Albuquerque Museum Foundation Inc
- Assets
- $17.6m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 16
- Location
- Albuquerque, NM
- Founding
- 05/1968
- Data as of
- 06/2022
- EIN
- 85-0201054
Organization Overview
Albuquerque Museum Foundation Inc is located in Albuquerque, NM. The organization was established in 1968. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Albuquerque Museum Foundation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albuquerque Museum Foundation 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 06/2022, Albuquerque Museum Foundation Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. 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
THE ALBUQUERQUE MUSEUM FOUNDATION AN INDEPENDENT, NONPROFIT CORPORATION RAISES FUNDS FOR THE ALBUQUERQUE MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXHIBITION SUPPORT - FUNDING TO THE MUSEUM PROVIDED DISCRETIONARY FY2021-2022 EXHIBIT SUPPORT TO HELP BRING WORLD-CLASS EXHIBITIONS TO NEW MEXICO. THE FOUNDATION-SUPPORTED EXHIBITS INCLUDED: ANOTHER WORLD: THE TRANSCENDENTAL PAINTING GROUP, DESIGNING THE NEW: CHARLES RENNIE MACKINTOSH AND THE GLASGOW STYLE, INDELIBLE BLUE: INDIGO ACROSS THE WORLD, TRAITOR, SURVIVOR, ICON: THE LEGACY OF LA MALINCHE, AND THE PRINTERS PROOF: ARTIST AND PRINTER COLLABORATIONS AS WELL AS EXHIBITIONS FOCUSED ON WORK BY YOUNG AND LOCAL ARTISTS. FY2021-2022 FUNDS WERE SPENT IN THE USUAL AREAS OF DELIVERY COSTS, EXHIBITION BUILD OUTS, PROMOTION AND ADVERTISING, AND COSTS ASSOCIATED WITH PROVIDING VIRTUAL EXPERIENCES FOR MEMBERS AND STUDENTS REQUESTING THEM.
EDUCATION FUNDING - AS THE PRIMARY PROVIDER OF THE MUSEUMS EDUCATIONAL FUNDING, THE FOUNDATION OPERATES THE MAGIC BUS PROGRAM WHICH PROVIDES TRANSPORTATION, CURRICULUM, AND DOCENT SERVICES TO THE MUSEUM AND CASA SAN YSIDRO FOR APPROXIMATELY 8,000 SCHOOL STUDENTS IN PERSON ANNUALLY AND 1,250 STUDENTS IN 50 VIRTUAL CLASSROOM SETTINGS. COMMUNITY PROGRAMMING, INCLUDING THE FREE THIRD THURSDAY PROGRAM, ALSO PROVIDES EDUCATION, ART PROJECTS, AND MUSICAL PROGRAMS FOR FAMILIES, AS IT TRANSITIONED FROM A VIRTUAL TO IN-PERSON PROGRAM. ALL PROGRAMS, INCLUDING DOCENT TRAINING AND ITS ASSOCIATED COSTS CONTINUE TO BE FUNDED BY THE FOUNDATION. THE MUSEUM SCHOOL, A CHILDRENS ART PROGRAM, IS ALSO IN OPERATION WITH COSTS SUPPORTED BY THE FOUNDATION.
MEMBERSHIP PROGRAM - THE MUSEUMS MEMBERSHIP PROGRAM IS MANAGED BY THE FOUNDATION AND PROVIDES FINANCIAL SUPPORT FOR ASSOCIATED EXPENSES SUCH AS MEMBER EXHIBITION OPENINGS, MAILINGS, A QUARTERLY MAGAZINE PUBLISHED BY THE FOUNDATION, CALENDAR OF EVENTS, AND WEBSITE DEDICATED TO KEEPING MEMBERS INFORMED OF UPCOMING VIRTUAL AND LIVE EVENTS. MEMBERSHIP IS CURRENTLY AT APPROXIMATELY 2,300 HOUSEHOLDS. THE FOUNDATION ALSO OPERATES THE MUSEUM STORE AND OVERSEES OPERATION OF THE MUSEUM CAF, BOTH AS AMENITIES FOR MEMBERS AS WELL AS GUESTS. THE STORE SERVES AS A POPULAR VENUE FOR CUSTOMERS VISITING THE MUSEUM WHO ARE LOOKING FOR THE UNIQUE GIFTS FOUND THERE AND THE CAF ALLOWS MEMBERS AND VISITORS TO RELAX AND ENJOY THE MUSEUMS UNIQUE ATMOSPHERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Rodgers Ceo/exec Dir | OfficerTrustee | 40 | $128,125 |
Ann Travelstead CFO | Officer | 40 | $87,159 |
Perry Bendicksen President | OfficerTrustee | 15 | $0 |
Roddy Thomson Treasurer | OfficerTrustee | 4 | $0 |
Patricia Kurz Secretary | OfficerTrustee | 3 | $0 |
Scott Schaffer Vice President | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $416,651 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $765,857 |
| Noncash contributions included in lines 1a–1f | $19,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,182,508 |
| Total Program Service Revenue | $0 |
| Investment income | $337,583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$269,581 |
| Net Gain/Loss on Asset Sales | $2,508,650 |
| Net Income from Fundraising Events | $38,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $261,027 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,058,287 |
| 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. | $260,923 |
| Compensation of current officers, directors, key employees. | $95,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,063 |
| Pension plan accruals and contributions | $39,040 |
| Other employee benefits | $17,457 |
| Payroll taxes | $51,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,209 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $85,500 |
| Fees for services: Other | $16,444 |
| Advertising and promotion | $25,978 |
| Office expenses | $23,438 |
| Information technology | $30,563 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,376 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,865 |
| Insurance | $29,877 |
| All other expenses | $113,658 |
| Total functional expenses | $1,782,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,352 |
| Accounts receivable, net | $4,636 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $184,382 |
| Prepaid expenses and deferred charges | $23,903 |
| Net Land, buildings, and equipment | $18,875 |
| Investments—publicly traded securities | $13,144,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,483,229 |
| Total assets | $17,598,492 |
| Accounts payable and accrued expenses | $62,627 |
| Grants payable | $0 |
| Deferred revenue | $96,273 |
| 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 | $158,900 |
| Net assets without donor restrictions | $7,793,609 |
| Net assets with donor restrictions | $9,645,983 |
| 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 | $17,598,492 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Albuquerque Museum Foundation Inc has recieved totaling $79,344.
| Awarding Organization | Amount |
|---|---|
Albuquerque Community Foundation Albuquerque, NM PURPOSE: DONOR-ADVISED | $36,100 |
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $11,500 |
Cherry Picker Foundation Albuquerque, NM PURPOSE: "THE MAGIC BUS" FIELD TRIPS FOR STUDENTS. | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $8,154 |
Cardinal Foundation Albuquerque, NM PURPOSE: FURTHER CULTURAL/EDUCATION PROGRAMS | $5,000 |
Bnsf Foundation Fort Worth, TX PURPOSE: CULTURAL | $5,000 |
Endowment Analysis
| Beg. Balance | $11,643,929 |
| Earnings | -$2,037,597 |
| Admin Expense | $85,497 |
| Net Contributions | $4,004,243 |
| Grants | $380,526 |
| Ending Balance | $13,144,552 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musical Instrument Museum Phoenix, AZ | $166,967,307 | $47,583,205 |
Witte Museum San Antonio, TX | $80,577,156 | $11,273,075 |
American Airpower Heritage Museum Inc Dallas, TX | $14,350,324 | $12,462,262 |
National Cowboy And Western Heritage Museum Inc Oklahoma City, OK | $111,505,092 | $15,269,819 |
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
Heard Museum Phoenix, AZ | $36,442,009 | $14,120,125 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |