2025-12-04T17:25:43-05:00 2024-12-31 452848527 501(C)PA 3900 OSUNA RD NE STE 260 ALBUQUERQUE NM 87109 990 2024-01-01 850249432 ENDOWMENT FOUNDATION OF FIRST PRESBYTERIAN CHURCH ENDO 5057642900 215 LOCUST NE ALBUQUERQUE NM 87102 ROBERT BOWERSTOCK EXECUTIVE DIRECTOR 5057642900 2025-12-03 true false MONICA STAPLETON P03004945 5054331350 2025-12-04 2024 2025-03-06 01:10:19Z ROBERT BOWERSTOCK 215 LOCUST NE ALBUQUERQUE NM 87102 6052057 false X N/A X 1977 NM THE ENDOWMENT FOUNDATION OF THE FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE EXISTS TO SUPPORT THE CURRENT AND LONG-TERM NEEDS OF FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE AND ITS MISSION. 13 13 1 -235737 1500 51161 0 545888 819103 -235737 547388 634527 851362 922662 0 41359 42212 0 0 5978 -27677 898699 937197 -351311 -302670 12572776 12908242 235100 243468 12337676 12664774 X THE ENDOWMENT FOUNDATION OF THE FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE EXISTS TO SUPORT THE CURRENT AND LONG-TERM NEEDS OF FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE AND ITS MISSION. THE FOUNDATION ACCEPTS, MANAGES AND DISBURSES FUNDS FROM ENTITIES OR PERSONS. false false 914935 914935 GRANTS AND OTHER SUPPORT ARE MADE TO FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE, NEW MEXICO, INC. TO PROVIDE FUNDING TO FURTHER THE MISSION OF THE CHURCH AND PROGRAMS WITHIN THE CHURCH. 10373 10373 GRANTS PROVIDED TO EDUCATIONAL PROGRAMS TO STUDENTS SELECTED BY THE SCHOLARSHIP COMMITTEE OF THE FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE, NEW MEXICO, INC. SCHOLARSHIPS ARE BASED ON NEED AND ACADEMIC RECORD. 5896 5896 TO PROVIDE SUPPORTING OPERATIONS AND TUITION ASSISTANCE TO STUDENTS WHO ATTEND MENAUL SCHOOL. THE RECIPIENTS WHO RECEIVE AID ARE DETERMINED BY THE MENAUL SCHOOL FINANCIAL AID DEPARTMENT. 931204 true false false false false false false false false true true true false false true true true false false false false false false false false false false true true false false false false false false false false false false false false false false true false false false false 0 0 1 false false false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false false true true true false true true false false X ROBERT BOWERSTOCK 5053628850 215 LOCUST NE ALBUQUERQUE NM 87102 ROBERT BOWERSTOCK EXECUTIVE DI 30.00 X 42164 0 0 WILL BURNETT TRUSTEE 1.00 X 0 0 0 CAROL CARLSON TRUSTEE 1.00 X 0 0 0 JANEEN DOGGETT TRUSTEE 1.00 X 0 0 0 ANN FARRIS TRUSTEE 1.00 X 0 0 0 JANE FARRIS TREASURER 2.00 X X 0 0 0 MERRI LEWIS TRUSTEE 1.00 X 0 0 0 STEVE MAIZE TRUSTEE 1.00 X 0 0 0 JUDITH MEAD SECRETARY 2.00 X X 0 0 0 JOHN PARMETER TRUSTEE 1.00 X 0 0 0 AMANDA PILCHER TRUSTEE 1.00 X 0 0 0 CURTIS PORTER VICE CHAIRMA 2.00 X X 0 0 0 STEPHEN RHOADES CHARIMAN 2.00 X X 0 0 0 42164 false false false 51161 51161 180918 180918 6055715 5417530 638185 638185 638185 LECTRONICS, INC. 310000 -235737 -235737 -235737 634527 -235737 819103 906393 906393 16269 16269 42212 6988 35224 17300 17300 3235 1554 1681 254 254 SPLIT INTEREST AGREEMENT 12288 12288 REAL ESTATE TAX 5 5 INCOME TAX EXPENSE -60759 -60759 937197 931204 5993 0 141512 136110 2790 351 351 351 11465293 11743273 936991 936991 28629 88727 12572776 12908242 12694 11244 222406 232224 235100 243468 X 7555568 7738935 4782108 4925839 12337676 12664774 12572776 12908242 X -302670 578625 1 51142 X false true X true false X X 1 FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE 850115803 1 true 906393 0 1 906393 0 true false false false false true false false false false false false false false false true false PART IV, SECTION A, LINE 6 THE FOUNDATION PROVIDED 5,896 OF TUITION ASSISTANCE TO STUDENTS WHO ATTEND MENAUL SCHOOL. THE RECEPIENTS WHO RECEIVE AID ARE DETERMINED BY THE MENAUL SCHOOL FINANCIAL AID DEPARTMENT. THE FUNDATION PROVIDED 10,373 TO EDUCATIONAL PROGRAMS TO STUDENTS SELECTED BY THE SCHOLARSHIP COMMITTEE OF THE FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE, NEW MEXICO, INC. SCHOLARSHIPS ARE BASED ON NEED AND ACADEMIC RECORD. 12337676 59184 1213152 945238 12664774 11496351 1500 1727987 851362 36800 12337676 14655299 55000 -2262297 821409 130242 11496351 14140401 15000 1357674 766283 91493 14655299 15707765 20100 1484061 740325 2331203 14140401 0.61100 0.19400 0.19500 false false 351 351 351 LECTROSONICS, INC. 936991 F 936991 AGENCY ACCOUNTS PAYABLE 185332 ANNUITIES PAYABLE 46892 232224 X 1272319 578625 8025 51142 637792 634527 634527 945222 8025 8025 937197 937197 SCHEDULE D, PAGE 3, PART X THE FOUNDATION HAS ADOPTED THE PROVISIONS OF ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. IT RECOGNIZES TAX BENEFITS OR EXPENSES FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. ANY SUCH TAX BENEFIT OR EXPENSE IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS AS OF DECEMBER 31, 2024 AND 2023. THE FOUNDATION FILES AN EXEMPT ORGANIZATION RETURN WITH THE INTERNAL REVENUE SERVICE (IRS) AND IS NOT CONSIDERED A "PRIVATE FOUNDATION" FOR TAX PURPOSES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. INCOME TAX EXPENSE TOTALED (60,759) FOR THE YEAR ENDED DECEMBER 31, 2024, AND (34,088) FOR THE YEAR ENDED DECEMBER 31, 2023. SCHEDULE D, PAGE 4, PART XI, LINE 2D DONATIONS 51,158 CHANGE IN SPLIT INTEREST AGREEMENT -16 SCHEDULE D, PAGE 4, PART XIII FOUNDATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. INCOME TAX EXPENSE TOTALED (60,759) AMD (34,087) FOR THE YEARS ENDED DECEMBER 31, 2024 AND DECEMBER 31, 2023. false FIRST PRESBYTERIAN CHURCH 215 LOCUST ST NE ALBUQUERQUE NM 87102 850115803 C3 906393 SUPPORT OPERATIONS 1 MENAUL SCHOOL SCHOLARSHIP 5896 UNM SCHOLARSHIPS 10373 SCHEDULE I, PAGE 1, PART I, LINE 2 THE ORGANIZATION IS A SUPPORTING ORGANIZATION TO THE GRANTEE CHURCH. THE SOLE PUSPOSE OF THE ORGANIZATION IS TO PERMANENTLY SUPORT THE CHURCH, AND ALL MEMBERS OF THE GOVERNING BODY OF THE ORGANIZATION ARE ACTIVE MEMBERS OF THE CHURCH. FORM 990 - ORGANIZATION'S MISSION THE ENDOWMENT FOUNDATION OF THE FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE EXISTS TO SUPORT THE CURRENT AND LONG-TERM NEEDS OF FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE AND ITS MISSION. THE FOUNDATION ACCEPTS, MANAGES AND DISBURSES FUNDS FROM ENTITIES OR PERSONS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE FOUNDATION ACCOUNTANT, THE BOARD TREASURER, AND THE EXECUTIVE DIRECTOR BEFORE IT IS PROCESSED. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO SIGN CONFLICTS OF INTEREST POLICIES ON AN ANNUAL BASIS IF THERE IS A CHANGE, OR A STATEMENT ACKOWLEDGING THAT THERE ARE NO CHANGES. IF THERE ARE ANY CONFLICTS OF INTEREST, THEN THE INFORMATION IS REVIEIWED BY THE BOARD TO DETERMINE IF THE CONFLICT COMPROMISES THE ORGANIZATION, AND IF THE BOARD MEMBER SHOULD BE ASKED TO STEP DOWN. THIS POLICY IS REVIEWED ANNUALLY BY THE GOVERNANCE COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECTUIVE DIRECTOR SUPERVISES THE ACCOUNTING AND BOOKKEEPING FOR THE ORGANIZATION. THE BOARD REVIEWS HIS COMPENSATION ANNUALLY, AND THE DECISION IS RECORDED IN THE BOARD MINUTES. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC FORM 990, PART XI, LINE 9 DONATIONS 51,158 CHANGE IN SPLIT INTEREST AGREEMENT -16 TOTAL 51,142 FIRST PRESBYTERIAN CHURCH OF ALBUQUERQUE 215 LOCUST NE ALBUQUERQUE NM 87102 850115803 CHURCH NM 501C3 1 NA false false true false false false false false false false false false false false false false false false false false