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Hb Foundation Inc. is a private corporation based in LAS CRUCES, NM. The foundation received its IRS ruling in 2022. The principal officer is Courtney Mcalister. It holds total assets of $500K. Annual income is reported at $178K. Total assets have grown from $115K in 2022 to $343K in 2023. The foundation is governed by 3 officers and trustees. To solicit and provide funding to support educational, cultural, and charitable activities. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2022 to 2023. According to available records, Hb Foundation Inc. has made 8 grants totaling $36K, with a median grant of $4K. Annual giving has decreased from $23K in 2022 to $13K in 2023. Individual grants have ranged from $1K to $8K, with an average award of $4K. The foundation has supported 6 unique organizations. Grant recipients are concentrated in New Mexico. Contributions to this foundation are tax-deductible.
To solicit and provide funding to support educational, cultural, and charitable activities.
Expenses: $23K
To solicit and provide funding to support educational, cultural, and charitable activities. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in NM.
Hb Foundation Inc. has distributed a total of $36K across 8 grants. The median grant size is $4K, with an average of $4K. Individual grants have ranged from $1K to $8K.
Hb Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Hb Foundation Inc. is headquartered in LAS CRUCES, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joshua Hakes | PRESIDENT | $0 | $0 | N/A |
| Kimball Hakes | CFO | $0 | $0 | N/A |
| Christopher Hakes | DIRECTOR | $0 | $0 | N/A |
Total Giving
$15K
Total Assets
$343K
Fair Market Value
$343K
Net Worth
$343K
Grants Paid
$13K
Contributions
$242K
Net Investment Income
N/A
Distribution Amount
$11K
Total Grants
8
Total Giving
$36K
Average Grant
$4K
Median Grant
$4K
Unique Recipients
6
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Big Brothers Big SistersMENTORING | Las Cruces, NM | $6K | 2022 |
| Turning Point Of Las CrucesPREGNANCY SUPPORT SERVICES | Las Cruces, NM | $8K | 2023 |
| New Horizons SymphonyMENTORING | Las Cruces, NM | $2K | 2023 |
| New Mexico RampSUPPORT SERVICES | Albuquerque, NM | $2K | 2023 |
| Southern New Mexico Foster AdoptionFOSTER PROGRAM | Las Cruces, NM | $5K | 2022 |
| Elias TrujilloASSISTANCE FOR MEDICAL PURPOSES | Corrales, NM | $4K | 2022 |
SANTA FE, NM
SANTA FE, NM
SANTA FE, NM