Penasco Valley Telephone Education Foundation
Penasco Valley Telephone Education Foundation is a private foundation, based in ARTESIA, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $203K in total assets. In 2024, it awarded 36 grants totaling $40K. Net investment income was $8K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$203K
-46.6% YoY
Annual Giving
$40K
+11.1% YoY
Grant Count
36
+2.9% YoY
Avg Grant Size
$1K
+8.0% YoY
Under IRS private-foundation payout rules, Penasco Valley Telephone Education Foundation reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About Penasco Valley Telephone Education Foundation
Based on IRS filings
Penasco Valley Telephone Education Foundation is a private foundation, based in ARTESIA, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $203K in total assets. In 2024, it awarded 36 grants totaling $40K. Net investment income was $8K.
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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 | $203,139 | $380,534 | $407,744 |
| Revenue | $9,376 | $7,717 | $2,514 |
| Expenses | $40,671 | $36,027 | $31,600 |
| Qualifying Distributions | $40,000 | $36,000 | $31,586 |
| Net Investment Income | $8,062 | $7,047 | $1,907 |
| Distributable Amount | $17,395 | $19,083 | $20,391 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
189 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Diego Gallegos ($1,600), Guiselle Guillen ($1,600), Jesi Watson ($1,600).
| Recipient | Purpose | Amount |
|---|---|---|
| Diego Gallegos San Patricio, NM | Scholarship | $1,600 |
| Dorian Cortese Artesia, NM | Scholarship | $1,000 |
| Emma Montgomery Pinon, NM | Scholarship | $500 |
| Fabian Prudencio Glencoe, NM | Scholarship | $1,000 |
| Fallon Velasquez Hondo, NM | Scholarship | $500 |
| Guiselle Guillen Hondo, NM | Scholarship | $1,600 |
| Jacob Cook Cloudcroft, NM | Scholarship | $1,000 |
| Jesi Watson Mayhill, NM | Scholarship | $1,600 |
| Josue Varelas Hope, NM | Scholarship | $1,600 |
| Justin Weddige Hope, NM | Scholarship | $1,600 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Dwight Menefee | President | 1 | — |
| Mark Kincaid | Vice-President | 1 | — |
| Carol Guiterrez | Secretary | 1 | — |
| Stetson Elkins | Treasurer | 1 | — |
| Mike Casabonne | Director | 1 | — |
| Roxann Sallee | Director | 1 | — |
| Ronald Houghtaling | Director | 1 | — |
| Frank Sisneros | Director | 1 | — |
| Mark Marley | Director | 1 | — |
Frequently Asked Questions
How large is Penasco Valley Telephone Education Foundation?
As of 2024, Penasco Valley Telephone Education Foundation holds $203K in total assets with $9K in annual revenue. It awarded 36 grants totaling $40K in 2024.
Where does Penasco Valley Telephone Education Foundation operate?
Penasco Valley Telephone Education Foundation has awarded grants in Colorado, New Mexico, Texas.
What size grants does Penasco Valley Telephone Education Foundation award?
In 2024, Penasco Valley Telephone Education Foundation awarded 36 grants totaling $40K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Penasco Valley Telephone Education Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Penasco Valley Telephone Education Foundation reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Penasco Valley Telephone Education Foundation's EIN?
Penasco Valley Telephone Education Foundation's EIN (Employer Identification Number) is 85-0422272. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Penasco Valley Telephone Education Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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