Taos Art Museum in Taos, New Mexico (NM)

Taos Art Museum
Employer Identification Number (EIN)	850400684
Name of Organization	Taos Art Museum
Address	PO BOX 1848, Taos, NM 87571-1848
Activities	Museum, zoo, planetarium, etc.
Subsection	Charitable Organization, Educational Organization
Ruling Date	08/1992
Deductibility	Contributions are deductible
Foundation	Private operating foundation (other)
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	12/2013
Assets	$1,000,000 to $4,999,999
Income	$500,000 to $999,999
Filing Requirement	990 - Not required to file (all other)
Asset Amount	$4,441,845
Amount of Income	$668,404
Form 990 Revenue Amount	$427,516

Non-representatives - add comments:

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Expenses for 2013

	Revenue and expenses per books	Net investment income	Adjusted net income	Disbursements for charitable purposes (cash basis only)
Analysis of Revenue and Expenses (for 2013)
Total revenue	$497,733	$9,084	$411,069
Contributions, gifts, grants, etc., received	$84,939
Interest on savings and temporary cash investments	$1,159
Dividends and interest from securities	$6,200
Gross rents	$24,996
Gross sales price for all assets	$91,558
Gross loss from sales of goods	$-7,050
Gross sales less returns and allowances	$-87,888
Less: Cost of goods sold	$80,838
Other income	$385,764
Other	$1,725
Total expenses and disbursements	$524,828	$3,405	$24,396	$498,691
Compensation of officers, directors, trustees, etc.	$89,482
Pension plans, employee benefits	$0
Legal fees	$0
Accounting fees	$10,065
Interest	$0
Depreciation	$22,732
Occupancy	$19,490
Travel, conferences, and meetings	$0
Printing and publications	$0
Total operating and administrative expenses	$524,828	$3,405		$498,691
Contributions, gifts, grants paid	$0
Excess of revenue over expenses and disbursements	$-27,095
Net investment income		$5,679
Adjusted net income			$386,673

	2011		2012		2013
Balance Sheets
	Book Value	Fair Market Value	Book Value	Fair Market Value	Book Value	Fair Market Value
Total assets	$4,486,304	$4,495,020	$4,458,823	$4,489,133	$4,441,845	$4,387,960
Cash - non-interest-bearing	$90,197		$83,745		$111,573
Investments-U.S. and state government obligations	$0		$0		$0
Investments-corporate stock	$6,603		$6,603		$6,603
Investments-corporate bonds	$188,781		$254,025		$203,693
Investments-mortgage loans	$0		$0		$0
Investments-other	$0		$0		$0
Other assets			$3,252,260		$3,255,260
Total liabilities	$2,867		$14,961		$25,316
Mortgages and other notes payable	$0		$0		$0
Other liabilities			$2,916		$21,430
Total liabilities and net assets/fund balances	$4,483,437		$4,443,862		$4,416,529

	2011	2012	2013
Capital Gains and Losses for Tax on Investment Income
Capital gain net income	$0	$313	$1,725
Net capital loss	$0	$0	$0

	2011	2012	2013
Excise Tax Based on Investment Income
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)	No	No	No
Tax based on investment income	$133	$205	$57
Total credits and payments	$200	$160	$240
Current year estimated tax payments and previous year's overpayment credited to current year	$200	$160	$240
Exempt foreign organizations-tax withheld at source	$0	$0	$0
Tax paid with application for extension of time to file (Form 8868)	$0	$0	$0
Backup withholding erroneously withheld	$0	$0	$0
Any penalty for underpayment of estimated tax	$0	$0	$0
Tax due		$45	$0
Overpayment		$0	$183
Amount to be credited to next year's estimated tax	$67	$0	$183

	2011	2012	2013
Statements Regarding Activities
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?	No	No	No
Has the foundation engaged in any activities that have not previously been reported to the IRS?		No	No
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles of incorporation, or bylaws, or other similar instruments?		No	No
Has the foundation filed a tax return on Form 990-T for this year?		No	No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?	No	No	No
Has the foundation furnished a copy of Form 990-PF to the Attorney General (or designate) of each state?		Yes	Yes
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for current calendar year or the taxable year beginning in this year?	Yes	Yes	Yes
Did any persons become substantial contributors during the tax year?		No	No
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had advisory privileges?		No	No
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?		Yes	Yes
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041		No	No

	2011	2012	2013
Statements Regarding Activities for Which Form 4720 May Be Required
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?	No	No	No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?	No	No	No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?	No	No	No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?	No	No	No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?	No	No	No
Agree to pay money or property to a government official?	No	No	No
Did any of the acts fail to qualify under the exceptions described in Regulations section 53.4941(d)-3 or in a current notice regarding disaster assistance?		No	No
Did the foundation engage in a prior year in any of the acts, other than excepted acts, that were not corrected before the first day of the tax year beginning in this year?		No	No
At the end of this tax year, did the foundation have any undistributed income for tax year(s) beginning before this year?	No	No	No
Are there any years listed above for which the foundation is not applying the provisions of section 4942(a)(2) (relating to incorrect valuation of assets) to the year's undistributed income?		No	No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?	No	No	No
Did the foundation have excess business holdings in this year as a result of (1) any purchase by the foundation or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3) the lapse of the 10-, 15-, or 20-year first phase holding period?	No	No	No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?	No	No	No
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in this year?		No	No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?	No	No	No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?	No	No	No
Provide a grant to an individual for travel, study, or other similar purposes?	No	No	No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?	No	No	No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?	No	No	No
Did any of the transactions fail to qualify under the exceptions described in Regulations section 53.4945 or in a current notice regarding disaster assistance?		No	No
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No

	2011	2012	2013
Minimum Investment Return
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes	$485,945	$448,389	$423,824
Net value of noncharitable-use assets		$441,663	$417,467
Minimum investment return	$23,933	$22,083	$20,873

	2011	2012	2013
Distributable Amount
Distributable amount	$0	$0	$0

	2011	2012	2013
Undistributed Income
Distributable amount for this year	$0	$0	$0
Undistributed income for this year. This amount must be distributed in the next year	$0	$0	$0

	2013	2012	2011	2010	Total
Private Operating Foundations (for 2010 - 2013)
The lesser of the adjusted net income or the minimum investment return	$20,873	$22,083	$23,933	$25,780	$92,669
Qualifying distributions made directly for active conduct of exempt activities	$498,691	$455,734	$369,988	$548,211	$1,872,624
Value of all assets	$4,449,136	$4,489,133	$4,486,304	$4,547,550	$17,972,123
Value of assets qualifying under section 4942(j)(3)(B)(i)	$4,027,802	$4,058,959	$4,023,186	$4,024,106	$16,134,053
2/3 of minimum investment return	$0	$0	$0	$0	$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)	$0	$0	$0	$0	$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)	$0	$0	$0	$0	$0
Gross investment income	$0	$0	$0	$0	$0

Supplementary Information (for 2013)
Grants approved for future payment	$0

	Amount	Related or exempt function income
Analysis of Income-Producing Activities (for 2013)
Program service revenue
	$0	$40,826
	$0	$15,875
	$0	$482
	$0	$1,965
	$0	$470
Fees and contracts from government agencies	$0	$0
Membership dues and assessments	$0	$0
Interest on savings and temporary cash investments	$1,159	$0
Dividends and interest from securities	$6,200	$0

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations (for 2013)
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Transfers from the reporting foundation to a noncharitable exempt organization of:
Cash	No
Other assets	No
Other transactions:
Sales of assets to a noncharitable exempt organization	No
Purchases of assets from a noncharitable exempt organization	No
Rental of facilities, equipment, or other assets	No
Reimbursement arrangements	No
Loans or loan guarantees	No
Performance of services or membership or fundraising solicitations	No
Sharing of facilities, equipment, mailing lists, other assets, or paid employees	No

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Id	Name	Address	State	Established	Total Income
Other organizations in New Mexico
1	Streetwise Inc	3232 Candelaria Rd Ne, Albuquerque, NM 87107-1907	NM	2003-01	$510,440
2	Sun Country Golf Association-Inc	2316 Southern Blvd Se Ste D, Rio Rancho, NM 87124-3746	NM	1979-02	$521,358
3	Sun Country Junior Golf Foundation Inc	2316 Southern Blvd Se Ste C, Rio Rancho, NM 87124-3746	NM	1999-09	$90,962
4	Sunnyside Child Development Center	PO BOX 133, Fort Sumner, NM 88119-0133	NM	2008-12	$131,440
5	Susans Legacy	11005 Spain Rd Ne Ste 8, Albuquerque, NM 87111-1871	NM	1999-07	$89,727
6	Sustainable Communities Zeri-Nm Inc	Po Box 1965, Santa Fe, NM 87504	NM	1995-08	$0
7	Sustainable Global Leadership Alliance	PO BOX 622, Sandia Park, NM 87047-0622	NM	2005-05	$85,355
8	T R E A T Y Total Immersion Educational Endowment Fund Inc	PO BOX 110, San Jose, NM 87565-0110	NM	1997-07	$66,324
9	Tai Chi Chih Association	3107 Eubank Blvd Ne Ste 19, Albuquerque, NM 87111-4874	NM	1995-01	$26,974
10	Talpa Community Center Association Inc	Hc 78 Box 10511, Ranchos De Taos, NM 87557	NM	2000-04	$32,942
11	Taos Art Museum	PO BOX 1848, Taos, NM 87571-1848	NM	1992-08	$668,404
12	Taos Art School Inc	PO BOX 2588, Taos, NM 87571-2588	NM	1998-11	$28,751
13	Taos Coalition To End Homelessnessinc	PO BOX 1516, Taos, NM 87571-1516	NM	2006-07	$112,668
14	Tri-County Community Services Inc	105 Paseo Del Canon W Ste A, Taos, NM 87571-6943	NM	1975-11	$3,617,057
15	Taos Entrepreneurial Network	Po Box 421, Taos, NM 87571	NM	2008-06	$41,926
16	Taos Group Home Inc	314 Don Fernando St, Taos, NM 87571-5953	NM	1990-05	$3,879,528
17	Taos Historic Museums Inc	222 Ledoux St, Taos, NM 87571-5944	NM	1959-04	$250,902
18	Technology Ventures Corporation	1155 University Blvd Se, Albuquerque, NM 87106-4320	NM	1996-01	$2,602,426
19	Temple Lodge No 6 Charitable Foundation Inc	3801 Osuna Rd Ne, Albuquerque, NM 87109-4430	NM	1995-05	$12,250
20	Temple Of Mercy Religious Foundation, Northern New Mexico Fine Arts And Crafts Guild	Po Box 8521, Santa Fe, NM 87504	NM	2003-02	$0

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