New Mexico Governor's Mansion Foundation
Nonprofit profile at a glance
- EIN
- 850362849
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024
- Location
- Santa Fe, NM, USA
- Phone
- 5056601415
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $50,821
- Expenses
- $48,854
- Assets
- $66,970
- Liabilities
- $2,727
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- SUZANNE HANRATTY (PRESIDENT)
- KIMBERLY GRAY (VICE PRESIDENT)
People named in this filing
- SUZANNE HANRATTY (PRESIDENT)
- KIMBERLY GRAY (VICE PRESIDENT)
- CHERYL BARKER (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
According to the bylaws of the foundation, its primary purpose is to provide financial and logistical support to the public areas of the New Mexico governor's mansion, develop broad interest in the mansion, and support the governor's ability to host the public through educational, event, and hospitality initiatives.
What it reported doing in 2024
The foundation is responsible for the design, furnishings, and upkeep of the public areas in and around the governor's mansion. The foundation and its dedicated team of volunteers keep the beauty and legacy of the historic governor's home alive through tours, events, and community outreach. Approximately 46 people attended the hearts of santa fe elegant brunch and approximately 90 people attended the roaring twenties party fundraising events.
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
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 82
- Sustainability: 50
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61%; rating input score 61
- Program expense ratio: 61.2%; rating input score 61
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.9%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 1.37; rating input score 55; 55th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.9% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: -6.7% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 61% of revenue deployed · 61.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 53/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 55/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.