New Mexico Fiber Arts Center
- Assets
- $499.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 9
- Location
- Espanola, NM
- Founding
- 12/1997
- Data as of
- 12/2021
- EIN
- 85-0442395
Organization Overview
New Mexico Fiber Arts Center is located in Espanola, NM. The organization was established in 1997. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, New Mexico Fiber Arts Center employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Fiber Arts Center 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 12/2021, New Mexico Fiber Arts Center generated $187.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $140.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CULTIVATE AND SUPPORT MULTI-GENERATIONAL PARTICIPATION IN LOCAL, TRADITIONAL AND CONTEMPORARY FIBER ARTS.
Describe the Organization's Program Activity:
Part 3
SUSTAINABILITY: FOSTERING ECONOMIC GROWTH THROUGH BUILDING CAPACITY. IN RETAIL THIS PROVIDES SALES OPPORTUNITY TO ARTISTS, ASSURES SUPPLIES FOR EDUCATION PROGRAMS AND CREATES AN OUTLET FOR LOCAL FIBER-RELATED GOODS. DEVELOPING SHOWS AND EXHIBITIONS FOR FIBER ARTISTS; SUCH AS THE ANNUAL FALL FIBER FIESTA, AND MANAGING IN-HOUSE BUSINESS INITIATIVES EXPAND INCOME SOURCES THAT SUPPORT THE DAY-TO-DAY OPERATION OF EVFAC AND PROVIDE ECONOMIC OPPORTUNITY FOR OUR MEMBERS.
COMMUNITY ENGAGEMENT: BUILDING AWARENESS OF, AND PARTICIPATION IN, THE FIBER ARTS AND EVFAC. ACTIONS INCLUDE EVENTS AND PROGRAMS THAT ASSURE EVERYONE WITHIN THE FIBER ECOSYSTEM IS INVOLVED, FROM SHEPHERDS TO ARTISTS TO VISITORS; WHILE OFFERING OPPORTUNITIES TO LOCAL BUSINESSES. ACTIVITIES ARE OPEN TO THE PUBLIC WITH THE OBJECTIVE TO ENGAGE BROADER AUDIENCES, AS WELL AS TARGET THE TOURISM INDUSTRY.
EDUCATION: BUILDING EXPERTISE IN THE FIBER ARTS FOR ADULTS AND YOUTH. EDUCATION PORTFOLIO INCLUDES A VARIETY OF CLASSES, WORKSHOP AND LECTURES ON BROAD RANGE OF SUBJECTS IN THE FIBER ARTS INCLUDING; WALK IN & WEAVE TO ATTRACT TOURISTS, AND THE TRAVELING FIBER TRUNK TO SERVICE YOUTH. EDUCATION PROGRAMS ARE OFFERED BOTH IN-HOUSE AND THROUGH OUTREACH, BY COLLABORATION WITH ESTABLISHED INSTITUTIONS AND YOUTH EDUCATION ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Jonsson Secretary | 2 | $0 | |
Dain Daller Member | 2 | $0 | |
Carol Nieukirk President | 2 | $0 | |
Leigh Alexander Treasurer | 2 | $0 | |
Mark Bond Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,417 |
| Total Program Service Revenue | $9,783 |
| Membership dues | $7,560 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,178 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $34,178 |
| Professional fees and other payments to independent contractors | $66,049 |
| Occupancy, rent, utilities, and maintenance | $34,615 |
| Printing, publications, postage, and shipping | $5,978 |
| Other expenses | $0 |
| Total expenses | $140,820 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,125 |
| Other assets | $0 |
| Total assets | $499,000 |
| Total liabilities | $0 |
| Net assets or fund balances | $499,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Mexico Fiber Arts Center has recieved totaling $5,125.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $5,125 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phoenix Painting Industry Trust Fund Phoenix, AZ | $8,745,449 | $4,690,569 |
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Redline Denver, CO | $19,188,382 | $2,483,556 |
National Council On Education For The Ceramic Arts Boulder, CO | $3,277,590 | $1,203,112 |
Cherry Creek Arts Festival Denver, CO | $2,617,133 | $1,539,850 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Foothills Art Center Inc Golden, CO | $2,162,133 | $1,395,944 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |