Site Santa Fe

Tax-deductible

Santa Fe, NM501(c)(3)Since 1992Arts & CultureEIN 85-0413922

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Guided by artists, rooted in new mexico, Site Santa Fe celebrates contemporary creative expression.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
Run by 21 volunteers and 63 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
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 5
filings with a surplus
Average surplus $314K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Worth a look: 65% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$466K
to officers and key staff · 10% of spending
Top officer’s pay higher than 97% of similar orgs
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $86K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$548K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.5M
+172% vs prior year
Spent
$4.5M
To programs
65%
Net assets
$21.6M
By yearFY2020–FY2024
Revenue
$6.5M
FY2024▲ +172%
Revenue by fiscal year
FY2020$1.7M
FY2021$1.9M
FY2022$4.3M
FY2023$3.2M
FY2023$2.4M
FY2024$6.5M
Expenses
$4.5M
FY2024▲ +119%
Expenses by fiscal year
FY2020$2.2M
FY2021$1.9M
FY2022$3.3M
FY2023$4.2M
FY2023$2.1M
FY2024$4.5M
Net assets
$21.6M
FY2024▲ +10%
Net assets by fiscal year
FY2020$18.0M
FY2021$20.4M
FY2022$19.1M
FY2023$19.2M
FY2023$19.6M
FY2024$21.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1997.

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

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $2.9M Management & general 24% · $1.1M Fundraising 11% · $487K

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

20 people listed on the 990; $466K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Executive Director
$310,351Pt VII · Sec A
CFO/Deputy Director
$156,008Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Louis Grachos’s $310K as CEO/Executive Director is at the 97th percentile of top reported officer pay among 3924 $1–10M arts & culture 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021FY2020
Louis Grachos$310,351$309,543$322,796$199,424——
Clara Samayoa$156,008$140,494$126,331$107,274$61,689—
Irene Hofmann————$138,332$154,657
Catherine Putnam—————$118,431

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.

See Site Santa Fe 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 15aYes

Programs and updates

Celebrates contemporary creative expression guided by artists in New Mexico.

Provided by the organization

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3 program services account for $2.9M of program spending, described in the organization's own filed words · FY2024.
01

Exhibitions

Throughout its exhibition program, site santa fe explores a rich span of cultural perspectives and makes contemporary art accessible to diverse audiences. Selected exhibitions presented at site santa fe this year included:"carmen herrera: I'm nobody! Who are you?" - "I'm nobody!

$1.8Mprogram expense
02

Education and Public Programs

Site santa fe's creativity and learning department brings arts programming into communities to co-create projects with a diverse range of participants. Site santa fe's work in the schools is connected to the themes of the current exhibition or public programs, explores ideas relevant to the contemporary culture, and gives youth an…

$586Kprogram expense
03

General Programs

Site santa fe creates a physical and virtual space that is welcoming and educational to all through visitor services, marketing and communications outreach, and the store. Visitors' experience is enhanced by a curated lobby space that promotes the sales of books and objects that are thematically tied to the exhibitions.

$566Kprogram expense

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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 · FY2025
Total grants receivedfrom 3 funders$86K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.5M
Ln 12
Gifts and grantsLn 1h$4.2M
Investment incomeLn 3$1.9M
Other incomeLn 4–11$267K
Money outPt IX
$4.5M
Ln 25
Programscol B$2.9M
Managementcol C$1.1M
Fundraisingcol D$487K
Owns and owesPt X
$21.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$22.1M
LiabilitiesLn 26$548K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$169K
Noncash giftsLn 1g$325K
Fundraising eventsLn 1c$557K
Fees for servicesLn 2g$122K
Investment incomeLn 3$1.9M
Other incomeLn 4–11$267K
Gains on assetsLn 7$1.6M
Total revenueLn 12$6.5M
Assets in detailPt X, end of year
CashLn 1$605K
SavingsLn 2$435K
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$11.7M
Land, buildings, equipmentLn 10c$7.8M
Other assetsLn 15$416K
Total assetsLn 16$22.1M
LiabilitiesLn 26$548K
Net assetsLn 32$21.6M
OperationsPt I, VI
EmployeesI 563
VolunteersI 621
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$557K$1.0M
InvestmentsLn 11–13$10.5M$11.7M
Land, buildings, equipmentLn 10c$8.1M$7.8M
Total assetsLn 16$20.3M$22.1M
LiabilitiesLn 26$628K$548K
Net assetsLn 32$19.6M$21.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$473K$237K$142K$95K
Other salaries and wagesLn 7$1.5M$789K$507K$229K
Other employee benefitsLn 9$82K$53K$18K$11K
Payroll taxesLn 10$171K$102K$43K$26K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$40K$40K
Investment management feesLn 11f$92K$92K
Other fees for servicesLn 11g$399K$343K$26K$30K
Advertising and promotionLn 12$69K$69K$9
Office expensesLn 13$84K$51K$24K$8K
Information technologyLn 14$80K$50K$27K$2K
OccupancyLn 16$154K$106K$37K$11K
TravelLn 17$195K$92K$67K$36K
Depreciation, depletion and amortizationLn 22$296K$266K$15K$15K
InsuranceLn 23$93K$88K$2K$3K
Other expenses (24a–d)Ln 24$587K$567K$2K$19K
All other expensesLn 24e$138K$105K$31K$2K
Total functional expensesLn 25$4.5M$2.9M$1.1M$487K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.5M$4.5M$2.0M$21.6M 990 PDF
FY2023 $3.2M$4.2M−$984K$19.2M 990 PDF
FY2022 $4.3M$3.3M$1.0M$19.1M 990 PDF
FY2021 $1.9M$1.9M$32K$20.4M 990 PDF
FY2020 $1.7M$2.2M−$531K$18.0M 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 (4 parts)
Part VIII · Statement of revenue $6,505,608 across 13 lines filed
Lines not itemized here account for $35,145 of total revenue; see the IRS return.
VIII-1b Membership dues$20,750
VIII-1c Fundraising events$557,302
VIII-1e Government grants$168,505
VIII-1f All other contributions, gifts and grants$3,474,410
VIII-1g Noncash contributions (included above)$324,717
VIII-1h Total contributions, gifts and grants$4,220,967
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $121,926$121,926
VIII-3 Investment incomeExcluded from tax $263,513$263,513
VIII-6 Net rental income or lossExcluded from tax $25,649$25,649
VIII-7 Net gain or loss on sales of assetsRelated to mission $3,500 · Excluded from tax $1,628,917$1,632,417
VIII-8 Net income from fundraising eventsExcluded from tax $9,509$9,509
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $212,762 · Unrelated business −$16,280$196,482
VIII-12 Total revenueRelated to mission $373,333 · Unrelated business −$16,280 · Excluded from tax $1,927,588$6,505,608
Part IX · Statement of functional expenses $4,490,693 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $236,704 · Management $142,022 · Fundraising $94,680$473,406
IX-7 Other salaries and wagesPrograms $789,041 · Management $506,725 · Fundraising $229,382$1,525,148
IX-9 Other employee benefitsPrograms $52,758 · Management $18,209 · Fundraising $10,724$81,691
IX-10 Payroll taxesPrograms $101,795 · Management $43,251 · Fundraising $26,075$171,121
IX-11b Legal feesManagement $12,919$12,919
IX-11c Accounting feesManagement $39,654$39,654
IX-11f Investment management feesManagement $92,022$92,022
IX-11g Other fees for servicesPrograms $342,821 · Management $26,156 · Fundraising $29,994$398,971
IX-12 Advertising and promotionPrograms $69,170 · Fundraising $9$69,179
IX-13 Office expensesPrograms $51,276 · Management $24,178 · Fundraising $8,074$83,528
IX-14 Information technologyPrograms $50,161 · Management $27,106 · Fundraising $2,499$79,766
IX-16 OccupancyPrograms $106,186 · Management $37,423 · Fundraising $10,716$154,325
IX-17 TravelPrograms $91,759 · Management $66,627 · Fundraising $36,414$194,800
IX-22 Depreciation, depletion and amortizationPrograms $266,491 · Management $14,805 · Fundraising $14,805$296,101
IX-23 InsurancePrograms $87,910 · Management $2,375 · Fundraising $2,738$93,023
IX-24 Other expenses (24a–d)Programs $566,541 · Management $1,673 · Fundraising $18,859$587,073
IX-24e All other expensesPrograms $104,547 · Management $31,180 · Fundraising $2,239$137,966
IX-25 Total functional expensesPrograms $2,917,160 · Management $1,086,325 · Fundraising $487,208$4,490,693
Part X · Balance sheet $22,107,458 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $176,609$604,755
X-2 Savings and temporary cash investmentsStart of year $380,591$435,000
X-3 Pledges and grants receivableStart of year $500,654$986,329
X-4 Accounts receivableStart of year $90,188$94,878
X-8 Inventories for sale or useStart of year $82,234$65,725
X-9 Prepaid expenses and deferred chargesStart of year $19,569$7,981
X-10c Land, buildings and equipment, netStart of year $8,060,154$7,818,216
X-11 Publicly traded securitiesStart of year $10,536,098$11,678,627
X-15 Other assetsStart of year $419,836$415,947
X-16 Total assetsStart of year $20,265,933$22,107,458
X-17 Accounts payable and accrued expensesStart of year $234,721$160,230
X-19 Deferred revenueStart of year $8,443$6,324
X-25 Other liabilitiesStart of year $385,286$381,394
X-26 Total liabilitiesStart of year $628,450$547,948
X-27 Net assets without donor restrictionsStart of year $9,221,481$9,024,425
X-28 Net assets with donor restrictionsStart of year $10,416,002$12,535,085
X-32 Total net assets or fund balancesStart of year $19,637,483$21,559,510
X-33 Total liabilities and net assetsStart of year $20,265,933$22,107,458
Part XI · Reconciliation of net assets $21,559,510 net assets at year end
XI-1 Total revenue$6,505,608
XI-2 Total expenses$4,490,693
XI-3 Revenue less expenses$2,014,915
XI-4 Net assets at start of year$19,637,483
XI-5 Net unrealized gains (losses) on investments−$92,888
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$21,559,510

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

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