New Mexico Angels Inc in Albuquerque, New Mexico (NM)

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New Mexico Angels Inc
Employer Identification Number (EIN)861060547
Name of OrganizationNew Mexico Angels Inc
In Care of NameGeorge M Richmond
Address1155 University Blvd Se, Albuquerque, NM 87106-4320
SubsectionBusiness League
Ruling Date10/2003
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$45,163
Amount of Income$133,326
Form 990 Revenue Amount$133,326
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business

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Amount of income in 2013: $133,326 (it was $126,890 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $45,163 (it was $46,971 in 2012)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $135,134
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 1.0
This organization: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 52.8%
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Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$131,989$126,890$133,326
Contributions, gifts, grants, and similar amounts received$65,213$55,350$70,447
Program service revenue including government fees and contracts$5,476$3,600$6,566
Membership dues and assessments$61,300$67,940$56,313
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$0$0$0
Total expenses$113,147$129,461$135,134
Total net assets$49,542$46,971$45,163
Excess/Deficit for the year$18,842$-2,571$-1,808
Net assets or fund balances at beginning of year$30,700$49,542$46,971
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$46,971$45,163
Balance Sheets
Total assets$49,542$46,971$45,163
Total liabilities$0$0$0
Net assets or fund balances$49,542$46,971$45,163
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:Not provided
Number of organizations supported0
Sum of amounts of support$0
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Number of organizations performing similar types of work
District of Columbia411
North Carolina452
North Dakota65
New Hampshire92
New Jersey401
New Mexico156
New York967
Rhode Island73
South Carolina192
South Dakota91
West Virginia109
Total17,957 is not associated with, endorsed by, or sponsored by New Mexico Angels Inc and has no official or unofficial affiliation with New Mexico Angels Inc