- $2,545,789
- Net assets without donor restrictions
- -$713,049
- Net assets with donor restrictions
- $3,258,838
- Gross receipts
- $1,501,576
- Employees
- 9
- Year formed
- 2015
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSAURA MCDONOUGH | Executive Dir. Officer | 40 | $159,414 | $4,526 |
| KENT CURTIS | President Trustee or director, Officer | 5 | $0 | $0 |
| CHRISTIE SPEARS | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH DESROSIERS | Director Trustee or director | 1 | $0 | $0 |
| ERIN KECK | Director Trustee or director | 1 | $0 | $0 |
| SONIA PEREZ | Director Trustee or director | 1 | $0 | $0 |
| BEATRIZ GARCIA WADDELL | Director Trustee or director | 1 | $0 | $0 |
| MARCO G LUCERO | Director Trustee or director | 1 | $0 | $0 |
| JASON MEDINA | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| KRISTY ESQUIBEL | Director Trustee or director | 5 | $0 | $0 |
| SHERRY WANER | Director Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSAURA MCDONOUGH | Executive Dir. Officer | 40 | $146,101 | $335 |
| KENT CURTIS | President Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTIE SPEARS | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| JOSEPH DESROSIERS | Director Trustee or director | 1 | $0 | $0 |
| ERIN KECK | Director Trustee or director | 1 | $0 | $0 |
| SONIA PEREZ | Director Trustee or director | 1 | $0 | $0 |
| BEATRIZ GARCIA WADDELL | Director Trustee or director | 1 | $0 | $0 |
| MARCO G LUCERO | Director Trustee or director | 1 | $0 | $0 |
| JASON MEDINA | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| KRISTY ESQUIBEL | Director Trustee or director | 1 | $0 | $0 |
| SHERRY WANER | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AZAREL MADRIGAL | Executive Dir. Officer | 40 | $103,446 | $2,678 |
| KENT CURTIS | President Trustee or director, Officer | 2 | $0 | $0 |
| CHRISTIE SPEARS | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| DR BEVERLEE MCCLURE | Director Trustee or director | 2 | $0 | $0 |
| LIZA MARRON | Director Trustee or director | 1 | $0 | $0 |
| TY COLEMAN | Director Trustee or director | 1 | $0 | $0 |
| BEATRIZ GARCIA | Director Trustee or director | 1 | $0 | $0 |
| TANYA PEREA DOOSE | Director Trustee or director | 1 | $0 | $0 |
| JASON MEDINA | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2021: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CASSANDRA J WALKER HARVEY | Executive Dir. Officer | 5 | $106,774 |
| KENT CURTIS | President Trustee or director, Officer | 4 | $0 |
| DR BEVERLEE MCCLURE | Director Trustee or director | 1 | $0 |
| CHRISTIE SPEARS | Secretary Trustee or director, Officer | 1 | $0 |
| LIZA MARRON | Director Trustee or director | 1 | $0 |
| TY COLEMAN | Director Trustee or director | 1 | $0 |
| MIKE ROQUE | Treasurer Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1139, ALAMOSA, CO 81101-1139
- Mailing address (990-N for 2016)
- PO Box 1139, Alamosa CO 81101
- Principal officer (990-N for 2016)
- Bill Young, PO Box 1139, Alamosa CO 81101
- Signed the 990
- ROSY MCDONOUGH, Executive Dir.
- Phone
- (970) 375-1100
- Website
- www.fswcf.org
- Return prepared by
- Wall Smith Bateman Inc
Mission
First Southwest Community Fund supports the dedicated entrepreneurial spirit of rural Colorado, by investing in the people, culture and ideas that fuel innovation and financial knowledge in our community, with an emphasis on areas of greatest need.
Program accomplishments
- USDA-IRP- Funds received in the form of a loan from the US Department of Agriculture to fund a revolving loan program that encourages economic development by providing funding for small businesses and agricultural producers that may not qualify for conventional loans, support projects that provide infrastructure and technology in rural communities that lead to new business and job creation, and alleviate poverty in low-income communities by providing opportunities for higher wage jobs.Expenses $1,322,436
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3061703
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $27,579,056
- Income (IRS master file)
- $1,501,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,501,576 | $1,708,215 | $27,579,056 | XML |
| 990 | December 2024 | $1,537,313 | $1,648,106 | $22,751,175 | IRS |
| 990 | December 2023 | $3,246,368 | $1,547,013 | $22,064,797 | XML |
| 990 | December 2022 | $867,703 | $858,038 | $19,365,408 | IRS |
| 990 | December 2021 | $787,152 | $862,320 | $14,121,321 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Bill Young | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3061703).
Questions about FIRST SOUTHWEST COMMUNITY FUND
- What is the EIN of FIRST SOUTHWEST COMMUNITY FUND?
- The employer identification number (EIN) of FIRST SOUTHWEST COMMUNITY FUND is 47-3061703.
- Is FIRST SOUTHWEST COMMUNITY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to FIRST SOUTHWEST COMMUNITY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST SOUTHWEST COMMUNITY FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FIRST SOUTHWEST COMMUNITY FUND due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST SOUTHWEST COMMUNITY FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FIRST SOUTHWEST COMMUNITY FUND?
- The 990-N for 2016 names Bill Young.
- Who are the officers and directors of FIRST SOUTHWEST COMMUNITY FUND?
- The 990 for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $159,414 (ROSAURA MCDONOUGH, Executive Dir.).
- How much revenue does FIRST SOUTHWEST COMMUNITY FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,501,576, expenses of $1,708,215 and total assets of $27,579,056 at year end.
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