Museum of New Mexico Foundation

Nonprofit profile at a glance

EIN
850202503
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Santa Fe, NM, USA
Phone
5059826366
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$16,217,538
Expenses
$7,683,390
Assets
$54,865,695
Liabilities
$596,715

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

48 people listed

Executive titles in this filing

  • JAMIE CLEMENTS (PRESIDENT/CEO)

Highest reported compensation

  • JAMIE CLEMENTS (PRESIDENT/CEO): $279,829 total reported compensation
  • GEORGINE CHAVEZ VP OF (FINANCE & OPERATIONS): $135,096 total reported compensation
  • MARIANN MINANA-LOVATO VP OF (MEMBERSHIP & COMMUNICATION): $107,810 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The museum of New Mexico foundation supports the museum of New Mexico system, in collaboration with the museum of New Mexico board of regents and the New Mexico department of cultural affairs. The foundation's principal activities are fund development for exhibitions and education programs, retail and licensing programs, financial management, and advocacy and special initiatives.the foundation serves these New Mexico department of cultural affairs institutions:- museum of indian arts and culture/laboratory of anthropology- museum of international folk art- New Mexico history museum and palace of the governors- New Mexico museum of art- New Mexico historic sites- office of archaeological studies

What it reported doing in 2024

Support 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/

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 44% for direct work, and 56% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 63
  • Accountability: 95
  • Sustainability: 85
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.6%; rating input score 86
  • Program expense ratio: 90.4%; rating input score 90
  • Fundraising efficiency: $65.23 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 52.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 7.14; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 85.6% of revenue deployed · 90.4% of spending went to programs
  • Governance: 44 of 44 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $6.9M in reported program spending
  • Leadership: top reported pay $280K · 48 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $446K reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.