New Mexico School For The Arts Art Institute

Organization Overview

New Mexico School For The Arts Art Institute is located in Santa Fe, NM. The organization was established in 2010. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, New Mexico School For The Arts Art Institute employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico School For The Arts Art Institute 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 06/2021, New Mexico School For The Arts Art Institute generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

NEW MEXICO SCHOOL FOR THE ARTS-ART INSTITUTE, ASSISTS PASSIONATE YOUNG ARTISTS IN DEVELOPING THEIR FULL POTENTIAL THROUGH A RIGOROUS MASTER OF ARTS AND ACADEMIC EDUCATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

ARTS EDUCATIONAL INSTITUTION PROGRAM WAS ESTABLISHED TO PROVIDE INTENSIVE PRE-PROFESSIONAL ART EDUCATION OF STUDENTS DEMONSTRATING PROMISE, APTITUDE AND PASSION FOR THE ARTS. PROVIDING PROFESSIONAL AND PRE-PROFESSIONAL INSTRUCTIONS THROUGH PROGRAMS OFFERED THROUGHOUT NEW MEXICO. A SUMMER INTENSIVE PROGRAM IS ALSO OFFERED. TOTAL STUDENTS SERVED IS APPROXIMATELY 279.


ART EDUCATION STUDENTS MAY OBTAIN HOUSING THROUGH THE SCHOOL IN ORDER TO PARTICIPATE IN THE PROGRAM DURING THE SCHOOL YEAR. APPROXIMATELY 20 STUDENTS PARTICIPATED IN THE RESIDENTIAL PROGRAM IN ORDER TO ATTEND THE YEAR ROUND SCHOOL.


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Board, Officers & Key Employees

Name (title)Compensation
Cindy Montoya
Executive Director
$135,000
Pamela Saunders-Albin
Vice Chair
$0
William Miller
Treasurer
$0
Cynthia Nava
Secretary
$0
Carl Thoma
Board Chair
$0
Ned Bennett
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Studio Sw Architects Inc
Architectural
$919,347
Klinger Construction
Engineering
$413,946
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$3,126,304
Noncash contributions included in lines 1a–1f $400
Total Revenue from Contributions, Gifts, Grants & Similar$3,126,304
Total Program Service Revenue$138,743
Investment income $488
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $277,055
Net Gain/Loss on Asset Sales $400
Net Income from Fundraising Events $255,412
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,798,402

Grants Recieved

Over the last fiscal year, we have identified 23 grants that New Mexico School For The Arts Art Institute has recieved totaling $852,468.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: EDUCATION

$302,100
Carl And Marilynn Thoma Art Foundation

Santa Fe, NM

PURPOSE: GENERAL SUPPORT

$110,000
Frost Foundation

Santa Fe, NM

PURPOSE: RESIDENTIAL PROGRAM

$100,000
Toan-Obrien Foundation

Santa Fe, NM

PURPOSE: PUBLIC CHARITABLE PURPOSES

$80,000
Melville Hankins Family Foundation

Santa Fe, NM

PURPOSE: EDUCATION

$50,000
Santa Fe Community Foundation

Santa Fe, NM

PURPOSE: GENERAL OPERATING SUPPORT

$38,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$535,704
Earnings$159,897
Net Contributions$591,251
Ending Balance$1,286,852

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