Nonprofit · EIN 85-0479005
COUSE FOUNDATION
Tax-exempt · TAOS, NM 87571
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2025 | 990 | $2,638,749 | $1,439,944 | $1,198,805 | $10,364,942 | $123,253 | $10,241,689 |
| February 29, 2024 | 990 | $1,750,586 | $960,244 | $790,342 | $9,480,551 | $435,944 | $9,044,607 |
| February 28, 2023 | 990 | $1,416,534 | $949,528 | $467,006 | $8,743,712 | $489,447 | $8,254,265 |
Financial details: 990 for the year ended February 28, 2025
Revenue
- Contributions, gifts and grants
- $2,607,133
- Program service revenue
- $11,000
- Investment income
- $25,520
- Net rental income
- $2,715
- Net income from sales of inventory
- -$7,619
- Other revenue
- -$4,904
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $439,627
- Salaries, compensation and benefits (total)
- $508,119
- Professional fundraising fees
- $0
- Accounting fees
- $30,242
- Occupancy
- $32,177
- Travel
- $22,620
- Depreciation
- $193,182
- Program services (functional)
- $807,859
- Management and general (functional)
- $277,872
- Fundraising (functional)
- $354,213
Balance sheet and other
- Total assets, start of year
- $9,478,828
- Total assets, end of year
- $10,364,942
- Total liabilities, end of year
- $123,253
- Net assets, end of year
- $10,241,689
- Land, buildings and equipment
- $8,908,956
- Publicly traded securities
- $1,306
- Net assets without donor restrictions
- $6,819,012
- Net assets with donor restrictions
- $3,422,677
- Gross receipts
- $2,723,837
- Employees
- 8
- Volunteers
- 40
- Year formed
- 2001
- 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 February 28, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CRITTENDEN PALACIOS | CHAIR Trustee or director, Officer | 0 | $0 |
| HOLLY AZZARI | VICE-PRESIDENT Trustee or director, Officer | 0 | $0 |
| BETTY BROWNLEE | SECRETARY Trustee or director, Officer | 0 | $0 |
| TIM HLAVIN | TREASURER Trustee or director, Officer | 0 | $0 |
| ROBERT BERQUIST | BOARD MEMBER Trustee or director | 0 | $0 |
| RICHARD COFFMAN | BOARD MEMBER Trustee or director | 0 | $0 |
| DUSTIN LEAVITT | BOARD MEMBER Trustee or director | 0 | $0 |
| TIM NEWTON | BOARD MEMBER Trustee or director | 0 | $0 |
| KEITH OHNMEIS | BOARD MEMBER Trustee or director | 0 | $0 |
| ILONA SPRUCE | BOARD MEMBER Trustee or director | 0 | $0 |
| TERRY WINCHELL | BOARD MEMBER Trustee or director | 0 | $0 |
990 for the year ended February 29, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CRITTENDEN PALACIOS | CHAIR Trustee or director, Officer | – | $0 |
| VIRGINIA COUSE LEAVITT | FOUNDER/SECR Trustee or director, Officer | – | $0 |
| HOLLY AZZARI | VICE PRESIDE Trustee or director, Officer | – | $0 |
| THOMAS DOERK | TREASURER Trustee or director, Officer | – | $0 |
| KRISTIN BENDER | BOARD MEMBER Trustee or director | – | $0 |
| ROBERT BERQUIST | BOARD MEMBER Trustee or director | – | $0 |
| DUSTIN LEAVITT | BOARD MEMBER Trustee or director | – | $0 |
| TIM NEWTON | BOARD MEMBER Trustee or director | – | $0 |
| KEITH OHNMEIS | BOARD MEMBER Trustee or director | – | $0 |
| ILONA SPRUCE | BOARD MEMBER Trustee or director | – | $0 |
| TERRY WINCHELL | BOARD MEMBER Trustee or director | – | $0 |
990 for the year ended February 28, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZABETH CRITTENDEN PALACIOS | CHAIR OF THE Trustee or director, Officer | 15 | $0 |
| RICHARD RINEHART | PRESIDENT Trustee or director, Officer | 15 | $0 |
| HOLLY AZZARI | VICE PRESIDE Trustee or director, Officer | 5 | $0 |
| VIRGINIA COUSE LEAVITT | SECRETARY Trustee or director, Officer | 25 | $0 |
| JEANNE TIMBER | TREASURER Trustee or director, Officer | 1 | $0 |
| ANTHONY SKVARLA | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM NEWTON | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT BERQUIST | BOARD MEMBER Trustee or director | 1 | $0 |
| DUSTIN LEAVITT | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTEN BENDER | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS DOERK | BOARD MEMBER Trustee or director | 1 | $0 |
| ILONA SPRUCE | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1436, TAOS, NM 87571-1436
- In care of
- % ELIZABETH CRITTENDEN PALACIOS
- Principal officer (990 for 2024)
- ELIZABETH CRITTENDEN PALACIOS, 1236 HALF MOON RD, EL PRADO, NM 87529
- Signed the 990
- ELIZABETH CRITTENDEN PALACIOS, CHAIR
- Website
- WWW.COUSEFOUNDATION.ORG
- Return prepared by
- TKM LLC
Mission
SEE SCHEDULE O
Program accomplishments
- 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.Expenses $807,859
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | Not on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0479005
- 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
- 2001
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A50)
- Assets (IRS master file)
- $10,364,942
- Income (IRS master file)
- $2,723,837
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2025 | $2,638,749 | $1,439,944 | $10,364,942 | XML |
| 990 | February 2024 | $1,750,586 | $960,244 | $9,480,551 | XML |
| 990 | February 2023 | $1,416,534 | $949,528 | $8,743,712 | XML |
| 990 | February 2022 | $1,437,494 | $678,409 | $9,189,283 | IRS |
| 990 | February 2021 | – | – | – | IRS |
| 990 | February 2020 | – | – | – | IRS |
| 990 | February 2019 | – | – | – | 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 85-0479005).
Questions about COUSE FOUNDATION
- What is the EIN of COUSE FOUNDATION?
- The employer identification number (EIN) of COUSE FOUNDATION is 85-0479005.
- Is COUSE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to COUSE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COUSE 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 COUSE FOUNDATION due?
- The return for tax year 2025 (the year ending February 28, 2026) is due July 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COUSE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2025.
- Who is the principal officer of COUSE FOUNDATION?
- The 990 for the year ended February 28, 2025 names ELIZABETH CRITTENDEN PALACIOS.
- Who are the officers and directors of COUSE FOUNDATION?
- The 990 for the year ended February 28, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does COUSE FOUNDATION have?
- On its 990 for the year ended February 28, 2025 it reported revenue of $2,638,749, expenses of $1,439,944 and total assets of $10,364,942 at year end.
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- MILLICENT ROGERS MUSEUM INC EIN 13-6161708 · last filed 990 for 2024
- TAOS SCHOOL OF MUSIC INCORPORATED EIN 85-6012256 · last filed 990 for 2025
- PASEO PROJECT INC EIN 81-1852200 · last filed 990 for 2025
- KIT CARSON HOUSE INC EIN 86-3924006 · last filed 990 for 2025
- TAOS HISTORIC MUSEUMS INC EIN 85-0162279 · last filed 990 for 2024
- TAOS OPERA INSTITUTE EIN 26-4538232 · last filed 990-EZ for 2024
- BALLET TAOS INC EIN 85-3673228 · last filed 990-EZ for 2024
All nonprofits in TAOS · New Mexico · Arts, culture and humanities