INTERNATIONAL FOLK ART ALLIANCE INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL FOLK ART ALLIANCE INC (EIN 35-2285824)
- Tax period
- 2016-11-01 to 2017-10-31
- Filed
- 2018-06-05
- IRS object ID
- 201831569349300233
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-06-05T12:14:55-05:00 | ReturnTs |
| Tax Period End | 2017-10-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 850211867 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ATKINSON & CO LTD | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 25246 | AddressLine1Txt |
| City | ALBUQUERQUE | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87125 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-11-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 352285824 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL FOLK ART ALLIANCE INC | BusinessNameLine1Txt |
| Business Name Line2 | DBA IFAM | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | INTE | BusinessNameControlTxt |
| Phone | 5059927600 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 620 CERRILLOS ROAD | AddressLine1Txt |
| City | SANTA FE | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87505 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KATHRYN KING COLEMAN | PersonNm |
| Person Title | CHAIR | PersonTitleTxt |
| Phone | 5059927600 | PhoneNum |
| Signature | 2018-05-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JESSICA LOCKER CPA | PreparerPersonNm |
| PTIN | P01367046 | PTIN |
| Phone | 5058436492 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IFAM | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KATHRYN KING COLEMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 620 CERRILLOS ROAD | AddressLine1Txt |
| City | SANTA FE | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87505 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,087,497 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.FOLKARTMARKET.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2006 | FormationYr |
| Legal Domicile State | NM | LegalDomicileStateCd |
| Activity Or Mission | CREATING ECONOMIC OPPORTUNITIES FOR INTERNATIONAL ARTISAN-ENTREPRENEURS WHO PROMOTE GLOBAL CULTURAL HERITAGE THROUGH MASTER CRAFT AND INCREASE HUMAN WELL-BEING THROUGH THEIR BUSINESS MODELS. TO AUGMENT THIS PURSUIT, THE ORGANIZATION MOVED TO A LARGER HEADQUARTERS, INVESTING IN TENANT IMPROVEMENTS AS THE FIRST PHASE OF A CAMPAIGN TO OWN THE BUILDING OUTRIGHT IN 2020. | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 15 | TotalEmployeeCnt |
| Total Volunteers | 1784 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,577,318 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,108,796 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,033,103 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,095,344 | CYProgramServiceRevenueAmt |
| PY Investment Income | $61,087 | PYInvestmentIncomeAmt |
| CY Investment Income | $80,501 | CYInvestmentIncomeAmt |
| PY Other Revenue | $93,271 | PYOtherRevenueAmt |
| CY Other Revenue | $115,077 | CYOtherRevenueAmt |
| PY Total Revenue | $2,764,779 | PYTotalRevenueAmt |
| CY Total Revenue | $3,399,718 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,045,708 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,179,774 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $275,989 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,940,128 | PYOtherExpensesAmt |
| CY Other Expenses | $2,170,183 | CYOtherExpensesAmt |
| PY Total Expenses | $2,985,836 | PYTotalExpensesAmt |
| CY Total Expenses | $3,349,957 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$221,057 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $49,761 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,163,462 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,652,788 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $86,813 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $530,645 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,076,649 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,122,143 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | CREATING ECONOMIC OPPORTUNITIES FOR INTERNATIONAL ARTISAN-ENTREPRENEURS WHO PROMOTE GLOBAL CULTURAL HERITAGE THROUGH MASTER CRAFT AND INCREASE HUMAN WELL-BEING THROUGH THEIR BUSINESS MODELS. TO AUGMENT THIS PURSUIT, THE ORGANIZATION MOVED TO A LARGER HEADQUARTERS, INVESTING IN TENANT IMPROVEMENTS AS THE FIRST PHASE OF A CAMPAIGN TO OWN THE BUILDING OUTRIGHT IN 2020. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,789,565 | ExpenseAmt |
| Revenue | $1,095,344 | RevenueAmt |
| Desc | PRODUCING INTERNATIONAL FOLK ART MARKETS AS A PROGRAMMATIC OUTCOME OF HIGHLY CURATED ARTIST SELECTION AND ENTREPRENEURISM EDUCATION. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $369,766 | ExpenseAmt |
| Desc | PROMOTING CULTURAL EXCHANGE BY PROVIDING THE GENERAL PUBLIC OPPORTUNITIES TO LEARN ABOUT INTERNATIONAL FOLK ART AS A TRANSMISSION OF METHODS, MATERIALS AND TECHNIQUES PASSED ON THROUGH GENERATIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $306,239 | ExpenseAmt |
| Desc | EXPANDING OPPORTUNITIES FOR ARTISANS BY OFFERING ADVANCED ENTREPRENEURSIM EDUCATION, INCLUDING SOCIAL ENTERPRISE MODELS AND IN-COUNTRY CURRICULUM DELIVERY, AND SALES VENUES, INCLUDING WHOLESALE AND VIRTUAL CHANNELS. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $386,577 | ExpenseAmt |
| Desc | TRAINING PROGRAM THAT TEACHES ARTISTS CRITICAL MARKETING AND BUSINESS SKILLS TO HELP THEM IMPROVE THEIR SALES, THUS SUSTAINING THEIR TRADITIONS AND CREATING STRONGER ECONOMY FOR THEMSELVES AND THEIR COMMUNITIES. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $386,577 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $2,852,147 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (1) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 47 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 15 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TX | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PATTIE RAVENHEART | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 5059927611 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 620 CERRILLOS ROAD | AddressLine1Txt |
| City | SANTA FE | CityNm |
| State Abbreviation | NM | StateAbbreviationCd |
| ZIP | 87505 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| KATHRYN KING COLEMAN | ||||||
| CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| EDD STEPP | ||||||
| VICE-CHAIR | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RICHARD PORTER | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| BENITA WEBER VASSALLO | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MARK ALEXANDER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CATHY ALLEN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| NELLA DOMENICI | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SHEILA ELLIS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PEGGY GAUSTAD | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| BRENDA KILCUP | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JENNIFER KIMBALL | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KAREN LOUD | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LINDA MARCUS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MANUEL MONTOYA PHD | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JON PATTEN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| KEITH RECKER | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| LIZ REES | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JANE REID | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| CAROL ROBERTSON LOPEZ | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| PETER SPELIOPOULOS | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ROBERT SNOW | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| SUZANNE SUGG | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ALEX TSCHURSIN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL VANDER VELDE | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| ELIZABETH WASHBURN | ||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY SNELL | ||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $200,999 | $0 | $14,638 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $200,999 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $14,638 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| WOLF CORP | |||||
| 1216 PARKWAY DRIVE | SANTA FE | NM | 87507 | LEASEHOLD IMPROVEMENTS | $859,424 |
| PAUL THOMPSON & ASSOCIATES | |||||
| PO BOX 6868 | SANTA FE | NM | 87501 | MARKET LOGISTICS AND TRANSPORTATION | $126,425 |
| CLASSIC PARTY RENTALS | |||||
| 8615 ALAMEDA PARK NE | ALBUQUERQUE | NM | 87113 | TENT RENTALS | $117,453 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $26,000 | GovernmentGrantsAmt |
| All Other Contributions | $2,082,796 | AllOtherContributionsAmt |
| Noncash Contributions | $502,662 | NoncashContributionsAmt |
| Total Contributions | $2,108,796 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TICKET SALES | 900099 | $538,554 | $538,554 |
| HANDLING FEE | 900099 | $341,988 | $341,988 |
| BOOTH REVENUE | 900099 | $213,139 | $213,139 |
| BEST OF THE BEST | 900099 | $1,663 | $1,663 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,095,344 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $88,468 | TotalRevenueColumnAmt |
| Exclusion | $88,468 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $253,296 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $261,263 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$7,967 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$7,967 | TotalRevenueColumnAmt |
| Exclusion | -$7,967 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $368,429 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $341,988 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $26,441 | TotalRevenueColumnAmt |
| Exclusion | $26,441 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $173,164 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $84,528 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $88,636 | TotalRevenueColumnAmt |
| Exclusion | $88,636 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,399,718 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,095,344 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $195,578 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $215,637 | TotalAmt |
| Program Services | $140,330 | ProgramServicesAmt |
| Management And General | $34,437 | ManagementAndGeneralAmt |
| Fundraising | $40,870 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $835,189 | TotalAmt |
| Program Services | $602,198 | ProgramServicesAmt |
| Management And General | $107,909 | ManagementAndGeneralAmt |
| Fundraising | $125,082 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,684 | TotalAmt |
| Program Services | $40,286 | ProgramServicesAmt |
| Management And General | $12,445 | ManagementAndGeneralAmt |
| Fundraising | $11,953 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,264 | TotalAmt |
| Program Services | $40,025 | ProgramServicesAmt |
| Management And General | $12,364 | ManagementAndGeneralAmt |
| Fundraising | $11,875 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,499 | TotalAmt |
| Program Services | $7,874 | ProgramServicesAmt |
| Management And General | $840 | ManagementAndGeneralAmt |
| Fundraising | $1,785 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,438 | TotalAmt |
| Program Services | $21,329 | ProgramServicesAmt |
| Management And General | $2,275 | ManagementAndGeneralAmt |
| Fundraising | $4,834 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $287,095 | TotalAmt |
| Program Services | $287,095 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,990 | TotalAmt |
| Program Services | $16,809 | ProgramServicesAmt |
| Management And General | $2,965 | ManagementAndGeneralAmt |
| Fundraising | $4,216 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,146 | TotalAmt |
| Program Services | $101,359 | ProgramServicesAmt |
| Management And General | $10,812 | ManagementAndGeneralAmt |
| Fundraising | $22,975 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $194,224 | TotalAmt |
| Program Services | $149,724 | ProgramServicesAmt |
| Management And General | $22,142 | ManagementAndGeneralAmt |
| Fundraising | $22,358 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,110 | TotalAmt |
| Program Services | $69,832 | ProgramServicesAmt |
| Management And General | $7,449 | ManagementAndGeneralAmt |
| Fundraising | $15,829 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,125 | TotalAmt |
| Program Services | $22,910 | ProgramServicesAmt |
| Management And General | $5,266 | ManagementAndGeneralAmt |
| Fundraising | $4,949 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,352 | TotalAmt |
| Program Services | $18,206 | ProgramServicesAmt |
| Management And General | $1,106 | ManagementAndGeneralAmt |
| Fundraising | $1,040 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt |
|---|---|---|---|
| GENERAL MARKET | $947,407 | $947,407 | |
| ARTISTS | $253,313 | $253,313 | |
| SPECIAL EVENTS | $92,921 | $88,547 | $4,374 |
| ENTERPRISE EXPENSES | $27,922 | $27,922 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,641 | TotalAmt |
| Program Services | $16,981 | ProgramServicesAmt |
| Management And General | $1,811 | ManagementAndGeneralAmt |
| Fundraising | $3,849 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,349,957 | TotalAmt |
| Program Services | $2,852,147 | ProgramServicesAmt |
| Management And General | $221,821 | ManagementAndGeneralAmt |
| Fundraising | $275,989 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $538,833 | BOYAmt |
| EOY | $694,566 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $409,881 | BOYAmt |
| EOY | $208,649 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $402,518 | BOYAmt |
| EOY | $313,677 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $185,409 | BOYAmt |
| EOY | $201,856 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,958 | BOYAmt |
| EOY | $25,932 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $962,725 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $76,980 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,215 | BOYAmt |
| EOY | $885,745 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,457,732 | BOYAmt |
| EOY | $1,189,300 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,916 | BOYAmt |
| EOY | $133,063 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,163,462 | BOYAmt |
| EOY | $3,652,788 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $29,995 | BOYAmt |
| EOY | $385,642 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,818 | BOYAmt |
| EOY | $28,863 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $116,140 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,813 | BOYAmt |
| EOY | $530,645 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,525,808 | BOYAmt |
| EOY | $1,683,312 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $550,841 | BOYAmt |
| EOY | $438,831 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000,000 | BOYAmt |
| EOY | $1,000,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,076,649 | BOYAmt |
| EOY | $3,122,143 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,163,462 | BOYAmt |
| EOY | $3,652,788 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $49,761 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$4,267 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,503,512 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,393,508 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,304,414 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,577,318 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,108,796 | CurrentTaxYearAmt |
| Total | $7,887,548 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,302,393 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,312,236 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,191,074 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,126,374 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,268,508 | CurrentTaxYearAmt |
| Total | $6,200,585 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,805,905 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,705,744 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,495,488 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,703,692 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,377,304 | CurrentTaxYearAmt |
| Total | $14,088,133 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $345,888 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $275,875 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $260,278 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $453,178 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $534,464 | CurrentTaxYearAmt |
| Total | $1,869,683 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $345,888 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $275,875 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $260,278 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $453,178 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $534,464 | CurrentTaxYearAmt |
| Total | $1,869,683 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $12,218,450 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,501 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $61,473 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $90,701 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $61,087 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $88,468 | CurrentTaxYearAmt |
| Total | $304,230 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,501 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $61,473 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $90,701 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $61,087 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $88,468 | CurrentTaxYearAmt |
| Total | $304,230 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,808,406 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,767,217 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,586,189 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,764,779 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,465,772 | CurrentTaxYearAmt |
| Total | $14,392,363 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.84900 | PublicSupportCY509Pct |
| Public Support PY509 | 0.76950 | PublicSupportPY509Pct |
| Investment Income CY | 0.02110 | InvestmentIncomeCYPct |
| Investment Income PY | 0.01480 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,687,505 | BeginningYearBalanceAmt |
| Contributions | $50,000 | ContributionsAmt |
| Investment Earnings Or Losses | $73,558 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $413,114 | OtherExpendituresAmt |
| End Year Balance | $1,397,949 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,617,502 | BeginningYearBalanceAmt |
| Contributions | $53,962 | ContributionsAmt |
| Investment Earnings Or Losses | $61,041 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $45,000 | OtherExpendituresAmt |
| End Year Balance | $1,687,505 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,506,834 | BeginningYearBalanceAmt |
| Contributions | $70,038 | ContributionsAmt |
| Investment Earnings Or Losses | $65,630 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $25,000 | OtherExpendituresAmt |
| End Year Balance | $1,617,502 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,348,456 | BeginningYearBalanceAmt |
| Contributions | $73,237 | ContributionsAmt |
| Investment Earnings Or Losses | $110,141 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $25,000 | OtherExpendituresAmt |
| End Year Balance | $1,506,834 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,305,242 | BeginningYearBalanceAmt |
| Contributions | $51,505 | ContributionsAmt |
| Investment Earnings Or Losses | -$8,291 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $1,348,456 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.22000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.72000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.06000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $792,306 | OtherCostOrOtherBasisAmt |
| Depreciation | $35,554 | DepreciationAmt |
| Book Value | $756,752 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $170,419 | OtherCostOrOtherBasisAmt |
| Depreciation | $41,426 | DepreciationAmt |
| Book Value | $128,993 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $885,745 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNAMORTIZED RENT | Desc |
| Amt | $116,140 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $116,140 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,578,945 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$4,267 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $183,494 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $179,227 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,399,718 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,399,718 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,533,451 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $183,494 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $183,494 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,349,957 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,349,957 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | THE ORGANIZATION'S ENDOWMENT CONSISTS OF TWO INDIVIDUAL FUNDS ESTABLISHED COLLECTIVELY AS A QUASI-ENDOWMENT FUND AND A DONOR-RESTRICTED FUND. THE ENDOWMENT INCLUDES FUNDS CONTRIBUTED BY NANCE AND RAMON LOPEZ, AND CAROLE AND EDD STEPP, AS WELL AS FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS AN ENDOWMENT. THE ENDOWMENT FUND IS IN ITS SEVENTH YEAR OF EXISTENCE. AS SUCH, ALL MONIES EARNED ARE BEING REINVESTED. |
| PART X, LINE 2: | THE ORGANIZATION APPLIES THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR INCOME TAXES. FASB ASC 740 PROVIDES DETAILED GUIDANCE FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS IN AN ENTERPRISE'S FINANCIAL STATEMENTS. INCOME TAX POSITIONS MUST MEET A MORE-LIKELY-THAN-NOT RECOGNITION THRESHOLD TO BE RECOGNIZED. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX PENALTIES AND INTEREST AS MISCELLANEOUS EXPENSE. DURING THE YEARS ENDED OCTOBER 31, 2017, THE ORGANIZATION RECOGNIZED NO PENALTIES. AS OF OCTOBER 31, 2017, MANAGEMENT DOES NOT BELIEVE THE ORGANIZATION HAS ANY UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, OR DISCLOSURE UNDER FASB ASC 740. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MARKET | Event1Nm |
| Gross Receipts Event1 | $368,429 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $368,429 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $341,988 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $368,429 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $368,429 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $341,988 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $341,988 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $26,441 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY SNELL | PersonNm |
| Title | CHIEF EXECUTIVE OFFICER | TitleTxt |
| Base Compensation Filing Org | $200,999 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $0 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $8,551 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $6,087 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $215,637 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 8 | ContributionCnt |
| Noncash Contributions Rpt F990 | $214,346 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Food Inventory FoodInventoryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 28 | ContributionCnt |
| Noncash Contributions Rpt F990 | $37,309 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | PROMOTIONAL | 9 | $148,784 | FMV |
| Yes (X) | SUPPLIES | 37 | $102,223 | FMV |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND THE AUDIT COMMITTEE AT A SPECIAL AUDIT REVIEW MEETING. IT IS ALSO PRESENTED TO THE GENERAL BOARD. HOWEVER, THE ENTIRE BOARD OF DIRECTORS IS NOT PROVIDED WITH LIST OF DISQUALIFED PERSONS FROM SCHEDULE A NOR SCHEDULE B, SCHEDULE OF CONTRIBUTORS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CONFLICT OF INTEREST POLICY IS EVALUATED AS NEW BUSINESS RELATIONSHIPS AND SITUATIONS ARISE. BOARD TRUSTEES SIGN A COMPLIANCE AGREEMENT FORM ANNUALLY. |
| FORM 990, PART VI, SECTION B, LINE 15 | ORGANIZATION USES THREE DATA SOURCES - LOCAL, REGIONAL AND NATIONAL SALARY SURVEYS OF NON-PROFITS IN RELATED SECTORS OF ARTS, CULTURE AND EDUCATION - TO ARRIVE AT COMPARABLE COMPENSATION LEVELS FOR ITS STAFF. RECOMMENDED SALARIES ARE THEN SHARED BY THE CEO TO THE BOARD'S EXECUTIVE COMMITTEE FOR APPROVAL OR ADJUSTMENT. CEO'S SALARY IS REVIEWED BY EXECUTIVE COMMITTEE ANNUALLY AS PART OF CEO'S EVALUATION PROCESS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, COLUMN B | THE ANNUAL EVENT FOR IFAM IS A MARKET FOR ARTISTS FROM VARIOUS COUNTRIES TO SELL THEIR PRODUCT. IFAM SERVES MOSTLY AS AN INTERMEDIARY BETWEEN THE ARTISTS AND THE GENERAL PUBLIC. BECAUSE OF THIS ROLE, IFAM CAREFULLY TRACKS THE SALES OF THE ARTISTS USING A POS SYSTEM AND SALES RECEIPTS AND THEN RECONCILES WITH THE ARTISTS AFTER THE MARKET. PART OF THE REQUIREMENT FOR THE ARTISTS IS TO KEEP TRACK OF THEIR OWN SALES RECEIPTS (THEY ARE GIVEN COPIES THROUGHOUT THE MARKET). ONCE THE SALES INFORMATION IS RECONCILED, IFAM PAYS THE ARTISTS A SIGNIFICANT PORTION OF MARKET SALES, COLLECTING ONLY A MODEST HANDLING FEE. IF THESE ARTIST PAYOUTS WERE INCLUDED IN THE FUNCTIONAL EXPENSES, THE PROGRAM EFFICIENCY WOULD BE 85%. WITH THE ARTIST PAYOUTS EXCLUDED FROM THE FUNCTIONAL EXPENSES, THE PROGRAM EFFICIENCY RATIO IS 75%. |
| FORM 990, PART XII, LINE 2C | THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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