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Nonprofiteer
← NEW MEXICO PHILHARMONIC FOUNDATION INC

Form 990 for tax year 2024

Filed by NEW MEXICO PHILHARMONIC FOUNDATION INC.

Totals

Total revenue
$429,326
Total expenses
$172,373
Contributions and grants received
$179,804
Grants paid
$132,500
Program service revenue
$0
Investment income
$249,522
Other revenue
$0
Total assets, end of year
$2,633,275
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,633,275
Program services expenses (Part IX)
$132,500
Management and general expenses
$26,577
Fundraising expenses
$13,296
Program service expenses (Part III)
$132,500

Program services were 76.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $179,804

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $82,267 · related or exempt $0 · unrelated business $0 · excluded $82,267

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,226,339 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $2,059,084 · other assets $0

  • 7c · Gain or loss

    securities $167,255 · other assets $0

  • 7d · Net gain or loss

    total $167,255 · related or exempt $0 · unrelated business $0 · excluded $167,255

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $132,500 · program services $132,500

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,991 · program services $0 · management and general $1,991 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $22,372 · program services $0 · management and general $22,372 · fundraising $0

  • 12 · Advertising and promotion

    total $4,947 · fundraising $4,947

  • 13 · Office expenses

    total $1,304 · management and general $1,304

  • 23 · Insurance

    total $910 · management and general $910

  • 24a · Other expenses: DEVELOPMENT EXPENSE

    total $8,349 · program services $0 · management and general $0 · fundraising $8,349

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,170 · end of year $69,157

  • 11 · Investments: publicly traded securities

    beginning of year $2,315,970 · end of year $2,564,030

  • 15 · Other assets

    beginning of year $0 · end of year $88

  • 27 · Net assets without donor restrictions

    beginning of year $1,129,140 · end of year $1,379,376

  • 28 · Net assets with donor restrictions

    beginning of year $1,190,000 · end of year $1,253,899

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE NEW MEXICO PHILHARMONIC FOUNDATION (NMPF) SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHIHARMONIC, INC. (NMPHIL,) FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE CORPORATION IS ORGANIZED FOR THE PURPOSES OF USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NMPHIL, A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACTIVITIES WHICH MAY BE RELATED THE THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NMPF, AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PROPER, OR NECESSARY.

  • TO RECEIVE, HOLD, INVEST, ADMINISTER PRESERVE, AND PROTECT ENDOWMENT FUNDS AND OTHER FINANCIAL RESOURCES TO ASSIST THE NEW MEXICO PHILHARMONIC INC. IN PROVIDING QUALITY CLASSICAL MUSIC, EDUCATION, ENJOYMENT, CULTURAL ENRICHMENTS, AND SUPPLEMENTAL RELATED SERVICES TO THE PEOPLE OF NEW MEXICO.

    Expenses $132,500 · Grants $132,500

  • N/A

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Baca

    President

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Romero

    Vice-President

    Total calculated
    $0
    Hours/week
    2

  • Barbara Rivers

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Daniel Conklin

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Charles Eberle MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Thomas Martin MD

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Lee Blaugrund

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
11 July 2025
IRS schema version
2024v5.0
Source object
202502189349301965

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