R D & Joan Dale Hubbard Foundation
- Assets
- $14.0m
- Revenue
- $738.5k
- Investments
- $10.4m
- Employees
- 0
- Location
- Ruidoso, NM
- Founding
- 03/1989
- Data as of
- 12/2023
- EIN
- 75-2266308
Organization Overview
R D & Joan Dale Hubbard Foundation is located in Ruidoso, NM. The organization was established in 1989. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. R D & Joan Dale Hubbard 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, R D & Joan Dale Hubbard Foundation generated $738.5k 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 (8.4%) each year. All expenses for the organization totaled $14.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, R D & Joan Dale Hubbard Foundation has awarded 317 individual grants totaling $21,262,924. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Dale Hubbard President | 1 | $0 | |
Tamara Groat Vp/secretary | 5 | $0 | |
Billy G Smith Treasurer | 1 | $0 | |
Robert Donaldson Executive Di | 40 | $69,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,897 |
| Dividends & Interest | $579,619 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$32,874 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $162,868 |
| Total Revenue | $738,510 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $69,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,325 |
| Depreciation | $474 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,331 |
| Printing and publications | $0 |
| Other expenses | $368,875 |
| Total operating and administrative expenses | $539,767 |
| Contributions, gifts, grants paid | $13,475,906 |
| Total expenses and disbursements | $14,015,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,016,077 |
| Savings and temporary cash investments | $1,316,989 |
| Net Accounts receivable | $242,184 |
| 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 | $1,287,397 |
| Net Land, buildings, and equipment | $9,743 |
| Other assets | $100 |
| Total assets | $14,008,374 |
| Accounts payable and accrued expenses | $61,338 |
| Grants payable | $1,042,052 |
| 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 | $1,103,390 |
Grants Awarded
Over the last fiscal year, R D & Joan Dale Hubbard Foundation has awarded $13,475,906 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
ANGELO STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $3,000 |
ANNEXSTAD FAMILY FOUNDATION PURPOSE: GENERAL SUPPORT | $10,000 |
BIGHORN BAM PURPOSE: GENERAL SUPPORT | $20,000 |
BIGHORN GOLF CLUB CHARITIES INC PURPOSE: GENERAL SUPPORT | $6,500 |
BOYS & GIRLS CLUB OF SIERRA BLANCA PURPOSE: GENERAL SUPPORT | $10,000 |
BRIGHAM YOUNG UNIVERSITY PURPOSE: SCHOLARSHIP | $2,000 |