ALBUQUERQUE REGIONAL ECONOMIC ALLIANCE Charity Report

Public IRS 990 nonprofit record

ALBUQUERQUE REGIONAL ECONOMIC ALLIANCE

EIN 85-0157216 · Economic Development (S30)

What they do

to STRENGTHEN THE ALBUQUERQUE METROPOLITAN AREA THROUGH THE RECRUITMENT of BUSINESS and INDUSTRY, and BY PROVIDING SUPPORT for THE RETENTION and EXPANSION of ECONOMIC BASE EMPLOYERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $85.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders42 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

90.42%of revenue went to mission work85.4% of expenses · Program services

$85.46spent for every $100 of revenueRevenue covered expenses this year.

15.46%of revenue went to management and office costs14.6% of expenses

$2.19in assets for every $1 spent this yearSome assets cannot be spent right away.

62.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $337,299 for DANIELLE CASEY (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,891,669

Mission workProgram services$1,710,37990.42% of revenue85.4% of expenses

ManagementOffice and general costs$292,37415.46% of revenue14.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$2,002,753105.87% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 105.87% of revenue

2023Expense mix: 86.0% mission · 14.0% management · 0.0% fundraisingTotal expenses: 101.05% of revenue

2022Expense mix: 84.8% mission · 15.2% management · 0.0% fundraisingTotal expenses: 114.40% of revenue

2021Expense mix: 79.8% mission · 20.2% management · 0.0% fundraisingTotal expenses: 88.24% of revenue

2020Expense mix: 76.4% mission · 23.6% management · 0.0% fundraisingTotal expenses: 109.65% of revenue

2019Expense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 106.24% of revenue

2018Expense mix: 86.9% mission · 13.1% management · 0.0% fundraisingTotal expenses: 110.95% of revenue

2017Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 112.11% of revenue

Money in and money out

Revenue$2,343,577

Expenses$2,002,753

Annual surplus $340,824 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,710,379 · 85.4% of expenses

Management and office costs$292,374 · 14.6% of expenses

See all reported dollar amounts

Revenue$2,343,577

Expenses$2,002,753

Assets$4,388,307

Income$2,998,988

Contributions$1,465,968

Mission work (program services)$1,710,379

Management and general$292,374

Stocks and bonds$3,340,754

Accounting fees$57,220

Investing fees$24,016

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DANIELLE CASEYPRESIDENT AND CEO · 40 hrs/week $337,299Base $314,578 · Other $22,721

CHAD R MATHESONINTERIM CEO · 40 hrs/week $197,572Base $167,871 · Other $29,701

MARY TIEMANCHIEF OPERATIONS OFFICER · 40 hrs/week $104,902Base $100,128 · Other $4,774

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (42)

DANIELLE CASEYPRESIDENT AND CEO

CHAD R MATHESONINTERIM CEO

MARY TIEMANCHIEF OPERATIONS OFFICER

ROXANNA MEYERSBOARD MEMBER

KYLE BEASLEYBOARD MEMBER

LEEAN KRAVITZBOARD MEMBER

LORIE ANNE MCBRIDEBOARD MEMBER

MEG MEISTERBOARD MEMBER

MICHELLE DEARHOLTBOARD MEMBER

MIKE CANFIELDBOARD MEMBER

PEPPER LANGBOARD MEMBER

PHIL CASAUSBOARD MEMBER

ROBIN DIVINEBOARD MEMBER

JUSTIN HORWITZBOARD MEMBER

RUTH HUNING-GONZALESBOARD MEMBER

RYAN SHELLBOARD MEMBER

SHAD JAMESBOARD MEMBER

TERESA CONSTANTINIDISTREASURER

TRACY HARTZLERBOARD MEMBER

TROY GREERBOARD MEMBER

WALT BENSONBOARD MEMBER

WAYNE JOHNSONBOARD MEMBER

DON TARRYCHAIR

ADRIAN MONTOYABOARD MEMBER

BEN SPENCERBOARD MEMBER

BENJAMIN GARDNERBOARD MEMBER

BRIAN BROWNBOARD MEMBER

CAROLINE GARCIABOARD MEMBER

CELINA BUSSEYSECRETARY

CYNTHIA SCHULTZBOARD MEMBER

DAN LONGBOARD MEMBER

DEBBIE HARMSBOARD MEMBER

KENT CRAVENSBOARD MEMBER

ERIC WEINSTEINBOARD MEMBER

FRANK GALLEGOSBOARD MEMBER

JANICE TORREZBOARD MEMBER

JIM CHYNOWETHBOARD MEMBER

JOAN TAFOYABOARD MEMBER

JOANIE GRIFFINBOARD MEMBER

JOE FARRBOARD MEMBER

JOSH PARSONSCHAIR ELECT

ADAM LEYBABOARD MEMBER

About this charity

Recognized since: January 2022
Location: 201 3RD ST NW STE 1900, ALBUQUERQUE, NM 87102-3379
County: Bernalillo
In care of: % CHAD MATHESON
Primary officer: CHAD MATHESON, INTERIM CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@abq.org Phone(505) 705-3777

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: JARAMILLO ACCOUNTING GROUP LLC
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development