New Mexico Art League Inc
- Assets
- $435.6k
- Revenue
- $399.5k
- Investments
- $238.0k
- Employees
- 2
- Location
- Albuquerque, NM
- Founding
- 01/1992
- Data as of
- 12/2023
- EIN
- 85-0208169
Organization Overview
New Mexico Art League Inc is located in Albuquerque, NM. The organization was established in 1992. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, New Mexico Art League Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Art League 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 12/2023, New Mexico Art League Inc generated $399.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $213.5k during the year ending 12/2023. While expenses have increased by 7.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MISSION: INSPIRE AND EDUCATE ARTISTS OF ALL AGES AND ABILITIES. ACCOMPLISHMENTS : NMAL PROVIDED 66 CLASSES AND WORKSHOPS TO ITS STUDENTS WITH ENROLLMENTS IN THOSE CLASSES TOTALING 568. IN ADDITION NMAL HELD 46 OPEN STUDIO LIFE DRAWING SESSIONS NO INSTRUCTION WITH AN AVERAGE OF 11 ARTISTS IN ATTENDANCE AT EACH SESSION. NMAL HELD ONE PAINTING DEMONSTRATION WITH 27 ATTENDEES.
MISSION : PROMOTE VISUAL ARTS. ACCOMPLISHMENTS: NMAL SHOWCASED WORKS OF NEW MEXICO ARTISTS IN EIGHT GALLERY AND OR ONLINE EXHIBITS THROUGHOUT THE YEAR. WORKS FROM THESE EXHIBITS WERE AVAILABLE FOR PURCHASE. IN 2023 ON AVERAGE WORKS FROM OVER 53 ARTISTS WERE SHOWCASED IN EACH OF THE EIGHT SHOWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Conklin President And Director | OfficerTrustee | 2 | $0 |
Brigid Conklin Vice President And Director | OfficerTrustee | 4 | $0 |
Kate Fry Secretary And Director | OfficerTrustee | 2 | $0 |
Judith Wagner Treasurer And Director | OfficerTrustee | 6 | $0 |
Carolyn Berry Director | Trustee | 2 | $1,560 |
Kathleen Butler Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,591 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $184,591 |
| Total Program Service Revenue | $205,549 |
| Investment income | $9,404 |
| 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 | $399,544 |
| 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. | $68,195 |
| Compensation of current officers, directors, key employees. | $9,085 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,112 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,599 |
| Fees for services: Management | $2,064 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,400 |
| Advertising and promotion | $5,381 |
| Office expenses | $13,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,403 |
| Travel | $80 |
| 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 | $2,562 |
| Insurance | $7,008 |
| All other expenses | $0 |
| Total functional expenses | $213,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,204 |
| Savings and temporary cash investments | $11,646 |
| 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 | $22,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $237,963 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,128 |
| Total assets | $435,647 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $385,019 |
| Net assets with donor restrictions | $50,628 |
| 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 | $435,647 |