2024-11-15T16:57:16-05:00 2023-12-31 203746583 TAYLOR ROTH AND COMPANY 800 GRANT ST STE 205 DENVER CO 802032944 990 2023-01-01 432089526 WAREHOUSE 505 WARE 5052962738 508 1ST STREET NW ALBUQUERQUE NM 87102 THIERRY GONZALEZ EXECUTIVE DIRECTOR 5052962738 2024-11-15 true true SHANNON L GILLILAND P02243875 3038308109 2024-11-15 2023 2024-10-15 13:58:12Z THIERRY GONZALEZ 508 1ST STREET NW ALBUQUERQUE NM 87102 577634 false X WWW.WAREHOUSE505.ORG X 2005 NM WAREHOUSE 505 (FORMERLY NEW MEXICO XTREME SPORTS ASSN.) INVESTS IN ALBUQUERQUE'S YOUTH BY PROVIDING A PLACE TO LEARN AND DEVELOP SKILLS UNDER MENTORSHIP WITHIN THE CREATIVE ARTS AND INDIVIDUAL SPORTS. 8 7 16 8 0 287003 478363 9238 47800 129 7926 51342 304167 577634 1944 0 0 229142 323943 0 21468 173669 351160 404755 675103 -100588 -97469 191894 264236 336708 506519 -144814 -242283 X WAREHOUSE 505 (FORMERLY NEW MEXICO XTREME SPORTS ASSN.) INVESTS IN ALBUQUERQUE'S YOUTH BY PROVIDING A PLACE TO LEARN AND DEVELOP SKILLS UNDER MENTORSHIP WITHIN THE CREATIVE ARTS AND INDIVIDUAL SPORTS. false false 578317 47800 WAREHOUSE 505 IS A NON-PROFIT, SOCIAL ENTERPRISE AND VENUE THAT INVESTS IN ALBUQUERQUE'S YOUTH BY PROVIDING A PLACE TO LEARN AND DEVELOP SKILLS UNDER MENTORSHIP WITHIN THE CREATIVE ARTS AND INDIVIDUAL SPORTS. ESTABLISHED IN 2009 AS WAREHOUSE 508, WE HAVE WORKED TOWARDS FUTHERING CONNECTIONS BETWEEN YOUTH AND THE COMMUNITY AND FOSTERING EMPLOYMENT EXPERIENCES AND OPPORTUNITIES. WAREHOUSE 505 OFFERS A VARIETY OF AFTER-SCHOOL PROGRAMMING IN THE VISUAL AND PERFORMING ARTS FOR YOUTH AGES 12-30. WORKING UNDER TALENTED MENTORS AND ARTISTS WITHIN THE CITY, YOUTH WILL LEARN AND DEVELOP SKILLS THAT THEY CAN TAKE WITH THEM FOR FUTURE EMPLOYMENT, WHICH WAREHOUSE 505 WORKS TO HELP FOSTER. PREVIOUS CLASSES WE HAVE OFFERED INCLUDE MURAL ARTS, PHOTOGRAPHY, MUSIC, ACTING, MOVIE MAKING, SEWING, DIGIAL DRAWING, DJ, AND SO MUCH MORE THROUGH CREATIVE ARTS, WAREHOUSE 505 PROVIDES: -- A SAFE AND SECURE FACILITY FOR YOUTH, THEIR FAMILIES AND THE COMMUNITY, INCLUDING INDIVIDUALS, ORGANIZATIONS AND BUSINESSES TO ENGAGE, INTERACT AND OPERATE. -- OFFERS CREATIVE ARTS, INDIVIDUAL SPORTS AND LEADERSHIP CLASSES AND WORKSHOPS FOR YOUTH AGES 13-20. -- DEVELOPS EMPLOYMENT OPPORTUNITIES FOR YOUTH. -- MAINTAINS AN ACCESSIBLE PERFORMANCE SPACE. 578317 true true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false true false true false false false false false false false false false false false true 1 0 true 16 true false false false false false false false false false false false false X 8 7 true false false false false false false true true false false false true true true true true true true false NM X THIERRY GONZALEZ 5052962738 508 1ST STREET NW ALBUQUERQUE NM 87102 DUANE KINSLEY DIRECTOR 2.00 X 0 0 0 SUSIE TALLMAN DIRECTOR 2.00 X 0 0 0 DANIELLE WEED DIRECTOR 2.00 X 0 0 0 SEAN WEED DIRECTOR 2.00 X 0 0 0 JESSICA HERNANDEZ PRESIDENT 2.00 X X 0 0 0 MARK GORHAM VICE PRESIDE 2.00 X X 0 0 0 SUE FISHER SECRETARY 2.00 X X 0 0 0 DAVID CROSBY TREASURER 2.00 X X 0 0 0 THIERRY GONZALEZ EXECUTIVE DI 40.00 X 59025 0 8595 59025 8595 false false false 459349 19014 478363 JOB SKILLS PROGRAM 624100 47725 47725 PROGRAM PARTICIPANT FEES 624100 75 75 47800 129 129 47712 47712 47712 47712 OTHER INCOME 3630 3630 3630 577634 51430 47841 67620 54096 9813 3711 185429 172963 3194 9272 500 450 25 25 9128 8901 101 126 61266 55139 3063 3064 40724 40724 27045 24341 1352 1352 50368 45810 3647 911 122004 109804 9760 2440 1080 972 86 22 2012 1811 161 40 19382 17444 1550 388 PROGRAM SUPPLIES & EXP 49826 49826 PRINT SHOP SUPPLIES 31505 31505 OTHER EXPENSES 5839 5255 467 117 FEES AND PENALTIES 1375 1375 675103 578317 75318 21468 10457 64954 39419 1790 83800 172924 52893 1000 30893 51893 191894 264236 144869 197604 167000 253256 24839 55659 336708 506519 X -149814 -242283 5000 -144814 -242283 191894 264236 -97469 X X false false false X 289595 262067 328928 287003 478363 1645956 13000 13000 13000 13000 52000 302595 275067 341928 300003 478363 1697956 1697956 19 7926 47841 55786 16384 8222 24606 2372 2372 1780720 113484 0.95350 0.95620 X PART II, LINE 10 2,372 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30893 30893 22000 1000 21000 51893 DUANE KINSLEY BOARD MEMBER/FOUNDER LINE OF CREDIT X 250000 253256 false true true 253256 DUANE KINSLEY FOUNDER 172197 RENTAL CREDIT false DUANE KINSLEY FOUNDER 58000 RENT PAYMENTS false SCHEDULE L, PART V DURING THE YEAR ENDED DECEMBER 31, 2022, THE ORGANIZATION ENTERED INTO A RENTAL AGREEMENT TO LEASE PROPERTY OWNED BY A BOARD MEMBER. THE RENTAL PROPERTY WAS TO BE USED AS THE MAIN OPERATIONAL FACILITY. WHILE IMPROVEMENTS WERE BEING MADE TO MAKE THE PROPERTY READY FOR USE, A FIRE DAMAGED THE PROPERTY AND REQUIRED ADDITIONAL IMPROVEMENTS, IN ADDITION TO DELAYING OCCUPANCY FOR THE ORGANIZATION. DUE THESE DELAYS, THE ORGANIZATION DID NOT TAKE OCCUPANCY FOR OPERATIONAL ACTIVITIES UNTIL 2023, AND THE RENT WAS WAIVED BY THE LANDLORD DURING 2022. DURING 2022 AND 2023, SOME OF THE BUILDING IMPROVEMENTS WERE PAID FOR BY THE ORGANIZATION, AS WELL AS A PORTION OF THE UTILITIES, WHICH AFTER CLARIFICATIONS WERE MADE TO THE LEASE AGREEMENT, WERE DEFINED AS THE RESPONSIBILITY OF THE LANDLORD. AS A RESULT, THE ORGANIZATION RECORDED A FACILITY RENTAL CREDIT OF 172,197 AS OF DECEMBER 31, 2023, WHICH WILL BE APPLIED TO RENTAL PAYMENTS DURING THE SUBSEQUENT CALENDAR YEARS. FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEER ACTIVITIES INCLUDED ASSISTING WITH THE SOUND SERVICES FOR THE EVENTS, RUN THE DOOR DURING EVENTS, CAPTURING PHOTOGRAPHY DURING EVENTS, AND FRONT DESK/RECEPTION SERVICES. BOARD MEMBERS ALSO SERVE IN A VOLUNTEER CAPACITY. FORM 990, PAGE 2, PART III, LINE 4A WAREHOUSE 505 IS A NON-PROFIT, SOCIAL ENTERPRISE AND VENUE THAT INVESTS IN ALBUQUERQUE'S YOUTH BY PROVIDING A PLACE TO LEARN AND DEVELOP SKILLS UNDER MENTORSHIP WITHIN THE CREATIVE ARTS AND INDIVIDUAL SPORTS. ESTABLISHED IN 2009 AS WAREHOUSE 508, WE HAVE WORKED TOWARDS FUTHERING CONNECTIONS BETWEEN YOUTH AND THE COMMUNITY AND FOSTERING EMPLOYMENT EXPERIENCES AND OPPORTUNITIES. WAREHOUSE 505 OFFERS A VARIETY OF AFTER-SCHOOL PROGRAMMING IN THE VISUAL AND PERFORMING ARTS FOR YOUTH AGES 12-30. WORKING UNDER TALENTED MENTORS AND ARTISTS WITHIN THE CITY, YOUTH WILL LEARN AND DEVELOP SKILLS THAT THEY CAN TAKE WITH THEM FOR FUTURE EMPLOYMENT, WHICH WAREHOUSE 505 WORKS TO HELP FOSTER. PREVIOUS CLASSES WE HAVE OFFERED INCLUDE MURAL ARTS, PHOTOGRAPHY, MUSIC, ACTING, MOVIE MAKING, SEWING, DIGIAL DRAWING, DJ, AND SO MUCH MORE THROUGH CREATIVE ARTS, WAREHOUSE 505 PROVIDES: -- A SAFE AND SECURE FACILITY FOR YOUTH, THEIR FAMILIES AND THE COMMUNITY, INCLUDING INDIVIDUALS, ORGANIZATIONS AND BUSINESSES TO ENGAGE, INTERACT AND OPERATE. -- OFFERS CREATIVE ARTS, INDIVIDUAL SPORTS AND LEADERSHIP CLASSES AND WORKSHOPS FOR YOUTH AGES 13-20. -- DEVELOPS EMPLOYMENT OPPORTUNITIES FOR YOUTH. -- MAINTAINS AN ACCESSIBLE PERFORMANCE SPACE. FORM 990, PAGE 6, PART VI, LINE 2 DANIELLE WEED SEAN WEED BOARD MEMBER BOARD MEMBER MARRIED FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT OF THE FORM 990 IS INTIALLY REVIEWED BY THE EXECUTIVE DIRECTOR WITH THE ASSISTANCE OF THE PREPARER. ONCE THE FORM 990 IS REVIEWED AND COMPLETE, IT IS REVIEWED AGAIN BY THE BOARD TREASURER. AFTER APPROVAL BY THE TREASURER, THE FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND DIRECTORS ARE ASKED TO DISCLOSE CONFLICTS OF INTEREST AT THE BEGINNING OF EACH FISCAL YEAR AND UPDATE THE DISCLOSURE IF NEEDED DUE TO NEW CIRCUMSTANCES. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15B TOTAL WAGE EXPENSE IS APPROVED IN THE ANNUAL BUDGET BY THE BOARD OF DIRECTORS. ALL EMPLOYEES HAVE AN ANNUAL REVIEW AND RAISES ARE APPROVED DURING THIS PROCESS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MAINTAINED WITH THE ORGANIZATION AND AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII THE AUDIT WAS IN PROCESS AT THE TIME OF THE FILING OF THE 2022 FORM 990.