1248 Foundation
- Assets
- $1.2m
- Revenue
- $356.6k
- Investments
- $1.2m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 02/2019
- Data as of
- 12/2021
- EIN
- 81-4716982
Organization Overview
1248 Foundation is located in Artesia, NM. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1248 Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, 1248 Foundation generated $356.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.6%) each year. All expenses for the organization totaled $77.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy E Yates Director, Secretary | 1 | $0 | |
Melody Stubblefield Director | 1 | $0 | |
John A Yates Jr Director, Vp, Treasurer | 1 | $0 | |
Alexis Yates Director | 1 | $0 | |
John Trey A Yates III Director, President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $52,304 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $304,311 |
| Capital Gain Net Income | $304,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $356,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $123 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,330 |
| Total operating and administrative expenses | $23,453 |
| Contributions, gifts, grants paid | $54,000 |
| Total expenses and disbursements | $77,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,588 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $249 |
| 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 | $888,002 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,214,525 |
| 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, 1248 Foundation has awarded $54,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
KY BAPTIST DISASTER RELIEF PURPOSE: TO HELP WITH DISASTERRELIEF | $15,000 |
TUNNEL TO TOWERS FOUNDATION PURPOSE: TO HONOR FALLEN FIRE FIGHTERS | $15,000 |
BREAKAWAY MINISTRIES PURPOSE: TO HELP COLLEGE STUDENTS | $15,000 |
Springfield, MO PURPOSE: TO HELP STUDENTS | $4,000 |
Artesia, NM PURPOSE: TO HELP HEALTHY STUDENT INITIATIVES | $4,000 |
KIWANIS CLUB OF CORRALES PURPOSE: TO HELP UNDERSERVED POPULATION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acsi Children Education Fund Inc Colorado Springs, CO | $5,927,618 | $9,771,787 |
Families & Youth Inc Las Cruces, NM | $11,381,645 | $11,555,132 |
Ogden-Weber Community Action Partnership Inc Ogden, UT | $4,404,262 | $9,925,197 |
Central Texas Opportunities Inc Coleman, TX | $2,982,785 | $9,804,598 |
Cross Creek Ranch Community Association Pipe Creek, TX | $12,075,216 | $10,341,783 |
Santa Maria El Mirador Santa Fe, NM | $9,562,818 | $9,385,452 |
Family Tree Inc Wheat Ridge, CO | $10,333,594 | $9,395,162 |
Yes On 805 Inc Oklahoma City, OK | $75,415 | $8,941,808 |
Economic Council Helping Others Inc Farmington, NM | $2,557,236 | $9,151,934 |
Integrated Family Community Services Englewood, CO | $1,333,991 | $9,106,640 |
Friendly House Inc Phoenix, AZ | $7,870,507 | $9,211,511 |
El Paso Human Services Inc El Paso, TX | $2,048,465 | $8,690,274 |