Taos Art Museum
- Assets
- $5.8m
- Revenue
- $1.6m
- Investments
- $114.9k
- Employees
- 0
- Location
- Taos, NM
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 85-0400684
Organization Overview
Taos Art Museum is located in Taos, NM. The organization was established in 1992. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos Art Museum 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 Art Museum generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $346.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGES AND INSPIRES ITS NATIONAL AND INTERNATIONAL VISITORS, DIVERSE LOCAL COMMUNITIES, AND FELLOW INSTITUTIONS THROUGH HISTORIC PRESERVATION AND INTERPRETATION OF THE FECHIN HOUSE, STUDIO AND GARDENS; RICH, RELEVANT PROGRAMS BASED ON THE COLLECTIONS AND EXHIBITIONS; AND A COMMITMENT TO BUILDING CULTURAL LITERACY AND CREATIVE OPPORTUNITY ONE VISITOR AT A TIME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dyer Chairman | 2 | $0 | |
Christy Schoedinger-Coleman Executive Dir. | 40 | $91,454 | |
Nikki Donner Secretary | 2 | $0 | |
Annie Brown Vice President | 2 | $0 | |
Robert A Korsmeier Director | 1 | $0 | |
Roger Eiteljorg Treasurer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brett House Catering | 12/30/18 | $59,888 |
90 Degrees Corners Inc | 12/30/18 | $43,712 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,359,217 |
| Interest on Savings | $191 |
| Dividends & Interest | $12,938 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,337 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $41,849 |
| Other Income | $252,695 |
| Total Revenue | $1,646,553 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $91,454 |
| Other employee salaries and wages | $69,285 |
| Pension plans, employee benefits | $17,755 |
| Interest | $29 |
| Taxes | $0 |
| Depreciation | $22,323 |
| Occupancy | $47,615 |
| Travel, conferences, and meetings | $1,588 |
| Printing and publications | $0 |
| Other expenses | $78,488 |
| Total operating and administrative expenses | $346,695 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $346,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,195 |
| Savings and temporary cash investments | $1,314,527 |
| Net Accounts receivable | $4,274 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $12,742 |
| Prepaid expenses and deferred charges | $2,661 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $660,705 |
| Other assets | $3,327,933 |
| Total assets | $5,764,977 |
| Accounts payable and accrued expenses | $1,702 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $12,142 |
| Total liabilities | $13,844 |