2026-02-24T12:19:27-06:00 2025-06-30 390859910 BAKER TILLY ADVISORY GROUP LP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2024-07-01 850202503 MUSEUM OF NEW MEXICO FOUNDATION MUSE 5059826366 PO BOX 2065 SANTA FE NM 87504 BRUCE LARSEN CHAIR 5059826366 2026-02-19 1 1 STEVEN TALBOT P01695427 5058787200 2026-02-19 2024 2025-03-06 01:10:19Z BRUCE LARSEN PO BOX 2065 SANTA FE NM 87504 54520325 0 X WWW.MUSEUMFOUNDATION.ORG X 1962 NM THE FOUNDATION'S PRINCIPAL ACTIVITIES ARE FUND DEVELOPMENT FOR EXHIBITIONS AND EDUCATION PROGRAMS, RETAIL AND LICENSING, FINANCIAL MANAGEMENT, ADVOCACY AND SPECIAL INITIATIVES, TO SUPPORT THE MUSEUM OF NEW MEXICO. 44 44 54 120 0 0 6561728 6764083 282695 153880 1432247 8955914 695599 343661 8972269 16217538 4589734 3911637 0 0 1890386 1887838 0 0 103703 2110579 1883915 8590699 7683390 381570 8534148 50526651 54865695 496638 596715 50030013 54268980 X THE MUSEUM OF NEW MEXICO FOUNDATION SUPPORTS THE MUSEUM OF NEW MEXICO SYSTEM, IN COLLABORATION WITH THE MUSEUM OF NEW MEXICO BOARD OF REGENTS AND THE NEW MEXICO DEPARTMENT OF CULTURAL AFFAIRS. THE FOUNDATION'S PRINCIPAL ACTIVITIES ARE FUND DEVELOPMENT FOR EXHIBITIONS AND EDUCATION PROGRAMS, RETAIL AND LICENSING PROGRAMS, FINANCIAL MANAGEMENT, AND ADVOCACY AND SPECIAL INITIATIVES.THE FOUNDATION SERVES THESE NEW MEXICO DEPARTMENT OF CULTURAL AFFAIRS INSTITUTIONS:- MUSEUM OF INDIAN ARTS AND CULTURE/LABORATORY OF ANTHROPOLOGY- MUSEUM OF INTERNATIONAL FOLK ART- NEW MEXICO HISTORY MUSEUM AND PALACE OF THE GOVERNORS- NEW MEXICO MUSEUM OF ART- NEW MEXICO HISTORIC SITES- OFFICE OF ARCHAEOLOGICAL STUDIES 0 0 3911637 3911637 282705 SUPPORT FOR THE BENEFIT OF THE MUSEUM OF NEW MEXICO. MUSEUMS: MUSEUM OF INTERNATIONAL FOLK ART, NEW MEXICO HISTORY MUSEUM AND PALACE OF THE GOVERNORS, NEW MEXICO MUSEUM OF ART, MUSEUM OF INDIAN ARTS AND CULTURE/LABORATORY OF ANTHROPOLOGY, OFFICE OF ARCHAEOLOGICAL STUDIES. HISTORIC SITES: TAYLOR MESILLA HOME, BOSQUE REDONDO MEMORAL AT FORT SUMNER HISTORIC SITE, CORONADO, FORT SELDEN, JEMEZ, LINCOLN, FORT STANTON AND LOS LUCEROS. SEE THE MUSEUM OF NEW MEXICO FOUNDATION'S ANNUAL REPORT AT HTTPS://WWW.MUSEUMFOUNDATION.ORG/FACTS-FIGURES/ 3035896 153880 NEW MEMBER AND MEMBERSHIP RETENTION PROGRAM. 6947533 1 1 0 1 0 0 0 1 0 1 1 1 0 1 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 286 0 1 54 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 44 44 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NM X X GEORGINE CHAVEZ 5052161651 1411 PASEO DE PERALTA SANTA FE NM 87501 MICHAEL KNIGHT CHAIR 2.00 X X 0 0 0 NANCY BAKER VICE CHAIR 2.00 X X 0 0 0 DAN MONROE VICE CHAIR 2.00 X X 0 0 0 EDELMA HUNTLEY SECRETARY 2.00 X X 0 0 0 JOHN MACUKAS TREASURER 2.00 X X 0 0 0 ALLAN AFFELDT TRUSTEE 2.00 X 0 0 0 CATHY ALLEN TRUSTEE 2.00 X 0 0 0 DAVID ARMENT TRUSTEE 2.00 X 0 0 0 NIMISH BHATT TRUSTEE 2.00 X 0 0 0 CAROLINE BURNETT TRUSTEE 2.00 X 0 0 0 ELAIN COLE TRUSTEE 2.00 X 0 0 0 JOE COLVIN TRUSTEE 2.00 X 0 0 0 DIANE DOMENICI TRUSTEE 2.00 X 0 0 0 GREG DOVE TRUSTEE 2.00 X 0 0 0 JOHN DUNCAN TRUSTEE 2.00 X 0 0 0 KIRK ELLIS TRUSTEE 2.00 X 0 0 0 DEBORAH FRITZ TRUSTEE 2.00 X 0 0 0 ROBERT GLICK TRUSTEE (THROUGH DECEMBER 2024) 2.00 X 0 0 0 CARMEN GONZALES TRUSTEE 2.00 X 0 0 0 J SCOTT HALL TRUSTEE 2.00 X 0 0 0 PAT HALL TRUSTEE 2.00 X 0 0 0 MARILYN HARRIS TRUSTEE 2.00 X 0 0 0 SUSIE HERMAN TRUSTEE 2.00 X 0 0 0 RUTH HOGAN TRUSTEE 2.00 X 0 0 0 PEGGY HUBBARD TRUSTEE 2.00 X 0 0 0 ROBERT JONES TRUSTEE 2.00 X 0 0 0 BRUCE LARSEN TRUSTEE 2.00 X 0 0 0 CHRISTINE MCDERMOTT TRUSTEE 2.00 X 0 0 0 DEE ANN MCINTYRE TRUSTEE 2.00 X 0 0 0 KATE MOSS TRUSTEE 2.00 X 0 0 0 PATTY NEWMAN TRUSTEE 2.00 X 0 0 0 MICHAEL OGG MD TRUSTEE 2.00 X 0 0 0 DENNIS A O'TOOLE PHD TRUSTEE 2.00 X 0 0 0 SARA OTTO TRUSTEE 2.00 X 0 0 0 SABRINA PRATT TRUSTEE 2.00 X 0 0 0 MICHAEL REID TRUSTEE 2.00 X 0 0 0 NATALIE RIVERA TRUSTEE 2.00 X 0 0 0 WILSON SCANLAN TRUSTEE 2.00 X 0 0 0 FRIEDA SIMONS TRUSTEE 2.00 X 0 0 0 COURTNEY FINCH TAYLOR TRUSTEE 2.00 X 0 0 0 MARGO THOMA TRUSTEE 2.00 X 0 0 0 ELMER TORRES TRUSTEE 2.00 X 0 0 0 LAURA WIDMAR TRUSTEE 2.00 X 0 0 0 MADELEINE WRIGHT TRUSTEE 2.00 X 0 0 0 SANDY ZANE TRUSTEE 2.00 X 0 0 0 JAMIE CLEMENTS PRESIDENT/CEO 40.00 X 237235 0 42594 GEORGINE CHAVEZ VP OF FINANCE & OPERATIONS 40.00 X 108964 0 26132 MARIANN MINANA-LOVATO VP OF MEMBERSHIP & COMMUNICATION 40.00 X 100944 0 6866 447143 0 75592 3 0 1 0 JOHN BARTON ARCHITECTS LLC 1600 LENA STREET UNIT B SANTA FE NM 87505 LOS LUCEROS RENOVATIONS 191444 MASTERPIECE INTERNATIONAL 39 BROADWAY 1410 NEW YORK NY 10006 MUSEUM OF ART SHIPPING SERVICES 152814 INK & IMAGES 2205 VIA SEVILL RD NW ALBUQUERQUE NM 87104 PRINTING SERVICES 101932 3 1559444 302942 59502 4842195 169115 6764083 MEMBERSHIP DUES 900099 153880 153880 153880 1422255 1422255 92190 92190 42170933 34637274 7533659 7533659 7533659 183000 302942 214234 -31234 -31234 3733984 3451279 282705 282705 16217538 436585 0 9016870 3911637 3911637 420566 344992 58196 17378 1153185 917308 190302 45575 62771 44105 16607 2059 146041 119798 20208 6035 105275 86358 14567 4350 18525 18525 68275 68275 43172 43172 129708 129708 517582 481922 32094 3566 40868 38857 1341 670 78152 64935 11241 1976 109706 95996 12339 1371 9082 7720 908 454 83958 67268 13337 3353 68685 59069 6869 2747 PROMOTION 233054 213777 16523 2754 COGS-MARKETING AND DIST 146081 146081 PRINTING 125143 105746 18146 1251 WAREHOUSE EXPENSES 76593 61275 7659 7659 135331 118992 13834 2505 7683390 6947533 632154 103703 70405 14348 4072357 4386347 481903 1149385 2500 1779086 1749049 4188 4709 4493703 2298107 2240075 2195596 41589100 27059375 14832803 287037 3474083 50526651 54865695 322650 435167 173988 161548 496638 596715 X 28299411 29730808 21730602 24538172 50030013 54268980 50526651 54865695 X 8534148 -4476338 181157 X 0 1 X 1 0 X 7439593 7494395 7585700 6561728 6764083 35845499 1384884 3589865 3609614 4029991 3887864 16502218 197334 223818 382225 603641 183000 1590018 9021811 11308078 11577539 11195360 10834947 53937735 943557 1408967 677219 534812 331757 3896312 0 943557 1408967 677219 534812 331757 3896312 50041423 613507 667274 864876 1382004 1514445 5042106 613507 667274 864876 1382004 1514445 5042106 592761 768022 6500 1367283 10228079 12743374 12442415 12583864 12349392 60347124 0.82920 0.81360 0.08360 0.07300 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 592,761. 2021 AMOUNT: $ 768,022. 2023 AMOUNT: $ 6,500. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 1 0 0 1 43172 0 0 43172 0 PART II-B, LINE 1: THE FOUNDATION ENGAGES A LOBBYIST WHO REPRESENTS THE INTERESTS OF THE MUSEUMS BEFORE THE NEW MEXICO LEGISLATURE, PROVIDING LEGISLATORS AWARENESS OF CAPITAL PROJECTS AND OTHER NEEDS OF THE MUSEUM. THE FOUNDATION ALSO INCLUDES ADVOCACY IN ITS NORMAL COMMUNICATION TO MEMBERS, AND CONTACT WITH LEGISLATORS IS DONE BY VOLUNTEERS AT NO EXPENSE, MAINLY USING E-MAIL CORRESPONDENCE. 0 254899 X X 0 27775848 1078984 2952029 166963 94427 31545471 24814849 466231 2862629 392382 -24521 27775848 22846105 1990638 238863 225402 35355 24814849 24319403 2368206 -3497321 305745 38438 22846105 18364287 4807916 1654789 272497 235092 24319403 0.22990 0.38480 0.38530 0 0 2256233 486165 1770068 1712045 1349560 362485 503186 455710 47476 22239 6672 15567 2195596 OTHER SECURITIES 14832803 C 14832803 WORKS OF ART 254899 SHOP DEPOSIT IN TRANSIT 20769 DISTRIBUTION RECEIVABLE 3198415 3474083 CHARITABLE ANNUITIES 161548 161548 X 12135057 -4476338 274256 395390 -3806692 15941749 129708 146081 275789 16217538 7896090 274256 214233 488489 7407601 129708 146081 275789 7683390 PART III, LINE 4: THE WORKS OF ART CAME TO THE FOUNDATION IN VARIOUS ESTATE GIFTS. THESE ITEMS ARE REMAINING AFTER THE FOUNDATION DONATES THE ITEMS TO THE MUSEUM THAT THEY WANT FOR THEIR COLLECTION. THE REMAINING ITEMS ARE PUT ON CONSIGNMENT AND SOLD IN ORDER TO GIVE THE PROCEEDS TO THE MUSEUM. THE ITEMS MAY ALSO BE DONATED TO THE SILENT AUCTION AT THE MUSEUM FUNDRAISER. PART X, LINE 2: UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, THE FOUNDATION IS EXEMPT FROM TAXES ON INCOME OTHER THAN UNRELATED BUSINESS INCOME. THE FOUNDATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENT WHEN IT IS MORE LIKELY THAN NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF JUNE 30, 2025 AND 2024, THE FOUNDATION HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 214,233. CHANGE IN VALUE OF ANNUITIES 181,157. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS-MARKETING AND DISTRIBUTION 146,081. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 214,233. PART XII, LINE 4B - OTHER ADJUSTMENTS: COGS-MARKETING AND DISTRIBUTION 146,081. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2056384 0 0 0 0 0 0 2056384 0 2056384 1 0 1 0 1 0 NMHM HARVEY 152645 80875 71770 4105 29830 77749 FOLK ART FLEA 235202 172617 62585 6547 1297 26233 2 98095 49450 48645 22317 1520 44636 485942 302942 183000 10652 53444 1520 148618 214234 -31234 0 MUSEUM OF NEW MEXICO 228 E PALACE AVE SANTA FE NM 87501 850202503 115 3911637 0 SUPPORT THE MUSEUM 1 0 PART I, LINE 2: THE FOUNDATION IN COLLABORATION WITH THE MUSEUMS VERIFIES AND REVIEWS INVOICES AND REPORTS PRIOR TO SUBMISSION FOR DRAWS AND REIMBURSEMENTS. X 0 0 0 0 0 0 0 1 0 JAMIE CLEMENTS PRESIDENT/CEO 224897 0 12338 0 0 0 15002 0 27592 0 279829 0 0 0 PART I, LINE 7 BONUS FOR THE PRESIDENT/CEO WAS BASED ON JOB PERFORMANCE. X 5 169115 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE TAKES RESPONSIBILITY AND JOINTLY REVIEWS THE 990 WITH THE FINANCE COMMITTEE. BOTH THE AUDIT AND FINANCE COMMITTEES REVIEW THE FILING AND MOVE TO RECOMMEND APPROVAL BY THE EXECUTIVE COMMITTEE. ONCE THAT APPROVAL OCCURS, THE PUBLIC DISCLOSURE COPY OF THE FORM 990 IS SENT TO THE FULL BOARD, WITH BOARD MEMBERS BEING ADVISED AS TO HOW THEY COULD REVIEW A FULL COPY OF THE FORM 990 AT THEIR WILL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF TRUSTEES AND EMPLOYEES MUST FILL OUT A CONFLICT OF INTEREST STATEMENT ANNUALLY. THROUGHOUT THE YEAR, THE BOARD OF TRUSTEES AND EMPLOYEES ARE SUBJECT TO PERIODIC REVIEWS. IF A PERSON HAS A POTENTIAL CONFLICT OF INTEREST, THEY DON'T PARTICIPATE IN THE DISCUSSION/VOTE ON THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED ANNUALLY AS PART OF THE BUDGET PROCESS AND PERFORMANCE EVALUATIONS. EVALUATIONS ARE PERFORMED ANNUALLY BY THE BOARD CHAIR. THE BUDGETS MUST BE APPROVED BY THE BOARD OF TRUSTEES. THE REVIEWS INCLUDE USE OF COMPARATIVE DATA, AND ALL DELIBERATIONS AND DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF ANNUITIES 181,157.