Form 990 for tax year 2023
Filed by NEW MEXICO SCHOOL FOR THE ARTS ART INSTITUTE.
Totals
- Total revenue
- $4,949,680
- Total expenses
- $2,881,521
- Contributions and grants received
- $4,039,803
- Grants paid
- $150
- Program service revenue
- $154,211
- Investment income
- $12,740
- Other revenue
- $742,926
- Total assets, end of year
- $30,970,657
- Total liabilities, end of year
- $305,205
- Net assets or fund balances, end of year
- $30,665,452
- Program services expenses (Part IX)
- $1,815,527
- Management and general expenses
- $515,626
- Fundraising expenses
- $550,368
- Program service expenses (Part III)
- $1,815,527
Program services were 63.0% 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.
-
1f · All other contributions, gifts and grants
$4,039,803
-
2a · Program service revenue: SCHOOL FEES
total $93,917 · related or exempt $93,917
-
2b · Program service revenue: RESIDENCE FEES
total $50,184 · related or exempt $50,184
-
2c · Program service revenue: OTHER INCOME
total $10,110 · related or exempt $10,110
-
3 · Investment income
total $12,740 · excluded $12,740
-
6a · Gross rents
real property $407,630
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $407,630
-
6d · Net rental income or loss
total $407,630 · excluded $407,630
-
8a · Fundraising events: gross income
$386,666
-
8b · Fundraising events: direct expenses
$51,370
-
8c · Net income from fundraising events
total $335,296 · excluded $335,296
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $150 · program services $150
-
5 · Compensation of officers, directors and key employees
total $142,506 · management and general $142,506
-
7 · Other salaries and wages
total $1,178,911 · program services $1,027,903 · management and general $151,008
-
9 · Other employee benefits
total $36,209 · program services $21,453 · management and general $14,756
-
10 · Payroll taxes
total $100,794 · program services $82,308 · management and general $18,486
-
11b · Fees: legal
total $3,061 · management and general $3,061
-
11g · Fees: other
total $418,801 · program services $349,943 · management and general $68,858
-
12 · Advertising and promotion
total $1,652 · program services $1,652
-
13 · Office expenses
total $76,997 · program services $41,633 · management and general $33,456 · fundraising $1,908
-
16 · Occupancy
total $128,165 · program services $126,345 · management and general $1,820
-
17 · Travel
total $49,211 · program services $49,076 · management and general $135
-
20 · Interest
total $7,072 · fundraising $7,072
-
22 · Depreciation, depletion and amortization
total $543,039 · program services $2,086 · fundraising $540,953
-
23 · Insurance
total $37,750 · program services $1,576 · management and general $36,174
-
24a · Other expenses: MISCELLANEOUS
total $94,845 · program services $54,544 · management and general $39,866 · fundraising $435
-
24b · Other expenses: PRODUCTION EXPENSES
total $26,093 · program services $26,093
-
24c · Other expenses: MEALS & ENTERTAINMENT
total $25,344 · program services $19,844 · management and general $5,500
-
24d · Other expenses: COMMUNITY COLLABORATION
total $10,921 · program services $10,921
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,628,926 · end of year $1,502,120
-
3 · Pledges and grants receivable
beginning of year $434,716 · end of year $386,561
-
4 · Accounts receivable
beginning of year $37,990 · end of year $38,681
-
9 · Prepaid expenses and deferred charges
beginning of year $13,841
-
10a · Land, buildings and equipment: cost or other basis
$26,777,198
-
10b · Land, buildings and equipment: accumulated depreciation
$2,399,212
-
10c · Land, buildings and equipment, net
beginning of year $24,878,041 · end of year $24,377,986
-
12 · Investments: other securities
beginning of year $1,996,072 · end of year $4,665,309
-
17 · Accounts payable and accrued expenses
beginning of year $41,611 · end of year $15,794
-
23 · Secured mortgages and notes payable
beginning of year $542,994
-
25 · Other liabilities
beginning of year $245,376 · end of year $289,411
-
27 · Net assets without donor restrictions
beginning of year $26,678,140 · end of year $29,015,017
-
28 · Net assets with donor restrictions
beginning of year $1,481,465 · end of year $1,650,435
Mission and programs · 2023
Mission
NEW MEXICO SCHOOL FOR THE ARTS-ART INSTITUTE, ASSISTS PASSIONATE YOUNG ARTISTS IN DEVELOPING THEIR FULL POTENTIAL THROUGH A RIGOROUS MASTER OF ARTS AND ACADEMIC EDUCATION
-
ARTS EDUCATIONAL INSTITUTION PROGRAM WAS ESTABLISHED TO PROVIDE INTENSIVE PRE-PROFESSIONAL ART EDUCATION OF STUDENTS DEMONSTRATING PROMISE, APTITUDE AND PASSION FOR THE ARTS. PROVIDING PROFESSIONAL AND PRE-PROFESSIONAL INSTRUCTIONS THROUGH PROGRAMS OFFERED THROUGHOUT NEW MEXICO. TOTAL STUDENTS SERVED IS APPROXIMATELY 340.
Expenses $1,689,182 · Grants $150 · Revenue $104,017
-
ART EDUCATION STUDENTS MAY OBTAIN HOUSING THROUGH THE SCHOOL IN ORDER TO PARTICIPATE IN THE PROGRAM DURING THE SCHOOL YEAR.
Expenses $126,345 · Revenue $50,184
As filed on the 2023 return.
Listed in Part VII
-
Cindy MontoyaCINDY MONTOYA
EXECUTIVE DIRECTOR
- Total calculated
- $139,703
- From this org
- $139,703
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Carl ThomaCARL THOMA
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Pamela Saunders-AlbinPAMELA SAUNDERS-ALBIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia NavaCYNTHIA NAVA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Nick TellesNICK TELLES
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Dee Ann McIntyreDEE ANN MCINTYRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ian BrowlowIAN BROWLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James HindmanJAMES HINDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laurie Bauman ArnoldLAURIE BAUMAN ARNOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary SloaneMARY SLOANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Natalie Fitz-GeraldNATALIE FITZ-GERALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steve ArnoldSTEVE ARNOLD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Valerie DikerVALERIE DIKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah OrrSARAH ORR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte HetheringtonCHARLOTTE HETHERINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Holly RiceHOLLY RICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew MartinezMATTHEW MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Amy McCombsAMY MCCOMBS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sarah NolanSARAH NOLAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron PayneAARON PAYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah PotterDEBORAH POTTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William MillerWILLIAM MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elmer TorresELMER TORRES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Madeleine WrightMADELEINE WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary RohmanMARY ROHMAN
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
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511359349313481
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