ALBUQUERQUE ACADEMY EDUCATIONAL FOUNDATION

THE ALBUQUERQUE ACADEMY EDUCATIONAL FOUNDATION WAS ESTABLISHED TO SUPPORT THE NEW MEXICO MEMBER SCHOOLS OF THE INDEPENDENT ASSOCIATION OF THE SOUTHWEST. THE EDUCATIONAL FOUNDATION IS OPERATED, SUPERVISED, AND CONTROLLED BY THE ALBUQUERQUE ACADEMY. THE ALBUQUERQUE ACADEMY IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). EFFECTIVE JULY 1, 2009, THE EDUCATIONAL FOUNDATION SUSPENDED THE AWARDING OF GRANTS UNTIL SUCH TIME AS ECONOMIC CONDITIONS MAKE IT FEASIBLE TO RESUME THE AWARDS. FOR THE FISCAL YEAR ENDING JUNE 30, 2023, THE EDUCATIONAL FOUNDATION MADE NO AWARDS AND HAD NO OTHER FINANCIAL ACTIVITY OR ASSETS AND LIABILITIES.