Fab-steel Products Foundation Inc

CLOVIS, NM EIN: 85-0339249

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$313K

+21.2% YoY

Annual Giving

$20K

+39.3% YoY

Grant Count

+50.0% YoY

Avg Grant Size

$7K

-7.1% YoY

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.

About Fab-steel Products Foundation Inc

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Mexico $80K (92%)

South Dakota $4K (5%)

Texas $3K (3%)

States

New Mexico South Dakota Texas

Cities

ClovisLubbockRapid City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$313,201	$258,326	$259,450
Revenue	$75,568	$14,004	$16,022
Expenses	$20,693	$15,128	$21,303
Qualifying Distributions	$20,693	$15,128	$20,000
Net Investment Income	$17,152	$13,950	$14,482
Distributable Amount	$17,724	$14,815	$16,968

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

17 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Hebron Homes ($6,500), Meals on Wheels ($6,500), Salvation Army ($6,500).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
M VIRGINIA GLENN	PRES/DIR	—	—
MATTHEW L GLENN	TREAS/DIR	—	—
WADENE BROWN	SEC/DIR	—	—

Frequently Asked Questions

How large is Fab-steel Products Foundation Inc?

As of 2024, Fab-steel Products Foundation Inc holds $313K in total assets with $76K in annual revenue. It awarded 3 grants totaling $20K in 2024.

Where does Fab-steel Products Foundation Inc operate?

Fab-steel Products Foundation Inc has awarded grants in New Mexico, South Dakota, Texas.

What size grants does Fab-steel Products Foundation Inc award?

In 2024, Fab-steel Products Foundation Inc awarded 3 grants totaling $20K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is Fab-steel Products Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Fab-steel Products Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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.