Historic Santa Fe Foundation Inc

What it reported doing in 2025

Research and Education1. The Member Lecture Series, Salon El Zagun offers monthly informational lectures to our membership base, as well as the general public. For these lectures, we bring in experts in their fields to discuss a variety of topics, related to Santa Fe, New Mexico, History and/or all of the above. This year we had Nicolasa Chavez on the history of chocolate; Julianne Burton-Carvajal on Josefa Bustos; Chuck Wolfe on Urban Observation in Santa Fe; Elizabeth Comer on the Roots of James L Johnson; Sylvia Rodriguez on Acequias and Acequia Culture in New Mexico; Mulham Alkharboutli on discoveries made during his Preservation Internship with HSFF; Lillian Makeda on the History of the Santa Fe Style of Interior design; Tours of La Fonda with a trained Docent; and a docent-led tour of the Gustave Baumann exhibit at the New Mexico Museum of Art.2. Presented, along with the City of Santa Fe Historic Preservation Division and the Old Santa Fe Association, the Heritage Preservation Awards in May 2025 at San Miguel Chapel, 401 Old Santa Fe Trail. Produced an advertisement with local paper for the awards. 3. Presented two Architectural Stewardship Awards in 2025. The first was to the Dorothy McKibbin House, in recognition of the owners model stewardship, maintaining the exterior and interior of the house, outbuildings, and landscape, conscientiously applying preservation practices, great care and effort, planning, design, and execution of the renovation and remodels of their house. The second was to the owners of the Plaza Chamisal compound for their significant preservation, restoration, and renovation of their homes over the past 25 years. 4. Held monthly art exhibitions for El Zagun resident artists and invited outside artists. Exhibitions included a joint exhibition with Carla Caletti, One Hundred Percent Exhibition (group show), Mary Olson, Wendy Fay, Julia Tait Dickenson, Esteban Ismael Duran, Robert King, Elizabeth Chiles, Rebecca Lee Kunz, Jacob Sisneros, Dominic Capello, Mulham Alkharbourli and Bette Yozell. The following artists gave talks: Carla Caletti, Dominic Capello, Bonnie Bishop, Mary Olson, Wendy Fay, Juia Tait Dickenson, Esteban Ishmael Duran, Elizabeth Chiles, Rebecca Lee Kunz, Jacob Sisneros, Mulhan Alkharbourtli and Bette Yozell.5. University of New Mexico graduate student Ryuichi Nakayama completed his work as the Foundations Mac Watson Fellow. He completed his research and writing and the Foundation approved his nomination for the Plaza Balentine Compound. Under the mentorship of Dr. Audra Bellmore, University of New Mexico professor and curator of the John Gaw Meem archives, Nakayama completed the research and wrote the nomination for the Plaza Balentine Compound.6. Approved and added the listings of the Plaza Balentine Compound and William Penhallow Henderson Studio to the HSFF Register of Properties Worthy of Preservation.7. Continued with the online blog with articles from staff and student writers for dissemination of activities and news of the foundation, including conference updates, tributes to former board directors who passed and their impact on the foundation, and students writings on their time at the Foundation and research they completed.8. Published two printed newsletters containing substantial articles, interviews, and preservation news.9. Held the annual meeting of Foundation members in the El Zagun garden in June with guests from the School for Advanced Research and presentation by Melanie McWhorter on the state of the Foundation and various people speaking in tribute to Nancy Owen Lewis.10. Maintained and updated website for the Foundation with events, event calendars, and information on all related properties owned, easements, and the Register of Properties Worthy of Preservation. 11. Expanded the YouTube page with several Salon recordings, gallery walkthroughs, and El Zagun related videos. Uploaded Salon Talks (5), Gallery Walk-throughs (9), Gallery talks (4), other El Zagun videos

Financial Efficiency

• Mission deployment rate: 58.6%; rating input score 59
• Program expense ratio: 43.2%; rating input score 43
• Fundraising efficiency: $2.4 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -32.1%; rating input score 4; 4th percentile among comparable filings
• Total-asset coverage ratio: 9.86; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 57; 57th percentile among comparable filings
• Officer compensation ratio: 13.1%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: -2.6% per year; rating input score 0; 10th percentile among comparable filings
• Revenue growth: 2.5% per year; rating input score 100; 22nd percentile among comparable filings
• Asset growth: 15.6% per year; rating input score 100; 71st percentile among comparable filings