Civic Intelligence

New Mexico Biopark Society Inc

EIN 23-7087964 • 501(c)3 • Albuquerque, NM

Profile

The new mexico biopark society's mission is to promote the development of, procurement for, and capital improvement of the albuquerque biological park.

903 Tenth Street SWAlbuquerque, NM 87102

www.bioparksociety.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.30x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

1.20x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

78th percentile

24%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

20th percentile

$146,638

Higher top officer pay than 20% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

70th percentile

11%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

12%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$26,155,135

Up $4,950,162 (+23%) from 2022

Liabilities

Up

$7,964,748

Up $1,965,431 (+33%) from 2022

Net Assets

Up

$18,190,387

Up $2,984,731 (+20%) from 2022

Revenue

Up

$6,651,215

Up $320,725 (+5.1%) from 2022

Expenses

Up

$5,041,540

Up $1,065,520 (+27%) from 2022

Net Income

Down

$1,609,675

Down $744,795 (-32%) from 2022

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2012: $7,876,770Liabilities 2012: $2,919,651Net Assets 2012: $4,957,1192012Assets 2013: $7,342,829Liabilities 2013: $2,194,369Net Assets 2013: $5,148,4602013Assets 2014: $8,790,344Liabilities 2014: $2,959,538Net Assets 2014: $5,830,8062014Assets 2015: $9,483,514Liabilities 2015: $2,899,269Net Assets 2015: $6,584,2452015Assets 2017: $11,893,999Liabilities 2017: $3,147,053Net Assets 2017: $8,746,9462017Assets 2018: $12,337,837Liabilities 2018: $2,954,668Net Assets 2018: $9,383,1692018Assets 2020: $14,522,409Liabilities 2020: $3,394,158Net Assets 2020: $11,128,2512020Assets 2022: $21,204,973Liabilities 2022: $5,999,317Net Assets 2022: $15,205,6562022Assets 2024: $26,155,135Liabilities 2024: $7,964,748Net Assets 2024: $18,190,3872024

Highlighted filing

2024

Assets$26,155,135
Liabilities$7,964,748
Net Assets$18,190,387

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2012: $4,383,1052012Revenue 2013: $3,581,873Expenses 2013: $3,561,962Net Income 2013: $19,9112013Revenue 2014: $4,208,527Expenses 2014: $3,472,228Net Income 2014: $736,2992014Revenue 2015: $4,740,587Expenses 2015: $3,837,594Net Income 2015: $902,9932015Revenue 2017: $4,490,379Expenses 2017: $3,519,495Net Income 2017: $970,8842017Revenue 2018: $5,164,220Expenses 2018: $4,253,929Net Income 2018: $910,2912018Revenue 2020: $2,704,068Expenses 2020: $2,488,318Net Income 2020: $215,7502020Revenue 2022: $6,330,490Expenses 2022: $3,976,020Net Income 2022: $2,354,4702022Revenue 2024: $6,651,215Expenses 2024: $5,041,540Net Income 2024: $1,609,6752024

Highlighted filing

2024

Revenue$6,651,215
Expenses$5,041,540
Net Income$1,609,675

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.0
Gross Receipts
$7,786,336
Mission and Program Overview

Mission

The new mexico biopark society's mission is to promote the development of, procurement for, and capital improvement of the albuquerque biological park.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$7,171,415$9,495,422▲ $2,324,007
Savings and Temporary Cash Investments$8,611,771$8,925,682▲ $313,911
Investments in Publicly Traded Securities$3,720,607$3,969,101▲ $248,494
Accounts Receivable$483,275$448,882▼ $34,393
Land, Buildings, and Equipment, Net$138,187$133,449▼ $4,738
Prepaid Expenses and Deferred Charges$2,272--
Total Assets$23,485,939$26,155,135▲ $2,669,196
Other Assets Total$3,358,412$3,182,599▼ $175,813
Liabilities
Other Liabilities$5,564,682$6,357,700▲ $793,018
Accounts Payable and Accrued Expenses$795,679$843,673▲ $47,994
Deferred Revenue$831,412$763,375▼ $68,037
Total Liabilities$7,191,773$7,964,748▲ $772,975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,861,286$10,183,884▲ $1,322,598
Net Assets With Donor Restrictions$7,432,880$8,006,503▲ $573,623
Total Net Assets Fund Balance$16,294,166$18,190,387▲ $1,896,221
Total Liabilities and Net Assets / Fund Balance$23,485,939$26,155,135▲ $2,669,196

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$43,094$208,583$251,677
Leasehold Improvements$90,355$129,668$220,023
Other Assets Org$3,182,599--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,358,413-▼ $175,814-$3,182,599
2023$2,951,573-▲ $406,840-$3,358,413
2022$3,565,151-▼ $613,579-$2,951,572
2021$3,290,436-▲ $274,715-$3,565,151
2020$3,042,180-▲ $248,256-$3,290,436
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Julie RuggExecutive DiFT$113,222$33,416$146,638

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Brown's Medical ImagingEquipment Suppl14315 C CIRCLE, SUITE B, Omaha, NE 68144$220,000
Cleary Building CorporationSeed Banking122A W IMPALA CT, Moriarty, NM 87035$144,868
Rivenrock StaffingStaffing6106 JEFFERSON ST NE, Albuquerque, NM 87109$138,458
Schimmel Security LLCSecurityPO BOX 21, Albuquerque, NM 87103$124,509
Herrera CoachesRentals10605 CENTRAL AVE NE, Albuquerque, NM 87121$117,639
Revenue and Support

Revenue Composition

Contributions and Grants
$3,886,090
Program Service Revenue
$599,620
Investment Income
$594,096
Other Revenue
$1,571,409
All Other Contributions
$1,714,584
Change in Net Assets
$1,609,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,651,215
Revenue Not Reported on Form 990
$2,743,847
Total Revenue per Audited Statements
$9,395,062
Total Revenue per Form 990
$6,651,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,514,842
Salaries, Compensation, and Employee Benefits$1,526,698
Total Fundraising Expense$344,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$626,464$345,801$158,447$1,130,712
Office Expenses$161,707$62,404$74,768$298,879
Fees for Services Other$211,713--$211,713
Current Officers, Directors, Trustees, and Key Employees$81,245$44,846$20,548$146,639
Other Expenses$108,728--$108,728
Payroll Taxes$59,443$28,168$17,084$104,695
Other Employee Benefits$57,841$17,678$12,645$88,164
Insurance$2,831$69,392-$72,223
All Other Expenses$33,251$12,236$18,680$64,167
Pension Plan Contributions$37,463$10,910$8,115$56,488
Occupancy$31,952$4,731$15,800$52,483
Conferences and Meetings$25,407$20,689$2,362$48,458
Fees for Services Accounting-$26,368-$26,368
Fees for Services Lobbying-$23,583-$23,583
Depreciation Depletion$6,823$6,823$7,677$21,323
Advertising$8,063$1,062$8,172$17,297
Total Functional Expenses$4,022,551$674,691$344,298$5,041,540

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,498,841
Expenses per Audited Statements$5,041,540
Total Expenses per Form 990$5,041,540
Expenses Not Reported on Form 990$2,457,301
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,706,530
Fundraising Direct Expenses$1,135,121
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
River of Lights$2,334,923$2,294,923$864,485$1,430,438
Run for the Zoo$383,657$331,157$189,951$141,206
Total Events$2,830,130$2,706,530$1,135,121$1,571,409
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contribution Payable to the Biopark$6,357,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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 6

The organization offers memberships to the public.

Form 990, Page 6, Part VI, Line 7A

Board of directors are elected at the annual meeting by the members.

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

The 990 tax return is reviewed line by line by the executive director and the finance manager. The finance committee also reviews the 990. Other board members do not generally review the document but are given the opportunity upon request.

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

Annually, the conflict of interest policy is presented and discussed with the board at the january board meeting and each member signs an acknowledgement stating that they have read and understand the policy.

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

The executive director's compensation is determined by the executive committee and then approved by the board of directors. Annually, the executive director's performance is evaluated and compared to their goals and objectives set for the year. Also, a survey of the prevailing or comparable compensation packages is given to the executive committee and they then vote to decide what the compensation shall be. The president writes a letter to the executive director and the finance manager stating what the compensation will be and when it will be effective.

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

The organization does not currently have any other compensated other officers or key employees of the organization. However, if those positions exist at some point in the future the process used to determine compensation will be the same as that used for the executive director.

Form 990, Page 6, Part VI, Line 19

Governing documents, the conflict of interest polic and financial statements are maintained at the organization's office and are made available upon request.

Filing and Contact Details

Filer

Filer Name
New Mexico Biopark Society Inc
EIN
23-7087964
Phone
5057646280
Address
903 TENTH STREET SW, ALBUQUERQUE, NM 87102

Signing Officer

Name
Julie Rugg
Title
Executive Director
Phone
5057649280
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Rugg
Formed
1969
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
12
Employees
75
Volunteers
400

Preparer

Firm
Loftis & Lovato Group
Address
5501 EAGLE ROCK AVE NE SUITE C-5, ALBUQUERQUE, NM 87113
Preparer
Alex Gurule
Phone
5052935009
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Special event direct expenses 1,135,121 special event direct expenses -1,135,121

Financial Statement Notes

Schedule D, Page 3, Part X

The society is a nonprofit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and is not considered to be a private foundation. However, income from certain activities not directly related to the society's tax-exempt purpose is subject to taxation as unrelated business income. The society's income tax filings are subject to audit by various taxing authorities. The society's open audit periods are for 2020 and thereafter. The society believes it has appropriate support for any tax positions taken and, as such, has not recognized any changes to the financial statements for uncertain tax positions.

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

Special event direct expenses 1,135,121

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

Special event direct expenses 1,135,121

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