Gallup Bid INC FY2021 filing

Tax-deductible

Gallup, NM501(c)(3)Since 2009Community DevelopmentEIN 80-0486327Revenue $305K in FY2021

On file with the IRSgogallup.comPo Box 4019, 87305-4019 · Gallup, NMTax-exempt since May 2014Publicly supported charity — 170(b)(1)(A)(vi)

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Revitalize the economically and socially depressed area of Gallup, NM.

501(c)(3) charity; gifts are tax-deductible.
81¢ 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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FY2021 · 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 6
filings with a surplus
Average surplus $28K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$17K
4% of total assets
Looks good: liabilities are 4% 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
$305K
+18% vs prior year
Spent
$198K
To programs
81%
Net assets
$390K
By yearFY2020–FY2025
Revenue
$305K
FY2021▲ +18%
Tap a bar for its year
Revenue by fiscal year
FY2020$258K
FY2021$305K
FY2022$343K
FY2023$248K
FY2024$242K
FY2025$242K
Expenses
$198K
FY2021▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$241K
FY2021$198K
FY2022$233K
FY2023$295K
FY2024$233K
FY2025$270K
Net assets
$390K
FY2021▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$283K
FY2021$390K
FY2022$500K
FY2023$453K
FY2024$462K
FY2025$119K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2011-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in May 2014.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $160K Management & general 17% · $35K Fundraising 2% · $4K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice-Pres/Se
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gallup Bid INC 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

Revitalizes Gallup, New Mexico's economically and socially depressed areas.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2020
01

Revitalize the economically depressed area of gallup, NM by showing the historic and cultural richness of the area thereby enticing businesses and people to relocate to the area. Hold events that will uplift as well engage the community.

$160Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$305K
Ln 12
Gifts and grantsLn 1h$305K
Fees for servicesLn 2g$432
Investment incomeLn 3$11
Money outPt IX
$198K
Ln 25
Programscol B$160K
Managementcol C$35K
Fundraisingcol D$4K
Owns and owesPt X
$390K
net assets · Ln 32
Cash and savingsLn 1–2$104K
Total assetsLn 16$407K
LiabilitiesLn 26$17K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Government grantsLn 1e$121K
Fees for servicesLn 2g$432
Investment incomeLn 3$11
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$92K
SavingsLn 2$12K
Cash and savings togetherLn 1–2$104K
Total assetsLn 16$407K
LiabilitiesLn 26$17K
Net assetsLn 32$390K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$45K$104K
Total assetsLn 16$286K$407K
LiabilitiesLn 26$3K$17K
Net assetsLn 32$283K$390K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$55K$33K$19K$3K
Payroll taxesLn 10$4K$3K$2K$217
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$65K$65K
Advertising and promotionLn 12$8K$8K$420
Office expensesLn 13$1K$709$455$15
TravelLn 17$1K$1K
InsuranceLn 23$1K$950$253
Other expenses (24a–d)Ln 24$53K$41K$12K$294
All other expensesLn 24e$2K$939$896
Total functional expensesLn 25$198K$160K$35K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $242K$270K−$27K$119K 990 PDF
FY2024 $242K$233K$10K$462K 990 PDF
FY2023 $248K$295K−$47K$453K 990 PDF
FY2022 $343K$233K$110K$500K 990 PDF
FY2021 Viewing $305K$198K$107K$390K 990 PDF
FY2020 $258K$241K$17K$283K 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 FY2021 990 (6 parts)
Part I · Summary $305,337 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $255,651$304,894
I-9 Program service revenuePrior year $2,343$432
I-10 Investment incomePrior year $36$11
I-11 Other revenue$0
I-12 Total revenuePrior year $258,030$305,337
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $61,184$59,645
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $179,947$138,610
I-18 Total expensesPrior year $241,131$198,255
I-19 Revenue less expensesPrior year $16,899$107,082
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $305,337 across 6 lines filed
VIII-1e Government grants$120,864
VIII-1f All other contributions, gifts and grants$184,030
VIII-1h Total contributions, gifts and grants$304,894
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $432$432
VIII-3 Investment incomeExcluded from tax $11$11
VIII-12 Total revenueExcluded from tax $443$305,337
Part IX · Statement of functional expenses $198,255 across 10 lines filed
IX-7 Other salaries and wagesPrograms $33,185 · Management $19,358 · Fundraising $2,765$55,308
IX-10 Payroll taxesPrograms $2,602 · Management $1,518 · Fundraising $217$4,337
IX-11c Accounting feesPrograms $6,964$6,964
IX-11g Other fees for servicesPrograms $64,501$64,501
IX-12 Advertising and promotionPrograms $7,975 · Fundraising $420$8,395
IX-13 Office expensesPrograms $709 · Management $455 · Fundraising $15$1,179
IX-17 TravelPrograms $1,291$1,291
IX-23 InsurancePrograms $950 · Management $253$1,203
IX-24 Other expenses (24a–d)Programs $40,870 · Management $12,078 · Fundraising $294$53,242
IX-24e All other expensesPrograms $939 · Management $896$1,835
IX-25 Total functional expensesPrograms $159,986 · Management $34,558 · Fundraising $3,711$198,255
Part X · Balance sheet $406,770 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $33,385$92,196
X-2 Savings and temporary cash investmentsStart of year $11,618$11,629
X-3 Pledges and grants receivableStart of year $240,505$302,945
X-16 Total assetsStart of year $285,508$406,770
X-17 Accounts payable and accrued expensesStart of year $1,365$15,548
X-25 Other liabilitiesStart of year $1,557$1,554
X-26 Total liabilitiesStart of year $2,922$17,102
X-27 Net assets without donor restrictionsStart of year $282,586$389,668
X-32 Total net assets or fund balancesStart of year $282,586$389,668
X-33 Total liabilities and net assetsStart of year $285,508$406,770
Part XI · Reconciliation of net assets $389,668 net assets at year end
XI-1 Total revenue$305,337
XI-2 Total expenses$198,255
XI-3 Revenue less expenses$107,082
XI-4 Net assets at start of year$282,586
XI-10 Net assets at end of year$389,668

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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