TY 2015 Form 990PF

- TIN:

Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation

or Section 4947(a)(1) Trust Treated as Private Foundation

Do not enter social security numbers on this form as it may be made public.
bullet

Information about Form 990-PF and its instructions is at www.irs.gov/form990pf.

OMB No. 1545-0052

2015

Open to Public Inspection

For calendar year 2015, or tax year beginning 01-01-2015 , and ending 12-31-2015

Name of foundation
TAOS ART MUSEUM

Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 1848
Room/suite

City or town, state or province, country, and ZIP or foreign postal code
TAOS, NM875711848

A Employer identification number

85-0400684

B Telephone number (see instructions)

(575) 758-2690

C If exemption application is pending, check here bullet

G Check all that apply: Initial returnInitial return of a former public charity
Final returnAmended return
Address changeName change

D 1. Foreign organizations, check here ............. bullet

2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet

E If private foundation status was terminated
under section 507(b)(1)(A), check here ....... bullet

H Check type of organization: Section 501(c)(3) exempt private foundation
Section 4947(a)(1) nonexempt charitable trustOther taxable private foundation

F If the foundation is in a 60-month termination
under section 507(b)(1)(B), check here ....... bullet

I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16) bullet

$4,317,394J Accounting method: Cash Accrual
Other (specify)
(Part I, column (d) must be on cash basis.)

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)		(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)		60,905
2	Check Sch. B .............
3	Interest on savings and temporary cash investments		34		34	34
4	Dividends and interest from securities...		5,768		5,768	5,768
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10			1,151
b	Gross sales price for all assets on line 6a 2,181
7	Capital gain net income (from Part IV, line 2)...				1,151
8	Net short-term capital gain.........					0
9	Income modifications...........
10a	Gross sales less returns and allowances	98,993
b	Less: Cost of goods sold....	104,245
c	Gross profit or (loss) (attach schedule).....			-5,252		-5,252
11	Other income (attach schedule).......			333,013	0	333,013
12	Total. Add lines 1 through 11........		395,619		6,953	333,563
13	Compensation of officers, directors, trustees, etc.		69,121		0	69,121	69,121
14	Other employee salaries and wages......		82,175		0	0	0
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......			10,924	1,000	9,924	0
c	Other professional fees (attach schedule)....			26,794	0	0	0
17	Interest...............
18	Taxes (attach schedule) (see instructions)...			15,817	0	0	0
19	Depreciation (attach schedule) and depletion...			30,301	0	31,592
20	Occupancy..............		20,908		0	0	20,908
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......			208,286	0	0	211,617
24	Total operating and administrative expenses.
	Add lines 13 through 23..........		464,326		1,000	110,637	301,646
25	Contributions, gifts, grants paid.......		0				0
26	Total expenses and disbursements. Add lines 24 and 25		464,326		1,000	110,637	301,646
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements		-68,707
b	Net investment income (if negative, enter -0-)				5,953
c	Adjusted net income (if negative, enter -0-)...					222,926

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 11289X Form 990-PF (2015)

Form 990-PF (2015)

Page 2

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	53,485	65,872	65,872
	2	Savings and temporary cash investments.........	68,032	21,985	21,985
	3	Accounts receivable 204
		Less: allowance for doubtful accounts	255	204	204
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............	47,988	36,718	36,718
	9	Prepaid expenses and deferred charges..........	5,992	12,399	12,399
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......	28,373	28,103	62,756
	c	Investments—corporate bonds (attach schedule).......	156,315	156,315	129,036
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........
	14	Land, buildings, and equipment: basis 1,056,742
		Less: accumulated depreciation (attach schedule) 323,578	758,325	733,164	733,164
	15	Other assets (describe )	3,255,260	3,255,260	3,255,260
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,374,025	4,310,020	4,317,394
	17	Accounts payable and accrued expenses..........
	18	Grants payable..................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )	30,057	31,637
	23	Total liabilities (add lines 17 through 22).........	30,057	31,637
		Foundations that follow SFAS 117, check here
		and complete lines 24 through 26 and lines 30 and 31.
	24	Unrestricted..................
	25	Temporarily restricted...............
	26	Permanently restricted...............
		Foundations that do not follow SFAS 117, check here
		and complete lines 27 through 31.
	27	Capital stock, trust principal, or current funds........	2,092,996	2,092,996
	28	Paid-in or capital surplus, or land, bldg., and equipment fund	0	0
	29	Retained earnings, accumulated income, endowment, or other funds	2,250,972	2,185,387
	30	Total net assets or fund balances (see instructions).....	4,343,968	4,278,383
	31	Total liabilities and net assets/fund balances (see instructions).	4,374,025	4,310,020

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 30 (must agree with end-of-year figure reported on prior year’s return) ...............

4,343,968

Enter amount from Part I, line 27a .....................

-68,707

Other increases not included in line 2 (itemize) bullet

3,122

Add lines 1, 2, and 3 ..........................

4,278,383

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 30 .

4,278,383

Form 990-PF (2015)

Page 3

Part IV

Capital Gains and Losses for Tax on Investment Income

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	LORD ABBOTT SHORT DURATION FUND	P	2013-12-31	2015-12-16
b	CAPITAL GAINS DIVIDENDS	P
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	970	1,030	-60
b	1,211		1,211
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			-60
b			1,211
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	1,151
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3	0

Part V

Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income

(For optional use by domestic private foundations subject to the section 4940(a) tax on net investment income.)

If section 4940(d)(2) applies, leave this part blank.

Was the foundation liable for the section 4942 tax on the distributable amount of any year in the base period? Yes No

If "Yes," the foundation does not qualify under section 4940(e). Do not complete this part.

1 Enter the appropriate amount in each column for each year; see instructions before making any entries.

(a) Base period years Calendar year (or tax year beginning in)	(b) Adjusted qualifying distributions	(c) Net value of noncharitable-use assets	(d) Distribution ratio (col. (b) divided by col. (c))
2014	291,991	358,589	0.814278
2013	498,634	417,467	1.194427
2012	455,734	441,663	1.031859
2011	369,988	478,656	0.772973
2010	548,211	515,592	1.063265

Total of line 1, column (d) .....................

24.876802

Average distribution ratio for the 5-year base period—divide the total on line 2 by 5, or by
the number of years the foundation has been in existence if less than 5 years . . .

0.975360

Enter the net value of noncharitable-use assets for 2015 from Part X, line 5.....

296,880

Multiply line 4 by line 3......................

289,565

Enter 1% of net investment income (1% of Part I, line 27b)...........

Add lines 5 and 6........................

289,625

Enter qualifying distributions from Part XII, line 4.............

301,646

If line 8 is equal to or greater than line 7, check the box in Part VI, line 1b, and complete that part using a 1% tax rate. See the Part VI instructions.

Form 990-PF (2015)

Page 4

Part VI

Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see page 18 of the instructions)

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Domestic foundations that meet the section 4940(e) requirements in Part V, check	1	60
	hereand enter 1% of Part I, line 27b...................
c	All other domestic foundations enter 2% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	60
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	60
6	Credits/Payments:

a	2015 estimated tax payments and 2014 overpayment credited to 2015	6a	120
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	120
8	Enter any penalty for underpayment of estimated tax. Check hereif Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	60
11	Enter the amount of line 10 to be: Credited to 2015 estimated tax60	Refunded	11	0

Part VII-A

Statements Regarding Activities

During the tax year, did the foundation attempt to influence any national, state, or local legislation or did

Yes

it participate or intervene in any political campaign? ....................

Did it spend more than $100 during the year (either directly or indirectly) for political purposes (see Instructions

for definition)?.................................

If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials

published or distributed by the foundation in connection with the activities.

Did the foundation file Form 1120-POL for this year?.....................

Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:

(1) On the foundation. bullet

$ 0(2) On foundation managers. bullet

$ 0

Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed

on foundation managers. bullet

$ 0

Has the foundation engaged in any activities that have not previously been reported to the IRS?.......

If "Yes," attach a detailed description of the activities.

Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles

of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....

Did the foundation have unrelated business gross income of $1,000 or more during the year?........

If "Yes," has it filed a tax return on Form 990-T for this year?...................

Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........

If "Yes," attach the statement required by General Instruction T.

Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:

By language in the governing instrument, or

By state legislation that effectively amends the governing instrument so that no mandatory directions

that conflict with the state law remain in the governing instrument?................

Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),

and Part XV..................................

Yes

Enter the states to which the foundation reports or with which it is registered (see instructions)

If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney

General (or designate) of each state as required by General Instruction G? If "No," attach explanation .

Yes

Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)

or 4942(j)(5) for calendar year 2015 or the taxable year beginning in 2015 (see instructions for Part XIV)?

If "Yes," complete Part XIV.............................

Yes

Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names

and addresses. ...............................

Form 990-PF (2015)

Page 5

Part VII-A

Statements Regarding Activities (continued)

At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the

meaning of section 512(b)(13)? If "Yes," attach schedule. (see instructions) .............

Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had

advisory privileges? If "Yes," attach statement (see instructions).................

Did the foundation comply with the public inspection requirements for its annual returns and exemption application?

Yes

Website address bullet

WWW.TAOSARTMUSEUM.ORG

The books are in care of bullet

TAOS ART MUSEUM Telephone no. bullet

(575) 758-2690

Located at bullet

PO BOX 1848 PASEO DEL PUEBLO SURTAOSNM ZIP+4 bullet

87571

Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —Check here....... bullet

and enter the amount of tax-exempt interest received or accrued during the year ...... bullet

16 At any time during calendar year 2015, did the foundation have an interest in or a signature or other authority over YesNo

a bank, securities, or other financial account in a foreign country?

16 No

See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If "Yes", enter the name of the foreign country bullet

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required

File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.

Yes

During the year did the foundation (either directly or indirectly):

(1) Engage in the sale or exchange, or leasing of property with a disqualified person? YesNo

(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)

a disqualified person?......................YesNo

(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? YesNo

(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? YesNo

(5) Transfer any income or assets to a disqualified person (or make any of either available

for the benefit or use of a disqualified person)?...............YesNo

(6) Agree to pay money or property to a government official? (Exception. Check "No"

if the foundation agreed to make a grant to or to employ the official for a period

after termination of government service, if terminating within 90 days.).......YesNo

If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations

section 53.4941(d)-3 or in a current notice regarding disaster assistance (see instructions)? ........

Organizations relying on a current notice regarding disaster assistance check here........ bullet

Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,

that were not corrected before the first day of the tax year beginning in 2015?.............

Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private

operating foundation defined in section 4942(j)(3) or 4942(j)(5)):

At the end of tax year 2015, did the foundation have any undistributed income (lines 6d

and 6e, Part XIII) for tax year(s) beginning before 2015?.............YesNo

If "Yes," list the years bullet

20, 20, 20, 20

Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)

(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)

to all years listed, answer "No" and attach statement—see instructions.) ..............

If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.

20, 20, 20, 20

Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at

any time during the year?......................YesNo

If "Yes," did it have excess business holdings in 2015 as a result of (1) any purchase by the foundation

or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved

by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)

the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine

if the foundation had excess business holdings in 2015.)..................

Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?

Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its

charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2015?

Form 990-PF (2015)

Page 6

Part VII-B

Statements Regarding Activities for Which Form 4720 May Be Required (Continued)

During the year did the foundation pay or incur any amount to:

(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? YesNo

(2) Influence the outcome of any specific public election (see section 4955); or to carry

on, directly or indirectly, any voter registration drive?.............YesNo

(3) Provide a grant to an individual for travel, study, or other similar purposes? YesNo

(4) Provide a grant to an organization other than a charitable, etc., organization described

in section 4945(d)(4)(A)? (see instructions)................YesNo

(5) Provide for any purpose other than religious, charitable, scientific, literary, or

educational purposes, or for the prevention of cruelty to children or animals?.....YesNo

If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in

Regulations section 53.4945 or in a current notice regarding disaster assistance (see instructions)? ......

Organizations relying on a current notice regarding disaster assistance check here......... bullet

If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the

tax because it maintained expenditure responsibility for the grant?..........YesNo

If "Yes," attach the statement required by Regulations section 53.4945–5(d).

Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on

a personal benefit contract?.....................YesNo

Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract?....

If "Yes" to 6b, file Form 8870.

At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction? YesNo

If yes, did the foundation receive any proceeds or have any net income attributable to the transaction? ....

Form 990-PF (2015)

Page 7

Part VIII

Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors

1 List all officers, directors, trustees, foundation managers and their compensation (see instructions).

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
TERRY PENNINGTON	TREASURER/TRUSTEE 10.00	0
PO BOX 514 ARROYO SECO,NM87514	TREASURER/TRUSTEE 10.00	0
NAT TROY	TRUSTEE 1.00	0
PO BOX 1980 EL PRADO,NM87529	TRUSTEE 1.00	0
ANNIE BROWN	SECRETARY 3.00	0
PO BOX 930 EL PRADO,NM87529	SECRETARY 3.00	0
JERRY GEIST	PRESIDENT 0.50	0
931 SAN PEDRO SE ALBUQUERQUE,NM87108	PRESIDENT 0.50	0
ANNE KAPLAN	DIRECTOR 0.50	0
1997 LAKE AVENUE HIGHLAND PARK,IL60035	DIRECTOR 0.50	0
ROGER EITELJORG	VICE PRESIDENT 0.50	0
9950 SPRING MILL ROAD INDIANAPOLIS,IN46290	VICE PRESIDENT 0.50	0
JUDY BUCK	SECRETARY 0.50	0
PO BOX 1198 TAOS,NM87571	SECRETARY 0.50	0
ROY C COFFEE JR	DIRECTOR 0.50	0
4809 COLE AVE STE 170 DALLAS,TX75205	DIRECTOR 0.50	0
OLIVER RICHARD	DIRECTOR 0.50	0
1409BERNINGHAUS TAOS,NM87571	DIRECTOR 0.50	0
BURNS HARGIS	DIRECTOR 0.50	0
107 WHITEHURST OSU STILL WATER,OK74078	DIRECTOR 0.50	0
LOWELL C DUNCAN JR	DIRECTOR 0.50	0
4848 LEMMON AVE STE 100-125 DALLAS,TX75209	DIRECTOR 0.50	0
AULT ANDY	DIRECTOR 0.50	0
7317A OLD SANTA FE TRAIL SANTA FE,NM87505	DIRECTOR 0.50	0
DYER ROBERT	DIRECTOR 0.50	0
4209 LAKESIDE DRIVE DALLAS,TX75219	DIRECTOR 0.50	0
KORSMEIER BOB	PRESIDENT 0.50	0
4929 LIVINGSTON AVE DALLAS,TX75205	PRESIDENT 0.50	0
FISHER V SUSAN	EXECUTIVE DIRECTOR 40.00	69,121
PO BOX 3466 TAOS,NM87571	EXECUTIVE DIRECTOR 40.00	69,121
ATKINS CINDY	DIRECTOR 0.50	0
504 PIEDMONT TAOS,NM87571	DIRECTOR 0.50	0
DONNER NIKKI	DIRECTOR 1.00	0
PO BOX 220 SAN CRISTOBAL,NM87564	DIRECTOR 1.00	0
SMURLO FRANK E	DIRECTOR 0.50	0
79 HALSEY DR OLD GREENWICH,CT06870	DIRECTOR 0.50	0

2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
V SUSAN FISHER	EXECUTIVE DIRECTOR 40.00	69,121	0	0
PO BOX 1898 TAOS,NM87571	EXECUTIVE DIRECTOR 40.00	69,121	0	0








Total number of other employees paid over $50,000...................				0

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
BRETT HOUSE CATERING	PRODUCTION, SPACE RENTAL, CATERING "GALA	84,918
PO BOX 1320 EL PRADO,NM87529	PRODUCTION, SPACE RENTAL, CATERING "GALA	84,918

Total number of others receiving over $50,000 for professional services............. bullet

Part IX-A

Summary of Direct Charitable Activities

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	NONE	0
2


3


4

Part IX-B

Summary of Program-Related Investments (see instructions)

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

Total. Add lines 1 through 3......................... bullet

Form 990-PF (2015)

Page 8

Part X

Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations,see instructions.)

Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,

purposes:

Average monthly fair market value of securities...................

196,713

Average of monthly cash balances.......................

104,688

Fair market value of all other assets (see instructions)................

Total (add lines 1a, b, and c).........................

301,401

Reduction claimed for blockage or other factors reported on lines 1a and

1c (attach detailed explanation) .............

Acquisition indebtedness applicable to line 1 assets..................

Subtract line 2 from line 1d.........................

301,401

Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see

instructions) .............................

4,521

Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4

296,880

Minimum investment return. Enter 5% of line 5..................

14,844

Part XI

Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here bullet

and do not complete this part.)

Minimum investment return from Part X, line 6....................

Tax on investment income for 2015 from Part VI, line 5......

Income tax for 2015. (This does not include the tax from Part VI.)...

Add lines 2a and 2b............................

Distributable amount before adjustments. Subtract line 2c from line 1............

Recoveries of amounts treated as qualifying distributions................

Add lines 3 and 4............................

Deduction from distributable amount (see instructions).................

Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...

Part XII

Qualifying Distributions (see instructions)

Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:

Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........

301,646

Program-related investments—total from Part IX-B..................

Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,

purposes...............................

Amounts set aside for specific charitable projects that satisfy the:

Suitability test (prior IRS approval required)....................

Cash distribution test (attach the required schedule) .................

Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4

301,646

Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment

income. Enter 1% of Part I, line 27b (see instructions).................

Adjusted qualifying distributions. Subtract line 5 from line 4..............

301,586

Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
the section 4940(e) reduction of tax in those years.

Form 990-PF (2015)

Page 9

Part XIII

Undistributed Income (see instructions)

		(a) Corpus	(b) Years prior to 2014	(c) 2014	(d) 2015
1 Distributable amount for 2015 from Part XI, line 7
2 Undistributed income, if any, as of the end of 2015:
a Enter amount for 2014 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2015:
a From 2010......
b From 2011......
c From 2012......
d From 2013......
e From 2014......
fTotal of lines 3a through e........
4Qualifying distributions for 2015 from Part
XII, line 4: $
a Applied to 2014, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........
d Applied to 2015 distributable amount.....
e Remaining amount distributed out of corpus
5 Excess distributions carryover applied to 2015.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2014. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2016. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2015 ..........
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8Excess distributions carryover from 2010 not applied on line 5 or line 7 (see instructions) ...
9Excess distributions carryover to 2016. Subtract lines 7 and 8 from line 6a ......
10 Analysis of line 9:
a Excess from 2011....
b Excess from 2012....
c Excess from 2013....
d Excess from 2014....
e Excess from 2015....

Form 990-PF (2015)

Page 10

Part XIV

Private Operating Foundations (see instructions and Part VII-A, question 9)

1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2015, enter the date of the ruling....... bullet

1992-08-06

b Check box to indicate whether the organization is a private operating foundation described in section4942(j)(3) or4942(j)(5)

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2015	(b) 2014	(c) 2013	(d) 2012	(e) Total
	14,844	0	20,873	22,083	57,800
b 85% of line 2a .........	12,617	0	17,742	18,771	49,130
c Qualifying distributions from Part XII, line 4 for each year listed .....	301,646	291,991	498,691	455,734	1,548,062
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........	0	0	0	0	0
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	301,646	291,991	498,691	455,734	1,548,062
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	4,317,395	4,390,970	4,449,136	4,489,133	17,646,634
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	4,037,744	4,067,790	4,027,802	4,058,959	16,192,295
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...					0
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....					0
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....					0
(3) Largest amount of support from an exempt organization					0
(4) Gross investment income					0

Part XV

Supplementary Information (Complete this part only if the organization had $5,000 or more in
assets at any time during the year—see instructions.)

1Information Regarding Foundation Managers:

aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)

bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.

2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:

Check here bullet

if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. (see instructions) to individuals or organizations under
other conditions, complete items 2a, b, c, and d.

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

Form 990-PF (2015)

Page 11

Part XV

Supplementary Information (continued)

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year

Total ................................. 3a				0

bApproved for future payment

Total ................................. 3b				0

Form 990-PF (2015)

Page 12

Part XVI-A

Analysis of Income-Producing Activities

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aDOOR ADMISSIONS REVENUE					66,748
bMEMBERSHIPS					25,950
cROYALTIES					205
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........			14	34
4 Dividends and interest from securities....			14	5,768
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....			03
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............			01	1,151
9 Net income or (loss) from special events:			01	76,744
10 Gross profit or (loss) from sales of inventory..			03	-5,252
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..		0		78,445	92,903

13Total. Add line 12, columns (b), (d), and (e)..................

13171,348

(See worksheet in line 13 instructions to verify calculations.)

Part XVI-B

Relationship of Activities to the Accomplishment of Exempt Purposes

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
30	THE TAOS ART MUSEUM IS SUPPORTED BY CONTRIBUTIONS FROM DONORS, EXEMPT
39	OPERATIONS, SPECIAL EVENTS AND EARNINGS FROM ITS INVESTMENT FUNDS.
48	AS A MUSEUM IT CHARGES FOR ADMISSIONS TO ITS PERMANENT EXHIBIT AS
57	WELL AS SPECIAL EXHIBITS AND EVENTS.
66	THE REVENUES RELATED TO MAINTAINING THE PERMANENT AND
66	SPECIAL EXHIBITS ARE DIRECTLY ASSOCIATED WITH THE MISSION OF THE
66	MUSEUM TO PRESERVE, EXHIBIT AND PROMOTE AN APPRECIATION OF THE ARTISTC
66	HISTORICAL AND CULTURAL UNIQUENESS OF TAOS AND SOUTHWEST ARTISTS.

Form 990-PF (2015)

Page 13

Part XVII

Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations

Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) of the Code (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?

Yes

Transfers from the reporting foundation to a noncharitable exempt organization of:

(1) Cash...................................

1a(1)

(2) Other assets.................................

1a(2)

Other transactions:

(1) Sales of assets to a noncharitable exempt organization....................

1b(1)

(2) Purchases of assets from a noncharitable exempt organization..................

1b(2)

(3) Rental of facilities, equipment, or other assets.......................

1b(3)

(4) Reimbursement arrangements...........................

1b(4)

(5) Loans or loan guarantees.............................

1b(5)

(6) Performance of services or membership or fundraising solicitations................

1b(6)

Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............

If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) of the Code (other than section 501(c)(3)) or in section 527?...........YesNo

If "Yes," complete the following schedule.

(a) Name of organization	(b) Type of organization	(c) Description of relationship

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
				May the IRS discuss this return with the preparer shown below (see instr.)? Yes No
	Signature of officer or trustee	Date	Title

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Form 990-PF (2015)

Additional Data

Software ID:
Software Version:

Form 990PF - Special Condition Description:

Special Condition Description

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Name of the organization

TAOS ART MUSEUM

Employer identification number

85-0400684

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization TAOS ART MUSEUM

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	RICHARD B SIEGEL FOUNDATION 19360 RINALDI ST STE 311 PORTER RANCH, CA91326	$ 23,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	THE KERR FOUNDATION INC 12501 NORTH MAY AVE OKLAHOMA CITY, OK731201948	$ 5,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization TAOS ART MUSEUM		Employer identification number 85-0400684

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 4


Name of organization TAOS ART MUSEUM			Employer identification number 85-0400684
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

TY 2015 AccountingFeesSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
ACCOUNTING	10,924	1,000	9,924	0

- TIN:

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2015 DepreciationSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Description of Property	Date Acquired	Cost or Other Basis	Prior Years' Depreciation	Computation Method	Rate / Life (# of years)	Current Year's Depreciation Expense	Adjusted Net Income
NAME PLATES	1994-06-15	1,275	1,275	VAR	0 %	0	0
NAME PLATES	1996-06-15	54	54	VAR	0 %	0	0
SIGNS	1994-06-15	707	707	VAR	0 %	0	0
SIGNS FRAME RESTORATION	1996-06-15	775	775	VAR	0 %	0	0
SIGNS	1997-06-15	369	369	SL	5.000000000000	0	0
NAME PLATES	1998-06-15	447	447	SL	5.000000000000	0	0
SIGNS	1998-06-15	1,245	1,245	SL	5.000000000000	0	0
NAMEPLATES	2000-03-01	126	126	SL	5.000000000000	0	0
NAME PLATES	2000-06-01	159	159	SL	5.000000000000	0	0
OTHER FURNITURE	2000-12-01	2,869	2,869	SL	5.000000000000	0	0
OTHER FURNITURE	2000-12-01	36	36	SL	5.000000000000	0	0
FECHIN HOUSE	2002-11-15	532,797	166,337	SL	39.000000000000	13,661	13,661
BUILDING IMPROVEMENTS	2003-01-01	90,458	27,828	SL	39.000000000000	2,319	2,319
LANDSCAPING	2003-01-01	38,759	11,928	SL	39.000000000000	994	994
SURVEILLANCE CAMERAS	2003-01-01	1,056	1,056	SL	5.000000000000	0	0
SCREENS	2003-01-01	1,500	1,500	SL	5.000000000000	0	0
TELEPHONE SYSTEM	2003-01-01	16,257	16,257	SL	5.000000000000	0	0
SIGNS	2003-01-01	273	273	SL	5.000000000000	0	0
SIGNS	2003-01-01	2,272	2,272	SL	5.000000000000	0	0
SIGNS	2003-01-01	931	931	SL	5.000000000000	0	0
FECHIN HOUSE LAND AND GROUNDS AND BUILDING	2002-11-15	217,621		L		0	0
SIGNS (TO RECONCILE TO AUDIT)	1994-07-01	98	98	SL	5.000000000000	0	0
HP COMPUTER & PERIPHERALS	2004-08-30	2,202	2,202	SL	5.000000000000	0	0
ARCHITECTURAL FEES	2004-07-01	800	219	SL	39.000000000000	21	21
SPRINKLER SYSTEM & PATIO	2004-07-01	34,728	24,308	SL	15.000000000000	2,315	2,315
DELL PERIPHERAL NOTEBOOK	2006-05-04	1,147	1,147	SL	5.000000000000	0	0
LECTURE PROJECTOR AND SCREEN	2007-07-01	887	887	SL	5.000000000000	0	0
ROOF	2012-07-01	21,425	1,070	SL	25.000000000000	428	857
ART HANGING SYSTEM	2012-07-01	7,993	1,998	SL	5.000000000000	799	1,599
COMPUTER NETWORK SYSTEM	2013-02-01	8,420	3,158	SL	5.000000000000	1,684	1,684
IRRIGATION SYSTEM	2013-10-02	9,534	2,145	SL	5.000000000000	1,907	1,907
ENTRY RAMP AND HANDRAILS	2013-08-07	2,547	700	SL	5.000000000000	509	509
LIGHTS FOR INTERIOR SECURITY	2013-10-09	376	84	SL	5.000000000000	75	75
INTERIOR SECURITY SYSTEM	2013-11-12	11,333	2,550	SL	5.000000000000	2,267	2,267
2014 LANDSCAPING/IRRIGATION PROJECT	2014-07-01	36,621	1,221	SL	15.000000000000	2,441	2,441
AIR CONDITIONER GIFT SHOP	2014-06-12	2,232	223	SL	5.000000000000	446	446
COMPUTER WORKSTATION	2014-04-17	1,131	113	SL	5.000000000000	226	226
COMPUTER WORKSTATION ADMIN BUILDING	2015-07-07	1,159		SL	5.000000000000	116	116
TOWER DISPLAY CASE GIFT SHOP	2015-03-03	928		SL	5.000000000000	93	155
2014 LANDSCAPING/IRRIGATION PROJECT CONTRIBUTION PORTION)	2014-07-01	3,195		SL	15.000000000000	0	0

- TIN:

TY 2015 InvestmentsCorpBondsSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Name of Bond	End of Year Book Value	End of Year Fair Market Value
CORPORATE SECURITIES LANB	156,315	129,036

- TIN:

TY 2015 InvestmentsCorpStockSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Name of Stock	End of Year Book Value	End of Year Fair Market Value
CORPORATE STOCK LANB	6,603	43,766
CORPORATE STOCK ED JONES	21,500	18,990

- TIN:

TY 2015 LandEtcSchedule2

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value	End of Year Fair Market Value
NAME PLATES	1,275	1,275	0	0
NAME PLATES	54	54	0	0
SIGNS	707	707	0	0
SIGNS FRAME RESTORATION	775	775	0	0
SIGNS	369	369	0	0
NAME PLATES	447	447	0	0
SIGNS	1,245	1,245	0	0
NAMEPLATES	126	126	0	0
NAME PLATES	159	159	0	0
OTHER FURNITURE	2,869	2,869	0	0
OTHER FURNITURE	36	36	0	0
FECHIN HOUSE	532,797	179,998	352,799	352,799
BUILDING IMPROVEMENTS	90,458	30,147	60,311	60,311
LANDSCAPING	38,759	12,922	25,837	25,837
SURVEILLANCE CAMERAS	1,056	1,056	0	0
SCREENS	1,500	1,500	0	0
TELEPHONE SYSTEM	16,257	16,257	0	0
SIGNS	273	273	0	0
SIGNS	2,272	2,272	0	0
SIGNS	931	931	0	0
FECHIN HOUSE LAND AND GROUNDS AND BUILDING	217,621	0	217,621	217,621
SIGNS (TO RECONCILE TO AUDIT)	98	98	0	0
HP COMPUTER & PERIPHERALS	2,202	2,202	0	0
ARCHITECTURAL FEES	800	240	560	560
SPRINKLER SYSTEM & PATIO	34,728	26,623	8,105	8,105
DELL PERIPHERAL NOTEBOOK	1,147	1,147	0	0
LECTURE PROJECTOR AND SCREEN	887	887	0	0
ROOF	21,425	12,211	9,214	9,214
ART HANGING SYSTEM	7,993	6,794	1,199	1,199
COMPUTER NETWORK SYSTEM	8,420	4,842	3,578	3,578
IRRIGATION SYSTEM	9,534	4,052	5,482	5,482
ENTRY RAMP AND HANDRAILS	2,547	1,209	1,338	1,338
LIGHTS FOR INTERIOR SECURITY	376	159	217	217
INTERIOR SECURITY SYSTEM	11,333	4,817	6,516	6,516
2014 LANDSCAPING/IRRIGATION PROJECT	36,621	3,662	32,959	32,959
AIR CONDITIONER GIFT SHOP	2,232	669	1,563	1,563
COMPUTER WORKSTATION	1,131	339	792	792
COMPUTER WORKSTATION ADMIN BUILDING	1,159	116	1,043	1,043
TOWER DISPLAY CASE GIFT SHOP	928	93	835	835
2014 LANDSCAPING/IRRIGATION PROJECT CONTRIBUTION PORTION)	3,195	0	3,195	3,195

- TIN:

TY 2015 OtherAssetsSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
ART COLLECTION	3,225,234	3,225,234	3,225,234
DONATED ART	30,026	30,026	30,026

- TIN:

TY 2015 OtherExpensesSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
ADVERTISING	7,006	7,006
CASH OVER (SHORT)	6	6
INSURANCE	13,351	13,351
LECTURE FEES/PROGRAMS/EDUCATION	940	940
MISCELLANEOUS	3,145	3,145
OFFICE/COMPUTER SUPPLIES AND EXPENSE	3,168	3,168
POSTAGE AND MAILING	728	728
REPAIRS AND MAINTENANCE EQUIPMENT	1,066	1,066
SECURITY SERVICES	2,607	2,607
TELEPHONE	4,248	4,248
TRUSTEE FEES	2,268	2,268
ROUNDING	2	0
ANNUAL FUNDRAISING EXPENSE	154,352	154,352
SPECIAL EVENT COSTS	9,014	9,014
WORKMENS' COMPENSATION INSURANCE	3,421	6,754
EQUIPMENT LEASING	2,964	2,964

- TIN:

TY 2015 OtherIncomeSchedule2

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Description	Revenue And Expenses Per Books	Adjusted Net Income
DOOR ADMISSIONS REVENUE	66,748	66,748
MEMBERSHIPS	25,950	25,950
ROYALTIES	205	205
GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS	240,110	240,110

- TIN:

TY 2015 OtherIncreasesSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Description	Amount
CORRECT FIXED ASSETS	3,089
CORRECT PREPAID INCOME TAX	33

- TIN:

TY 2015 OtherLiabilitiesSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Description	Beginning of Year - Book Value	End of Year - Book Value
PAYROLL LIABILITIES	3,981	8,355
ACCRUED EXPENSES OTHER	25,011	4,693
CREDIT CARDS	1,065	1,424
ACCRUED PAYROLL AND COMPENSATED ABSENCES	0	17,165

- TIN:

TY 2015 OtherProfessionalFeesSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
CONSULTING FEASIBILITY STUDY	15,578	0	0	0
CONSULTING MARKETING	11,216	0	0	0

- TIN:

TY 2015 TaxesSchedule

Name:

TAOS ART MUSEUM

EIN:

85-0400684

Category	Amount	Net Investment Income	Adjusted Net Income	Disbursements for Charitable Purposes
PAYROLL	15,817	0	0	0