Vida Mejor Capital Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCH O
- Income
- $578,389
- Spending
- $556,049
- Spent on programs
- 63%
- Reserves
- 1.4 months of spending
- Largest source of income
- donations and private grants, 55%
- Employees
- 2
- Volunteers
- 6
- Highest pay
- $94,630, treasurer
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 68 out of 100. Higher than 40% of charities in its peer group (community improvement, $250k to $1m).
Reserves
10 of 35Spendable reserves would cover 1.4 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 4% of income.
Income trend
15 of 15Income rose 107% on the year before.
Spending floor
8 of 1563% of spending went to programs and raising each dollar of donations cost 23 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 91 out of 100. Higher than 75% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $155,234 spent. HEALTHY FOOD FINANCING FUND (HFFF): VIDA MEJOR CAPITAL SERVES AS THE FUND ADMINISTRATOR FOR THE NEW MEXICO EDD HEALTHY FOOD FINANCING FUND. THIS PROGRAM IS DESIGNED TO INCREASE ACCESS TO FOOD FOR HISTORICALLY UNDER-RESOURCED COMMUNITIES, ADDRESS WORKFORCE DEVELOPMENT CHALLENGES THROUGH THE CREATION AND RETENTION OF JOBS IN THE AGRICULTURAL AND FOOD SUPPLY CHAIN AND STRENGTHEN AND DIVERSIFY STATE MARKET CHANNELS. THE PROGRAM ALSO SUPPORTS SMALL AND MID-SCALE FOOD AND AGRICULTURAL OPERATIONS, ADVANCES FOOD-SAFE STORAGE AND TRANSPORTATION, AND HELPS PRODUCERS IMPLEMENT REGENERATIVE AGRICULTURAL PRACTICES. IN FY25, VIDA MEJOR CAPITAL, IN COLLABORATION WITH THE NEW MEXICO EDD, FUNDED 8 BUSINESSES WITH $275,000 TO ACHEIVE THESE GOALS. OVER THREE GRANT CYCLES (EDD FY23-25), THE GRANT PROGRAM HAS SUPPORTED 41 BUSINESSES WITH $1,625,000 IN FUNDING. THESE EFFORTS CONTRIBUTE TO IMPROVING CONDITIONS IN NM FOOD DESERTS AND EXPAND ACCESS TO HEALTHY FOOD.
- $146,470 spent. HEALTHY FOOD FINANCING INITIATIVE (HFFI) - VIDA MEJOR CAPITAL IS A PARTNER IN THE USDA HEALTHY FOOD FINANCING INITIATIVE, WHICH SERVES UNDERSERVED COMMUNITIES BY INCREASING ACCESS TO HEALTHY AND FRESH FOOD. THE INITIAL LAUNCH PHASE OF THE PROGRAM AT VIDA MEJOR CAPITAL BEGAN IN FY 2024 AND WILL CONTINUE THROUGH FY29. IN 2025, THE NEW MEXICO HEALTHY FOOD FINANCING FUND PARTNERSHIP LED BY VIDA MEJOR CAPITAL, TRANSITIONED FROM PLANNING INTO ACTIVE PROGRAM IMPLEMENTATION AND EARLY DELIVERY TO USDA-ELIGIBLE NEW MEXICO FOOD RETAIL BUSINESSES. THE FIRST HALF OF THE YEAR FOCUSED ON OUTREACH, ECOSYSTEM ENGAGEMENT, AND FOUNDATIONAL RESEARCH. BUILDING ON INITIAL PLANNING WORK, PARTNERS EXECUTE A COORDINATED OUTREACH STRATEGY AND BEGIN ENGAGING TARGET AUDIENCES STATEWIDE. DURING SPRING 2025, THE PARTNERSHIP CONVENED ROUNDTABLES TO GATHER STAKEHOLDER INPUT, WHICH DIRECTLY INFORMED THE DEVELOPMENT OF ACCELERATOR AND TRAINING CURRICULA. BEGINNING IN MID-2025, THE PARTNERSHIP LAUNCHED CORE PROGRAMMATIC ACTIVITIES. IN JULY 2025, COHORT BASED TECHNICAL ASSISTANCE PROGRAMS, INCLUDING ONE-ON-ONE CONSULTING, SPRINT ACCELERATORS AND IN DEPTH TRAINING SEMINARS WERE INITIATED, TARGETING HEALTHY FOOD FINANCING FUND APPLICANTS AND AWARDEES AS WELL AS BROADER ECOSYSTEM PARTICIPANTS. AT THE SAME TIME, VIDA MEJOR CAPITAL INTRODUCED STATEWIDE NAVIGATION SERVICES, PROVIDING CASE MANAGEMENT STYLE SUPPORT TO HELP BUSINESSES ACCESS TECHNICAL ASSISTANCE, CAPITAL, AND RESOURCES, WHILE ALSO ESTABLISHING PROCESSES FOR ONGOING PERFORMANCE METRIC REVIEW AND PROGRAM REFINEMENT. COLLECTIVELY, 2025 REPRESENTS A PIVOTAL YEAR IN WHICH THE PARTNERSHIP MOVES FROM STRATEGY AND DESIGN INTO INITIAL IMPLEMENTATION TO STRENGTHEN NEW MEXICOS HEALTHY FOOD ECOSYSTEM.
- $46,363 spent. RURAL BUSINESS DEVELOPMENT GRANT- VIDA MEJOR CAPITAL PROVIDED EXPERT INDEPENDENT CONSULTANTS TO DELIVER ONE-ON-ONE TECHNICAL ASSISTANCE TO FIVE NATIVE-OWNED RURAL SMALL BUSINESSES. THIS ONGOING PROJECT IS DESIGNED TO PROMOTE JOB GROWTH AND RETENTION, TRAINING AND TECHNICAL ASSISTANCE, AND OTHER BUSINESS-ORIENTED DEVELOPMENTAL SUPPORT. IN FY 2025, VIDA MEJOR CAPITAL OVERSAW THE DISTRIBUTION OF OVER $38,800 IN GRANTS TO ELIGIBLE BUSINESSES FOR THE INITIAL STAGE OF IDENTIFYING NEEDS, HIRING CONSULTANTS, AND DEVELOPING WORKPLANS.
- PRIMARY EXEMPT PURPOSE: AT VIDA MEJOR CAPITAL, OUR MISSION IS TO EMPOWER NEW MEXICAN SMALL BUSINESSES THROUGH TECHNICAL ASSISTANCE AND EQUITABLE ACCESS TO CAPITAL, WITH A DEDICATED FOCUS ON ADVANCING FOOD JUSTICE, FOOD SOVEREIGNTY, AND ADDRESSING ISSUES OF ENERGY AND DIGITAL INEQUITY. WE ARE COMMITTED TO FOSTERING SUSTAINABLE DEVELOPMENT BY PROVIDING THE NECESSARY RESOURCES AND SUPPORT TO INDIVIDUALS AND ORGANIZATIONS WORKING TOWARDS A MORE JUST AND INCLUSIVE SOCIETY. GUIDED BY PRINCIPLES OF FAIRNESS AND COLLABORATION, VIDA MEJOR CAPITAL STRIVES TO CREASTE LASTING POSITIVE IMPACTS IN THE REALMS OF SOCIAL AND ENVIRONMENTAL JUSTICE, ENSURING A BETTER QUALITY OF LIFE FOR ALL.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
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