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

New Mexico Press Association Foundation Inc
Employer Identification Number (EIN)	850364475
Name of Organization	New Mexico Press Association Foundation Inc
Address	PO BOX 95198, Albuquerque, NM 87199-5198
Activities	Scholarships (other)
Subsection	Charitable Organization
Ruling Date	10/1988
Deductibility	Contributions are deductible
Foundation	Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	10/2014
Assets	$25,000 to $99,999
Income	$1 to $9,999
Filing Requirement	990 - 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

	2011	2012	2013
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

	2011	2012	2013
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

	2011	2012	2013
Other Information
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:	A community trust described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
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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