S P & Estelle Yates Family Foundation
- Assets
- $0.0
- Revenue
- $120.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Artesia, NM
- Founding
- 11/1995
- Data as of
- 12/2022
- EIN
- 85-0434556
Organization Overview
S P & Estelle Yates Family Foundation is located in Artesia, NM. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. S P & Estelle Yates Family 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, S P & Estelle Yates Family Foundation generated $120.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, S P & Estelle Yates Family Foundation has awarded 183 individual grants totaling $16,366,099. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPACITY BUILDING:IN ORDER TO HELP GRANTEES BECOME MORE STABLE, STRONGER AND MORE DIVERSELY FUNDED, THE S.P. & ESTELLE YATES FAMILY FOUNDATION IS WORKING WITH CONTRACT FIRMS TO PROVIDE TOOLS THAT WILL HELP GRANTEES THRIVE ONCE OUR SUPPORT IS NO LONGER AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Yates President | 1 | $0 | |
Jennifer Peterson President Elect | 1 | $0 | |
Peyton Yates Vice President | 1 | $0 | |
Pam Horner Treasurer | 1 | $0 | |
Suzanne Hammer Secretary | 1 | $45,700 | |
Kenneth Clayton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,131 |
| Dividends & Interest | $64,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $55,289 |
| Capital Gain Net Income | $55,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $120,621 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,073 |
| Total operating and administrative expenses | $124,152 |
| Contributions, gifts, grants paid | $5,147,671 |
| Total expenses and disbursements | $5,271,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, S P & Estelle Yates Family Foundation has awarded $5,147,671 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
THE COMMUNITY OF POOR CLARES OF NEW MEXICO INC PURPOSE: GENERAL OPERATING SUPPORT | $1,000 |
ST VINCENT DE PAUL PURPOSE: FOOD PANTRY | $1,500 |
ASSURANCE HOME INC PURPOSE: GENERAL OPERATING SUPPORT | $1,500 |
THE FOOD DEPOT PURPOSE: GENERAL OPERATING SUPPORT | $2,500 |
SEXUAL ASSAULT SERVICES OF NM PURPOSE: SALARY FOR SANE COORDINATOR | $2,500 |
CITY OF CHAMPIONS INC PURPOSE: GENERAL OPERATING SUPPORT | $3,500 |