FAB-Steel Products Foundation Inc
FAB-Steel Products Foundation Inc is a private foundation, based in Clovis, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $313K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $17K.
FAB-Steel Products Foundation Inc at a glance
In short: FAB-Steel Products Foundation Inc gave $20K across 3 grants in 2024 (avg $7K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $19,500
- +39.3% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $6,500
- -7.1% vs 2023
- Median grant
- $6,500
- Total assets
- $313,201
- +21.2% vs 2023
- Primary geography
- New Mexico (100% 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 FAB-Steel Products Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Hebron Homes ($7K). Together the top 3 received $20K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 17 grants of 17 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How FAB-Steel Products Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+8%). Method
- In 2024 it paid out 117% 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 $14K (2023) to $20K (2022). In 2024 it made 3 grants totaling $20K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hebron Homes Clovis, NM | General Budget | $6,500 |
| Meals on Wheels Clovis, NM | General Budget | $6,500 |
| Salvation Army Clovis, NM | General Budget | $6,500 |
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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 | $313,201 | $75,568 | $20,693 | $19,500 | 3 | $20,693 | $17,152 | $17,724 |
| 2023 | $258,326 | $14,004 | $15,128 | $14,000 | 2 | $15,128 | $13,950 | $14,815 |
| 2022 | $259,450 | $16,022 | $21,303 | $20,000 | 2 | $20,000 | $14,482 | $16,968 |
| 2021 | $264,731 | $42,153 | $18,140 | $18,000 | 5 | $18,000 | $12,008 | $15,289 |
| 2020 | $240,718 | $55,827 | $16,183 | $15,000 | 5 | — | $9,344 | $14,526 |
Under IRS private-foundation payout rules, FAB-Steel Products Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
FAB-Steel Products Foundation Inc is led by M. Virginia Glenn, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
M. Virginia Glenn
President & Director
On filings since 2020
No compensation reported
Matthew L. Glenn
Treasurer & Director
On filings since 2020
No compensation reported
Wadene Brown
Secretary & Director
On filings since 2020
No compensation reported
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 FAB-Steel Products Foundation Inc
How much does FAB-Steel Products Foundation Inc give each year?
FAB-Steel Products Foundation Inc gave $20K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 2 grants.
What is FAB-Steel Products Foundation Inc's typical grant size?
FAB-Steel Products Foundation Inc's median grant in 2024 was $6,500, and its average grant was $6,500, across 3 grants on its 2024 IRS Form 990-PF.
Where does FAB-Steel Products Foundation Inc give grants?
FAB-Steel Products Foundation Inc gives mostly in New Mexico: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Clovis, NM (3 grants).
Does FAB-Steel Products Foundation Inc give general operating support?
Yes: 100% of FAB-Steel Products Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is FAB-Steel Products Foundation Inc?
FAB-Steel Products Foundation Inc reported $313K in total assets on its 2024 IRS Form 990-PF. It paid out $21K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).
What is FAB-Steel Products Foundation Inc's EIN?
FAB-Steel Products Foundation Inc's EIN (Employer Identification Number) is 85-0339249. 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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