Leaco Rural Telephone
Leaco Rural Telephone is a private foundation, based in HOBBS, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 6 grants totaling $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28K
+224.9% YoY
Annual Giving
$4K
+75.0% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$583.333
+16.7% YoY
Under IRS private-foundation payout rules, Leaco Rural Telephone reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About Leaco Rural Telephone
Based on IRS filings
Leaco Rural Telephone is a private foundation, based in HOBBS, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28K in total assets. In 2024, it awarded 6 grants totaling $4K.
Ready to take the next step with Leaco Rural Telephone?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,618 | $8,500 | $7,488 |
| Revenue | $25,643 | $3,837 | $803 |
| Expenses | $7,025 | $3,825 | $1,800 |
| Qualifying Distributions | $3,913 | $2,413 | $4,400 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,061 | $379 | $412 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ella Newey ($1,000), Enedina Hernandez ($500), Erlin Salcido ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| ELLA NEWEY HOBBS, NM | SCHOLARSHIP | $1,000 |
| ENEDINA HERNANDEZ LOVINGTON, NM | SCHOLARSHIP | $500 |
| ERLIN SALCIDO LOVINGTON, NM | SCHOLARSHIP | $500 |
| JORJA WIER LOVINGTON, NM | SCHOLARSHIP | $500 |
| NOAH HARRIS TATUM, NM | SCHOLARSHIP | $500 |
| SPENCER WHITMAN LOVINGTON, NM | SCHOLARSHIP | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT GARNETT | PRESIDENT | 1 | — |
| LEON HEMANN | VICE PRESIDENT | 1 | — |
| JOEL KLEIN | SECRETARY/TREASURER | 1 | — |
| REGINA WATSON | ASST SECRETARY/TREAS | 1 | — |
Frequently Asked Questions
How large is Leaco Rural Telephone?
As of 2024, Leaco Rural Telephone holds $28K in total assets with $26K in annual revenue. It awarded 6 grants totaling $4K in 2024.
Where does Leaco Rural Telephone operate?
Leaco Rural Telephone has awarded grants in New Mexico.
What size grants does Leaco Rural Telephone award?
In 2024, Leaco Rural Telephone awarded 6 grants totaling $4K — an average of about $583.333 per grant, based on its IRS Form 990 filings.
How much is Leaco Rural Telephone required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Leaco Rural Telephone reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Leaco Rural Telephone's EIN?
Leaco Rural Telephone's EIN (Employer Identification Number) is 85-6120669. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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