Civic Intelligence

Taos Art Museum

EIN 85-0400684 • 501(c)3 • Taos, NM

Profile

The Organization engages and inspires its national and international visitors, diverse local communities, and fellow institutions through historic preservation and interpretation of the Fechin House, studio and gardens; rich, relevant programs based on the collections and exhibitions; and a commitment to building cultural literacy and creative opportunity one visitor at a time.

227 Paseo del Pueblo NorteTaos, NM 87571

taosartmuseum.org

Siviq Scores

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

Liabilities / Assets

30th percentile

0.01x

Higher debt load relative to assets than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

37th percentile

0.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

91st percentile

56%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$91,454

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

8th percentile

-21%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

12th percentile

-25%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$3,635,956

Up $511,035 (+16%) from 2023

Liabilities

Up

$26,275

Up $3,924 (+18%) from 2023

Net Assets

Up

$3,609,681

Up $507,111 (+16%) from 2023

Revenue

Down

$917,553

Down $190,727 (-17%) from 2023

Expenses

Down

$402,906

Down $43,198 (-9.7%) from 2023

Net Income

Down

$514,647

Down $147,529 (-22%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,486,304Liabilities 2011: $2,8672011Assets 2012: $4,458,823Liabilities 2012: $14,9612012Assets 2013: $4,441,845Liabilities 2013: $25,316Net Assets 2013: $4,416,5292013Assets 2014: $4,374,025Liabilities 2014: $30,057Net Assets 2014: $4,343,9682014Assets 2015: $4,310,020Liabilities 2015: $31,637Net Assets 2015: $4,278,3832015Assets 2016: $4,344,706Liabilities 2016: $13,269Net Assets 2016: $4,331,4372016Assets 2017: $4,299,045Liabilities 2017: $5,882Net Assets 2017: $4,293,1632017Assets 2018: $4,291,122Liabilities 2018: $12,000Net Assets 2018: $4,279,1222018Assets 2019: $4,282,023Liabilities 2019: $6,796Net Assets 2019: $4,275,2272019Assets 2020: $4,302,809Liabilities 2020: $40,313Net Assets 2020: $4,262,4962020Assets 2021: $4,501,346Liabilities 2021: $23,910Net Assets 2021: $4,477,4362021Assets 2022: $5,764,977Liabilities 2022: $13,844Net Assets 2022: $5,751,1332022Assets 2023: $3,124,921Liabilities 2023: $22,351Net Assets 2023: $3,102,5702023Assets 2024: $3,635,956Liabilities 2024: $26,275Net Assets 2024: $3,609,6812024

Highlighted filing

2024

Assets$3,635,956
Liabilities$26,275
Net Assets$3,609,681

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $427,516Expenses 2011: $480,314Net Income 2011: -$52,7982011Revenue 2012: $450,884Expenses 2012: $490,459Net Income 2012: -$39,5752012Revenue 2013: $497,733Expenses 2013: $524,828Net Income 2013: -$27,0952013Revenue 2014: $496,859Expenses 2014: $569,420Net Income 2014: -$72,5612014Revenue 2015: $395,619Expenses 2015: $464,326Net Income 2015: -$68,7072015Revenue 2016: $358,284Expenses 2016: $305,230Net Income 2016: $53,0542016Revenue 2017: $285,379Expenses 2017: $323,653Net Income 2017: -$38,2742017Revenue 2018: $341,549Expenses 2018: $355,590Net Income 2018: -$14,0412018Revenue 2019: $335,672Expenses 2019: $339,567Net Income 2019: -$3,8952019Revenue 2020: $257,566Expenses 2020: $270,297Net Income 2020: -$12,7312020Revenue 2021: $525,389Expenses 2021: $310,449Net Income 2021: $214,9402021Revenue 2022: $1,646,553Expenses 2022: $346,695Net Income 2022: $1,299,8582022Revenue 2023: $1,108,280Expenses 2023: $446,104Net Income 2023: $662,1762023Revenue 2024: $917,553Expenses 2024: $402,906Net Income 2024: $514,6472024

Highlighted filing

2024

Revenue$917,553
Expenses$402,906
Net Income$514,647

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.64$0.03$3.61$0.92$0.40$0.51
2023Detailed filing. Detailed filing data is available for this year.$3.12$0.02$3.10$1.11$0.45$0.66
2022Detailed filing. Detailed filing data is available for this year.$5.76$0.01$5.75$1.65$0.35$1.30
2021Detailed filing. Detailed filing data is available for this year.$4.50$0.02$4.48$0.53$0.31$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.30$0.04$4.26$0.26$0.27$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.28$0.01$4.28$0.34$0.34$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.29$0.01$4.28$0.34$0.36$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.30$0.01$4.29$0.29$0.32$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.34$0.01$4.33$0.36$0.31$0.05
2015Detailed filing. Detailed filing data is available for this year.$4.31$0.03$4.28$0.40$0.46$0.07
2014Detailed filing. Detailed filing data is available for this year.$4.37$0.03$4.34$0.50$0.57$0.07
2013Detailed filing. Detailed filing data is available for this year.$4.44$0.03$4.42$0.50$0.52$0.03
2012Summary only. Only limited summary data is available for this year.$4.46$0.01$0.45$0.49$0.04
2011Summary only. Only limited summary data is available for this year.$4.49$0.00$0.43$0.48$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,160,994
Mission and Program Overview

Mission

The Organization engages and inspires its national and international visitors, diverse local communities, and fellow institutions through historic preservation and interpretation of the Fechin House, studio and gardens; rich, relevant programs based on the collections and exhibitions; and a commitment to building cultural literacy and creative opportunity one visitor at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$671,758$651,163▼ $20,595
Savings and Temporary Cash Investments$1,628,315$584,265▼ $1,044,050
Cash and Non-Interest-Bearing Accounts$120,183$254,877▲ $134,694
Investments in Publicly Traded Securities$20,450$21,937▲ $1,487
Inventories for Sale or Use$21,140$19,063▼ $2,077
Accounts Receivable$1,644$0▼ $1,644
Prepaid Expenses and Deferred Charges-$274-
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-
Intangible Assets-$0-
Total Assets$3,124,921$3,635,956▲ $511,035
Other Assets Total$661,431$2,104,377▲ $1,442,946
Liabilities
Other Liabilities$20,348$23,829▲ $3,481
Accounts Payable and Accrued Expenses$2,003$2,446▲ $443
Total Liabilities$22,351$26,275▲ $3,924
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,820,545$3,234,314▲ $1,413,769
Net Assets With Donor Restrictions$1,282,025$375,367▼ $906,658
Total Net Assets Fund Balance$3,102,570$3,609,681▲ $507,111
Total Liabilities and Net Assets / Fund Balance$3,124,921$3,635,956▲ $511,035

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$229,850$302,947$532,797
Leasehold Improvements$167,843$80,507$248,350
Land$217,621-$217,621
Other Land Buildings$35,568$100,827$136,395
Equipment$281$65,328$65,609
Other Assets Org$2,104,377--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$20,450-▲ $1,754-$21,937
2023$17,836-▲ $2,851-$20,450
2022$21,155-▼ $3,149-$17,836
2021$16,781-▲ $4,611-$21,154
2020$10,575-▲ $6,342-$16,781
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christy Schoedinger-ColemanExecutive DirectorFT$109,200$109,200

Board Members and Trustees

NameTitle
Robert DyerChairman
Robert A KorsmeierVice President
Tobin ClarkVice President
Ashely RolshovenDirector
Burns HargisDirector
Frank E Smurlo JrDirector
Jonathan VaughterDirector
Richard BumsteadDirector
Robert Corroon JrDirector
Nikki DonnerSecretary
Roger EiteljorgTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$661,106
Program Service Revenue
$83,656
Investment Income
$54,990
Other Revenue
$117,801
All Other Contributions
$661,106
Change in Net Assets
$514,647

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Works of Art2$59,500Appraisal
Books and Publications-$5,403Appraisal
Total Noncash Contributions2$64,903-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$207,014
Salaries, Compensation, and Employee Benefits$195,892
Total Fundraising Expense$40,335
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$27,300$54,600$27,300$109,200
Other Salaries and Wages$39,700$28,605-$68,305
Occupancy$54,209$8,197$2,117$64,523
Insurance$30,642$13,876$1,048$45,566
Fees for Services Accounting-$32,032-$32,032
Depreciation Depletion$25,562--$25,562
Payroll Taxes$6,945$8,620$2,822$18,387
Advertising$17,345--$17,345
All Other Expenses$638$2,045$43$2,726
Other Expenses$816$1,013$332$2,161
Interest-$455-$455
Fees for Service Investment Mgmnt Fees-$444-$444
Travel--$403$403
Total Functional Expenses$209,756$152,815$40,335$402,906
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$195,804
Fundraising Direct Expenses$110,005
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Auction$139,994$139,994$27,668$112,326
Gala Event$53,250$53,250$16,979$36,271
Total Events$193,244$193,244$109,819$83,425
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Membership Income$19,548
Accrued Expenses$2,639
Credit cards payable$1,642
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section B, Line 11B

The Form 990 is reviewed by the Executive Director and the Treasurer and signed by one of the organization's Officers. It is also offered to any Board member who desires to review it.

Form 990, Part VI, Section B, Line 15A

The board reviews other comparitive non profit organiztions and approves compensation of the executive director.

Form 990, Part VI, Section C, Line 19

The Organization keeps all governing documents, policies and financial statements available upon request at their offices.

Filing and Contact Details

Filer

Filer Name
Taos Art Museum
EIN
85-0400684
Phone
5757582690
Address
227 Paseo del Pueblo Norte, Taos, NM 87571

Signing Officer

Name
Roger Eiteljorg
Title
Treasurer
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roger Eiteljorg
Formed
1992
Legal Domicile
Nm
Voting Board Members
12
Independent Board Members
11
Employees
6

Preparer

Firm
Swinehart CPA PC
Address
515 Gusdorf Road Ste 3, Taos, NM 87571
Preparer
Sydney A Swinehart CPA
Phone
5757584111
Supplemental Narrative

Additional Explanations

Public Charity Classification

On July 16, 2025, the Department of Treasury / Internal Revenue Service issued a determination letter formally terminating the Organization's status as a private foundation. The Organization was reclassified as of January 01, 2020 as a public charity described in IRS Section 509(a)(2)and continued the classification as an organization exempt from federal income tax under IRS Section 501(c)(3).

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

FYE 2022, 2023 and 2024 election per FASB ASC 958:The museums collections which have been acquired through purchases and contributions since the museums inception are not recognized as assets on the statement of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or as decreases in net assets with donor restrictions if the assets used to purchase the items are restricted by donors. Gifts of cash restricted by donors for the purchase of art are reported as net assets with donor restrictions. Contributed collection items are not reflected in the financial statements. Proceeds from deaccessions or insurance recoveries are reflected as increases in the appropriate net asset classes.During 2024, the Museum received $ 64,903 of contributed collections not recorded in the statement of financial position in accordance to the policy.

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IRS990/Form990PartVIISectionAGrp/PersonNm5Robert A Korsmeier
IRS990/Form990PartVIISectionAGrp/PersonNm6Richard Bumstead
IRS990/Form990PartVIISectionAGrp/PersonNm7Roger Eiteljorg
IRS990/Form990PartVIISectionAGrp/PersonNm8Ashely Rolshoven
IRS990/Form990PartVIISectionAGrp/PersonNm9Burns Hargis
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
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IRS990/MissionDesc0The Organization engages and inspires its national and international visitors, diverse local communities, and fellow institutions through historic preservation and interpretation of the Fechin House, studio and gardens; rich, relevant programs based on the collections and exhibitions; and a commitment to building cultural literacy and creative opportunity one visitor at a time.
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