Overview
What is New Mexico Philharmonic Foundation Inc?
The New Mexico Philharmonic Foundation Inc, based in Albuquerque, New Mexico, serves as a financial support system for the New Mexico Philharmonic Inc. Their primary role is to manage endowment funds and other resources, ensuring the philharmonic orchestra can continue providing high-quality classical music, education, enjoyment, cultural enrichment, and supplemental services to New Mexico's residents. The foundation aims to provide long-term, dedicated funding to the philharmonic, ensuring stability, growth, and permanence through a transparent and secure fiduciary instrument, giving donors and trustees direct control over their support. The organization's activities include using private funds for charitable purposes, with a focus on long-term funding for the New Mexico Philharmonic and related projects benefiting the foundation.
Official website here: www.nmphilfoundation.org
Is New Mexico Philharmonic Foundation Inc legitimate?
New Mexico Philharmonic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Philharmonic Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.nmphilfoundation.org
What is the mission statement of New Mexico Philharmonic Foundation Inc?
The New Mexico Philharmonic Foundation aims to provide long-term, dedicated funding for the New Mexico Philharmonic, Inc. This funding is intended to establish stability, foster growth, and ensure permanence for the orchestra. The foundation achieves this goal by utilizing a transparent and secure fiduciary instrument, giving donors and trustees direct control over their support. The organization's charitable purposes, as per Section 501(C)(3), primarily focus on providing a vehicle for long-term funding for the New Mexico Philharmonic, Inc., and carrying out programs or activities related to this cause, ultimately benefiting the New Mexico Philharmonic Foundation. The board of directors has the discretion to engage in other incidental activities.
Official website here: www.nmphilfoundation.org
Who is the CEO of New Mexico Philharmonic Foundation Inc?
Stephen S Baca is the President of New Mexico Philharmonic Foundation Inc.
Official website here: www.nmphilfoundation.org
What is the revenue of New Mexico Philharmonic Foundation Inc?
New Mexico Philharmonic Foundation Inc's revenue in 2022 was $48,545.
Official website here: www.nmphilfoundation.org
Who are the executives of New Mexico Philharmonic Foundation Inc and what are their salaries?
There 7 volunteers at New Mexico Philharmonic Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.nmphilfoundation.org
Where can I find the form 990 for New Mexico Philharmonic Foundation Inc?
New Mexico Philharmonic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nmphilfoundation.org
Learn more at the official website: www.nmphilfoundation.org
Mission Statement of New Mexico Philharmonic Foundation Inc
The New Mexico Philharmonic Foundation Inc is dedicated to providing sustainable funding for the New Mexico Philharmonic, a nonprofit organization. This funding aims to establish long-term stability, future growth, and permanence for the philharmonic. The foundation achieves this goal through a transparent and secure fiduciary instrument that allows donors and trustees to have direct control over their support. The New Mexico Philharmonic Foundation Inc is organized with the primary purpose of using private funds exclusively for charitable purposes, as defined by Section 501(c)(3). Beyond this, the foundation focuses on specific projects and activities that benefit the New Mexico Philharmonic, including providing a vehicle for long-term funding and carrying out programs or activities related to the philharmonic's growth and promotion. The board of directors has the discretion to perform other incidental activities that further support the foundation's mission.
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Impact
October, 2024
The New Mexico Philharmonic Foundation Inc plays a crucial role in sustaining and enhancing the cultural landscape of New Mexico through its dedicated funding initiatives for the New Mexico Philharmonic. By providing long-term financial stability, the Foundation enables the Philharmonic to consistently deliver high-quality classical music performances and educational programs that enrich the community.
Through transparent and controlled funding mechanisms, the Foundation assures donors that their contributions are securely managed and directly benefit the artistic and educational endeavors of the Philharmonic. This commitment not only fosters a vibrant musical environment but also promotes cultural enrichment for residents and visitors alike.
Moreover, the Foundation’s focus on preserving and growing its endowment funds ensures the longevity of its support, allowing for continued investment in innovative programs and outreach activities. This places a significant emphasis on extending the reach of classical music education to various segments of the community, ultimately enhancing the overall quality of life in New Mexico through the arts.
This information is meant to be a general summary of New Mexico Philharmonic Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$91,380
- Gross Receipts: $1,799,955
Assets and Liabilities:
- Total Assets: $2,062,281
- Total Liabilities: $0
- Net Assets: $2,062,281
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Organization Details
Founding Year
2017
Phone
(505) 404-9808Principal Officer
Stephen S Baca
Main Address
PO BOX 16422, ALBUQUERQUE, NM, 87191
Website
www.nmphilfoundation.orgNTEE Category
Code: A11 - Arts
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