Taos Center For The Arts
- Assets
- $1.2m
- Revenue
- $217.6k
- Investments
- $0.0
- Employees
- 27
- Location
- Taos, NM
- Founding
- 12/1964
- Data as of
- 12/2022
- EIN
- 85-0113452
Organization Overview
Taos Center For The Arts is located in Taos, NM. The organization was established in 1964. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Taos Center For The Arts employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos Center For The Arts 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, Taos Center For The Arts generated $217.6k 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 (8.1%) each year. All expenses for the organization totaled $188.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. 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
THE TCA PROVIDES PERFORMING ARTS FACILITIES AND VISUAL ARTS EXHIBIT SPACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIG SCREEN ARTS - HD LIVE STREAMING OF PERFORMANCES FROM AROUND THE COUNTRY AND MOVIES
VISUAL ARTS COMMUNITY SUPPORT
LIVE PERFORMANCE ARTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Reidy Executive Dir. | Trustee | 40 | $21,791 |
Trisha Fong President | OfficerTrustee | 5 | $0 |
Mary Hunzicker Dunn Vice President | OfficerTrustee | 3 | $0 |
John Hamilton Director | Trustee | 10 | $0 |
Kandace Nachtrab Secretary | OfficerTrustee | 5 | $0 |
Laurie Medley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,858 |
| Fundraising events | $1,775 |
| Related organizations | $0 |
| Government grants | $7,692 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,886 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,211 |
| Total Program Service Revenue | $41,910 |
| Investment income | $6,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $46,299 |
| Net Gain/Loss on Asset Sales | $498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $19,296 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $217,595 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $21,791 |
| Other salaries and wages | $63,665 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,437 |
| Payroll taxes | $6,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,849 |
| Advertising and promotion | $1,498 |
| Office expenses | $0 |
| Information technology | $4,317 |
| Royalties | $0 |
| Occupancy | $15,498 |
| 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 | $9,168 |
| Insurance | $5,355 |
| All other expenses | $7,352 |
| Total functional expenses | $188,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,580 |
| Savings and temporary cash investments | $53,237 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,241 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,751 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $647,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,374 |
| Total assets | $1,229,650 |
| Accounts payable and accrued expenses | $6,979 |
| Grants payable | $0 |
| Deferred revenue | $12,520 |
| 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 | $12,512 |
| Total liabilities | $32,011 |
| Net assets without donor restrictions | $1,174,181 |
| Net assets with donor restrictions | $23,458 |
| 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 | $1,229,650 |