Grants Main Street Project

Tax-deductible

Grants, NM501(c)(3)Community DevelopmentEIN 85-0444570Revenue $76K in FY2025

On file with the IRS523 W Santa Fe Ave, 87020-2535 · Grants, NMTax-exempt since Jun 2013Publicly supported — 509(a)(2)

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Promote the historical preservation and use of traditional Grants NM downtown area along historical route 66

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 20 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
5 of 6
filings with a surplus
Average surplus $45K a year · 49% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$26K
to officers and key staff · 37% of spending
Top officer’s pay higher than 66% of similar orgs
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 28.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$76K
-17% vs prior year
Spent
$70K
To programs
61%
Net assets
$165K
By yearFY2020–FY2025
Revenue
$76K
FY2025▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$14K
FY2022$99K
FY2023$219K
FY2024$92K
FY2025$76K
Expenses
$70K
FY2025▲ +41%
Tap a bar for its year
Expenses by fiscal year
FY2020$37K
FY2021$16K
FY2022$36K
FY2023$69K
FY2024$50K
FY2025$70K
Net assets
$165K
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$37K
FY2021$35K
FY2022$97K
FY2023$152K
FY2024$159K
FY2025$165K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2010-11-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jun 2013.

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

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $43K Management & general 14% · $10K Fundraising 25% · $17K

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

12 people listed on the 990; $26K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dire
$26,017Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Denise Hanson’s $26K as Executive Dire is at the 66th percentile of top reported officer pay among 168 <$100K community development 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 · 2 named individuals · Part VII

NameFY2025FY2023
William Yarborough—$39,000
Denise Hanson$26,017—

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.

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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

Preserves and promotes historic Route 66 downtown Grants, New Mexico.

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Provided by the organization

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1 program · $43K · in their own filed words · FY2024
01

Promote the historical preservation and use of traditional grants NM

$43Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$76K
Ln 12
Gifts and grantsLn 1h$44K
Fees for servicesLn 2g$32K
Money outPt IX
$70K
Ln 25
Programscol B$43K
Managementcol C$10K
Fundraisingcol D$17K
Owns and owesPt X
$165K
net assets · Ln 32
Cash and savingsLn 1–2$165K
Total assetsLn 16$165K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$44K
Government grantsLn 1e$30K
Fees for servicesLn 2g$32K
Total revenueLn 12$76K
Assets in detailPt X, end of year
CashLn 1$165K
Cash and savings togetherLn 1–2$165K
Other assetsLn 15$308
Total assetsLn 16$165K
LiabilitiesLn 26$0
Net assetsLn 32$165K
OperationsPt I, VI
EmployeesI 51
VolunteersI 620
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$159K$165K
Total assetsLn 16$159K$165K
LiabilitiesLn 26$0$0
Net assetsLn 32$159K$165K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$26K$26K
Accounting feesLn 11c$855$855
Advertising and promotionLn 12$12K$56$45$11K
Office expensesLn 13$9K$4K$6K
OccupancyLn 16$3K$3K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$3K$2K$482
Other expenses (24a–d)Ln 24$15K$15K
Total functional expensesLn 25$70K$43K$10K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $76K$70K$6K$165K 990 PDF
FY2024 $92K$50K$42K$159K 990 PDF
FY2023 $219K$69K$149K$152K 990 PDF
FY2022 $99K$36K$62K$97K 990 PDF
FY2021 $14K$16K−$2K$35K 990 PDF
FY2020 $49K$37K$12K$37K 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 FY2025 990 (6 parts)
Part I · Summary $75,786 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $67,922$43,960
I-9 Program service revenuePrior year $23,864$31,826
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $91,786$75,786
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $24,552$26,017
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $25,243$43,997
I-18 Total expensesPrior year $49,795$70,014
I-19 Revenue less expensesPrior year $41,991$5,772
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $75,786 across 5 lines filed
Lines not itemized here account for $31,826 of total revenue; see the IRS return.
VIII-1e Government grants$30,225
VIII-1f All other contributions, gifts and grants$290
VIII-1h Total contributions, gifts and grants$43,960
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $31,826$75,786
Part IX · Statement of functional expenses $70,014 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $26,017$26,017
IX-11c Accounting feesManagement $855$855
IX-12 Advertising and promotionPrograms $56 · Management $45 · Fundraising $11,399$11,500
IX-13 Office expensesManagement $3,538 · Fundraising $5,923$9,461
IX-16 OccupancyManagement $3,193$3,193
IX-19 Conferences, conventions and meetingsManagement $1,785$1,785
IX-23 InsurancePrograms $2,088 · Management $482$2,570
IX-24 Other expenses (24a–d)Programs $14,633$14,633
IX-25 Total functional expensesPrograms $42,794 · Management $9,898 · Fundraising $17,322$70,014
Part X · Balance sheet $164,828 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $158,748$164,520
X-15 Other assets$308
X-16 Total assetsStart of year $158,748$164,828
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $58,748$64,828
X-28 Net assets with donor restrictionsStart of year $100,000$100,000
X-32 Total net assets or fund balancesStart of year $158,748$164,828
X-33 Total liabilities and net assetsStart of year $158,748$164,828
Part XI · Reconciliation of net assets $164,828 net assets at year end
XI-1 Total revenue$75,786
XI-2 Total expenses$70,014
XI-3 Revenue less expenses$5,772
XI-4 Net assets at start of year$158,748
XI-10 Net assets at end of year$164,828

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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