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Py Foundation is a private corporation based in ARTESIA, NM. The foundation received its IRS ruling in 2014. It holds total assets of $53.4M. Annual income is reported at $6.1M. Total assets have grown from $22M in 2012 to $56M in 2022. The foundation is governed by 4 officers and trustees. Haven of HopePY Foundation paid costs to inform and educate the community about the incoming nonprofit facility in order to aid in the successful approval of a city zoning change necessary to operate this multiple-family residence. PY Foundation continued to pay architect fees as well as some initial soil testing in preparation for the building phase. The Foundation contracted an administrative person to aid the board in tracking and retaining important information up to the time that Haven of Hope hired an executive director. Two contract professionals were retained to provide education to the board of Haven of Hope in best practices of a nonprofit board and to aid them in creating policies and procedures. Haven of Hope will provide housing to single mothers and their children in order to allow them time to receive training or education to better their financial situation. While the mothers are in residence at Haven of Hope, they will be required to attend counseling and financial man. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Grantmaking is concentrated in New Mexico. According to available records, Py Foundation has made 109 grants totaling $31M, with a median grant of $97K. Annual giving has decreased from $5M in 2020 to $2.6M in 2023. Grantmaking activity was highest in 2021 with $12.5M distributed across 18 grants. Individual grants have ranged from $300 to $3.4M, with an average award of $284K. The foundation has supported 26 unique organizations. Grants have been distributed to organizations in New Mexico and Texas. Contributions to this foundation are tax-deductible.
Smallest Grant
$4K
Median Grant
$100K
Average Grant
$697K
Largest Grant
$2.6M
Based on 9 grants from the most recent 990-PF filing.
Jamaica ParkPY Foundation retained the services of an architecture firm to design renovations/improvements to City of Artesia's Jamaica Park. The drawings will be donated to the City of Artesia. PY Foundation also paid the expenses associated with group meetings for planning the project and for some travel for committee members to research parks in other cities.
Expenses: $160K
Haven of HopePY Foundation provided start-up funding to establish this public charity, including legal fees and filing fees for the Form 1023. While getting Haven of Hope up and running, PY Foundation contracted with an architecture firm to allow the Haven of Hope board to begin design of the facility. Haven of Hope will provide housing, counseling and financial management education for single mothers and their children in order to allow them time to receive training or education to better their financial situation.
Expenses: $86K
Jaycee ParkPY Foundation is working with the City of Artesia to renovate public parks. Legal fees to help the City make construction arrangements with a pre-vetted vendor, soil testing, and meeting expenses were paid directly by PY Foundation.
Expenses: $29K
Capacity BuildingPY Foundation is committed to providing charitable entities in our area the tools they need to improve and grow. PY Foundation purchased resource books to have on-hand to provide to nonprofits free of charge. In January, 2020, PY Foundation was able to bring the University of Texas to Artesia to present a series on Nonprofit Management.
Expenses: $4K
Haven of HopePY Foundation paid costs to inform and educate the community about the incoming nonprofit facility in order to aid in the successful approval of a city zoning change necessary to operate this multiple-family residence. PY Foundation continued to pay architect fees as well as some initial soil testing in preparation for the building phase. The Foundation contracted an administrative person to aid the board in tracking and retaining important information up to the time that Haven of Hope hired an executive director. Two contract professionals were retained to provide education to the board of Haven of Hope in best practices of a nonprofit board and to aid them in creating policies and procedures. Haven of Hope will provide housing to single mothers and their children in order to allow them time to receive training or education to better their financial situation. While the mothers are in residence at Haven of Hope, they will be required to attend counseling and financial man. Based on available records, the foundation has funded 109 grants. Its grantmaking reaches organizations primarily in NM, TX.
Py Foundation has distributed a total of $31M across 109 grants. The median grant size is $97K, with an average of $284K. Individual grants have ranged from $300 to $3.4M.
Py Foundation typically selects its grantees rather than accepting unsolicited proposals.
Py Foundation is headquartered in ARTESIA, NM. While based in NM, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sandra Borges | Sec/Treas/Executive Director | $116K | $8K | $124K |
| Nancy Stall | Chief Financial Officer | $116K | $8K | $124K |
| Hanson Yates | Vice President | $0 | $0 | N/A |
| Peyton Yates | President | $0 | $0 | N/A |
Total Giving
$4.3M
Total Assets
$56M
Fair Market Value
$69.9M
Net Worth
$56M
Grants Paid
$2.6M
Contributions
N/A
Net Investment Income
$2.6M
Distribution Amount
$3.4M
Total: $30M
Total Grants
109
Total Giving
$31M
Average Grant
$284K
Median Grant
$97K
Unique Recipients
26
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sw Foundation For Osteopathic Education2023 scholarships | Las Cruces, NM | $800K | 2023 |
| City Of ArtesiaFirst Responder Retention | Artesia, NM | $460K | 2023 |
| Haven Of Hope IncOperating Grant | Artesia, NM | $346K | 2023 |
| Artesia Public SchoolsScience Department Enhancement | Artesia, NM | $230K | 2023 |
| Artesia Mainstreet IncOperating Grant | Artesia, NM | $200K | 2023 |
| Artesia Classical Academy IncOperating Grant | Artesia, NM | $100K | 2023 |
| Boy Scouts Of America - Philmont Scout RanchOperating Grant | Cimarron, NM | $100K | 2023 |
| Artesia General Hospital FoundationCT Scan Scenaria View Project | Artesia, NM | $52K | 2023 |
| Inspired By ScienceSTEM summer camps at APS in July 2023 | Carlsbad, NM | $23K | 2023 |
| El Progreso LibraryArchitectural design for library renov/expansion | Uvalde, TX | $18K | 2023 |
| New Mexico Mounted PatrolEquipment & Training | Artesia, NM | $9K | 2023 |
| San Angelo Area FoundationPermian Area Funders Network Midland 4/12/23 | San Angelo, TX | $8K | 2023 |
| Artesia Literacy CouncilOperating Grant | Artesia, NM | $6K | 2023 |
| Greater Artesia FoundationWomen for a Better Artesia | Artesia, NM | $600 | 2023 |
| Boy Scouts Of AmericaPhilmont Boy Scout Ranch Operating & Fire mitigation | Cimarron, NM | $200K | 2022 |
SANTA FE, NM
SANTA FE, NM
SANTA FE, NM