1248 Foundation is a private foundation focused on Human Services, based in ARTESIA, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 8 grants totaling $98K. Net investment income was $113K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+0.2% YoY
Annual Giving
$98K
+12.0% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$12K
-30.0% YoY
Under IRS private-foundation payout rules, 1248 Foundation reported a distributable amount of $103K for 2024 — the minimum it must pay out in qualifying distributions.
About 1248 Foundation
Based on IRS filings
1248 Foundation is a private foundation focused on Human Services, based in ARTESIA, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 8 grants totaling $98K. Net investment income was $113K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,343,196 | $1,340,299 | $1,359,694 |
| Revenue | $124,680 | $90,564 | $233,918 |
| Expenses | $121,783 | $109,959 | $88,749 |
| Qualifying Distributions | $110,120 | $98,875 | $72,304 |
| Net Investment Income | $113,017 | $80,291 | $201,129 |
| Distributable Amount | $102,712 | $97,702 | $96,134 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
24 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Haven of Hope ($25,000), Texas A&m Foundation ($25,000), Written in Red ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RB EYE FOUNDATION SOUTHLAKE, TX | GENERAL SUPPORT | $3,000 |
| GOD BEHIND BARS HENDERSON, NV | GENERAL SUPPORT | $5,000 |
| WRITTEN IN RED ARTESIA, NM | SOLES FOR STUDENTS SHOE DRIVE | $10,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES KANSAS CITY, MO | GENERAL SUPPORT | $10,000 |
| HOPE PREGNANCY CENTERS OF BRAZOS COLLEGE STATION, TX | GENERAL SUPPORT | $10,000 |
| SAVE OUR STREETS MINISTRIES BRYAN, TX | GENERAL SUPPORT | $10,000 |
| HAVEN OF HOPE SAN ANTONIO, TX | GENERAL SUPPORT | $25,000 |
| TEXAS A&M FOUNDATION COLLEGE STATION, TX | COURTNEY CARES ENDOWED EXCELLE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN TREY A YATES III | DIRECTOR, PRESIDENT | 1 | — |
| JOHN A YATES JR | DIRECTOR, VP, TREASURER | 1 | — |
| NANCY E YATES | DIRECTOR, SECRETARY | 1 | — |
| ALEXIS YATES | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 1248 Foundation?
1248 Foundation is a private foundation focused on Human Services, based in ARTESIA, NM. It holds $1.3M in total assets as of 2024.
How large is 1248 Foundation?
As of 2024, 1248 Foundation holds $1.3M in total assets with $125K in annual revenue. It awarded 8 grants totaling $98K in 2024.
Where does 1248 Foundation operate?
1248 Foundation has awarded grants in Kentucky, Missouri, New Mexico, Nevada, New York, Tennessee, Texas.
What size grants does 1248 Foundation award?
In 2024, 1248 Foundation awarded 8 grants totaling $98K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is 1248 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 1248 Foundation reported a distributable amount of $103K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 1248 Foundation's EIN?
1248 Foundation's EIN (Employer Identification Number) is 81-4716982. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in 1248 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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