Civic Intelligence

The Heart Gallery of New Mexico Foundation

EIN 20-4468893 • 501(c)3 • Albuquerque, NM

Profile

The foundation was created to raise & manage funds to support the efforts of the heart gallery of new mexico and other related programs & events. An additional purpose is to educate the public and raise awareness of the need for adoptive & foster care families for new mexico's foster children. The foundation promotes private and public partnerships and encourages community efforts to support the foster care system in new mexico.

13170-b Central Ave SE 190Albuquerque, NM 87123

www.heartgallerynmfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.00x

Higher debt load relative to assets than 65% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.01x

Higher debt load relative to revenue than 69% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Net Margin

27th percentile

-4.5%

Higher net margin than 27% of similar nonprofits.

NTEE P • <$500k nonprofits • Source year 2024

Top Officer Pay

96th percentile

$60,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 19.4% of source-year revenue.

NTEE P • <$500k nonprofits • Source year 2024

Asset Growth

40th percentile

-4.8%

Faster asset growth than 40% of similar nonprofits.

NTEE P • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

27%

Faster revenue growth than 70% of similar nonprofits.

NTEE P • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$416,192

Down $34,519 (-7.7%) from 2022

Liabilities

Down

$1,585

Down $1,455 (-48%) from 2022

Net Assets

Down

$414,607

Down $33,064 (-7.4%) from 2022

Revenue

Down

$244,874

Down $34,462 (-12%) from 2022

Expenses

Up

$278,261

Up $91,706 (+49%) from 2022

Net Income

Down

-$33,387

Down $126,168 (-136%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $90,504Liabilities 2011: $8102011Assets 2012: $87,884Liabilities 2012: $810Net Assets 2012: $87,0742012Assets 2013: $161,361Liabilities 2013: $0Net Assets 2013: $161,3612013Assets 2014: $210,065Liabilities 2014: $0Net Assets 2014: $210,0652014Assets 2015: $218,518Liabilities 2015: $0Net Assets 2015: $218,5182015Assets 2016: $232,964Liabilities 2016: $0Net Assets 2016: $232,9642016Assets 2017: $252,427Liabilities 2017: $688Net Assets 2017: $251,7392017Assets 2018: $330,415Liabilities 2018: $562Net Assets 2018: $329,8532018Assets 2019: $337,282Liabilities 2019: $1,408Net Assets 2019: $335,8742019Assets 2020: $277,163Liabilities 2020: $483Net Assets 2020: $276,6802020Assets 2021: $357,977Liabilities 2021: $3,087Net Assets 2021: $354,8902021Assets 2022: $450,711Liabilities 2022: $3,040Net Assets 2022: $447,6712022Assets 2023: $416,192Liabilities 2023: $1,585Net Assets 2023: $414,6072023

Highlighted filing

2023

Assets$416,192
Liabilities$1,585
Net Assets$414,607

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $171,278Expenses 2011: $176,663Net Income 2011: -$5,3852011Revenue 2012: $166,145Expenses 2012: $168,765Net Income 2012: -$2,6202012Revenue 2013: $223,841Expenses 2013: $148,288Net Income 2013: $75,5532013Revenue 2014: $248,044Expenses 2014: $199,340Net Income 2014: $48,7042014Revenue 2015: $246,500Expenses 2015: $238,047Net Income 2015: $8,4532015Revenue 2016: $223,995Expenses 2016: $209,549Net Income 2016: $14,4462016Revenue 2017: $205,443Expenses 2017: $186,668Net Income 2017: $18,7752017Revenue 2018: $244,112Expenses 2018: $165,998Net Income 2018: $78,1142018Revenue 2019: $144,056Expenses 2019: $138,035Net Income 2019: $6,0212019Revenue 2020: $75,560Expenses 2020: $134,754Net Income 2020: -$59,1942020Revenue 2021: $221,846Expenses 2021: $143,636Net Income 2021: $78,2102021Revenue 2022: $279,336Expenses 2022: $186,555Net Income 2022: $92,7812022Revenue 2023: $244,874Expenses 2023: $278,261Net Income 2023: -$33,3872023

Highlighted filing

2023

Revenue$244,874
Expenses$278,261
Net Income-$33,387

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$4.16$0.02$4.15$2.45$2.78$0.33
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.03$4.48$2.79$1.87$0.93
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.58$0.03$3.55$2.22$1.44$0.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.77$0.00$2.77$0.76$1.35$0.59
2019Detailed filing. Detailed filing data is available for this year.$3.37$0.01$3.36$1.44$1.38$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.30$0.01$3.30$2.44$1.66$0.78
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.52$0.01$2.52$2.05$1.87$0.19
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.00$2.33$2.24$2.10$0.14
2015Detailed filing. Detailed filing data is available for this year.$2.19$0.00$2.19$2.47$2.38$0.08
2014Detailed filing. Detailed filing data is available for this year.$2.10$0.00$2.10$2.48$1.99$0.49
2013Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$2.24$1.48$0.76
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.01$0.87$1.66$1.69$0.03
2011Summary only. Only limited summary data is available for this year.$0.91$0.01$1.71$1.77$0.05
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2019 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 4, 2020
Return Version
2019v5.0
Gross Receipts
$154,004
Mission and Program Overview

Mission

The foundation was created to raise & manage funds to support the efforts of the heart gallery of new mexico and other related programs & events. An additional purpose is to educate the public and raise awareness of the need for adoptive & foster care families for new mexico's foster children. The foundation promotes private and public partnerships and encourages community efforts to support the foster care system in new mexico.

The foundation was created to raise & manage funds to support the efforts of the heart gallery of new mexico and other related programs & events. An additional purpose is to educate the public and raise awareness of the need for adoptive & foster care families for new foster child support.

Program Services

DescriptionGrantsExpenses
FOSTER CHILD SUPPORT: THIS PROGRAM PROMOTES A SAFE AND PRODUCTIVE TRANSITION TO INDEPENDENT LIVING FOR YOUTH WHO "AGE OUT" OF THE FOSTER CARE SYSTEM AT 18-21. THE ORGANIZATION HELPS THEM ACCESS EDUCATION, EMPLOYMENT AND LIFE SKILLS, AND MENTORING TO ENSURE A SUSTAINABLE FUTURE. ALSO, THE ORGANIZATION HELPS TEENS, PRE-TEENS, SIBLING GROUPS AND MILDLY DISABLED FOSTER CHILDREN RECEIVE OPPORTUNITIES AND SERVICES FOR PERSONAL GROWTH, AS WELL AS IMPROVED MENTAL & PHYSICAL HEALTH, BY PROVIDING ASSISTANCE IN THE FORM OF HOUSING SUPPORT, EDUCATIONAL SUPPORT, DRIVER'S EDUCATION, COOKING CLASSES, ETC.$19,442$49,794
HEART GALLERY EVENTS: SUPPORTING NEW MEXICO CYFD WITH THEIR ADOPTION AND FOSTER PARENTS EVENTS WITH THE GOALS OF 1) MATCHING FOSTER CHILDREN RELEASED FOR ADOPTION AND CYFD- APPROVED ADOPTIVE PARENTS WITH THE HOPE OF FINDING THAT SPECIAL ATTACHMENT;2) OFFERING A UNIQUE SOCIAL OPPORTUNITY FOR FOSTER CHILDREN; 3) THANKING CURRENT FOSTER PARENTS; AND 4) PROVIDING SIBLINGS WHO ARE LIVING APART AN OPPORTUNITY TO SPEND A DAY TOGETHER.-$26,482
HEART GALLERY EXHIBITIONS: THESE EXHIBITIONS ARE TO ASSURE AN INCREASE IN "HARD TO PLACE" ADOPTIONS BY ASSISTING THE NEW MEXICO CHILDREN, YOUTH AND FAMILIES DEPARTMENT. THESE EXHIBITIONS DISPLAY PORTRAITS OF FOSTER-CHILDREN TAKEN BY NEW MEXICAN PHOTOGRAPHERS AS A CREATIVE WAY TO ENCOURAGE ADOPTION. HEART GALLERIES ARE PLACED IN PUBLIC PLACES THROUGHOUT NEW MEXICO.-$7,750
GENERAL PROGRAMS & PUBLIC AWARENESS: THIS PROGRAM STRIVES TO 1) ADVANCE PUBLIC AWARENESS AND ENCOURAGE ADOPTION AND FOSTER PARENTING; 2) CONVEY THE REALITY OF LIFE AS A FOSTER CHILD; AND 3) DISSOLVE THE MYTHS AND FEARS OF ADOPTION BY USING POSITIVE ROLE MODELS OF SUCCESS AND RELAYING LIFE CHANGING POSITIVE OPPORTUNITIES.-$5,078
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
CANDACE GOULDExecutive DiFT$36,000-$36,000
GERALD PETERSPresident-$0--
MARJORI KREBSVice Preside-$0--
CATHY MCCORKLETreasurer-$0--
ANGELA R ROMEROSecretary-$0--
JEFFREY BRANCHDirector-$0--
MICHELLE BRANCHDirector-$0--
STEPHANIE GATLINDirector-$0--
VINCENT GATLINDirector-$0--
PAUL KREBSDirector-$0--
SUSAN F DARNELLDirector-$0--
SHERMAN MCCORKLEDirector-$0--
GEORGE MUNOZDirector-$0--
JACQUELYN REEVEDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Event$95,339$76,226$243$75,983
Total Events$95,339$76,226$9,948$66,278
Filing and Contact Details

Filer

Filer Name
Heart Gallery of New Mexico
EIN
20-4468893
Phone
5052697711
Address
13170-B CENTRAL AVE SE 190, ALBUQUERQUE, NM 87123

Signing Officer

Name
Cathy Mccorkle
Title
Treasurer
Phone
5052697711
Signed
2020-06-04
Discuss with paid preparer
Yes

Preparer

Firm
Reynolds Hix & Co Pa
Address
6729 ACADEMY RDNE STE D, ALBUQUERQUE, NM 87109
Preparer
Jason C Hix
Phone
5058282900
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Cash contribution: 12,442 cash contribution: 7,000

Form 990-ez, Part I, Line 16

Gala event office 382 expenses website 681 office expenses 2,310 insurance 860 portrait exhibit exps 7,750 foster programs exp 30,352 hg/cyfd sponsored event 314 total 42,649

Form 990-ez, Part II, Line 26

Credit card payable 562 1,408

Form 990-ez, Part III

The foundation was created to raise & manage funds to support the efforts of the heart gallery of new mexico and other related programs & events. An additional purpose is to educate the public and raise awareness of the need for adoptive & foster care families for new foster child support.

Form 990-ez, Part III, Line 28

Foster child support: this program promotes a safe and productive transition to independent living for youth who "age out" of the foster care system at 18-21. The organization helps them access education, employment and life skills, and mentoring to ensure a sustainable future. Also, the organization helps teens, pre-teens, sibling groups and mildly disabled foster children receive opportunities and services for personal growth, as well as improved mental & physical health, by providing assistance in the form of housing support, educational support, driver's education, cooking classes, etc.

Form 990-ez, Part III, Line 29

Heart gallery exhibitions: these exhibitions are to assure an increase in "hard to place" adoptions by assisting the new mexico children, youth and families department. These exhibitions display portraits of foster-children taken by new mexican photographers as a creative way to encourage adoption. Heart galleries are placed in public places throughout new mexico.

Form 990-ez, Part III, Line 30

General programs & public awareness: this program strives to 1) advance public awareness and encourage adoption and foster parenting; 2) convey the reality of life as a foster child; and 3) dissolve the myths and fears of adoption by using positive role models of success and relaying life changing positive opportunities.

Form 990-ez, Part III, Line 31

Heart gallery events: supporting new mexico cyfd with their adoption and foster parents events with the goals of 1) matching foster children released for adoption and cyfd- approved adoptive parents with the hope of finding that special attachment;2) offering a unique social opportunity for foster children; 3) thanking current foster parents; and 4) providing siblings who are living apart an opportunity to spend a day together.

Raw XML Appendix262 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1HEART GALLERY EXHIBITIONS: THESE EXHIBITIONS ARE TO ASSURE AN INCREASE IN "HARD TO PLACE" ADOPTIONS BY ASSISTING THE NEW MEXICO CHILDREN, YOUTH AND FAMILIES DEPARTMENT. THESE EXHIBITIONS DISPLAY PORTRAITS OF FOSTER-CHILDREN TAKEN BY NEW MEXICAN PHOTOGRAPHERS AS A CREATIVE WAY TO ENCOURAGE ADOPTION. HEART GALLERIES ARE PLACED IN PUBLIC PLACES THROUGHOUT NEW MEXICO.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CASH CONTRIBUTION: 12,442 CASH CONTRIBUTION: 7,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GALA EVENT OFFICE 382 EXPENSES WEBSITE 681 OFFICE EXPENSES 2,310 INSURANCE 860 PORTRAIT EXHIBIT EXPS 7,750 FOSTER PROGRAMS EXP 30,352 HG/CYFD SPONSORED EVENT 314 TOTAL 42,649
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CREDIT CARD PAYABLE 562 1,408
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION WAS CREATED TO RAISE & MANAGE FUNDS TO SUPPORT THE EFFORTS OF THE HEART GALLERY OF NEW MEXICO AND OTHER RELATED PROGRAMS & EVENTS. AN ADDITIONAL PURPOSE IS TO EDUCATE THE PUBLIC AND RAISE AWARENESS OF THE NEED FOR ADOPTIVE & FOSTER CARE FAMILIES FOR NEW FOSTER CHILD SUPPORT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FOSTER CHILD SUPPORT: THIS PROGRAM PROMOTES A SAFE AND PRODUCTIVE TRANSITION TO INDEPENDENT LIVING FOR YOUTH WHO "AGE OUT" OF THE FOSTER CARE SYSTEM AT 18-21. THE ORGANIZATION HELPS THEM ACCESS EDUCATION, EMPLOYMENT AND LIFE SKILLS, AND MENTORING TO ENSURE A SUSTAINABLE FUTURE. ALSO, THE ORGANIZATION HELPS TEENS, PRE-TEENS, SIBLING GROUPS AND MILDLY DISABLED FOSTER CHILDREN RECEIVE OPPORTUNITIES AND SERVICES FOR PERSONAL GROWTH, AS WELL AS IMPROVED MENTAL & PHYSICAL HEALTH, BY PROVIDING ASSISTANCE IN THE FORM OF HOUSING SUPPORT, EDUCATIONAL SUPPORT, DRIVER'S EDUCATION, COOKING CLASSES, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HEART GALLERY EXHIBITIONS: THESE EXHIBITIONS ARE TO ASSURE AN INCREASE IN "HARD TO PLACE" ADOPTIONS BY ASSISTING THE NEW MEXICO CHILDREN, YOUTH AND FAMILIES DEPARTMENT. THESE EXHIBITIONS DISPLAY PORTRAITS OF FOSTER-CHILDREN TAKEN BY NEW MEXICAN PHOTOGRAPHERS AS A CREATIVE WAY TO ENCOURAGE ADOPTION. HEART GALLERIES ARE PLACED IN PUBLIC PLACES THROUGHOUT NEW MEXICO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GENERAL PROGRAMS & PUBLIC AWARENESS: THIS PROGRAM STRIVES TO 1) ADVANCE PUBLIC AWARENESS AND ENCOURAGE ADOPTION AND FOSTER PARENTING; 2) CONVEY THE REALITY OF LIFE AS A FOSTER CHILD; AND 3) DISSOLVE THE MYTHS AND FEARS OF ADOPTION BY USING POSITIVE ROLE MODELS OF SUCCESS AND RELAYING LIFE CHANGING POSITIVE OPPORTUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7HEART GALLERY EVENTS: SUPPORTING NEW MEXICO CYFD WITH THEIR ADOPTION AND FOSTER PARENTS EVENTS WITH THE GOALS OF 1) MATCHING FOSTER CHILDREN RELEASED FOR ADOPTION AND CYFD- APPROVED ADOPTIVE PARENTS WITH THE HOPE OF FINDING THAT SPECIAL ATTACHMENT;2) OFFERING A UNIQUE SOCIAL OPPORTUNITY FOR FOSTER CHILDREN; 3) THANKING CURRENT FOSTER PARENTS; AND 4) PROVIDING SIBLINGS WHO ARE LIVING APART AN OPPORTUNITY TO SPEND A DAY TOGETHER.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 30
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART III, LINE 31
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