Civic Intelligence

Paseo Project Inc.

990 • Fiscal year 2018 • EIN 81-1852200

Jan 01, 2018 to Dec 31, 2018 • Filed on May 06, 2019

PO Box 1075Taos, NM 87571

(575) 613-0601

Siviq Scores

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

Liabilities / Assets

52nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2018 filings • NTEE A20 • <$500k nonprofits • Source year 2018

Asset Growth

91st percentile

140%

Faster asset growth than 91% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

154%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • NTEE A20 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$109,777

Up $63,949 (+140%) from 2017

Net Assets

Up

$109,777

Up $63,949 (+140%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue

Up

$294,438

Up $178,382 (+154%) from 2017

Expenses

Up

$230,489

Up $159,662 (+225%) from 2017

Net Income

Up

$63,949

Up $18,720 (+41%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2016: $5,599Liabilities 2016: $5,000Net Assets 2016: $5992016Assets 2017: $45,828Liabilities 2017: $0Net Assets 2017: $45,8282017Assets 2018: $109,777Liabilities 2018: $0Net Assets 2018: $109,7772018Assets 2019: $239,752Liabilities 2019: $0Net Assets 2019: $239,7522019Assets 2020: $306,991Liabilities 2020: $2,152Net Assets 2020: $304,8392020Assets 2021: $156,965Liabilities 2021: $5,342Net Assets 2021: $151,6232021Assets 2022: $193,501Liabilities 2022: $4,934Net Assets 2022: $188,5672022Assets 2023: $253,569Liabilities 2023: $3,498Net Assets 2023: $250,0712023Assets 2024: $215,764Liabilities 2024: $1,874Net Assets 2024: $213,8902024

Highlighted filing

2018

Assets$109,777
Liabilities$0
Net Assets$109,777

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2016: $89,034Expenses 2016: $107,881Net Income 2016: -$18,8472016Revenue 2017: $116,056Expenses 2017: $70,827Net Income 2017: $45,2292017Revenue 2018: $294,438Expenses 2018: $230,489Net Income 2018: $63,9492018Revenue 2019: $358,944Expenses 2019: $228,969Net Income 2019: $129,9752019Revenue 2020: $240,876Expenses 2020: $175,789Net Income 2020: $65,0872020Revenue 2021: $104,983Expenses 2021: $258,199Net Income 2021: -$153,2162021Revenue 2022: $344,479Expenses 2022: $307,535Net Income 2022: $36,9442022Revenue 2023: $406,137Expenses 2023: $344,634Net Income 2023: $61,5032023Revenue 2024: $408,979Expenses 2024: $295,160Net Income 2024: $113,8192024

Highlighted filing

2018

Revenue$294,438
Expenses$230,489
Net Income$63,949
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 6, 2019
Return Version
2018v3.1
Gross Receipts
$294,438
Mission and Program Overview

Mission

The PASEO Projects mission is to transform art through community and community through art. The PASEO Project lives at the center of three primary values: Art, Education, and Community. The PASEO Projects community is both local and global, respectful and inclusive. The PASEO Project hosts the annual PASEO outdoor art festival located in Historic Downtown Taos.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$45,828$109,777▲ $63,949
Cap Stk Tr Prin Current Funds$45,828$109,777▲ $63,949
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$45,828$109,777▲ $63,949
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,828$109,777▲ $63,949
Total Liabilities and Net Assets / Fund Balance$45,828$109,777▲ $63,949
Compensation and Service Providers

Board Members and Trustees

NameTitle
Morten NilssenPresident
Liz NeelyVice President
Janet WebbDirector
Joleen MontoyaDirector
Molly RobertsonSecretary
Elizabeth C PalaciosTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$283,357
Program Service Revenue
$11,081
Investment Income
$0
Other Revenue
$0
All Other Contributions
$234,110
Change in Net Assets
$63,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,489
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
All Other Expenses$24,892$200-$25,092
Advertising$20,999--$20,999
Other Expenses$6,702--$6,702
Office Expenses$5,383--$5,383
Travel$3,528--$3,528
Fees for Services Accounting$2,561--$2,561
Insurance$1,422$620-$2,042
Conferences and Meetings$323--$323
Total Functional Expenses$229,669$820$0$230,489
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

No review was or will be conducted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
The Paseo Project Inc
EIN
81-1852200
Phone
5756130601
Address
PO Box 1075, Taos, NM 87571

Signing Officer

Name
Morten Nilssen
Title
President
Signed
2019-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Morten Nilssen
Formed
2016
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
15

Preparer

Firm
L Johnson Consulting Inc
Address
PO Box 1655, Taos, NM 87571
Preparer
Lucinda Johnson
Phone
5757701202
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Bank Service Fees: Column (A) - Total = $495; Column (B) - Program Services = $495; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

equip rental and maint: Column (A) - Total = $3259; Column (B) - Program Services = $3259; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Graphic Design : Column (A) - Total = $5586; Column (B) - Program Services = $5586; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

honorariums: Column (A) - Total = $1084; Column (B) - Program Services = $1084; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Housing for Artists: Column (A) - Total = $3048; Column (B) - Program Services = $3048; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Internet: Column (A) - Total = $55; Column (B) - Program Services = $55; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

licenses and fees: Column (A) - Total = $725; Column (B) - Program Services = $725; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Meals: Column (A) - Total = $359; Column (B) - Program Services = $359; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Memberships and Dues: Column (A) - Total = $200; Column (B) - Program Services = $0; Column (C) - Management & General = $200; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Other Costs: Column (A) - Total = $4648; Column (B) - Program Services = $4648; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $120; Column (B) - Program Services = $120; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $3269; Column (B) - Program Services = $3269; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

security: Column (A) - Total = $2244; Column (B) - Program Services = $2244; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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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/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt028571
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0283357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0103556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt081861
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0468774
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0468774
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0283357
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0103556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt081861
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0468774
IRS990ScheduleA/TotalSupportAmt0468774
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0true
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Service Fees: Column (A) - Total = $495; Column (B) - Program Services = $495; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3equip rental and maint: Column (A) - Total = $3259; Column (B) - Program Services = $3259; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Graphic Design : Column (A) - Total = $5586; Column (B) - Program Services = $5586; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5honorariums: Column (A) - Total = $1084; Column (B) - Program Services = $1084; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Housing for Artists: Column (A) - Total = $3048; Column (B) - Program Services = $3048; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Internet: Column (A) - Total = $55; Column (B) - Program Services = $55; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8licenses and fees: Column (A) - Total = $725; Column (B) - Program Services = $725; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Meals: Column (A) - Total = $359; Column (B) - Program Services = $359; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Memberships and Dues: Column (A) - Total = $200; Column (B) - Program Services = $0; Column (C) - Management & General = $200; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Other Costs: Column (A) - Total = $4648; Column (B) - Program Services = $4648; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Postage and Shipping: Column (A) - Total = $120; Column (B) - Program Services = $120; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Printing and Publications: Column (A) - Total = $3269; Column (B) - Program Services = $3269; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14security: Column (A) - Total = $2244; Column (B) - Program Services = $2244; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt045828
IRS990/TotalAssetsEOYAmt0109777
IRS990/TotalAssetsGrp/BOYAmt045828
IRS990/TotalAssetsGrp/EOYAmt0109777
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0283357
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0820
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0229669
IRS990/TotalFunctionalExpensesGrp/TotalAmt0230489
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt045828
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0109777
IRS990/TotalProgramServiceExpensesAmt0229669
IRS990/TotalProgramServiceRevenueAmt011081
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt011081
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0294438
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt045828
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0109777
IRS990/TravelGrp/ProgramServicesAmt03528
IRS990/TravelGrp/TotalAmt03528
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1075
IRS990/USAddress/CityNm0Taos
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087571
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0https://paseoproject.org/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Morten Nilssen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Paseo Project Inc
ReturnHeader/Filer/BusinessNameControlTxt0PASE
ReturnHeader/Filer/EIN0811852200
ReturnHeader/Filer/PhoneNum05756130601
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1075
ReturnHeader/Filer/USAddress/CityNm0Taos
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087571
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471006435
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0L Johnson Consulting Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1655
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Taos
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087571
ReturnHeader/PreparerPersonGrp/PhoneNum05757701202
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lucinda Johnson
ReturnHeader/ReturnTs02019-05-06T13:26:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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