2025-12-18T15:39:37-05:00 2025-02-28 481255955 TKM LLC 6747 Academy Road NE Ste A Albuquerque NM 87109 990 2024-03-01 850479005 THE COUSE FOUNDATION % ELIZABETH CRITTENDEN PALACIOS COUS PO BOX 1436 TAOS NM 87571 ELIZABETH CRITTENDEN PALACIOS CHAIR 5757510369 2025-12-18 true true DANIEL O TRUJILLO CPA P01060566 5058225100 2025-12-18 2024 2025-03-06 01:10:19Z ELIZABETH CRITTENDEN PALACIOS 1236 HALF MOON RD EL PRADO NM 87529 2723837 false X WWW.COUSEFOUNDATION.ORG X 2001 NM SEE SCHEDULE O 11 11 8 40 0 0 1583342 2607133 122802 11000 14146 25520 30296 -4904 1750586 2638749 0 0 489124 508119 0 354213 471120 931825 960244 1439944 790342 1198805 9478828 10364942 435944 123253 9042884 10241689 X SEE SCHEDULE O false false 807859 ACCOMPLISHMENTS INCLUDE MULTIPLE CULTURALLY RELEVANT EXHIBITIONS OF ARTWORK, ARCHIVAL MATERIALS, AND ASSOCIATED OBJECTS; EDUCATIONAL TOURS, PROGRAMS, PUBLICATIONS, AND EVENTS FOR STUDENTS AND THE GENERAL PUBLIC; AND ASSEMBLING, PRESERVING, HOUSING AND MAKING ACCESSIBLE AN ARCHIVE AND RESEARCH LIBRARY AVAILABLE TO STUDENTS, SCHOLARS, AND INTERESTED MEMBERS OF THE PUBLIC. SUBJECTS OF THE ABOVE ACTIVITIES INCLUDE E. I. COUSE, J. H. SHARP, AND THE OTHER MEMBERS OF THE TAOS SOCIETY OF ARTISTS, ACTIVE IN THE EARLY 20TH CENTURY; OTHER EARLY ARTISTS OF TAOS; AND THE CULTURAL MILIEU IN WHICH ALL OF THE ABOVE WORKED, INCLUDING INTERACTIONS WITH RESIDENTS OF TAOS PUEBLO, OTHER INDIGENOUS GROUPS, THE HISPANO COMMUNITY OF THE REGION, AND THE ANGLO SETTLERS IN THE AREA. 807859 true true false false false false false true false false true false false true true true true false false false false false false false true false false false false false false false false false false false false false false true false false false false false false false true 53 0 true 8 true false false false false false false true 3 false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false NM X X ELIZABETH CRITTENDEN PALACIOS 5757510369 1236 HALF MOON RD EL PRADO NM 87529 X ELIZABETH CRITTENDEN PALACIOS CHAIR 0.00 0.00 X X 0 0 0 HOLLY AZZARI VICE-PRESIDENT 0.00 0.00 X X 0 0 0 BETTY BROWNLEE SECRETARY 0.00 0.00 X X 0 0 0 TIM HLAVIN TREASURER 0.00 0.00 X X 0 0 0 ROBERT BERQUIST BOARD MEMBER 0.00 0.00 X 0 0 0 RICHARD COFFMAN BOARD MEMBER 0.00 0.00 X 0 0 0 DUSTIN LEAVITT BOARD MEMBER 0.00 0.00 X 0 0 0 TIM NEWTON BOARD MEMBER 0.00 0.00 X 0 0 0 KEITH OHNMEIS BOARD MEMBER 0.00 0.00 X 0 0 0 ILONA SPRUCE BOARD MEMBER 0.00 0.00 X 0 0 0 TERRY WINCHELL BOARD MEMBER 0.00 0.00 X 0 0 0 0 0 0 0 false false false 619659 1987474 2607133 PROMO ACTIVITIES GV'T F 900099 11000 11000 11000 25520 25520 5400 2685 2715 2715 2715 619659 0 74784 82403 -7619 -7619 2638749 31616 0 0 439627 227464 139942 72221 33960 18147 10496 5317 34532 17910 10976 5646 30242 30242 34621 24801 9820 94721 44068 41443 9210 32177 28376 3391 410 22620 10269 1163 11188 22192 16219 5973 193182 193182 57862 38862 18986 14 EVENT EXPENSE 362421 123779 238642 CONTRACT LABOR 38518 26554 11173 791 BANK FEES 6384 3369 2431 584 CURATORIAL EXPENSES 31072 31072 5813 3787 1656 370 1439944 807859 277872 354213 349678 363809 1260 340 120233 102633 2882 9745334 836378 8968877 8908956 1306 38780 985016 9478828 10364942 12961 22603 422333 100000 650 650 435944 123253 X 5620207 6819012 3422677 3422677 9042884 10241689 9478828 10364942 1198805 0 X false true X true false X 1623670 1494493 1277474 1583342 2407202 8386181 1623670 1494493 1277474 1583342 2407202 8386181 1509251 6876930 7783 5644 5579 19546 25520 64072 427072 146147 74784 648003 9098256 0.75590 0.69050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4252119 X X X X true 550000 550000 1210731 219670 991061 3176874 324827 2852047 555610 291881 263729 4252119 4252119 8908956 CASH SURRENDER VALUE - LIFE INSURAN 43285 ASSETS HELD-FOR-SALE NET 941731 985016 OTHER LIABILITIES 650 650 X 2723837 2723837 -85088 -85088 2638749 1525032 1525032 -85088 -85088 1439944 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS A PUBLIC CHARITY. HOWEVER, UNRELATED BUSINESS INCOME WOULD BE SUBJECT TO FEDERAL INCOME TAXES. THE FOUNDATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED FEBRUARY 28, 2025, AND FEBRUARY 29, 2024. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. TAX RETURNS MAY BE SUBJECT TO NORMAL FEDERAL AND STATE EXAMINATION WITHIN THE STATUTE OF LIMITATIONS, WHICH IS THREE YEARS FROM THE DATE THE TAX RETURN IS FILED FOR FEDERAL PURPOSES AND FOUR YEARS FOR THE STATE OF NEW MEXICO. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF ASC NO. 740-10, INCOME TAXES, RELATED TO ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. NO PROVISIONS FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEARS ENDED FEBRUARY 28, 2025, AND FEBRUARY 29, 2024. GALAART SAL 619659 619659 362421 619659 619659 362421 362421 257238 X 6 33920 FMV X 3 203509 FMV X 1 825000 FMV X PERSONAL PROPERTY 288466 FMV false true false Form 990 governing body review Part VI line 11 THE FORM 990 IS SIGNED BY ONE OF THE ORGANIZATIONS OFFICERS. THE FORM 990 IS REVIEWED BY THE BOARD CHAIR, THE TREASURER, THE EXECUTIVE DIRECTOR, AND MEMBERS OF THE FINANCE COMMITTEE, THEN MADE AVAILABLE TO ALL OTHER BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. Conflict of interest policy compliance Part VI line 12c THE CHAIR OF THE BOARD OF DIRECTORS PERSONALLY INTERVIEWS EVERY CANDIDATE FOR THE BOARD AFTER REVIEWING THE CANDIDATES C.V. ONCE ELECTED, THE NEW BOARD MEMBER IS PROVIDED A COPY OF THE ORGANIZATIONS BYLAWS WHICH CONTAINS AN EXTENSIVE CONFLICTS POLICY. THE BOARD ALSO HAS ADOPTED A POLICY REQUIRING ALL BOARD MEMBERS TO ACKNOWLEDGE AND ACCEPT THE CONTENTS OF THIS POLICY. FINALLY, NO BOARD MEMBER IS DIRECTLY OR INDIRECTLY COMPENSATED BY THE ORGANIZATION, NOR IS ANY BOARD MEMBER A VENDOR OF GOODS OR FEE-BASED SERVICES TO THE ORGANIZATION. ONE BOARD MEMBERS DAUGHTER IS A COMPENSATED GRAPHIC ARTS CONTRACTOR BUT WELL BELOW DISCLOSEABLE THRESHOLDS. CEO executive director top management comp Part VI line 15a MARKET INQUIRY OF SIMILAR EXECUTIVE DIRECTOR POSITIONS IN TAOS MARKET (ART MUSEUMS). Governing documents etc available to public Part VI line 19 THE ORGANIZATION KEEPS ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST AT ITS OFFICES. Part III response or note to any other line in Part III FORM 990 - ORGANIZATIONS MISSION STATEMENT OF PURPOSE: THROUGH ITS ARCHIVES, COLLECTIONS, AND PROGRAMMING, THE COUSE-SHARP HISTORIC SITE PRESERVES AND INTERPRETS TAOS CROSSROADS OF CULTURES, PROMOTING AND FACILITATING RESEARCH, EDUCATION, AND NEW PERSPECTIVES ON THE TAOS SOCIETY OF ARTISTS, EARLY ARTISTS OF TAOS, AND REGIONAL AND INDIGENOUS COMMUNITIES IN RELATION TO THE GREATER STORY OF THE MULTICULTURAL AMERICAN WEST.