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1248 Foundation is a private corporation based in ARTESIA, NM. The foundation received its IRS ruling in 2019. The principal officer is % John A Yates Iii. It holds total assets of $1.3M. Annual income is reported at $1.2M. The foundation operates in the area of human services. According to available records, 1248 Foundation has made 16 grants totaling $216K, with a median grant of $13K. Annual giving has grown from $12K in 2020 to $88K in 2023. Individual grants have ranged from $1K to $50K, with an average award of $13K. The foundation has supported 13 unique organizations. The foundation primarily supports organizations in Texas, New Mexico, Tennessee, which account for 75% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
1248 Foundation primarily funds organizations in the area of human services. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in TX, NM, TN.
1248 Foundation has distributed a total of $216K across 16 grants. The median grant size is $13K, with an average of $13K. Individual grants have ranged from $1K to $50K.
1248 Foundation typically selects its grantees rather than accepting unsolicited proposals.
1248 Foundation is headquartered in ARTESIA, NM. While based in NM, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Trey A Yates Iii | DIRECTOR, PRESIDENT | $0 | $0 | $0 |
| John A Yates Jr | DIRECTOR, VP, TREASURER | $0 | $0 | $0 |
| Nancy E Yates | DIRECTOR, SECRETARY | $0 | $0 | $0 |
| Alexis Yates | DIRECTOR | $0 | $0 | $0 |
Total Giving
$110K
Total Assets
$1.3M
Fair Market Value
$2M
Net Worth
$1.3M
Grants Paid
$88K
Contributions
$0
Net Investment Income
$80K
Distribution Amount
$98K
Total: $268K
Total Grants
16
Total Giving
$216K
Average Grant
$13K
Median Grant
$13K
Unique Recipients
13
Most Common Grant
$15K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Written In RedTO HELP HEALTHY STUDENT INITIATIVES | Artesia, NM | $4K | 2021 |
| Dar A Luz Birth & Health CenterTO HELP WOMEN WITH MIDWIFERY CARE | Los Ranchos De Albuque, NM | $50K | 2023 |
| America Thinks IncTO HELP WITH VOTER RESEARCH | Bryan, TX | $23K | 2023 |
| Vscp - Tamu Animal ScienceTO HELP FUND RESERAH BASED PROGRAMS | College Station, TX | $10K | 2023 |
| St Jude Children'S HospitalTO HELP CHILDREN WITH CANCER | Memphis, TN |
| 2018 | 990PF | View |
| $3K |
| 2023 |
| Assemblies Of God Us MissionsTO HELP FUND PROGRAM AND MISSIONARIES | Springfield, MO | $3K | 2023 |
| Mercy ProjectTO HELP RESCUE CHILDERN FROM SLAVERY | College Station, TX | $21K | 2022 |
| Breakaway MinistriesTO HELP COLLEGE STUDENTS | College Station, TX | $21K | 2022 |
| Ky Baptist Disaster ReliefTO HELP WITH DISASTERRELIEF | Louisville, KY | $15K | 2021 |
| Tunnel To Towers FoundationTO HONOR FALLEN FIRE FIGHTERS | Staten Island, NY | $15K | 2021 |
| General Council Of The Assemblies Of GodTO HELP STUDENTS | Springfield, MO | $4K | 2021 |
| Kiwanis Club Of CorralesTO HELP UNDERSERVED POPULATION | Albuquerque, NM | $1K | 2021 |
| Hayden Hurst Family Foundation IncTO HELP PEOPLE WITH HEALTH, EDUCATION AND WELLNESS. | Fort Worth, TX | $6K | 2020 |
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