2025-05-01T17:36:18-04:00 2024-06-30 850219147 PULAKOS CPAS PC 6753 ACADEMY RD NE ALBUQUERQUE NM 87109 990 2023-07-01 850201054 ALBUQUERQUE MUSEUM FOUNDATION INCORPORATED ALBU 5056778500 PO BOX 7006 ALBUQUERQUE NM 87194 JOHN MARTINEZ -FROM 424 PRESIDENT & CEO 5056778500 2025-05-01 true true ROBERT A DEPASQUALE CPA P00446108 5053381500 2025-05-01 2023 2025-03-06 01:10:19Z JOHN MARTINEZ 4560636 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 45 0 1597432 1343350 0 431750 1154846 322146 222015 2351328 2720211 15000 526312 0 942008 995192 0 529581 1419832 1274589 2376840 2796093 -25512 -75882 17695514 18176976 94345 114558 17601169 18062418 THE FOUNDATION CHAMPIONS THE MUSEUM'S EXCEPTIONAL EXHIBITIONS, EDUCATIONAL PROGRAMS, AND ACQUISITIONS. false false 1254455 526312 EXHIBITION SUPPORT- FUNDING TO THE MUSEUM PROVIDED DISCRETIONARY FY2023- 2024 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. FY2023-2024 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. 295182 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. 92167 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. 1641804 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 false false false false false true 34 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 HAL BEHL DIRECTOR 3.00 0.00 X 0 0 0 JESSICA CAROTHERS DIRECTOR 3.00 0.00 X 0 0 0 ADAM CIEPIELA DIRECTOR 3.00 0.00 X 0 0 0 JOSEF DIAZ DIRECTOR 3.00 0.00 X 0 0 0 JON DRURY DIRECTOR 3.00 0.00 X 0 0 0 CARRIE EATON DIRECTOR 3.00 0.00 X 0 0 0 ALEX HAUGER DIRECTOR 3.00 0.00 X 0 0 0 LOUIS HUNING JR DIRECTOR 3.00 0.00 X 0 0 0 RHETT LYNCH DIRECTOR 3.00 0.00 X 0 0 0 JOE MCKINNEY DIRECTOR 3.00 0.00 X 0 0 0 ROBERTO ORTEGA DIRECTOR 3.00 0.00 X 0 0 0 REBECCA OWEN DIRECTOR 3.00 0.00 X 0 0 0 DENNIS OWENS DIRECTOR 3.00 0.00 X 0 0 0 MARTA PARNALL DIRECTOR 3.00 0.00 X 0 0 0 TRACY SHERMAN DIRECTOR 3.00 0.00 X 0 0 0 JEFFREY SQUIRES DIRECTOR 3.00 0.00 X 0 0 0 CHRIS THOMPSON DIRECTOR 3.00 0.00 X 0 0 0 CLAUDIA VALLES DIRECTOR 3.00 0.00 X 0 0 0 KENTON VAN HARTEN DIRECTOR 3.00 0.00 X 0 0 0 PAMELA WEESE-POWELL DIRECTOR 3.00 0.00 X 0 0 0 RODDY THOMSON CHAIR 15.00 0.00 X X 0 0 0 STEPHANIE DEL CAMPO CHAIR ELECT 8.00 0.00 X X 0 0 0 PERRY BENDICKSEN SECRETARY 3.00 0.00 X X 0 0 0 SCOTT SCHAFFER PAST CHAIR 8.00 0.00 X X 0 0 0 ANDREW CONNORS EX-OFFICIO 3.00 0.00 X 0 0 0 ALAN WEITZEL EX-OFFICIO 3.00 0.00 X 0 0 0 ANDREW RODGERS CEO/EXEC DIR 40.00 0.00 X 160947 0 23729 ANN TRAVELSTEAD CFO TO 10/24 40.00 0.00 X 70952 0 10753 JOHN MARTINEZ -FROM 424 PRESIDENT & 40.00 0.00 X 0 0 0 231899 34482 1 false true false 555424 244544 99064 444318 17373 1343350 492883 492883 8400 5209 3191 3191 3191 1977060 1315097 661963 661963 661963 19160 244544 146313 -127153 -127153 716756 373806 342950 342950 OTHER INCOME 3027 3027 3027 2720211 342950 1033911 526312 526312 275583 80989 87346 107248 601896 177749 194504 229643 11558 3243 2999 5316 39794 11166 10326 18302 66361 19368 22133 24860 2493 1725 768 55360 38303 17057 40891 40891 93088 46544 46544 129916 89888 40028 82561 82561 76481 26634 26882 22965 24612 2893 21719 13329 5884 5711 1734 41031 3801 37230 29098 5883 23215 OTHER MUSEUM SUPPORT 128798 112461 9094 7243 OTHER EXPENSES 113111 50212 25285 37614 EXHIBITS 110854 110854 EDUCATION PROGRAMS 91129 90267 862 241837 114176 100411 27250 2796093 1641804 624708 529581 1080489 484376 13017 32721 8539 12733 220397 216653 10063 15391 2088510 819880 1300448 1268630 13291027 14117826 229434 486546 1542100 1542100 17695514 18176976 94345 114558 94345 114558 X 7054432 7424008 10546737 10638410 17601169 18062418 17695514 18176976 X -75882 544209 -7078 X false true X true false X 705250 782498 1182508 1597432 1343350 5611038 592067 716756 1308823 365876 340179 267027 973082 1071126 1122677 1449535 2189499 2060106 7892943 10000 124376 95524 156617 158639 545156 10000 124376 95524 156617 158639 545156 7347787 312294 779684 337583 396981 501283 2327825 312294 779684 337583 396981 501283 2327825 38100 38100 192071 3027 195098 1383420 1902361 1825218 2778551 2564416 10453966 0.70290 0.69700 0.22000 0.23000 X PART III, LINE 12 FUNDRAISING INCOME 195,098 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true false false false false false true 40891 false false 40891 false SCHEDULE C, PART II-B, LINE 1 ALBUQUERQUE MUSEUM FOUNDATION HELD A CAPITAL CAMPAIGN IN 2024 AND SPENT 40,891 FOR A LOBBYIST AND OTHER EXPENSES RELATED TO CONTACTING THE NM LEGISLATIVE BODY TO HELP RAISE FUNDS FOR THE CAPITAL CAMPAIGN. false 13520461 866463 1682540 1371916 93176 14604372 13144552 36596 1062344 629303 93728 13520461 11643929 4004243 -2037597 380526 85497 13144552 9688181 2020842 65094 11643929 9392880 356913 91612 9688181 0.31790 0.39810 0.28400 false false 600000 600000 1162407 503844 658563 326103 316036 10067 1268630 BATTEN PROPERTY- HISTORICAL PROPERTY 1263000 ARTWORK 279100 1542100 X 3334314 544209 15000 -3539 555670 2778644 93088 -151521 -58433 2720211 2873065 15000 151521 166521 2706544 93088 -3539 89549 2796093 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. THE FOUNDATION APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. 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, 2024 AND 2023, RESPECTIVELY, THE FOUNDATION INCURRED NO PENALTIES AND INTEREST ASSOCIATED WITH TAX POSITIONS. AT JUNE 30, 2024 AND 2023, RESPECTIVELY,MANAGEMENT DOES NOT BELIEVE THE FOUNDATION HAS ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT OR DISCLOSURE UNDER FASB ASC 740. SCHEDULE D, PAGE 4, PART XI, LINE 2D LOSS ON DISPOSAL OF ASSETS -3,539 SCHEDULE D, PAGE 4, PART XI, LINE 4B FUNDRAISING EXPENSES RECLASSED TO PAGE 9 -146,312 RENTAL EXPENSES- NETTED AGAINST RENTAL INCOME -5,209 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES RECLASSED TO PAGE 9 146,312 RENTAL EXPENSES RECLASSED TO PAGE 9 5,209 SCHEDULE D, PAGE 4, PART XII, LINE 4B LOSS ON ABANDONED ASSET -3,539 ARTS THRIVE COL 133769 123819 9950 5557 12191 406 56066 ARTS THRIVE SAT 129935 120725 9210 5398 11842 394 54459 263704 244544 19160 10955 24033 800 110525 146313 -127153 true UNIVERSITY OF NEW MEXICO MSCO4 2560 1 UNIVERSITY OF NM ALBUQUERQUE NM 87131 856000642 526312 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 DIR TO 4/24 160947 5083 18646 184676 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 XI, LINE 9 LOSS ON DISPOSAL OF ASSETS -3,539 FUNDRAISING EXPENSES RECLASSED TO PAGE 9 146,312 RENTAL EXPENSES- NETTED AGAINST RENTAL INCOME 5,209 FUNDRAISING EXPENSES RECLASSED TO PAGE 9 -146,312 RENTAL EXPENSES RECLASSED TO PAGE 9 -5,209 LOSS ON ABANDONED ASSET -3,539 TOTAL -7,078