MUSIC GUILD OF NEW MEXICO

EIN: 271202542 501(c)(3) Arts, Culture & Humanities

ALBUQUERQUE, NM

Total Revenue
$147,565
Total Expenses
$153,481
Total Assets
$178,403
Net Assets
$173,003
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Principal Officer
CAROL COOPER-SKOPIL
Phone
5052803150
Tax Period
2023-06-01 to 2024-05-31

MUSIC GUILD OF NEW MEXICO, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $148K in total revenue in fiscal year 2023.

Mission

THE MUSIC GUILD OF NEW MEXICO SUPPORTS, PROMOTES, AND ENCOURAGES NONPROFIT MUSICAL ORGANIZATIONS TAHT WILL EDUCATE, EMBRACE, ENGAGE, AND ENRICH THE QUALITY OF OUR NEW MEXICO COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $35,341

SENORITAS OF THE SYMPHONY IS A YEAR LONG EMPOWERMENT PROGRAM FOR HIGH SCHOOL SENIOR GIRLS UTILIZING EDUCATIONAL, SOCIAL AND CIVIC ACTIVITIES TO ENGOURAGE LONT-TERM INVOLVEMENT WITH CLASSICAL MUSIC...

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SENORITAS OF THE SYMPHONY IS A YEAR LONG EMPOWERMENT PROGRAM FOR HIGH SCHOOL SENIOR GIRLS UTILIZING EDUCATIONAL, SOCIAL AND CIVIC ACTIVITIES TO ENGOURAGE LONT-TERM INVOLVEMENT WITH CLASSICAL MUSIC AND SERVICE TO THE COMMUNITY

Program 2
Expenses: $33,950

THE JACKIE MCGEHEE YOUNG ARTISTS COMPETITION FOR PIANO AND STRINGS ENCOURAGES EXCELLENCE IN YOUTH MUSICIANS BY PROVIDING THE OPPORTUNITY TO COMPETE IN FRONT OF CLASSICAL MUSICIAN JUDGES. THE WINNERS...

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THE JACKIE MCGEHEE YOUNG ARTISTS COMPETITION FOR PIANO AND STRINGS ENCOURAGES EXCELLENCE IN YOUTH MUSICIANS BY PROVIDING THE OPPORTUNITY TO COMPETE IN FRONT OF CLASSICAL MUSICIAN JUDGES. THE WINNERS RECEIVE AWARDS AND INVITATIONS TO PERFORM WITH LOCAL CLASSICAL MUSIC GROUPS.

Program 3
Expenses: $70,706

ALL OTHER PROGRAMS SUCH AS MEMBERSHIPS, LUNCHEONS AND GRANT PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $131,892
Program Service Revenue $15,103
Investment Income $570
Other Revenue $0
TOTAL REVENUE $147,565

Expense Breakdown

Grants Paid $45,030
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $139,997
Other Expenses $108,451
TOTAL EXPENSES $153,481

Year-over-Year Comparison

2023 2022 Change
Revenue $147,565 $154,355 0.0%
Expenses $153,481 $122,043 +0.3%
Net Income $-5,916 $32,312 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN JARRELL MEMBER-AT-LA N/A
Director
$0 $0 $0
JULIE SILVERMAN MEMBER-AT-LA N/A
Director
$0 $0 $0
KARLA BRESSAN CO-VP JYMAC N/A
Officer
$0 $0 $0
CAROL COOPER-SKOPIL CO-PRESIDENT N/A
Officer
$0 $0 $0
FORREST COURTNEY VP COMMUNICA N/A
Officer
$0 $0 $0
TERESA EDENS CO-PRESIDENT N/A
Officer
$0 $0 $0
GWINN HALL VP GRANT SEL N/A
Officer
$0 $0 $0
CHRISTY HERBERT VP SENORITAS N/A
Officer
$0 $0 $0
ANNE MCKINNEY SECRETARY N/A
Officer
$0 $0 $0
MARY MERRILL VP SENORITAS N/A
Officer
$0 $0 $0
JOANN PAGLIERO TREASURER N/A
Officer
$0 $0 $0
SUSAN ROGERS CO-VP MEMBER N/A
Officer
$0 $0 $0
DANA WILSON CO-VP MEMBER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $147,565 $153,481 $178,403 $-5,916
2023 $154,355 $122,043 $184,316 $32,312
2022 $128,215 $88,830 $145,009 $39,385
2021 $62,334 $37,228 $157,374 $25,106
2020 $77,331 $54,027 $137,318 $23,304
2019 $136,837 $140,884 $75,214 $-4,047
2018 $96,925 $89,074 $85,261 $7,851
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