1248 Foundation
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.
1248 Foundation at a glance
In short: 1248 Foundation gave $98K across 8 grants in 2024 (avg $12K), mostly in Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $98,000
- +12.0% vs 2023
- Grants made (2024)
- 8
- +60.0% vs 2023
- Average grant
- $12,250
- -30.0% vs 2023
- Median grant
- $10,000
- Total assets
- $1,343,196
- +0.2% vs 2023
- Primary geography
- Texas (74% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who 1248 Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
The largest 2024 recipient was Haven of Hope ($25K). Together the top 8 received $98K.
Grant Size Distribution
24 grants across all recorded years
The most common grant size was under $50K: 23 grants of 24 (96%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
How 1248 Foundation gives
- Giving grew 81% from 2021 to 2024. Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $12K (2020) to $98K (2024). In 2024 it made 8 grants totaling $98K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Haven of Hope San Antonio, TX | General Support | $25,000 |
| Texas A&M Foundation College Station, TX | Courtney Cares Endowed Excelle | $25,000 |
| 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 |
| God Behind Bars Henderson, NV | General Support | $5,000 |
| RB Eye Foundation Southlake, TX | General Support | $3,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,343,196 | $124,680 | $121,783 | $98,000 | 8 | $110,120 | $113,017 | $102,712 |
| 2023 | $1,340,299 | $90,564 | $109,959 | $87,500 | 5 | $98,875 | $80,291 | $97,702 |
| 2022 | $1,359,694 | $233,918 | $88,749 | $62,154 | 3 | $72,304 | $201,129 | $96,134 |
| 2021 | $1,214,525 | $356,621 | $77,453 | $54,000 | 6 | $68,480 | $347,648 | $76,980 |
| 2020 | $935,357 | $25,491 | $36,022 | $12,000 | 2 | — | $26,503 | $64,173 |
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.
Leadership & Key People
Officers and directors from IRS filings
1248 Foundation is led by John Trey A. Yates III, Director & President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
John Trey A. Yates III
Director & President
On filings since 2020
1 hr/week
No compensation reported
Alexis Yates
Director
On filings since 2020
1 hr/week
No compensation reported
John A. Yates Jr.
Director, Vice President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Nancy E. Yates
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Melody Stubblefield (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about 1248 Foundation
How much does 1248 Foundation give each year?
1248 Foundation gave $98K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $88K across 5 grants.
What is 1248 Foundation's typical grant size?
1248 Foundation's median grant in 2024 was $10,000, and its average grant was $12,250, across 8 grants on its 2024 IRS Form 990-PF.
Where does 1248 Foundation give grants?
1248 Foundation gives mostly in Texas: 74% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New Mexico (10%) and Missouri (10%). The most frequent recipient cities were College Station, TX (2 grants).
Does 1248 Foundation give general operating support?
Yes: 75% of 1248 Foundation's 2024 grants with a stated purpose (6 of 8) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are 1248 Foundation's largest grantees?
1248 Foundation's largest 2024 grantees include Haven of Hope ($25,000), Texas A&M Foundation ($25,000) and Written in Red ($10,000), according to its 2024 IRS Form 990-PF. Together they received 61% of its itemized 2024 grant dollars.
How large is 1248 Foundation?
1248 Foundation reported $1.3M in total assets on its 2024 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $103K (roughly 5% of its investment assets).
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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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