R D & Joan Dale Hubbard Foundation
- Assets
- $27.8m
- Revenue
- $2.0m
- Investments
- $24.1m
- Employees
- 0
- Location
- Ruidoso, NM
- Founding
- 03/1989
- Data as of
- 12/2021
- 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 12/2021, R D & Joan Dale Hubbard Foundation generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.8% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, R D & Joan Dale Hubbard Foundation has awarded 199 individual grants totaling $6,339,903. 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 |
|---|---|---|---|
Robert Donaldson Executive Director | 40 | $63,618 | |
Joan Dale Hubbard President | 1 | $0 | |
Edward A Burger Vp/sec/treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $535,420 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,455,950 |
| Capital Gain Net Income | $1,455,950 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,043 |
| Total Revenue | $1,992,413 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,618 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $37 |
| Taxes | $39,002 |
| Depreciation | $15,075 |
| Occupancy | $15,567 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $291,199 |
| Total operating and administrative expenses | $511,639 |
| Contributions, gifts, grants paid | $1,460,450 |
| Total expenses and disbursements | $1,972,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,215,521 |
| Savings and temporary cash investments | $1,078,711 |
| 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 | $2,019,520 |
| Net Land, buildings, and equipment | $7,225 |
| Other assets | $325,455 |
| Total assets | $27,765,082 |
| 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 | $380,651 |
| Total liabilities | $380,651 |
Grants Awarded
Over the last fiscal year, R D & Joan Dale Hubbard Foundation has awarded $1,460,450 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
Rancho Mirage, CA PURPOSE: GENERAL SUPPORT | $905,000 |
Palm Desert, CA PURPOSE: GENERAL SUPPORT | $126,000 |
Fort Worth, TX PURPOSE: SCHOLARSHIP | $38,500 |
Alto, NM PURPOSE: GENERAL SUPPORT | $35,000 |
UNIVERSITY OF ARIZONA PURPOSE: SCHOLARSHIP | $29,500 |
Ruidoso Downs, NM PURPOSE: GENERAL SUPPORT | $28,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Meridian Institute Dillon, CO | $18,119,345 | $21,383,160 |
Gill Foundation Denver, CO | $227,109,663 | $12,646,667 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
Freeport-Mcmoran Copper & Gold Foundation Phoenix, AZ | $2,326,146 | $18,600,000 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |