Acequia Madre House
- Assets
- $480.1k
- Revenue
- $304.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 04/2008
- Data as of
- 12/2023
- EIN
- 20-8068361
Organization Overview
Acequia Madre House is located in Santa Fe, NM. The organization was established in 2008. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Acequia Madre House 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 12/2023, Acequia Madre House generated $304.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $416.6k during the year ending 12/2023. While expenses have increased by 9.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACEQUIA MADRE HOUSE IS A 501(C)(3) NON-PROFIT CHARITABLE ORGANIZATION THAT PRESERVES THE PROPERTIES THAT MAKE UP ACEQUIA MADRE HOUSE, LOCATED AT 614 ACEQUIA MADRE STREET, SANTA FE, NM. ACEQUIA MADRE HOUSE (AMH) IS A UNIQUE HISTORIC RESIDENCE HOUSING THE PALOHEIMO-CURTIN COLLECTION OF PAINTINGS, ARTS AND CRAFTS, PHOTOGRAPHS, BOOKS, LETTERS, DIARIES AND OTHER WRITTEN ARCHIVAL MATERIAL FOCUSING ON THE CULTURE OF NEW MEXICO AND THE SOUTHWEST. IT PROMOTES VARIOUS CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING THE ADVANCEMENT OF MUSIC, ART, ARCHEOLOGY, LANGUAGES, HORTICULTURE, LITERATURE, ARCHITECTURE, PHILANTHROPY AND HISTORY. JORDAN YOUNG SERVES AS ITS INTERIM PRESIDENT. THE ACEQUIA MADRE HOUSE IS HOME TO THE PALOHEIMO-CURTIN COLLECTION AND ACEQUIA MADRE HOUSE ARCHIVE, BOTH OF WHICH ARE MADE AVAILABLE FOR RESEARCHERS, MUSEUMS, AND OTHER NON-PROFIT INSTITUTIONS BY APPOINTMENT. IN ADDITION, AMH HOSTS THE WOMEN'S INTERNATIONAL STUDY CENTER (WISC), A 501(C)(3) NON-PROFIT CHARITABLE ORGANIZATIO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Paloheimo Jr Director | 2 | $0 | |
Martti Paloheimo Director | 2 | $0 | |
Jordan Young Executive Di | 20 | $50,000 | |
Morgan Halme President | 2 | $0 | |
George Paloheimo Vice-Preside | 2 | $0 | |
Paul O Halme Secretary/tr | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $304,569 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $304,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $51,369 |
| Pension plans, employee benefits | $9,185 |
| Interest | $0 |
| Taxes | $10 |
| Depreciation | $37,336 |
| Occupancy | $104,017 |
| Travel, conferences, and meetings | $8,405 |
| Printing and publications | $0 |
| Other expenses | $110,135 |
| Total operating and administrative expenses | $416,560 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $416,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,789 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $12,410 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,195 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $449,694 |
| Other assets | $0 |
| Total assets | $480,088 |
| Accounts payable and accrued expenses | $21,780 |
| Grants payable | $0 |
| Deferred revenue | $600 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,380 |