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Nonprofiteer
← NEW MEXICO PHILHARMONIC INC

Form 990 for tax year 2022

Filed by NEW MEXICO PHILHARMONIC INC.

Totals

Total revenue
$2,416,803
Total expenses
$2,639,887
Contributions and grants received
$1,184,492
Grants paid
$0
Program service revenue
$991,044
Investment income
$159,149
Other revenue
$82,118
Total assets, end of year
$814,685
Total liabilities, end of year
$612,654
Net assets or fund balances, end of year
$202,031
Program services expenses (Part IX)
$2,135,366
Management and general expenses
$380,967
Fundraising expenses
$123,554
Program service expenses (Part III)
$2,135,366

Program services were 80.9% 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

    $22,239

  • 1c · Fundraising events

    $101,407

  • 1f · All other contributions, gifts and grants

    $1,060,846

  • 1g · Noncash contributions included above

    $62,522

  • 2a · Program service revenue: TICKET SALES

    total $991,044 · related or exempt $991,044

  • 3 · Investment income

    total $4,501 · excluded $4,501

  • 7a · Gross sales of assets other than inventory

    securities $156,228

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

    securities $1,580

  • 7c · Gain or loss

    securities $154,648

  • 7d · Net gain or loss

    total $154,648 · excluded $154,648

  • 8a · Fundraising events: gross income

    $127,290

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

    $101,407

  • 8b · Fundraising events: direct expenses

    $91,919

  • 8c · Net income from fundraising events

    total $35,371 · excluded $35,371

  • 10a · Gross sales of inventory

    $30,863

  • 10b · Cost of goods sold

    $2,846

  • 10c · Net income from sales of inventory

    total $28,017 · related or exempt $28,017

  • 11a · Other revenue: ADVERTISING INCOME

    total $14,950 · unrelated business $14,950

  • 11b · Other revenue: OTHER REVENUE

    total $3,780 · related or exempt $3,780

  • 11e · Other revenue, total

    $18,730

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $120,290 · program services $96,232 · management and general $24,058

  • 7 · Other salaries and wages

    total $1,279,144 · program services $1,177,253 · management and general $59,908 · fundraising $41,983

  • 8 · Pension plan contributions

    total $3,252 · management and general $3,252

  • 10 · Payroll taxes

    total $124,773 · program services $101,066 · management and general $19,964 · fundraising $3,743

  • 11b · Fees: legal

    total $70,795 · program services $5,785 · management and general $65,010

  • 11c · Fees: accounting

    total $30,482 · program services $2,491 · management and general $27,991

  • 11g · Fees: other

    total $39,019 · program services $3,188 · management and general $35,831

  • 12 · Advertising and promotion

    total $271,070 · program services $193,242 · fundraising $77,828

  • 13 · Office expenses

    total $111,046 · program services $69,476 · management and general $41,570

  • 14 · Information technology

    total $22,276 · management and general $22,276

  • 16 · Occupancy

    total $41,631 · program services $9,663 · management and general $31,968

  • 17 · Travel

    total $9,488 · management and general $9,488

  • 20 · Interest

    total $1,192 · management and general $1,192

  • 22 · Depreciation, depletion and amortization

    total $30,785 · program services $30,785

  • 23 · Insurance

    total $52,493 · program services $18,242 · management and general $34,251

  • 24a · Other expenses: CONCERT PRODUCTION

    total $432,151 · program services $427,943 · management and general $4,208

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,824 · end of year $191,765

  • 4 · Accounts receivable

    beginning of year $277,643 · end of year $303,782

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,440 · end of year $18,440

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

    $388,511

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

    $243,035

  • 10c · Land, buildings and equipment, net

    beginning of year $176,260 · end of year $145,476

  • 11 · Investments: publicly traded securities

    beginning of year $182,876 · end of year $103,120

  • 15 · Other assets

    beginning of year $221,940 · end of year $52,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,622 · end of year $34,821

  • 19 · Deferred revenue

    beginning of year $277,643 · end of year $303,782

  • 24 · Unsecured notes and loans payable

    beginning of year $150,000 · end of year $224,383

  • 25 · Other liabilities

    beginning of year $0 · end of year $49,668

  • 27 · Net assets without donor restrictions

    beginning of year $372,996 · end of year $57,919

  • 28 · Net assets with donor restrictions

    beginning of year $171,722 · end of year $144,112

Mission and programs · 2022

Mission

THE NEW MEXICO PHILHARMONIC'S MISSION IS TO ENRICH LIVES BY PROVIDING EXCELLENT MUSIC, COMMUNITY ENGAGEMENT AND EDUCATIONAL OPPORTUNITIES.

Activities or mission (Part I)

AS THE MAJOR PROFESSIONAL ORCHESTRA IN THE STATE, THE NEW MEXICO PHILHARMONIC IS COMMITTED TO INSPIRING AUDIENCES OF ALL AGES AND BACKGROUNDS THROUGH ITS ARTISTIC EXCELLENCE, INNOVATIVE PROGRAMMING AND EDUCATION, AND COMMUNITY ENGAGEMENT.

  • SEASON V 2022-23 HIGHLIGHTS:ORGANIZATIONAL:THIRTEEN CONCERTS PERFORMED AT POPEJOY HALL, AN 1800 SEAT AUDITORIUM. TEN CLASSICS PROGRAMS, INCLUDING A THREE CONCERT TCHAIKOVSKY FESTIVAL, THE OLGA KERN INTERNATIONAL PIANO COMPETITION AND THREE POPS CONCERTS. OUTDOOR CONCERTS CONTINUED TO BE PERFORMED AT TWO NEW LOCATIONS, THE SKY ROOM IN RIO RANCHO AND BOTANIC GARDEN IN ALBUQUERQUE. BOTH CONCERTS WERE EITHER FREE ADMISSION OR LOW-COST ADMISSION AND ATTRACTED A TOTAL OF 12,000 AUDIENCE MEMBERS OF ALL AGES. THE EDUCATION INITIATIVES WERE CONTINUED . THE YOUNG MUSICIAN INITIATIVE MONDAY-THURSDAY PROGRAM TAKING PLACE EVERY DAY. THE MAIN CLASSICS SERIES AS WELL AS ROCK & POPS SERIES TOOK PLACE IN THE LARGE VENUE POPEJOY HALL. THE ORCHESTRA PERFORMED SMALLER SIZED ORCHESTRA CONCERTS AT IMMANUEL PRESBYTERIAN CHURCH INCLUDING A WINTER POPS SERIES, AFTERNOON CLASSICS, COFFEE CONCERTS AND A NEW SERIES OF LOW COST CONCERTS PROGRAMED FOR FAMILIES CALLED THE POWER CONCERTS. 25 FREE TICKETS FOR EACH CONCERT WERE OFFERED TO VETERANS THROUGH THE VETTIX PROGRAM. EDUCATION-YOUNG MUSICIAN INITIATIVE BASED ON EL SISTEMA, AN IN-DEPTH MUSIC LEARNING INITIATIVE. PROGRAM WHICH TOOK PLACE AT DOLORES GONZALES ELEMENTARY SCHOOL. OVER 50 CHILDREN FROM TITLE ONE SCHOOLS PARTICIPATE IN THE PROGRAM. -YOUTH CONCERTS CONTINUE - 8 CONCERTS OFFERED TO ALL FOURTH AND FIFTH GRADE STUDENTS IN THE ALBUQUERQUE PUBLIC SCHOOL SYSTEM.-ELEMENTARY SCHOOL ENSEMBLE VISITS FOR SECOND GRADE STUDENTS - CONTINUE WITH 10 PERFORMANCES.-$30 ALL CONCERT ACCESS SOUND CARDS OFFERED TO STUDENTS THROUGH COLLEGE AGE, 244 SOLD.-$10 STUDENT RUSH TICKETS OFFERED FOR EVERY CONCERT.-STUDENTS FROM RURAL COMMUNITIES WERE OFFERED FREE TICKETS UPON REQUEST.FUNDRAISING-CONCERT SPONSORSHIPS OVER $90,000.-$60,000 GRANT FROM MEREDITH FOUNDATION.-$95,737 GRANT FROM ALBUQUERQUE COMMUNITY FOUNDATION.-ANNUAL FUND DRIVE IN EXCESS OF $200,000.

    Expenses $2,135,366 · Revenue $1,022,841

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Maureen Baca

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • David W Peterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kory Hoggan CPA

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Al Stotts

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Joel Baca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ruth Bitsui

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Campbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Domme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fritz Eberle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Romero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward Rose MD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terrence Sloan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tatiana Vetrinskaya

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rachael Speegle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marian Tanau

    PRESIDENT & CEO

    Total calculated
    $120,290
    From this org
    $119,138
    From related orgs
    $0
    Other
    $1,152
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 July 2024
IRS schema version
2022v5.0
Source object
202441979349301154

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

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