S P & Estelle Yates Family Foundation
- Assets
- $5.2m
- Revenue
- $305.5k
- Investments
- $5.0m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 11/1995
- Data as of
- 12/2021
- EIN
- 85-0434556
Organization Overview
S P & Estelle Yates Family Foundation is located in Artesia, NM. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. S P & Estelle Yates Family 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, S P & Estelle Yates Family Foundation generated $305.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, S P & Estelle Yates Family Foundation has awarded 182 individual grants totaling $12,284,941. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY BUILDING:IN ORDER TO HELP GRANTEES BECOME MORE STABLE, STRONGER AND MORE DIVERSELY FUNDED, THE S.P. & ESTELLE YATES FAMILY FOUNDATION IS WORKING WITH CONTRACT FIRMS TO PROVIDE TOOLS THAT WILL HELP GRANTEES THRIVE ONCE OUR SUPPORT IS NO LONGER AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzanne Hammer Secretary | 1 | $48,100 | |
Peyton Yates Vice President | 1 | $0 | |
Danny Parker Director | 1 | $0 | |
Kenneth Clayton Director | 1 | $0 | |
Jennifer Peterson President Elect | 1 | $0 | |
Pam Horner Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $35 |
| Dividends & Interest | $137,569 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $167,866 |
| Capital Gain Net Income | $167,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $305,470 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,529 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,040 |
| Total operating and administrative expenses | $92,603 |
| Contributions, gifts, grants paid | $991,046 |
| Total expenses and disbursements | $1,083,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,375 |
| Savings and temporary cash investments | $134,965 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,153,222 |
| Accounts payable and accrued expenses | $2,020 |
| 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 | $2,020 |
Grants Awarded
Over the last fiscal year, S P & Estelle Yates Family Foundation has awarded $2,126,416 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Artesia, NM PURPOSE: OPERATING SUPPORT | $805,800 |
NATIONAL DANCE INSTITUTE PURPOSE: SENM RESIDENCY PROGRAM | $329,570 |
MWEBAZA FOUNDATION INC PURPOSE: SALARIES & CONSULTANTS/ENDOWMENT | $295,000 |
Artesia, NM PURPOSE: OPERATING/LANDSCAPING | $194,200 |
SEXUAL ASSAULT SERVICES OF NM PURPOSE: SALARY FOR SANE COORDINATOR | $100,000 |
Roswell, NM PURPOSE: GENERAL OPERATING SUPPORT | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Brent Eley Center Inc Aurora, CO | $0 | $0 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Boettcher Foundation Denver, CO | $266,743,315 | $22,782,794 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Charityvision International Inc Provo, UT | $7,076,179 | $9,590,152 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
R Foundation Kaysville, UT | $410,534 | $5,235,533 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |