New Mexico Xtreme Sports

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“The draft of the form 990 is intially reviewed by the executive director with the assistance of the preparer. Once the form 990 is reviewed and complete, it is reviewed again by the board treasurer. After approval by the treasurer, the form 990 is distributed to the entire board for review and comment prior to filing with the irs.”

“Board members and directors are asked to disclose conflicts of interest at the beginning of each fiscal year and update the disclosure if needed due to new circumstances.”

“The executive director's compensation is approved by the board of directors on an annual basis.”

“Total wage expense is approved in the annual budget by the board of directors. All employees have an annual review and raises are approved during this process.”

“The governing documents, conflicts of interest policy, and financial statements are maintained with the organization and available to the public upon request.”

“Volunteer activities included assisting with the sound services for the events, run the door during events, capturing photography during events, and front desk/reception services. Board members also serve in a volunteer capacity.”

“Warehouse 505 is a non-profit, social enterprise and venue that invests in albuquerque's youth by providing a place to learn and develop skills under mentorship within the creative arts and individual sports. Established in 2009 as warehouse 508, we have worked towards futhering connections between youth and the community and fostering employment experiences and opportunities. Warehouse 505 offers a variety of after-school programming in the visual and performing arts for youth ages 12-30. Working under talented mentors and artists within the city, youth will learn and develop skills that they can take with them for future employment, which warehouse 505 works to help foster. Previous classes we have offered include mural arts, photography, music, acting, movie making, sewing, digial drawing, dj, and so much more through creative arts, warehouse 505 provides: -- a safe and secure facility for youth, their families and the community, including individuals, organizations and businesses to engage, interact and operate. -- offers creative arts, individual sports and leadership classes and workshops for youth ages 13-20. -- develops employment opportunities for youth. -- maintains an accessible performance space.”

“The audit was in process at the time of the filing of the 2022 form 990.”