2025-02-04T15:43:50-06:00 2024-06-30 910189318 MOSS ADAMS LLP 6565 AMERICAS PARKWAY NE STE 600 ALBUQUERQUE NM 87110 990 2023-07-01 850202503 MUSEUM OF NEW MEXICO FOUNDATION MUSE 5059826366 PO BOX 2065 SANTA FE NM 87504 FRIEDA SIMONS CHAIR 5059826366 2025-02-04 1 1 STEVEN TALBOT P01695427 5058787200 2025-02-04 2023 2025-03-06 01:10:19Z FRIEDA SIMONS PO BOX 2065 SANTA FE NM 87504 13829809 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. 41 41 56 120 0 0 7585700 6561728 125427 282695 1037769 1432247 697075 695599 9445971 8972269 8846579 4589734 0 0 1626213 1890386 0 0 106683 1470684 2110579 11943476 8590699 -2497505 381570 47576192 50526651 498895 496638 47077297 50030013 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 4589734 4589734 457467 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/ 3446824 282695 NEW MEMBER AND MEMBERSHIP RETENTION PROGRAM. 8036558 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 219 0 1 56 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 41 41 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NM X X GEORGINE CHAVEZ 5059826366 1411 PASEO DE PERALTA SANTA FE NM 87501 FRIEDA SIMONS CHAIR 2.00 0.00 X X 0 0 0 CATHY ALLEN VICE CHAIR 2.00 0.00 X X 0 0 0 MICHAEL KNIGHT TREASURER 2.00 0.00 X X 0 0 0 KATE MOSS SECRETARY 2.00 0.00 X X 0 0 0 LORIN ABBEY TRUSTEE 2.00 0.00 X 0 0 0 ALLAN AFFELDT TRUSTEE 2.00 0.00 X 0 0 0 JOHN ANDREWS TRUSTEE (THROUGH DECEMBER 2023) 2.00 0.00 X 0 0 0 DAVID ARMENT TRUSTEE 2.00 0.00 X 0 0 0 NANCY BAKER TRUSTEE 2.00 0.00 X 0 0 0 JULIA CATRON TRUSTEE 2.00 0.00 X 0 0 0 JOE COLVIN TRUSTEE 2.00 0.00 X 0 0 0 ROSALIND DOHERTY TRUSTEE 2.00 0.00 X 0 0 0 DIANE DOMENICI TRUSTEE 2.00 0.00 X 0 0 0 GREG DOVE TRUSTEE 2.00 0.00 X 0 0 0 JOHN DUNCAN TRUSTEE 2.00 0.00 X 0 0 0 GWENN DJUPEDAL TRUSTEE 2.00 0.00 X 0 0 0 ERIC GARDUNO TRUSTEE (THROUGH OCTOBER 2023) 2.00 0.00 X 0 0 0 ROBERT GLICK TRUSTEE 2.00 0.00 X 0 0 0 CARMEN GONZALES TRUSTEE 2.00 0.00 X 0 0 0 PAT HALL TRUSTEE 2.00 0.00 X 0 0 0 MARILYN HARRIS TRUSTEE 2.00 0.00 X 0 0 0 DAVID HAWKANSON TRUSTEE (THROUGH DECEMBER 2023) 2.00 0.00 X 0 0 0 SUSIE HERMAN TRUSTEE 2.00 0.00 X 0 0 0 RUTH HOGAN TRUSTEE 2.00 0.00 X 0 0 0 PEGGY HUBBARD TRUSTEE 2.00 0.00 X 0 0 0 EDELMA HUNTLEY TRUSTEE 2.00 0.00 X 0 0 0 BRUCE LARSON TRUSTEE 2.00 0.00 X 0 0 0 JOHN MACUKAS TRUSTEE 2.00 0.00 X 0 0 0 CHRISTINE MCDERMOTT TRUSTEE 2.00 0.00 X 0 0 0 DAN MONROE TRUSTEE 2.00 0.00 X 0 0 0 ROGER MONTOYA TRUSTEE (THROUGH DECEMBER 2023) 2.00 0.00 X 0 0 0 PATTY NEWMAN TRUSTEE 2.00 0.00 X 0 0 0 MICHAEL OGG MD TRUSTEE 2.00 0.00 X 0 0 0 DENNIS A O'TOOLE PHD TRUSTEE 2.00 0.00 X 0 0 0 SARA OTTO TRUSTEE 2.00 0.00 X 0 0 0 SABRINA PRATT TRUSTEE 2.00 0.00 X 0 0 0 ROBERT REIDY MD TRUSTEE (THROUGH JANUARY 2024) 2.00 0.00 X 0 0 0 NATALIE RIVERA TRUSTEE 2.00 0.00 X 0 0 0 JOHN ROCHESTER TRUSTEE (THROUGH JUNE 2024) 2.00 0.00 X 0 0 0 CHRIS RYON TRUSTEE (THROUGH MAY 2024) 2.00 0.00 X 0 0 0 WILSON SCANLAN TRUSTEE 2.00 0.00 X 0 0 0 HARRIET SCHREINER TRUSTEE (THROUGH JANUARY 2024) 2.00 0.00 X 0 0 0 COURTNEY FINCH TAYLOR TRUSTEE 2.00 0.00 X 0 0 0 MARGO THOMA TRUSTEE 2.00 0.00 X 0 0 0 ELMER TORRES TRUSTEE 2.00 0.00 X 0 0 0 ROBERT VLADEM TRUSTEE 2.00 0.00 X 0 0 0 LAURA WIDMAR TRUSTEE 2.00 0.00 X 0 0 0 DAVID YOUNG TRUSTEE 2.00 0.00 X 0 0 0 SANDY ZANE TRUSTEE 2.00 0.00 X 0 0 0 ELLEN ZIESELMAN TRUSTEE (THROUGH AUGUST 2023) 2.00 0.00 X 0 0 0 JAMIE CLEMENTS PRESIDENT/CEO 40.00 0.00 X 217005 0 39024 GEORGINE CHAVEZ VICE PRESIDENT OF FINANCE & OPERATIONS 40.00 0.00 X 93508 0 16736 310513 0 55760 1 0 1 0 ERNEST THOMPSON 4531 OSUNA BLVD NE ALBUQUERQUE NM 87109 VLADEM SHOP CABINETRY 218440 DNCA LLC 924 SHOOFLY ST SUITE A SANTA FE NM 87505 VLADEM SHOP ARCHITECT/ENGINEER SERVICES 154815 PUBLICATION PRINTERS 2001 S PLATTE RIVER DRIVE DENVER CO 80223 PRINTING 123623 3 1408404 483996 570000 4099328 50025 6561728 MEMBERSHIP DUES 900099 282695 282695 282695 1239738 1239738 142266 142266 1245945 1053436 192509 192509 192509 603641 483996 514275 89366 89366 3747296 3289829 457467 457467 INSURANCE REIMBURSEMENT 900099 6500 6500 6500 8972269 740162 0 1670379 4589734 4589734 410530 336760 56807 16963 1124452 922393 155595 46464 63706 52259 8815 2632 184846 151630 25578 7638 106852 87651 14786 4415 4079 4079 27820 27820 28131 28131 36292 36292 711348 686483 22379 2486 49255 46853 1601 801 68125 57628 8851 1646 102303 89515 11509 1279 61823 59885 1292 646 104339 85590 14438 4311 63619 54712 6362 2545 PROMOTION 205854 188478 14894 2482 COGS-MARKETING AND DIST 153017 153017 PRINTING 139576 121103 17281 1192 354998 324736 19079 11183 8590699 8036558 447458 106683 667461 70405 7211750 4072357 1437440 481903 2500 2500 1482855 1779086 5676 4188 4528649 2288574 1950523 2240075 34573328 41589100 244659 287037 47576192 50526651 316140 322650 879 181876 173988 498895 496638 X 27409226 28299411 19668071 21730602 47077297 50030013 47576192 50526651 X 381570 2501053 70093 X 0 1 X 1 0 X 6848550 7439593 7494395 7585700 6561728 35929966 2442059 1384884 3589865 3609614 4029991 15056413 183313 197334 223818 382225 603641 1590331 9473922 9021811 11308078 11577539 11195360 52576710 1502351 943557 1408967 677219 534812 5066906 0 1502351 943557 1408967 677219 534812 5066906 47509804 732834 613507 667274 864876 1382004 4260495 732834 613507 667274 864876 1382004 4260495 188235 592761 768022 6500 1555518 10394991 10228079 12743374 12442415 12583864 58392723 0.81360 0.73830 0.07300 0.06000 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 188,235. 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 0 1 28131 0 0 28131 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 EMAIL CORRESPONDENCE. 10240 254899 X X 0 24814849 466231 2862629 392382 -24521 27775848 22846105 1990638 238863 225402 35355 24814849 24319403 2368206 -3497321 305745 38438 22846105 18364287 4807916 1654789 272497 235092 24319403 18288376 894948 -41781 439610 337646 18364287 0.23940 0.39820 0.36240 0 0 2230913 418052 1812861 1697444 1293046 404398 578053 575252 2801 22239 2224 20015 2240075 CHARITABLE ANNUITIES 173988 173988 X 12222520 2501053 354139 584368 3439560 8782960 36292 153017 189309 8972269 9269804 354139 514275 868414 8401390 36292 153017 189309 8590699 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, 2024 AND 2023, 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 514,275. CHANGE IN VALUE OF ANNUITIES 70,093. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS-MARKETING AND DISTRIBUTION 153,017. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 514,275. PART XII, LINE 4B - OTHER ADJUSTMENTS: COGS-MARKETING AND DISTRIBUTION 153,017. VLADEM GALA 266271 183901 82370 5505 86084 52154 FOLK ART FLEA 219496 51495 168001 2475 337 27570 8 601870 248600 353270 19832 97285 30518 192515 1087637 483996 603641 22307 103127 116602 272239 514275 89366 0 MUSEUM OF NEW MEXICO 228 E PALACE AVE SANTA FE NM 87501 850202503 115 4589734 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 206070 0 10935 0 0 0 13679 0 25345 0 256029 0 0 0 PART I, LINE 7 BONUS FOR THE PRESIDENT/CEO WAS BASED ON JOB PERFORMANCE. X 1 10240 X 7 39785 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, A COPY OF THE FORM 990 IS SENT TO THE FULL BOARD. 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 70,093.