Nonprofit · EIN 20-4468893
THE HEART GALLERY OF NEW MEXICO FOUNDATION
Tax-exempt · ALBUQUERQUE, NM 87123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $287,305 | $248,910 | $38,395 | $452,010 | $19,269 | $432,741 |
| December 31, 2024 | 990 | $309,910 | $323,809 | -$13,899 | $396,273 | $1,967 | $394,306 |
| December 31, 2023 | 990 (amended) | $244,874 | $278,261 | -$33,387 | $416,192 | $1,585 | $414,607 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $234,719
- Program service revenue
- $0
- Investment income
- $109
- Net income from fundraising events
- $52,477
- Other revenue
- $52,477
Expenses
- Grants and similar amounts paid
- $120,294
- Other salaries and wages
- $60,000
- Salaries, compensation and benefits (total)
- $65,879
- Professional fundraising fees
- $0
- Accounting fees
- $1,861
- Occupancy
- $4,363
- Travel
- $103
- Program services (functional)
- $126,095
- Management and general (functional)
- $67,067
- Fundraising (functional)
- $55,748
Balance sheet and other
- Total assets, start of year
- $396,273
- Total assets, end of year
- $452,010
- Total liabilities, end of year
- $19,269
- Net assets, end of year
- $432,741
- Net assets without donor restrictions
- $277,746
- Net assets with donor restrictions
- $154,995
- Gross receipts
- $338,365
- Employees
- 1
- Volunteers
- 100
- Year formed
- 2006
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDACE GOULD | EXECUTIVE DI Trustee or director | 40 | $60,000 |
| GERALD PETERS | PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| MARJORI KREBS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| CATHY MCCORKLE | TREASURER Trustee or director, Officer | 2 | $0 |
| ANGELA R ROMERO | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFFREY BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELLE BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| SUSAN F DARNELL | DIRECTOR Trustee or director | 0.5 | $0 |
| SHERMAN MCCORKLE | DIRECTOR Trustee or director | 0.5 | $0 |
| GEORGE MUNOZ | DIRECTOR Trustee or director | 0.25 | $0 |
| KURSTIN JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY LAWRENCE | DIRECTOR Trustee or director | 0.5 | $0 |
| LAURA SANCHEZ | DIRECTOR Trustee or director | 0.5 | $0 |
| SHANNON JACKSON | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDACE GOULD | EXECUTIVE DI Trustee or director | 40 | $60,000 |
| GERALD PETERS | PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| MARJORI KREBS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| CATHY MCCORKLE | TREASURER Trustee or director, Officer | 2 | $0 |
| ANGELA R ROMERO | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFFREY BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELLE BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| SUSAN F DARNELL | DIRECTOR Trustee or director | 0.5 | $0 |
| SHERMAN MCCORKLE | DIRECTOR Trustee or director | 0.5 | $0 |
| GEORGE MUNOZ | DIRECTOR Trustee or director | 0.25 | $0 |
| COLT BALOK | DIRECTOR Trustee or director | 0.5 | $0 |
| KURSTIN JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
| STACIE JOHNSON DAVIS | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY LAWRENCE | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CANDACE GOULD | EXECUTIVE DI Trustee or director | 40 | $60,000 |
| GERALD PETERS | PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| MARJORI KREBS | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| CATHY MCCORKLE | TREASURER Trustee or director, Officer | 2 | $0 |
| ANGELA R ROMERO | SECRETARY Trustee or director, Officer | 1 | $0 |
| JEFFREY BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| MICHELLE BRANCH | DIRECTOR Trustee or director | 0.5 | $0 |
| SUSAN F DARNELL | DIRECTOR Trustee or director | 0.5 | $0 |
| SHERMAN MCCORKLE | DIRECTOR Trustee or director | 0.5 | $0 |
| GEORGE MUNOZ | DIRECTOR Trustee or director | 0.25 | $0 |
| COLT BALOK | DIRECTOR Trustee or director | 0.5 | $0 |
| KURSTIN JOHNSON | DIRECTOR Trustee or director | 0.5 | $0 |
| STACIE JOHNSON DAVIS | DIRECTOR Trustee or director | 0.5 | $0 |
| KELLY LAWRENCE | DIRECTOR Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 13170-B CENTRAL AVEN SE 190, ALBUQUERQUE, NM 87123-5588
- Principal officer (990 for 2025)
- CATHY MCCORKLE, 13170 B CENTRAL AVE SE 190, ALBUQUERQUE, NM 87123
- Signed the 990
- CATHY MCCORKLE, TREASURER
- Phone
- (505) 934-0611
- Return prepared by
- FPM & ASSOCIATES LLC
Mission
THE FOUNDATION WAS CREATED TO RAISE & MANAGE FUNDS TO SUPPORT THE EFFORTS OF THE HEART GALLERY OF NEW MEXICO AND OTHER RELATED PROGRAMS & EVENTS. AN ADDITIONAL PURPOSE IS TO EDUCATE THE PUBLIC AND RAISE AWARENESS OF THE NEED FOR ADOPTIVE & FOSTER CARE FAMILIES FOR NEW FOSTER CHILD SUPPORT.
Program accomplishments
- FOSTER CHILD SUPPORT: THIS PROGRAM PROMOTES A SAFE AND PRODUCTIVE TRANSITION TO INDEPENDENT LIVING FOR YOUTHE WHO "AGE OUT" OF THE FOSTER CARE SYSTEM AT 18-21. THE ORGANIZATION HELPS THEM ACCESS EDUCATION, EMPLOYMENT AND LIFE SKILLS, AND MENTORING TO ENSURE A SUSTAINABLE FUTURE. ALSO, THE ORGANIZATION HELPS TEENS, PRE-TEENS, SIBLING GROUPS AND MILDLY DISABLE FOSTER CHILDREN RECEIVE OPPORTUNITIES AND SERVICES FOR PERSONAL GROWTH, AS WELL AS IMPOVED MENTAL & PHYSICAL HEALTH, BY PROVIDING ASSISTANCE IN THE FORM OF HOUSING SUPPORT, EDUCATIONAL SUPPORT, DRIVER'S EDUCATION, COOKING CLASSES, ETC.Expenses $122,514 · grants $119,285
- HEART GLAALERY EXHIBITIONS: THESE EXHIBITIONS ARE TO ASSURE AN INCREASE IN "HARD TO PLACE" ADOPTIONS BY ASSISTING THE NEW MEXICO CHOLDREN, YOUTH AND FAMILIES DEPARTMENT. THE EXHIBITIONS DISPLAY PORTRAITS OF FOSTER-CHILDREN TAKEN BY NEW MEXICAN PHOTOGRAPHERS AS A CREATIVE WAY TO ENCOURAGE ADOPTION. HEART GALLERIES ARE PLACED IN PUBLIC PLACES THROUGHOUT NEW MEXICO.
- GENERAL PROGAMS & PUBLIC AWARENESS: THE PROGRAM STIVES TO 1) ADVANCE PUBLIC AWARENESS AND ENCOURAGE ADOPTION AND FOSTER PARENTING; 2) COVEY THE REALITY OF LIFE AS A FOSTER CHILD; AND 3) DISSOLVE THE MYTHS AND FEARS OF ADOPTION BY USING POSITIVE ROLE MODELS OF SUCCESS AND RELAYING LIFE CHANGING POSITIVE OPPORTUNITIES.
- HEART GALLERY EVENTS: SUPPORTING NEW MEXICO CYFD WITH THEIR ADOPTION AND FOSTER PARENTS EVENTS WITH THE GOAS OF 1) MATCHING FOSTER CHILDREN RELEASED FOR ADOPTION AND CYFD APPROVED ADOPTIVE PARENTS WITH THE HOPE OF FINDING THAT SPECIAL ATTACHMENT; 2) OFFERING A UNIQUE SOCIAL OPPORTUNITY FOR FOSTER CHILDREN 3) THANKING CURRENT FOSTER PARENTS AND 4) PROVIDING SIBLINGS WHO ARE LIVING APART AN APPORTUNITY TO SPEND A DAY TOGETHER.Expenses $3,581 · grants $1,009
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4468893
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P11)
- Assets (IRS master file)
- $452,010
- Income (IRS master file)
- $338,365
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $287,305 | $248,910 | $452,010 | IRS |
| 990 | December 2024 | $309,910 | $323,809 | $396,273 | IRS |
| 990 | December 2023 | $244,874 | $278,261 | $416,192 | XML |
| 990 | December 2022 | $279,336 | $186,555 | $450,711 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4468893).
Questions about THE HEART GALLERY OF NEW MEXICO FOUNDATION
- What is the EIN of THE HEART GALLERY OF NEW MEXICO FOUNDATION?
- The employer identification number (EIN) of THE HEART GALLERY OF NEW MEXICO FOUNDATION is 20-4468893.
- Is THE HEART GALLERY OF NEW MEXICO FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to THE HEART GALLERY OF NEW MEXICO FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE HEART GALLERY OF NEW MEXICO FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE HEART GALLERY OF NEW MEXICO FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE HEART GALLERY OF NEW MEXICO FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of THE HEART GALLERY OF NEW MEXICO FOUNDATION?
- The 990 for the year ended December 31, 2025 names CATHY MCCORKLE.
- Who are the officers and directors of THE HEART GALLERY OF NEW MEXICO FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 14 people; 1 received compensation from the organization, the highest $60,000 (CANDACE GOULD, EXECUTIVE DI).
- How much revenue does THE HEART GALLERY OF NEW MEXICO FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $287,305, expenses of $248,910 and total assets of $452,010 at year end.
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