Warehouse 505
- Assets
- $191.9k
- Revenue
- $304.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Albuquerque, NM
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 43-2089526
Organization Overview
Warehouse 505 is located in Albuquerque, NM. The organization was established in 2005. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Warehouse 505 employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Warehouse 505 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 12/2022, Warehouse 505 generated $304.2k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $404.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEW MEXICO XTREME SPORTS ASSOCIATION, INC.'S (NMX) IS A YOUTH-FOCUSED, YOUTH-DRIVEN AVENUE TO INTRODUCE, DEVELOP AND PROFESSIONALLY IMPLEMENT SKILLS IN THE ARTS, MUSIC, OUTDOOR RECREATION, AND NONTRADITIONAL SPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAREHOUSE 508 PROVIDES A WIDE RANGE OF PROGRAMMING AND EVENTS GEARED TOWARDS YOUTH IN NEW MEXICO. WORKING OUT OF A 26,000 SQUARE FOOT WAREHOUSE IN DOWNTOWN ALBUQUERQUE, 508'S YOUTH CREATIVE COUNCIL AND STAFF IMPLEMENT PROGRAMS FROM CONCEPT TO COMPLETION, INCLUDING ROCK CONCERTS, POETRY SLAMS AND WRITING WORKSHOPS, FILM EDITING CLASSES, AND MENTORSHIPS IN GRAPHIC DESIGN. THE YOUTH CREATIVE COUNCIL CONSISTS OF YOUTH AND YOUNG ADULTS AGES 15 TO 21 MAKING 508 A VENUE FOR YOUTH, BY YOUTH.
NMX PROVIDES SAFE, STRUCTURED AND AFFORDABLE WAYS FOR YOUTH TO PARTICIPATE IN NONTRADITIONAL SPORTS LIKE SNOWBOARDING AND ROCK CLIMBING. NMX'S IGO PROGRAM ENCOURAGES YOUTH TO ENGAGE IN COMMUNITY SERVICE WHILE EARNING CREDITS APPLICABLE TO NMX AND 508 TRIPS, WORKSHOPS, CLASSES AND PROGRAMS. NMX TAKES OUTDOOR RECREATION EXCURSIONS, HOSTS YOUTH-FOCUSED COMPETITION AND/OR ARRANGES LEARN-TO PROGRAMS NEARLY EVERY WEEKEND, YEAR-ROUND.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Weed Director | Trustee | 2 | $0 |
Jessica Hernandez Director | Trustee | 2 | $0 |
Danielle Weed President | OfficerTrustee | 2 | $0 |
Susie Yarbrough Secretary | OfficerTrustee | 2 | $0 |
Duane Kinsley Treasurer | OfficerTrustee | 2 | $0 |
Thierry Gonzalez Executive Di | Officer | 40 | $58,436 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $217,984 |
| All other contributions, gifts, grants, and similar amounts not included above | $69,019 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,003 |
| Total Program Service Revenue | $9,238 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,926 |
| 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 | $304,167 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,944 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $66,602 |
| Compensation of current officers, directors, key employees. | $9,990 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $130,909 |
| Pension plan accruals and contributions | $402 |
| Other employee benefits | $6,794 |
| Payroll taxes | $24,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,191 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,477 |
| Advertising and promotion | $0 |
| Office expenses | $14,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,427 |
| Travel | $80 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,307 |
| All other expenses | $0 |
| Total functional expenses | $404,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,954 |
| Accounts receivable, net | $1,790 |
| 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 | $83,800 |
| Net Land, buildings, and equipment | $30,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,894 |
| Accounts payable and accrued expenses | $144,869 |
| 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 | $167,000 |
| Secured mortgages and notes payable | $24,839 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $336,708 |
| Net assets without donor restrictions | -$149,814 |
| Net assets with donor restrictions | $5,000 |
| 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 | $191,894 |