Apple Valley Foundation
- Assets
- $959.0k
- Revenue
- $362.0k
- Investments
- $556.7k
- Employees
- 0
- Location
- Santa Fe, NM
- Founding
- 06/1955
- Data as of
- 12/2022
- EIN
- 95-6047057
Organization Overview
Apple Valley Foundation is located in Santa Fe, NM. The organization was established in 1955. 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. Apple Valley 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, Apple Valley Foundation generated $362.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $15.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Apple Valley Foundation has awarded 14 individual grants totaling $132,400. 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
THE FOUNDATION SUPPORTS ARTS ENDEAVORS THROUGHOUT THE UNITED STATES. THE SUPPORT INCLUDES GRANTS TO ART MUSEUMS AND CONCERT ASSOCIATIONS.
THE FOUNDATION SUPPORTS LOCAL SCHOOLS AND LIBRARIES.
THE FOUNDATION SUPPORTS A MEDICAL MISSION WHICH SEEKS TO IMPROVE CONDITIONS OF THE POOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Bass Director | 2 | $0 | |
Barbara Davisson Director | 2 | $0 | |
Newton A Bass Director | 2 | $0 | |
Angelyn Bass Director | 2 | $0 | |
Mark Ishimaru Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $660 |
| Dividends & Interest | $11,116 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $350,214 |
| Capital Gain Net Income | $350,214 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $361,990 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,833 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $485 |
| Total operating and administrative expenses | $3,668 |
| Contributions, gifts, grants paid | $12,000 |
| Total expenses and disbursements | $15,668 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,725 |
| Savings and temporary cash investments | $373,600 |
| 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 | $496 |
| Net Investments - land, buildings, equipment | $14,500 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $959,002 |
| 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, Apple Valley Foundation has awarded $12,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FAITH IN PRACTICE PURPOSE: CHARITY | $10,000 |
THE LORDS TABLE PURPOSE: CHARITY | $1,000 |
OUR LADY OF THE DESERT CHURCH PURPOSE: CHARITY | $1,000 |