HOBBS, NM
J F Maddox Foundation
Quick Facts
- EIN
- 756023767
- Location
- HOBBS, NM
- Category
- Education
- Total Assets
- $247.3M
- Annual Income
- $14.4M
- IRS Ruling Year
- 1964
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
J F Maddox Foundation is a private corporation based in HOBBS, NM. The foundation received its IRS ruling in 1964. It holds total assets of $247.3M. Annual income is reported at $14.4M. The foundation operates in the area of education. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$16.7M
2023-4%
Total Assets
$246.1M
2023-3%
Fair Market Value
$267.2M
2023
Net Worth
$246.1M
2023
Grants Paid
$8.9M
2023
Contributions
$0
2023
Net Investment Income
$6.1M
2023
Distribution Amount
$12.7M
2023
Total Giving by Year
$13.1M
11$15.6M
12$11M
13$11.6M
14$18.5M
15$17.2M
19$10.1M
20$15.5M
21$17.4M
22$16.7M
23Asset Growth
$224.6M
11$230.1M
12$239.3M
13$252.6M
14$243M
15$234.9M
19$240.4M
20$254.5M
21$253.2M
22$246.1M
23Investment Portfolio (2023)
Total: $91.8M
Corporate Stock: $91.8M
Other Investments: $151.6M
Corporate Stock (38%)
Other Investments (62%)
Expense Breakdown (2023)
Grants Paid$8.9M
Officer Compensation$1.3M
Pension & Benefits$305K
Travel & Conferences$254K
Occupancy$143K
Accounting Fees$68K
Depreciation$57K
Legal Fees$45K
Interest$9
Revenue Sources (2023)
- Dividends
- $4.4M
- Interest
- $2.7M
- Other Income
- $1.5M
- Capital Gains (Net)
- $931K
Financial Details (2023)
- Total Revenue
- $9.6M
- Total Expenses
- $16.7M
- Exempt Purpose Expenses
- $11.5M
- Required Distribution
- $12.7M
- Undistributed Income
- $335K
- Total Liabilities
- $608
- Excise Tax
- $84K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$8.4M
Average Grant
$168K
Median Grant
$23K
Grant Range
Min$10K
Max$5.8M
Median: $23K
Smallest grantLargest grant
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
MA: $88K (1)
CT
RI
OR
NV
WY
SD
IA
IL
IL: $200K (1)
IN
OH
PA
NJ
CA
CA: $19K (1)
UT
CO
CO: $15K (1)
NE
MO
MO: $68K (3)
KY
WV
VA
VA: $20K (1)
MD
DE
DC
AZ
NM
NM: $1.7M (35)
KS
AR
TN
NC
NC: $92K (3)
SC
OK
LA
MS
AL
GA
FL
HI
TX
TX: $6.2M (4)
TX$6.2M (4)
NM$1.7M (35)
IL$200K (1)
NC$92K (3)
MA$88K (1)
MO$68K (3)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Covenant Health Systemnew hospital | Lubbock, TX | $5.8M | 2023 |
| United Way Of Lea County IncCapital Campaign support + Employee matching + warming station + wheelchair basketball tournament + Reading Under the Lights Scholastic Book Purchase | Hobbs, NM | $328K | 2023 |
| Lovington Mainstreet CorporationNot Vacant Shindig + Smokin' on the Plaza 2023 + Lea Theatre Revitalization | Lovington, NM | $299K | 2023 |
| Unity Recovery SolutionsWomen's Sober Living Home (Unity House) + general operating support | Weatherford, TX | $278K | 2023 |
| Golden Apple Foundation For Excellence In TeachingAddressing the Shortage of Highly-Effective Teachers in New Mexico - | Chicago, IL | $200K | 2023 |
| Encore Entertainment IncSouthwest Symphony 2023-2024 Concert Season + Southwest Symphony 40th Anniversary Celebration Social Event + in honor of Cindy Walker | Hobbs, NM | $126K | 2023 |
| Haverhill Public SchoolsHaverhill Promise | Haverhill, MA | $88K | 2023 |
| City Of LovingtonAnimal Spay and Neuter Programs + Renovations of the Harold Runnels Softball Complex & Police Squad Car Purchase & City Training + 2023 Hispanic Heritage Concert Series + Project Fund 4th of July Festival Party in The Park 2023 | Lovington, NM | $82K | 2023 |
| Boys Club Of Hobbs Inc Dba Boys And Girls Club Of Hobbs Incin memory of Mary Baber + Mike Clampitt + Adult Behind the Child Program + plumbing improvements | Hobbs, NM | $80K | 2023 |
| Hobbs Jaycees Community Fund Inc2023 Hobbs August Nites | Hobbs, NM | $79K | 2023 |
| New Mexico Junior CollegeNJCAA Outdoor Track and Field Championship + 2022-2023 Exhibits at the Western Heritage Museum | Hobbs, NM | $72K | 2023 |
| Sacramento Methodist Assemblygeneral operating support + the Family Life Center + in honor of Paul and Sherry Campbell | Sacramento, NM | $70K | 2023 |
| Troy White2019 Distinguished Scholar | Hobbs, NM | $53K | 2023 |
| Daylan Flemmons2018 Distinguished Scholar | Brownfield, TX | $52K | 2023 |
| Town Of TatumPatio | Tatum, NM | $50K | 2023 |
| Habitat For Humanity Of HobbsWomen's Shelter Renovations + construction costs + general operating support + 2023 Transitional Shelter Pilot | Hobbs, NM | $46K | 2023 |
| Wake Forest Universitythe law fund and maddox law scholarship | Winstonsalem, NC | $45K | 2023 |
| United Way Of Greater St Louis IncBJC HealthCare's fundraising campaign | Saint Louis, MO | $43K | 2023 |
| Brooklyn Arreola2021 Distinguished Scholar | Lovington, NM | $32K | 2023 |
| Isaiah'S Soup Kitchenfreezers + Air Conditioner Purchase and Installation + general operating support | Hobbs, NM | $32K | 2023 |
| Mykaylah Thomasscholarship - 2023 Computer Laptop Recipient + 2022 distinguished scholar | Hobbs, NM | $26K | 2023 |
| Covenant Village Incto provide "seed money" to supplement the chaplain program | Gastonia, NC | $25K | 2023 |
| Eastern New Mexico University FoundationKENW Radio 3000 Watt FM Transmitter | Portales, NM | $25K | 2023 |
| Nor-Lea Hospital DistrictGuardian Angel | Lovington, NM | $25K | 2023 |
| Brevin Mccool2020 Distinguished Scholar | Hobbs, NM | $25K | 2023 |
| Salem Academy And Collegethe Susan Leigh Maddox Science and Math Excellence Fund + math & science equipmen +, internships | Winstonsalem, NC | $22K | 2023 |
| New Mexico Ramp ProjectLea County Wheelchair Ramp Project | Albuquerque, NM | $21K | 2023 |
| Bridges Project For Educationgeneral operating support | Taos, NM | $20K | 2023 |
| Community Players Of Hobbs IncY.P.A.W. (Youth Performing Arts Workshop - Dear Edwina Jr. | Hobbs, NM | $20K | 2023 |
| City Of HobbsAdaptive Sports, Animal Spay and Neuter Program | Hobbs, NM | $20K | 2023 |
| Texas Methodist Foundationin memory of Roland McGregor + First Methodist Church of Hobbs Endowment | Austin, TX | $20K | 2023 |
| Las Cruces First Assembly Of Godmissions + community outreach | Las Cruces, NM | $20K | 2023 |
| Hollins UniversityHollins Fund + French Department | Roanoke, VA | $20K | 2023 |
| Paseo Project Incgeneral operating support | Taos, NM | $20K | 2023 |
| Actec Foundationspring fundraiser + in memory of Daniel Markstein + general operating support | Los Angeles, CA | $19K | 2023 |
| Junior Service League Of Hobbs IncSpring Super Star Shoe Program + 2023 Fall Superstar Shoe Program | Hobbs, NM | $18K | 2023 |
| Leadership New Mexicoto support statewide leadership development activities for 2022-2023 + Core Group Annual Dinner meeting event in Hobbs | Albuquerque, NM | $18K | 2023 |
| Colorado Outdoor Education Centerscholarship program at Sanborn Western Camps | Florissant, CO | $15K | 2023 |
| Guidance Center Of Lea County IncRemoval of the Alpine Tower from Humphrey House Location | Hobbs, NM | $15K | 2023 |
| Boy Scouts Of America Conquistador Council2023 National Boy Scouts Jamboree | Roswell, NM | $15K | 2023 |
| Mypower IncBoys Mentoring Circles Pilot Program + general operating support | Hobbs, NM | $15K | 2023 |
| Sheri'S House Of Hope IncTechnology, Marketing, and Professional Development + general operating support | Hobbs, NM | $15K | 2023 |
| One Love Worldwidegeneral operating support | Hobbs, NM | $14K | 2023 |
| Phoenix House - Sexual Assault & Domestic Violence Resource Centergeneral operating support | Hobbs, NM | $13K | 2023 |
| Cissy Food Ministrygeneral operating support | Hobbs, NM | $13K | 2023 |
| College Bound St Louisgeneral operating support | Saint Louis, MO | $13K | 2023 |
| Turn The Page Stlgeneral operating support | Saint Louis, MO | $13K | 2023 |
| Palmer Drug Abuse Program Of Lea County Incin memory of R. A. Blair + general operating support + special kids program | Hobbs, NM | $12K | 2023 |
| Lea County Commission For The Arts IncReaders Theater + general operating support | Hobbs, NM | $11K | 2023 |
| Couse Foundationgeneral operating support | Taos, NM | $10K | 2023 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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