2024-05-14T15:03:20-04:00 2023-06-30 850219147 PULAKOS CPAS PC 6753 ACADEMY RD NE ALBUQUERQUE NM 87109 990 2022-07-01 850201054 ALBUQUERQUE MUSEUM FOUNDATION INCORPORATED ALBU 5056778500 PO BOX 7006 ALBUQUERQUE NM 87194 ANDREW RODGERS CEO/EXEC DIRECTOR 5056778500 2024-05-13 true ANDREW RODGERS 999009999 false ROBERT A DEPASQUALE CPA P00446108 5053381500 2024-05-13 2022 2023-04-26 12:10:37Z JOHN MARTINEZ PO BOX 7006 ALBUQUERQUE NM 87194 4494617 false X WWW.ALBUQUERQUEMUSEUMFOUNDATION.ORG X 1961 NM TO FUTHER THE CULTURAL, EDUCATIONAL AIMS, & ACTIVITIES OF THE ALB MUSEUM. IT DEVELOPS BROAD PUBLIC, PRIVATE & VOLUNTEER SUPPORT, MANAGES MEMBERSHIP & AIDS IN FUNDING THE MUSEUM'S COMMUNITY PROGRAMS, EXHIBITIONS & COLLECTIONS. 24 24 19 300 0 1182508 1597432 0 2846233 431750 29546 322146 4058287 2351328 15000 0 826141 942008 0 377107 956346 1419832 1782487 2376840 2275800 -25512 17598492 17695514 158900 94345 17439592 17601169 THE FOUNDATION CHAMPIONS THE MUSEUM'S EXCEPTIONAL EXHIBITIONS, EDUCATIONAL PROGRAMS, AND ACQUISITIONS. false false 898443 15000 EXHIBITION SUPPORT- FUNDING TO THE MUSEUM PROVIDED DISCRETIONARY FY2022- 2023 EXHIBIT SUPPORT TO HELP BRING WORLDCLASS EXHIBITIONS TO NEW MEXICO. THE FOUNDATION SUPPORTED EXHIBITS INCLUDED: ANOTHER WORLD: THE TRANSCENDENTAL PAINTING GROUP, DESIGNING THE NEW: CHARLES RENNIE MACKINTOSH AND THE GLASGOW STYLE, INDELIBLE BLUE: INDIGO ACROSS THE WORLD, TRAITOR, SURVIVOR, ICON: THE LEGACY OF LA MALINCHE, AND THE PRINTERS PROOF: ARTIST AND PRINTER COLLABORATIONS AS WELL AS EXHIBITIONS FOCUSED ON WORK BY YOUNG AND LOCAL ARTISTS. FY2022-2023 FUNDS WERE SPENT IN THE USUAL AREAS OF DELIVERY COSTS, EXHIBITION BUILD OUTS, PROMOTION AND ADVERTISING, AND COSTS ASSOCIATED WITH PROVIDING VIRTUAL EXPERIENCES FOR MEMBERS AND STUDENTS REQUESTING THEM. 721259 EDUCATION FUNDING- AS THE PRIMARY PROVIDER OF THE MUSEUM'S EDUCATIONAL FUNDING, THE FOUNDATION OPERATES THE MAGIC BUS PROGRAM WHICH PROVIDES TRANSPORTATION, CURRICULUM, AND DOCENT SERVICES TO THE MUSEUM AND CASA SAN YSIDRO FOR APPROXIMATELY 8,000 SCHOOL STUDENTS IN-PERSON ANNUALLY AND 1,250 STUDENTS IN 50 VIRTUAL CLASSROOM SETTINGS. COMMUNITY PROGRAMMING, INCLUDING THE FREE THIRD THURSDAY PROGRAM, ALSO PROVIDES EDUCATION, ART PROJECTS, AND MUSICAL PROGRAMS FOR FAMILIES, AS IT TRANSITIONED FROM A VIRTUAL TO INPERSON PROGRAM. ALL PROGRAMS, INCLUDING DOCENT TRAINING AND ITS ASSOCIATED COSTS CONTINUE TO BE FUNDED BY THE FOUNDATION. THE MUSEUM SCHOOL, A CHILDRENS ART PROGRAM, IS ALSO IN OPERATION WITH COSTS SUPPORTED BY THE FOUNDATION. 87320 MEMBERSHIP PROGRAM- THE MUSEUM'S MEMBERSHIP PROGRAM IS MANAGED BY THE FOUNDATION AND PROVIDES FINANCIAL SUPPORT FOR ASSOCIATED EXPENSES SUCH AS MEMBER EXHIBITION OPENINGS, MAILINGS, A QUARTERLY MAGAZINE PUBLISHED BY THE FOUNDATION, CALENDAR OF EVENTS, AND WEBSITE DEDICATED TO KEEPING MEMBERS INFORMED OF UPCOMING VIRTUAL AND LIVE EVENTS. MEMBERSHIP IS CURRENTLY AT APPROXIMATELY 2,300 HOUSEHOLDS. THE FOUNDATION ALSO OPERATES THE MUSEUM STORE AND OVERSEES OPERATION OF THE MUSEUM CAFE, BOTH AS AMENITIES FOR MEMBERS AS WELL AS GUESTS. THE STORE SERVES AS A POPULAR VENUE FOR CUSTOMERS VISITING THE MUSEUM WHO ARE LOOKING FOR THE UNIQUE GIFTS FOUND THERE AND THE CAFE ALLOWS MEMBERS AND VISITORS TO RELAX AND ENJOY THE MUSEUMS UNIQUE ATMOSPHERE. 1707022 true true false true false false false true false true true false false true false true true false false false false false false false true false false true false true false false false false false false false false false false false false true false false false false true 38 0 19 true false false false false false true true false false false false false false X 24 24 false false false false false false false true true false false true true true true true false true false false NM X JOHN MARTINEZ 5056778500 PO BOX 7006 ALBUQUERQUE NM 87194 JOYCE WEITZEL DIR. THRU J 3.00 X 0 0 0 TRACEY WEISBERG DIR THRU SEP 3.00 X 0 0 0 KENTON VAN HARTEN DIRECTOR 3.00 X 0 0 0 CORINNE THEVENET DIRECTOR 3.00 X 0 0 0 CATHERINE BAKER STETSON DIRECTOR 3.00 X 0 0 0 TRACY SHERMAN DIRECTOR 3.00 X 0 0 0 TIFFANY SANCHEZ DIRECTOR 3.00 X 0 0 0 REBECCA OWEN DIRECTOR 3.00 X 0 0 0 CATHRYN MCGILL DIRECTOR 3.00 X 0 0 0 SEAN MCCABE DIR THRU SEP 3.00 X 0 0 0 RHETT LYNCH DIRECTOR 3.00 X 0 0 0 RICHARD LUARKIE DIRECTOR 3.00 X 0 0 0 ALEX HAUGER DIRECTOR 3.00 X 0 0 0 CATHERINE GOLDBERG DIRECTOR 3.00 X 0 0 0 PAT GERARD DIRECTOR 3.00 X 0 0 0 CARRIE EATON DIRECTOR 3.00 X 0 0 0 ELIZABETH EARLS DIRECTOR 3.00 X 0 0 0 JOSEF DIAZ DIRECTOR 3.00 X 0 0 0 STEPHANIE GUERRA DEL CAMPO DIRECTOR 3.00 X 0 0 0 JENNIE CREWS DIRECTOR 3.00 X 0 0 0 ADAM CIEPIELA DIRECTOR 3.00 X 0 0 0 HAL BEHL DIRECTOR 3.00 X 0 0 0 KATHY ROWE TREASURER 4.00 X X 0 0 0 SARA STERNBERGER SECRETARY 3.00 X X 0 0 0 RODDY THOMSON CHAIR ELECT 8.00 X X 0 0 0 SCOTT SCHAFFER CHAIR 15.00 X X 0 0 0 PERRY BENDICKSEN PAST CHAIR 8.00 X X 0 0 0 ANDREW RODGERS CEO/EXEC DIR 40.00 X 155405 0 17996 ANN TRAVELSTEAD CFO 40.00 X 90079 0 13894 245484 31890 1 false true false 477519 24250 17819 1077844 12758 1597432 390681 390681 6300 3372 2928 2928 2928 1737996 1696927 41069 41069 41069 170141 24250 140492 29649 29649 592067 302498 289569 289569 2351328 289569 464327 X 15000 15000 291542 155957 34863 100722 544881 295203 64131 185547 12709 6178 1690 4841 34339 16690 4569 13080 58537 32906 5007 20624 5920 4373 1547 25720 18998 6722 44407 44407 91222 45611 45611 89422 66051 23371 17631 17631 54369 34335 16503 3531 17981 4120 13718 143 9666 7210 2046 410 43415 43415 26302 10070 16232 OTHER MUSEUM SUPPORT 341851 318912 22939 EXHIBITS 233682 233682 EDUCATION PROGRAMS 79003 75813 3190 SPECIAL EVENTS 57972 57972 281269 246895 33762 612 2376840 1707022 292711 377107 660563 1080489 78352 13017 4636 8539 184382 220397 23903 10063 2091783 791335 1343863 1300448 10607442 13291027 2537110 229434 2158241 1542100 17598492 17695514 62627 94345 96273 158900 94345 X 7793609 7054432 9645983 10546737 17439592 17601169 17598492 17695514 X -25512 697145 -510056 X false true X true false X 858615 705250 782498 1182508 1597432 5126303 454302 592067 1046369 283661 365876 340179 267027 1256743 1596578 1071126 1122677 1449535 2189499 7429415 108459 10000 124376 95524 156617 494976 108459 10000 124376 95524 156617 494976 6934439 462335 312294 779684 337583 396981 2288877 462335 312294 779684 337583 396981 2288877 38100 38100 192071 192071 2058913 1383420 1902361 1825218 2778551 9948463 0.69700 0.74560 0.23000 0.25000 X PART III, LINE 12 FUNDRAISING INCOME 192,071 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false false false false true 44407 false false 44407 false SCHEDULE C, PART II-B, LINE 1 ALBUQUERQUE MUSEUM FOUNDATION HELD A CAPITAL CAMPAIGN IN 2023 AND SPENT 42,026 FOR A LOBBYIST AND 2,381 FOR OTHER EXPENSES RELATED TO CONTACTING THE NM LEGISLATIVE BODY TO HELP RAISE FUNDS FOR THE CAPITAL CAMPAIGN. 1542100 X X false 13144552 36596 1062344 629303 93728 13520461 11643929 4004243 -2037597 380526 85497 13144552 9688181 2020842 65094 11643929 9392880 356913 91612 9688181 9119860 637703 304204 60479 9392880 0.31430 0.43000 0.25570 false false 600000 600000 1165680 479671 686009 326103 311664 14439 1300448 BATTEN PROPERTY- HISTORICAL PROPERTY 1263000 ARTWORK 279100 1542100 X 3095366 697145 24347 -30097 691395 2403971 91221 -143864 -52643 2351328 2423733 24347 143864 168211 2255522 91221 30097 121318 2376840 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT FUNDS INCLUDE BOTH DONOR-RESTRICTED AND BOARD- DESIGNATED ASSETS. THE FOUNDATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE BOARD DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER THAT IS INTENDED TO PRODUCE RESULTS THAT EXCEED THE CONSUMER PRICE INDEX (CPI) PLUS 4%, NET OF EXPENSES, WHILE ASSUMING A MODERATE LEVEL OF INVESTMENT RISK. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM INCOME TAXES UNDER SECTION 50L(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, ITS NORMAL ACTIVITIES DO NOT RESULT IN ANY INCOME TAX LIABILITY. THE INTERNAL REVENUE SERVICE HAS DETERMINED THE FOUNDATION IS NOT A PRIVATE FOUNDATION. PATIO MARKET IS CONSIDERED A DISREGARDED ENTITY FOR TAX PURPOSES; THEREFORE, NO PROVISION FOR INCOME TAXES IS PROVIDED FOR IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. FASB ASC 740 PROVIDES DETAILED GUIDANCE FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION, MEASUREMENT AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN AN ENTERPRISE'S CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD TO BE RECOGNIZED. THE FOUNDATION'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST AS MISCELLANEOUS EXPENSE. DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, RESPECTIVELY, THE FOUNDATION INCURRED NO PENALTIES AND INTEREST ASSOCIATED WITH TAX POSITIONS. AS OF JUNE 30, 2023 AND 2022, RESPECTIVELY, MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION, MEASUREMENT OR DISCLOSURE UNDER FASB ASC 740. SCHEDULE D, PAGE 4, PART XI, LINE 2D COGS RECLASSED TO EXPENSES -15,247 LOSS ON DISPOSAL OF ASSETS -14,850 SCHEDULE D, PAGE 4, PART XI, LINE 4B FUNDRAISING EXPENSES RECLASSED TO PAGE 9 -140,492 RENTAL EXPENSES- NETTED AGAINST RENTAL INCOME -3,372 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES RECLASSED TO PAGE 9 140,492 RENTAL EXPENSES RECLASSED TO PAGE 9 3,372 SCHEDULE D, PAGE 4, PART XII, LINE 4B COGS RECLASSED TO EXPENSES 15,247 LOSS ON ABANDONED ASSET 14,850 ARTS THRIVE 194391 24250 170141 22648 117844 194391 24250 170141 22648 117844 140492 29649 true UNIVERSITY OF NEW MEXICO MSCO4 2560 1 UNIVERSITY OF NM ALBUQUERQUE NM 87131 856000642 15000 SEE PT. IV 1 SCHEDULE I, PAGE 1, PART I, LINE 2 MEETINGS ARE HELD EVERY TWO WEEKS WHERE SUBMITTED INVOICES ARE REVIEWED BEFORE BEING CHARGED TO A GRANT. REGULAR REPORTS ARE COMPILED TO TRACK EXPENSES ASSOCIATED WITH EACH GRANT'S REPORTING REQUIREMENTS FOR HOW FUNDS ARE SPENT. THESE REPORTS ARE REVIEWED AND MONITORED BY THE ORGANIZATION'S ACCOUNTING DEPARTMENT, OPERATIONS MANAGER, AND SHARED WITH HE EXECUTIVE DIRECTOR ON A REGULAR BASIS. SCHEDULE I, PAGE 4, PART IV PART II, LINE 1, COLUMN (H): PURPOSE OF GRANT OR ASSISTANCE COST OF INSALLATION FOR HONORARIUM GLASS SCAFFOLD FOR THE UNM FREDERICK HAMMERSLY VISITING ART FUND. X X X false false false false false false false false false ANDREW RODGERS CEO/EXEC DIRECTOR 144654 10271 480 17996 173401 FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS APPROVED BY THE FINANCE COMMITTEE. A COPY OF THE 990 IS DISTRIBUTED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS COMPLETED ANNUALLY BY EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS. A LIST IS COMPILED WITH POTENTIAL CONFLICTS AND DISTRIBUTED TO KEY PERSONNEL AND OFFICERS OF THE BOARD. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR. THE COMPENSATION COMMITTEE REVIEWS THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND ESTABLISHES ANY SALARY ADJUSTMENTS BASED ON PERFORMANCE, MARKET, COST OF LIVING AND OTHER FACTORS. MARKET ANALYSIS IS PERFORMED APPROXIMATELY EVERY FIVE YEARS BY THE COMPENSATION COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 PUBLIC INSPECTION OF THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WILL BE PROVIDED UPON WRITTEN REQUEST TO THE EXECUTIVE DIRECTOR OR FINANCE MANAGER. FORM 990, PART IX, LINE 24E PRINTING AND PUBLICATIONS 46,295 0 0 RECOGNITION AND RELATIONS 26,052 10,374 612 UTILITIES 31,524 0 0 REPAIRS AND MAINTENANCE 28,683 0 0 DUES AND SUBSCRIPTIONS 18,393 8,885 0 OTHER COSTS OF GOODS SOLD 15,247 0 0 LOSS ON ABANDONED ASSET 14,850 0 0 FUND EXPENSES 8,219 0 0 EQUIPMENT LEASES 0 7,955 0 OTHER EXPENSES 57,632 6,548 0 TOTAL 246,895 33,762 612 FORM 990, PART XI PART XI, LINE 9. OTHER CHANGES IN NET ASSETS OR FUND BALANCES: AUDITOR PRIOR PERIOD ADJUSTMENT DURING 2023, IT WAS DETERMINED BY MANAGEMENT THAT CONTRIBUTIONS RECEIVED FOR ART, BOOKS, AND ARTWORK COLLECTION ITEMS IN PRIOR YEARS WERE IMPROPERLY RECORDED AS COLLECTIONS AND NOT ASSETS HELD FOR SALE OR OPERATING ASSETS. MANY OF THESE ASSETS WERE TO BE UTILIZED AS A MARKETABLE ASSETS OF THE FOUNDATION OR USED IN OPERATIONS. IT WAS ALSO DETERMINED BY MANAGEMENT THAT MEMBERSHIP DUES WERE IMPROPERLY DEFERRED OVER THE MEMBERSHIP PERIOD AS THE COMMENSURATE VALUE RECEIVED BY THE MEMBER FOR THE BENEFITS WAS NOMINAL. THEREFORE, THE MEMBERSHIP DUES ARE DEEMED FULLY EARNED WHEN RECEIVED. AN ADJUSTMENT TO PRIOR YEAR ASSETS AND NET ASSETS WAS NECESSARY TO REFLECT THE EFFECTS OF THESE ERRORS. FORM 990, PART XI, LINE 9 AUDIT PRIOR PERIOD ADJ. SEE SCHEDULE O -510,056 PATIO MARKET LLC 207 GRIEGOS RD NE ALBUQUERQUE NM 87107 273443907 SEE PT IV NM 16015 N/A SCHEDULE R PART I, COLUMN (B) PRIMARY ACTIVITY: SMALL SHOPPING AREA LOCATED IN OLD TOWN, ABQ NM.