Civic Intelligence

Paseo Project Inc.

EIN 81-1852200 • 501(c)3 • Taos, NM

Pub. 78 EligibleNTEE A20

Profile

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.

PO Box 1075Taos, NM 87571

paseoproject.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.00x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

80th percentile

28%

Higher net margin than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

62nd percentile

9.0%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

Assets

Down

$215,764

Down $37,805 (-15%) from 2023

Liabilities

Down

$1,874

Down $1,624 (-46%) from 2023

Net Assets

Down

$213,890

Down $36,181 (-14%) from 2023

Revenue

Up

$408,979

Up $2,842 (+0.7%) from 2023

Expenses

Down

$295,160

Down $49,474 (-14%) from 2023

Net Income

Up

$113,819

Up $52,316 (+85%) from 2023

Trend Graphs

Balance Sheet Trend

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

$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

2024

Assets$215,764
Liabilities$1,874
Net Assets$213,890

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$408,979
Expenses$295,160
Net Income$113,819

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 2, 2025
Return Version
2024v5.1
Gross Receipts
$408,979
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$253,569$215,489▼ $38,080
Cap Stk Tr Prin Current Funds$250,071$213,890▼ $36,181
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$253,569$215,764▼ $37,805
Other Assets Total-$275-
Liabilities
Accounts Payable and Accrued Expenses$3,497$1,874▼ $1,623
Other Liabilities$1--
Total Liabilities$3,498$1,874▼ $1,624
Net Assets / Fund Balance
Total Net Assets Fund Balance$250,071$213,890▼ $36,181
Total Liabilities and Net Assets / Fund Balance$253,569$215,764▼ $37,805
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$402,278
Program Service Revenue
$0
Investment Income
$6,701
Other Revenue
$0
All Other Contributions
$337,523
Change in Net Assets
$113,819
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,644
Salaries, Compensation, and Employee Benefits$116,516
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,817--$107,817
Advertising$24,545--$24,545
All Other Expenses$18,159--$18,159
Payroll Taxes$8,699--$8,699
Other Expenses$8,000--$8,000
Insurance$2,385$2,668-$5,053
Fees for Services Accounting$3,945--$3,945
Office Expenses$2,651--$2,651
Travel$300--$300
Occupancy$-1,388--$-1,388
Total Functional Expenses$292,492$2,668$0$295,160
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
Backup withholding compliance
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
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, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

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
Elizabeth C Palacios
Title
Board Chair
Signed
2025-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth C Palacios
Formed
2016
Legal Domicile
Nm
Voting Board Members
9
Independent Board Members
0
Employees
4
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 XI, Line 9

contrib for future use incl in net assets prior yr, now incm = -$150000

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2contrib for future use incl in net assets prior yr, now incm = -$150000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Elizabeth C Palacios
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-02
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
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ReturnHeader/Filer/USAddress/ZIPCd087571
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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

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