Couse Foundation is located in Taos, NM. The organization was established in 2001. 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 02/2022, Couse Foundation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Couse 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 02/2022, Couse Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $678.4k during the year ending 02/2022. While expenses have increased by 22.0% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE ARTIFACTS, FURNISHINGS, RESIDENCE AND STUDIO OF EANGER IRVING COUSE AND TWO STUDIOS OF JOSEPH HENRY SHARP, IN ORDER TO EDUCATE THE PUBLIC AS TO THE ENVIRONMENT, BOTH PERSONAL AND HISTORICAL, IN WHICH THE MEMBERS OF THE TAOS SOCIETY OF ARTISTS WORKED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE COUSE FOUNDATION IS TO PRESERVE AND INTERPRET THE COUSE-SHARP HISTORIC SITE, ITS BUILDINGS, GROUNDS, AND COLLECTIONS, AND THE ARCHIVES OF THE TAOS SOCIETY OF ARTISTS, THROUGH EDUCATION, COLLABORATION, AND SCHOLARLY ENGAGEMENT.THE VISION OF THE COUSE FOUNDATION IS TO BE THE CENTER FOR SCHOLARSHIP OF E.I. COUSE, J.H. SHARP AND THE TAOS SOCIETY OF ARTISTS.ACCOMPLISHMENTS INCLUDE ONGOING EXHIBITIONS OF ARTWORK, EDUCATIONAL PROGRAMS AND RESEARCH CONCERNING THE COUSE-SHARP HISTORIC SITE, THE STUDIOS OF E.I. COUSE, J. H. SHARP AND THE LUNDER RESEARCH CENTER FOCUSED ON THE 12 MEMBERS OF THE TAOS SOCIETY OF ARTISTS. IN ADDITION, THE ORGANIZATION PROVIDED VIRTUAL AND IN-PERSON PUBLIC EVENTS FOCUSED ON THE FOUNDATION'S MISSION, AS WELL AS DISTRIBUTE SEMI-ANNUAL NEWSLETTERS (3,500+ CIRCULATION EACH) RELATING TO ITS YEARLY ACTIVITIES. SOME SPECIFIC EXAMPLES OF ACCOMPLISHMENTS FOR 2021 AND 2022 INCLUDE: DURING 2021, THE FOUNDATION COMPLETED CONSTRUCTION OF THE LUNDER RESEARCH CENTER, CELEBRATED OUR 20TH ANNIVERSARY AS AN ORGANIZATION, HOSTED A SUMMER EXHIBITION, GLIMPSES OF THE PAST: HISTORIC NEW MEXICO PRINTS, 1880-1950, PRESENTED OUR INAUGURAL EXHIBITION IN THE DEAN PORTER GALLERY, RESURGENCE: MARK MAGGIORI PORTRAITS FROM E.I. COUSES PUEBLO PHOTOS. WE WERE ABLE TO RESUME LIMITED SITE TOURS AND MONTHLY OPEN HOUSES IN THE FACE OF PANDEMIC RESTRICTIONS. WE CONTINUE TO ENJOY THE SUPPORT OF A STRONG DONOR BASE, HISTORIC SITE GRANTS AND LEGACY GIVING OPPORTUNITIES ALLOWING US TO EXPAND AND SUSTAIN OUR PROGRAMS, MISSION AND VISION. DURING 2022 THE FOUNDATION HIRED TWO CONTRACT ARCHIVISTS AS PART OF A GRANT TO BEGIN TO DIGITIZE THE ARCHIVES AND SCAN HISTORIC PHOTOS AT THE LUNDER RESEARCH CENTER, LAUNCHED A FELLOWSHIP WITH COLBY COLLEGE FOR A ONE YEAR PROGRAM WITH A GRADUATE STUDENT TO EXPERIENCE WORKING IN A MUSEUM/HISTORIC SITE, HOSTED OUR MOST SUCCESSFUL GALA CELEBRATION WEEKEND INCLUDING THE 90TH BIRTHDAY OUR FOUNDER, VIRGINIA COUSE LEAVITT AND FEATURED TWO EXHIBITIONS IN THE DEAN PORTER GALLERY, FIRST A SHOW OF CONTEMPORARY ARTISTS DEEPLY INFLUENCED BY THE EARLY 20TH CENTURY ARTISTS IN TAOS TO BE AUCTIONED AT THE GALA AND THEN A SHOW THE INFINITE LANDSCAPE BY ARTIST JIVAN LEE. WE WERE ABLE TO RESUME OUR PRE-PANDEMIC SCHEDULE OF TOURS, OPEN HOUSES, SITE VISITS AND EXHIBITIONS DURING THE YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Virginia Couse-Leavitt Secretary | OfficerTrustee | 25 | $0 |
Richard Rinehart President | OfficerTrustee | 15 | $0 |
Jeanne Timber Treasurer | OfficerTrustee | 1 | $0 |
Holly Azzari Vice President | OfficerTrustee | 5 | $0 |
Dustin Leavitt Director | Trustee | 1 | $0 |
Anthony Skvarla Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $88,900 |
All other contributions, gifts, grants, and similar amounts not included above | $1,405,593 |
Noncash contributions included in lines 1a–1f | $569,638 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,494,493 |
Total Program Service Revenue | $38,410 |
Investment income | $244 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $3,087 |
Net Gain/Loss on Asset Sales | $5,093 |
Net Income from Fundraising Events | $49,404 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$153,237 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,437,494 |
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 | $0 |
Other salaries and wages | $240,074 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $17,109 |
Payroll taxes | $18,852 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $33,522 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $79,769 |
Advertising and promotion | $24,240 |
Office expenses | $14,984 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $61,745 |
Travel | $4,399 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $36,956 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $77,951 |
Insurance | $28,204 |
All other expenses | $4,281 |
Total functional expenses | $678,409 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,655 |
Savings and temporary cash investments | $856,520 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $28,299 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $290,911 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $7,954,827 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $30,071 |
Total assets | $9,189,283 |
Accounts payable and accrued expenses | $23,692 |
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 | $325,000 |
Secured mortgages and notes payable | $898,789 |
Unsecured mortgages and notes payable | $150,000 |
Other liabilities | $650 |
Total liabilities | $1,398,131 |
Net assets without donor restrictions | $4,407,946 |
Net assets with donor restrictions | $3,383,206 |
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 | $9,189,283 |
Over the last fiscal year, we have identified 8 grants that Couse Foundation has recieved totaling $139,928.
Awarding Organization | Amount |
---|---|
Hutson Wiley And Echevarria Foundation Inc Coral Gables, FL PURPOSE: UNRESTRICTED | $57,410 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $28,500 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
Klauer Foundation Trust Chicago, IL PURPOSE: GENERAL | $20,000 |
J F Maddox Foundation Hobbs, NM PURPOSE: GENERAL OPERATING SUPPORT | $7,000 |
Thomas C And Lois L Sando Foundation Minneapolis, MN PURPOSE: EDUCATION | $1,000 |
Organization Name | Assets | Revenue |
---|---|---|
Holy Land Experience Ministries Inc Fort Worth, TX | $0 | $1,182,196 |
Museum Of The Bible Inc Oklahoma City, OK | $471,961,036 | $30,370,412 |
Commemorative Air Force Dallas, TX | $31,700,187 | $23,919,156 |
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 |