J F Maddox Foundation
- Assets
- $253.2m
- Revenue
- $16.1m
- Investments
- $231.1m
- Employees
- 0
- Location
- Hobbs, NM
- Founding
- 10/1964
- Data as of
- 12/2022
- EIN
- 75-6023767
Organization Overview
J F Maddox Foundation is located in Hobbs, NM. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J F Maddox 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 12/2022, J F Maddox Foundation generated $16.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $17.4m during the year ending 12/2022. While expenses have increased by 0.3% per year over the past 4 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 2020, J F Maddox Foundation has awarded 655 individual grants totaling $23,868,343. 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
2022
Describe the Organization's Program Activity:
MANAGEMENT AND ADMINISTRATION OF JACK MADDOX DISTINGUISHED LECTURE SERIES (DLS). REFER TO WEBSITE AT WWW.JFMADDOX.ORG
MANAGEMENT & ADMINISTRATION OF JACK MADDOX DISTINGUISHED SCHOLARSHIP PROGRAM. REFER TO WEBSITE AT WWW.JFMADDOX.ORG
THE LEA COUNTY EARLY LEARNING AND RECOVERY COALITION BROUGHT TOGETHER LOCAL STAKEHOLDERS WHO CONVENE TO DEVELOP A COMMUNITY SOLUTIONS ACTION PLAN FOR LEA COUNTY, NEW MEXICO TO MAKE MEANINGFUL STRIDES TO REDUCE LEARNING LOSS RESULTING FROM THE COVID-19 PANDEMIC, IMPROVE LITERACY RATES, AND PROVIDE AN ASSET-BASED SAFE ENVIRONMENT FOR LEA COUNTY STUDENTS.
COMMUNITY DEVELOPMENT PARTNERING WITH COMMUNITY DEVELOPMENT CONSULTANTS, ASSESSMENTS WERE CONDUCTED IN A COUPLE OF MAJOR AREAS THROUGHOUT LEA COUNTY - SOCIAL SERVICE NEEDS AND LANDSCAPE DESIGN. TO DEVELOP ANTICIPATED OR EMERGING OPPORTUNITIES TO ENHANCE COMMUNITY RESOURCES AND DEVELOP ACTION PLANS THE SOCIAL SERVICE NEEDS ASSESSMENT WAS CONDUCTED IN EACH LEA COUNTY COMMUNITY. COMMUNITIES ACROSS THE COUNTRY UNDERSTAND THAT ALONG WITH MEETING SOCIAL SERVICE NEEDS QUALITY PUBLIC LANDSCAPES REFLECT A COMMUNITY'S SENSE OF VALUE AND CIVIC PRIDE. THE LANDSCAPE DESIGN ASSESSMENT HIGHLIGHTED BEATIFICATION AREAS AND WAYS TO IMPROVE CURRENT LANDSCAPING IN HOBBS RESULTING IN THE DEVELOPMENT OF A CONCEPTUAL DESIGN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed CFO & Vice President - Finance / Treasurer | 40 | $183,396 | |
Name Not Listed Coo/secretary | 40 | $126,445 | |
Name Not Listed Vice President - Grant | 40 | $116,686 | |
Name Not Listed Ceo/secretary (thru 8/31/2022) | 40 | $238,570 | |
Name Not Listed Director | 20 | $64,808 | |
Name Not Listed Director | 5 | $55,625 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smarter Learning Group | 12/30/22 | $88,737 |
Vaughan Nelson Investment Management Lp | 12/30/22 | $122,753 |
Fund Evaluation Group Llc | 12/30/22 | $67,083 |
Csr Communications Llc | 12/30/22 | $62,501 |
Cooke & Bieler Lp | 12/30/22 | $58,201 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $78,031 |
| Dividends & Interest | $1,506,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,161,759 |
| Capital Gain Net Income | $7,627,400 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,329,941 |
| Total Revenue | $16,076,297 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,148,138 |
| Other employee salaries and wages | $480,485 |
| Pension plans, employee benefits | $385,779 |
| Interest | $4 |
| Taxes | $713,667 |
| Depreciation | $56,885 |
| Occupancy | $144,596 |
| Travel, conferences, and meetings | $180,584 |
| Printing and publications | $9,696 |
| Other expenses | $3,509,559 |
| Total operating and administrative expenses | $7,508,107 |
| Contributions, gifts, grants paid | $9,890,185 |
| Total expenses and disbursements | $17,398,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,261,129 |
| 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 | $159,209,701 |
| Net Land, buildings, and equipment | $190,382 |
| Other assets | $12,673,184 |
| Total assets | $253,197,980 |
| Accounts payable and accrued expenses | $428 |
| 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 | $428 |
Grants Awarded
Over the last fiscal year, J F Maddox Foundation has awarded $10,642,692 in support to 229 organizations.
| Grant Recipient | Amount |
|---|---|
HAVERHILL FOUNDATION FOR EXCELLENCE IN EDUCATION INC PURPOSE: HAVERHILL PROMISE | $4,000 |
NATIONAL ORGANIZATION FOR RARE DISORDERS INC PURPOSE: GENERAL OPERATING SUPPORT - HONOR OF JULIA MOONEY | $12,000 |
ESSEX COUNTY COMMUNITY FOUNDATION PURPOSE: HAVERHILL PROMISE FUND FOR GRADE LEVEL READING | $100,000 |
MASSACHUSETTS INSTITUTE OF TECHNOLOGY PURPOSE: THE EDUCATIONAL JUSTICE INITIATIVE (TEJI) | $4,000 |
FOUNDATIONS INC PURPOSE: CAMPAIGN FOR GRADE LEVEL READING 2021 - 2022 | $75,000 |
ROBIN HOOD FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $12,000 |