New Mexico Heart Institute Foundation in Albuquerque, New Mexico (NM)
Table of contents:
| New Mexico Heart Institute Foundation | |
| Employer Identification Number (EIN) | 201443608 |
| Name of Organization | New Mexico Heart Institute Foundation |
| Address | 502 Elm Street Ne, Albuquerque, NM 87102 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2005 |
| 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 | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $54,566 |
| Amount of Income | $161,617 |
| Form 990 Revenue Amount | $161,617 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Corporate Foundations |
Non-representatives - add comments:
Amount of income in 2013: $161,617 (it was $149,580 in 2012)
| This organization: | $161,617 |
| Other organizations performing similar types of work: | $201,048 |
Assets in 2013: $54,566 (it was $50,742 in 2012)
| This organization: | $54,566 |
| Other organizations performing similar types of work: | $54,566 |
Expenses in 2013: $171,291
| New Mexico Heart Institute Foundation: | $171,291 |
| Other organizations performing similar types of work: | $16,334 |
Income to expenses ratio in 2013: 0.9
| This organization: | 0.9 |
| Other organizations performing similar types of work: | 23.1 |
Grants share in income in 2013: 56.4%
| This organization: | 56.4% |
| Other organizations performing similar types of work: | 100.0% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||
| 2012 | 2013 | |
|---|---|---|
| Total revenue | $149,580 | $161,617 |
| Contributions, gifts, grants, and similar amounts received | $75,055 | $91,117 |
| Program service revenue including government fees and contracts | $74,525 | $70,500 |
| Membership dues and assessments | $0 | $0 |
| Investment income | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 |
| Other revenue | $0 | $0 |
| Total expenses | $143,341 | $171,291 |
| Total net assets | $47,680 | $38,006 |
| Excess/Deficit for the year | $6,239 | $-9,674 |
| Net assets or fund balances at beginning of year | $41,441 | $47,680 |
| Other changes in net assets or fund balances | $0 | $0 |
| Net assets or fund balances at end of year | $47,680 | $38,006 |
| Balance Sheets | ||
| 2012 | 2013 | |
|---|---|---|
| Total assets | $50,742 | $54,566 |
| Total liabilities | $3,062 | $16,560 |
| Net assets or fund balances | $47,680 | $38,006 |
| Other Information | ||
| 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 |
| 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 |
| Gross receipts for public use of club facilities | $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 | $573,639 |
| Subtotal | $573,639 |
| Gifts, grants, contributions, and membership fees received | $304,559 |
| 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 | $0 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $269,080 |
| 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 | $573,639 |
| Public support | $573,639 |
| 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 | Grants Plus Inc | 230 W 41st St Fl 7, New York, NY 10036-7207 | NY | 2005-03 | $2,721,243 |
| 2 | Maggie Walker High School Renovation Foundation | 1000 N Lombardy St, Richmond, VA 23220-2204 | VA | 1999-06 | $1,527,827 |
| 3 | Robert Blair Private Foundation | 6117 Saint Andrews Ln, Richmond, VA 23226-3212 | VA | 1999-06 | $201,048 |
| 4 | New Mexico Heart Institute Foundation | 502 Elm Street Ne, Albuquerque, NM 87102 | NM | 2005-04 | $161,617 |
| 5 | Providence Systems Foundation | 6349 Palomar Oaks Ct, Carlsbad, CA 92011-1428 | CA | 2003-10 | $3,000 |
| 6 | Sarah E Forbes Charitable Tr 072198, Forbes Sharah E Ttee | 12420 Warwick Blvd Ste 5b, Newport News, VA 23606-3053 | VA | 1999-01 | $28 |
| 7 | A Dollar For Jesus | 2000 Wadsworth Blvd 150, Lakewood, CO 80214 | CO | 2004-05 | $0 |
| 8 | Adopt-A-Family Foundation | 2201 Cooperative Way, Herndon, VA 20171 | VA | 2007-01 | $0 |
| 9 | Africa Economic Foundation Inc | 7569 Hardy Ave, Rch Cucamonga, CA 91730-7243 | CA | 2004-05 | $0 |
| 10 | Colonels Athletic Booster Club Inc | 326 Yorktown Dr, Paris, KY 40361-1125 | KY | 2007-12 | $0 |
| 11 | Elimu Africa | 6480 Balsam Ln N, Maple Grove, MN 55369-6106 | MN | 2008-03 | $0 |
| 12 | Mercy For Haiti Inc | 42153 Flemming Dr, Chantilly, VA 20152 | VA | 2007-02 | $0 |
| 13 | New Testament Assembly Inc | 32 Union Pl, Irvington, NJ 07111-1727 | NJ | 1998-01 | $0 |
| 14 | The American Lebanese Foundation Inc | PO BOX 450873, Miami, FL 33245 | FL | 2004-09 | $0 |
| 15 | The Starr Family Support Organization Inc | 2 Johnson Ranch Rd, Little Rock, AR 72223-9738 | AR | 2001-04 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||
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| Total | 15 | ||||||||||||||||||||
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