New Mexico Multi-Cultural Foundation Inc in Albuquerque, New Mexico (NM)

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New Mexico Multi-Cultural Foundation Inc
Employer Identification Number (EIN)850476529
Name of OrganizationNew Mexico Multi-Cultural Foundation Inc
In Care of NameJames M Long
Address201 3rd St Nw Ste 1150, Albuquerque, NM 87102-4493
SubsectionCharitable Organization
Ruling Date07/2001
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$29,409
Amount of Income$62,760
Form 990 Revenue Amount$62,400
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Cultural, Ethnic Awareness


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Amount of income in 2013: $62,760
This organization: 

 $62,760
Other organizations performing similar types of work: 

 $43,086

Assets in 2013: $29,409
New Mexico Multi-Cultural Foundation Inc: 

 $29,409
Other organizations performing similar types of work: 

 $17,937

Expenses in 2013: $69,583
New Mexico Multi-Cultural Foundation Inc: 

 $69,583
Other organizations performing similar types of work: 

 $32,859

Income to expenses ratio in 2013: 0.9
New Mexico Multi-Cultural Foundation Inc: 

 0.9
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2006: 47.9%
New Mexico Multi-Cultural Foundation Inc: 

 47.9%
Other organizations performing similar types of work: 

 47.9%

Employees paid over $50,000 in 2006: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 14.9%

Grants share in income in 2013: 0.0%
New Mexico Multi-Cultural Foundation Inc: 

 0.0%
Other organizations performing similar types of work: 

 78.0%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$9,794$6,213$62,400
Contributions, gifts, grants, and similar amounts received$9,794$0$0
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$0$5,833$62,400
Gross income from gaming$0$0$0
Gross income from fundraising events$0$22,725$62,760
Less: direct expenses from gaming and fundraising events$0$16,892$360
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$380$0
Total expenses$19,372$3,975$69,583
Total net assets$34,355$36,592$29,409
Excess/Deficit for the year$-9,578$2,238$-7,183
Net assets or fund balances at beginning of year$43,933$34,354$36,592
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$36,592$29,409
Balance Sheets
201120122013
Total assets$34,355$36,592$29,409
Total liabilities$0$0$0
Net assets or fund balances$34,355$36,592$29,409
Other Information
201120122013
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:An organization that normally receives a substantial part of its support from a governmental unit or from the general public 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$105,598
Subtotal Support$105,598
Gifts, grants, contributions, and membership fees received$105,598
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$105,978
Public Support$105,598
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
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$380
Gross receipts from related activities, etc.$35,058
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200120022003200420052006
Total revenue$44,725$171,111$205,745$156,840$124,553$72,758
Contributions, gifts, grants, and similar amounts received$14,725$341,267$176,345$195,613$112,815$84,642
Contributions to donor advised funds$0
Direct public support$0$341,267$176,345$195,613$112,815$84,642
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0$0
Program service revenue including government fees and contracts$0$0$11,153$2,718$271$0
Membership dues and assessments$0$0$220$0$0$0
Interest on savings and temporary cash investments$0$0$0$0$0$0
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0$0
Net income or (loss) from special events and activities$30,000$-170,156$18,027$-41,491$11,467$-11,884
Gross revenue$30,000$111,072$147,661$81,272$140,062$42,768
Less: direct expenses other than fundraising expenses$0$281,228$129,634$122,763$128,595$54,652
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Total expenses$17,334$147,177$178,637$145,680$117,160$52,555
Program services$0$86,049$95,597$46,691$16,356$25,167
Management and general$0$61,128$83,040$98,989$100,804$27,388
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$27,391$51,164$78,272$89,432$96,825$117,028
Excess or (deficit) for the year$27,391$23,934$27,108$11,160$7,393$20,203
Net assets or fund balances at beginning of year$0$27,391$51,164$78,272$89,432$96,825
Other changes in net assets or fund balances$0$-161$0$0$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$52,555$25,167$27,388$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$21,384$10,692$10,692$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$896$448$448$0
Professional fundraising fees$0$0$0$0
Accounting fees$2,548$0$2,548$0
Legal fees$0$0$0$0
Supplies$7,122$3,561$3,561$0
Telephone$3,182$0$3,182$0
Postage and shipping$196$0$196$0
Occupancy$796$0$796$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$3,633$0$3,633$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$3,823$3,728$95$0
Other expenses not covered above$8,975$6,738$2,237$0
Balance Sheets
200120022003200420052006
Total assets$28,659$52,838$78,272$89,432$96,825$119,828
Cash - non-interest-bearing$0$9,700$27,917$41,197$52,632$79,458
Savings and temporary cash investments$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$50,355$48,235$44,193$40,370
Other assets, including program-related investments$0$43,138$0$0$0$0
Total liabilities$1,268$1,674$0$0$0$2,800
Accounts payable and accrued expenses$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$0$0$0$0$0$2,800
Other liabilities$0$1,674$0$0$0$0
Total liabilities and net assets/fund balances$0$52,838$78,272$89,432$96,825$119,828
Total net assets or fund balances$27,391$51,164$78,272$89,432$96,825$117,028
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200120022003200420052006
Total revenue$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200120022003200420052006
Total expenses$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings3
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-11,884$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$0Income from the sale of merchandise, substantially all of which (at least 85%) was donated to the organization (section 513(a)(3))$-11,884$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200020012002200320042005
Total$0$44,725$171,111$324,226$276,885$252,877
Gifts, grants, and contributions received$0$14,725$341,267$234,027$195,613$112,815
Membership fees received$0$0$0$220$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$30,000$-170,156$89,979$81,272$140,062
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alaska30
Alabama39
Arkansas29
Arizona85
California1,252
Colorado77
Connecticut85
District of Columbia94
Delaware16
Florida360
Georgia151
Hawaii138
Iowa40
Idaho24
Illinois228
Indiana62
Kansas30
Kentucky35
Louisiana69
Massachusetts181
Maryland165
Maine19
Michigan160
Minnesota170
Missouri86
Mississippi13
Montana22
North Carolina137
North Dakota7
Nebraska25
New Hampshire19
New Jersey243
New Mexico62
Nevada49
New York684
Ohio165
Oklahoma49
Oregon121
Pennsylvania214
Rhode Island27
South Carolina56
South Dakota23
Tennessee78
Texas417
Utah53
Virginia178
Vermont14
Washington180
Wisconsin90
West Virginia20
Wyoming11
International17
Total6,599

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