Greater Artesia Foundation
- Assets
- $776.7k
- Revenue
- $208.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 05/1977
- Data as of
- 08/2021
- 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 08/2021, Greater Artesia Foundation generated $208.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $100.4k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (21.1%) per year over the past 6 years. 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
2021
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
SENIOR SALUTE - 142 SENIORS AND 87 GUESTS PARTICIPATED IN MULTIPLE ACTIVITIES UNTIL 5:00 A.M. ON FRIDAY MORNING AFTER AHS GRADUATION AT THE HARVEST FELLOWSHIP BUILDING. THIS WAS APPROXIMATELY 71% OF THE GRADUATING SENIORS. EVERY SENIOR LEFT THE EVENT WITH AT LEAST ONE PRIZE AND $100 WITH OVER $25,000 TOTAL (CASH/PRIZES) GIVEN TO THE STUDENTS. THE SPONSORS TRIED TO HAVE AS MANY OF THE TRADITIONAL ACTIVITIES THAT HAD BEEN HELD IN PREVIOUS YEARS SUCH AS VARIOUS CARD GAMES AND A DISC JOCKEY FOR THE EVENING'S ENTERTAINMENT. IN ADDITION, THEY WERE ABLE TO HAVE SOME INFLATABLES, WATER GAMES AND OTHER TEAM GAMES SUCH AS WHIFFLE BALL.
MY NEIGHBORHOOD - CONTINUES TO WORK ON AND IMPROVE THE COMMUNITY GARDEN LOCATED AT 911 DALLAS STREET IN ARTESIA, NM. THIS AND OTHER LIKE PROJECTS WILL HELP TO INFLUENCE THE CHALLENGED NEIGHBORHOODS WITHIN THE COMMUNITY. THE GARDEN CONTAINS MULTIPLE INDIVIDUAL PLANTER BOXES FOR USE BY INDIVIDUALS, FAMILIES, GROUPS, CLUBS, SCHOOLS AND OTHER ORGANIZATIONS. THIS PROVIDES AN OPPORTUNITY TO DO SOMETHING OF VALUE FOR ALL INVOLVED AND TO DO SOMETHING FOR THE COMMUNITY. THE COMMUNITY AREAS OF THE GARDEN ALLOW THOSE INTERESTED IN THE OPPORTUNITY TO HELP BEAUTIFY THE AREA PURELY AS AN EFFORT TO ENHANCE ARTESIA. THE GREENHOUSE HAS BEEN CONSTRUCTED AND EFFORTS ARE NOW FOCUSED ON GROWING AREAS WITHIN THE BUILDING. THIS WILL ALLOW FOR YEAR ROUND USE OF THE FACILITY FOR THOSE INTERESTED. AN EVENT WAS SUCCESSFULLY HELD IN THE SUMMERTIME TO HELP DEVELOP INTEREST IN THE GARDEN AND A SIMILAR EVENT IS SCHEDULED FOR THE SPRING OF 2022. THE GARDEN CONTINUES TO BE FUNDED BY BOTH PUBLIC AND PRIVATE FUNDING AS WELL AS IN-KIND MATERIALS AND SERVICES BY AREA INDIVIDUALS AND BUSINESSES.
TREES FOR TEXAS AVE - FUNDS WERE GIVEN TO ARTESIA MAINSTREET, INC. TO BE USED FOR TREE TRIMMING AND PLANTING CACTUS IN THE DOWNTOWN AREA OF ARTESIA, NEW MEXICO.
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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 |
Anna Kelley Secretary / Treasurer / Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $120 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $181,542 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,662 |
| Total Program Service Revenue | $94 |
| Investment income | $4,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,849 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $208,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,500 |
| Grants and other assistance to domestic individuals. | $19,900 |
| 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 | $7,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,323 |
| Advertising and promotion | $0 |
| Office expenses | $412 |
| Information technology | $480 |
| 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 | $6,146 |
| All other expenses | $0 |
| Total functional expenses | $100,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,786 |
| Savings and temporary cash investments | $161,599 |
| 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 | $462,269 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,654 |
| 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 | $668,651 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $108,003 |
| Total liabilities and net assets/fund balances | $776,654 |
Grants Awarded
Over the last fiscal year, Greater Artesia Foundation has awarded $696,694 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Artesia, NM PURPOSE: Land for building facilities | $216,998 |
Artesia, NM PURPOSE: Land for building facilities | $216,998 |
Artesia, NM PURPOSE: 1st Street Project | $100,000 |
Artesia, NM PURPOSE: 1st Street Project | $100,000 |
Roswell, NM PURPOSE: Libraries as Launchpads | $31,349 |
Roswell, NM PURPOSE: Libraries as Launchpads | $31,349 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Greater Artesia Foundation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Chase Foundation Artesia, NM PURPOSE: SENIOR SALUTE/RIDE FOR BIKES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Houston Endowment Inc Houston, TX | $2,683,938,862 | $265,655,014 |
J E And L E Mabee Foundation Inc Midland, TX | $754,241,961 | $130,151,698 |
Rainwater Charitable Foundation Fort Worth, TX | $856,887,520 | $46,265,349 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Kinder Foundation Houston, TX | $141,449,180 | $60,608,944 |
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |