New Mexico Press Association Foundation Inc in Albuquerque, New Mexico (NM)

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New Mexico Press Association Foundation Inc
Employer Identification Number (EIN)850364475
Name of OrganizationNew Mexico Press Association Foundation Inc
Address700b Silver Ave Sw, Albuquerque, NM 87102-3019
ActivitiesScholarships (other)
SubsectionCharitable Organization
Ruling Date10/1988
DeductibilityContributions are deductible
FoundationOrganizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period10/2012
Assets$25,000 to $99,999
Income$1 to $9,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$86,443
Amount of Income$9,193
Form 990 Revenue Amount$4,154


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Financial snapshot ($)

Revenue for 2011

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$9,356
Contributions, gifts, grants, and similar amounts received$182
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$7
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$9,167
Gross income from gaming$0
Gross income from fundraising events$14,773
Less: direct expenses from gaming and fundraising events$5,606
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$3,169
Total net assets$84,614
Excess for the year$6,187
Net assets or fund balances at beginning of year$78,427
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$84,614
Total liabilities$0
Net assets or fund balances$84,614
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:A community trust described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$30,521
Gifts, grants, contributions, and membership fees received$26,020
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$4,501
Gross receipts from related activities, etc.$13,600
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