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0049 Forty-Niners FY2023 filing

Not tax-deductible

Albuquerque, NM501(c)(19)Mutual / membership EIN 85-0196051Revenue $434K in FY2023

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.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
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
$637K
65% of total assets
Fine: liabilities are 65% 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
$434K
-13% vs prior year
Spent
$418K
To programs
100%
Net assets
$349K
By yearFY2021–FY2024
Revenue
$434K
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2021$457K
FY2022$497K
FY2023$434K
FY2024$102K
Expenses
$418K
FY2023▲ +111%
Tap a bar for its year
Expenses by fiscal year
FY2021$496K
FY2022$199K
FY2023$418K
FY2024$69K
Net assets
$349K
FY2023▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2021$215K
FY2022$359K
FY2023$349K
FY2024−$381K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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

100 cents of each dollar spent went to programs.

Program services 100% · $418K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Howard Gallegos
President, Board of Trustees
$0Pt VII · Sec A
Rob Wilkins
Vice Commander, Club Manager
$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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Provided by the organization

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1 program · $359K · in their own filed words · FY2023
01

Support our veteran members and their families and promote community development through youth services.

$359Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$434K
Ln 12
Fees for servicesLn 2g$248K
Other incomeLn 4–11$122K
Gifts and grantsLn 1h$63K
Money outPt IX
$418K
Ln 25
Programscol B$418K
Owns and owesPt X
$349K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$986K
LiabilitiesLn 26$637K
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$63K
Fees for servicesLn 2g$248K
Other incomeLn 4–11$122K
Total revenueLn 12$434K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$943K
Total assetsLn 16$986K
LiabilitiesLn 26$637K
Net assetsLn 32$349K
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 FY23End FY23
Cash and savingsLn 1–2$3K$8K
Land, buildings, equipmentLn 10c$943K$943K
Total assetsLn 16$994K$986K
LiabilitiesLn 26$635K$637K
Net assetsLn 32$359K$349K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$28K$28K
Other salaries and wagesLn 7$167K$167K
Payroll taxesLn 10$17K$17K
Office expensesLn 13$29K$29K
OccupancyLn 16$27K$27K
TravelLn 17$75$75
InterestLn 20$37K$37K
Payments to affiliatesLn 21$32K$32K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$77K$77K
Total functional expensesLn 25$418K$418K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $102K$69K$32K−$381K 990 PDF
FY2023 Viewing $434K$418K$15K$349K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $433,572 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $65,698$63,298
I-9 Program service revenuePrior year $237,270$248,070
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $122,204$122,204
I-12 Total revenuePrior year $425,172$433,572
I-13 Grants and similar amounts paid$27,584
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $183,266$183,266
I-16a Professional fundraising fees$0
I-17 Other expenses$207,649
I-18 Total expensesPrior year $183,266$418,499
I-19 Revenue less expensesPrior year $241,906$15,073
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 $433,572 across 5 lines filed
Lines not itemized here account for $122,204 of total revenue; see the IRS return.
VIII-1b Membership dues$36,800
VIII-1f All other contributions, gifts and grants$17,632
VIII-1h Total contributions, gifts and grants$63,298
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $248,070$248,070
VIII-12 Total revenueRelated to mission $248,070 · Unrelated business $0 · Excluded from tax $0$433,572
Part IX · Statement of functional expenses $418,499 across 10 lines filed
IX-2 Grants to domestic individualsPrograms $27,584$27,584
IX-7 Other salaries and wagesPrograms $166,668$166,668
IX-10 Payroll taxesPrograms $16,598$16,598
IX-13 Office expensesPrograms $28,950$28,950
IX-16 OccupancyPrograms $26,686$26,686
IX-17 TravelPrograms $75$75
IX-20 InterestPrograms $36,859$36,859
IX-21 Payments to affiliatesPrograms $31,850$31,850
IX-23 InsurancePrograms $6,208$6,208
IX-24 Other expenses (24a–d)Programs $77,021$77,021
IX-25 Total functional expensesPrograms $418,499 · Management $0 · Fundraising $0$418,499
Part X · Balance sheet $986,041 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,954$7,746
X-8 Inventories for sale or useStart of year $25,142$12,285
X-10c Land, buildings and equipment, netStart of year $942,800$942,800
X-14 Intangible assetsStart of year $23,210$23,210
X-16 Total assetsStart of year $994,106$986,041
X-17 Accounts payable and accrued expensesStart of year $47,300$26,000
X-24 Unsecured notes and loans payableStart of year $54,200$58,000
X-25 Other liabilitiesStart of year $147,838$167,838
X-26 Total liabilitiesStart of year $635,393$636,996
X-32 Total net assets or fund balancesStart of year $358,713$349,045
X-33 Total liabilities and net assetsStart of year $994,106$986,041
Part XI · Reconciliation of net assets $349,045 net assets at year end
XI-1 Total revenue$433,572
XI-2 Total expenses$418,499
XI-3 Revenue less expenses$15,073
XI-4 Net assets at start of year$358,713
XI-6 Donated services and use of facilities$32,513
XI-10 Net assets at end of year$349,045

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

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