Py Foundation
- Assets
- $56.7m
- Revenue
- $3.9m
- Investments
- $53.8m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 10/2014
- Data as of
- 09/2021
- EIN
- 46-0951214
Organization Overview
Py Foundation is located in Artesia, NM. The organization was established in 2014. 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. Py 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 09/2021, Py Foundation generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $7.7m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Py Foundation has awarded 111 individual grants totaling $44,719,129. 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
HAVEN OF HOPEPY FOUNDATION PAID THE REMAINING ARCHITECT FEES FOR THE CONSTRUCTION OF PHASE I OF THE FACILITY THAT BEGAN HOUSING SINGLE MOTHERS AND THEIR CHILDREN IN JANUARY 2021 IN ORDER TO ALLOW THEM TIME TO RECEIVE TRAINING OR EDUCATION TO BETTER THEIR FINANCIAL SITUATION. WHILE THE MOTHERS ARE IN RESIDENCE AT HAVEN OF HOPE, THEY WILL BE REQUIRED TO ATTEND COUNSELING AND FINANCIAL MANAGEMENT EDUCATION SESSIONS.
CAPACITY BUILDINGPY FOUNDATION CONTINUED ITS COMMITMENT TO PROVIDE EDUCATION TO AREA NONPROFIT ENTITIES THIS PAST YEAR. A NONPROFIT MANAGEMENT COURSE, CONSISTING OF THREE TWO-DAY CLASSES DURING THE YEAR AND TAUGHT BY UNIVERSITY OF TEXAS PROFESSORS, WAS OFFERED. NONPROFIT PERSONNEL AND BOARD MEMBERS EARNED A CERTIFICATE OF COMPLETION IF THEY COMPLETED THE FULL COURSE. IN ADDITION TO THESE REGULAR QUARTERLY CLASSES, PY FOUNDATION WAS ALSO ABLE TO OFFER A ONE-DAY NONPROFIT ACCOUNTING FUNDAMENTALS CLASS.
INTERNSHIP PROGRAMPY FOUNDATION WORKED WITH TWO INSTITUTIONS OF HIGHER EDUCATION TO PLACE STUDENTS IN JOB POSITIONS THAT ALLOWED THEM JOB AND REAL LIFE EXPERIENCE AS WELL AS EXPOSING THEM TO THE NONPROFIT AND GOVERNMENT SECTOR OF THEIR MAJORS. PY FOUNDATION HOSTED TWO ACCOUNTING INTERNS FROM LUBBOCK CHRISTIAN UNIVERSITY AND WE WERE ABLE TO EXPOSE THEM TO BOTH PUBLIC CHARITY AND PRIVATE FOUNDATION ACCOUNTING AND ADMINISTRATION. THE ARTESIA CHAMBER OF COMMERCE HOSTED AN INTERN FROM ABILENE CHRISTIAN UNIVERSITY AND PROVIDED HIM VALUABLE EXPERIENCE IN ECONOMIC DEVELOPMENT.
ARTS & CULTURAL DISTRICTIN ORDER TO HELP ARTESIA MAINSTREET, INC. BUILD A SUCCESSFUL ARTS & CULTURAL DISTRICT, PY FOUNDATION HIRED A CONTRACTOR WITH ART EXPERIENCE TO SPEARHEAD THE MURAL PROJECT AND AID WITH A DOWNTOWN MUSIC FESTIVAL. ARTESIA NOW BOASTS 6 MURALS ON THE SIDES OF BUILDINGS IN THE DOWNTOWN DISTRICT THAT HIGHLIGHT THE CULTURE AND HISTORY OF OUR AREA. ONE MURAL WAS A COMMUNITY MURAL AND ALLOWED LOCALS TO PAINT A SECTION, PROVIDING ARTESIANS OWNERSHIP IN THEIR MURALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Borges Sec/treas/executive Director | 40 | $197,000 | |
Pam Horner Sec/treas/accountant | 40 | $105,877 | |
Nancy Stall Chief Financial Officer | 40 | $103,400 | |
Hanson Yates Vice President | 1 | $0 | |
Peyton Yates President | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northside Capital Management Llc | 9/29/21 | $343,339 |
Huitt-zollars Inc | 9/29/21 | $323,229 |
Northside Capital Management Llc | 9/29/21 | $343,339 |
Huitt-zollars Inc | 9/29/21 | $323,229 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $531 |
| Dividends & Interest | $1,027,671 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,750,333 |
| Capital Gain Net Income | $2,749,709 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $142,682 |
| Total Revenue | $3,921,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $121,458 |
| Other employee salaries and wages | $254,938 |
| Pension plans, employee benefits | $62,043 |
| Interest | $0 |
| Taxes | $782 |
| Depreciation | $0 |
| Occupancy | $25,022 |
| Travel, conferences, and meetings | $28,968 |
| Printing and publications | $0 |
| Other expenses | $112,195 |
| Total operating and administrative expenses | $1,396,828 |
| Contributions, gifts, grants paid | $6,269,648 |
| Total expenses and disbursements | $7,666,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,906 |
| Savings and temporary cash investments | $2,774,476 |
| 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 | $16,917,350 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,232 |
| Total assets | $56,655,367 |
| 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, Py Foundation has awarded $5,304,177 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF ARTESIA PURPOSE: 1ST RESPONDERS RETENTION BONUSES | $2,189,155 |
SW FOUNDATION FOR OSTEOPATHIC EDUCATION PURPOSE: SCHOLARSHIP PROGRAM FOR MEDICAL STUDENTS | $800,000 |
Artesia, NM PURPOSE: OPERATING & FACILITY CONSTRUCTION | $604,203 |
CITY OF ARTESIA PURPOSE: 1ST RESPONDERS RETENTION BONUSES, EQUIPMENT | $510,878 |
ARTESIA CLASSICAL ACADEMY INC PURPOSE: UNRESTRICTED | $300,000 |
BOY SCOUTS OF AMERICA PURPOSE: PHILMONT BOY SCOUT RANCH OPERATING & FIRE MITIGATION | $200,000 |
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 |