Civic Intelligence

Taos Academy Foundation

990 • Fiscal year 2017 • EIN 27-2765965

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 05, 2018

Organization ProfileTaosacademy.org
110 Paseo del Canon WestTaos, NM 87571

(575) 751-3109

Siviq Scores

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

Liabilities / Assets

89th percentile

0.69x

Higher debt load relative to assets than 89% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.87x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Net Margin

94th percentile

81%

Higher net margin than 94% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

$3,011,041

No earlier filing loaded for comparison.

Net Assets

$926,304

No earlier filing loaded for comparison.

Liabilities

$2,084,737

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin94th percentile

Revenue

$1,114,383

No earlier filing loaded for comparison.

Expenses

$215,015

No earlier filing loaded for comparison.

Net Income

$899,368

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $3,011,041Liabilities 2017: $2,084,737Net Assets 2017: $926,3042017Assets 2018: $2,953,834Liabilities 2018: $2,063,367Net Assets 2018: $890,4672018Assets 2019: $2,893,757Liabilities 2019: $2,043,834Net Assets 2019: $849,9232019Assets 2020: $2,794,064Liabilities 2020: $2,018,894Net Assets 2020: $775,1702020Assets 2021: $2,725,699Liabilities 2021: $1,993,945Net Assets 2021: $731,7542021Assets 2022: $2,676,686Liabilities 2022: $1,969,318Net Assets 2022: $707,3682022Assets 2023: $2,622,194Liabilities 2023: $1,940,387Net Assets 2023: $681,8072023Assets 2024: $2,537,859Liabilities 2024: $1,909,132Net Assets 2024: $628,7272024Assets 2025: $2,471,364Liabilities 2025: $1,875,367Net Assets 2025: $595,9972025

Highlighted filing

2017

Assets$3,011,041
Liabilities$2,084,737
Net Assets$926,304
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.5M$1.0M$500K$0-$500KRevenue 2017: $1,114,383Expenses 2017: $215,015Net Income 2017: $899,3682017Revenue 2018: $233,820Expenses 2018: $269,657Net Income 2018: -$35,8372018Revenue 2019: $215,159Expenses 2019: $255,703Net Income 2019: -$40,5442019Revenue 2020: $207,195Expenses 2020: $281,948Net Income 2020: -$74,7532020Revenue 2021: $192,848Expenses 2021: $236,264Net Income 2021: -$43,4162021Revenue 2022: $201,888Expenses 2022: $226,274Net Income 2022: -$24,3862022Revenue 2023: $206,764Expenses 2023: $232,325Net Income 2023: -$25,5612023Revenue 2024: $177,187Expenses 2024: $230,267Net Income 2024: -$53,0802024Revenue 2025: $195,523Expenses 2025: $228,253Net Income 2025: -$32,7302025

Highlighted filing

2017

Revenue$1,114,383
Expenses$215,015
Net Income$899,368
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 5, 2018
Return Version
2016v3.0
Gross Receipts
$1,140,048
Mission and Program Overview

Mission

Established to Assist and support the building and success of Taos Academy Charter School

The charitable purpose for which Taos Academy Foundation is organized is to Assist and support the building and success of Taos Academy Charter School; to assist Taos Academy to achieve promoting the goals of academic achievement, strong leadership skills, and social responsibility; and to do those things necessary for the accomplishment of these and related purposes, including receiving grants and gifts and acquiring and disposing of property for the furtherance of the stated purpose.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$2,959,007-
Cash and Non-Interest-Bearing Accounts$26,936$52,034▲ $25,098
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$26,936$3,011,041▲ $2,984,105
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$2,084,737-
Total Liabilities$0$2,084,737▲ $2,084,737
Net Assets / Fund Balance
Unrestricted Net Assets$26,936$926,304▲ $899,368
Total Net Assets Fund Balance$26,936$926,304▲ $899,368
Total Liabilities and Net Assets / Fund Balance$26,936$3,011,041▲ $2,984,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,221,007$53,460$2,274,467
Land$738,000-$738,000
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Karin MoultonPresident
Saskia IliohanSecretary
David ClancyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,428
Program Service Revenue
$1,077,009
Investment Income
$0
Other Revenue
$1,946
All Other Contributions
$35,428
Change in Net Assets
$899,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$215,015
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$140,537--$140,537
Depreciation Depletion$53,460--$53,460
Advertising$2,624--$2,624
Travel$1,413--$1,413
Other Expenses$470$618-$470
All Other Expenses-$66-$66
Total Functional Expenses$214,331$684$0$215,015
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$27,611
Fundraising Direct Expenses$25,665
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Senior Trip$18,029$18,029$16,267$1,762
Stem Arts Program$5,670$5,670$5,892$-222
Total Events$23,699$23,699$22,159$1,540
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Form 990 is reviewed and signed by the organization's president and presented to the board for review when there is time for a board meeting before filing. If there is not sufficient time, it is reviewed in the first board meeting after the due date of the filing. The Organization's President will sign the tax return.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“To ensure the Organization operates in a manner consistent with its charitablepurposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining. b. Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organizations written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization keeps all governing documents, policies and financial statements available upon request at their offices.”

Filing and Contact Details

Filer

Filer Name
Taos Academy Foundation
EIN
27-2765965
Phone
5757513109
Address
110 Paseo del Canon West, Taos, NM 87571

Signing Officer

Name
Karin Moulton
Title
President
Signed
2018-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karin Moulton
Formed
2010
Legal Domicile
Nm
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Swinehart CPA PC
Address
515 Gusdorf Road Ste 3, Taos, NM 87571
Preparer
Douglas J Swinehart CPA
Phone
5757584111
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2: New Services

“On July 20, 2016 the Organization acquired the buildings and grounds utilized as the facility for the Taos Academy Charter School.”

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IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0On July 20, 2016 the Organization acquired the buildings and grounds utilized as the facility for the Taos Academy Charter School.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is reviewed and signed by the organization's president and presented to the board for review when there is time for a board meeting before filing. If there is not sufficient time, it is reviewed in the first board meeting after the due date of the filing. The Organization's President will sign the tax return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2To ensure the Organization operates in a manner consistent with its charitablepurposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining. b. Whether partnerships, joint ventures, and arrangements with management organizations conform to the Organizations written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in inurement, impermissible private benefit, or in an excess benefit transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization keeps all governing documents, policies and financial statements available upon request at their offices.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2: New Services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Taos Academy Charter School
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0263680920
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public School IRC Sec 115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0110 Paseo del Canon West
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Taos
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd087571
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
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IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0TAF is a component unit of TA. This means that TAF is part of any TA audit, and TA oversees the fiscal responsibility of TAF. TAF has its own governing board, elected by the TAF board of directors. All board member positions are volunteer. TA has its own governing board. A TAF board member attends all TA governing council meetings and reports activities and financial information to the TA governing council. TAF board of directors provides TA with an annual report including donations received, operating income and expenses, and other financial information requested.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0The relationship between TA(Taos Academy) and TAF (Taos Academy Foundation)
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IRS990/TerminateOperationsInd0false
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$3,011,041
Liabilities
$2,084,737
Net assets
$926,304
Revenue
$1,114,383
Expenses
$215,015
Net income
$899,368
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.47$1.88$0.60$0.20$0.23$0.03
2024Detailed filing. Detailed filing data is available for this year.$2.54$1.91$0.63$0.18$0.23$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.62$1.94$0.68$0.21$0.23$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.68$1.97$0.71$0.20$0.23$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.73$1.99$0.73$0.19$0.24$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.79$2.02$0.78$0.21$0.28$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.89$2.04$0.85$0.22$0.26$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.95$2.06$0.89$0.23$0.27$0.04
2017Detailed filing. Detailed filing data is available for this year.$3.01$2.08$0.93$1.11$0.22$0.90