The History of Common Bond
Common Bond, the organization, was originally incorporated in 1981 with the mission of building an LGBTQ community in Albuquerque. It stands today as the oldest active LGBTQ organization in New Mexico.
At the time Common Bond was being formed, such organizations were considered “social” and were not granted 501(c)3 tax-exempt status. Instead, the organization could only attain 501(c)6 status that “provides for the exemption of business leagues, chambers of commerce, real estate boards, boards of trade and professional football leagues, which are not organized for profit,” per the IRS.
In order to raise funds in a tax-exempt fashion, the Common Bond Educational Fund was incorporated in 1984 and did successfully attain 501(c)3 tax-exempt status. The Common Bond Educational Fund was administered entirely by Common Bond Inc., and funded all of the original programs of Common Bond.
The organization operated in this fashion until 2005 when both organizations merged and the Common Bond Educational Fund and was renamed the Common Bond New Mexico Foundation. The new foundation was granted 501(c)3 tax-exempt status in 2006. Refer to our disclosure documents for more details.
Many of the programs that currently serve the LGBTQ+ community of Albuquerque today were initially funded by Common Bond. Such programs include the Gay Men’s Chorus, the LGBT Chamber of Commerce, SAGE Albuquerque, and Albuquerque PRIDE. Over the years, Common Bond has acquired or sponsored programs begun by other organizations as well. Presently Common Bond has two very successful, long-running programs: Under 21 (U-21 Safety Net) and The Emergency Project.