The Paseo Project Inc

EIN: 811852200 501(c)(3) Arts, Culture & Humanities

Taos, NM

Total Revenue
$354,125
Total Expenses
$336,883
Total Assets
$234,368
Net Assets
$231,132
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NM
Principal Officer
Elizabeth C Palacios
Phone
5756130601
Tax Period
2025-01-01 to 2025-12-31

The Paseo Project Inc, founded in 2016, is a small nonprofit in the Arts, Culture & Humanities sector that reported $354K in total revenue in fiscal year 2025. Revenue decreased 13% compared to the prior year. Expenses of $337K left a modest 5% surplus.

Mission

The PASEO Projects mission is to transform art through community and community through art. The PASEO Project lives at the center of three primary values: Art, Education, and Community. The PASEO Projects community is both local and global, respectful and inclusive. The PASEO Project hosts the annual PASEO outdoor art festival located in Historic Downtown Taos.

Program Service Accomplishments

Program 1
Expenses: $334,559 Revenue: $127,074

The PASEO Project's mission is to transform art through community and community through art. The PASEO Project lives at the center of three primary values: Art, Education, and Community. The PASEO...

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The PASEO Project's mission is to transform art through community and community through art. The PASEO Project lives at the center of three primary values: Art, Education, and Community. The PASEO Projects community is both local and global, respectful and inclusive. The PASEO Project hosts the annual PASEO outdoor art festival located in Historic Downtown Taos, bringing the art of installation, performance, and projection to northern New Mexico in the streets of Taos, New Mexico.

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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 (2025)

Revenue Breakdown

Contributions & Grants $322,557
Program Service Revenue $19,333
Investment Income $12,235
Other Revenue $0
TOTAL REVENUE $354,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $168,091
Fundraising Expenses $0
Program Expenses $334,559
Other Expenses $168,792
TOTAL EXPENSES $336,883

Year-over-Year Comparison

2025 2024 Change
Revenue $354,125 $408,979 -0.1%
Expenses $336,883 $295,160 +0.1%
Net Income $17,242 $113,819 -0.8%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
N/A
Employees
11
Volunteers
15

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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Samora Director 0.00
Director
$0 $0 $0
Nathaniel Evans Treasurer 0.00
Officer Director
$0 $0 $0
Jacob V Cisneros Director 0.00
Director
$0 $0 $0
Elizabeth C Palacios Chair person 0.00
Officer Director
$0 $0 $0
Cat Legere Director 0.00
Director
$0 $0 $0
Madison Davisinger Director 0.00
Director
$0 $0 $0
Chiara Kozlovich Director 0.00
Director
$0 $0 $0
Enrico Trujillo vice chair/sec 0.00
Officer Director
$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 $354,125 $336,883 $234,368 $17,242
2024 $408,979 $295,160 $215,764 $113,819
2023 $406,137 $344,634 $253,569 $61,503
2022 $344,479 $307,535 $193,501 $36,944
2020 $240,876 $175,789 $306,991 $65,087
2019 $358,944 $228,969 $239,752 $129,975
2018 $294,438 $230,489 $109,777 $63,949
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