Greater Artesia Foundation
- Assets
- $613.5k
- Revenue
- $209.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 05/1977
- Data as of
- 08/2023
- EIN
- 85-0248309
Organization Overview
Greater Artesia Foundation is located in Artesia, NM. The organization was established in 1977. 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. Greater Artesia 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 08/2023, Greater Artesia Foundation generated $209.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.2%) each year. All expenses for the organization totaled $338.9k during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
GREATER ARTESIA FOUNDATION FUNCTIONS AS A FISCAL AGENT FOR EDUCATION, COMMUNITY IMPROVEMENT AND YOUTH DEVELOPMENT LOCALLY FOR CHARITABLE PROJECTS THAT DO NOT HAVE AN ESTABLISHED ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITY OF CHAMPIONS- PREVIOUSLY A PROJECT FISCALLY SPONSORED BY GREATER ARTESIA FOUNDATION, THIS GROUP BECAME A LEGAL ENTITY AND APPLIED FOR ITS IRS DETERMINATION AS A 501(C)(3) PUBLIC CHARITY. GREATER ARTESIA FOUNDATION DONATED $160,411, TO COMPLETE A RESTROOM PROJECT AT THE SOCCER/FOOTBALL COMPLEX AT JAYCEE PARK THAT IS OWNED BY THE CITY OF ARTESIA, NM.
PACKS OF LOVE - PACKS PROVIDES SACKS OF EASY TO PREPARE FOODS WEEKLY ON FRIDAYS TO ARTESIA, NEW MEXICO SCHOOL KIDS WHOSE ONLY MEALS ARE THOSE PROVIDED AT SCHOOL AND SO NEED ADDITIONAL ASSISTANCE DURING THE ARTESIA PUBLIC SCHOOL CALENDAR YEAR. THE STUDENTS ARE RECOMMENDED TO THE PROGRAM BY SCHOOL COUNSELORS. THERE WAS AN AVERAGE OF 185 STUDENTS PER WEEK. PACKS OF LOVE ALSO PROVIDES FOOD BAGS AND MEAT VOUCHERS TO THE FAMILIES OF PARTICIPANTS AT THANKSGIVING AND CHRISTMAS AS WELL AS CHRISTMAS GIFTS TO CHILDREN PARTICIPATING IN THE PROGRAM. PACKS OF LOVE HAS AN AVERAGE OF 10-20 VOLUNTEERS PER WEEK.
SENIOR SALUTE- 137(63%) OF THE GRADUATING ARTESIA HIGH SCHOOL SENIORS AND 94 OF THEIR GUESTS PARTICIPATED IN MULTIPLE ACTIVITIES UNTIL 5:00 A.M. OF THE MORNING FOLLOWING THEIR GRADUATION. THIS INDOOR LOCK-IN EVENT WAS DESIGNED TO KEEP GRADUATES SAFE ON THE NIGHT OF THEIR HIGH SCHOOL GRADUATION, A NIGHT THAT HAS BECOME KNOWN AS FRAUGHT WITH TRAGEDY. THIS PROGRAM BEGAN IN 1995 AND THE TRADITION HAS CONTINUED FOR THE CLASS OF 2023. THERE WERE 64 ADULT VOLUNTEERS WHO HELPED WITH PREPARATION PRIOR TO THE EVENT AND SERVED THROUGH THE NIGHT AS WELL. THERE WERE CASINO TYPE GAMES, DANCING, MINUTE-TO-WIN-IT AND SEVERAL SPORTS AVAILABLE, AND SENIORS WERE AWARDED "BULLDOG" CASH FROM THE GAMES THAT THEY WERE ABLE TO EXCHANGE FOR TICKETS TOWARD PRIZE RAFFLES THROUGHOUT THE NIGHT. THE PRIZES WERE DONATED BY LOCAL MERCHANTS. SENIORS STAYING UNTIL THE MORNING WERE AWARDED A CASH PRIZE OF APPROXIMATELY $200 EACH AS AN INCENTIVE TO STAY AT THE EVENT AND STAY SAFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peyton Yates President / Director | OfficerTrustee | 1 | $0 |
Rolando Chavarria Vice President / Director | OfficerTrustee | 0 | $0 |
Elisabeth Jackson Secretary / Treasurer / Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $186 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,296 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,067 |
| Total Program Service Revenue | $1,537 |
| Investment income | $8,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,606 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $209,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,536 |
| Grants and other assistance to domestic individuals. | $40,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $420 |
| Information technology | $240 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,608 |
| All other expenses | $0 |
| Total functional expenses | $338,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,349 |
| Savings and temporary cash investments | $82,412 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $361,738 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $613,499 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $743,279 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$129,780 |
| Total liabilities and net assets/fund balances | $613,499 |
Grants Awarded
Over the last fiscal year, Greater Artesia Foundation has awarded $206,536 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF CHAMPIONS INC PURPOSE: Funds were given to complete the construction of a restroom facility at the soccer/football complex at Jaycee Park that is owned by the City of Artesia, NM. | $160,411 |
ARTESIA PUBLIC LIBRARY PURPOSE: Libraries as Launchpads | $11,848 |
ARTESIA PUBLIC SCHOOLSFBO MARCOS MORILLON MEMORIAL SCHOLARSHIP PURPOSE: Transfer administration of memorial scholarship from Greater Artesia Foundation to Artesia Public Schools | $6,777 |
ARTESIA MAINSTREET INC PURPOSE: Artesia Arts & Cultural District Downtown Mural Program | $27,500 |