National Institute of Flamenco
Nonprofit profile at a glance
- EIN
- 850332879
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Albuquerque, NM, USA
- Phone
- (505)-242-76
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Dance
Reported finances
- Revenue
- $2,930,964
- Expenses
- $3,020,410
- Assets
- $1,904,607
- Liabilities
- $1,141,691
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Highest reported compensation
- ANNIE D'ORAZIO (DEPUTY EXEC): $72,460 total reported compensation
- MARISOL ENCINIAS (EXECUTIVE DI): $55,800 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 mission of the National Institute of Flamenco is to preserve and promote flamenco’s artistry, history, and culture by presenting the finest flamenco in the world and by educating the American family in this art form while emphasizing the positive influence of art on family and community.
What it reported doing in 2024
The institute, through its programming and collaborations, has turned albuquerque into the center for flamenco in north america. The flagship program, festival flamenco alburquerque, is now in its 38th year and provides unparalleled artistic and educational programming for youth, families, students, and professional artists from New Mexico and around the world. The institutes professional company, yjastros, celebrated its 25th anniversary and is the flamenco dance company in residence at the university of New Mexico department of theatre and dance. Yjastros provides employment and professional development to its flamenco dancers and musicians, and the company members also teach and provide mentorship for students and younger apprentice artists. The institutes education programs include flamenco in your neighborhood statewide and local outreach classes and performances and the conservatory of flamenco arts, as well as the classes and workshops in festival flamenco alburquerque, festival juvenil, and flamenco kids camp. In 2016, the institute partnered with heritage hotels and resorts to create and open tablao flamenco albuquerque, an intimate, traditional venue where improvised flamenco performances occur three evenings a week year-round.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90%; rating input score 90
- Program expense ratio: 84.5%; rating input score 84
- Fundraising efficiency: $7.29 raised per $1 spent on fundraising; rating input score 27; 27th 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: 84.6%; rating input score 85; 17th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -3.1%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 0.63; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.6; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 9%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 20% per year; rating input score 100; 84th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site
- Where the money goes: 90% of revenue deployed · 84.5% of spending went to programs
- Governance: 11 of 13 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.6M in reported program spending
- Leadership: top reported pay $72K · 17 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 27/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.