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Nonprofiteer
← ALBUQUERQUE MUSEUM FOUNDATION INC

Form 990 for tax year 2024

Filed by ALBUQUERQUE MUSEUM FOUNDATION INC.

Totals

Total revenue
$2,549,442
Total expenses
$2,477,875
Contributions and grants received
$1,727,171
Grants paid
$0
Program service revenue
$0
Investment income
$549,004
Other revenue
$273,267
Total assets, end of year
$19,400,004
Total liabilities, end of year
$63,414
Net assets or fund balances, end of year
$19,336,590
Program services expenses (Part IX)
$1,327,985
Management and general expenses
$643,359
Fundraising expenses
$506,531
Program service expenses (Part III)
$1,327,985

Program services were 53.6% 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

    $491,054

  • 1c · Fundraising events

    $109,294

  • 1e · Government grants (contributions)

    $119,195

  • 1f · All other contributions, gifts and grants

    $1,007,628

  • 1g · Noncash contributions included above

    $7,228

  • 3 · Investment income

    total $450,393 · excluded $450,393

  • 6a · Gross rents

    real property $8,400

  • 6b · Less rental expenses

    real property $4,592

  • 6c · Rental income or loss

    real property $3,808

  • 6d · Net rental income or loss

    total $3,808 · excluded $3,808

  • 7a · Gross sales of assets other than inventory

    securities $2,009,964

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

    securities $1,911,353

  • 7c · Gain or loss

    securities $98,611

  • 7d · Net gain or loss

    total $98,611 · excluded $98,611

  • 8a · Fundraising events: gross income

    $49,590

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

    $109,294

  • 8b · Fundraising events: direct expenses

    $107,793

  • 8c · Net income from fundraising events

    total -$58,203 · excluded -$58,203

  • 10a · Gross sales of inventory

    $544,195

  • 10b · Cost of goods sold

    $360,395

  • 10c · Net income from sales of inventory

    total $183,800 · related or exempt $183,800

  • 11a · Other revenue: EMPLOYEE RETENTION CREDIT

    total $134,121 · excluded $134,121

  • 11b · Other revenue: OTHER INCOME

    total $9,741 · excluded $9,741

  • 11e · Other revenue, total

    $143,862

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $165,000 · program services $16,500 · management and general $74,250 · fundraising $74,250

  • 7 · Other salaries and wages

    total $702,566 · program services $272,916 · management and general $149,867 · fundraising $279,783

  • 8 · Pension plan contributions

    total $19,089 · program services $4,638 · management and general $3,658 · fundraising $10,793

  • 9 · Other employee benefits

    total $16,338 · program services $3,970 · management and general $3,131 · fundraising $9,237

  • 10 · Payroll taxes

    total $67,824 · program services $22,278 · management and general $17,863 · fundraising $27,683

  • 11b · Fees: legal

    total $454 · management and general $454

  • 11c · Fees: accounting

    total $97,374 · management and general $97,374

  • 11d · Fees: lobbying

    total $36,486 · program services $36,486

  • 11f · Fees: investment management

    total $87,136 · management and general $87,136

  • 11g · Fees: other

    total $155,746 · program services $155,746

  • 12 · Advertising and promotion

    total $35,855 · program services $35,855

  • 13 · Office expenses

    total $57,094 · program services $12,082 · management and general $27,725 · fundraising $17,287

  • 14 · Information technology

    total $23,114 · program services $4,623 · management and general $18,491

  • 16 · Occupancy

    total $32,277 · program services $1,535 · management and general $30,742

  • 17 · Travel

    total $20,882 · program services $15,492 · management and general $3,190 · fundraising $2,200

  • 22 · Depreciation, depletion and amortization

    total $39,610 · program services $2,340 · management and general $37,270

  • 23 · Insurance

    total $38,306 · program services $7,661 · management and general $30,645

  • 24a · Other expenses: EXHIBITS

    total $290,355 · program services $290,355

  • 24b · Other expenses: OTHER MUSEUM SUPPORT

    total $259,547 · program services $245,320 · fundraising $14,227

  • 24c · Other expenses: EDUCATION PROGRAMS

    total $88,228 · program services $81,495 · fundraising $6,733

  • 24d · Other expenses: SPECIAL EVENTS

    total $80,670 · program services $49,512 · fundraising $31,158

  • 24e · All other expenses

    total $163,924 · program services $69,181 · management and general $61,563 · fundraising $33,180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,677 · end of year $676,867

  • 2 · Savings and temporary cash investments

    beginning of year $282,699 · end of year $617,061

  • 3 · Pledges and grants receivable

    beginning of year $32,721

  • 4 · Accounts receivable

    beginning of year $12,733

  • 8 · Inventories for sale or use

    beginning of year $216,653 · end of year $122,548

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,391 · end of year $6,493

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

    $2,086,169

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

    $857,149

  • 10c · Land, buildings and equipment, net

    beginning of year $1,268,630 · end of year $1,229,020

  • 11 · Investments: publicly traded securities

    beginning of year $14,117,826 · end of year $14,532,960

  • 12 · Investments: other securities

    beginning of year $486,546 · end of year $672,955

  • 15 · Other assets

    beginning of year $1,542,100 · end of year $1,542,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,558 · end of year $63,414

  • 27 · Net assets without donor restrictions

    beginning of year $7,424,008 · end of year $7,762,448

  • 28 · Net assets with donor restrictions

    beginning of year $10,638,410 · end of year $11,574,142

Mission and programs · 2024

Mission

THE ALBUQUERQUE MUSEUM FOUNDATION - AN INDEPENDENT, NONPROFIT CORPORATION - RAISES FUNDS FOR THE ALBUQUERQUE MUSEUM.

  • EXHIBITION SUPPORT- FUNDING TO THE MUSEUM PROVIDED FY2024- 2025 EXHIBIT SUPPORT TO HELP BRING WORLDCLASS EXHIBITIONS TO NEW MEXICO. THE FOUNDATION SUPPORTED EXHIBITS INCLUDED: BROKEN BOXES: A DECADE OF ART, ACTION, AND DIALOGUE, VIVARIUM: EXPLORING INTERSECTIONS OF ART, STORYTELLING, AND THE RESILIENCE OF THE LIVING WORLD, MAKING AMERICAN ARTISTS: STORIES FROM THE PENNSYLVANIA ACADEMY OF FINE ARTS, COAST TO COAST TO COAST: INDIGENOUS ART FROM THE MCMICHAEL CANADIAN ART COLLECTION, LIGHT, SPACE & THE SHAPE OF TIME, ABSTRACTING NATURE. FY2024-2025 FUNDS WERE SPENT IN THE USUAL AREAS OF EXHIBITION PAYMENTS, DELIVERY COSTS, EXHIBITION BUILD OUTS, PROMOTION AND ADVERTISING.

    Expenses $677,792

  • EDUCATION FUNDING - THE FOUNDATION IS THE PRIMARY PROVIDER OF THE MUSEUM'S EDUCATIONAL FUNDING INCLUDING THE MAGIC BUS PROGRAM, WHICH OFFERS TRANSPORTATION, CURRICULUM SUPPORT, AND TRAINED GUIDES FOR K-12 VISITS TO THE MUSEUM AND CASA SAN YSIDRO. DURING FY24-25, 11,000 LOCAL STUDENTS WERE SERVED. ADDITIONAL SUPPORT FOR COMMUNITY PROGRAMMING, INCLUDING FREE THIRD THURSDAY AND SECOND SATURDAY EVENTS, WHICH OFFER EDUCATIONAL ACTIVITIES, ART AND HISTORY PROJECTS, AND PERFORMING ARTS PROGRAMS FOR FAMILIES. REGGIE BEHL SCHOLARSHIP AWARD RECIPIENTS RECEIVE FULL SCHOLARSHIPS TO ATTEND THE MUSEUM SCHOOL.

    Expenses $288,223

  • MEMBERSHIP PROGRAM - THE MUSEUM'S MEMBERSHIP PROGRAM IS MANAGED BY THE FOUNDATION AND PROVIDES FINANCIAL SUPPORT FOR ASSOCIATED EXPENSES SUCH AS MEMBER EXHIBITION OPENINGS, MAILINGS, A QUARTERLY MAGAZINE PUBLISHED BY THE FOUNDATION, CALENDAR OF EVENTS, MEMBERSHIP DATABASE, ELECTRONIC MEMBERSHIP CARD CAPABILITIES, AND A WEBSITE DEDICATED TO KEEPING MEMBERS INFORMED OF UPCOMING EVENTS. THE FOUNDATION ALSO OPERATES THE MUSEUM STORE AND OVERSEES THE OPERATION OF THE MUSEUM CAF, BOTH AS AMENITIES FOR MEMBERS AS WELL AS GUESTS OF THE MUSEUM.

    Expenses $361,970

As filed on the 2024 return.

Listed in Part VII

  • HANK ANDREWS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • HAL BEHL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DAVID BOWER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JESSICA CAROTHERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ADAM CIEPELA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JON DRURY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CARRIE EATON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • ALEX HAUGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • LOUIS HUNNING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JONATHAN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • RHETT LYNCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JOE MCKINNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JOE MONAHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • EMILY ORTIZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DENNIS OWENS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MARTA PARNALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • MELISSA ROSEN FRANKEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • SARAH SANTORU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • TRACY SHERMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • RYAN SINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • JEFFREY SQUIRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CHRIS THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • KEVIN URQUHART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • CLAUDIA VALLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • PAMELA WEESE-POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • STEPHANIE DEL CAMPO

    CHAIR

    Total calculated
    $0
    Hours/week
    8

  • JOSEF DIAZ

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    3

  • KENTON VAN HARTEN

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • ROBERTO ORTEGA

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • RODDY THOMSON

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    3

  • ANDREW RODGERS

    PRES/CEO TO

    Total calculated
    $130,086
    From this org
    $108,672
    From related orgs
    $0
    Other
    $21,414
    Hours/week
    40

  • JOHN MARTINEZ

    PRESIDENT/CE

    Total calculated
    $111,375
    From this org
    $111,375
    From related orgs
    $0
    Other
    $0
    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
2024
Filed
12 May 2026
IRS schema version
2024v5.0
Source object
202601329349303750

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