Civic Intelligence

Taos Academy Foundation

990 • Fiscal year 2018 • EIN 27-2765965

Jul 01, 2017 to Jun 30, 2018 • Filed on May 09, 2019

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

0.70x

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

2018 filings • NTEE X • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

8.82x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • NTEE X • $1M-$5M nonprofits • Source year 2018

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2018 filings • NTEE X • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

57th percentile

$0

Higher top officer pay than 57% of similar nonprofits.

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

2018 filings • NTEE X • $1M-$5M nonprofits • Source year 2018

Asset Growth

32nd percentile

-1.9%

Faster asset growth than 32% of similar nonprofits.

2018 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$2,953,834

Down $57,207 (-1.9%) from 2017

Net Assets

Down

$890,467

Down $35,837 (-3.9%) from 2017

Liabilities

Down

$2,063,367

Down $21,370 (-1.0%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin16th percentile

Revenue

Down

$233,820

Down $880,563 (-79%) from 2017

Expenses

Up

$269,657

Up $54,642 (+25%) from 2017

Net Income

Down

-$35,837

Down $935,205 (-104%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

2018

Assets$2,953,834
Liabilities$2,063,367
Net Assets$890,467
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

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

2018

Revenue$233,820
Expenses$269,657
Net Income-$35,837
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 9, 2019
Return Version
2017v2.2
Gross Receipts
$233,820
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$2,900,687▼ $58,320
Cash and Non-Interest-Bearing Accounts$52,034$53,147▲ $1,113
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$3,011,041$2,953,834▼ $57,207
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,084,737$2,063,367▼ $21,370
Total Liabilities$2,084,737$2,063,367▼ $21,370
Net Assets / Fund Balance
Unrestricted Net Assets$926,304$890,467▼ $35,837
Total Net Assets Fund Balance$926,304$890,467▼ $35,837
Total Liabilities and Net Assets / Fund Balance$3,011,041$2,953,834▼ $57,207

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,162,687$111,780$2,274,467
Land$738,000-$738,000
Compensation and Service Providers
Top Officer Pay57th percentile

Board Members and Trustees

NameTitle
David ClancyPresident
Julee LaMureDirector
Saskia IliohanSecretary
Karin MoultonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,087
Program Service Revenue
$202,386
Investment Income
$0
Other Revenue
$8,347
All Other Contributions
$23,087
Change in Net Assets
$-35,837
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$269,657
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$174,215--$174,215
Depreciation Depletion$58,320--$58,320
Fees for Services Accounting-$7,934-$7,934
Advertising$2,917--$2,917
Other Expenses$2,620--$2,620
All Other Expenses$1,691$-537-$1,154
Total Functional Expenses$262,260$7,397$0$269,657
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,347
Professional Fundraising Fees$0
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
Treasurer
Signed
2019-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karin Moulton
Formed
2010
Legal Domicile
Nm
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Swinehart CPA PC
Address
515 Gusdorf Road Ste 3, Taos, NM 87571
Preparer
Douglas J Swinehart CPA
Phone
5757584111
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IRS990ScheduleA/PublicSupportPY170Pct00.76500
IRS990ScheduleA/PublicSupportTotal170Amt063132
IRS990ScheduleA/SubstantialContributorsTotAmt031896
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt023087
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt035428
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014391
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt010894
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt011228
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt095028
IRS990ScheduleA/TotalSupportAmt095028
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02162687
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0111780
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02274467
IRS990ScheduleD/LandGrp/BookValueAmt0738000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0738000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02900687
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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/ExplanationTxt1To 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/ExplanationTxt2The organization keeps all governing documents, policies and financial statements available upon request at their offices.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 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
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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)
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03011041
IRS990/TotalAssetsEOYAmt02953834
IRS990/TotalAssetsGrp/BOYAmt03011041
IRS990/TotalAssetsGrp/EOYAmt02953834
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt023087
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07397
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0262260
IRS990/TotalFunctionalExpensesGrp/TotalAmt0269657
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02084737
IRS990/TotalLiabilitiesEOYAmt02063367
IRS990/TotalLiabilitiesGrp/BOYAmt02084737
IRS990/TotalLiabilitiesGrp/EOYAmt02063367
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0926304
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0890467
IRS990/TotalProgramServiceExpensesAmt0262260
IRS990/TotalProgramServiceRevenueAmt0202386
IRS990/TotalRevenueGrp/ExclusionAmt013673
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0197060
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0233820
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03011041
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02953834
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0926304
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0890467
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 637
IRS990/USAddress/CityNm0El Prado
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087529
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0Taosacademy.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Karin Moulton
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Taos Academy Foundation
ReturnHeader/Filer/BusinessNameControlTxt0TAOS
ReturnHeader/Filer/EIN0272765965
ReturnHeader/Filer/PhoneNum05757513109
ReturnHeader/Filer/USAddress/AddressLine1Txt0110 Paseo del Canon West
ReturnHeader/Filer/USAddress/CityNm0Taos
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087571

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,953,834
Liabilities
$2,063,367
Net assets
$890,467
Revenue
$233,820
Expenses
$269,657
Net income
-$35,837
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