2024-07-15T10:24:16-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP 6501 AMERICAS PARKWAY NE SUITE 500 ALBUQUERQUE NM 87110 990 2022-09-01 271148446 NEW MEXICO PHILHARMONIC INC NEWM 5053234343 PO BOX 21428 ALBUQUERQUE NM 87154 MAUREEN BACA PRESIDENT 5053234343 2024-07-12 1 MAUREEN BACA 999009999 1 JESSICA LOCKER CPA P01367046 5058428290 2024-07-12 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARIAN TANAU PO BOX 21428 ALBUQUERQUE NM 87154 2513148 0 X WWW.NMPHIL.ORG X 2009 NM AS THE MAJOR PROFESSIONAL ORCHESTRA IN THE STATE, THE NEW MEXICO PHILHARMONIC IS COMMITTED TO INSPIRING AUDIENCES OF ALL AGES AND BACKGROUNDS THROUGH ITS ARTISTIC EXCELLENCE, INNOVATIVE PROGRAMMING AND EDUCATION, AND COMMUNITY ENGAGEMENT. 15 15 248 50 14950 0 1659356 1184492 864211 991044 2987 159149 109848 82118 2636402 2416803 0 0 0 0 1699791 1527459 0 0 123554 989857 1112428 2689648 2639887 -53246 -223084 1029983 814685 485265 612654 544718 202031 X THE NEW MEXICO PHILHARMONIC'S MISSION IS TO ENRICH LIVES BY PROVIDING EXCELLENT MUSIC, COMMUNITY ENGAGEMENT AND EDUCATIONAL OPPORTUNITIES. 0 0 2135366 0 1022841 SEASON V 2022-23 HIGHLIGHTS:ORGANIZATIONAL:THIRTEEN CONCERTS PERFORMED AT POPEJOY HALL, AN 1800 SEAT AUDITORIUM. TEN CLASSICS PROGRAMS, INCLUDING A THREE CONCERT TCHAIKOVSKY FESTIVAL, THE OLGA KERN INTERNATIONAL PIANO COMPETITION AND THREE POPS CONCERTS. OUTDOOR CONCERTS CONTINUED TO BE PERFORMED AT TWO NEW LOCATIONS, THE SKY ROOM IN RIO RANCHO AND BOTANIC GARDEN IN ALBUQUERQUE. BOTH CONCERTS WERE EITHER FREE ADMISSION OR LOW-COST ADMISSION AND ATTRACTED A TOTAL OF 12,000 AUDIENCE MEMBERS OF ALL AGES. THE EDUCATION INITIATIVES WERE CONTINUED . THE YOUNG MUSICIAN INITIATIVE MONDAY-THURSDAY PROGRAM TAKING PLACE EVERY DAY. THE MAIN CLASSICS SERIES AS WELL AS ROCK & POPS SERIES TOOK PLACE IN THE LARGE VENUE POPEJOY HALL. THE ORCHESTRA PERFORMED SMALLER SIZED ORCHESTRA CONCERTS AT IMMANUEL PRESBYTERIAN CHURCH INCLUDING A WINTER POPS SERIES, AFTERNOON CLASSICS, COFFEE CONCERTS AND A NEW SERIES OF LOW COST CONCERTS PROGRAMED FOR FAMILIES CALLED THE POWER CONCERTS. 25 FREE TICKETS FOR EACH CONCERT WERE OFFERED TO VETERANS THROUGH THE VETTIX PROGRAM. EDUCATION-YOUNG MUSICIAN INITIATIVE BASED ON EL SISTEMA, AN IN-DEPTH MUSIC LEARNING INITIATIVE. PROGRAM WHICH TOOK PLACE AT DOLORES GONZALES ELEMENTARY SCHOOL. OVER 50 CHILDREN FROM TITLE ONE SCHOOLS PARTICIPATE IN THE PROGRAM. -YOUTH CONCERTS CONTINUE - 8 CONCERTS OFFERED TO ALL FOURTH AND FIFTH GRADE STUDENTS IN THE ALBUQUERQUE PUBLIC SCHOOL SYSTEM.-ELEMENTARY SCHOOL ENSEMBLE VISITS FOR SECOND GRADE STUDENTS - CONTINUE WITH 10 PERFORMANCES.-$30 ALL CONCERT ACCESS SOUND CARDS OFFERED TO STUDENTS THROUGH COLLEGE AGE, 244 SOLD.-$10 STUDENT RUSH TICKETS OFFERED FOR EVERY CONCERT.-STUDENTS FROM RURAL COMMUNITIES WERE OFFERED FREE TICKETS UPON REQUEST.FUNDRAISING-CONCERT SPONSORSHIPS OVER $90,000.-$60,000 GRANT FROM MEREDITH FOUNDATION.-$95,737 GRANT FROM ALBUQUERQUE COMMUNITY FOUNDATION.-ANNUAL FUND DRIVE IN EXCESS OF $200,000. 2135366 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 248 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 NM X X JOAN HINTERBICHLER 5053234343 3035 MENAUL BLVD NE ALBUQUERQUE NM 87107 MAUREEN BACA PRESIDENT 15.00 X X 0 0 0 DAVID W PETERSON SECRETARY 1.00 X X 0 0 0 KORY HOGGAN CPA TREASURER 5.00 X X 0 0 0 AL STOTTS VICE PRESIDENT 2.00 X X 0 0 0 JOEL BACA DIRECTOR 1.00 X 0 0 0 RUTH BITSUI DIRECTOR 1.00 X 0 0 0 DAVID CAMPBELL DIRECTOR 1.00 X 0 0 0 THOMAS DOMME DIRECTOR 1.00 X 0 0 0 FRITZ EBERLE DIRECTOR 1.00 X 0 0 0 JEFFREY ROMERO DIRECTOR 1.00 X 0 0 0 EDWARD ROSE MD DIRECTOR 1.00 X 0 0 0 TERRENCE SLOAN DIRECTOR 1.00 X 0 0 0 TATIANA VETRINSKAYA DIRECTOR 1.00 X 0 0 0 RACHAEL SPEEGLE DIRECTOR 1.00 X 0 0 0 MICHAEL WALLACE DIRECTOR 1.00 X 0 0 0 MARIAN TANAU PRESIDENT & CEO 40.00 X 119138 0 1152 119138 0 1152 1 0 0 0 0 22239 101407 1060846 62522 1184492 TICKET SALES 711130 991044 991044 991044 4501 4501 156228 1580 154648 154648 154648 127290 101407 91919 35371 35371 30863 2846 28017 28017 ADVERTISING INCOME 541800 14950 14950 OTHER REVENUE 711130 3780 3780 18730 2416803 1022841 14950 194520 120290 96232 24058 1279144 1177253 59908 41983 3252 3252 124773 101066 19964 3743 70795 5785 65010 30482 2491 27991 39019 3188 35831 271070 193242 77828 111046 69476 41570 22276 22276 41631 9663 31968 9488 9488 1192 1192 30785 30785 52493 18242 34251 CONCERT PRODUCTION 432151 427943 4208 2639887 2135366 380967 123554 152824 191765 277643 303782 18440 18440 388511 243035 176260 145476 182876 103120 221940 52102 1029983 814685 57622 34821 277643 303782 150000 224383 0 49668 485265 612654 X 372996 57919 171722 144112 544718 202031 1029983 814685 -223084 -119603 0 X X 0 1 X 1 0 X 1078778 855260 1623374 1659356 1184492 6401260 1078778 855260 1623374 1659356 1184492 6401260 381888 6019372 242 606 1603 2987 4501 9939 21363 5323 26686 6437885 4571793 0.93500 0.93480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 164390 157537 6853 224121 85498 138623 145476 ROU ASSETS 52102 52102 LEASE LIABILITIES 49668 49668 X 2350740 -119603 22878 30662 -66063 2416803 0 2416803 2693427 22878 30662 53540 2639887 0 2639887 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION WOULD RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT BECAME PROBABLE THAT A LOSS HAS BEEN INCURRED AND THE AMOUNT CAN BE REASONABLY ESTIMATED. INTEREST WOULD BE RECOGNIZED AND ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. AS OF AUGUST 31, 2023 AND 2022, NO LIABILITIES FOR UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,846. SPECIAL EVENT EXPENSES 27,816. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,846. SPECIAL EVENT EXPENSES 27,816. HAVANA NIGHTS GALA 158155 101407 56748 0 53721 1975 6814 1700 9580 MUSIC FESTIVALS 52667 52667 1 17875 17875 18129 228697 101407 127290 53721 1975 6814 1700 27709 91919 35371 X 1 50215 FMV X AUCTION ITEMS 0 12307 FMV 0 0 0 PART I, COLUMN (B): COLUMN B INDICATES THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A MARIAN TANAU IS ALSO ON THE EXECUTIVE COMMITTEE ALTHOUGH HE IS NOT A BOARD MEMBER. A MAJORITY OF THE EXECUTIVE COMMITTEE SHALL HAVE THE RIGHT TO TAKE EMERGENCY ACTION BETWEEN BOARD MEETINGS AS THE OFFICERS THEREOF SHALL DEEM NECESSARY AND PRUDENT. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS AT A BOARD MEETING BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICT OF INTEREST POLICY AGREEMENTS ANNUALLY. THEY ARE KEPT ON FILE. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR SETTING THE COMPENSATION OF THE EXECUTIVE DIRECTOR. THE BOARD OF DIRECTORS GATHERS DATA ON COMPARABLE SALARIES BASED ON THE LOCAL ECONOMY, SIMILAR SIZED ORGANIZATIONS, AND JOBS WITH SIMILAR QUALIFICATIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.