Nonprofit · EIN 85-0355163
TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · TAOS, NM 87571
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $615,336 | $583,605 | $31,731 | $715,427 | $56,822 | $658,605 |
| December 31, 2023 | 990 | $413,358 | $430,364 | -$17,006 | $674,306 | $47,432 | $626,874 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $612,460
- of which government grants
- $541,730
- Program service revenue
- $2,873
- Investment income
- $3
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $197,786
- Salaries, compensation and benefits (total)
- $225,172
- Professional fundraising fees
- $0
- Legal fees
- $3,300
- Accounting fees
- $1,087
- Occupancy
- $34,520
- Travel
- $8,232
- Depreciation
- $48,679
- Program services (functional)
- $418,821
- Management and general (functional)
- $164,784
Balance sheet and other
- Total assets, start of year
- $674,306
- Total assets, end of year
- $715,427
- Total liabilities, end of year
- $56,822
- Net assets, end of year
- $658,605
- Land, buildings and equipment
- $592,531
- Gross receipts
- $615,336
- Employees
- 13
- Year formed
- 1987
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darlene Vigil | Treasurer Trustee or director, Officer | 2 | $0 |
| Trinidad Arguello PhD | Vice President Trustee or director, Officer | 2 | $0 |
| Pascualito Maestas | President Trustee or director, Officer | 2 | $0 |
| Tiana Suazo | Director Trustee or director | 2 | $0 |
| Juan Amado Valdez | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darlene Vigil | Treasurer Trustee or director, Officer | 2 | $0 |
| Trinidad Arguello PhD | Vice President Trustee or director, Officer | 2 | $0 |
| Pascualito Maestas | President Trustee or director, Officer | 2 | $0 |
| Tiana Suazo | Director Trustee or director | 2 | $0 |
| Juan Amado Valdez | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1021 SALAZAR RD, TAOS, NM 87571-8212
- Signed the 990
- Pascualito Maestas, Chairman
- Phone
- (575) 758-8731
- Website
- www.tcedc.org
- Return prepared by
- Swinehart CPA PC
Mission
The organization was formed in 1987. Its mission is "supporting land, food, water, and the cultures" of the people of northern New Mexico through the design and implementation of community and economic development programs and projects.
Program accomplishments
- TCEDC Operations/Programs:The companys most recent statistics show that it has assisted around 1000 clients and createdor retained 35 jobs. The programs provide technical and marketing assistance, specialtytraining, and guidance in the preparation of business plans. Training to other organizations andnonprofits working on grassroots community development and food system developmentlocally, regionally, and nationally. Garden and Greenhouse-TCEDC offers training to youth inthe area of sustainable agricultural and environmental food production. Outreach, information,and referral staff assist clients via phone conversations. At least 40 calls daily, 650 calls permonth. Additionally, on site one-on-one assistance was provided to about 20 clients permonth. Business Park/Taos Food Center:This cooperative facility houses 10 business and/or organizations including 1 Native American service company and Taos County Economic Development Corporation offices and a community classroom. These businesses provide employment, education and skill training for many local area residents. Training is provided at no cost for food processing businesses to develop marketing programs for specialty food. Job site training was provided as well as basic business skills to small business entrepreneurs. Education and training was provided pursuant to the Food and Modernization Act to assist 45 food businesses with compliance and implementation. The food center is a 5,000 square foot commercial kitchen which provides food processing facilities and support to local food processors. Each processor employs 1-2 people totaling over 10 during 2024. Larger processors and food caterers have graduated from the food center to their own location and continue to provide employment. The Business Park is also a venue for multiple forums and workshops hosting many community members. The organization offers specialized education and training to food entrepreneurs through its Food Sector Opportunity Program (FSOP). Additional courses such as Nx level Tilling the soil of opportunity; and other community driven workshops are offered on an ongoing basis; there were over 100 participants who attended these workshops in 2024. The food center offers nutrition and food preparation courses to the community providing training to over 50 participants in 2024. Taos Food Center is working on the development of an Incubator Kitchen program as a membership. This program will go into effect in late 2025.Mobile Livestock Slaughter Unit (MLSU):Matanza unit and training program is a tool to assist limited resource ranchers with creating new employment and business opportunities as well as access to new markets. In 2015, the program was interrupted due to lack of funding. In 2024 funding became available, which will make it possible to refurbish the original cut n wrap facility. The cooperative was also able to hire Lucas Salazar as the project engineer.Expenses $418,821
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 | Not 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
- 85-0355163
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $715,427
- Income (IRS master file)
- $615,336
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $615,336 | $583,605 | $715,427 | XML |
| 990 | December 2023 | $413,358 | $430,364 | $674,306 | XML |
| 990 | December 2022 | $309,481 | $347,257 | $699,873 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-0355163).
Questions about TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION is 85-0355163.
- Is TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION 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 TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does TAOS COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $615,336, expenses of $583,605 and total assets of $715,427 at year end.
Other nonprofits in TAOS
- DOWNTOWN TAOS EIN 83-4244084 · last filed 990 for 2025
- ENCHANTED CIRCLE ASSOCIATION OF REALTORS INC EIN 85-0324893 · last filed 990 for 2024
- TAOS PUEBLO FOUNDATION EIN 47-3979087 · last filed 990-N for 2025
- NEW MEXICO COALITON OF MAINSTREET COMMUNITIES EIN 20-8089628 · last filed 990-N for 2023
- GIFT EIN 85-3904941 · last filed 990-N for 2025
- TAOS ENTREPRENEURIAL NETWORK EIN 74-3243281 · last filed 990-N for 2024
- NEW MEXICO COMMUNITY EDUCATION ASSOCIATION EIN 85-0442256 · last filed 990-N for 2011
- TAOS HEALTH SYSTEMS INC HOLY CROSS HOSPITAL EIN 85-0289839 · last filed 990 for 2025
All nonprofits in TAOS · New Mexico · Community improvement and capacity building