Couse Foundation EIN 85-0479005 Form 990 (PDF) Claim this org

Couse Foundation FY2023 filing

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Preserves artists' homes and studios to educate the public about their work and historical context. For fiscal year 2023 it reported $1.4M in revenue, $950K in expenses, and $8.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Taos, NM
Website
www.cousefoundation.org
Filings
6 on file (2020–2023)
Revenue
$1.4MFY2023
Expenses
$950K
Net assets
$8.3M
People
12
Filings
6
Updates
0
More identity details & actions ⌄
EIN  85-0479005 Public charity (501(c)(3)) Taos, NM
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 9/1/26 · see original: IRS
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Size
$1–10M
What they do
Preserves artists' homes and studios to educate the public about their work and historical context.
Leadership
Money in and out
$1.4M revenue, $950K expenses
Bottom line
70% program efficiency
Where the money goes · FY2023
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$950K
Pt IX · Ln 25
Net assets
$8.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $467K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.23 Fundraising $0.06
Program efficiency
70%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+33%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$1.4M
FY2023▼ -1%
Expenses
$950K
FY2023▲ +40%
Total assets
$8.7M
FY2023▼ -5%
Total liabilities
$489K
FY2023▼ -65%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$950K
Pt IX · Ln 25
Net assets
$8.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$467K
Total assetsPt X · Ln 16$8.7M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCouse Foundation
EINHdr · item D85-0479005
Principal addressHdr · item CTaos, NM
WebsiteHdr · item Jwww.cousefoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A50)
Ruling yearIRS BMFJul 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Couse Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $669K of program spending, described in the organization's own filed words · FY2022.
01

Accomplishments include multiple culturally relevant exhibitions of artwork, archival materials, and associated objects; educational tours, programs, publications, and events for students and the general public; and assembling, preserving, housing and making accessible an archive and research library available to students, scholars, and…

$669Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$1.2M · 88%
Other revenue$136K · 10%
Program service revenue$34K · 2%
Contributions & grants88%$1.2M
Other revenue10%$136K
Program service revenue2%$34K
Investment income$3K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.23 Fundraising $0.06
Program services70%$669K
Management & general23%$220K
Fundraising6%$60K
Total functional expensesLn 25$950K

Balance Sheet

Part X · end of year
CashLn 1$256K
Total assetsLn 16$8.7M
Total liabilitiesLn 26$489K
Total net assetsLn 32$8.3M
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $261K · Operating expenses (Pt IX) $950K · Less non-cash grants $353K · Cash operating expenses/yr $596K
5.3 months
Where the money goes
Program services
Program services $669K · Total expenses $950K
70%
Management & General
Management & general $220K · Total expenses $950K
23%
Fundraising
Fundraising $60K · Total expenses $950K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $50K · Solicited contributions (3-yr avg) $1.4M
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.2M · Total revenue $1.4M
88%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $34K · Total revenue $1.4M
2%
Investment reliance
Investment income $3K · Total revenue $1.4M
+0.2%
Program self-sufficiency
Program service revenue $34K · Total expenses $950K
4%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.4M
-1%
Net-asset trend (YoY)
End of year $8.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $950K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $8.7M
Net-asset ratio
Net assets $8.3M · Total assets $8.7M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.7M
0.06%
People & payroll
Highest Reported Total Compensation
Individual Elizabeth Crittenden Palacios · Reported title CHAIR OF THE · Highest reported compensation $0 · Total expenses $950K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $435K · Total expenses $950K
46%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 23%
Fundraising cost ratio 5%
Revenue growth -1%
Accounting fee ratio 5%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 13 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$2.6M revenue · ⤓ 990 PDF
FY2024$1.8M revenue · ⤓ 990 PDF
FY2023$1.4M revenue · viewing · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$935K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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