2025-07-10T16:33:41-07:00 2024-12-31 525066672 Nancy Pressley-Naimark 9718 Apache Ave NE Albuquerque NM 87112 990 2024-01-01 822109038 NEW MEXICO PHILHARMONIC FOUNDATION INC NEWM 5054049808 PO Box 16422 Albuquerque NM 87191 STEPHEN S BACA PRESIDENT 5054049808 2025-07-11 1 1 Nancy Pressley-Naimark P00072919 5052288516 2025-06-12 2024 2025-03-06 01:10:19Z Stephen S Baca PO Box 16422 Albuquerque NM 87191 2488410 0 X NMPHILFOUNDATION.ORG X 2017 NM THE NEW MEXICO PHILHARMONIC FOUNDATION (NMPF) SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHIHARMONIC, INC. (NMPHIL,) FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE CORPORATION IS ORGANIZED FOR THE PURPOSES OF USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501 (C) (3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NMPHIL, A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACTIVITIES WHICH MAY BE RELATED THE THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NMPF, AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PROPER, OR NECESSARY. 7 7 0 7 0 0 64403 179804 0 0 474334 249522 0 0 538737 429326 50000 132500 0 0 0 0 0 0 13296 27031 39873 77031 172373 461706 256953 2319140 2633275 0 0 2319140 2633275 X SEE SCHEDULE O 0 0 132500 132500 0 TO RECEIVE, HOLD, INVEST, ADMINISTER PRESERVE, AND PROTECT ENDOWMENT FUNDS AND OTHER FINANCIAL RESOURCES TO ASSIST THE NEW MEXICO PHILHARMONIC INC. IN PROVIDING QUALITY CLASSICAL MUSIC, EDUCATION, ENJOYMENT, CULTURAL ENRICHMENTS, AND SUPPLEMENTAL RELATED SERVICES TO THE PEOPLE OF NEW MEXICO. 0 0 0 N/A 0 0 0 132500 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 NM X NANCY PRESSLEY-NAIMARK 5052288516 P O BOX 1642 ALBUQUERQUE NM 87191 X Stephen Baca President 2 0 X X 0 0 0 Jeffrey Romero Vice-President 2 0 X X 0 0 0 Barbara Rivers Secretary 2 0 X X 0 0 0 Daniel Conklin Treasurer 2 0 X X 0 0 0 Charles Eberle MD Board Member 2 0 X 0 0 0 Thomas Martin MD Board Member 2 0 X 0 0 0 Lee Blaugrund Board Member 2 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 179804 0 179804 0 82267 0 0 82267 0 0 0 0 0 0 0 0 0 0 2226339 0 2059084 0 167255 0 167255 0 0 167255 0 0 429326 0 0 249522 132500 132500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1991 0 1991 0 0 0 0 0 0 0 22372 0 22372 0 4947 4947 1304 1304 910 910 DEVELOPMENT EXPENSE 8349 0 0 8349 172373 132500 26577 13296 3170 69157 2315970 2564030 0 88 2319140 2633275 0 0 X 1129140 1379376 1190000 1253899 2319140 2633275 2319140 2633275 256953 57182 0 0 0 0 X 0 0 0 X X X 1 NEW MEXICO PHILHARMONIC INC 271148446 7 1 132500 0 1 132500 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule A, Part IV, Section C, Line 1 How Management was Vested A MAJORITY OF THE ORGANIZATION'S DIRECTORS WERE NOT ALSO DIRECTORS OF THE SUPPORTED ORGANIZATION AND DID NOT REPRESENT A MAJORITY OF THE SUPPORTED ORGANIZATION'S DIRECTORS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1190000 0 196399 0 132500 0 1253899 1240000 0 0 0 50000 0 1190000 1250000 0 0 0 10000 0 1240000 0 1250000 0 0 0 0 1250000 0 0 0 0 0 0 0 0 1 0 0 0 Schedule D, Part V, Line 4 Intended Uses for Endowment Funds - THE PERMANENT ENDOWMENT WAS CREATED TO SUPPORT THE NEW MEXICO PHIHARMONIC ORGANIZATION AND ANNUAL SPONSORSHP OF A SPECIAL CONCERT, THE CONCERTMASTER CHAIR AND OTHER DISTRIBUTIONS AS DETAILED IN THE FOUNDATION'S DISTRIBUTION POLICY. 1 NEW MEXICO PHILHARMONIC INC PO BOX 21428 ALBUQUREQUE NM 87154 271148446 501C3 132500 0 SUPPORT OPERATIONS 1 0 Schedule I, Part I, Line 2 THE NEW MEXICO PHILHARMONIC'S MANAGEMENT LETS THE NEW MEXICO PHILHARMONIC FOUNDATION KNOW WHAT THE COST OF SPONSORING A CONCERT AND THE CONCERTMASTER CHAIR IS FOR THE CURRENT SEASON. Form 990, Part III, Line 1 Organization's Mission THE NEW MEXICO PHILHARMONIC FOUNDATION SEEKS TO PROVIDE SUSTAINABLE, DEDICATED FUNDING FOR THE NEW MEXICO PHILHARMONIC, INC.. FUNDING THAT CREATES LONG TERM STABILITY, FUTURE GROWTH AND PERMANENCE THROUGH A COMPLETELY TRANSPARENT AND SECURE FIDUCIARY INSTRUMENT FOR DONOR SUPPORT THAT IS DIRECTLY CONTROLLED BY ITS DONORS AND TRUSTEES. THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE AS FOLLOWS: USING PRIVATE FUNDS EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C) (3), AND, WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, WITH EMPHASIS ON THE FOLLOWING SPECIFIC PROJECTS AND ACTIVITIES: PROVIDING A VEHICLE TO PROVIDE LONG-TERM FUNDING TO THE NEW MEXICO PHILHARMONIC, INC., A NEW MEXICO NONPROFIT CORPORATION; CARRYING OUT ANY PROGRAMS OR ACIVITIES WHICH MAY BE RELATED TO THE FOREGOING, OR WHICH MAY OTHERWISE PROMOTE AND BENEFIT THE NEW MEXICO PHILHARMONIC FOUNDATION, INC., AND PERFORMING SUCH OTHER ACTIVITIES AS THE BOARD OF DIRECTORS DEEMS TO BE INCIDENTAL, PROPER, OR NECESSARY TO FULFILLING THE ABOVE DESCRIBED PURPOSES AND TO CONDUCT A NONPROFIT CORPORATION PURSUANT TO THE NEW MEXICO NONPROFIT CORPORATION ACT. Form 990, Part VI, Section B, Line 11b Organization's Process to Review Form 990 THE TREASURER REVIEWS A DRAFT AND CIRCULATES THE DRAFT TO THE BOARD FOR REVIEW. UPON APPROVAL BY THE PRESIDENT AND THE SECRETARY THE FORM IS SIGNED AND FILED. Form 990, Part VI, Section B, Line 12c Enforcement of Conflicts Policy IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH THE GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED OR VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF IT IS DETERMINED A CONFLICT EXISTS, AND IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH THE GOVERNING BOARD SHALL SIGN ANNUALLY A STATEMENT REGARDING THE CONFLICTS OF INTEREST. Form 990, Part VI, Section C, Line 19 Governing Documents Disclosure Explanation THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.