MUSEUM OF NEW MEXICO FOUNDATION Charity Report

Public IRS 990 nonprofit record

MUSEUM OF NEW MEXICO FOUNDATION

EIN 85-0202503 · Arts, Culture & Humanities (A115)

What they do

THE MUSEUM of NEW MEXICO FOUNDATION SUPPORTS THE MUSEUM of NEW MEXICO SYSTEM, IN COLLABORATION WITH THE MUSEUM of NEW MEXICO BOARD of REGENTS and THE NEW MEXICO DEPARTMENT of CULTURAL AFFAIRS. THE FOUNDATIONS PRINCIPAL ACTIVITIES ARE FUND DEVELOPMENT for EXHIBITIONS and EDUCATION PROGRAMS, RETAIL and LICENSING PROGRAMS, FINANCIAL MANAGEMENT, and ADVOCACY and SPECIAL INITIATIVES.THE FOUNDATION SERVES THESE NEW MEXICO DEPARTMENT of CULTURAL AFFAIRS INSTITUTIONS:- MUSEUM of INDIAN ARTS and CULTURE/LABORATORY of ANTHROPOLOGY- MUSEUM of INTERNATIONAL FOLK ART- NEW MEXICO HISTORY MUSEUM and PALACE of THE GOVERNORS- NEW MEXICO MUSEUM of ART- NEW MEXICO HISTORIC SITES- OFFICE of ARCHAEOLOGICAL STUDIES

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $90.40 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 leaders48 people are listed in the latest report.

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

Money made simple

42.84%of revenue went to mission work90.4% of expenses · Program services

0.64%of revenue went to fundraising1.3% of expenses

$47.38spent for every $100 of revenueRevenue covered expenses this year.

3.90%of revenue went to management and office costs8.2% of expenses

$7.14in assets for every $1 spent this yearSome assets cannot be spent right away.

41.7%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 $279,829 for JAMIE CLEMENTS (PRESIDENT/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$16,217,538

Mission workProgram services$6,947,53342.84% of revenue90.4% of expenses

ManagementOffice and general costs$632,1543.90% of revenue8.2% of expenses

FundraisingAsking for donations$103,7030.64% of revenue1.3% of expenses

Revenue left after expensesReported annual surplus$8,534,14852.62% of revenueShown in gray on the chart

Total expenses$7,683,39047.38% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

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: 90.4% mission · 8.2% management · 1.3% fundraisingTotal expenses: 47.38% of revenue

2023Expense mix: 93.5% mission · 5.2% management · 1.2% fundraisingTotal expenses: 95.75% of revenue

2022Expense mix: 96.1% mission · 3.0% management · 0.9% fundraisingTotal expenses: 126.44% of revenue

2021Expense mix: 95.5% mission · 3.7% management · 0.9% fundraisingTotal expenses: 78.60% of revenue

2020Expense mix: 93.5% mission · 5.3% management · 1.2% fundraisingTotal expenses: 60.66% of revenue

2019Expense mix: 92.4% mission · 6.5% management · 1.1% fundraisingTotal expenses: 60.27% of revenue

2018Expense mix: 89.7% mission · 9.0% management · 1.3% fundraisingTotal expenses: 60.64% of revenue

2017Expense mix: 93.4% mission · 5.5% management · 1.1% fundraisingTotal expenses: 57.76% of revenue

Money in and money out

Revenue$16,217,538

Expenses$7,683,390

Annual surplus $8,534,148 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)$6,947,533 · 90.4% of expenses

Management and office costs$632,154 · 8.2% of expenses

Fundraising$103,703 · 1.3% of expenses

See all reported dollar amounts

Revenue$16,217,538

Expenses$7,683,390

Assets$54,865,695

Income$54,520,325

Contributions$6,764,083

Mission work (program services)$6,947,533

Fundraising$103,703

Grants given$40,703,489

Average grant$4,522,610

Management and general$632,154

Executive compensation (total)$251,733

Stocks and bonds$27,059,375

Accounting fees$68,275

Investing fees$129,708

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

JAMIE CLEMENTSPRESIDENT/CEO · 40 hrs/week $279,829Base $237,235 · Other $42,594

GEORGINE CHAVEZ VP OFFINANCE & OPERATIONS · 40 hrs/week $135,096Base $108,964 · Other $26,132

MARIANN MINANA-LOVATO VP OFMEMBERSHIP & COMMUNICATION · 40 hrs/week $107,810Base $100,944 · Other $6,866

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 (48)

JAMIE CLEMENTSPRESIDENT/CEO

GEORGINE CHAVEZ VP OFFINANCE & OPERATIONS

MARIANN MINANA-LOVATO VP OFMEMBERSHIP & COMMUNICATION

NIMISH BHATTTRUSTEE

LAURA WIDMARTRUSTEE

MADELEINE WRIGHTTRUSTEE

MARGO THOMATRUSTEE

MARILYN HARRISTRUSTEE

MICHAEL KNIGHTCHAIR

MICHAEL REIDTRUSTEE

MICHAEL OGG MDTRUSTEE

NANCY BAKERVICE CHAIR

NATALIE RIVERATRUSTEE

KATE MOSSTRUSTEE

PAT HALLTRUSTEE

PATTY NEWMANTRUSTEE

PEGGY HUBBARDTRUSTEE

ROBERT GLICKTRUSTEE (THROUGH DECEMBER 2024)

ROBERT JONESTRUSTEE

RUTH HOGANTRUSTEE

SABRINA PRATTTRUSTEE

SANDY ZANETRUSTEE

SARA OTTOTRUSTEE

SUSIE HERMANTRUSTEE

WILSON SCANLANTRUSTEE

DIANE DOMENICITRUSTEE

BRUCE LARSENTRUSTEE

CARMEN GONZALESTRUSTEE

CAROLINE BURNETTTRUSTEE

CATHY ALLENTRUSTEE

CHRISTINE MCDERMOTTTRUSTEE

COURTNEY FINCH TAYLORTRUSTEE

DAN MONROEVICE CHAIR

DAVID ARMENTTRUSTEE

DEBORAH FRITZTRUSTEE

DEE ANN MCINTYRETRUSTEE

DENNIS A OTOOLE PHDTRUSTEE

KIRK ELLISTRUSTEE

EDELMA HUNTLEYSECRETARY

ELAIN COLETRUSTEE

ELMER TORRESTRUSTEE

FRIEDA SIMONSTRUSTEE

GREG DOVETRUSTEE

J SCOTT HALLTRUSTEE

JOE COLVINTRUSTEE

JOHN DUNCANTRUSTEE

JOHN MACUKASTREASURER

ALLAN AFFELDTTRUSTEE

About this charity

Recognized since: January 1964
Location: PO BOX 2065, SANTA FE, NM 87504-2065
County: Santa Fe
In care of: BRUCE LARSEN
Primary officer: BRUCE LARSEN, CHAIR

How to reach them

WebsiteVisit the charity’s website Phone(505) 982-6366

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BAKER TILLY ADVISORY GROUP LP
NTEE classification: Arts, Culture & Humanities (A115)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes