Contemporary Hispanic Market Inc in Albuquerque, New Mexico (NM)

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Contemporary Hispanic Market Inc
Employer Identification Number (EIN)271715603
Name of OrganizationContemporary Hispanic Market Inc
In Care of NameRamona Vigil-Eastwood
Address10808 Constitution Ave Ne, Albuquerque, NM 87112-5430
SubsectionCharitable Organization
Ruling Date07/2010
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$14,212
Amount of Income$67,314
Form 990 Revenue Amount$67,314
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Visual Arts Organizations

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Amount of income in 2013: $67,314 (it was $66,864 in 2012)
Contemporary Hispanic Market Inc: 

Other organizations performing similar types of work: 


Assets in 2013: $14,212 (it was $9,735 in 2012)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $62,837
Contemporary Hispanic Market Inc: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.1
Contemporary Hispanic Market Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 0.0%
This organization: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$74,359$66,864$67,314
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$74,336$66,831$67,298
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$23$33$16
Total expenses$69,469$68,356$62,837
Total net assets$11,225$9,735$14,212
Excess/Deficit for the year$4,890$-1,492$4,477
Net assets or fund balances at beginning of year$6,335$11,225$9,735
Other changes in net assets or fund balances$0$2$0
Net assets or fund balances at end of year$9,735$14,212
Balance Sheets
Total assets$11,225$9,735$14,212
Total liabilities$0$0$0
Net assets or fund balances$11,225$9,735$14,212
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$282,701
Gifts, grants, contributions, and membership fees received$0
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$282,701
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$282,799
Public support$282,701
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$98
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Contemporary Hispanic Market Inc10808 Constitution Ave Ne, Albuquerque, NM 87112-5430NM2010-07$67,314
2New Mexico Experimental Glass Workshop, Nmegw Nm Experimental Glass Workshop Inc230 Spur Ranch Road, Santa Fe, NM 87540NM2011-04$14,272
3Woodson Foundation200 W Marcy St Ste 129, Santa Fe, NM 87501-2036NM2004-03$5,010
4Valencia Community ArtsPO BOX 1973, Belen, NM 87002-1973NM2004-08$4,178
5Galisteo International Stone Sculpture Symposium5c La Otra Vanda, Galisteo, NM 87540-9769NM2004-03$1
6Academy Of American Cue ArtPo Box 1085, Ruidoso Downs, NM 88346NM1999-09$0
7Albuquerque Fiber Arts Council IncPo Box 16443, Albuquuerque, NM 87191NM2002-07$0
8Center For Celebration Inc, International Center For CelebrationPo Box 9590, Santa Fe, NM 87504NM2014-06$0
9Clark Hulings Fund Llc1012 Placia Don Andres, Santa Fe, NM 87501NM2014-09$0
10Embudo Valley Arts AssociationPo Box 268, Dixon, NM 87527NM2002-04$0
11Encaustic Art Inc632 Agua Fria, Santa Fe, NM 87501NM2011-06$0
12G L A S Foundation4 Cibola Circle, Santa Fe, NM 87505NM2005-07$0
13Heaven & Earth FoundationBox 9, Villanueva, NM 87583NM2006-05$0
14Land An Art Site Inc419 Granite Nw, Albuquerque, NM 87102NM2000-03$0
15Modern Quilt Guild Inc7001 San Antonio Ne, Albuquerque, NM 87109NM2014-08$0
16New Mexico Veterans Art4621 Thistle Ave, Albuquerque, NM 87120NM2012-03$0
17Rainbow Around The World5175 Creek Trail, Las Cruces, NM 88012NM2012-08$0
18Southwest New Mexico Quilters GuildPo Box 471, Silver City, NM 88062NM2003-09$0
19Southwestern Arts Alliance Inc10282 Us Hwy 380, Hondo, NM 88336NM2009-11$0
20Taos Fall Arts Festival IncPO BOX 675, Taos, NM 87571NM2015-02$0
Number of organizations performing similar types of work
District of Columbia12
North Carolina38
North Dakota4
New Hampshire3
New Jersey34
New Mexico25
New York155
Rhode Island4
South Carolina26
South Dakota3
West Virginia6
Total1,528 is not associated with, endorsed by, or sponsored by Contemporary Hispanic Market Inc and has no official or unofficial affiliation with Contemporary Hispanic Market Inc