Grant County Art Guild FY2024 filing

Tax-deductible

Silver City, NM501(c)(3)Since 1982Arts & CultureEIN 51-0160714Revenue $46K in FY2024

On file with the IRSgcag.org316 N Bullard St, 88061-5310 · Silver City, NMTax-exempt since Jul 2003Publicly supported charity — 170(b)(1)(A)(vi)

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To support local Art and artists and increase Art awareness in the community.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
2 of 3
filings with a surplus
Average surplus $7K a year · 16% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$25K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$46K
+14% vs prior year
Spent
$38K
To programs
100%
Net assets
$33K
By yearFY2023–FY2025
Revenue
$46K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2023$40K
FY2024$46K
FY2025$42K
Expenses
$38K
FY2024▲ +63%
Tap a bar for its year
Expenses by fiscal year
FY2023$23K
FY2024$38K
FY2025$45K
Net assets
$33K
FY2024▲ +67%
Tap a bar for its year
Net assets by fiscal year
FY2023$20K
FY2024$33K
FY2025$29K

From the FY2024 Form 990 · see the original

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You’re viewing the FY2024 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 2003.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $38K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Calendar Shifts
$0Pt VII · Sec A
Membership Chair
$0Pt VII · Sec A
See Grant County Art Guild executive salaries →

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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 15aNo

Programs and updates

Promotes local art and artists, increasing community art awareness.

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Provided by the organization

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1 program · $38K · in their own filed words · FY2024
01

Operate a gallery to show work of 39 local artists working in a variety of mediums. Educate and sponsor workshops for community members to promote art.

$38Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$46K
Ln 12
Gifts and grantsLn 1h$46K
Money outPt IX
$38K
Ln 25
Programscol B$38K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$58K
Total assetsLn 16$58K
LiabilitiesLn 26$25K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Total revenueLn 12$46K
Assets in detailPt X, end of year
CashLn 1$58K
Cash and savings togetherLn 1–2$58K
Total assetsLn 16$58K
LiabilitiesLn 26$25K
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$42K$58K
Total assetsLn 16$42K$58K
LiabilitiesLn 26$23K$25K
Net assetsLn 32$20K$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$387$387
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$220$220
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$27K$27K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$5K$5K
All other expensesLn 24e$0
Total functional expensesLn 25$38K$38K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $42K$45K−$4K$29K 990 PDF
FY2024 Viewing $46K$38K$8K$33K 990 PDF
FY2023 $40K$23K$17K$20K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $45,973 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $40,203$45,973
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $40,203$45,973
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $23,466$38,140
I-18 Total expensesPrior year $23,466$38,140
I-19 Revenue less expensesPrior year $16,737$7,833
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $45,973 across 4 lines filed
VIII-1b Membership dues$2,420
VIII-1f All other contributions, gifts and grants$43,553
VIII-1h Total contributions, gifts and grants$45,973
VIII-12 Total revenue$45,973
Part IX · Statement of functional expenses $38,140 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $387$387
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $220$220
IX-12 Advertising and promotionPrograms $1,965$1,965
IX-13 Office expensesPrograms $3,269$3,269
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $26,607$26,607
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $1,051$1,051
IX-24 Other expenses (24a–d)Programs $4,641$4,641
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $38,140 · Management $0 · Fundraising $0$38,140
Part X · Balance sheet $58,229 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $42,193$58,229
X-16 Total assetsStart of year $42,193$58,229
X-17 Accounts payable and accrued expensesStart of year $22,523$25,405
X-26 Total liabilitiesStart of year $22,523$25,405
X-27 Net assets without donor restrictionsStart of year $16,925$32,824
X-32 Total net assets or fund balancesStart of year $19,670$32,824
X-33 Total liabilities and net assetsStart of year $42,193$58,229
Part XI · Reconciliation of net assets $32,824 net assets at year end
XI-1 Total revenue$45,973
XI-2 Total expenses$38,140
XI-3 Revenue less expenses$7,833
XI-4 Net assets at start of year$19,670
XI-9 Other changes in net assets$5,321
XI-10 Net assets at end of year$32,824

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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