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Nonprofiteer
← THE TAOS COMMUNITY FOUNDATION INC

Form 990 for tax year 2024

Filed by THE TAOS COMMUNITY FOUNDATION INC.

Totals

Total revenue
$4,411,933
Total expenses
$3,787,355
Contributions and grants received
$3,488,317
Grants paid
$2,288,433
Program service revenue
$28,457
Investment income
$927,173
Other revenue
-$32,014
Total assets, end of year
$25,895,932
Total liabilities, end of year
$2,618,086
Net assets or fund balances, end of year
$23,277,846
Program services expenses (Part IX)
$3,295,826
Management and general expenses
$465,456
Fundraising expenses
$26,073
Program service expenses (Part III)
$3,295,826

Program services were 87.0% 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.

  • 1c · Fundraising events

    $77,611

  • 1f · All other contributions, gifts and grants

    $3,410,706

  • 1g · Noncash contributions included above

    $675,827

  • 2a · Program service revenue: ADMINISTRATION FEES

    total $22,292 · related or exempt $22,292

  • 2b · Program service revenue: SPECIAL PROJECT FEES

    total $6,165 · related or exempt $6,165

  • 3 · Investment income

    total $641,841 · excluded $641,841

  • 7a · Gross sales of assets other than inventory

    securities $2,536,198

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

    securities $2,250,866

  • 7c · Gain or loss

    securities $285,332

  • 7d · Net gain or loss

    total $285,332 · excluded $285,332

  • 8a · Fundraising events: gross income

    $0

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

    $77,611

  • 8b · Fundraising events: direct expenses

    $34,150

  • 8c · Net income from fundraising events

    total -$34,150 · excluded -$34,150

  • 11a · Other revenue: OTHER INCOME

    total $2,136 · related or exempt $2,136

  • 11e · Other revenue, total

    $2,136

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,201,038 · program services $2,201,038

  • 2 · Grants to domestic individuals

    total $87,395 · program services $87,395

  • 5 · Compensation of officers, directors and key employees

    total $120,560 · program services $91,625 · management and general $25,318 · fundraising $3,617

  • 7 · Other salaries and wages

    total $409,306 · program services $312,008 · management and general $86,859 · fundraising $10,439

  • 8 · Pension plan contributions

    total $12,108 · program services $9,224 · management and general $2,564 · fundraising $320

  • 9 · Other employee benefits

    total $32,788 · program services $24,995 · management and general $6,958 · fundraising $835

  • 10 · Payroll taxes

    total $35,287 · program services $26,882 · management and general $7,471 · fundraising $934

  • 11b · Fees: legal

    total $411 · program services $253 · management and general $148 · fundraising $10

  • 11c · Fees: accounting

    total $152,592 · program services $94,127 · management and general $54,835 · fundraising $3,630

  • 11f · Fees: investment management

    total $61,989 · management and general $61,989

  • 11g · Fees: other

    total $451,883 · program services $282,605 · management and general $164,636 · fundraising $4,642

  • 12 · Advertising and promotion

    total $72,734 · program services $54,738 · management and general $17,996

  • 13 · Office expenses

    total $74,714 · program services $56,069 · management and general $18,645

  • 16 · Occupancy

    total $30,071 · program services $22,397 · management and general $7,363 · fundraising $311

  • 17 · Travel

    total $32,590 · program services $23,791 · management and general $7,821 · fundraising $978

  • 22 · Depreciation, depletion and amortization

    total $11,889 · program services $8,679 · management and general $2,853 · fundraising $357

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,527,879 · end of year $1,973,068

  • 2 · Savings and temporary cash investments

    beginning of year $126,910 · end of year $103,061

  • 3 · Pledges and grants receivable

    beginning of year $6,600 · end of year $1,098

  • 4 · Accounts receivable

    beginning of year $52,625 · end of year $35,557

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,429 · end of year $28,779

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

    $615,323

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

    $277,562

  • 10c · Land, buildings and equipment, net

    beginning of year $349,650 · end of year $337,761

  • 11 · Investments: publicly traded securities

    beginning of year $20,428,421 · end of year $23,380,565

  • 15 · Other assets

    beginning of year $567,151 · end of year $36,043

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,963 · end of year $154,166

  • 18 · Grants payable

    beginning of year $199,152 · end of year $227,371

  • 25 · Other liabilities

    beginning of year $2,058,546 · end of year $2,236,549

  • 27 · Net assets without donor restrictions

    beginning of year $1,491,276 · end of year $1,826,413

  • 28 · Net assets with donor restrictions

    beginning of year $20,233,728 · end of year $21,451,433

Mission and programs · 2024

Mission

SEE SCHEDULE OTHE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN TAOS AND WESTERN COLFAX COUNTIES BY BUILDING AND MANAGING ENDOWMENT FUNDS, BY AWARDING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS, BY CONVENING AREA RESIDENTS TO DISCUSS ISSUES OF CRITICAL IMPORTANCE TO THE COMMUNITY, AND BY PROVIDING LEADERSHIP FOR KEY COMMUNITY INITIATIVES. 30,000 PEOPLE SERVED.

Activities or mission (Part I)

THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE IN THE COMMUNITIES WE SERVE.

  • GRANTS ARE MADE FROM DONOR ADVISED, DESIGNATED, ENDOWMENT, SCHOLARSHIP, DISCRETIONARY, AND EMERGENCY FUNDS, TO LOCAL NONPROFIT ORGANIZATIONS IN THE ARTS, CIVIC AFFAIRS, EDUCATION, ENVIRONMENT, AND HEALTH AND HUMAN SERVICES. PROGRAM SERVICES INCLUDE GRANTS MANAGEMENT, TECHNICAL ASSISTANCE TRAINING FOR LOCAL NONPROFIT ORGANIZATIONS, AND CONVENING AND LEADING COMMUNITY COLLABORATION EFFORTS.

    Expenses $3,295,826 · Grants $2,288,433 · Revenue $30,593

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

Listed in Part VII

  • George Jaramillo

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Abby Sanger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Laurie Mitchell Dunn

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Alfredo Vigil

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ken Bergren

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Juliann Bertone

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dr Catherine Collins

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dave Lambert

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Sue McDowell

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • David Norden

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Bettina Sandoval

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Santistevan

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Bobby Spinelli

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Contessa Trujillo

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Cj Grace

    CEO

    Total calculated
    $120,559
    From this org
    $111,270
    From related orgs
    $0
    Other
    $9,289
    Hours/week
    35 + 5 related

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

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TAOS PROPERTY FOUNDATION INC

    501(C)(3) · TO ACCEPT AND LIQUIDATE REAL ESTATE GIFTS FOR THE BENEFIT OF THE FOUNDATION · NM · controlled entity

    Directly controlled by TAOS COMMUNITY FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2026
IRS schema version
2024v5.5
Source object
202601349349301885

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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