The Heart Gallery Of New Mexico Foundation
- Assets
- $358.0k
- Revenue
- $221.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Albuquerque, NM
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 20-4468893
Organization Overview
The Heart Gallery Of New Mexico Foundation is located in Albuquerque, NM. The organization was established in 2006. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Gallery Of New Mexico Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Heart Gallery Of New Mexico Foundation generated $221.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $143.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE & MANAGE FUNDS TO SUPPORT THE HEART GALLERY OF NEW MEXICO & RELATED PROGRAMS/EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER CHILD SUPPORT: THIS PROGRAM PROMOTES A SAFE AND PRODUCTIVE TRANSITION TO INDEPENDENT LIVING FOR YOUTH 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 DISABLED FOSTER CHILDREN RECEIVE OPPORTUNITIES AND SERVICES FOR PERSONAL GROWTH, AS WELL AS IMPROVED MENTAL & PHYSICAL HEALTH, BY PROVIDING ASSISTANCE IN THE FORM OF HOUSING SUPPORT, EDUCATIONAL SUPPORT, DRIVER'S EDUCATION, COOKING CLASSES, ETC.
HEART GALLERY EXHIBITIONS: THESE EXHIBITIONS ARE TO ASSURE AN INCREASE IN "HARD TO PLACE" ADOPTIONS BY ASSISTING THE NEW MEXICO CHILDREN, YOUTH AND FAMILIES DEPARTMENT. THESE 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 PROGRAMS & PUBLIC AWARENESS: THIS PROGRAM STRIVES TO 1) ADVANCE PUBLIC AWARENESS AND ENCOURAGE ADOPTION AND FOSTER PARENTING; 2) CONVEY 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 GOALS 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 OPPORTUNITY TO SPEND A DAY TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candace Gould Executive Di | Trustee | 40 | $36,000 |
Gerald Peters President | OfficerTrustee | 0.5 | $0 |
Cathy Mccorkle Treasurer | OfficerTrustee | 2 | $0 |
Angela R Romero Secretary | OfficerTrustee | 1 | $0 |
Marjori Krebs Vice Preside | OfficerTrustee | 1 | $0 |
Jeffrey Branch Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $64,000 |
| Related organizations | $0 |
| Government grants | $27,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $189,989 |
| Total Program Service Revenue | $0 |
| Investment income | $200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,657 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $221,846 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,691 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,083 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,712 |
| Advertising and promotion | $9,024 |
| Office expenses | $3,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $902 |
| All other expenses | $0 |
| Total functional expenses | $143,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,824 |
| Savings and temporary cash investments | $330,153 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $357,977 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,087 |
| Total liabilities | $3,087 |
| Net assets without donor restrictions | $352,146 |
| Net assets with donor restrictions | $2,744 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $357,977 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Heart Gallery Of New Mexico Foundation has recieved totaling $33,099.
| Awarding Organization | Amount |
|---|---|
Daniels Fund Denver, CO PURPOSE: TRANSITIONAL HOUSING AND SUPPORTIVE SERVICES | $25,000 |
Sacramento Samaritans Alamogordo, NM PURPOSE: CHARITY | $7,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $99 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cal Farleys Boys Ranch Foundation Amarillo, TX | $353,153,021 | $39,306,291 |
Collaborative For Children Houston, TX | $4,167,922 | $11,693,599 |
All Church Home For Children Foundation Fort Worth, TX | $118,594,523 | $22,732,267 |
Tafb-Spe Fort Worth, TX | $0 | $5,833,618 |
Tca Building Corporation Colorado Springs, CO | $64,831,208 | $10,203,018 |
Vogel Alcove Foundation Dallas, TX | $9,750,869 | $194,747 |
Salesmanship Club Charitable Golf Of Dallas Inc Dallas, TX | $8,698,636 | $3,698,308 |
Foundation For Depelchin Childrens Center Houston, TX | $123,667,636 | $6,194,433 |
Happy Hill Farm Childrens Home Endowment Foundation Granbury, TX | $19,140,603 | -$2,043,061 |
Lee Moor Childrens Home Trust Estate El Paso, TX | $68,806,563 | $8,958,726 |
Dream City Foundation Phoenix, AZ | $432,364 | $2,564,648 |
Halftime Institute Irving, TX | $1,087,159 | $1,969,897 |