The Treasurer is responsible for the bookkeeping for the space, as well as the state, federal, and local taxes and compliance information.

The treasurer is responsible for registering funds which come in, and for paying the bills the President and the Directors have accrued. Being able to track down every single penny is nice, but not required. Experience with double-entry bookkeeping is very nice, but accounting licenses are not.

Quelab, by being a 501©(3) entity is obligated to file an IRS990 annually via an electronic submission. This 'e-postcard' indicates our beginning balances, our ending balances, and a source of our income (program income, donations & memberships, and unrelated income). If our unrelated income is more than 33.3333% of the rest of our income, we will owe federal income taxes on the full amount of unrelated income.

If we have to pay Federal Taxes on our unrelated income, we will also have to pay state corporation taxes on that amount as well.

Even if we don't breach the 33.333% of unrelated income, we may be obligated to pay Gross Receipts Taxes (GRT) based on our county of operation (Bernalillio), which we pay to the state directly. We are also expected to pay the county property tax on buildings and equipment we own. We pay the property-tax on the building we lease as a part of the common-area-maintenance fees we are charged monthly.

We must file with the Attorney General's Office of Charities to be classified as a New Mexico Charity, and solicit donations from the general public. As a charity, we can also apply to become tax-exempt for paying GRT at other businesses, and can get other perks with the Taxation & Revenue Department.

We must file with the Corporation Commission annually, to be classified as a “corporation in good standing”, which is a requirement for a lot of other things.

We must apply for tax-exempt status for NM GRT with the TRD. We use our Tax ID with the state (from when we file our bi-annual tax form) and they issue us with a tax-exempt number which exempts us from sales taxes in the State of New Mexico. However, this does require having the person with the tax number do our shopping…

We must file with the City of Albuquerque annually, to be granted a city business license. Having a business license is required for having an occupancy permit

We must file with the City Fire Marshal to receive a fire inspection with a listing of our allowable occupancy number. Having a fire-inspection is required for having an occupancy permit.