Totals
- Total revenue
- $383,975
- Total expenses
- $727,576
- Contributions and grants received
- $221,397
- Grants paid
- $55,565
- Program service revenue
- $172,518
- Investment income
- $0
- Other revenue
- -$9,940
- Total assets, end of year
- $1,350,672
- Total liabilities, end of year
- $183,299
- Net assets or fund balances, end of year
- $1,167,373
- Program services expenses (Part IX)
- $481,606
- Management and general expenses
- $175,937
- Fundraising expenses
- $70,033
- Program service expenses (Part III)
- $481,606
Program services were 66.2% 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
$1,838
-
1b · Membership dues
$2,990
-
1e · Government grants (contributions)
$110,052
-
1f · All other contributions, gifts and grants
$106,517
-
2a · Program service revenue: Art Sales
total $16,200 · related or exempt $16,200
-
2b · Program service revenue: Event Registration
total $1,173 · related or exempt $1,173
-
2c · Program service revenue: Service Revenue - SCI
total $155,145 · related or exempt $155,145
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$2,641
-
10b · Cost of goods sold
$12,581
-
10c · Net income from sales of inventory
total -$9,940 · related or exempt -$9,940
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $55,565 · program services $55,565
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $91,220 · program services $22,805 · management and general $45,266 · fundraising $23,149
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $209,747 · program services $162,300 · management and general $26,434 · fundraising $21,013
-
8 · Pension plan contributions
total $2,336 · program services $1,688 · fundraising $648
-
9 · Other employee benefits
total $23,443 · program services $13,232 · management and general $5,371 · fundraising $4,840
-
10 · Payroll taxes
total $23,306 · program services $12,673 · management and general $5,021 · fundraising $5,612
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $29,712 · management and general $29,712
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $11,820 · fundraising $11,820
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $52,583 · program services $52,260 · management and general $323
-
12 · Advertising and promotion
total $10,138 · program services $9,944 · management and general $194
-
13 · Office expenses
total $5,378 · program services $379 · management and general $4,999
-
14 · Information technology
total $14,733 · program services $5,699 · management and general $7,022 · fundraising $2,012
-
15 · Royalties
total $0
-
16 · Occupancy
total $12,086 · program services $9,534 · management and general $2,552
-
17 · Travel
total $16,231 · program services $15,397 · management and general $834
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $9,798 · management and general $9,798
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $19,253 · program services $19,253
-
23 · Insurance
total $14,089 · program services $6,126 · management and general $7,963
-
24a · Other expenses: Postage and Shipping
total $24,864 · program services $22,962 · management and general $1,902
-
24b · Other expenses: Exhibition rental fee
total $20,500 · program services $20,500
-
24c · Other expenses: Exhibit materials & expenses
total $14,130 · program services $14,130
-
24d · Other expenses: Printing and Publications
total $11,849 · program services $9,094 · management and general $1,979 · fundraising $776
-
24e · All other expenses
total $54,795 · program services $28,065 · management and general $26,567 · fundraising $163
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $221,334 · end of year $237,887
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $586,230 · end of year $238,160
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $7,498
-
10a · Land, buildings and equipment: cost or other basis
$964,478
-
10b · Land, buildings and equipment: accumulated depreciation
$97,351
-
10c · Land, buildings and equipment, net
beginning of year $879,900 · end of year $867,127
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $35,788 · end of year $29,774
-
19 · Deferred revenue
end of year $12,000
-
24 · Unsecured notes and loans payable
beginning of year $140,702 · end of year $141,525
-
27 · Net assets without donor restrictions
beginning of year $990,974 · end of year $859,373
-
28 · Net assets with donor restrictions
beginning of year $520,000 · end of year $308,000
Mission and programs · 2024
Mission
516 ARTS is a non-collecting contemporary art museum in Albuquerque, New Mexico that celebrates thought-provoking art in the here and now. At the core of its mission, 516 ARTS seeks to connect contemporary artists and diverse audiences. Through exhibitions and public programs that feature a mix of local, national, and international artists, 516 ARTS offers programs that inspire curiosity, dialogue, and creative experimentation.
Activities or mission (Part I)
516 ARTS forges connections between art and audiences by being an active partner in developing the cultural landscape of Albuquerque and New Mexico. 516 ARTS offers programs inspiring curiosity, dialogue, risk-taking and creative experimentation.
-
Exhibitions and Public ProgramsIn 2024, 516 ARTS presented a series of contemporary art exhibitions and over 40 public programs, including artist talks, panel discussions, performances, highlighting our continued collaborative approach. Our programming emphasized underrepresented voices and community-driven dialogue, reaching over 8,000 people in person and over 10,000 through digital and broadcast media. Admissions to the exhibitions are free to remain accessible.
Expenses $277,529 · Revenue $172,518
-
Youth Education516 ARTS expanded its youth education programs in 2024, serving over 750 students through in-school workshops, exhibition tours, youth-led art projects, youth exhibitions, and our 516 BRIDGES peer-to-peer program. This included partnerships with APS Title I schools and community groups to ensure inclusive, arts-based learning experiences focused on identity, place, and creative expression.
Expenses $112,050
-
Fulcrum FundThe Fulcrum Fund, part of the Andy Warhol Foundations Regional Regranting Program, awarded $55,565 in direct grants to New Mexico-based artists for independent, public-facing projects. The process included an open call and a panel of national guest jurors. The program continues to support experimental, risk-taking practices outside traditional institutions.
Expenses $92,027 · Grants $55,565
As filed on the 2024 return.
Listed in Part VII
-
April Chalay
President/ED
- Total calculated
- $91,220
- From this org
- $81,326
- From related orgs
- $0
- Other
- $9,894
- Hours/week
- 40
-
Tim Price
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Black
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Gabriel Castro
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Shawna Brown
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jon VanGaasbeek
Director
- Total calculated
- $0
- Hours/week
- 1
-
Danyelle Means
Director
- Total calculated
- $0
- Hours/week
- 1
-
Adri De la Cruz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen Metzger
Past Director
- Total calculated
- $0
- Hours/week
- 1
-
Pamela Weese Powell
Past Director
- Total calculated
- $0
- Hours/week
- 1
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
- 24 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531149349300848
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