Project 40 31 Inc

HOBBS, NM EIN: 27-4203557

PROJECT 40:31, INC. RAISES FUNDS FROM AN ANNUAL GOLF TOURNAMENT AND CHARITY AUCTION. ALL NET PROCEEDS ARE DISTRIBUTED TO IRS APPROVED NON-PROFIT ENTITIES, SUCH AS MAKE A WISH, BOYS AND GIRLS CLUB, PALMER DRUG ABUSE, AND HABITAT FOR HUMANITY. THESE ENTITIES SERVE THE TERMINALLY ILL, UNDERSERVED CHILDREN, DRUG DEPENDENT, AND HOMELESS. BOARD MEMBERS, VOLUNTEERS, AND OTHERS RECEIVE NO COMPENSATION-REIMBURSEMENT.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$41K

-55.4% YoY

Annual Giving

$740K

Grant Count

12

Avg Grant Size

$62K

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$211K$422K$634K$845K2021202220232024
Metric202420232022
Total Assets$40,707$91,218$65,531
Revenue$745,319$614,775$410,135
Expenses$768,010$589,088$383,638
Qualifying Distributions
Net Investment Income
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$185K$370K$555K$740K1 grants20210 grants20220 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

MAKE-A-WISH FOUNDATION O…$400KBOYS & GIRLS CLUB OF HOBBS$75KPALMER DRUG ABUSE PROGRA…$60KHABITAT FOR HUMANITY OF …$50KCROSSWINDS COMMUNITY CHU…$40KLOVINGTON MUNICIPAL SCHO…$30KLIGHT OF LEA COUNTY$25KHEARTS DESIRE INC$15KUNITY RECOVERY SOLUTIONS$15KLOVINGTON FOOD COALITION$10K

Grant Size Distribution

13 grants across all recorded years

8<$50K3$50–100K1$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Project 40 31 Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
BRIDGETTE CURTISBOARD MEMBER1
SCOTT CURTISBOARD MEMBER1
CLAY GOODWINBOARD MEMBER1
JUSTIN ROBERTSPRESIDENT1
MELISSA SOTOSECRETARY1
HAYDEN HOLUBVICE PRESIDENT1
TABATHA COFFEYTREASURER1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

AlbuquerqueHobbsLovington

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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