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501(c)pa FY2023 filing

Tax-deductible

Albuquerque, NM501(c)(3)Community Development EIN 45-2848527Revenue $1.2M in FY2023

On file with the IRS501cpa.org3900 Osuna Rd Ne Ste 260, 87109-4459 · Albuquerque, NMTax-exempt since Jul 2012Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$105K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $71K a year · 6% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 8% of spending
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $135K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$67K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+11% vs prior year
Spent
$1.3M
To programs
87%
Net assets
$450K
By yearFY2021–FY2025
Revenue
$1.2M
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2021$916K
FY2022$1.1M
FY2023$1.2M
FY2024$1.4M
FY2025$1.6M
Expenses
$1.3M
FY2023▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2021$760K
FY2022$1.1M
FY2023$1.3M
FY2024$1.3M
FY2025$1.4M
Net assets
$450K
FY2023▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2021$495K
FY2022$527K
FY2023$450K
FY2024$552K
FY2025$698K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2012.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.1M Management & general 13% · $162K Fundraising 1% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$104,653Pt VII · Sec A
$0Pt VII · Sec A
Janet Garcia
Director
$0Pt VII · Sec A
Jabeen Vagh
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kim Wong
Secretary
$0Pt VII · Sec A
Lilia Ruiz
Treasurer
$0Pt VII · Sec A

Monica Stapleton’s $121K as CEO is at the 31st percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
David Rivard———$126,889$115,182
Monica Stapleton$120,865$105,150$104,653$101,274—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

501(C)PA provided accounting, payroll, budgeting, grant reporting, audit assistance, cfo, and COVID-19 pandemic resources acquisition to over 50 nonprofit organizations during this fiscal year. During this past year 501(C)PA assisted new mexico nonprofit organizations access over 2,863,350 in employee retention credits.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Anchorum Health FoundationFY2024$100K
Marshall L and Perrine D McCune Charitable FoundationFY2024$35K
Total grants receivedfrom 2 funders$135K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$125K
Investment incomeLn 3$881
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$162K
Fundraisingcol D$8K
Owns and owesPt X
$450K
net assets · Ln 32
Cash and savingsLn 1–2$321K
Total assetsLn 16$517K
LiabilitiesLn 26$67K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$125K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$881
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$307K
Cash and savings togetherLn 1–2$321K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$517K
LiabilitiesLn 26$67K
Net assetsLn 32$450K
OperationsPt I, VI
EmployeesI 515
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$433K$321K
Land, buildings, equipmentLn 10c$11K$9K
Total assetsLn 16$591K$517K
LiabilitiesLn 26$65K$67K
Net assetsLn 32$527K$450K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$127K$104K$19K$4K
Other salaries and wagesLn 7$834K$734K$96K$4K
Pension plan contributionsLn 8$20K$17K$3K$5
Other employee benefitsLn 9$49K$41K$8K$18
Payroll taxesLn 10$64K$56K$7K$347
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$11K$9K$1K
Advertising and promotionLn 12$3K$2K$2K
Office expensesLn 13$3K$2K$784
Information technologyLn 14$99K$95K$4K
OccupancyLn 16$7K$6K$1K
TravelLn 17$2K$2K$449
Conferences, conventions and meetingsLn 19$2K$84$2K
Depreciation, depletion and amortizationLn 22$16K$14K$1K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$34K$31K$2K
Total functional expensesLn 25$1.3M$1.1M$162K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$1.4M$145K$698K 990 PDF
FY2024 $1.4M$1.3M$101K$552K 990 PDF
FY2023 Viewing $1.2M$1.3M−$77K$450K 990 PDF
FY2022 $1.1M$1.1M$32K$527K 990 PDF
FY2021 $916K$760K$156K$495K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,207,013 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $220,000$125,000
I-9 Program service revenuePrior year $863,655$1,081,132
I-10 Investment incomePrior year $385$881
I-11 Other revenue$0
I-12 Total revenuePrior year $1,084,040$1,207,013
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $916,855$1,094,466
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $135,141$189,177
I-18 Total expensesPrior year $1,051,996$1,283,643
I-19 Revenue less expensesPrior year $32,044−$76,630
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,207,013 across 5 lines filed
VIII-1f All other contributions, gifts and grants$125,000
VIII-1h Total contributions, gifts and grants$125,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,081,132$1,081,132
VIII-3 Investment incomeExcluded from tax $881$881
VIII-12 Total revenueRelated to mission $1,081,132 · Excluded from tax $881$1,207,013
Part IX · Statement of functional expenses $1,283,643 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $103,663 · Management $19,223 · Fundraising $3,685$126,571
IX-7 Other salaries and wagesPrograms $734,070 · Management $95,845 · Fundraising $4,398$834,313
IX-8 Pension plan contributionsPrograms $16,665 · Management $3,400 · Fundraising $5$20,070
IX-9 Other employee benefitsPrograms $40,940 · Management $8,293 · Fundraising $18$49,251
IX-10 Payroll taxesPrograms $56,480 · Management $7,434 · Fundraising $347$64,261
IX-11c Accounting feesManagement $10,344$10,344
IX-11g Other fees for servicesPrograms $9,469 · Management $1,251$10,720
IX-12 Advertising and promotionPrograms $1,758 · Management $1,656$3,414
IX-13 Office expensesPrograms $1,913 · Management $784$2,697
IX-14 Information technologyPrograms $94,657 · Management $4,189$98,846
IX-16 OccupancyPrograms $5,760 · Management $1,440$7,200
IX-17 TravelPrograms $1,720 · Management $449$2,169
IX-19 Conferences, conventions and meetingsPrograms $84 · Management $1,669$1,753
IX-22 Depreciation, depletion and amortizationPrograms $14,348 · Management $1,330$15,678
IX-23 InsuranceManagement $2,674$2,674
IX-24 Other expenses (24a–d)Programs $31,243 · Management $2,439$33,682
IX-25 Total functional expensesPrograms $1,112,770 · Management $162,420 · Fundraising $8,453$1,283,643
Part X · Balance sheet $516,561 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $71,762$14,395
X-2 Savings and temporary cash investmentsStart of year $361,480$306,856
X-4 Accounts receivableStart of year $100,913$148,441
X-9 Prepaid expenses and deferred chargesStart of year $16,549$21,938
X-10c Land, buildings and equipment, netStart of year $11,157$8,767
X-14 Intangible assetsStart of year $29,451$16,164
X-16 Total assetsStart of year $591,312$516,561
X-17 Accounts payable and accrued expensesStart of year $64,743$66,622
X-26 Total liabilitiesStart of year $64,743$66,622
X-27 Net assets without donor restrictionsStart of year $389,446$436,965
X-28 Net assets with donor restrictionsStart of year $137,123$12,974
X-32 Total net assets or fund balancesStart of year $526,569$449,939
X-33 Total liabilities and net assetsStart of year $591,312$516,561
Part XI · Reconciliation of net assets $449,939 net assets at year end
XI-1 Total revenue$1,207,013
XI-2 Total expenses$1,283,643
XI-3 Revenue less expenses−$76,630
XI-4 Net assets at start of year$526,569
XI-10 Net assets at end of year$449,939

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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