Music Guild Of New Mexico Inc
- Assets
- $178.4k
- Revenue
- $147.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 04/2010
- Data as of
- 05/2024
- EIN
- 27-1202542
Organization Overview
Music Guild Of New Mexico Inc is located in Albuquerque, NM. The organization was established in 2010. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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. Music Guild Of New Mexico Inc 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 05/2024, Music Guild Of New Mexico Inc generated $147.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $153.5k during the year ending 05/2024. While expenses have increased by 4.7% 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.
Since 2016, Music Guild Of New Mexico Inc has awarded 28 individual grants totaling $118,310. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MUSIC GUILD OF NEW MEXICO SUPPORTS, PROMOTES, AND ENCOURAGES NONPROFIT MUSICAL ORGANIZATIONS TAHT WILL EDUCATE, EMBRACE, ENGAGE, AND ENRICH THE QUALITY OF OUR NEW MEXICO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENORITAS OF THE SYMPHONY IS A YEAR LONG EMPOWERMENT PROGRAM FOR HIGH SCHOOL SENIOR GIRLS UTILIZING EDUCATIONAL, SOCIAL AND CIVIC ACTIVITIES TO ENGOURAGE LONT-TERM INVOLVEMENT WITH CLASSICAL MUSIC AND SERVICE TO THE COMMUNITY
THE JACKIE MCGEHEE YOUNG ARTISTS COMPETITION FOR PIANO AND STRINGS ENCOURAGES EXCELLENCE IN YOUTH MUSICIANS BY PROVIDING THE OPPORTUNITY TO COMPETE IN FRONT OF CLASSICAL MUSICIAN JUDGES. THE WINNERS RECEIVE AWARDS AND INVITATIONS TO PERFORM WITH LOCAL CLASSICAL MUSIC GROUPS.
ALL OTHER PROGRAMS SUCH AS MEMBERSHIPS, LUNCHEONS AND GRANT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Jarrell Member-At-La | Trustee | $0 | |
Julie Silverman Member-At-La | Trustee | $0 | |
Karla Bressan Co-Vp Jymac | Officer | $0 | |
Carol Cooper-Skopil Co-President | Officer | $0 | |
Forrest Courtney VP Communica | Officer | $0 | |
Teresa Edens Co-President | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,943 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $118,949 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,892 |
| Total Program Service Revenue | $15,103 |
| Investment income | $570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $147,565 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,030 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,634 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,565 |
| Advertising and promotion | $150 |
| Office expenses | $13,360 |
| Information technology | $3,386 |
| Royalties | $0 |
| Occupancy | $2,870 |
| 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 | $380 |
| Insurance | $745 |
| All other expenses | $0 |
| Total functional expenses | $153,481 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,040 |
| Savings and temporary cash investments | $71,574 |
| 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 | $1,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $178,403 |
| Accounts payable and accrued expenses | $5,400 |
| 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 | $0 |
| Total liabilities | $5,400 |
| Net assets without donor restrictions | $173,003 |
| Net assets with donor restrictions | $0 |
| 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 | $178,403 |
Grants Awarded
Over the last fiscal year, Music Guild Of New Mexico Inc has awarded $42,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ALBUQUERQUE YOUTH SYMPHONY PURPOSE: GENERAL OPERATING | $6,000 |
CHATTER PURPOSE: GENERAL OPERATING | $6,000 |
NEW MEXICO PHILHARMONIC PURPOSE: GENERAL OPERATING | $6,000 |
NEW MEXICO GAY MENS CHORUS PURPOSE: GENERAL OPERATING | $6,000 |
NEW MEXICO JAZZ WORKSHOP PURPOSE: GENERAL OPERATING | $6,000 |
OPERA SOUTHWEST PURPOSE: GENERAL OPERATING | $6,000 |