Civic Intelligence

Economic Forum

990 • Fiscal year 2023 • EIN 85-0322187

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 25, 2024

Organization ProfileWWW.ECON-FORUM.COM
2500 Louisiana NE Suite 512Albuquerque, NM 87110

(505) 980-5430

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$650,950

Flat from 2023

Net Assets

Flat

$519,030

Flat from 2023

Liabilities

Flat

$131,920

Flat from 2023

Revenue And Expenses

Revenue

Flat

$441,102

Flat from 2023

Expenses

Flat

$416,012

Flat from 2023

Net Income

Flat

$25,090

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $178,684Liabilities 2011: $117,324Net Assets 2011: $61,3602011Assets 2012: $231,829Liabilities 2012: $125,613Net Assets 2012: $106,2162012Assets 2013: $271,236Liabilities 2013: $120,750Net Assets 2013: $150,4862013Assets 2014: $332,507Liabilities 2014: $123,346Net Assets 2014: $209,1612014Assets 2015: $376,059Liabilities 2015: $121,350Net Assets 2015: $254,7092015Assets 2016: $388,267Liabilities 2016: $120,435Net Assets 2016: $267,8322016Assets 2017: $433,397Liabilities 2017: $118,061Net Assets 2017: $315,3362017Assets 2018: $476,796Liabilities 2018: $117,568Net Assets 2018: $359,2282018Assets 2019: $513,913Liabilities 2019: $103,607Net Assets 2019: $410,3062019Assets 2020: $559,931Liabilities 2020: $112,674Net Assets 2020: $447,2572020Assets 2021: $597,639Liabilities 2021: $112,698Net Assets 2021: $484,9412021Assets 2022: $650,286Liabilities 2022: $156,346Net Assets 2022: $493,9402022Assets 2023: $650,950Liabilities 2023: $131,920Net Assets 2023: $519,0302023Assets 2023: $650,950Liabilities 2023: $131,920Net Assets 2023: $519,0302023Assets 2024: $563,570Liabilities 2024: $109,109Net Assets 2024: $454,4612024

Highlighted filing

2023

Assets$650,950
Liabilities$131,920
Net Assets$519,030
Open 2023 Filing

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $309,887Expenses 2011: $276,308Net Income 2011: $33,5792011Revenue 2012: $324,900Expenses 2012: $280,044Net Income 2012: $44,8562012Revenue 2013: $330,289Expenses 2013: $286,019Net Income 2013: $44,2702013Revenue 2014: $347,280Expenses 2014: $288,605Net Income 2014: $58,6752014Revenue 2015: $351,013Expenses 2015: $305,465Net Income 2015: $45,5482015Revenue 2016: $343,741Expenses 2016: $330,618Net Income 2016: $13,1232016Revenue 2017: $351,072Expenses 2017: $303,568Net Income 2017: $47,5042017Revenue 2018: $369,269Expenses 2018: $325,377Net Income 2018: $43,8922018Revenue 2019: $398,175Expenses 2019: $347,097Net Income 2019: $51,0782019Revenue 2020: $308,708Expenses 2020: $271,757Net Income 2020: $36,9512020Revenue 2021: $347,746Expenses 2021: $310,062Net Income 2021: $37,6842021Revenue 2022: $370,506Expenses 2022: $361,507Net Income 2022: $8,9992022Revenue 2023: $441,102Expenses 2023: $416,012Net Income 2023: $25,0902023Revenue 2023: $441,102Expenses 2023: $416,012Net Income 2023: $25,0902023Revenue 2024: $409,856Expenses 2024: $474,425Net Income 2024: -$64,5692024

Highlighted filing

2023

Revenue$441,102
Expenses$416,012
Net Income$25,090
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 25, 2024
Return Version
2023v5.0
Gross Receipts
$441,102
Mission and Program Overview

Mission

To organize and work with local and state businesses, government and educational institutions for the purposes of achieving objectives that will improve the economic welfare of the city of albuquerque, county of bernalillo and the state of new mexico.

To organize and work with local and state businesses, government and education institutions for the purpose of achieving objectives that will improve the economic welfare of metropolitan albuquerque.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$477,652$451,897▼ $25,755
Cash and Non-Interest-Bearing Accounts$91,203$112,724▲ $21,521
Accounts Receivable$27,325$56,085▲ $28,760
Land, Buildings, and Equipment, Net$7,698$5,156▼ $2,542
Prepaid Expenses and Deferred Charges$6,870$2,094▼ $4,776
Total Assets$650,286$650,950▲ $664
Other Assets Total$39,538$22,994▼ $16,544
Liabilities
Deferred Revenue$114,997$101,720▼ $13,277
Other Liabilities$39,538$22,994▼ $16,544
Accounts Payable and Accrued Expenses$1,811$7,206▲ $5,395
Total Liabilities$156,346$131,920▼ $24,426
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$493,940$519,030▲ $25,090
Total Net Assets Fund Balance$493,940$519,030▲ $25,090
Total Liabilities and Net Assets / Fund Balance$650,286$650,950▲ $664

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,156$39,525$44,681
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Katharine WinogradExecutive DiFT$130,000$130,000

Board Members and Trustees

NameTitle
Mike StevensChair
Meg Lewis MeisterChair Elect
Michelle CoonsImmediate Pa
Cole FlanaganMember
Kellie MixonMember
Kevin LorentzenMember
Michelle CoonsMember
Paul MondragonMember
Thomas R BrionesMember
Will MartinexMember
Alexis Kerschner TappanSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$433,187
Investment Income
$7,915
Other Revenue
$0
Change in Net Assets
$25,090
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$208,114
Other Expenses$207,898
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$110,500$19,500-$130,000
Conferences and Meetings$119,261$571-$119,832
Other Salaries and Wages$53,550$9,450-$63,000
Information Technology$32,588$5,751-$38,339
Occupancy$15,036$2,653-$17,689
Payroll Taxes$12,847$2,267-$15,114
Office Expenses$5,904$7,393-$13,297
Fees for Services Accounting$8,128$1,434-$9,562
Depreciation Depletion$3,825$675-$4,500
Insurance$2,461$434-$2,895
Travel$927$164-$1,091
Other Expenses$3$7-$10
Total Functional Expenses$365,263$50,749$0$416,012
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
In-house lobbying only
No
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$22,994
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 6

“All full dues paying members have the right to vote for directors (governing body). The board of directors approves significant issues in regard to operations of the entity.”

Form 990, Page 6, Part VI, Line 7A

“All full dues-paying members have the right to vote for directors (governing body).”

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

“Form 990 is reviewed and approved at the appropriately timed board of directors meeting prior to filing.”

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

“Determination of the compensation for the executive director is reviewed and/or recommended by the board chairman and other officers. Any proposed changes are approved by the full board. There are no other key employees of the organization.”

Form 990, Page 6, Part VI, Line 19

“The organization makes its governing documents, policies and financial statements available upon request. Inquiries should be made to the executive director.”

Filing and Contact Details

Filer

Filer Name
Economic Forum
EIN
85-0322187
Phone
5059805430
Address
2500 LOUISIANA NE SUITE 512, ALBUQUERQUE, NM 87110

Signing Officer

Name
Katharine Winograd
Title
Executive Director
Phone
5059805430
Signed
2024-03-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Katharine Winograd
Formed
1983
Legal Domicile
Nm
Voting Board Members
11
Independent Board Members
11
Employees
2

Preparer

Firm
Kubiak Melton & Associates LLC
Address
6747 ACADEMY RD NE STE A, ALBUQUERQUE, NM 87109
Preparer
Daniel O Trujillo CPA
Phone
5058225100
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To organize and work with local and state businesses, government and educational institutions for the purposes of achieving objectives that will improve the economic welfare of the city of albuquerque, county of bernalillo and the state of new mexico.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Economic forum has adopted the provisions of asc 740-10, accounting for uncertainty in income taxes. The forum recognizes the tax (benefit) expense from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by the tax authorities, based on the technical merits of the position. Any such tax (benefit) expense is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The forum had no unrecognized tax benefits at december 31, 2023 and 2022. The forum files an exempt return with the internal revenue service (irs). It is not a "private foundation" for tax purposes. Forum had no taxable unrelated business income for the years ended december 31, 2023 and 2022. Accordingly, a provision for income taxes has not been established in the accompanying financial statements.”

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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/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0477652
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0451897
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IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt05156
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039525
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt044681
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITY
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ECONOMIC FORUM HAS ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FORUM RECOGNIZES THE TAX (BENEFIT) EXPENSE FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. ANY SUCH TAX (BENEFIT) EXPENSE IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FORUM HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 AND 2022. THE FORUM FILES AN EXEMPT RETURN WITH THE INTERNAL REVENUE SERVICE (IRS). IT IS NOT A "PRIVATE FOUNDATION" FOR TAX PURPOSES. FORUM HAD NO TAXABLE UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN ESTABLISHED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05156
IRS990ScheduleD/TotalLiabilityAmt022994
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ORGANIZE AND WORK WITH LOCAL AND STATE BUSINESSES, GOVERNMENT AND EDUCATIONAL INSTITUTIONS FOR THE PURPOSES OF ACHIEVING OBJECTIVES THAT WILL IMPROVE THE ECONOMIC WELFARE OF THE CITY OF ALBUQUERQUE, COUNTY OF BERNALILLO AND THE STATE OF NEW MEXICO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL FULL DUES PAYING MEMBERS HAVE THE RIGHT TO VOTE FOR DIRECTORS (GOVERNING BODY). THE BOARD OF DIRECTORS APPROVES SIGNIFICANT ISSUES IN REGARD TO OPERATIONS OF THE ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL FULL DUES-PAYING MEMBERS HAVE THE RIGHT TO VOTE FOR DIRECTORS (GOVERNING BODY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS REVIEWED AND APPROVED AT THE APPROPRIATELY TIMED BOARD OF DIRECTORS MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DETERMINATION OF THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS REVIEWED AND/OR RECOMMENDED BY THE BOARD CHAIRMAN AND OTHER OFFICERS. ANY PROPOSED CHANGES ARE APPROVED BY THE FULL BOARD. THERE ARE NO OTHER KEY EMPLOYEES OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. INQUIRIES SHOULD BE MADE TO THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0650950
IRS990/TotalAssetsGrp/BOYAmt0650286
IRS990/TotalAssetsGrp/EOYAmt0650950
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050749
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0365263
IRS990/TotalFunctionalExpensesGrp/TotalAmt0416012
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0156346
IRS990/TotalLiabilitiesEOYAmt0131920
IRS990/TotalLiabilitiesGrp/BOYAmt0156346
IRS990/TotalLiabilitiesGrp/EOYAmt0131920
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0493940
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0519030
IRS990/TotalProgramServiceRevenueAmt0433187
IRS990/TotalReportableCompFromOrgAmt0130000
IRS990/TotalRevenueGrp/ExclusionAmt07915
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0433187
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0441102
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0650286
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0650950
IRS990/TravelGrp/ManagementAndGeneralAmt0164
IRS990/TravelGrp/ProgramServicesAmt0927
IRS990/TravelGrp/TotalAmt01091
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02500 LOUISIANA NE STE 512
IRS990/USAddress/CityNm0ALBUQUERQUE
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd087110
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0HTTPS://WWW.ECON-FORUM.COM/
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KATHARINE WINOGRAD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05059805430
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-03-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ECONOMIC FORUM
ReturnHeader/Filer/BusinessNameControlTxt0ECON
ReturnHeader/Filer/EIN0850322187
ReturnHeader/Filer/PhoneNum05059805430
ReturnHeader/Filer/USAddress/AddressLine1Txt02500 LOUISIANA NE SUITE 512
ReturnHeader/Filer/USAddress/CityNm0ALBUQUERQUE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd087110
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481255955
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KUBIAK MELTON & ASSOCIATES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06747 ACADEMY RD NE STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ALBUQUERQUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd087109
ReturnHeader/PreparerPersonGrp/PhoneNum05058225100
ReturnHeader/PreparerPersonGrp/PreparationDt02024-04-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL O TRUJILLO CPA
ReturnHeader/ReturnTs02024-04-08T13:14:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KATHIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WINOGRAD
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$650,950
Liabilities
$131,920
Net assets
$519,030
Revenue
$441,102
Expenses
$416,012
Net income
$25,090
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$1.09$4.54$4.10$4.74$0.65
2023Detailed filing. Detailed filing data is available for this year.$6.51$1.32$5.19$4.41$4.16$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.51$1.32$5.19$4.41$4.16$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$1.56$4.94$3.71$3.62$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.98$1.13$4.85$3.48$3.10$0.38
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.60$1.13$4.47$3.09$2.72$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.14$1.04$4.10$3.98$3.47$0.51
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.77$1.18$3.59$3.69$3.25$0.44
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.33$1.18$3.15$3.51$3.04$0.48
2016Summary only. Only limited summary data is available for this year.$3.88$1.20$2.68$3.44$3.31$0.13
2015Summary only. Only limited summary data is available for this year.$3.76$1.21$2.55$3.51$3.05$0.46
2014Summary only. Only limited summary data is available for this year.$3.33$1.23$2.09$3.47$2.89$0.59
2013Summary only. Only limited summary data is available for this year.$2.71$1.21$1.50$3.30$2.86$0.44
2012Summary only. Only limited summary data is available for this year.$2.32$1.26$1.06$3.25$2.80$0.45
2011Summary only. Only limited summary data is available for this year.$1.79$1.17$0.61$3.10$2.76$0.34