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Also known as: EDUCATION FOUNDATION
Leaco Rural Telephone Education Foundation is a private 0 based in HOBBS, NM. The foundation received its IRS ruling in 0000. It holds total assets of $28K. Annual income is reported at $26K. COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF LEACO RURAL TELEPHONE COOPERATIVE, INC. OR MEMBERS OF THEIR IMMEDIATE FAMILY. IN 2022 2 STUDENTS WERE AWARDED SCHOLARSHIPS IN THE AMOUNT OF $1,000 EACH. $4,000 WAS PAID OUT DURING 2022 WITH $1,000 PAYABLE AT THE END OF THE YEAR. According to available records, Leaco Rural Telephone Education Foundation has made 20 grants totaling $13K, with a median grant of $500. Annual giving has grown from $5K in 2021 to $8K in 2022. Individual grants have ranged from $500 to $1K, with an average award of $650. The foundation has supported 10 unique organizations. Grant recipients are concentrated in New Mexico.
COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF LEACO RURAL TELEPHONE COOPERATIVE, INC. OR MEMBERS OF THEIR IMMEDIATE FAMILY. IN 2022 2 STUDENTS WERE AWARDED SCHOLARSHIPS IN THE AMOUNT OF $1,000 EACH. $4,000 WAS PAID OUT DURING 2022 WITH $1,000 PAYABLE AT THE END OF THE YEAR.
Expenses: $4K
COLLEGE SCHOLARSHIPS TO ACTIVE MEMBERS OF LEACO RURAL TELEPHONE COOPERATIVE, INC. OR MEMBERS OF THEIR IMMEDIATE FAMILY. IN 2022 2 STUDENTS WERE AWARDED SCHOLARSHIPS IN THE AMOUNT OF $1,000 EACH. $4,000 WAS PAID OUT DURING 2022 WITH $1,000 PAYABLE AT THE END OF THE YEAR. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in NM.
Leaco Rural Telephone Education Foundation has distributed a total of $13K across 20 grants. The median grant size is $500, with an average of $650. Individual grants have ranged from $500 to $1K.
The application deadline is APRIL 3RD. IN ORDER TO BE ELIGIBLE TO RECEIVE A LEACO RURAL TELEPHONE SCHOLARSHIP: 1) THE APPLICANT OR APPLICANT'S PARENT/GUARDIAN MUST BE A CUSTOMER OF LEACO AND THE ACCOUNT MUST BE IN 'GOOD STANDING'. FOR PURPOSES OF THIS APPLICATION, 'IN GOOD STANDING' SHALL BE DEFINED AS AN ACTIVE ACCOUNT WHICH HAS NOT BEEN DISCONNECTED FOR NON-PAYMENT WITHIN 6 MONTHS OF THE SCHOLARSHIP DEADLINE 2) APPLICANT MUST BE A HIGH SCHOOL SENIOR. 3) APPLICANTS MUST INTEND ON ENROLLING FULL-TIME (AT LEAST 12 CREDIT HOURS PER SEMESTER) IN ANY POST-SECONDARY INSTITUTION PROVIDING AT LEAST A TWO-YEAR DEGREE PROGRAM. PROOF OF FULL-TIME ENROLLMENT IS REQUIRED BEFORE RECEIVING ACTUAL FUNDS.
Leaco Rural Telephone Education Foundation is headquartered in HOBBS, NM.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Garnett | PRESIDENT | $0 | $0 | $0 |
| Joel Klein | SECRETARY/TREASURER | $0 | $0 | $0 |
| Leon Hemann | VICE PRESIDENT | $0 | $0 | $0 |
| Regina Watson | ASST SECRETARY/TREAS | $0 | $0 | $0 |
Total Giving
$4K
Total Assets
$9K
Fair Market Value
$9K
Net Worth
$7K
Grants Paid
$3K
Contributions
$4K
Net Investment Income
$0
Distribution Amount
$379
Total Grants
20
Total Giving
$13K
Average Grant
$650
Median Grant
$500
Unique Recipients
10
Most Common Grant
$1K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mariah GrimmSCHOLARSHIP | Dexter, NM | $1K | 2022 |
| Zachary HuffanSCHOLARSHIP | Lovington, NM | $1K | 2022 |
| Carter DiamondSCHOLARSHIP | Lovington, NM | $500 | 2022 |
| Jonathon SalgadoSCHOLARSHIP | Hobbs, NM | $500 | 2022 |
| Jordan BartlettSCHOLARSHIP | Tatum, NM | $500 | 2022 |
LOVINGTON, NM
PORTALES, NM
ARTESIA, NM
CLOVIS, NM
JOHNSON CITY, TX
| Madison BleyenbergSCHOLARSHIP |
| Tatum, NM |
| $500 |
| 2022 |
| Lesly GomezSCHOLARSHIP | Lovington, NM | $1K | 2021 |
| Kaelieigh VegaSCHOLARSHIP | Lovington, NM | $1K | 2021 |
| Ashlyn GriffinSCHOLARSHIP | Tatum, NM | $500 | 2021 |
| Aryana MunozSCHOLARSHIP | Dexter, NM | $500 | 2021 |
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