Julian Garcia Heritage Foundation is located in Albuquerque, NM. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Julian Garcia Heritage Foundation 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, Julian Garcia Heritage Foundation generated $80.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (53.5%) each year. All expenses for the organization totaled $22.2k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WILL OPEN AND OPERATE A HISTORICAL MUSEUM DISPLAYING ANTIQUE COLLECTIONS, AUTOMOTIVE HISTORICAL ITEMS AND OTHER HISTORICAL ASSETS TO ENRICH THE COMMUNITY AND PROVIDE A HISTORICAL PROSPECTIVE AND LEARNING OPPORTUNITIES FOR MUSEUM VISITORS. AS A RESULT OF COVID-19 THE MUSEUM HAS NOT OPENED YET HOWEVER HISTORICAL ANTIQUES HAVE BEGUN TO BE PURCHASED FOR FUTURE DISPLAY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Julian Carlos Garcia Secretary | 2 | $0 | |
Shelagh Pilar Garcia Patton Treasurer | 2 | $0 | |
Edward T Garcia President/director | 2 | $0 | |
Sheilah P Garcia Director | 2 | $0 | |
Toby E Garcia Director | 2 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $0 |
Dividends & Interest | $0 |
Net Rental Income | $62,277 |
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 | $80,000 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $0 |
Depreciation | $17,723 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $4,479 |
Total operating and administrative expenses | $22,202 |
Contributions, gifts, grants paid | $0 |
Total expenses and disbursements | $22,202 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $154,984 |
Savings and temporary cash investments | $0 |
Net Accounts receivable | $0 |
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 | $0 |
Net Investments - land, buildings, equipment | $775,511 |
Investments—mortgage loans | $0 |
Investments—other | $0 |
Net Land, buildings, and equipment | $0 |
Other assets | $117,850 |
Total assets | $1,048,345 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Mortgages and other notes payable | $0 |
Other liabilities | $42,881 |
Total liabilities | $42,881 |