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The Heart Gallery of New Mexico Foundation

EIN 20-4468893 · Albuquerque, NM

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood88 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FOUNDATION WAS CREATED TO RAISE & MANAGE FUNDS TO SUPPORT THE EFFORTS OF THE HEART GALLERY OF NEW MEXICO AND OTHER RELATED PROGRAMS & EVENTS. AN ADDITIONAL PURPOSE IS TO EDUCATE THE PUBLIC AND RAISE AWARENESS OF THE NEED FOR ADOPTIVE & FOSTER CARE FAMILIES FOR NEW FOSTER CHILD SUPPORT.

Income
$287,305
Spending
$248,910
Spent on programs
51%
Reserves
13.4 months of spending
Largest source of income
donations and private grants, 82%
Employees
1
Volunteers
100
Highest pay
$60,000, executive di

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 88 out of 100. Higher than 74% of charities in its peer group (human services, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 13.4 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 13% of income.

  • Income trend

    10 of 15

    Income fell 7% on the year before.

  • Spending floor

    8 of 15

    51% of spending went to programs and raising each dollar of donations cost 24 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 56% of charities in its peer group (human services, $250k to $1m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $122,514 spent. FOSTER CHILD SUPPORT: THIS PROGRAM PROMOTES A SAFE AND PRODUCTIVE TRANSITION TO INDEPENDENT LIVING FOR YOUTHE WHO "AGE OUT" OF THE FOSTER CARE SYSTEM AT 18-21. THE ORGANIZATION HELPS THEM ACCESS EDUCATION, EMPLOYMENT AND LIFE SKILLS, AND MENTORING TO ENSURE A SUSTAINABLE FUTURE. ALSO, THE ORGANIZATION HELPS TEENS, PRE-TEENS, SIBLING GROUPS AND MILDLY DISABLE FOSTER CHILDREN RECEIVE OPPORTUNITIES AND SERVICES FOR PERSONAL GROWTH, AS WELL AS IMPOVED MENTAL & PHYSICAL HEALTH, BY PROVIDING ASSISTANCE IN THE FORM OF HOUSING SUPPORT, EDUCATIONAL SUPPORT, DRIVER'S EDUCATION, COOKING CLASSES, ETC.
  2. HEART GLAALERY EXHIBITIONS: THESE EXHIBITIONS ARE TO ASSURE AN INCREASE IN "HARD TO PLACE" ADOPTIONS BY ASSISTING THE NEW MEXICO CHOLDREN, YOUTH AND FAMILIES DEPARTMENT. THE EXHIBITIONS DISPLAY PORTRAITS OF FOSTER-CHILDREN TAKEN BY NEW MEXICAN PHOTOGRAPHERS AS A CREATIVE WAY TO ENCOURAGE ADOPTION. HEART GALLERIES ARE PLACED IN PUBLIC PLACES THROUGHOUT NEW MEXICO.
  3. GENERAL PROGAMS & PUBLIC AWARENESS: THE PROGRAM STIVES TO 1) ADVANCE PUBLIC AWARENESS AND ENCOURAGE ADOPTION AND FOSTER PARENTING; 2) COVEY THE REALITY OF LIFE AS A FOSTER CHILD; AND 3) DISSOLVE THE MYTHS AND FEARS OF ADOPTION BY USING POSITIVE ROLE MODELS OF SUCCESS AND RELAYING LIFE CHANGING POSITIVE OPPORTUNITIES.
  4. $3,581 spent. HEART GALLERY EVENTS: SUPPORTING NEW MEXICO CYFD WITH THEIR ADOPTION AND FOSTER PARENTS EVENTS WITH THE GOAS OF 1) MATCHING FOSTER CHILDREN RELEASED FOR ADOPTION AND CYFD APPROVED ADOPTIVE PARENTS WITH THE HOPE OF FINDING THAT SPECIAL ATTACHMENT; 2) OFFERING A UNIQUE SOCIAL OPPORTUNITY FOR FOSTER CHILDREN 3) THANKING CURRENT FOSTER PARENTS AND 4) PROVIDING SIBLINGS WHO ARE LIVING APART AN APPORTUNITY TO SPEND A DAY TOGETHER.
  5. HEART GALLERY EVENTS: SUPPORTING NEW MEXICO CYFD WITH THEIR ADOPTION AND FOSTER PARENTS EVENTS WITH THE GOAS OF 1) MATCHING FOSTER CHILDREN RELEASED FOR ADOPTION AND CYFD APPROVED ADOPTIVE PARENTS WITH THE HOPE OF FINDING THAT SPECIAL ATTACHMENT; 2) OFFERING A UNIQUE SOCIAL OPPORTUNITY FOR FOSTER CHILDREN 3) THANKING CURRENT FOSTER PARENTS AND 4) PROVIDING SIBLINGS WHO ARE LIVING APART AN APPORTUNITY TO SPEND A DAY TOGETHER.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since December 2006.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.