HB Foundation Inc
HB Foundation Inc is a private foundation, based in Las Cruces, NM. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $435K in total assets. In 2025, it awarded 4 grants totaling $10K.
HB Foundation Inc at a glance
In short: HB Foundation Inc gave $10K across 4 grants in 2025 (avg $3K), mostly in New Mexico. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $10,000
- -52.4% vs 2024
- Grants made (2025)
- 4
- -33.3% vs 2024
- Average grant
- $2,500
- -28.6% vs 2024
- Median grant
- $2,000
- Total assets
- $435,339
- -12.9% vs 2024
- Primary geography
- New Mexico (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who HB Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was El Ranchito De Los Ninos ($5K). Together the top 4 received $10K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 18 grants of 18 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How HB Foundation Inc gives
- Giving fell 56% from 2022 to 2025. Method
- In 2025 it paid out well above 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 2022 to 2025, annual grant giving ranged from $10K (2025) to $23K (2022). In 2025 it made 4 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| El Ranchito De Los Ninos Los Lunas, NM | Foster Care | $5,000 |
| Rebuilding Together Bernalillo, NM | Preserve Affordable Homeownership | $2,000 |
| New Horizons Symphony Las Cruces, NM | Provide Musical Education | $2,000 |
| Las Cruces Symphony Las Cruces, NM | Enrich Cultural Landscape | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $435,339 | $194,633 | $260,091 | $10,000 | 4 | $259,000 | $21,272 |
| 2024 | $499,797 | $177,859 | $22,631 | $21,000 | 6 | $21,550 | $20,048 |
| 2023 | $342,569 | $242,026 | $14,629 | $13,008 | 4 | $13,008 | $11,241 |
| 2022 | $115,172 | $137,672 | $22,500 | $22,500 | 4 | $22,500 | $6,092 |
Under IRS private-foundation payout rules, HB Foundation Inc reported a distributable amount of $21K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
HB Foundation Inc is led by Joshua Hakes, President on every filing since 2022; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Joshua Hakes
President
On filings since 2022
No compensation reported
Christopher Hakes
Director
On filings since 2022
No compensation reported
Kimball Hakes
CFO
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2022–2025. "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 HB Foundation Inc
How much does HB Foundation Inc give each year?
HB Foundation Inc gave $10K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $21K across 6 grants.
What is HB Foundation Inc's typical grant size?
HB Foundation Inc's median grant in 2025 was $2,000, and its average grant was $2,500, across 4 grants on its 2025 IRS Form 990-PF.
Where does HB Foundation Inc give grants?
HB Foundation Inc gives mostly in New Mexico: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Las Cruces, NM (2 grants).
Does HB Foundation Inc give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on HB Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is HB Foundation Inc?
HB Foundation Inc reported $435K in total assets on its 2025 IRS Form 990-PF. It paid out $259K in qualifying distributions that year, against a required minimum of $21K (roughly 5% of its investment assets).
What is HB Foundation Inc's EIN?
HB Foundation Inc's EIN (Employer Identification Number) is 86-1901735. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 23, 2026)
- IRS filings on file for fiscal years 2022–2024
Live grants for the work HB Foundation Inc funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in HB Foundation Inc's focus areas in our free grants database
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HB Foundation Inc down — hundreds of funders to go?