Project 40 31 Inc
Project 40 31 Inc is a public charity based in Hobbs, New Mexico, formed in 2010. It raises funds through an annual golf tournament and charity auction and distributes net proceeds to IRS-approved nonprofit organizations serving needs that include critical illness, underserved children, substance use, and homelessness.
Project 40 31 Inc at a glance
In short: Project 40 31 Inc gave $740K across 12 grants in 2024 (avg $62K), mostly in New Mexico. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $740,000
- Grants made (2024)
- 12
- Average grant
- $61,667
- Median grant
- $27,500
- Total assets
- $40,707
- -35.8% vs 2023
- Primary geography
- New Mexico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to Project 40 31 Inc
- Contact
Mailing address: PO Box 5630, Hobbs, NM 88241
Phone: (575) 631-8270
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Project 40 31 Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Make-a-Wish Foundation of New Mexico ($400K). Together the top 10 received $700K.
Organizations only. It also paid 1 grant to individuals ($30,000), which are not listed by name.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 13 grants of 22 (59%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in New Mexico. The listed recipients are in Albuquerque, Hobbs, and Lovington.
Grant Distribution by State
Share of 2024 grant dollars across all 12 itemized grants.
States
Cities
How Project 40 31 Inc gives
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $130K (2021) to $760K (2023, 18 months). In 2024 it made 12 grants totaling $740K.
*2023: Covers 18 months (fiscal year-end changed).
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Make-a-Wish Foundation of New Mexico Albuquerque, NM | To grant life-changing wishes for children with critical illnesses. | $400,000 |
| Boys & Girls Club of Hobbs Hobbs, NM | To enable all young people, especially those in need, to reach their full potential as productive, caring, responsible citizens. | $75,000 |
| Palmer Drug Abuse Program of Lea County Inc Hobbs, NM | To fund prevention and recovery programs that help young people and families avoid or recover from the devastating effects of drug and alcohol abuse. | $60,000 |
| Habitat for Humanity of Hobbs NM Area Hobbs, NM | To promote the mission of bringing people together to build homes, communities, and hope to the community and surrounding communities of hobbs, nm. | $50,000 |
| Crosswinds Community Church Hobbs, NM | To engage in and promote religious practices in the hobbs community through church services and various ministries. | $40,000 |
| 1 grant to individuals Recipients not named | — | $30,000 |
| Light of Lea County Hobbs, NM | To make a difference in the lives of Lea county residents and those in surrounding counties through financial generosity and volunteer commitment. | $25,000 |
| Hearts Desire Inc Lovington, NM | To help individuals to become mentally, emotionally, physically, and spiritually whole and to meet the needs of this community one life at a time. | $15,000 |
| Unity Recovery Solutions Hobbs, NM | To provide non-clinical, peer-based recovery support services that support individuals and family members on their paths to recovery. | $15,000 |
| Lovington Food Coalition Lovington, NM | To meet the needs of those who have inadequate food resources. | $10,000 |
Ready to take the next step with Project 40 31 Inc?
Financial History
Multi-year comparison from IRS filings
The filing says the board formally changed the fiscal year end from June 30 to December 31 in January 2024, making the 2023 reporting year a short year.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $40,707 | $745,319 | $768,010 | $740,000 | 12 |
| 2023* | $63,397 | $1,416,000 | $1,360,098 | $760,000 | 9 |
| 2022 | $65,531 | $410,135 | $383,638 | $342,900 | Total only |
| 2021 | $39,034 | $184,311 | $172,117 | $130,000 | 1 |
*2023: Covers 18 months (fiscal year-end changed).
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization states that it raises funds through an annual golf tournament and charity auction and distributes all net proceeds to IRS-approved nonprofits. Its 2024 program description says the annual golf tournament raised funds for a range of nonprofits, including organizations serving children, people affected by drug and alcohol abuse, people experiencing homelessness, and people with food needs.
Examples of supported organizations describe their work in their own terms: Make-A-Wish Foundation of New Mexico says it creates life-changing wishes for children with critical illnesses; Boys & Girls Club of Hobbs says it provides youth activities and education; and Hearts Desire says it provides biblical solutions to life-controlling issues. Option Inc says it provides a safe haven and support for victims of domestic violence, while Isaiah’s Soup Kitchen says it serves meals and provides food boxes to people in need.
Grantmaking
In filing year 2024, Project 40 31 Inc reported 12 grants totaling $740,000. Grant amounts ranged from $10,000 to $400,000, with a median of $27,500.
The largest reported grants were $400,000 to Make-A-Wish Foundation of New Mexico, $75,000 to Boys & Girls Club of Hobbs, $60,000 to Palmer Drug Abuse Program of Lea County, $50,000 to Habitat for Humanity of Hobbs NM Area, and $40,000 to Crosswinds Community Church. Other 2024 recipients included Lovington Municipal School District ($30,000), Light of Lea County ($25,000), Hearts Desire ($15,000), Unity Recovery Solutions ($15,000), Lovington Food Coalition ($10,000), Isaiah’s Soup Kitchen ($10,000), and Option Inc ($10,000).
The filing says the organization’s members review recipient organizations’ financials annually when they are not directly involved with those organizations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists the following officers and board members:
- Justin Roberts — President
- Hayden Holub — Vice President
- Melissa Soto — Secretary
- Tabatha Coffey — Treasurer
- Bridgette Curtis — Board Member
- Scott Curtis — Board Member
- Clay Goodwin — Board Member
Project 40 31 Inc is led by Justin Roberts, President since 2022 (on filings since 2021); none of the 7 officers listed in 2024 report compensation.
Officers on the 2024 filing
Justin Roberts
President
Board Member → President, 2022
On filings since 2021
1 hr/week
No compensation reported
Bridgette Curtis
Board Member
On filings since 2021
1 hr/week
No compensation reported
Scott Curtis
Board Member
Vice President → Board Member, 2022
On filings since 2021
1 hr/week
No compensation reported
Clay Goodwin
Board Member
On filings since 2022
1 hr/week
No compensation reported
Hayden Holub
Vice President
On filings since 2022
1 hr/week
No compensation reported
Melissa Soto
Secretary
Treasurer → Secretary, 2023
On filings since 2022
1 hr/week
No compensation reported
Tabatha Coffey
Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (3)
- Former: Bill Richards (2021–2022) — Board Member
- Former: Lee Roberson (2021–2022) — Secretary
- Former: Pat Richards (2021) — Secretary
Data from IRS Form 990 filings, 2021–2024. "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 Project 40 31 Inc
How much does Project 40 31 Inc give each year?
Project 40 31 Inc gave $740K across 12 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $760K across 9 grants. The 2023 filing year covers 18 months because its fiscal year-end changed.
What is Project 40 31 Inc's typical grant size?
Project 40 31 Inc's median grant in 2024 was $27,500, and its average grant was $61,667, across 12 grants on its 2024 IRS Form 990.
Where does Project 40 31 Inc give grants?
Project 40 31 Inc gives mostly in New Mexico: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Hobbs, NM (8 grants) and Lovington, NM (2 grants).
Does Project 40 31 Inc give general operating support?
Not in 2024: none of the 12 grants with a stated purpose on Project 40 31 Inc's 2024 IRS Form 990 were described as general or operating support.
Who are Project 40 31 Inc's largest grantees?
Project 40 31 Inc's largest 2024 grantees include Make-a-Wish Foundation of New Mexico ($400,000), Boys & Girls Club of Hobbs ($75,000) and Palmer Drug Abuse Program of Lea County Inc ($60,000), according to its 2024 IRS Form 990. It also paid 1 grant to individuals ($30,000), which are not listed by name. Together they received 72% of its itemized 2024 grant dollars.
How large is Project 40 31 Inc?
Project 40 31 Inc reported $41K in total assets on its 2024 IRS Form 990. Its revenue that year was $745K.
What does Project 40 31 Inc fund?
The organization states that it raises funds through an annual golf tournament and charity auction and distributes all net proceeds to IRS-approved nonprofits. See mission & focus areas ↑
How do I apply for a grant from Project 40 31 Inc?
Project 40 31 Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is Project 40 31 Inc's EIN?
Project 40 31 Inc's EIN (Employer Identification Number) is 27-4203557. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS October 28, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in Project 40 31 Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Project 40 31 Inc funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/project-40-31-inc-morg_b86f09525aca4180a8e0306d1c9d51dc
BibTeX
@misc{grantable_274203557_2026,
author = {{Grantable}},
title = {{Project 40 31 Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/project-40-31-inc-morg_b86f09525aca4180a8e0306d1c9d51dc},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Project 40 31 Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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