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Veteto Foundation is a private corporation based in HOBBS, NM. The foundation received its IRS ruling in 2006. The principal officer is Mark Veteto. It holds total assets of $16K. Annual income is reported at $40K. Total assets have decreased from $109K in 2011 to $20K in 2023. The foundation is governed by 5 officers and trustees. Furthering public education in the city of hobbs, new mexico by encouraging teachers to stay in the profession of teaching. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in New Mexico and Texas. According to available records, Veteto Foundation has made 48 grants totaling $183K, with a median grant of $5K. The foundation has distributed between $35K and $74K annually from 2021 to 2024. Grantmaking activity was highest in 2023 with $74K distributed across 20 grants. Individual grants have ranged from $500 to $5K, with an average award of $4K. The foundation has supported 30 unique organizations. Grants have been distributed to organizations in New Mexico and Texas. Contributions to this foundation are tax-deductible.
No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
Smallest Grant
$500
Median Grant
$5K
Average Grant
$4K
Largest Grant
$5K
Based on 10 grants from the most recent 990-PF filing.
Furthering public education in the city of hobbs, new mexico by encouraging teachers to stay in the profession of teaching.
Expenses: $30K
Donation to project 40 31, inc
Expenses: $750
Donation to palmer drug abuse program
Expenses: $5K
Donation to mypower
Expenses: $2K
Furthering public education in the city of hobbs, new mexico by encouraging teachers to stay in the profession of teaching. Based on available records, the foundation has funded 48 grants. Its grantmaking reaches organizations primarily in NM, TX.
Veteto Foundation has distributed a total of $183K across 48 grants. The median grant size is $5K, with an average of $4K. Individual grants have ranged from $500 to $5K.
Veteto Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (205181651) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Veteto Foundation is headquartered in HOBBS, NM. While based in NM, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark Veteto | TREASURER | $0 | $0 | N/A |
| Patti Veteto | DIRECTOR | $0 | $0 | N/A |
| Scotty Holloman | DIRECTOR | $0 | $0 | N/A |
| Kali D'Onofrio | DIRECTOR | $0 | $0 | N/A |
| Janey Roan | DIRECTOR | $0 | $0 | N/A |
Total Giving
$46K
Total Assets
$20K
Fair Market Value
$20K
Net Worth
$20K
Grants Paid
$37K
Contributions
$40K
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
48
Total Giving
$183K
Average Grant
$4K
Median Grant
$5K
Unique Recipients
30
Most Common Grant
$5K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Roxanna Dee SanchezPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2024 |
| Dora K DavisPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2024 |
| Tiffany R LabreckPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2024 |
| Jose L MaresPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2024 |
| Palmer Drug Abuse ProgramDRUG ABUSE COUNSELING | Hobbs, NM | $5K | 2024 |
| Hayley ArmstrongPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2024 |
| Southwest Symphony IncPROMOTION OF EDUCATION | Hobbs, NM | $3K | 2024 |
| University Of North TexasPROMOTION OF EDUCATION | Denton, TX | $3K | 2024 |
| MypowerPROMOTION OF EDUCATION | Hobbs, NM | $1K | 2024 |
| Eva M AstorgaPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2023 |
| Manuel L SanchezPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2023 |
| Martha YoungbloodPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2023 |
| Mayra E Mendoza-CastilloPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2023 |
| Pamalee L AcevedoPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2023 |
| Casa Of Lea CountyPROMOTION OF EDUCATION | Hobbs, NM | $1K | 2023 |
| Hobbs High School Senior BashPROMOTION OF EDUCATION | Hobbs, NM | $500 | 2023 |
| Benjamin Travis FisherPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2022 |
| Allison WrightPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2022 |
| Marisol ForristerPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2022 |
| Teather RodirguezPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2022 |
| Kacee BreckelPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2022 |
| Lea County MuseumPROMOTION OF EDUCATION | Lovington, NM | $500 | 2022 |
| David FierroPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2021 |
| Erika Valdez-BetschPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2021 |
| Irene MedranoPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2021 |
| Ivan De La RivaPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2021 |
| Krysta FeltsPROMOTION OF EDUCATION | Hobbs, NM | $5K | 2021 |
| Tara BoydstonPROMOTION OF EDUCATION | Seminole, TX | $5K | 2021 |
| Project 40 31 IncSUPPORT ILL CHILDREN AND ADULTS | Hobbs, NM | $750 | 2021 |
| Hhs Senior BashSUPPORT DRUG AND ALCOHOL FREE | Hobbs, NM | $500 | 2021 |
SANTA FE, NM
SANTA FE, NM
SANTA FE, NM