John A And Charlotte G Yates Legacy Foundation
- Assets
- $20.5m
- Revenue
- $15.4m
- Investments
- $20.2m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-4827176
Organization Overview
John A And Charlotte G Yates Legacy Foundation is located in Artesia, NM. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John A And Charlotte G Yates Legacy Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2017, John A And Charlotte G Yates Legacy Foundation has awarded 60 individual grants totaling $1,121,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlotte G Yates Vice President | 0 | $0 | |
John D Perini Vice President | 0 | $0 | |
Jimmy Naylor Vice President | 0 | $0 | |
Melinda Weast Secretary/treasurer | 0 | $0 | |
Michelle C Garza President, CEO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,822,436 |
| Interest on Savings | $0 |
| Dividends & Interest | $677,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$193,841 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $73,473 |
| Total Revenue | $15,379,402 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $26,353 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $23 |
| Printing and publications | $0 |
| Other expenses | $61,436 |
| Total operating and administrative expenses | $110,864 |
| Contributions, gifts, grants paid | $223,000 |
| Total expenses and disbursements | $333,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,943 |
| Savings and temporary cash investments | $205,882 |
| Net Accounts receivable | $48,625 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $994,326 |
| Net Land, buildings, and equipment | $4,055 |
| Other assets | $0 |
| Total assets | $20,518,669 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, John A And Charlotte G Yates Legacy Foundation has awarded $223,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ARTESIA GENERAL HOSPITAL FOUNDATION PURPOSE: HEALTH ADVANCEMENT CHARITABLE PURPOSE | $50,000 |
BILLY GRAHAM EVANGELISTIC PURPOSE: RELIGIOUS CHARITABLE PURPOSE | $20,000 |
EDDY COUNTY CASA PURPOSE: TO HELP CHILDREN AND PRESERVE THEIR SAFETY | $20,000 |
HONOR HEALTH FOUNDATION PURPOSE: HEALTH ADVANCEMENT CHARITABLE PURPOSE | $40,000 |
K9S FOR WARRIORS PURPOSE: TO HELP END VETERAN SUICIDE | $7,500 |
LUBBOCK CHRISTIAN UNIVERSITY PURPOSE: LIVE LIKE MARQUISE MEMORIAL SCHOLARSHIP | $10,000 |