Civic Intelligence

516 Arts

990 • Fiscal year 2018 • EIN 20-8540744

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

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

49th percentile

0.04x

Higher debt load relative to assets than 49% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

32nd percentile

0.01x

Higher debt load relative to revenue than 32% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Net Margin

76th percentile

18%

Higher net margin than 76% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

83rd percentile

$75,982

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.8% of source-year revenue.

2018 filings • NTEE A • $500k-$1M nonprofits • Source year 2018

Asset Growth

92nd percentile

131%

Faster asset growth than 92% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

82nd percentile

42%

Faster revenue growth than 82% of similar nonprofits.

2018 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$212,390

Up $120,408 (+131%) from 2017

Net Assets

Up

$203,016

Up $129,311 (+175%) from 2017

Liabilities

Down

$9,374

Down $8,903 (-49%) from 2017

Revenue

Up

$704,106

Up $209,356 (+42%) from 2017

Expenses

Up

$574,797

Up $84,469 (+17%) from 2017

Net Income

Up

$129,309

Up $124,887 (+2824%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$212,390
Liabilities$9,374
Net Assets$203,016

Operations Trend

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

2018

Revenue$704,106
Expenses$574,797
Net Income$129,309
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$704,106
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$56,322$167,474▲ $111,152
Pledges and Grants Receivable$33,652$43,310▲ $9,658
Land, Buildings, and Equipment, Net$2,008$1,606▼ $402
Total Assets$91,982$212,390▲ $120,408
Liabilities
Accounts Payable and Accrued Expenses$18,277$9,374▼ $8,903
Total Liabilities$18,277$9,374▼ $8,903
Net Assets / Fund Balance
Unrestricted Net Assets$73,705$203,016▲ $129,311
Total Net Assets Fund Balance$73,705$203,016▲ $129,311
Total Liabilities and Net Assets / Fund Balance$91,982$212,390▲ $120,408

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,606$7,428$9,034
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Suzanne SbargePresidentFT$70,000$5,982$75,982

Board Members and Trustees

NameTitle
Danny LopezChair
Kathleen MetzgerDirector
Larry GernonDirector
Pamela CheekDirector
Sommer SmithDirector
Tim PriceDirector
Tonya Turner CarrollDirector
Rebecca BlackSecretary
Joshua EdwardsTreasurer
Mark RohdeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$685,487
Program Service Revenue
$18,619
Investment Income
$0
Other Revenue
$0
All Other Contributions
$393,089
Change in Net Assets
$129,309

Audited Revenue Reconciliation

Revenue per Audited Statements
$697,983
Revenue Not Reported on Financial Statements
$6,123
Revenue Not Reported on Form 990
$126,815
Other Revenue Adjustments
$6,123
Total Revenue per Audited Statements
$824,798
Total Revenue per Form 990
$704,106
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,758
Salaries, Compensation, and Employee Benefits$204,794
Grants and Similar Amounts Paid$63,500
Total Fundraising Expense$40,905
Professional Fundraising Fees$18,745

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$78,840$21,025$5,256$105,121
Current Officers, Directors, Trustees, and Key Employees$52,500$14,000$3,500$70,000
Grants to Domestic Individuals$63,500--$63,500
Office Expenses$46,036$11,266$2,388$59,690
Occupancy$29,480$2,823$1,843$34,146
All Other Expenses$22,283$10,416-$32,699
Advertising$19,489--$19,489
Fees for Services Professional Fundraising--$18,745$18,745
Travel$13,555$3,417-$16,972
Fees for Services Accounting-$16,844-$16,844
Payroll Taxes$11,173$2,979$745$14,897
Other Employee Benefits$8,102$2,161$540$10,803
Fees for Services Other-$9,580-$9,580
Insurance-$7,776-$7,776
Other Expenses$9,683-$7,689$7,689
Pension Plan Contributions$2,980$794$199$3,973
Information Technology-$2,705-$2,705
Depreciation Depletion-$402-$402
Interest-$51-$51
Total Functional Expenses$427,653$106,239$40,905$574,797

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$695,487
Expenses per Audited Statements$574,797
Total Expenses per Form 990$574,797
Expenses Not Reported on Form 990$120,690
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$18,745
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
2019-11-07
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
5
Volunteers
50

Preparer

Firm
Schlenker & Cantwell Pa
Address
PO BOX 92318, ALBUQUERQUE, NM 87199-2318
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

516 presented various visual art, spoken word programs, events and educational programs along with workshops and public forums. Exhibit programs included gallery talks with artists and curators, live music, poetry readings and other special events at the gallery and around the city. Educational outreach programs continued to flourish including educational tours, workshops and art education curriculum for teachers. Exhibits and programming reached a total direct audience of close to 11,000 individuals and an indirect audience of over 100,000 who participated in social media or were exposed to murals, radio and tv interviews and media covereage of 516 arts. Our 2018 audience mirrored the unique ethnic, socio-economic and cultural mix of new mexico and we actively reached out 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

Cost of goods sold -6,123 rounding 2 cost of goods sold 6,123 total 2

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 organization 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 2015, 2016 and 2017 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

COST OF GOODS SOLD 6,123

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

Rounding -2 cost of goods sold -6,123

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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/Desc0EXHIBIT INSTALLATION
IRS990/OtherExpensesGrp/Desc1ARTISTS
IRS990/OtherExpensesGrp/Desc2IN-KIND: GOODS
IRS990/OtherExpensesGrp/Desc3OTHER FUNDRAISING EXPENSE
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IRS990/OtherExpensesGrp/ProgramServicesAmt037557
IRS990/OtherExpensesGrp/ProgramServicesAmt132475
IRS990/OtherExpensesGrp/ProgramServicesAmt29683
IRS990/OtherExpensesGrp/TotalAmt037557
IRS990/OtherExpensesGrp/TotalAmt132475
IRS990/OtherExpensesGrp/TotalAmt29683
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt05256
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021025
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt078840
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105121
IRS990/OtherWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt0745
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02979
IRS990/PayrollTaxesGrp/ProgramServicesAmt011173
IRS990/PayrollTaxesGrp/TotalAmt014897
IRS990/PensionPlanContributionsGrp/FundraisingAmt0199
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0794
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt02980
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IRS990/PrincipalOfficerNm0SUZANNE SBARGE
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IRS990/ProgramServiceRevenueGrp/Desc1EVENT REGISTRATION
IRS990/ProgramServiceRevenueGrp/Desc2TICKET SALES
IRS990/ProgramServiceRevenueGrp/Desc3ART SALES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16272
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23125
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16272
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23125
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32800
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/ExpenseAmt068892
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IRS990/PYProgramServiceRevenueAmt04611
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IRS990/PYTotalExpensesAmt0490328
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt018619
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0685487
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0478898
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0489662
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0415298
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0506098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02575443
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0155288
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportTotal170Amt01604400
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0685487
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0478898
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0489662
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0415298
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0506098
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02575443
IRS990ScheduleA/TotalSupportAmt02576789
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt096
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt01250
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01346
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0126815
IRS990ScheduleD/DonatedServicesUseFcltsAmt0126815
IRS990ScheduleD/EquipmentGrp/BookValueAmt01606
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07428
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09034
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IRS990ScheduleD/ExpensesSubtotalAmt0574797
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt0-6125
IRS990ScheduleD/OtherRevenuesNotIncludedAmt06123
IRS990ScheduleD/RevenueNotReportedAmt0126815
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt06123
IRS990ScheduleD/RevenueSubtotalAmt0697983
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 ORGANIZATION 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 2015, 2016 AND 2017 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/ExplanationTxt1COST OF GOODS SOLD 6,123
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ROUNDING -2 COST OF GOODS SOLD -6,123
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/TotalBookValueLandBuildingsAmt01606
IRS990ScheduleD/TotalExpensesPerForm990Amt0574797
IRS990ScheduleD/TotalRevenuePerForm990Amt0704106
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0824798
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0695487
IRS990ScheduleG/AgrmtProfFundraisingActyInd0true
IRS990ScheduleG/EmailSolicitationsInd0X
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0GRANT WRTG
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd0false
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0214501
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0195756
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0JANE G KENNEDY
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt018745
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt0406 BRYN MAWR DRIVE SE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0ALBUQUERQUE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd087106
IRS990ScheduleG/InPersonSolicitationsInd0X
IRS990ScheduleG/LicensedStatesCd0NM
IRS990ScheduleG/MailSolicitationsInd0X
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/SpecialFundraisingEventsInd0X
IRS990ScheduleG/TotalGrossReceiptsAmt0214501
IRS990ScheduleG/TotalNetToOrganizationAmt0195756
IRS990ScheduleG/TotalRetainedByContractorsAmt018745
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt063500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0THE FULCRUM FUND
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt012
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt1516 PRESENTED VARIOUS VISUAL ART, SPOKEN WORD PROGRAMS, EVENTS AND EDUCATIONAL PROGRAMS ALONG WITH WORKSHOPS AND PUBLIC FORUMS. EXHIBIT PROGRAMS INCLUDED GALLERY TALKS WITH ARTISTS AND CURATORS, LIVE MUSIC, POETRY READINGS AND OTHER SPECIAL EVENTS AT THE GALLERY AND AROUND THE CITY. EDUCATIONAL OUTREACH PROGRAMS CONTINUED TO FLOURISH INCLUDING EDUCATIONAL TOURS, WORKSHOPS AND ART EDUCATION CURRICULUM FOR TEACHERS. EXHIBITS AND PROGRAMMING REACHED A TOTAL DIRECT AUDIENCE OF CLOSE TO 11,000 INDIVIDUALS AND AN INDIRECT AUDIENCE OF OVER 100,000 WHO PARTICIPATED IN SOCIAL MEDIA OR WERE EXPOSED TO MURALS, RADIO AND TV INTERVIEWS AND MEDIA COVEREAGE OF 516 ARTS. OUR 2018 AUDIENCE MIRRORED THE UNIQUE ETHNIC, SOCIO-ECONOMIC AND CULTURAL MIX OF NEW MEXICO AND WE ACTIVELY REACHED OUT TO 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/ExplanationTxt7COST OF GOODS SOLD -6,123 ROUNDING 2 COST OF GOODS SOLD 6,123 TOTAL 2
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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