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Nonprofiteer
← NEW MEXICO MULTI-CULTURAL FOUNDATION INC

Form 990 for tax year 2023

Filed by NEW MEXICO MULTI-CULTURAL FOUNDATION INC.

Totals

Total revenue
$372,782
Total expenses
$197,282
Contributions and grants received
$206,372
Grants paid
$182,388
Program service revenue
$0
Investment income
$13,983
Other revenue
$152,427
Total assets, end of year
$507,211
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$507,211
Program services expenses (Part IX)
$185,514
Management and general expenses
$11,768
Fundraising expenses
$0
Program service expenses (Part III)
$185,514

Program services were 94.0% 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.

  • 1b · Membership dues

    $123,782

  • 1f · All other contributions, gifts and grants

    $82,590

  • 3 · Investment income

    total $13,983 · excluded $13,983

  • 8a · Fundraising events: gross income

    $249,898

  • 8b · Fundraising events: direct expenses

    $97,471

  • 8c · Net income from fundraising events

    total $152,427 · excluded $152,427

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $182,388 · program services $182,388

  • 11c · Fees: accounting

    total $1,454 · management and general $1,454

  • 11g · Fees: other

    total $2,240 · management and general $2,240

  • 13 · Office expenses

    total $1,331 · management and general $1,331

  • 17 · Travel

    total $148 · program services $148

  • 19 · Conferences, conventions and meetings

    total $1,750 · program services $1,750

  • 22 · Depreciation, depletion and amortization

    total $5,983 · management and general $5,983

  • 23 · Insurance

    total $1,228 · program services $1,228

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $760 · management and general $760

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $309,044 · end of year $488,825

  • 10a · Land, buildings and equipment: cost or other basis

    $85,003

  • 10b · Land, buildings and equipment: accumulated depreciation

    $76,027

  • 10c · Land, buildings and equipment, net

    beginning of year $14,959 · end of year $8,976

  • 15 · Other assets

    beginning of year $10,000 · end of year $9,410

  • 27 · Net assets without donor restrictions

    beginning of year $334,003 · end of year $507,211

Mission and programs · 2023

Mission

TO PROMOTE THE MULITPLE CULTURES WITHIN THE STATE OF NEW MEXICO AND TO EDUCATE THE PUBLIC ABOUT THESE CULTURES.

Activities or mission (Part I)

THE ORGANIZATION'S PURPOSE IS TO PROMOTE THE MULTIPLE CULTURES WITHIN THE STATE OF NEW MEXICO AND TO EDUCATE THE PUBLIC ABOUT THESE CULTURES.

  • TO PROMOTE THE MULITPLE CULTURES WITHIN THE STATE OF NEW MEXICO AND TO EDUCATE THE PUBLIC ABOUT THESE CULTURES.

    Expenses $185,514 · Grants $182,388

As filed on the 2023 return.

Listed in Part VII

  • JAMES M LONG

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • REBECCA LONG

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • ADRIAN PEREZ

    DIRECTOR

    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
2023
Filed
20 March 2024
IRS schema version
2023v5.0
Source object
202440879349300614

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