The Taos Community Foundation Inc
- Assets
- $13.7m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 6
- Location
- Taos, NM
- Founding
- 12/1998
- Data as of
- 06/2020
- EIN
- 85-0425147
Organization Overview
The Taos Community Foundation Inc is located in Taos, NM. The organization was established in 1998. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2020, Taos Community Foundation Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taos Community 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 06/2020, Taos Community Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $2.4m during the year ending 06/2020. While expenses have increased by 11.2% per year over the past 6 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.
Since 2015, Taos Community Foundation Inc has awarded 178 individual grants totaling $3,541,942. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS ARE MADE FROM DONOR ADVISED, DESIGNATED, ENDOWMENT, SCHOLARSHIP, DISCRETIONARY, AND EMERGENCY FUNDS, TO LOCAL NONPROFIT ORGANIZATIONS IN THE ARTS, CIVIC AFFAIRS, EDUCATION, ENVIRONMENT, AND HEALTH AND HUMAN SERVICES. PROGRAM SERVICES INCLUDE GRANTS MANAGEMENT, TECHNICAL ASSISTANCE TRAINING FOR LOCAL NONPROFIT ORGANIZATIONS, AND CONVENING AND LEADING COMMUNITY COLLABORATION EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa O'brien Executive Director | Officer | 50 | $86,913 |
David Norden Vice Chair | OfficerTrustee | 0.5 | $0 |
Dennis Manzanares Secretary | OfficerTrustee | 0.5 | $0 |
George Jaramillo Board Chair | OfficerTrustee | 0.5 | $0 |
Ben Maddox Treasurer | OfficerTrustee | 0.5 | $0 |
Vernon Lujan Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,319,840 |
| Investment income | $272,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $214,899 |
| Net Income from Fundraising Events | -$48,297 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,995,533 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $214,054 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,148 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,350 |
| Pension plan accruals and contributions | $2,956 |
| Other employee benefits | $18,181 |
| Payroll taxes | $20,482 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,056 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,300 |
| Fees for services: Other | $111,110 |
| Advertising and promotion | $64,434 |
| Office expenses | $68,737 |
| Information technology | $32,128 |
| Royalties | $0 |
| Occupancy | $16,756 |
| Travel | $9,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,298 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,252 |
| Insurance | $7,137 |
| All other expenses | $0 |
| Total functional expenses | $2,441,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,635 |
| Savings and temporary cash investments | $895,763 |
| Pledges and grants receivable | $122,250 |
| Accounts receivable, net | $100 |
| 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 | $9,485 |
| Investments—publicly traded securities | $11,898,274 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,668,437 |
| Accounts payable and accrued expenses | $13,821 |
| Grants payable | $307,603 |
| 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 | $3,550,749 |
| Total liabilities | $3,872,173 |
| 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 | $9,796,264 |
Grants Awarded
Over the last fiscal year, The Taos Community Foundation Inc has awarded $691,775 in support to 42 organizations.
| Grant Recipient | Amount |
|---|---|
Taos, NM PURPOSE: CORE OPERATING SUPPORT | $79,300 |
Arroyo Seco, NM PURPOSE: CORE OPERATING SUPPORT, EVENT SUPPORT, AGENCY FUND DISBURSEMENT | $54,000 |
Taos, NM PURPOSE: CORE OPERATING SUPPORT | $45,750 |
Taos, NM PURPOSE: CORE OPERATING SUPPORT | $32,750 |
UNM TAOS -TECC PURPOSE: EDUCATION TECH, COALITION FOR LITERACY SUPPORT, PROGRAMS | $29,706 |
Santa Fe, NM PURPOSE: CORE OPERATING SUPPORT | $27,500 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that The Taos Community Foundation Inc has recieved totaling $244,239.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $78,250 |
Santa Fe Community Foundation Santa Fe, NM PURPOSE: GENERAL OPERATING SUPPORT | $43,750 |
Los Alamos National Laboratory Foundation Espanola, NM PURPOSE: UNM TAOS REQUESTS TWO YEARS OF FUNDING AT $20,000 PER YEAR TO SUPPORT THE CONTINUATION OF THE SEL COMMUNITY CATALYST TRAINING PROGRAM IN TAOS, NM IN ORDER TO EXPAND OUR SUCCESSFUL PILOT WHICH PROVIDES AN INCLUSIVE, EXPERIENTIAL, AND REFLECTIVE CURRICULUM TO UNITE FRONT-LINE WORKERS ACROSS PREK-16, SOCIAL SERVICE, AND NON-PROFIT ORGANIZATIONS IN OUR COMMUNITY-WIDE SEL APPROACH. TAOS SCHOOL ZONE REQUESTS $5,000 TO SUPPORT HIRING OF A FACILITATOR TO INTRODUCE TAOS COUNTY EDUCATION SNAPSHOT AND ASSIST IN DEVELOPMENT OF SHORT- AND LONG-TERM COLLECTIVE IMPACT GOALS WITH EARLY CHILDHOOD, K-12, AND POST-SECONDAR/CAREER COHORTS. | $25,000 |
Edward Charles Foundation Beverly Hills, CA PURPOSE: CHARITABLE GIFT | $18,000 |
New Mexico Community Foundation Santa Fe, NM PURPOSE: Family Service Assistance | $15,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $13,403 |
Endowment Analysis
| Beg. Balance | $10,367,213 |
| Earnings | $421,712 |
| Admin Expense | $193,347 |
| Net Contributions | $434,101 |
| Other Expense | $739 |
| Grants | $426,455 |
| Ending Balance | $10,602,485 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
Aspen Community Foundation Basalt, CO | $62,511,754 | $28,301,426 |
Impact Charitable Denver, CO | $10,724,494 | $21,202,015 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |
Dallas Jewish Community Foundation Dallas, TX | $257,889,567 | $62,022,140 |
East Texas Communties Foundation Inc Tyler, TX | $137,619,988 | $26,912,059 |
Jewishcolorado Denver, CO | $81,767,824 | $13,645,129 |
Community Foundation For Southern Arizona Tucson, AZ | $172,311,447 | $35,644,345 |
Permian Basin Area Foundation Midland, TX | $279,717,835 | $33,055,231 |
The Community Foundation Boulder, CO | $79,799,287 | $19,282,047 |
Community Foundation Of Northern Colorado Fort Collins, CO | $185,330,639 | $37,336,720 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ | $157,844,908 | $29,193,344 |