Amado And J B Pena Art Has Heart Foundation in Albuquerque, New Mexico (NM)
Table of contents:
| Amado And J B Pena Art Has Heart Foundation | |
| Employer Identification Number (EIN) | 742734531 |
| Name of Organization | Amado And J B Pena Art Has Heart Foundation |
| In Care of Name | Mike Devault |
| Address | PO BOX 87045, Albuquerque, NM 87187 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Scholarships (other) |
| Subsection | Charitable Organization |
| Ruling Date | 09/1995 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1 to $9,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $4,517 |
| Amount of Income | $46,609 |
| Form 990 Revenue Amount | $35,991 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $46,609 (it was $80,502 in 2012)
| This organization: | $46,609 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $4,517 (it was $2,991 in 2012)
| This organization: | $4,517 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2013: $29,465
| Amado And J B Pena Art Has Heart Foundation: | $29,465 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2013: 1.6
| Amado And J B Pena Art Has Heart Foundation: | 1.6 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2013: 60.5%
| This organization: | 60.5% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $47,963 | $56,884 | $35,991 |
| Contributions, gifts, grants, and similar amounts received | $4,815 | $23,117 | $21,790 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| 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 | $43,148 | $33,767 | $14,201 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $66,662 | $57,385 | $24,819 |
| Less: direct expenses from gaming and fundraising events | $23,514 | $23,618 | $10,618 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $53,512 | $57,897 | $29,465 |
| Total net assets | $5,288 | $2,991 | $4,517 |
| Excess/Deficit for the year | $-5,549 | $-1,013 | $6,526 |
| Net assets or fund balances at beginning of year | $9,937 | $4,004 | $-5,009 |
| Other changes in net assets or fund balances | $900 | $0 | $3,000 |
| Net assets or fund balances at end of year | $2,991 | $13,538 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $5,288 | $2,991 | $4,517 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $5,288 | $2,991 | $4,517 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| 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? | No | No | |
| 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? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| 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 supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $302,361 |
| Subtotal | $302,761 |
| Gifts, grants, contributions, and membership fees received | $80,367 |
| 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 | $222,394 |
| 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 |
| Less | $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 | $302,361 |
| Public support | $302,361 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| 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 | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | Sparx Lorenzo Antonio Foundation | PO BOX 36389, Albuquerque, NM 87176-6389 | NM | 2003-05 | $247,446 |
| 5 | Rotary Club Of Santa Fe Foundation Inc | PO BOX 2465, Santa Fe, NM 87504-2465 | NM | 2006-07 | $184,814 |
| 6 | Workers Compensation Association Of New Mexico Foundation | 3207 Matthew Ave Ne, Albuquerque, NM 87107-1951 | NM | 2011-07 | $124,244 |
| 7 | Step Up Childcare Inc | 734 State Highway 217 S, Tijeras, NM 87059-7811 | NM | 2003-07 | $117,218 |
| 8 | Society Of Vacuum Coaters Foundation Inc | PO BOX 10202, Albuquerque, NM 87184-0202 | NM | 2002-09 | $113,905 |
| 9 | Robert L Holmes Memorial Basketball Scholarship Fund | 2418 E Historic Hwy Suite 222, Gallup, NM 87301 | NM | 2012-04 | $100,000 |
| 10 | Northeastern New Mexico Medical Community Foundation Inc | Po Box 1197, Raton, NM 87740 | NM | 2010-05 | $95,374 |
| 11 | United Dairy Women | 137 Sandzen Dr, Clovis, NM 88101-2315 | NM | 2006-09 | $92,845 |
| 12 | Nina Elizabeth Nilssen Scholarship Fund | Po Box 3318, Taos, NM 87571 | NM | 2012-05 | $89,413 |
| 13 | Santa Fe Womans Club And Library Association | 1616 Old Pecos Trl, Santa Fe, NM 87505-4815 | NM | 2001-04 | $66,353 |
| 14 | Sass Scholarship Foundation Inc | 215 Cowboy Way, Edgewood, NM 87015-9616 | NM | 2001-01 | $47,965 |
| 15 | Special Events Resource Group Inc | 201 Oak Grove Pl, Ruidoso, NM 88345-9457 | NM | 1999-10 | $46,000 |
| 16 | Ray Of Hope Corporation | PO BOX 12710, Albuquerque, NM 87195-0710 | NM | 2011-03 | $20,958 |
| 17 | C&d Scholarships Inc | 2903 San Mateo Blvd Ne, Albuquerque, NM 87110-3169 | NM | 2010-09 | $18,570 |
| 18 | Falcon Fest, Falcon Fest Of Loving New Mexico Inc | Po Box 374, Loving, NM 88256 | NM | 2012-06 | $17,375 |
| 19 | New Mexico Chapter Of The Order Of Ahepa 501 Inc | 1102 Washington St Ne, Albuquerque, NM 87110-6256 | NM | 2013-02 | $15,259 |
| 20 | New Mexico Envirothon Inc | 6200 Jefferson Ne Rm 125, Albuquerque, NM 87109 | NM | 2012-07 | $13,163 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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