1248 Foundation
ARTESIA, NM EIN: 81-4716982
Financial Overview
From 2024 IRS Form 990-PF
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
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| 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 .
Who else does 1248 Foundation fund?
Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.
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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 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Texas $174K (55%)
New Mexico $65K (21%)
Tennessee $23K (7%)
Missouri $17K (5%)
Kentucky $15K (5%)
New York $15K (5%)
Nevada $5K (2%)
Cities
AlbuquerqueArtesiaBryanCollege StationFort WorthHendersonKansas CityLos Ranchos De AlbuqueLouisvilleMemphisSan AntonioSouthlakeSpringfieldStaten Island
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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