Couse Foundation FY2022 filing

Tax-deductible

Taos, NM501(c)(3)Arts & CultureEIN 85-0479005

To preserve the artifacts, furnishings, residence and studio of Eanger Irving Couse and two studios of Joseph Henry Sharp, in order to educate the public as to the environment, both personal and historical, in which the members of the Taos Society of Artists worked.

501(c)(3) charity; gifts are tax-deductible.
66¢ 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
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
IRS e-file · Filing history
Is it financially stable?
6 of 6
years in the black
Pt I · Ln 19 · 6 filings
How much reaches the programs?
66%
of spending
Pt IX · Ln 25 · col B
Do they have reserves?
16 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
13
named funders · $191K
Funders’ Sch. I, 990-PF
Do they carry debt?
$1.4M
liabilities
Pt X · Ln 26
Who oversees it?
11
independent of 11 voting board members
Pt VI · Ln 1a–1b
Revenue
$1.4M
-13% vs prior year
Spent
$678K
To programs
66%
Net assets
$7.8M
By yearFY2020–FY2025
Revenue
$1.4M
FY2022▼ -13%
Revenue by fiscal year
FY2020$935K
FY2021$1.7M
FY2022$1.4M
FY2023$1.4M
FY2024$1.8M
FY2025$2.6M
Expenses
$678K
FY2022▲ +32%
Expenses by fiscal year
FY2020$447K
FY2021$512K
FY2022$678K
FY2023$950K
FY2024$960K
FY2025$1.4M
Net assets
$7.8M
FY2022▲ +11%
Net assets by fiscal year
FY2020$5.9M
FY2021$7.0M
FY2022$7.8M
FY2023$8.3M
FY2024$9.0M
FY2025$10.2M

From the FY2022 Form 990 (year ending February 2022) · figures checked against the IRS filing · see the original

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Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CCouse Foundation
EINHdr · item D85-0479005
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2001
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CTaos, NM
NTEE classificationIRS BMFArts & Culture (A50)
WebsiteHdr · item Jwww.cousefoundation.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.26 Fundraising $0.07
Program services66%$451K
Management & general26%$178K
Fundraising7%$50K
Total functional expensesLn 25$678K

Financial health

Is it on solid ground?

Program efficiency
66%
of spending reaches programs
Operating runway
97.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+53%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$9.2M
FY2022▲ +18%
Total assets by fiscal year
FY2020$5.9M
FY2021$7.8M
FY2022$9.2M
FY2023$8.7M
FY2024$9.5M
FY2025$10.4M
Total liabilities
$1.4M
FY2022▲ +83%
Total liabilities by fiscal year
FY2020$8K
FY2021$765K
FY2022$1.4M
FY2023$489K
FY2024$436K
FY2025$123K
Revenue less expensesPt I · Ln 19$759K
Total assetsPt X · Ln 16$9.2M
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$885K
Total assetsLn 16$9.2M
Total liabilitiesLn 26$1.4M
Total net assetsLn 32$7.8M
Months of cash on handcomputed15.7

Statement of Revenue

Part VIII
Contributions & grants$1.5M · 104%
Program service revenue$38K · 3%
Contributions & grants104%$1.5M
Program service revenue3%$38K
Investment income$5K
— government grantsLn 1e$89K
Total revenueLn 12$1.4M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $885K · Operating expenses (Pt IX) $678K · Less non-cash grants $570K · Cash operating expenses/yr $109K
97.7 months
Where the money goes
Program services
Program services $451K · Total expenses $678K
66%
Management & General
Management & general $178K · Total expenses $678K
26%
Fundraising
Fundraising $50K · Total expenses $678K
7%
Cost to raise $1
Fundraising expense (3-yr avg) $49K · Solicited contributions (3-yr avg) $1.3M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $1.4M
104%
Government reliance
Government grants $89K · Total revenue $1.4M
6%
Earned-income share
Program service revenue $38K · Total revenue $1.4M
3%
Investment reliance
Investment income $5K · Total revenue $1.4M
+0.4%
Program self-sufficiency
Program service revenue $38K · Total expenses $678K
6%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.7M
-13%
Net-asset trend (YoY)
End of year $7.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $678K
+53%
Liabilities-to-Assets
Total liabilities — · Total assets $9.2M
—
Net-asset ratio
Net assets $7.8M · Total assets $9.2M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $9.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Virginia Couse-Leavitt · Reported title Secretary · Highest reported compensation $0 · Total expenses $678K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $276K · Total expenses $678K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 66%——
Overhead ratio 26%——
Fundraising cost ratio 3%——
Revenue growth -13%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 5%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Couse Foundation executive salaries →

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Governance & Policies

Part VI
  • 11Voting board membersPt VI · Ln 1a
  • 11Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2Yes

Mission and programs

What it does.

Preserves artists' homes and studios to educate the public about their work and historical context.

Provided by the organization

This section is blank until Couse Foundation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $451K of program spending, described in the organization's own filed words · FY2021.
01

The mission of the couse foundation is to preserve and interpret the couse-sharp historic site, its buildings, grounds, and collections, and the archives of the taos society of artists, through education, collaboration, and scholarly engagement.the vision of the couse foundation is to be the center for scholarship of E.I. Couse, J.H.

$451Kprogram 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 · FY2024
See all 13 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $2.6M$1.4M+51% 990 PDF
FY2024 $1.8M$960K+24% 990 PDF
FY2023 $1.4M$950K-1% 990 PDF
FY2022 Viewing $1.4M$678K-13% 990 PDF
FY2021 $1.7M$512K+77% 990 PDF
FY2020 $935K$447K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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