New Mexico Philharmonic Inc
- Assets
- $458.9k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 192
- Location
- Albuquerque, NM
- Founding
- 07/2010
- Data as of
- 08/2020
- EIN
- 27-1148446
Organization Overview
New Mexico Philharmonic Inc is located in Albuquerque, NM. The organization was established in 2010. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2021, New Mexico Philharmonic Inc employed 192 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Philharmonic 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 08/2020, New Mexico Philharmonic Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.9m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
AS THE MAJOR PROFESSIONAL ORCHESTRA IN THE STATE, THE NEW MEXICO PHILHARMONIC IS COMMITTED TO INSPIRING AUDIENCES OF ALL AGES AND BACKGROUNDS THROUGH ITS ARTISTIC EXCELLENCE, INNOVATIVE PROGRAMMING AND EDUCATION, AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEASON V 2020-21 HIGHLIGHTS:ORGANIZATIONAL-THE NMPHIL LAUNCHES DIGITAL INITIATIVES SUCH AS PHIL THE MUSIC, WEDNESDAY NIGHT LIVE, NMPHIL NOW! FEATURING PERFORMANCES AND A TALK SHOW. THE DIGITAL INITIATIVES WERE LAUNCHED DUE TO THE INABILITY TO PERFORM LIVE CONCERTS DUE TO COVID 19 PANDEMIC. -SYSTEMATIC MANAGEMENT AND LEADERSHIP PROCESSES ARE CREATED AND DEPLOYED INTERNALLY LEADING TO HIGH PERFORMING STAFF AND BOARD.-THERE ARE NUMEROUS ARTISTIC COLLABORATIONS WITH LOCAL INSTITUTIONS INCLUDING: NEW MEXICO BALLET COMPANY, NEW MEXICO SYMPHONIC CHORUS, MANZANO DAY SCHOOL, ST. JOHN UNITED METHODIST CHOIR, CORO LUX, RIO RANCHO HIGH CHORUS, FAITH LUTHERAN CHOIR, JACKIE MCGEHEE YOUNG ARTIST COMPETITION. OUR WEEK LONG THEMED FESTIVAL INCLUDES COLLABORATION WITH ALBUQUERQUE MUSEUM, UNM HONOR'S COLLEGE, CELL, FUSION, LIAR'S GAME STORYTELLERS, GUTIERREZZ HUBBELL HOUSE, CONGREGATION NAHALAT SHALOM, AFRICAN AMERICAN PERFORMING ARTS CENTER, SONGKARN, UNIVERSITY OF NEW MEXICO NEW MUSIC ENSEMBLE, NEW MEXICO MUSEUM OF HISTORY AND SCIENCE, AND SANTA FE OPERA.-55,000+ AUDIENCE MEMBERS HEAR LIVE PERFORMANCES OF NM PHIL AND SEVERAL MORE THOUSANDS HAVE VIEWED OUR DIGITAL INITIATIVES.INTERNATIONALLY ACCLAIMED CONDUCTOR, ROBERTO MINCZUK, HIRES MULTIPLE WORLDCLASS MUSICIANS THROUGH AUDITIONS FOR EXISTING OPENINGS. -THE NEIGHBORHOOD CONCERTS CONTINUE TO BE VERY TRENDY WITH LOCAL NON-CONCERT GOING AUDIENCES. PERFORMANCES ARE OF THE HIGHEST LEVEL AND PROMOTE LOCKA TALENT FROM THE COMMUNITY THUS ENHANCING THE FEELING OF PRIDE AND WELL-BEING AMONG THE MEMBERS OF THE AUDIENCE. THERE ARE OVER 40,000 WHO HEAR THE MUSIC EDUCATION PERFORMANCES. EDUCATION-YOUNG MUSICIAN INITIATIVE BASED ON EL SISTEMA, AN IN-DEPTH MUSICLEARNING INITIATIVE. PROGRAM TAKES PLACE AT NATIONAL HISPANIC CULTURALCENTER. OVER 70 CHILDREN FROM TITLEONE SCHOOLS PARTICIPATE IN THE PROGRAM. MEASUREMENTS TAKEN AFTER 4MONTHS SHOW SIGNIFICANT IMPROVEMENT IN SELF-DISCIPLINE, ATTENDANCE, ANDACADEMICS.-YOUTH CONCERTS CONTINUE - 10 CONCERTS INCLUDING ONE FOR AUTISTICCHILDREN.-ENSEMBLE VISITS - CONTINUE WITH 20+ PERFORMANCES.FUNDRAISING-CORPORATE SPONSORSHIP DOLLARS FOR THE SEASON ABOVE $100,000.-$35,000 GRANT FROM MEREDITH FOUNDATION.-$84,425 GRANT FROM ALBUQUERQUE COMMUNITY FOUNDATION.-ANNUAL FUND DRIVE IN EXCESS OF $200,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marian Tanau Executive Director | Officer | 40 | $94,500 |
Maureen Baca President | OfficerTrustee | 15 | $0 |
Kory Hoggan CPA Treasurer | OfficerTrustee | 5 | $0 |
David W Peterson Secretary | OfficerTrustee | 1 | $0 |
Anthony Trujillo Vice President | OfficerTrustee | 2 | $0 |
James Devon Hyde Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,260 |
| Investment income | $606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,347 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $36,803 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,791,722 |
| Statement of Expenses | |
|---|---|
| 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. | $109,391 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $974,385 |
| Pension plan accruals and contributions | $2,488 |
| Other employee benefits | $0 |
| Payroll taxes | $97,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,419 |
| Fees for services: Accounting | $26,214 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,299 |
| Advertising and promotion | $195,968 |
| Office expenses | $138,510 |
| Information technology | $19,750 |
| Royalties | $0 |
| Occupancy | $24,392 |
| Travel | $7,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,378 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,948 |
| Insurance | $52,400 |
| All other expenses | $0 |
| Total functional expenses | $1,946,989 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,459 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,000 |
| Accounts receivable, net | $238,184 |
| 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 | $18,440 |
| Investments—publicly traded securities | $33,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $458,933 |
| Accounts payable and accrued expenses | $23,794 |
| Grants payable | $0 |
| Deferred revenue | $238,184 |
| 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 | $298,706 |
| Other liabilities | $0 |
| Total liabilities | $560,684 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$101,751 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Mexico Philharmonic Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Bruckner Society Of America Inc Windsor, CT PURPOSE: GRANT FOR PERFORMANCE | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Tucson Symphony Society Tucson, AZ | $15,428,177 | $6,501,284 |
Phoenix Symphony Association Phoenix, AZ | $1,368,252 | $4,890,998 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
Symphony Society Of San Antonio San Antonio, TX | $0 | $201,376 |
New Mexico Philharmonic Inc Albuquerque, NM | $458,933 | $1,791,722 |
Youth Orchestras Of San Antonio San Antonio, TX | $968,250 | $1,461,155 |
El Paso Symphony Orchestra Assn El Paso, TX | $1,877,584 | $1,540,640 |