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0049 Forty-Niners FY2022 filing

Not tax-deductible

Albuquerque, NM501(c)(19)Mutual / membership EIN 85-0196051Revenue $497K in FY2022

On file with the IRS11005 Central Ave Ne, 87123-2801 · Albuquerque, NMTax-exempt since Mar 1946

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To Provide Assistance and Services to veterans and their families and promote community development through youth activities.

501(c)(19) veterans' organization; gifts are not tax-deductible as charitable contributions.
1¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(19)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $77K a year · 21% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0.5%
of spending
Concern: 1% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$635K
64% of total assets
Fine: liabilities are 64% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$497K
+9% vs prior year
Spent
$199K
To programs
0.5%
Net assets
$359K
By yearFY2021–FY2024
Revenue
$497K
FY2022▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2021$457K
FY2022$497K
FY2023$434K
FY2024$102K
Expenses
$199K
FY2022▼ -60%
Tap a bar for its year
Expenses by fiscal year
FY2021$496K
FY2022$199K
FY2023$418K
FY2024$69K
Net assets
$359K
FY2022▲ +66%
Tap a bar for its year
Net assets by fiscal year
FY2021$215K
FY2022$359K
FY2023$349K
FY2024−$381K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 1946.

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

Where the money goes

1 cents of each dollar spent went to programs.

Program services 1% · $1K Management & general 99% · $198K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Ramona Harris
Post Commander
$0Pt VII · Sec A
Cristie Nixon
2nd Vice Commander/Acting Club Manager
$0Pt VII · Sec A
Howard Gallegos
President, Board of Trustees
$0Pt VII · Sec A
See 0049 Forty-Niners 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps veterans and families, and builds community through youth programs.

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3 programs · in their own filed words · FY2022
01

Banquet Hall Rentals, no change

Pt IX · col B
02

Storage Units, no change

Pt IX · col B
03

Vending, no change

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$497K
Ln 12
Fees for servicesLn 2g$401K
Other incomeLn 4–11$81K
Gifts and grantsLn 1h$16K
Money outPt IX
$199K
Ln 25
Programscol B$1K
Managementcol C$198K
Owns and owesPt X
$359K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$994K
LiabilitiesLn 26$635K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$401K
Other incomeLn 4–11$81K
Total revenueLn 12$497K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$943K
Total assetsLn 16$994K
LiabilitiesLn 26$635K
Net assetsLn 32$359K
OperationsPt I, VI
EmployeesI 510
VolunteersI 625
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 FY22End FY22
Cash and savingsLn 1–2$10K$3K
Land, buildings, equipmentLn 10c$612K$943K
Total assetsLn 16$659K$994K
LiabilitiesLn 26$444K$635K
Net assetsLn 32$215K$359K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$150K$150K
Accounting feesLn 11c$14K$14K
Office expensesLn 13$10K$400$10K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$13K$620$12K
Total functional expensesLn 25$199K$1K$198K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $102K$69K$32K−$381K 990 PDF
FY2023 $434K$418K$15K$349K 990 PDF
FY2022 Viewing $497K$199K$299K$359K 990 PDF
FY2021 $457K$496K−$39K$215K 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 FY2022 990 (6 parts)
Part I · Summary $497,144 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,845$15,939
I-9 Program service revenuePrior year $380,165$400,572
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $47,659$80,633
I-12 Total revenuePrior year $456,669$497,144
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $185,781$150,094
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $310,382$48,444
I-18 Total expensesPrior year $496,163$198,538
I-19 Revenue less expensesPrior year −$39,494$298,606
Part VI · Governance 10 of 10 board members independent, 5 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $497,144 across 6 lines filed
Lines not itemized here account for $80,633 of total revenue; see the IRS return.
VIII-1b Membership dues$7,312
VIII-1f All other contributions, gifts and grants$6,000
VIII-1g Noncash contributions (included above)$5,000
VIII-1h Total contributions, gifts and grants$15,939
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $400,572$400,572
VIII-12 Total revenueRelated to mission $400,572 · Unrelated business $0 · Excluded from tax $0$497,144
Part IX · Statement of functional expenses $198,538 across 6 lines filed
IX-7 Other salaries and wagesManagement $150,094$150,094
IX-11c Accounting feesManagement $14,334$14,334
IX-13 Office expensesPrograms $400 · Management $10,040$10,440
IX-19 Conferences, conventions and meetingsManagement $1,500$1,500
IX-23 InsuranceManagement $9,400$9,400
IX-24 Other expenses (24a–d)Programs $620 · Management $12,150$12,770
IX-25 Total functional expensesPrograms $1,020 · Management $197,518 · Fundraising $0$198,538
Part X · Balance sheet $994,106 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $9,838$2,954
X-8 Inventories for sale or useStart of year $17,637$25,142
X-10c Land, buildings and equipment, netStart of year $612,000$942,800
X-14 Intangible assetsStart of year $19,610$23,210
X-16 Total assetsStart of year $659,085$994,106
X-17 Accounts payable and accrued expenses$47,300
X-24 Unsecured notes and loans payableStart of year $53,585$54,200
X-25 Other liabilities$147,838
X-26 Total liabilitiesStart of year $443,620$635,393
X-32 Total net assets or fund balancesStart of year $215,465$358,713
X-33 Total liabilities and net assetsStart of year $659,085$994,106
Part XI · Reconciliation of net assets $358,713 net assets at year end
XI-1 Total revenue$497,144
XI-2 Total expenses$198,538
XI-3 Revenue less expenses$298,606
XI-4 Net assets at start of year$215,465
XI-6 Donated services and use of facilities$0
XI-9 Other changes in net assets−$216,172
XI-10 Net assets at end of year$358,713

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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