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Museum of New Mexico Foundation
Museum of New Mexico Foundation reported $16.2 million in revenue and $7.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.42 went to program services, $8.23 to management and general costs and $1.35 to fundraising. Its largest source of revenue was investment income: 55.2% of the total. The highest compensation it reported for one person was $279,829 (PRESIDENT/CEO). 3 people received more than $100,000 in reportable compensation. Revenue rose 70% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $7.7MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $16MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.4% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.2% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 1.3% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 41.7% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.4% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.9% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $279,829 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.64% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 3 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 84.8 | 36.6 |
| Independent voting board members Part VI 1a–1b | 44 of 44 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseSupport for the benefit of the Museum of New Mexico. Museums: museum of international folk art, New Mexico history museum and palace of the governors, New Mexico Museum of art, museum of indian arts and culture/laboratory of anthropology, office of archaeological studies. Historic sites: taylor mesilla home, bosque redondo memoral at fort sumner historic site, coronado, fort selden, jemez, lincoln, fort stanton and los luceros. See the Museum of New Mexico Foundation's annual report at https://www.museumfoundation.org/facts-figures/
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT/CEO Officer, 40.00 hrs/week | $237,235 | $0 | $42,594 | $279,829 |
| FINANCE & OPERATIONS Officer, 40.00 hrs/week | $108,964 | $0 | $26,132 | $135,096 |
| MEMBERSHIP & COMMUNICATION Highest compensated employee, 40.00 hrs/week | $100,944 | $0 | $6,866 | $107,810 |
3 people received more than $100,000 in reportable compensation from Museum of New Mexico Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $421K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b44 · 44 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 554
- Volunteers Part I, line 6120
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MASTERPIECE INTERNATIONAL Museum of art shipping services | $152,814 |
| INK & IMAGES Printing services | $101,932 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Private foundation grants it received
29 private foundations reported grants to Museum of New Mexico Foundation totaling $452K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Museum of New Mexico Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Museum of New Mexico Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Museum of New Mexico Foundation spent in FY2025, $90.42 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Luis a Ferre FoundationSan Juan, PR · revenue $16M · programs 36.7% · FY2025
- Apollo Theater FoundationNew York, NY · revenue $16M · programs 72.1% · FY2025
- Kansas City Ballet AssociationKansas City, MO · revenue $16M · programs 77.2% · FY2025
- Sarasota Opera AssociationSarasota, FL · revenue $16M · programs 74.2% · FY2025
- Lincoln Center Development ProjectNew York, NY · revenue $16M · programs 70.7% · FY2025
All arts, culture & humanities charities · Largest charities in New Mexico
Questions people ask
How much of Museum of New Mexico Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, Museum of New Mexico Foundation reported that 90.4% of its $7.7 million in expenses went to program services, 8.2% to management and general and 1.3% to fundraising (Form 990, Part IX).
How much does Museum of New Mexico Foundation pay its top executive?
The largest total compensation Museum of New Mexico Foundation reported for one person in the fiscal year ending June 30, 2025 was $279,829, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Museum of New Mexico Foundation get its money?
Of $16.2 million in revenue in the fiscal year ending June 30, 2025, 41.7% came from contributions and grants (including 0.4% from government grants) and 0.9% from program service revenue (Form 990, Part VIII).
Is Museum of New Mexico Foundation a registered charity?
The IRS lists EIN 85-0202503 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202630559349300033 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202540359349301519 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411279349301571 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331159349301678 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221269349301032 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141189349301214 · read the filing
All filings for EIN 85-0202503: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.