Civic Intelligence

516 Arts

990 • Fiscal year 2017 • EIN 20-8540744

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 03, 2018

Organization ProfileWWW.516ARTS.ORG
516 Central Ave SWAlbuquerque, NM 87102

(505) 242-1445

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

73rd percentile

0.20x

Higher debt load relative to assets than 73% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

46th percentile

0.04x

Higher debt load relative to revenue than 46% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Net Margin

43rd percentile

0.9%

Higher net margin than 43% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

82nd percentile

$75,164

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 15.2% of source-year revenue.

2017 filings • NTEE A • $500k-$1M nonprofits • Source year 2017

Asset Growth

3rd percentile

-47%

Faster asset growth than 3% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

-0.0%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Down

$91,982

Down $81,700 (-47%) from 2016

Net Assets

Up

$73,705

Up $7,922 (+12%) from 2016

Liabilities

Down

$18,277

Down $89,622 (-83%) from 2016

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin43rd percentile

Revenue

Down

$494,750

Down $233 (-0.0%) from 2016

Expenses

Up

$490,328

Up $41,400 (+9.2%) from 2016

Net Income

Down

$4,422

Down $41,633 (-90%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth3rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $23,312Liabilities 2010: $11,519Net Assets 2010: $11,7932010Assets 2011: $50,729Liabilities 2011: $5,831Net Assets 2011: $44,8982011Assets 2012: $127,247Liabilities 2012: $7,142Net Assets 2012: $120,1052012Assets 2013: $14,498Liabilities 2013: $3,039Net Assets 2013: $11,4592013Assets 2014: $19,939Liabilities 2014: $13,168Net Assets 2014: $6,7712014Assets 2015: $26,647Liabilities 2015: $6,214Net Assets 2015: $20,4332015Assets 2016: $173,682Liabilities 2016: $107,899Net Assets 2016: $65,7832016Assets 2017: $91,982Liabilities 2017: $18,277Net Assets 2017: $73,7052017Assets 2018: $212,390Liabilities 2018: $9,374Net Assets 2018: $203,0162018Assets 2019: $228,012Liabilities 2019: $3,401Net Assets 2019: $224,6112019Assets 2020: $1,413,383Liabilities 2020: $187,363Net Assets 2020: $1,226,0202020Assets 2021: $1,783,714Liabilities 2021: $341,469Net Assets 2021: $1,442,2452021Assets 2022: $1,864,521Liabilities 2022: $172,851Net Assets 2022: $1,691,6702022Assets 2023: $1,687,464Liabilities 2023: $176,490Net Assets 2023: $1,510,9742023Assets 2024: $1,350,672Liabilities 2024: $183,299Net Assets 2024: $1,167,3732024

Highlighted filing

2017

Assets$91,982
Liabilities$18,277
Net Assets$73,705
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $452,9572010Expenses 2011: $362,6942011Revenue 2012: $1,389,070Expenses 2012: $1,313,863Net Income 2012: $75,2072012Revenue 2013: $402,556Expenses 2013: $511,202Net Income 2013: -$108,6462013Revenue 2014: $532,967Expenses 2014: $537,655Net Income 2014: -$4,6882014Revenue 2015: $464,713Expenses 2015: $451,051Net Income 2015: $13,6622015Revenue 2016: $494,983Expenses 2016: $448,928Net Income 2016: $46,0552016Revenue 2017: $494,750Expenses 2017: $490,328Net Income 2017: $4,4222017Revenue 2018: $704,106Expenses 2018: $574,797Net Income 2018: $129,3092018Revenue 2019: $573,341Expenses 2019: $551,746Net Income 2019: $21,5952019Revenue 2020: $1,678,157Expenses 2020: $676,748Net Income 2020: $1,001,4092020Revenue 2021: $779,357Expenses 2021: $563,132Net Income 2021: $216,2252021Revenue 2022: $972,926Expenses 2022: $723,501Net Income 2022: $249,4252022Revenue 2023: $535,013Expenses 2023: $715,709Net Income 2023: -$180,6962023Revenue 2024: $383,975Expenses 2024: $727,576Net Income 2024: -$343,6012024

Highlighted filing

2017

Revenue$494,750
Expenses$490,328
Net Income$4,422
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 3, 2018
Return Version
2017v2.3
Gross Receipts
$513,127
Mission and Program Overview

Mission

The mission of 516 ARTS is to forge connections between art and audiences and our vision is to be an active partner in developing the cultural landscape of Albuquerque and New Mexico. Our values are inquiry, diversity, collaboration and accessibility. 516 ARTS offers programs that inspire curiosity, dialogue, risk-taking and creative experimentation, showcasing a mix of established, emerging, local, national and international artist from a variety of cultural backgrounds.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$173,682$56,322▼ $117,360
Pledges and Grants Receivable-$33,652-
Land, Buildings, and Equipment, Net-$2,008-
Total Assets$173,682$91,982▼ $81,700
Liabilities
Deferred Revenue$100,000--
Accounts Payable and Accrued Expenses$7,899$18,277▲ $10,378
Total Liabilities$107,899$18,277▼ $89,622
Net Assets / Fund Balance
Unrestricted Net Assets$65,783$73,705▲ $7,922
Total Net Assets Fund Balance$65,783$73,705▲ $7,922
Total Liabilities and Net Assets / Fund Balance$173,682$91,982▼ $81,700

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,008$7,026$9,034
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne SbargePresidentPT$69,414$5,750$75,164

Board Members and Trustees

NameTitle
Danny LopezChair
Kymberly PinderDirector
Mark RohdeDirector
Sommer SmithDirector
Tonya Turner CarrollDirector
Tim PriceSecretary
Joshua EdwardsTreasurer
Hakim BellamyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$478,898
Program Service Revenue
$4,611
Investment Income
$0
Other Revenue
$11,241
All Other Contributions
$437,796
Change in Net Assets
$4,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$511,977
Revenue Not Reported on Financial Statements
$-17,227
Revenue Not Reported on Form 990
$138,361
Other Revenue Adjustments
$-17,227
Total Revenue per Audited Statements
$650,338
Total Revenue per Form 990
$494,750
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$220,271
Salaries, Compensation, and Employee Benefits$194,856
Grants and Similar Amounts Paid$60,000
Total Fundraising Expense$26,665
Professional Fundraising Fees$15,201

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$76,497$22,439$3,060$101,996
Current Officers, Directors, Trustees, and Key Employees$52,060$13,883$3,471$69,414
Grants to Domestic Individuals$60,000--$60,000
Fees for Services Other-$33,403-$33,403
Occupancy$21,484$7,161-$28,645
Travel$14,567$2,357-$16,924
Fees for Services Accounting-$16,135-$16,135
Fees for Services Professional Fundraising--$15,201$15,201
Office Expenses-$12,283$2,388$14,671
Payroll Taxes$8,642$2,455$426$11,523
Other Employee Benefits$7,158$2,033$353$9,544
Insurance-$9,095-$9,095
Advertising$8,933--$8,933
All Other Expenses$3,164$3,186$1,128$7,478
Other Expenses$15,616$4,925-$4,925
Pension Plan Contributions$1,784$507$88$2,379
Information Technology$551$550$550$1,651
Total Functional Expenses$333,251$130,412$26,665$490,328

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$642,416
Total Expenses per Form 990$490,328
Expenses per Audited Statements$485,678
Expenses Not Reported on Form 990$156,738
Expenses Not Reported on Financial Statements$4,650
Other Expense Adjustments$4,650
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$29,347
Fundraising Direct Expenses$18,377
Professional Fundraising Fees$15,201

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Studio Sale$21,854$21,854$16,185$5,669
Total Events$21,854$21,854$16,185$5,669
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the organization's bookkeeper, president and treasurer prior to filing. It is also available to the board for review prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Compliance with the conflict of interest policy is maintained informally through board involvement and oversight.”

Form 990, Page 6, Part VI, Line 15A

“At the time of hire an analysis was performed, which took into consideration compensation in the local community for comparable positions. The budget, including salaries, is approved by the board annually.”

Form 990, Page 6, Part VI, Line 15B

“Other than the president all officers are volunteers. There are no employees who meet the definition of "key employee."”

Form 990, Page 6, Part VI, Line 19

“Governing documents and irs filings are available from the organization upon request, for a reasonable copying fee. The organization's governing documents, irs determination letter, annual irs information filing and annual new mexico report are also available on the new mexico attorney general's charitable organization registration online system (coros) at https://secure.nmag.gov/charitysearch/. Recent years' forms 990 are available on guidestar.org.”

Filing and Contact Details

Filer

Filer Name
516 Arts
EIN
20-8540744
Phone
5052421445
Address
516 CENTRAL AVE SW, ALBUQUERQUE, NM 87102

Signing Officer

Name
Suzanne Sbarge
Title
President
Phone
5052421445
Signed
2018-07-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Suzanne Sbarge
Formed
2006
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
8
Employees
8
Volunteers
50

Preparer

Firm
Schlenker & Cantwell Pa
Address
8401 CONSTITUTION AVE NE STE 100, ALBUQUERQUE, NM 87110
Preparer
Kenyon R Schlenker
Phone
5052753915
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of 516 arts is to forge connections between art and audiences and our vision is to be an active partner in developing the cultural landscape of albuquerque and new mexico. Our values are inquiry, diversity, collaboration and accessibility. 516 arts offers programs that inspire curiosity, dialogue, risk-taking and creative experimentation, showcasing a mix of established, emerging, local, national and international artist from a variety of cultural backgrounds.”

Form 990, Page 2, Part III, Line 4A

“To these populations through varied program themes, partnerships with arts and community organizations, targeted marketing, free admission and outreach programs around each exhibition.”

Form 990, Part XI, Line 9

“Event expenses 18,377 fundraising expenses reported net -1,150 event expenses -18,377 fundraising expenses reported net 1,150 grants 3,500 total 3,500”

Financial Statement Notes

Schedule D, Page 3, Part X

“The organization is exempt from income tax under section 501(c)(3) of the u. S. Internal revenue code (irc). In addition, the organization qualifies for charitable contribution deductions under irc section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under irc section 509(a)(2). The organization is also exempt from new mexico state income tax under 1978 new mexico statutes chapter 7, section 2-4(b). The organization has adopted accounting principles generally accepted in the united states of america as they relate to uncertain tax positions and has evaluated its tax positions taken for all open tax years. Currently, the 2014, 2015 and 2016 tax years are open and subject to examination by the internal revenue service and new mexico taxation and revenue department. However, the organization is not currently under audit nor has the organization been contacted by any of these jurisdictions. Management believes that the activities of the organization is within its tax-exempt purpose, and that there are no uncertain tax positions.”

Schedule D, Page 4, Part XI, Line 4B

“Event expenses -18,377 fundraising expenses reported net 1,150”

Schedule D, Page 4, Part XII, Line 2D

“EVENT EXPENSES 18,377”

Schedule D, Page 4, Part XII, Line 4B

“Fundraising expenses reported net 1,150 grants 3,500”

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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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IRS990/MissionDesc0THE MISSION OF 516 ARTS IS TO FORGE CONNECTIONS BETWEEN ART AND AUDIENCES AND OUR VISION IS TO BE AN ACTIVE PARTNER IN DEVELOPING THE CULTURAL LANDSCAPE OF ALBUQUERQUE AND NEW MEXICO. OUR VALUES ARE INQUIRY, DIVERSITY, COLLABORATION AND ACCESSIBILITY. 516 ARTS OFFERS PROGRAMS THAT INSPIRE CURIOSITY, DIALOGUE, RISK-TAKING AND CREATIVE EXPERIMENTATION, SHOWCASING A MIX OF ESTABLISHED, EMERGING, LOCAL, NATIONAL AND INTERNATIONAL ARTIST FROM A VARIETY OF CULTURAL BACKGROUNDS.
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IRS990/OtherExpensesGrp/Desc0ARTISTS
IRS990/OtherExpensesGrp/Desc1EXHIBIT INSTALLATION
IRS990/OtherExpensesGrp/Desc2PRINTING & PUBLICATIONS -
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04925
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IRS990/PayrollTaxesGrp/TotalAmt011523
IRS990/PensionPlanContributionsGrp/FundraisingAmt088
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IRS990/PrincipalOfficerNm0SUZANNE SBARGE
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IRS990/ProgramServiceRevenueGrp/Desc0EVENT REGISTRATION
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE FULCRUM FUND AIMS TO FOSTER THE DEVELOPMENT AND PRESENTATION OF ARTIST-LED PROJECTS AND PROGRAMS THAT ARE OPEN AND ACCESSIBLE TO THE PUBLIC. IN ACCORDANCE WITH THE MISSION OF 516 ARTS TO FORGE CONNECTIONS BETWEEN ART AND AUDIENCES, THE FULCRUM FUND SEEKS TO SUPPORT ARTISTS AND PROJECTS THAT GENERATE MEANINGFUL SHARED EXPERIENCES THAT ARE CREATED IN A COLLABORATIVE SPIRIT. THESE AWARDS SERVE AS SPRINGBOARDS FOR ARTISTIC PROCESSES THAT ARE ADVENTUROUS, EXPERIMENTAL AND FORWARD THINKING, WHILE CELEBRATING PROJECTS THAT DO NOT FIT INTO THE TRADITIONAL MUSEUM AND GALLERY SYSTEMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt062231
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IRS990/RentalIncomeOrLossGrp/RealAmt096
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0513127
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0517164
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0464713
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0532967
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0402556
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02430527
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0138361
IRS990ScheduleD/DonatedServicesUseFcltsAmt0138361
IRS990ScheduleD/EquipmentGrp/BookValueAmt02008
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07026
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09034
IRS990ScheduleD/ExpensesNotReportedAmt0156738
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04650
IRS990ScheduleD/ExpensesSubtotalAmt0485678
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherExpensesNotIncludedAmt04650
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-17227
IRS990ScheduleD/RevenueNotReportedAmt0138361
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-17227
IRS990ScheduleD/RevenueSubtotalAmt0511977
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U. S. INTERNAL REVENUE CODE (IRC). IN ADDITION, THE ORGANIZATION QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS UNDER IRC SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER IRC SECTION 509(A)(2). THE ORGANIZATION IS ALSO EXEMPT FROM NEW MEXICO STATE INCOME TAX UNDER 1978 NEW MEXICO STATUTES CHAPTER 7, SECTION 2-4(B). THE ORGANIZATION HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AS THEY RELATE TO UNCERTAIN TAX POSITIONS AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. CURRENTLY, THE 2014, 2015 AND 2016 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND NEW MEXICO TAXATION AND REVENUE DEPARTMENT. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF THE ORGANIZATION IS WITHIN ITS TAX-EXEMPT PURPOSE, AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EVENT EXPENSES -18,377 FUNDRAISING EXPENSES REPORTED NET 1,150
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2EVENT EXPENSES 18,377
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3FUNDRAISING EXPENSES REPORTED NET 1,150 GRANTS 3,500
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt0490328
IRS990ScheduleD/TotalRevenuePerForm990Amt0494750
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0650338
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0642416
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANT WRTG
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt086609
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt071408
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0JANE G KENNEDY
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IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0406 BRYN MAWR DRIVE SE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0ALBUQUERQUE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd087106
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STUDIO SALE
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt021854
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IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt016185
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IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
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IRS990ScheduleG/TotalNetToOrganizationAmt071408
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IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt060000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0THE FULCRUM FUND
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt013
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF 516 ARTS IS TO FORGE CONNECTIONS BETWEEN ART AND AUDIENCES AND OUR VISION IS TO BE AN ACTIVE PARTNER IN DEVELOPING THE CULTURAL LANDSCAPE OF ALBUQUERQUE AND NEW MEXICO. OUR VALUES ARE INQUIRY, DIVERSITY, COLLABORATION AND ACCESSIBILITY. 516 ARTS OFFERS PROGRAMS THAT INSPIRE CURIOSITY, DIALOGUE, RISK-TAKING AND CREATIVE EXPERIMENTATION, SHOWCASING A MIX OF ESTABLISHED, EMERGING, LOCAL, NATIONAL AND INTERNATIONAL ARTIST FROM A VARIETY OF CULTURAL BACKGROUNDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO THESE POPULATIONS THROUGH VARIED PROGRAM THEMES, PARTNERSHIPS WITH ARTS AND COMMUNITY ORGANIZATIONS, TARGETED MARKETING, FREE ADMISSION AND OUTREACH PROGRAMS AROUND EACH EXHIBITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE ORGANIZATION'S BOOKKEEPER, PRESIDENT AND TREASURER PRIOR TO FILING. IT IS ALSO AVAILABLE TO THE BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MAINTAINED INFORMALLY THROUGH BOARD INVOLVEMENT AND OVERSIGHT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AT THE TIME OF HIRE AN ANALYSIS WAS PERFORMED, WHICH TOOK INTO CONSIDERATION COMPENSATION IN THE LOCAL COMMUNITY FOR COMPARABLE POSITIONS. THE BUDGET, INCLUDING SALARIES, IS APPROVED BY THE BOARD ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER THAN THE PRESIDENT ALL OFFICERS ARE VOLUNTEERS. THERE ARE NO EMPLOYEES WHO MEET THE DEFINITION OF "KEY EMPLOYEE."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS AND IRS FILINGS ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST, FOR A REASONABLE COPYING FEE. THE ORGANIZATION'S GOVERNING DOCUMENTS, IRS DETERMINATION LETTER, ANNUAL IRS INFORMATION FILING AND ANNUAL NEW MEXICO REPORT ARE ALSO AVAILABLE ON THE NEW MEXICO ATTORNEY GENERAL'S CHARITABLE ORGANIZATION REGISTRATION ONLINE SYSTEM (COROS) AT HTTPS://SECURE.NMAG.GOV/CHARITYSEARCH/. RECENT YEARS' FORMS 990 ARE AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7EVENT EXPENSES 18,377 FUNDRAISING EXPENSES REPORTED NET -1,150 EVENT EXPENSES -18,377 FUNDRAISING EXPENSES REPORTED NET 1,150 GRANTS 3,500 TOTAL 3,500
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$91,982
Liabilities
$18,277
Net assets
$73,705
Revenue
$494,750
Expenses
$490,328
Net income
$4,422
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.18$1.17$0.38$0.73$0.34
2023Detailed filing. Detailed filing data is available for this year.$1.69$0.18$1.51$0.54$0.72$0.18
2022Detailed filing. Detailed filing data is available for this year.$1.86$0.17$1.69$0.97$0.72$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.34$1.44$0.78$0.56$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.41$0.19$1.23$1.68$0.68$1.00
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.22$0.57$0.55$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.21$0.01$0.20$0.70$0.57$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$0.49$0.49$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.11$0.07$0.49$0.45$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.46$0.45$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.02$0.01$0.01$0.53$0.54$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.40$0.51$0.11
2012Summary only. Only limited summary data is available for this year.$0.13$0.01$0.12$1.39$1.31$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.01$0.04$0.36
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.01$0.01$0.45