Civic Intelligence

The Taos Community Foundation Inc

EIN 85-0425147 • 501(c)3 • Taos, NM

Profile

The foundation's mission is to improve the quality of life for people in taos and western colfax counties by building and managing endowment funds, by awarding grants to local nonprofit organizations, convening area residents to discuss issues of critical importance to the community, and providing leadership for key community initiatives. 30,000 people served.

PO Box 1925Taos, NM 87571-1925

www.taoscf.org

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.10x

Higher debt load relative to assets than 92% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

93rd percentile

0.55x

Higher debt load relative to revenue than 93% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Net Margin

56th percentile

28%

Higher net margin than 56% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$53,446

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

NTEE T • $10M-$25M nonprofits • Source year 2024

Asset Growth

79th percentile

13%

Faster asset growth than 79% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

23rd percentile

-25%

Faster revenue growth than 23% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$24,065,665

Up $2,626,609 (+12%) from 2023

Liabilities

Up

$2,340,661

Up $232,110 (+11%) from 2023

Net Assets

Up

$21,725,004

Up $2,394,499 (+12%) from 2023

Revenue

Down

$4,223,618

Down $880,934 (-17%) from 2023

Expenses

Down

$3,021,936

Down $1,013,997 (-25%) from 2023

Net Income

Up

$1,201,682

Up $133,063 (+12%) from 2023

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,140,230Liabilities 2010: $2,145,823Net Assets 2010: $2,994,4072010Assets 2011: $6,548,906Liabilities 2011: $2,564,453Net Assets 2011: $3,984,4532011Assets 2012: $6,503,900Liabilities 2012: $2,551,402Net Assets 2012: $3,952,4982012Assets 2013: $7,142,696Liabilities 2013: $2,725,516Net Assets 2013: $4,417,1802013Assets 2014: $7,903,845Liabilities 2014: $3,090,427Net Assets 2014: $4,813,4182014Assets 2015: $7,731,268Liabilities 2015: $3,078,566Net Assets 2015: $4,652,7022015Assets 2016: $7,776,706Liabilities 2016: $2,994,887Net Assets 2016: $4,781,8192016Assets 2017: $10,174,236Liabilities 2017: $3,148,575Net Assets 2017: $7,025,6612017Assets 2018: $10,276,923Liabilities 2018: $3,004,323Net Assets 2018: $7,272,6002018Assets 2019: $12,667,825Liabilities 2019: $3,397,454Net Assets 2019: $9,270,3712019Assets 2020: $13,668,437Liabilities 2020: $3,872,173Net Assets 2020: $9,796,2642020Assets 2021: $23,186,903Liabilities 2021: $4,996,224Net Assets 2021: $18,190,6792021Assets 2022: $21,028,128Liabilities 2022: $4,072,363Net Assets 2022: $16,955,7652022Assets 2023: $21,439,056Liabilities 2023: $2,108,551Net Assets 2023: $19,330,5052023Assets 2024: $24,065,665Liabilities 2024: $2,340,661Net Assets 2024: $21,725,0042024

Highlighted filing

2024

Assets$24,065,665
Liabilities$2,340,661
Net Assets$21,725,004

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $896,3742010Revenue 2011: $1,626,878Expenses 2011: $1,136,483Net Income 2011: $490,3952011Expenses 2012: $1,001,6042012Expenses 2013: $927,9262013Revenue 2014: $1,714,430Expenses 2014: $1,372,257Net Income 2014: $342,1732014Revenue 2015: $989,897Expenses 2015: $1,187,154Net Income 2015: -$197,2572015Revenue 2016: $1,658,909Expenses 2016: $1,291,197Net Income 2016: $367,7122016Revenue 2017: $3,139,786Expenses 2017: $1,428,429Net Income 2017: $1,711,3572017Revenue 2018: $1,670,652Expenses 2018: $1,611,826Net Income 2018: $58,8262018Revenue 2019: $4,089,531Expenses 2019: $2,056,609Net Income 2019: $2,032,9222019Revenue 2020: $2,995,533Expenses 2020: $2,441,407Net Income 2020: $554,1262020Revenue 2021: $9,966,648Expenses 2021: $2,957,939Net Income 2021: $7,008,7092021Revenue 2022: $6,485,071Expenses 2022: $3,435,155Net Income 2022: $3,049,9162022Revenue 2023: $5,104,552Expenses 2023: $4,035,933Net Income 2023: $1,068,6192023Revenue 2024: $4,223,618Expenses 2024: $3,021,936Net Income 2024: $1,201,6822024

Highlighted filing

2024

Revenue$4,223,618
Expenses$3,021,936
Net Income$1,201,682

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.1$2.34$21.7$4.22$3.02$1.20
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.4$2.11$19.3$5.10$4.04$1.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$4.07$17.0$6.49$3.44$3.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.2$5.00$18.2$9.97$2.96$7.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$3.87$9.80$3.00$2.44$0.55
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$3.40$9.27$4.09$2.06$2.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.3$3.00$7.27$1.67$1.61$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.2$3.15$7.03$3.14$1.43$1.71
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.78$2.99$4.78$1.66$1.29$0.37
2015Detailed filing. Detailed filing data is available for this year.$7.73$3.08$4.65$0.99$1.19$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.90$3.09$4.81$1.71$1.37$0.34
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.14$2.73$4.42$0.93
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$2.55$3.95$1.00
2011Summary only. Only limited summary data is available for this year.$6.55$2.56$3.98$1.63$1.14$0.49
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.14$2.15$2.99$0.90
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$4,945,072
Mission and Program Overview

Mission

The foundation's mission is to improve the quality of life for people in taos and western colfax counties by building and managing endowment funds, by awarding grants to local nonprofit organizations, by convening area residents to discuss issues of critical importance to the community, and by providing leadership for key community initiatives. 30,000 people served.

The foundation's mission is to improve the quality of life for the people in the communities we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$18,800,497$20,428,421▲ $1,627,924
Cash and Non-Interest-Bearing Accounts$2,091,386$2,527,879▲ $436,493
Land, Buildings, and Equipment, Net$375,475$349,650▼ $25,825
Savings and Temporary Cash Investments$96,931$126,910▲ $29,979
Accounts Receivable-$52,625-
Pledges and Grants Receivable$28,670$6,600▼ $22,070
Prepaid Expenses and Deferred Charges$9,897$6,429▼ $3,468
Total Assets$21,439,056$24,065,665▲ $2,626,609
Other Assets Total$36,200$567,151▲ $530,951
Liabilities
Other Liabilities$1,879,522$2,058,546▲ $179,024
Grants Payable$155,136$199,152▲ $44,016
Accounts Payable and Accrued Expenses$73,893$82,963▲ $9,070
Total Liabilities$2,108,551$2,340,661▲ $232,110
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,603,232$20,233,728▲ $1,630,496
Net Assets Without Donor Restrictions$727,273$1,491,276▲ $764,003
Total Net Assets Fund Balance$19,330,505$21,725,004▲ $2,394,499
Total Liabilities and Net Assets / Fund Balance$21,439,056$24,065,665▲ $2,626,609

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$348,093$54,762$402,855
Leasehold Improvements$0$153,010$153,010
Equipment$1,557$57,902$59,459

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$14,264,216$698,244▲ $888,851-$15,430,620
2023$12,708,749$1,447,065▲ $585,593-$14,264,216
2022$13,364,507$725,131▼ $971,382-$12,708,749
2021$7,031,689$5,690,066▲ $914,712-$13,364,507
2020$10,367,213$434,101▲ $421,712$739$7,031,689
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Catherine Horsey End 032024Interim CEOFT$53,446$53,446
Revenue and Support

Revenue Composition

Contributions and Grants
$3,334,184
Program Service Revenue
$24,537
Investment Income
$806,838
Other Revenue
$58,059
All Other Contributions
$3,268,177
Change in Net Assets
$1,201,682

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$531,108Appraisal
Securities Publicly Traded451$73,156High Low
Cars and Other Vehicles1$2,150Sales Price
Total Noncash Contributions453$606,414-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,443,789
Other Expenses$1,055,076
Salaries, Compensation, and Employee Benefits$523,071
Total Fundraising Expense$47,619
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,333,027--$1,333,027
Fees for Services Other$435,220$137,043$17,131$589,394
Other Salaries and Wages$259,956$61,418$7,677$329,051
Office Expenses$160,852$44,445$10,975$216,272
Current Officers, Directors, Trustees, and Key Employees$92,597$21,877$2,735$117,209
Grants to Domestic Individuals$110,762--$110,762
Fees for Services Accounting$64,279$20,066$2,508$86,853
Advertising$55,278$18,174$2,272$75,724
Travel$21,596$7,100$887$29,583
Other Employee Benefits$21,973$5,191$649$27,813
Occupancy$20,261$6,662$832$27,755
Payroll Taxes$21,132$4,993$624$26,749
Depreciation Depletion$18,851$6,198$775$25,824
Pension Plan Contributions$17,577$4,153$519$22,249
Other Expenses$1,202$284$35$1,521
Total Functional Expenses$2,636,713$337,604$47,619$3,021,936
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
100 Taos County InitiativeTaos, NM501(c)(3)Core Operating Support$0
Alianza Agri-cultura De TaosTaos, NM501(c)(3)Core Operating Support$0
Always Loving Mankind Food PantryAngel Fire, NM501(c)(3)Core Operating Support$0
Amigos BravosTaos, NM501(c)(3)Core Operating Support$0
Animal BalancePortland, OR501(c)(3)Core Operating Support$0
Artstreams From the Well of MemoryRanchos De Taos, NM501(c)(3)Core Operating Support$0
Bridges Project for EducationTaos, NM501(c)(3)Core Operating Support$0
Community Against Violence IncTaos, NM501(c)(3)Core Operating Support$0
De La Tierra a La CosechaTaos, NM501(c)(3)Core Operating Support$0
Dreamtree ProjectTaos, NM501(c)(3)Core Operating Support$0
El Pueblito United Methodist ChurchEl Prado, NM501(c)(3)Core Operating Support$0
Embudo Valley Tutoring AssociationDixon, NM501(c)(3)Core Operating Support$0
Equine Spirit SanctuaryRanchos De Taos, NM501(c)(3)Core Operating Support$0
Freedom Center ChurchQuesta, NM501(c)(3)Core Operating Support$0
Friends of the Questa Public LibraryQuesta, NM501(c)(3)Core Operating Support$0
Golden Willow RetreatArroyo Hondo, NM501(c)(3)Core Operating Support$0
Heart of TaosTaos, NM501(c)(3)Core Operating Support$0
High Desert HoundsQuesta, NM501(c)(3)Core Operating Support$0
Holy Cross Medical Center- Cancer Support ServicesTaos, NM501(c)(3)Core Operating Support$0
Lions Club of Taos IncTaos, NM501(c)(3)Core Operating Support$0
Living Word MinistriesQuesta, NM501(c)(3)Core Operating Support$0
LocalogyQuesta, NM501(c)(3)Core Operating Support$0
Mas ComunidadPenasco, NM501(c)(3)Core Operating Support$0
Metta TheatreEl Prado, NM501(c)(3)Core Operating Support$0
Moreno Valley High SchoolAngel Fire, NM501(c)(3)Core Operating Support$0
Music From Angel FireAngel Fire, NM501(c)(3)Core Operating Support$0
New Mexico Community TrustAlbuquerque, NM501(c)(3)Core Operating Support$0
New Mexico Wilderness AllianceAlbuquerque, NM501(c)(3)Core Operating Support$0
North Central Food PantryQuesta, NM501(c)(3)Core Operating Support$0
Oo-oo-nah Art & Cultural CenterTaos, NM501(c)(3)Core Operating Support$0
Paseo ProjectTaos, NM501(c)(3)Core Operating Support$0
Questa Creative CouncilQuesta, NM501(c)(3)Core Operating Support$0
Questa Farmers Market Program of LocalogyQuesta, NM501(c)(3)Core Operating Support$0
Rio Grande Atp IncTaos, NM501(c)(3)Core Operating Support$0
Rivers & BirdsArroyo Seco, NM501(c)(3)Core Operating Support$0
Rocky Mountain Youth CorpsRanchos De Taos, NM501(c)(3)Core Operating Support$0
Roots and Wings Community SchoolQuesta, NM501(c)(3)Core Operating Support$0
SANTA'S HELPER'S DEL NORTE (LOCALOGY)Questa, NM501(c)(3)Core Operating Support$0
Sala Reach a Program of LocalogyQuesta, NM501(c)(3)Core Operating Support$0
Sangre De Cristo Youth RanchQuesta, NM501(c)(3)Core Operating Support$0
Somos (society of the Muse of the Southwest)Taos, NM501(c)(3)Core Operating Support$0
St James Episcopal ChurchTaos, NM501(c)(3)Core Operating Support$0
Stemarts LabEl Prado, NM501(c)(3)Core Operating Support$0
Stray Hearts Animal ShelterTaos, NM501(c)(3)Core Operating Support$0
Talpa Community CenterRanchos De Taos, NM501(c)(3)Core Operating Support$0
Taos AliveTaos, NM501(c)(3)Core Operating Support$0
Taos Behavioral HealthTaos, NM501(c)(3)Core Operating Support$0
Taos Center for the ArtsTaos, NM501(c)(3)Core Operating Support$0
Taos Coalition to End HomelessnessTaos, NM501(c)(3)Core Operating Support$0
Taos CountyTaos, NM501(c)(3)Core Operating Support$0
Taos County Economic Development CorpTaos, NM501(c)(3)Core Operating Support$0
Taos Elders and Neighbors Together (tent)Taos, NM501(c)(3)Core Operating Support$0
Taos Feeds TaosTaos, NM501(c)(3)Core Operating Support$0
Taos Feral Feline FriendsRanchos De Taos, NM501(c)(3)Core Operating Support$0
Taos Historic MuseumsTaos, NM501(c)(3)Core Operating Support$0
Taos Land TrustTaos, NM501(c)(3)Core Operating Support$0
Taos Pueblo Central Management System (cms)Taos, NM501(c)(3)Core Operating Support$0
Taos Search and Rescue (tsar)Taos, NM501(c)(3)Core Operating Support$0
Taos Sports Associates (taos Winter Sports Team)Taos, NM501(c)(3)Core Operating Support$0
The Couse FoundationTaos, NM501(c)(3)Core Operating Support$0
The Harwood Museum of ArtTaos, NM501(c)(3)Core Operating Support$0
True Kids 1Taos, NM501(c)(3)Core Operating Support$0
TwirlTaos, NM501(c)(3)Core Operating Support$0
Veterans OffgridCarson, NM501(c)(3)Core Operating Support$0
Youth HeartlineTaos, NM501(c)(3)Core Operating Support$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Funds Held as Agency Endowments$2,058,546
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1A

Board delegates to the executive committee (chair, vice chair, treasurer, and secretary) per bylaws to act when needed actions of the executive committee are reported back to the board for approval.

Form 990, Part VI, Section B, Line 11B

The form 990 is made available to the organization's governing body for review. In addition, the treasurer and the finance committee review the form 990 before filing.

Form 990, Part VI, Section B, Line 12C

Officers, directors, and key employees are required to disclose any conflicts annually and the disclosures are confirmed annually. Any board member with a conflict is not allowed to vote on the transaction.

Form 990, Part VI, Section B, Line 15

In determining compensation for officers and key employees, an independent review with comparability data is performed and the process is documented. The process is completed when there is a new individual hired; a change in status for an individual; or a new position is created. The process has not changed since the prior year and was last completed in 2023.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public on request. The foundation's form 990 and financial statements are also available on the organization's website and the nm attorney general website.

Filing and Contact Details

Filer

Filer Name
The Taos Community Foundation Inc
EIN
85-0425147
Phone
5757379300
Address
PO BOX 1925, TAOS, NM 87571-1925

Signing Officer

Name
Cj Grace
Title
CEO
Phone
5757379300
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cj Grace
Formed
1994
Legal Domicile
Nm
Voting Board Members
14
Independent Board Members
14
Employees
5
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
6501 AMERICAS PARKWAY NE SUITE 500, ALBUQUERQUE, NM 87110
Preparer
Jessica Locker CPA
Phone
5058428290
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 435,220. Management and general expenses 137,043. Fundraising expenses 17,131. Total expenses 589,394.

FORM 990, PART XII, LINE 2C:

The organization's audit oversight and selection process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The intent of the endowed funds is to create and build a permanent financial reserve, the earnings from which can be used for charitable purposes.

PART X, LINE 2:

The foundation recognizes the tax benefit 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 is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The foundation had no unrecognized tax benefits at june 30, 2024 and 2023, respectively.

Raw XML AppendixShowing 400 of 1,262 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsPayableAccrExpnssGrp/EOYAmt082963
IRS990/AccountsReceivableGrp/EOYAmt052625
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE IN THE COMMUNITIES WE SERVE.
IRS990/AdvertisingGrp/FundraisingAmt02272
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CJ GRACE
IRS990/BooksInCareOfDetail/PhoneNum05757379300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1925
IRS990/BooksInCareOfDetail/USAddress/CityNm0TAOS
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IRS990/Desc0GRANTS ARE MADE FROM DONOR ADVISED, DESIGNATED, ENDOWMENT, SCHOLARSHIP, DISCRETIONARY, AND EMERGENCY FUNDS, TO LOCAL NONPROFIT ORGANIZATIONS IN THE ARTS, CIVIC AFFAIRS, EDUCATION, ENVIRONMENT, AND HEALTH AND HUMAN SERVICES. PROGRAM SERVICES INCLUDE GRANTS MANAGEMENT, TECHNICAL ASSISTANCE TRAINING FOR LOCAL NONPROFIT ORGANIZATIONS, AND CONVENING AND LEADING COMMUNITY COLLABORATION EFFORTS.
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IRS990/FSAuditedInd01
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IRS990/MissionDesc0THE FOUNDATION'S MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE IN TAOS AND WESTERN COLFAX COUNTIES BY BUILDING AND MANAGING ENDOWMENT FUNDS, BY AWARDING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS, BY CONVENING AREA RESIDENTS TO DISCUSS ISSUES OF CRITICAL IMPORTANCE TO THE COMMUNITY, AND BY PROVIDING LEADERSHIP FOR KEY COMMUNITY INITIATIVES. 30,000 PEOPLE SERVED.
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