Estelle H Yates Foundation
- Assets
- $4.2m
- Revenue
- $357.2k
- Investments
- $3.6m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 09/2011
- Data as of
- 12/2023
- EIN
- 27-6185888
Organization Overview
Estelle H Yates Foundation is located in Artesia, NM. The organization was established in 2011. 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. Estelle H Yates 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 12/2023, Estelle H Yates Foundation generated $357.2k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $2.9m during the year ending 12/2023. While expenses have increased by 17.6% per year over the past 9 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 2015, Estelle H Yates Foundation has awarded 60 individual grants totaling $12,227,262. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE ESTELLE H. YATES FOUNDATION CONTINUED THE UPDATE AND IMPROVEMENT PROCESS ON THE CITY OF ARTESIA'S CEMETERY THAT WAS STARTED IN 2014. ESTELLE H. YATES FOUNDATION RETAINED THE SERVICES OF HUITT-ZOLLARS TO DESIGN TWO NEW BUILDINGS IN WOODBINE CEMETERY FOR THE CITY: A NEW CEMETERY OFFICE AND A COMMITTAL SHELTER. MRWM LANDSCAPE ARCHITECTS WAS CONTRACTED TO PROVIDE LANDSCAPE DESIGN FOR PHASE II OF THE WOODBINE CEMETERY RENOVATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peyton Yates Trustee | 1 | $0 | |
Richard M Yates Trustee | 1 | $0 | |
Peyton Yates Davis Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morrow Reardon Wilkinson Miller Ltd | 12/30/23 | $92,817 |
Huitt-zollars Inc | 12/30/23 | $65,219 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $159 |
| Dividends & Interest | $200,866 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,157 |
| Capital Gain Net Income | $156,157 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $357,182 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $654 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $177,438 |
| Contributions, gifts, grants paid | $2,765,057 |
| Total expenses and disbursements | $2,942,495 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,857 |
| Savings and temporary cash investments | $544,723 |
| 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 | $4,177,054 |
| 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, Estelle H Yates Foundation has awarded $2,765,057 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
ARTESIA ARTS COUNCIL PURPOSE: OPERATING | $50,000 |
ARTESIA ARTS COUNCIL PURPOSE: THEATER DIRECTOR SALARY | $31,000 |
ARTESIA ARTS COUNCIL PURPOSE: MISSOULA CHILDRENS THEATER | $4,500 |
ARTESIA GENERAL HOSPITAL FOUNDATION PURPOSE: INFANT WARMER FOR ER | $15,284 |
ARTESIA MAINSTREET INC PURPOSE: MURALS | $12,000 |
ARTESIA PUBLIC SCHOOLS PURPOSE: CURRICULUM ENHANCEMENT | $584,000 |