2023-11-07T19:38:01-05:00 2022-12-31 843463346 LOFTIS & LOVATO GROUP 5501 EAGLE ROCK AVE NE SUITE C-5 ALBUQUERQUE NM 87113 990 2022-01-01 822109038 NEW MEXICO PHILHARMONIC FOUNDATION INC NEWM 5054049808 PO BOX 16422 ALBUQUERQUE NM 87191 KORY HOGGAN CPA TREASURER 5054049808 2023-11-06 true KORY HOGGAN 999009999 true NICK LOFTIS P00546190 5052935009 2023-11-06 2022 2023-04-26 12:10:37Z STEPHEN S BACA PO BOX 16422 ALBUQUERQUE NM 87191 1799955 false X HTTP://NMPHILFOUNDATION.ORG X 2017 NM THE NEW MEXICO PHILHARMONIC FOUNDATION SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHILHARMONIC,INC., FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A COMPLETELY TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NEW MEXICO PHILHARMONIC, INC., A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACTIVITIES WHICH MAY BE RELATED TO THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NEW MEXICO PHILHARMONIC FOUNDATION, INC., AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PR 7 7 0 7 0 1505644 139925 0 38342 -91380 0 1543986 48545 25000 10000 0 0 0 4289 20695 33335 45695 43335 1498291 5210 2300109 2062281 0 2300109 2062281 X THE NEW MEXICO PHILHARMONIC FOUNDATION SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHILHARMONIC,INC., FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A COMPLETELY TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NEW MEXICO PHILHARMONIC, INC., A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACTIVITIES WHICH MAY BE RELATED TO THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NEW MEXICO PHILHARMONIC FOUNDATION, INC., AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PR false false 10000 10000 TO RECEIVE, HOLD, INVEST, ADMINISTER, PRESERVE, AND PROTECT ENDOWMENT FUNDS AND OTHER FINANCIAL RESOURCES TO ASSIST THE NEW MEXICO PHILHARMONIC INC. IN PROVIDING QUALITY CLASSICAL MUSIC, EDUCATION, ENJOYMENT, CULTURAL ENRICHMENTS, AND SUPPLEMENTAL RELATED SERVICES TO THE PEOPLE OF NEW MEXICO. 10000 true true false false false false false false false true false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false false X 7 7 false false false false false false false true true false false true true true true false false false false false NM X KORY HOGGAN CPA 5054049808 PO BOX 16422 ALBUQUERQUE NM 87191 X STEPHEN S BACA PRESIDENT 2.00 X X 0 0 0 JEFFREY ROMERO VICE PRESIDE 2.00 X X 0 0 0 BARBARA RIVERS SECRETARY 2.00 X X 0 0 0 KORY HOGGAN CPA TREASURER 2.00 X X 0 0 0 CHARLES EBERLE MD BOARD MEMBER 2.00 X 0 0 0 THOMAS MARTIN MD BOARD MEMBER 2.00 X 0 0 0 DAVID PETERSON BOARD MEMBER 2.00 X 0 0 0 false false false 139925 139925 46180 46180 1608384 5466 1751410 -143026 5466 -137560 -137560 48545 -91380 10000 10000 8680 8680 19478 19478 270 270 4019 4019 888 888 43335 10000 29046 4289 8270 5882 20500 2271339 2056399 2300109 2062281 0 0 X 1029609 791781 1270500 1270500 2300109 2062281 2300109 2062281 5210 -243038 X false false false X X X 1 NEW MEXICO PHILHARMONIC INC NEW MEXICO PHILHARMONIC INC 271148446 7 true 10000 0 1 10000 0 true false false false false false false false false false false false false false false true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1250000 -10000 1240000 1250000 1250000 1.00000 false false SCHEDULE D, PAGE 2, PART V, LINE 4 THE PERMANENT ENDOWMENT WAS CREATED TO SUPPORT THE NEW MEXICO PHILHARMONIC ORGANIZATION AND ANNUAL SPONSORSHIP OF A SPECIAL CONCERT, THE CONCERTMASTER CHAIR AND OTHER DISTRIBUTIONS AS DETAILED IN THE FOUNDATION'S DISTRIBUTION POLICY. true NEW MEXICO PHILHARMONIC INC PO BOX 21428 ALBUQUERQUE NM 87154 271148446 501(C) 10000 SUPPORT OPERATIONS 1 FORM 990 - ORGANIZATION'S MISSION THE NEW MEXICO PHILHARMONIC FOUNDATION SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHILHARMONIC,INC., FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A COMPLETELY TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NEW MEXICO PHILHARMONIC, INC., A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACTIVITIES WHICH MAY BE RELATED TO THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NEW MEXICO PHILHARMONIC FOUNDATION, INC., AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PROPER, OR NECESSARY TO FULFILLING THE ABOVE DESCRIBED PURPOSES AND TO CONDUCT A NONPROFIT CORPORATION PURSUANT TO THE NEW MEXICO NONPROFIT CORPORATION ACT. FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER REVIEWS A DRAFT AND CIRCULATES THE DRAFT TO THE BOARD FOR REVIEW. UPON APPROVAL BY THE PRESIDENT AND THE SECRETARY, THE FORM IS SIGNED AND FILED. FORM 990, PAGE 6, PART VI, LINE 12C IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH THE GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED OR VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED A CONFLICT EXISTS, AND IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH THE GOVERNING BOARD SHALL SIGN ANNUALLY A STATEMENT REGARDING THE CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.