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Nonprofiteer
← FUSION

Form 990 for tax year 2024

Filed by FUSION.

Totals

Total revenue
$675,726
Total expenses
$680,360
Contributions and grants received
$267,529
Grants paid
$0
Program service revenue
$343,046
Investment income
$0
Other revenue
$65,151
Total assets, end of year
$1,574,438
Total liabilities, end of year
$1,236,124
Net assets or fund balances, end of year
$338,314
Program services expenses (Part IX)
$546,687
Management and general expenses
$103,723
Fundraising expenses
$29,950
Program service expenses (Part III)
$546,687

Program services were 80.4% 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.

  • 1e · Government grants (contributions)

    $112,129

  • 1f · All other contributions, gifts and grants

    $155,400

  • 2a · Program service revenue: Theater Productions

    total $343,046 · related or exempt $343,046

  • 6a · Gross rents

    real property $65,151

  • 6c · Rental income or loss

    real property $65,151

  • 6d · Net rental income or loss

    total $65,151 · related or exempt $65,151

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,748 · program services $76,374 · management and general $61,099 · fundraising $15,275

  • 7 · Other salaries and wages

    total $118,305 · program services $118,305

  • 9 · Other employee benefits

    total $37,532 · program services $26,957 · management and general $8,460 · fundraising $2,115

  • 10 · Payroll taxes

    total $29,816 · program services $21,415 · management and general $6,720 · fundraising $1,681

  • 11c · Fees: accounting

    total $3,428 · program services $686 · management and general $1,162 · fundraising $1,580

  • 12 · Advertising and promotion

    total $660 · program services $594 · fundraising $66

  • 13 · Office expenses

    total $43,904 · program services $35,123 · management and general $6,586 · fundraising $2,195

  • 16 · Occupancy

    total $67,876 · program services $61,089 · management and general $4,751 · fundraising $2,036

  • 17 · Travel

    total $3,750 · program services $3,750

  • 20 · Interest

    total $29,195 · program services $23,356 · management and general $5,839

  • 22 · Depreciation, depletion and amortization

    total $35,900 · program services $26,925 · management and general $8,975

  • 23 · Insurance

    total $1,308 · program services $1,177 · management and general $131

  • 24a · Other expenses: Production Costs

    total $67,068 · program services $67,068

  • 24b · Other expenses: Artist fees

    total $83,868 · program services $83,868

  • 24c · Other expenses: Events

    total $5,002 · fundraising $5,002

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $487,375 · end of year $493,104

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

    $1,285,388

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

    $204,054

  • 10c · Land, buildings and equipment, net

    beginning of year $1,117,234 · end of year $1,081,334

  • 23 · Secured mortgages and notes payable

    beginning of year $619,749 · end of year $606,223

  • 24 · Unsecured notes and loans payable

    beginning of year $641,912 · end of year $629,901

  • 27 · Net assets without donor restrictions

    beginning of year $342,948 · end of year $338,314

Mission and programs · 2024

Mission

The Organizations mission is to enhance the quality of performing arts in Albuquerque, NM

  • The Organization performed live performances during the year and returned to their normal schedule of performances supporting local artists and the art community in Albuq., NM.

    Expenses $546,687 · Grants $112,129 · Revenue $343,046

As filed on the 2024 return.

Listed in Part VII

  • Dennis Gromelski

    Board Chairman

    Total calculated
    $74,556
    From this org
    $74,556
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Jacqueline Reid

    Treasurer

    Total calculated
    $72,045
    From this org
    $72,045
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Laurie Thomas

    Secretary

    Total calculated
    $6,146
    From this org
    $6,146
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Andrew Connors

    Director

    Total calculated
    $0
    Hours/week
    1

  • Justine Fox Young

    Director

    Total calculated
    $0
    Hours/week
    2

  • Charlie Hawkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Squires

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nick Chavez

    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
13 November 2025
IRS schema version
2024v5.2
Source object
202523189349315022

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