New Mexico Library Association
- Assets
- $167.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 06/1969
- Data as of
- 06/2023
- EIN
- 23-7024820
Organization Overview
New Mexico Library Association is located in Albuquerque, NM. The organization was established in 1969. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Library Association 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 06/2023, New Mexico Library Association generated $67.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $53.7k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Alderete President | 1.5 | $0 | |
Ruben Aragon Vice President | 1.5 | $0 | |
Kelli Murphy Treasurer | 5 | $0 | |
Sarah Obenauf Secretary | 1.5 | $0 | |
Anne Lefkosfsky Member At Large | 0.5 | $0 | |
Ellen Bosman Member At Large | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,167 |
| Total Program Service Revenue | $54,725 |
| Membership dues | $11,310 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $162 |
| Total Revenue | $67,374 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,654 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $44,326 |
| Total expenses | $53,730 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167,911 |
| Other assets | $0 |
| Total assets | $167,911 |
| Total liabilities | $0 |
| Net assets or fund balances | $167,911 |