2026-05-15T16:22:42-05:00 2025-06-30 741130599 PATTILLO BROWN & HILL LLP 5310 HOMESTEAD RD NE STE 100B ALBUQUERQUE NM 87110 990 2024-07-01 264764395 NEW MEXICO SCHOOL FOR THE ARTS - ARTS INSTITUTE NEWM 5052167888 500 MONTEZUMA AVE 200 SANTA FE NM 87501 CINDY MONTOYA EXECUTIVE DIRECTOR 5052167888 2026-05-14 1 1 MICHELLE DUNLAP P01219593 5052665904 2026-05-14 2024 2025-03-06 01:10:19Z CINDY MONTOYA 500 MONTEZUMA AVENUE SANTA FE NM 87501 2917061 0 X HTTP://WWW.NMSCHOOLFORTHEARTS.ORG X 2009 NM 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. 22 22 55 28 0 0 4039803 2318974 154211 90082 12740 33371 742926 421010 4949680 2863437 150 6168 0 0 1458420 1659195 0 0 389156 1422951 1049667 2881521 2715030 2068159 148407 30970657 32262442 305205 319762 30665452 31942680 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 0 0 1562772 6168 90082 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. 1562772 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 40 0 1 55 1 0 0 0 0 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NM X THE ORGANIZATION 5053104194 500 MONTEZUMA AVENUE 200 SANTA FE NM 87501 CINDY MONTOYA EXECUTIVE DIRECTOR 40.00 X X 152530 0 102 CARL THOMA BOARD CHAIR 1.00 X X 0 0 0 PAMELA SAUNDERS-ALBIN VICE CHAIR 1.00 X X 0 0 0 CYNTHIA NAVA SECRETARY 1.00 X X 0 0 0 NICK TELLES TREASURER 5.00 X X 0 0 0 DEE ANN MCINTYRE DIRECTOR 1.00 X 0 0 0 IAN BROWLOW DIRECTOR 1.00 X 0 0 0 JAMES HINDMAN DIRECTOR 1.00 X 0 0 0 LAURIE BAUMAN ARNOLD DIRECTOR 1.00 X 0 0 0 MARY SLOANE DIRECTOR 1.00 X 0 0 0 NATALIE FITZ-GERALD DIRECTOR 1.00 X 0 0 0 STEVE ARNOLD DIRECTOR 1.00 X 0 0 0 VALERIE DIKER DIRECTOR 1.00 X 0 0 0 CHARLOTTE HETHERINGTON DIRECTOR 1.00 X 0 0 0 HOLLY RICE DIRECTOR 1.00 X 0 0 0 MATTHEW MARTINEZ DIRECTOR 1.00 X 0 0 0 AMY MCCOMBS DIRECTOR 1.00 X 0 0 0 SARAH NOLAN DIRECTOR 1.00 X 0 0 0 AARON PAYNE DIRECTOR 1.00 X 0 0 0 DEBORAH POTTER DIRECTOR 1.00 X 0 0 0 ELMER TORRES DIRECTOR 1.00 X 0 0 0 MADELEINE WRIGHT DIRECTOR 1.00 X 0 0 0 152530 0 102 1 0 1 0 0 X 353481 274017 1691476 2318974 SCHOOL FEES 611600 58010 58010 OTHER INCOME 611600 32072 32072 90082 33371 33371 421628 0 421628 421628 421628 53006 353481 53624 -618 -618 2863437 90082 0 454381 6168 6168 142715 142715 1353597 1075895 277702 44283 28090 16193 118600 89501 29099 3528 3528 195267 121889 73378 33858 8694 25164 134365 48668 83132 2565 4905 2209 2696 44030 42323 1707 398181 11590 386591 40510 40510 MISCELLANEOUS 122660 66515 56145 PRODUCTION EXPENSES 30167 30167 MEALS & ENTERTAINMENT 25614 14481 11133 COMMUNITY COLLABORATION 16582 16582 2715030 1562772 763102 389156 1502120 920741 386561 341827 38681 44981 26777198 2200963 24377986 24576235 4665309 6378658 30970657 32262442 15794 23715 289411 296047 305205 319762 X 29015017 25564022 1650435 6378658 30665452 31942680 30970657 32262442 148407 532390 596431 0 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 4665309 1177959 535390 6378658 1996072 2260000 409237 4665309 1336045 526000 134027 1996072 1286852 225780 -176587 1336045 535704 591251 159897 1286852 0 0 9464746 9464746 16989743 1975806 15013937 241405 193853 47552 50000 31304 31304 50000 24576235 SECURITIES 6378658 F 6378658 PARENT COMMITTEE AND CLUB 284647 PAYROLL LIABILITIES 11400 296047 X 3449451 532390 53624 586014 2863437 0 2863437 2768654 53624 53624 2715030 0 2715030 PART III, LINE 4: BRONZE SCULPTURES FROM AN INTERNATIONALLY RENOWED LOCAL ARTIST. THE SCULPTURES ARE MAINTAINED FOR PUBLIC EXHIBITION AND EDUCATION AND ARE ON DISPLAY AT THE INSTITUTE'S SCHOOL FACILITY. PART V, LINE 4: FUNDS RESTRICTED FOR JAZZ, CREATIVE WRITING AND MISCELLANEOUS ARTS ACTIVITIES AND SCHOLARSHIPS. PART X, LINE 2: THE INSTITUTE IS EXEMPT FROM THE PAYMENT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICES AS OTHER THAN A PRIVATE FOUNDATION WITH PUBLIC CHARITY STATUS UNDER CODE SECTION 170(B)(1)(A)(II). AS A SINGLE-MEMBER LIMITED LIABILITY COMPANY, LLC IS TREATED AS A DISREGARDED ENTITY FOR INCOME TAX PURPOSES AND ITS ACTIVITIES ARE ATTRIBUTED TO THE INSTITUTE. THEREFORE, THE LLC'S FINANCIAL ACTIVITY IS REPORTED IN CONJUNCTION WITH THE FEDERAL INCOME TAX FILING OF THE INSTITUTE. THE LLC CURRENTLY ENGAGES IN RENTAL ACTIVITIES FROM DEBT FINANCED PROPERTY. WITH REGARD TO UNRELATED BUSINESS INCOME, THE INTERNAL REVENUE SERVICE, UNDER CODE SECTION 514(C)(9)(C), PROVIDES AN EXCEPTION TO THE DEBT FINANCED PROPERTY RULE FOR QUALIFIED EDUCATIONAL ORGANIZATIONS DESCRIBED IN SECTION 170(B)(1)(A)(II). THEREFORE, THE INCLUSION IN UNRELATED BUSINESS INCOME OF NET RENTAL INCOME FROM DEBT FINANCED PROPERTY DOES NOT APPLY TO THE INSTITUTE. THE INSTITUTE REGULARLY EVALUATES ACTIVITIES AS IT RELATES TO ITS TAX-EXEMPT STATUS. IF THE INSTITUTE'S ACTIVITIES ARE DETERMINED TO BE OUTSIDE OF ITS TAX-EXEMPT STATUS THE POTENTIAL EXISTS FOR TAX LIABILITIES ON THOSE UNRELATED ACTIVITIES. THE INSTITUTE CURRENTLY DOES NOT ENGAGE IN ANY OTHER ACTIVITIES THAT CREATE UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THESE CONSOLIDATING AND CONSOLIDATED FINANCIAL STATEMENTS. THE INSTITUTE BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE CURRENT AND THREE PRIOR YEARS REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 53,624. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 53,624. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NEW MEXICO SCHOOL FOR THE ARTS - ART INSTITUTE PUBLICIZES ITS NONDISCRIMINATION POLICY ON THEIR WEBSITE AT WWW.NMSCHOOLFORTHEARTS.ORG SCHEDULE E, PART I, LINE 6 MISCELLANEOUS SUPPORT FROM THE CITY OF SANTA FE AND NM ARTS COMMISSION X FUNDRAISING EVENT - ARTSPRING 353481 353481 53624 GALA AUCTION/RAFFLE 53006 53006 406487 353481 53006 53624 53624 -618 0 0 0 0 0 0 0 0 0 CINDY MONTOYA EXECUTIVE DIRECTOR 152530 0 0 0 0 0 0 0 102 0 152632 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LAURIE BAUMAN ARNOLD, STEPHEN ARNOLD, DIRECTORS, MARRIED FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS ELECTRONICALLY. FORM 990, PART VI, SECTION B, LINE 12C POLICIES ARE UPDATED ANNUALLY TO DISCLOSE ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A SALARIES ARE COMPARED WITH OTHER NONPROFIT ORGANIZATIONS IN THE SAME INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART VIII, LINE 1E: $274,017 - EMPLOYEE RETENTION TAX CREDIT RELATED TO PAYROLL EXPENSES FOR PERIODS BETWEEN MARCH 2020 THROUGH SEPTEMBER 2021.