Civic Intelligence

Searchlight New Mexico News

990 • Fiscal year 2023 • EIN 81-3234552

Jan 01, 2023 to Dec 31, 2023 • Filed on May 13, 2024

441 Greg Ave Ste 100Santa Fe, NM 87501

(505) 309-0785

Siviq Scores

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

Liabilities / Assets

66th percentile

0.11x

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

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.09x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Net Margin

14th percentile

-27%

Higher net margin than 14% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

92nd percentile

$109,799

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 11.7% of source-year revenue.

2023 filings • NTEE A • $500k-$1M nonprofits • Source year 2023

Asset Growth

14th percentile

-20%

Faster asset growth than 14% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-21%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • NTEE A • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$777,434

Down $197,856 (-20%) from 2022

Net Assets

Down

$688,381

Down $250,526 (-27%) from 2022

Liabilities

Up

$89,053

Up $52,670 (+145%) from 2022

Revenue

Down

$937,792

Down $242,905 (-21%) from 2022

Expenses

Up

$1,189,718

Up $161,219 (+16%) from 2022

Net Income

Down

-$251,926

Down $404,124 (-266%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2018: $483,945Liabilities 2018: $40,628Net Assets 2018: $443,3172018Assets 2019: $572,098Liabilities 2019: $19,884Net Assets 2019: $552,2142019Assets 2020: $905,131Liabilities 2020: $146,547Net Assets 2020: $758,5842020Assets 2021: $846,961Liabilities 2021: $60,252Net Assets 2021: $786,7092021Assets 2022: $975,290Liabilities 2022: $36,383Net Assets 2022: $938,9072022Assets 2023: $777,434Liabilities 2023: $89,053Net Assets 2023: $688,3812023Assets 2024: $709,045Liabilities 2024: $52,685Net Assets 2024: $656,3602024

Highlighted filing

2023

Assets$777,434
Liabilities$89,053
Net Assets$688,381

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $1,079,093Expenses 2018: $654,153Net Income 2018: $424,9402018Revenue 2019: $827,328Expenses 2019: $718,431Net Income 2019: $108,8972019Revenue 2020: $1,008,162Expenses 2020: $801,792Net Income 2020: $206,3702020Revenue 2021: $1,080,972Expenses 2021: $1,052,847Net Income 2021: $28,1252021Revenue 2022: $1,180,697Expenses 2022: $1,028,499Net Income 2022: $152,1982022Revenue 2023: $937,792Expenses 2023: $1,189,718Net Income 2023: -$251,9262023Revenue 2024: $898,368Expenses 2024: $930,452Net Income 2024: -$32,0842024

Highlighted filing

2023

Revenue$937,792
Expenses$1,189,718
Net Income-$251,926
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 13, 2024
Return Version
2023v5.0
Gross Receipts
$937,792
Mission and Program Overview

Mission

Searchlight new mexico news delivers high-impact investigative reporting to inspire new mexicans to demand action on systemic problems that plague new mexico.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$535,969$669,539▲ $133,570
Pledges and Grants Receivable$413,500--
Accounts Receivable$13,580$40,150▲ $26,570
Prepaid Expenses and Deferred Charges$6,196$9,786▲ $3,590
Savings and Temporary Cash Investments$5,000$8,373▲ $3,373
Land, Buildings, and Equipment, Net$1,045$209▼ $836
Total Assets$975,290$777,434▼ $197,856
Other Assets Total-$49,377-
Liabilities
Other Liabilities-$50,710-
Accounts Payable and Accrued Expenses$36,383$38,343▲ $1,960
Total Liabilities$36,383$89,053▲ $52,670
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$938,907$688,381▼ $250,526
Total Net Assets Fund Balance$938,907$688,381▼ $250,526
Total Liabilities and Net Assets / Fund Balance$975,290$777,434▼ $197,856

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$209$3,973$4,182
Other Assets Org$49,377--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sara SolovitchExecutive DiFT$109,799$109,799

Board Members and Trustees

NameTitle
Susan BoePresident
Daniel YohalemDirector
Dolly MansonDirector
Martin KaiserDirector
Raymond RiveraDirector
Rick RodriguezDirector
Sylvia Ramos CruzDirector
Carmella PadillaSecretary
Marcia SouthwickTreasurer
Sandra BlakesleeVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$932,264
Program Service Revenue
$0
Investment Income
$5,528
Other Revenue
$0
All Other Contributions
$932,264
Change in Net Assets
$-251,926

Audited Revenue Reconciliation

Revenue per Audited Statements
$937,792
Revenue Not Reported on Form 990
$2,400
Total Revenue per Audited Statements
$940,192
Total Revenue per Form 990
$937,792
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$956,513
Other Expenses$233,205
Total Fundraising Expense$69,028
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$549,235$106,976$40,243$696,454
Current Officers, Directors, Trustees, and Key Employees$85,273$17,055$11,370$113,698
Other Employee Benefits$66,533$14,643$3,594$84,770
Payroll Taxes$47,559$10,101$3,931$61,591
Fees for Services Other$40,378$2,708$6,750$49,836
Information Technology$35,913--$35,913
Occupancy$25,159$6,958$849$32,966
Fees for Services Accounting-$27,487-$27,487
Travel$22,868--$22,868
Insurance$11,882$3,951$401$16,234
Office Expenses$10,601$624$1,148$12,373
Advertising$8,284--$8,284
Conferences and Meetings$5,073$27$547$5,647
Other Expenses$1,945-$195$1,945
Depreciation Depletion$837--$837
Fees for Services Legal-$385-$385
Total Functional Expenses$929,775$190,915$69,028$1,189,718

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,190,718
Expenses per Audited Statements$1,189,718
Total Expenses per Form 990$1,189,718
Expenses Not Reported on Form 990$1,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$50,710
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Review and approval comes from the executive committee, which is authorized by the bylaws to act on behalf of the board.

Form 990, Page 6, Part VI, Line 12C

An annual signed declaration is submitted to the board by all directors and officers.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews executive director performance annually and approves any changes to compensation.

Form 990, Page 6, Part VI, Line 19

A hard-copy binder of governing documents, policies, financial statements and 990 is available to the public at the office of searchlight new mexico. Each board member possesses such a binder, readily accessible on request. Documents are also provided by email within 10 business days of written request. The form 990 is available on the irs and new mexico attorney general websites.

Filing and Contact Details

Filer

Filer Name
Searchlight New Mexico News
EIN
81-3234552
Phone
5053090785
Address
441 GREG AVE STE 100, SANTA FE, NM 87501

Signing Officer

Name
Sara Solovitch
Title
Executive Director
Phone
5053090785
Signed
2024-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Solovitch
Formed
2017
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
14

Preparer

Firm
501(c)pa
Address
3900 OSUNA RD NE STE 260, ALBUQUERQUE, NM 87109
Preparer
Monica Stapleton
Phone
5054331350
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Board members served on volunteer basis.

Form 990, Page 2, Part III, Line 4A

Ed williams series, nowhere to go, jointly published with propublica, influenced the opening remarks in the 2023 legislative session. Two related bills were introduced as a result one demanding additional state data, another calling for the creation of a task force to study and document runaway foster youth. The attorney generals office used our reporting to support a bill creating an office of childrens rights. Two of the three bills ultimately passed but were then vetoed by the governor, who instead issued an executive order to reform the states child welfare department. Searchlight examined the epidemic of police shootings across the state and the fact that the vast majority of these occur after a mental illness call, usually from a family member. Joshua bowling and vanessa snchez published deep-dive stories on mental health and police responses. Their work, calling in crisis, documented the impact of new programs in las cruces and albuquerque both created to utilize mental health professionals instead of police. Civilian response programs, such as these, are still in their infancy stage and, as authorities acknowledge, its difficult to measure success. People in the throes of a mental health crisis are likely to be met with an armed police response, and advocates say that leaves them highly vulnerable. But the story itself was met with great interest. It was republished in the guardian, and joshua presented his findings at a panel at nmsu in las cruces for sunshine week. He also appeared on krwg and knmes new mexico in focus. In august, criminal justice reporter joshua bowling wrote a hard-hitting story about police killings of civilians 350 across the state over the past decade, more in albuquerque than nearly any major city in the u.s. In april, we published a significant story that showed how hospital closures have put untold numbers of mothers and infants at risk. The story by vanessa snchez was republished by virtually every news outlet in the state and led directly to the resignation of the entire board of the new mexico perinatal collaborative. We remain in touch with our sources and are following their progress as they seek solutions. Weve also been contacted by a state senator about legislation for the 2024 session to increase funding for maternal and child health.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is exempt from income tax under section 501(c)(3) of the u.s. Internal revenue code (irc). The organization is also exempt from new mexico state income tax under 1978 new mexico statutes chapter 7, section 2-4(b). The organization has adopted accounting principles generally accepted in the united states of america as they relate to uncertain tax positions for the year ended december 31, 2023 and has evaluated its tax positions taken for all open tax years. However, the organization is not currently under audit nor has the organization been contacted by any of these jurisdictions. Management believes that the activities of the organization are within their tax-exempt purpose and that there are no uncertain tax positions.

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IRS990/Desc0ED WILLIAMS SERIES, NOWHERE TO GO, JOINTLY PUBLISHED WITH PROPUBLICA, INFLUENCED THE OPENING REMARKS IN THE 2023 LEGISLATIVE SESSION. TWO RELATED BILLS WERE INTRODUCED AS A RESULT ONE DEMANDING ADDITIONAL STATE DATA, ANOTHER CALLING FOR THE CREATION OF A TASK FORCE TO STUDY AND DOCUMENT RUNAWAY FOSTER YOUTH. THE ATTORNEY GENERALS OFFICE USED OUR REPORTING TO SUPPORT A BILL CREATING AN OFFICE OF CHILDRENS RIGHTS. TWO OF THE THREE BILLS ULTIMATELY PASSED BUT WERE THEN VETOED BY THE GOVERNOR, WHO INSTEAD ISSUED AN EXECUTIVE ORDER TO REFORM THE STATES CHILD WELFARE DEPARTMENT. SEARCHLIGHT EXAMINED THE EPIDEMIC OF POLICE SHOOTINGS ACROSS THE STATE AND THE FACT THAT THE VAST MAJORITY OF THESE OCCUR AFTER A MENTAL ILLNESS CALL, USUALLY FROM A FAMILY MEMBER. JOSHUA BOWLING AND VANESSA SNCHEZ PUBLISHED DEEP-DIVE STORIES ON MENTAL HEALTH AND POLICE RESPONSES. THEIR WORK, CALLING IN CRISIS, DOCUMENTED THE IMPACT OF NEW PROGRAMS IN LAS CRUCES AND ALBUQUERQUE BOTH CREATED TO UTILIZE MENTAL HEALTH PROFESSIONALS INSTEAD OF POLICE. CIVILIAN RESPONSE PROGRAMS, SUCH AS THESE, ARE STILL IN THEIR INFANCY STAGE AND, AS AUTHORITIES ACKNOWLEDGE, ITS DIFFICULT TO MEASURE SUCCESS. PEOPLE IN THE THROES OF A MENTAL HEALTH CRISIS ARE LIKELY TO BE MET WITH AN ARMED POLICE RESPONSE, AND ADVOCATES SAY THAT LEAVES THEM HIGHLY VULNERABLE. BUT THE STORY ITSELF WAS MET WITH GREAT INTEREST. IT WAS REPUBLISHED IN THE GUARDIAN, AND JOSHUA PRESENTED HIS FINDINGS AT A PANEL AT NMSU IN LAS CRUCES FOR SUNSHINE WEEK. HE ALSO APPEARED ON KRWG AND KNMES NEW MEXICO IN FOCUS. IN AUGUST, CRIMINAL JUSTICE REPORTER JOSHUA BOWLING WROTE A HARD-HITTING STORY ABOUT POLICE KILLINGS OF CIVILIANS 350 ACROSS THE STATE OVER THE PAST DECADE, MORE IN ALBUQUERQUE THAN NEARLY ANY MAJOR CITY IN THE U.S. IN APRIL, WE PUBLISHED A SIGNIFICANT STORY THAT SHOWED HOW HOSPITAL CLOSURES HAVE PUT UNTOLD NUMBERS OF MOTHERS AND INFANTS AT RISK. THE STORY BY VANESSA SNCHEZ WAS REPUBLISHED BY VIRTUALLY EVERY NEWS OUTLET IN THE STATE AND LED DIRECTLY TO THE RESIGNATION OF THE ENTIRE BOARD OF THE NEW MEXICO PERINATAL COLLABORATIVE. WE REMAIN IN TOUCH WITH OUR SOURCES AND ARE FOLLOWING THEIR PROGRESS AS THEY SEEK SOLUTIONS. WEVE ALSO BEEN CONTACTED BY A STATE SENATOR ABOUT LEGISLATION FOR THE 2024 SESSION TO INCREASE FUNDING FOR MATERNAL AND CHILD HEALTH.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (IRC). THE ORGANIZATION IS ALSO EXEMPT FROM NEW MEXICO STATE INCOME TAX UNDER 1978 NEW MEXICO STATUTES CHAPTER 7, SECTION 2-4(B). THE ORGANIZATION HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AS THEY RELATE TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2023 AND HAS EVALUATED ITS TAX POSITIONS TAKEN FOR ALL OPEN TAX YEARS. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACTIVITIES OF THE ORGANIZATION ARE WITHIN THEIR TAX-EXEMPT PURPOSE AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS SERVED ON VOLUNTEER BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ED WILLIAMS SERIES, NOWHERE TO GO, JOINTLY PUBLISHED WITH PROPUBLICA, INFLUENCED THE OPENING REMARKS IN THE 2023 LEGISLATIVE SESSION. TWO RELATED BILLS WERE INTRODUCED AS A RESULT ONE DEMANDING ADDITIONAL STATE DATA, ANOTHER CALLING FOR THE CREATION OF A TASK FORCE TO STUDY AND DOCUMENT RUNAWAY FOSTER YOUTH. THE ATTORNEY GENERALS OFFICE USED OUR REPORTING TO SUPPORT A BILL CREATING AN OFFICE OF CHILDRENS RIGHTS. TWO OF THE THREE BILLS ULTIMATELY PASSED BUT WERE THEN VETOED BY THE GOVERNOR, WHO INSTEAD ISSUED AN EXECUTIVE ORDER TO REFORM THE STATES CHILD WELFARE DEPARTMENT. SEARCHLIGHT EXAMINED THE EPIDEMIC OF POLICE SHOOTINGS ACROSS THE STATE AND THE FACT THAT THE VAST MAJORITY OF THESE OCCUR AFTER A MENTAL ILLNESS CALL, USUALLY FROM A FAMILY MEMBER. JOSHUA BOWLING AND VANESSA SNCHEZ PUBLISHED DEEP-DIVE STORIES ON MENTAL HEALTH AND POLICE RESPONSES. THEIR WORK, CALLING IN CRISIS, DOCUMENTED THE IMPACT OF NEW PROGRAMS IN LAS CRUCES AND ALBUQUERQUE BOTH CREATED TO UTILIZE MENTAL HEALTH PROFESSIONALS INSTEAD OF POLICE. CIVILIAN RESPONSE PROGRAMS, SUCH AS THESE, ARE STILL IN THEIR INFANCY STAGE AND, AS AUTHORITIES ACKNOWLEDGE, ITS DIFFICULT TO MEASURE SUCCESS. PEOPLE IN THE THROES OF A MENTAL HEALTH CRISIS ARE LIKELY TO BE MET WITH AN ARMED POLICE RESPONSE, AND ADVOCATES SAY THAT LEAVES THEM HIGHLY VULNERABLE. BUT THE STORY ITSELF WAS MET WITH GREAT INTEREST. IT WAS REPUBLISHED IN THE GUARDIAN, AND JOSHUA PRESENTED HIS FINDINGS AT A PANEL AT NMSU IN LAS CRUCES FOR SUNSHINE WEEK. HE ALSO APPEARED ON KRWG AND KNMES NEW MEXICO IN FOCUS. IN AUGUST, CRIMINAL JUSTICE REPORTER JOSHUA BOWLING WROTE A HARD-HITTING STORY ABOUT POLICE KILLINGS OF CIVILIANS 350 ACROSS THE STATE OVER THE PAST DECADE, MORE IN ALBUQUERQUE THAN NEARLY ANY MAJOR CITY IN THE U.S. IN APRIL, WE PUBLISHED A SIGNIFICANT STORY THAT SHOWED HOW HOSPITAL CLOSURES HAVE PUT UNTOLD NUMBERS OF MOTHERS AND INFANTS AT RISK. THE STORY BY VANESSA SNCHEZ WAS REPUBLISHED BY VIRTUALLY EVERY NEWS OUTLET IN THE STATE AND LED DIRECTLY TO THE RESIGNATION OF THE ENTIRE BOARD OF THE NEW MEXICO PERINATAL COLLABORATIVE. WE REMAIN IN TOUCH WITH OUR SOURCES AND ARE FOLLOWING THEIR PROGRESS AS THEY SEEK SOLUTIONS. WEVE ALSO BEEN CONTACTED BY A STATE SENATOR ABOUT LEGISLATION FOR THE 2024 SESSION TO INCREASE FUNDING FOR MATERNAL AND CHILD HEALTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEW AND APPROVAL COMES FROM THE EXECUTIVE COMMITTEE, WHICH IS AUTHORIZED BY THE BYLAWS TO ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN ANNUAL SIGNED DECLARATION IS SUBMITTED TO THE BOARD BY ALL DIRECTORS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS REVIEWS EXECUTIVE DIRECTOR PERFORMANCE ANNUALLY AND APPROVES ANY CHANGES TO COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A HARD-COPY BINDER OF GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND 990 IS AVAILABLE TO THE PUBLIC AT THE OFFICE OF SEARCHLIGHT NEW MEXICO. EACH BOARD MEMBER POSSESSES SUCH A BINDER, READILY ACCESSIBLE ON REQUEST. DOCUMENTS ARE ALSO PROVIDED BY EMAIL WITHIN 10 BUSINESS DAYS OF WRITTEN REQUEST. THE FORM 990 IS AVAILABLE ON THE IRS AND NEW MEXICO ATTORNEY GENERAL WEBSITES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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