New Mexico Press Association Foundation Inc in Albuquerque, New Mexico (NM)

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New Mexico Press Association Foundation Inc
Employer Identification Number (EIN)850364475
Name of OrganizationNew Mexico Press Association Foundation Inc
AddressPO BOX 95198, Albuquerque, NM 87199-5198
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date10/1988
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Exempt Organization StatusUnconditional Exemption
Tax Period10/2014
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$89,578
Amount of Income$8,739
Form 990 Revenue Amount$2,960

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Financial snapshot ($)

Revenue for 2013

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$9,356$4,154$6,432
Contributions, gifts, grants, and similar amounts received$182$321$340
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$7$7$1,110
Gain/Loss from sale of assets other than inventory$0$0$-16
Gross amount from sale of assets other than inventory$0$0$613
Less: cost or other basis and sales expenses$0$0$629
Net income/loss from gaming and fundraising events$9,167$3,826$4,998
Gross income from gaming$0$0$0
Gross income from fundraising events$14,773$8,865$12,430
Less: direct expenses from gaming and fundraising events$5,606$5,039$7,432
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$3,169$2,325$2,324
Total net assets$84,614$86,443$89,755
Excess/Deficit for the year$6,187$1,829$4,108
Net assets or fund balances at beginning of year$78,427$84,614$86,443
Other changes in net assets or fund balances$0$0$-796
Net assets or fund balances at end of year$86,443$89,755
Balance Sheets
Total assets$84,614$86,443$89,755
Total liabilities$0$0$0
Net assets or fund balances$84,614$86,443$89,755
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:A community trust described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$12,431
Subtotal Support$12,431
Gifts, grants, contributions, and membership fees received$12,431
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
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$12,776
Public Support$12,431
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$345
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$22,936
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