Py Foundation
- Assets
- $56.0m
- Revenue
- $3.1m
- Investments
- $50.5m
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 10/2014
- Data as of
- 09/2023
- 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 09/2023, Py Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.5%) each year. All expenses for the organization totaled $4.3m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Py Foundation has awarded 149 individual grants totaling $47,087,413. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
MULTIPURPOSE LIVESTOCK BUILDINGEDDY COUNTY FAIR ASSOCIATION IS PREPARING TO BUILD A MULTIPURPOSE LIVESTOCK BUILDING AT THE EDDY COUNTY FAIRGROUNDS. PY FOUNDATION HAS COMMITTED TO PAYING THE COSTS OF ARCHITECTURAL DESIGN, THE OWNERS' REPRESENTATIVE FEES, CMAR PRE-CONSTRUCTION FEES, SURVEYING AND ENGINEERING COSTS, AND GEOTECH TESTING.
CAPACITY BUILDING FOR ALL LOCAL NONPROFITSPY FOUNDATION CONTINUES TO INCREASE LOCAL NONPROFIT ORGANIZATIONS' CAPABILITY TO OPERATE BY PROVIDING CONTINUING EDUCATION TO STAFF AND BOARDS. THEY PROVIDED QUARTERLY TWO-DAY CLASSES BY THE UNIVERSITY OF TEXAS AS WELL AS SOME ONE-ON-ONE TRAINING FOR A START-UP BOARD. PY FOUNDATION PROVIDED A CONTRACT EMPLOYEE TO ARTESIA MAINSTREET TO HELP WITH THEIR ARTS & CULTURAL DISTRICT AND AIDED SEVERAL SMALL NONPROFITS WITH WEBSITE DESIGN, BOOKKEEPING AND TAX FILINGS.
ARTESIA RECREATION CENTER FOUNDATIONPY FOUNDATION IS COVERING THE COST OF DESIGN AND ENGINEERING FOR THE CONSTRUCTION OF A RECREATION CENTER THAT WILL BE DONATED TO THE CITY OF ARTESIA ONCE COMPLETED. THIS WILL BE A PUBLIC FACILITY TO REPLACE THE CITY'S CURRENT RECREATION CENTER, BUILT IN 1980, THAT HAS MULTIPLE STRUCTURAL ISSUES AND IS TOO SMALL TO ADEQUATELY MEET THE COMMUNITY'S NEEDS. PY FOUNDATION ALSO COVERED START-UP COSTS FOR THE ARTESIA RECREATION CENTER FOUNDATION AS WELL AS COSTS TO RESEARCH RECREATION CENTERS IN OTHER CITIES.
WOMEN FOR A BETTER ARTESIAPY FOUNDATION HOLDS A QUARTERLY LUNCHEON TO EMPOWER THE WOMEN OF ARTESIA THROUGH EDUCATIONAL, NETWORKING AND VOLUNTEER OPPORTUNITIES THAT HELP MAKE ARTESIA, NM A BETTER PLACE TO LIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peyton Yates President | 20 | $0 | |
Hanson Yates Vice President | 1 | $0 | |
Sandra Borges Sec/treas/executive Director | 40 | $116,208 | |
Nancy Stall Chief Financial Officer | 40 | $116,101 | |
Destiny Rojo Program Officer | 40 | $84,251 | |
Valerie Moreno Accountant | 40 | $74,885 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Northside Capital Management Llc | 9/29/23 | $310,484 |
Kefferoverton Associates Inc | 9/29/23 | $393,700 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,079,904 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,636,180 |
| Capital Gain Net Income | $1,636,180 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $361,842 |
| Total Revenue | $3,077,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $232,309 |
| Other employee salaries and wages | $159,136 |
| Pension plans, employee benefits | $74,107 |
| Interest | $0 |
| Taxes | $68,521 |
| Depreciation | $0 |
| Occupancy | $24,849 |
| Travel, conferences, and meetings | $101,284 |
| Printing and publications | $0 |
| Other expenses | $168,961 |
| Total operating and administrative expenses | $1,707,761 |
| Contributions, gifts, grants paid | $2,553,515 |
| Total expenses and disbursements | $4,261,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,812 |
| Savings and temporary cash investments | $5,297,677 |
| 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 | $20,548,218 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,488 |
| Total assets | $55,958,474 |
| 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 $4,306,195 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ARTESIA CLASSICAL ACADEMY INC PURPOSE: OPERATING GRANT | $100,000 |
ARTESIA CLASSICAL ACADEMY INC PURPOSE: DESIGN COMMENCEMENT 25% | $44,305 |
ARTESIA GENERAL HOSPITAL FOUNDATION PURPOSE: CT SCAN SCENARIA VIEW PROJECT | $52,000 |
ARTESIA LITERACY COUNCIL PURPOSE: OPERATING GRANT | $6,000 |
ARTESIA MAINSTREET INC PURPOSE: OPERATING GRANT | $200,000 |
ARTESIA PUBLIC SCHOOLS PURPOSE: SCIENCE DEPARTMENT ENHANCEMENT | $230,152 |