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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. Total assets have grown from $946K in 2019 to $1.3M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of human services. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. 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.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
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 | N/A |
| John A Yates Jr | DIRECTOR, VP, TREASURER | $0 | $0 | N/A |
| Nancy E Yates | DIRECTOR, SECRETARY | $0 | $0 | N/A |
| Alexis Yates | DIRECTOR | $0 | $0 | N/A |
Total Giving
$110K
Total Assets
$1.3M
Fair Market Value
$2M
Net Worth
$1.3M
Grants Paid
$88K
Contributions
N/A
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
$21K
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 | $3K | 2023 |
| Assemblies Of God Us MissionsTO HELP FUND PROGRAM AND MISSIONARIES | Springfield, MO | $3K | 2023 |
| Breakaway MinistriesTO HELP COLLEGE STUDENTS | College Station, TX | $21K | 2022 |
| Mercy ProjectTO HELP RESCUE CHILDERN FROM SLAVERY | College Station, TX | $21K | 2022 |
| Tunnel To Towers FoundationTO HONOR FALLEN FIRE FIGHTERS | Staten Island, NY | $15K | 2021 |
| Ky Baptist Disaster ReliefTO HELP WITH DISASTERRELIEF | Louisville, KY | $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 |