2023-10-31T14:06:57-04:00 2022-12-31 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2022-01-01 850157216 ALBUQUERQUE REGIONAL ECONOMIC ALLIANCE ALBU 201 THIRD STREET NW STE 1900 ALBUQUERQUE NM 87102 DANIELLE CASEY PRESIDENT & CEO 5057053777 2023-10-31 true DANIELLE CASEY SCOTT ELIASON P02372673 5053232035 2023-10-31 0 00 AAL1 IAL1 2022 2023-04-26 12:10:37Z DANIELLE CASEY 1863004 false X WWW.ABQ.ORG X 1960 NM TO STRENGTHEN THE ALBUQUERQUE METROPOLITAN AREA THROUGH THE RECRUITMENT OF BUSINESS AND INDUSTRY, AND BY PROVIDING SUPPORT FOR THE RETENTION AND EXPANSION OF ECONOMIC BASE EMPLOYERS. 40 40 14 56 0 0 1468496 1338891 331166 140043 301353 160332 0 2101015 1639266 0 0 1025539 987892 0 0 831560 887458 1857099 1875350 243916 -236084 4358110 3324539 479314 319850 3878796 3004689 TO STRENGTHEN THE ALBUQUERQUE METROPOLITAN AREA THROUGH THE RECRUITMENT OF BUSINESS AND INDUSTRY, AND BY PROVIDING SUPPORT FOR THE RETENTION AND EXPANSION OF ECONOMIC BASE EMPLOYERS. false false 1536696 140043 BUSINESS RECRUITMENT, RETENTION AND EXPANSION: AREA RECRUITS COMPANIES THAT EXPORT THE MAJORITY OF THEIR GOODS AND SERVICES OUTSIDE OF NEW MEXICO, THEREBY BRINGING NEW MONEY INTO THE STATES ECONOMY.BUSINESS DEVELOPMENT: AREA ASSISTS EXISTING LOCAL BUSINESSES WITH THEIR EXPANSION PLANS, HELPING CONNECT THEM TO RESOURCES THAT POSITION THEM FOR GROWTH. 53764 MEMBERSHIP RECRUITMENT AND DEVELOPMENT: AREA INVITES LEADING METRO AREA. BUSINESSES TO JOIN THE ORGANIZATION AND TO BE ENGAGED FOR THE ADVANCEMENT OF ITS MISSION. AREA PROVIDES EDUCATIONAL PROGRAMS, TRAINING AND NETWORKING OPPORTUNITIES TO ITS MEMBERSHIP. 1590460 true true false false false false false false false true false false false true true false true 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 true false false false true 8 0 true 14 true false false false false false false false false X 40 40 true false false false true true true true true false false true true true true true true true false false X X THE ORGANIZATION 5057053780 201 THIRD STREET NW SUITE 1900 Albuquerque NM 87102 DANIELLE CASEY PRESIDENT AND CEO 40.00 0.00 X 272891 0 0 CHAD R MATHESON SENIOR VICE PRESIDENT 40.00 0.00 X 139683 0 0 RYAN SHELL BOARD MEMBER 2.00 0.00 X 0 0 0 BEN SPENCER BOARD MEMBER 2.00 0.00 X 0 0 0 RAY SMITH BOARD MEMBER 2.00 0.00 X 0 0 0 MEG MEISTER BOARD MEMBER 2.00 0.00 X 0 0 0 TONY LENHART BOARD MEMBER 2.00 0.00 X 0 0 0 ROXANNA MEYERS BOARD MEMBER 2.00 0.00 X 0 0 0 MEGAN OBLACK BOARD MEMBER 2.00 0.00 X 0 0 0 MITZI MONTOYA BOARD MEMBER 2.00 0.00 X 0 0 0 JANICE TORREZ BOARD MEMBER 2.00 0.00 X 0 0 0 JOLOU TRUJILLO-OTTINO BOARD MEMBER 2.00 0.00 X 0 0 0 DEBBIE JOHNSON BOARD MEMBER 2.00 0.00 X 0 0 0 TODD SANDMAN BOARD MEMBER 2.00 0.00 X 0 0 0 SALLY ADAMS BOARD MEMBER 2.00 0.00 X 0 0 0 DON TARRY CHAIR ELECT 5.00 0.00 X 0 0 0 ERIC WEINSTEIN BOARD MEMBER 2.00 0.00 X 0 0 0 DAN LONG BOARD MEMBER 2.00 0.00 X 0 0 0 BILL EBEL BOARD MEMBER 2.00 0.00 X 0 0 0 LEEAN KRAVITZ BOARD MEMBER 2.00 0.00 X 0 0 0 RYAN CENTERWALL BOARD MEMBER 2.00 0.00 X 0 0 0 PHIL CASAUS BOARD MEMBER 2.00 0.00 X 0 0 0 KENT CRAVENS BOARD MEMBER 2.00 0.00 X 0 0 0 JIM CHYNOWETH BOARD MEMBER 2.00 0.00 X 0 0 0 MIKE CANFIELD BOARD MEMBER 2.00 0.00 X 0 0 0 KYLE BEASLEY BOARD MEMBER 2.00 0.00 X 0 0 0 TOM ANTRAM BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID CAMPBELL BOARD MEMBER 2.00 0.00 X 0 0 0 CELINA BUSSEY BOARD MEMBER 2.00 0.00 X 0 0 0 MICHELLE DEARHOLT BOARD MEMBER 2.00 0.00 X 0 0 0 HOWIE HERBERT III BOARD MEMBER 2.00 0.00 X 0 0 0 JASON HARRINGTON BOARD MEMBER 2.00 0.00 X 0 0 0 DEBBIE HARMS BOARD MEMBER 2.00 0.00 X 0 0 0 WAYNE JOHNSON BOARD MEMBER 2.00 0.00 X 0 0 0 SHAD JAMES BOARD MEMBER 2.00 0.00 X 0 0 0 JUSTIN HORWITZ BOARD MEMBER 2.00 0.00 X 0 0 0 ROBIN DIVINE BOARD MEMBER 2.00 0.00 X 0 0 0 DALE DEKKER BOARD MEMBER 2.00 0.00 X 0 0 0 ERIKA EDGERLY BOARD MEMBER 2.00 0.00 X 0 0 0 CAROLINE GARCIA TREASURER 5.00 0.00 X X 0 0 0 JOSH PARSONS SECRETARY 5.00 0.00 X X 0 0 0 CYNTHIA SCHULTZ CHAIRMAN 5.00 0.00 X X 0 0 0 412574 0 0 2 false true false 188492 1150399 11250 1338891 PROGRAM SERVICES 900099 140043 140043 140043 99224 99224 284846 223738 61108 61108 61108 1639266 201151 0 99224 X 272891 272891 569954 485669 84285 56498 8286 48212 29770 31040 -1270 58779 51915 6864 23087 23087 64530 64530 16366 16366 20593 20593 185102 185102 81897 81897 56388 47997 8391 68908 67327 1581 49515 49515 27224 27224 12927 4240 8687 44040 44040 16966 15610 1356 DUES AND SUBSCRIPTION 105312 108889 -3577 SPECIAL PROJECTS 67370 67370 MEMBERSHIP RECRUITMENT 24289 24289 INKIND EXPENSES 11250 11250 11694 10496 1198 1875350 1590460 284890 0 84078 105967 809940 526529 134 6855 236119 203229 76930 32890 3304636 2622500 82392 29798 4358110 3324539 218260 115793 149900 149900 111154 54157 479314 319850 X 3653796 2845689 225000 159000 3878796 3004689 4358110 3324539 -236084 -638023 0 X X false true X true false X 1338891 1338891 1338891 1338891 1338891 99224 99224 1438115 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 236119 203229 32890 32890 LEASE OBLIGATIONS 54157 54157 X 980650 -638023 -638023 1618673 20593 20593 1639266 1874684 1874684 20593 20593 1895277 Footnote for uncertain tax position under FIN 48 (Part X) EFFECTIVE MAY 11, 2022, AREA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE AND THE STATUTES OF NEW MEXICO. AREAS OPEN AUDIT PERIODS ARE FISCAL YEARS 2019 THROUGH 2022 GENERALLY THREE YEARS AFTER FILING. IN ADDITION, AREA HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED ASC 740-10, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. AREA HAS NO UNCERTAIN TAX POSITIONS. false false false false false false DANIELLE CASEY PRESIDENT AND CEO 272891 272891 Officer directors etc family relationship Part VI line 2 THE 40 ELECTED MEMBERS OF THE AREA BOARD OF DIRECTORS ARE LEADERS IN THE LOCAL BUSINESS COMMUNITY. MOST ARE BUSINESS OWNERS OR C-LEVEL EXECUTIVES. AS A RESULT, THEY MAY HAVE ONGOING OR OCCASIONAL BUSINESS RELATIONSHIPS WITH OTHER BOARD MEMBERS IN THE FIELDS OF BANKING, LAW, INSURANCE, REAL ESTATE, OR OTHER SERVICE AREAS. BECAUSE OF THE COMPLEX AND LAYERED NATURE OF THESE TRANSACTIONS, AREA IS UNABLE TO IDENTIFY ALL OF THESE POSSIBLE RELATIONSHIPS. Members or stockholder classes and rights Part VI line 6 AREA HOLDS MEETINGS ALLOWING BOARD MEMBERS TO VOTE ON VARIOUS ISSUES INCLUDING, BUT NOT LIMITED TO, GOVERNING BODY ELECTIONS. Member election for additional members Part VI line 7a EACH BOARD MEMBER WILL, AT EVERY MEMBERS MEETING, HAVE ONE VOTE FOR ALL PURPOSES. THE BOARD MEMBERS PRESENT IN PERSON OR BY PROXY WILL CONSTITUTE A QUORUM. A QUORUM ONCE ATTAINED CONTINUES UNTIL ADJOURNMENT DESPITE VOLUNTARY WITHDRAWAL OF ENOUGH BOARD MEMBERS TO LEAVE LESS THAN A QUORUM. THE ACT OF THE MAJORITY OF THE BOARD MEMBERS PRESENT OR REPRESENTED BY PROXY AT A MEETING AT WHICH A QUORUM IS PRESENT WILL CONSTITUTE BOARD MEMBERS ACTIONS UNLESS A GREATER PROPORTION IS REQUIRED BY THE NONPROFIT CORPORATION ACT, OR BY AREA BYLAWS. Governing body decisions Part VI line 7b THE BOARD, BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS IN OFFICE, MAY DESIGNATE AND APPOINT COMMITTEES EACH OF WHICH WILL CONSIST OF TWO OR MORE DIRECTORS AND WILL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD, EXCEPT TO THE EXTENT LIMITED BY LAW OR THE RESOLUTION OF DESIGNATION. A MAJORITY OF THE MEMBERS OF A COMMITTEE MAY FIX ITS RULES OF PROCEDURE; IF THE RULES ARE NOT FIXED, THE RULES APPLICABLE TO THE BOARD WILL APPLY. AN ACTION BY A COMMITTEE SHALL BE REPORTED TO THE BOARD AT A BOARD MEETING SUCCEEDING SUCH ACTION AND SHALL BE SUBJECT TO REVISION BY THE BOARD ALTHOUGH NO RIGHTS OF THIRD PARTIES SHALL BE AFFECTED BY ANY REVISION. THE DESIGNATION AND APPOINTMENT OF ANY COMMITTEE AND THE DELEGATION THERETO OF AUTHORITY WILL RELIEVE THE BOARD OF DIRECTORS, OR ANY INDIVIDUAL DIRECTOR, OR ANY RESPONSIBILITY IMPOSED UPON THE BOARD OR A DIRECTOR. IF AN EXECUTIVE COMMITTEE IS DESIGNATED AND APPOINTED BY THE BOARD, IT WILL HAVE AND MAY EXERCISE ALL AUTHORITY AND POWER OF THE BOARD EXCEPT TO THE EXTENT LIMITED BY LAW OR THE RESOLUTION OF DESIGNATION. Form 990 governing body review Part VI line 11 THE FORM 990 WAS REVIEWED BY MEMBERS OF THE AUDIT COMMITTEE PRIOR TO FILING; THE AUDIT COMMITTEE REPORTS TO THE EXECUTIVE COMMITTEE FOR FINAL APPROVAL; AND A DIGITAL COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS FOR REVIEW. Conflict of interest policy compliance Part VI line 12c BEFORE BUSINESS DECISIONS ARE MADE THE BOARD OF DIRECTORS DETERMINES WHETHER AN INDIVIDUAL HAS A CONFLICT OF INTEREST AND, IF SO, WHETHER THE INDIVIDUAL MUST RECUSE HIMSELF OR HERSELF FROM DISCUSSION AND VOTE. CEO executive director top management comp Part VI line 15a THE BOARD OF DIRECTORS EVALUATES EMPLOYEES SALARIES ANNUALLY AS PART OF THE BUDGET APPROVAL PROCESS. RAISES ARE BASED ON PERFORMANCE AND ARE APPROVED BY THE BOARD OF DIRECTORS DURING THE BUDGETING PROCESS. Governing documents etc available to public Part VI line 19 ORGANIZATION MAKES FORM 990 AND THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.COM. Audited by an independent accountant Part XII line 2b AN AUDIT COMMITTEE, APPOINTED BY THE EXECUTIVE COMMITTEE, OVERSEES THE ANNUAL AUDIT OF AREAS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. List of other fees for services expenses Part IX line 11g CONSULTING FEES $185,102 General explanation attachment EFFECTIVE MAY 11, 2022, THE IRS FORMALLY DETERMIMED AREAS TAX-EXEMPT STATUS UNDER IRC SECTION 501(C)(3), WITH THE ADDITIONAL DESIGNATION OF PUBLIC CHARITY STATUS UNDER 170(B)(1)(A)(VI). ALBUQUERQUE FORWARD FUND 201 3RD STREET NW SUITE 1900 Albuquerque NM 87102 474736722 TO SUPPORT ACTIVITIES OF AREA NM 501C3 10 N/A false