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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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