Form990-PF


Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
Name of foundation
JF Maddox Foundation
 
Number and street (or P.O. box number if mail is not delivered to street address)PO Box 2588
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Hobbs, NM882412588
A Employer identification number

75-6023767
B Telephone number (see instructions)

(575) 393-6338
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$301,742,282J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check bullet.............
3 Interest on savings and temporary cash investments 4,102 4,102 0
4 Dividends and interest from securities... 1,525,130 1,525,130 0
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 22,709,196
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 21,410,856
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances 0
b Less: Cost of goods sold.... 0
c Gross profit or (loss) (attach schedule)..... 0 0
11 Other income (attach schedule)....... Click to see attachment 5,450,056 4,063,748 0
12 Total. Add lines 1 through 11........ 29,688,484 27,003,836 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 931,749 259,673 0 649,400
14 Other employee salaries and wages...... 1,322,468 242,963 0 1,058,288
15 Pension plans, employee benefits....... 401,878 92,071 0 301,767
16a Legal fees (attach schedule)......... Click to see attachment 18,081 1,391 0 16,568
b Accounting fees (attach schedule)....... Click to see attachment 15,736 3,367 0 1,051
c Other professional fees (attach schedule).... Click to see attachment 722,881 404,372 0 306,949
17 Interest............... 48 0 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment 618,281 29,769 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment 63,256 15,814 0
20 Occupancy.............. 140,045 30,632 0 106,738
21 Travel, conferences, and meetings....... 125,618 17,629 0 100,867
22 Printing and publications.......... 7,811 2,589 0 4,996
23 Other expenses (attach schedule)....... Click to see attachment 2,855,957 2,385,125 0 172,367
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,223,809 3,485,395 0 2,718,991
25 Contributions, gifts, grants paid....... 8,317,181 8,317,181
26 Total expenses and disbursements. Add lines 24 and 25 15,540,990 3,485,395 0 11,036,172
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 14,147,494
b Net investment income (if negative, enter -0-) 23,518,441
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 12,532,767 10,387,471 10,387,471
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet   0 0 0
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions)..... 0 0 0
7 Other notes and loans receivable (attach schedule) bullet0
Less: allowance for doubtful accounts bullet0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 56,522,762 Click to see attachment71,511,323 95,773,661
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis bullet0
Less: accumulated depreciation (attach schedule) bullet0 0   0
12 Investments—mortgage loans............. 0    
13 Investments—other (attach schedule).......... 158,676,875 Click to see attachment159,756,972 182,732,009
14 Land, buildings, and equipment: basis bullet694,006
Less: accumulated depreciation (attach schedule) bullet488,695 266,909 Click to see attachment205,311 205,311
15 Other assets (describe bullet) Click to see attachment12,373,184 Click to see attachment12,673,184 Click to see attachment12,643,830
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 240,372,497 254,534,261 301,742,282
Liabilities 17 Accounts payable and accrued expenses.......... 444 14,714
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons 0 0
21 Mortgages and other notes payable (attach schedule)...... 0 0
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 444 14,714
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 240,372,053 254,519,547
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 240,372,053 254,519,547
30 Total liabilities and net assets/fund balances (see instructions). 240,372,497 254,534,261
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
240,372,053
2
Enter amount from Part I, line 27a .....................
2
14,147,494
3
Other increases not included in line 2 (itemize) bullet
3
0
4
Add lines 1, 2, and 3 ..........................
4
254,519,547
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
254,519,547
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a GAIN/(LOSS) FROM PASS-THROUGH ENTITIES      
b GAIN/(LOSS) FROM PUBLICLY TRADED SECURITIES      
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 13,654,548 0 0 13,654,548
b 7,756,308 0 0 7,756,308
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a 0 0 0 13,654,548
b     0 7,756,308
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 21,410,856
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 0
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 326,906
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 326,906
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 325,409
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c 57,000
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 382,409
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 55,503
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet55,503 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
Yes
 
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
Yes
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA, CO, CT, FL, GA, AL, HI, IL, IN, IA, KS, LA, ME, MD, MA, MN, MO, NE, NJ, NM, NY, NC, OK, OR, AZ, RI, SC, TN, VA, AR, WV, WI
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletwww.jfmaddox.org
    14
    The books are in care ofbulletKyle Shepard Telephone no.bullet (575) 393-6338

    Located atbulletPO Box 2588HobbsNM ZIP+4bullet88240
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
     
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Kyle Shepard CFO & Vice President - Finance / Treasurer
    40.000     		157,600 34,236 0
    PO BOX 2588
    HOBBS,NM882412588
    RAY CARAWAY CEO/Secretary
    40.000     		300,000 75,108 0
    PO Box 2588
    Hobbs,NM882412588
    Ann M Utterback Director
    20.000     		69,395 0 0
    PO Box 2588
    Hobbs,NM882412588
    Benjamin W Maddox Director
    5.000     		44,448 0 0
    PO Box 2588
    Hobbs,NM882412588
    Catherine M Maddox Director
    4.000     		38,169 0 0
    PO Box 2588
    Hobbs,NM882412588
    Elaine B Agather Director
    6.000     		45,703 0 0
    PO Box 2588
    Hobbs,NM882412588
    James M Maddox General Counsel / Director
    40.000     		142,200 22,593 0
    PO Box 2588
    Hobbs,NM882412588
    John L Maddox Director
    6.000     		44,305 0 0
    PO Box 2588
    Hobbs,NM882412588
    Paul Campbell Director
    6.000     		45,395 0 0
    PO Box 2588
    Hobbs,NM882412588
    Thomas M Maddox Director
    7.000     		44,533 0 0
    PO Box 2588
    Hobbs,NM882412588
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    David Reed Sr. Program Officer
    40.000     		105,195 36,106 0
    PO BOX 2588
    HOBBS,NM882412588
    Mayra Lovas Sr. Program Officer
    40.000     		100,204 19,892 0
    PO BOX 2588
    HOBBS,NM882412588
    Sarah Anderson Grants Administrator
    40.000     		70,000 17,060 0
    PO BOX 2588
    HOBBS,NM882412588
    Carol Crossland Program Associate
    40.000     		60,539 19,794 0
    PO BOX 2588
    HOBBS,NM882412588
    Kerri Frizzell Financial Analyst
    30.000     		167,585 34,967 0
    PO Box 2588
    Hobbs,NM882412588
    Total number of other employees paid over $50,000...................bullet 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    Fund Evaluation Group LLC Investment consultant 116,956
    201 E Fifth St
    Ste 1600
    Cincinnati,OH45202
    Vaughan Nelson Investment Management LP Investment management 114,082
    600 Travis
    Ste 6300
    Houston,TX770023071
    Cooke & Bieler LP Investment management 102,239
    1700 Market Street
    Ste 3222
    Philadelphia,PA19103
    Smarter Learning Group Education consultant 86,400
    4011 Yoke Dr
    Hampstead,MD21074
    American Institute for Research Education consultant 79,870
    1400 Crystal Drive
    10th Floor
    Arlington,VA22202
    Total number of others receiving over $50,000 for professional services.............bullet2
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 Management & administration of Jack Maddox Distinguished Scholarship Program. Refer to website at www.jfmaddox.org 354,526
    2 Hobbs Early Literacy Project (HELP) seeks to improve literacy outcomes for low-income K-2nd grade students. The primary focus of the project is (see supplemental information) to strengthen the core instructional programs using evidence-based curricula and instructional strategies to drive improved student outcomes. 101,470
    3 The Lea County Early Learning and Recovery Coalition brought together local stakeholders who convene to develop a community solutions action plan for Lea County, New Mexico to make meaningful strides to reduce learning loss resulting from the COVID-19 pandemic, improve literacy rates, and provide an asset-based safe environment for Lea County Students. 65,580
    4 Maddox Leadership Institute (MLI) develops community leaders who effectively engage in community sustainability and development. Program (see supplemental information) participants are provided with the skills it takes to be empowered, inspire change, and to sustain the future of our Lea County communities. 24,549
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 Habitat for Humanity - Hobbs: Purchase building and land to establish a Habitat ReStore in Hobbs to generate additional revenue for Habitat for Humanity home construction projects. 300,000
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet300,000
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    86,540,750
    b
    Average of monthly cash balances.......................
    1b
    13,796,666
    c
    Fair market value of all other assets (see instructions)................
    1c
    185,118,649
    d
    Total (add lines 1a, b, and c).........................
    1d
    285,456,065
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
     
    3
    Subtract line 2 from line 1d.........................
    3
    285,456,065
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    4,281,841
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    281,174,224
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    14,058,711
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
    14,058,711
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    326,906
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
    416,081
    c
    Add lines 2a and 2b............................
    2c
    742,987
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    13,315,724
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    13,315,724
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    13,315,724
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 13,315,724
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 0
    b Total for prior years:2019, 2018, 2017 0
    3 Excess distributions carryover, if any, to 2021:
    a From 2016...... 0
    b From 2017...... 0
    c From 2018...... 2,238,239
    d From 2019...... 649,586
    e From 2020...... 0
    f Total of lines 3a through e ........ 2,887,825
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 11,356,407
    a Applied to 2020, but not more than line 2a 0
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		0
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		0
    d Applied to 2021 distributable amount..... 11,356,407
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021. 1,959,317 1,959,317
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 928,508
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		0
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		0
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		0
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		0
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		0
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		0
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		928,508
    10 Analysis of line 9:
    a Excess from 2017.... 0
    b Excess from 2018.... 278,922
    c Excess from 2019.... 649,586
    d Excess from 2020.... 0
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    Ray Caraway
    PO Box 2588
    Hobbs,NM882412588
    (575) 393-6338
    bThe form in which applications should be submitted and information and materials they should include:
    Grant Criteria: GRANTS ARE MADE TO PUBLIC CHARITIES AND/OR GOVERNMENTAL ENTITIES FOR PROJECTS THAT ARE CONSISTENT WITH THE FOUNDATION'S MISSION STATEMENT. PREFERENCE IS GIVEN TO SOUTHEASTERN NM CHARITABLE ORGANIZATIONS, BUT DOES NOT EXCLUSIVELY LIMIT GRANT RECIPIENTS. JACK MADDOX DISTINGUISHED SCHOLARSHIP PROGRAM: AN INDEPENDENT SCHOLARSHIP SELECTION COMMITTEE SCREENS APPLICATIONS, SELECTS UP TO 15 SEMI-FINALISTS TO INTERVIEW, THEN CHOOSE FIVE FINALISTS. FINALISTS ARE INTERVIEWED AND ONE IS SELECTED TO RECEIVE THE JACK MADDOX DISTINGUISHED SCHOLARSHIP AWARD WHICH PAYS FULL TUITION, REQUIRED FEES, TEXTBOOKS, AND ROOM & BOARD. THE REMAINING FOUR FINALISTS RECEIVE A $20,000 SCHOLARSHIP FOR FOUR YEARS OF UNDERGRADUATE STUDY. TO SUPPORT THE FIVE SCHOLARS IN ACCEPTANCE TO THEIR SCHOOL OF CHOICE THEY ARE ALSO PROVIDED A COLLEGE COUNSELOR, COST REIMBURSEMENT FOR ATTENDING A REGIONAL COLLEGE FAIR, AND UP TO $250 FOR COLLEGE APPLICATION FEES. ALL SEMI-FINALISTS RECEIVE A NOTEBOOK COMPUTER.
    cAny submission deadlines:
    Scholarship applications must be received by June 30th preceding applicants high school senior year.
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    GRANT CRITERIA: GRANTS ARE NOT ORDINARILY MADE TO INDIVIDUALS, FOR ONGOING SUPPORT OF AN AGENCY, FOR ENDOWMENT FUNDS, OR TO OTHER PRIVATE FOUNDATIONS. REFER TO THE WEBSITE WWW.JFMADDOX.ORG FOR GRANT APPLICATION GUIDELINES AND ADDITIONAL INFORMATION ON THE APPLICATION PROCESS. JACK MADDOX DISTINGUISHED SCHOLARSHIP PROGRAM: - CANDIDATES MUST HAVE BEEN RESIDENTS OF LEA COUNTY, NM FOR AT LEAST TWO CONSECUTIVE YEARS PRIOR TO MAKING APPLICATION FOR THE SCHOLARSHIPS AND MUST CONTINUE TO BE A LEA COUNTY RESIDENT THROUGH GRADUATION FROM HIGH SCHOOL CAMPUSES OR REGISTERED HOME SCHOOLS LOCATED IN HOBBS, LOVINGTON, EUNICE, TATUM, OR JAL, NM. - CANDIDATES MUST HAVE SUBMITTED A FORMAL APPLICATION IN THE REQUIRED FORMAT BY JUNE 30. - CANDIDATES MUST EITHER BE NATURAL BORN OR NATURALIZED U.S. CITIZENS. APPLICATIONS ARE ASSESSED WITHOUT REGARD TO RACE, RELIGION, PHYSICAL CONDITION, OR NATIONAL ORIGIN. APPLICATION FORMS AND ADDITIONAL INFORMATION IS AVAILABLE ONLINE AT WWW.JFMADDOX.ORG.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    American College of Trust and Estate Counsel Foundation Inc
    901 15th St NW Ste 525
    Washington,DC20005     		N/A PC General Operating Support 5,000
    American College of Trust and Estate Counsel Foundation Inc
    901 15th St NW Ste 525
    Washington,DC20005     		N/A PC Spring Derby 1,000
    Albuquerque Academy
    6400 Wyoming Blvd NE
    Albuquerque,NM871093899     		N/A PC General Operating Support 6,250
    Amarillo Habitat for Humanity
    PO Box 755
    Amarillo,TX79105     		N/A PC General Operating Support 3,000
    American Cancer Society Inc
    250 Williams St
    Atlanta,GA30303     		N/A PC General Operating Support 5,000
    American Gold Star Mothers Inc
    2128 Leroy Pl NW
    Washington,DC20008     		N/A PC General Operating Support - Honor of Becky and Todd Christmas 1,000
    American Rivers Inc
    1101 14th St NW Ste 1400
    Washington,DC20005     		N/A PC General Operating Support 2,000
    AmeriCares Foundation Inc
    88 Hamilton Ave
    Stamford,CT069023111     		N/A PC COVID-19 Relief Efforts 7,700
    Aspire
    PO Box 570159
    Dallas,TX75357     		N/A PC General Operating Support 5,000
    Barbershop Books
    57 W 57th St
    New York,NY10019     		N/A PC General Operating Support 3,000
    Boy Scouts of America Conquistador Council
    2603 N Aspen
    Roswell,NM88201     		N/A PC Friends of Scouting 5,000
    Boy Scouts of America Conquistador Council
    2603 N Aspen
    Roswell,NM88201     		N/A PC General Operating Support - Memory of Todd Bailey 25,000
    Boys Club of Hobbs Inc DBA Boys and Girls Club of Hobbs Inc
    301 E Broadway
    Hobbs,NM88240     		N/A PC Adult Behind the Child 14,000
    Boys Club of Hobbs Inc DBA Boys and Girls Club of Hobbs Inc
    301 E Broadway
    Hobbs,NM88240     		N/A PC Club Member Scholarships 11,875
    Boys Club of Hobbs Inc DBA Boys and Girls Club of Hobbs Inc
    301 E Broadway
    Hobbs,NM88240     		N/A PC Communications and Marketing 6,391
    Boys Club of Hobbs Inc DBA Boys and Girls Club of Hobbs Inc
    301 E Broadway
    Hobbs,NM88240     		N/A PC General Operating Support 20,000
    Boys Club of Hobbs Inc DBA Boys and Girls Club of Hobbs Inc
    301 E Broadway
    Hobbs,NM88240     		N/A PC Special Projects - Honor of Todd Bailey 4,500
    Bridges Project for Education
    PO Box 308
    Taos,NM875710308     		N/A PC General Operating Support 15,000
    Cancer Foundation for New Mexico
    PO Box 5038
    Santa Fe,NM87502     		N/A PC General Operating Support 1,000
    The Carlsbad Association for Retarded Citizens Farm Inc
    PO Drawer 1808
    Carlsbad,NM882211808     		N/A PC General Operating - Honor Gary Forrest 5,000
    Casa de Salud
    3200 Chouteau Ave
    Saint Louis,MO63103     		N/A PC General Operating Support 5,000
    CASA of Lea County
    501 N Linam St
    Hobbs,NM88240     		N/A PC General Operating Support 5,750
    Cathedral Shrine of the Virgin of Guadalupe
    2215 Ross Ave
    Dallas,TX75201     		N/A PC General Operating Support 2,000
    charity water
    200 Varick St Ste 201
    New York,NY10014     		N/A PC General Operating Support 5,000
    Child & Family Services Inc
    950 E Snyder
    Hobbs,NM88240     		N/A PC Imagination Library of Lea County 50,000
    Children's Defense Fund
    25 E St NW
    Washington,DC20001     		N/A PC General Operating Support 5,000
    Children's Literacy Initiative
    990 Spring Garden St 4th Floor Ste
    400
    Philadelphia,PA19123     		N/A PC General Operating Support 5,000
    Cissy Food Ministry
    PO Box 2394
    Hobbs,NM88240     		N/A PC General Operating Support 500
    Cissy Food Ministry
    PO Box 2394
    Hobbs,NM88240     		N/A PC Senior Christmas Boxes 2,500
    City Harvest Inc
    6 East 32nd St 5th Floor
    New York,NY10016     		N/A PC General Operating Support 5,000
    Coastal Georgia Honor Flight
    PO Box 20466
    St Simons Island,GA31522     		N/A PC General Operating Support - Memory of Harry McClellan Moffett III 2,000
    Colorado Outdoor Education Center
    PO Box 167
    Florissant,CO80816     		N/A PC Sanborn Western Camps Scholarship Program 10,000
    Community Players of Hobbs New Mexico Inc
    PO Box 2153
    Hobbs,NM88240     		N/A PC Parking Lot Improvements 25,000
    Community Players of Hobbs New Mexico Inc
    PO Box 2153
    Hobbs,NM88240     		N/A PC Summer Youth Performing Arts Workshop 12,700
    Connecting Point of Park Cities
    4516 Lovers Lane Ste 212
    Dallas,TX75225     		N/A PC General Operating Support 5,000
    Couse Foundation
    PO Box 1436
    Taos,NM87571     		N/A PC General Operating Support 7,000
    Covenant Health System Foundation
    3623 22nd Pl
    Lubbock,TX79410     		N/A PC Staff Appreciation 3,750
    Covenant Village Inc
    1351 Robinwood Rd
    Gastonia,NC28054     		N/A PC Communication & Telehealth Website 25,000
    Covenant Village Inc
    1351 Robinwood Rd
    Gastonia,NC28054     		N/A PC Employee Christmas Fund 1,000
    Crystal Charity Ball
    3838 Oak Lawn Ave Ste L 150
    Dallas,TX75219     		N/A PC General Operating Support 5,000
    Dallas Museum of Art
    1717 Nh Harwood
    Dallas,TX752012398     		N/A PC General Operating Support 25,000
    Delta Delta Delta Foundation
    PO Box 2187
    Columbus,GA319022187     		N/A PC General Operating Support 25,000
    Delta Gamma Foundation
    3250 Riverside Dr
    Columbus,OH43221     		N/A PC Service for Sight 5,000
    Downtown Taos MainStreet
    1236 Half Moon Rd
    El Prado,NM87529     		N/A PC General Operating Support 8,000
    Downtown Women's Center
    409 S Monroe St
    Amarillo,TX79101     		N/A PC General Operating Support 3,000
    Equal Justice Initiative
    122 Commerce St
    Montgomery,AL36104     		N/A PC General Operating Support 5,000
    Fcancer
    9854 National Blvd 280
    Los Angeles,CA90034     		N/A PC P.ink 2,500
    Ferguson Youth Initiative
    106 Church St
    Saint Louis,MO63135     		N/A PC General Operating Support 5,000
    First United Methodist Church
    200 E Snyder
    Hobbs,NM88240     		N/A PC Mission Support 10,000
    Foundations Inc
    701 E Gate Dr Ste 300
    Mount Laurel,NJ08054     		N/A PC Campaign for Grade Level Reading 2021 & 2022 75,000
    Friends of the Hobbs Public Library
    PO Box 5041
    Hobbs,NM88240     		N/A PC General Operating Support 500
    Friends of the Yampa Inc
    PO Box 771654
    Steamboat Springs,CO80477     		N/A PC General Operating Support 2,000
    Garza 4-H Shotgun Sports
    2953 FM 211
    Post,TX79356     		N/A PC General Operating Support 5,000
    Gideons International Inc
    1900 N Fowler
    Hobbs,NM88240     		N/A PC General Operating Support 2,500
    Girl Scouts of the Desert Southwest Southern New Mexico and West Texas Inc
    5217 N Dixie Blvd
    Odessa,TX79762     		N/A PC General Operating Support - COVID-19 Response 2,500
    Greensboro College
    815 West Market St
    Greensboro,NC274011875     		N/A PC General Operating Support 5,000
    Guidance Center of Lea County Inc
    PO Box 907
    Hobbs,NM88240     		N/A PC Housing Insecurity Relief 34,793
    Habitat for Humanity International Inc
    PO Box 5833
    Hobbs,NM88240     		N/A PC General Operating Support 18,000
    Habitat for Humanity International Inc
    PO Box 5833
    Hobbs,NM88240     		N/A PC Restore Property Purchase 450,000
    Haverhill Foundation for Excellence in Education Inc
    PO Box 1864
    Haverhill,MA01831     		N/A PC Haverhill Promise 12,000
    Haverhill Public Schools
    4 Summer St
    Haverhill,MA01831     		N/A GOV General Operating Support 75,000
    Haverhill Public Schools
    4 Summer St
    Haverhill,MA01831     		N/A GOV Haverhill Promise 5,000
    Heal the City
    PO Box 2556
    Amarillo,TX79105     		N/A PC General Operating Support 20,000
    Hidden Genius Project
    2934 Telegraph Ave
    Oakland,CA94609     		N/A PC General Operating Support 5,000
    Hobbs Municipal Schools
    1515 E Sanger
    Hobbs,NM88240     		N/A GOV Hobbs High School Band Program 1,000
    Hollins University Corporation
    PO Box 9629
    Roanoke,VA240201629     		N/A PC French Department 5,000
    Hollins University Corporation
    PO Box 9629
    Roanoke,VA240201629     		N/A PC General Operating Support - Honor of President Hinton 3,250
    Hollins University Corporation
    PO Box 9629
    Roanoke,VA240201629     		N/A PC Hollins Fund 15,000
    Holy Angels Inc
    6600 W Wilkinson Blvd
    Belmont,NC28012     		N/A PC General Operating Support 500
    Holy Angels Inc
    6600 W Wilkinson Blvd
    Belmont,NC28012     		N/A PC General Operating Support - Memory of Frankie Smith 3,000
    Isaiah's Soup Kitchen
    304 W Harden Blvd
    Hobbs,NM88240     		N/A PC General Operating Support 1,000
    Jal Public Schools
    PO Box 1386
    Jal,NM882521386     		N/A GOV Early Childcare and Pre-Kindergarten Center and Program 25,000
    Kanza Society Inc High Plains Public Radio
    210 N 7th St
    Garden City,KS67846     		N/A PC General Operating Support 3,000
    Lea County Commission for the Arts Inc
    122 W Broadway
    Hobbs,NM88240     		N/A PC General Operating Support 8,000
    Lea County Museum Inc
    103 S Love St
    Lovington,NM88260     		N/A PC Emergency Operating Support 30,000
    Lea County Museum Inc
    103 S Love St
    Lovington,NM88260     		N/A PC General Operating Support 15,000
    Lea County Museum Inc
    103 S Love St
    Lovington,NM88260     		N/A PC General Operating Support - Honor of Jim Harris 5,000
    Lea County Museum Inc
    103 S Love St
    Lovington,NM88260     		N/A PC Pavilion Landscaping 21,926
    Legal Aid Society of Lubbock Inc
    916 Main St Ste 103
    Lubbock,TX79401     		N/A PC General Operating Support 5,000
    Lovington Mainstreet Corporation
    PO Box 1418
    Lovington,NM88260     		N/A PC Downtown Wayfinding Project 25,000
    Lovington Mainstreet Corporation
    PO Box 1418
    Lovington,NM88260     		N/A PC Smokin' on the Plaza BBQ Cook-Off 15,000
    Lubbock Symphony Orchestra
    1313 Broadway Ste 2
    Lubbock,TX79401     		N/A PC General Operating Support 10,000
    Maverick Boys and Girls Club
    1923 S Lincoln St
    Amarillo,TX79109     		N/A PC General Operating Support 3,000
    McCallie School Inc
    500 Dodds Ave
    Chattanooga,TN37404     		N/A PC Penny Grant Endowed Scholarship Fund 10,000
    McCallie School Inc
    500 Dodds Ave
    Chattanooga,TN37404     		N/A PC Sustaining Fund 5,000
    The Mexico Institute
    800 W Campbell Rd JO31
    Richardson,TX75080     		N/A PC General Operating Support 1,000
    Michael J Fox Foundation for Parkinsons Research
    PO Box 4777
    New York,NY101634777     		N/A PC General Operating Support 10,000
    Midland Community Theatre Inc
    2000 W Wadley
    Midland,TX79705     		N/A PC General Operating Support -Memory of Arlen Edgar 1,000
    Missions of Grace
    947 Clear Fork St
    Lockhart,TX78644     		N/A PC General Operating Support 2,000
    MyPower Inc
    PO Box 1756
    Hobbs,NM88240     		N/A PC General Operating Support 78,000
    Nasher Sculpture Center
    2001 Flora St
    Dallas,TX75201     		N/A PC General Operating Support 10,000
    Nature Conservancy Inc
    4245 N Fairfax Dr Ste 100
    Arlington,VA22203     		N/A PC Nature Conservancy in New Mexico 10,000
    New Life Church
    11025 Voyager Pkwy
    Colorado Springs,NM80921     		N/A PC Mary's Home 2,500
    New Life Church
    11025 Voyager Pkwy
    Colorado Springs,NM80921     		N/A PC New Life East 2,500
    New Mexico Community Trust
    624 Tijeras Ave NW
    Albuquerque,NM87102     		N/A PC CTECH Construction 5,000,000
    New Mexico Junior College
    5317 N Lovington Hwy
    Hobbs,NM88240     		N/A GOV Residency Housing 25,000
    New Mexico Junior College
    5317 N Lovington Hwy
    Hobbs,NM88240     		N/A GOV Western Heritage Museum - 2019-2021 Exhibits 59,567
    New Mexico Museum of Natural History Foundation
    PO Box 25446
    Albuquerque,NM87125     		N/A PC Virtual Field Trips 5,000
    New Mexico Ramp Project
    PO Box 90354
    Albuquerque,NM87109     		N/A PC Lea County Wheelchair Ramp Project 10,500
    New Mexico State University Foundation Inc
    101 B S Commercial Ave
    Lovington,NM88260     		N/A PC Farm Safety Day 1,500
    Nor-Lea Hospital District
    1600 N Main
    Lovington,NM88260     		N/A PC COVID Response Appreciation 6,700
    Nor-Lea Hospital District
    1600 N Main
    Lovington,NM88260     		N/A PC COVID-19 Community Vaccination Response 324,000
    North Texas Food Bank
    4500 S Cockrell Hill Rd
    Dallas,TX75236     		N/A PC General Operating Support 5,000
    North Texas Public Broadcasting Inc
    3000 Harry Hines Blvd
    Dallas,TX75201     		N/A PC General Operating Support - Memory of Roger Horchow 3,000
    One Love Worldwide
    1223 El Caminito
    Hobbs,NM88240     		N/A PC General Operating Support 16,000
    Opportunity House Inc
    PO Box 1924
    Hobbs,NM88241     		N/A PC General Operating Support 500
    Option Inc
    200 N Dalmont
    Hobbs,NM88240     		N/A PC General Operating Support 750
    Option Inc
    200 N Dalmont
    Hobbs,NM88240     		N/A PC General Operating Support - Memory of Arlen Edgar 1,000
    Palmer Drug Abuse Program of Lea County Inc
    PO Box 5185
    Hobbs,NM88241     		N/A PC General Operating Support 9,500
    Paseo Project Inc
    PO Box 1075
    Taos,NM87571     		N/A PC General Operating Support 10,000
    Phoenix House - Sexual Assault & Domestic Violence Resource Center
    221 E Green Acres Dr
    Hobbs,NM88240     		N/A PC General Operating Support 1,000
    Phoenix House - Sexual Assault & Domestic Violence Resource Center
    221 E Green Acres Dr
    Hobbs,NM88240     		N/A PC In-Kind 2019 Toyota Camry Vehicle 32,694
    Project 40 31 Inc
    122 W Taylor St
    Hobbs,NM88240     		N/A PC General Operating Support 6,500
    Puente A La Salud Comunitaria
    1311-A E 6th St
    Austin,TX78702     		N/A PC General Operating Support 3,000
    Reach Out and Read Inc
    89 South St Ste 201
    Boston,MA02111     		N/A PC Grade Level Reading 14,000
    Reading Allowed
    275 S 19th St Ste 600
    Philadelphia,PA19103     		N/A PC General Operating Support 3,500
    Rocky Mountain Mineral Law Foundation
    9191 Sheridan Blvd Ste 203
    Westminster,NM80031     		N/A PC Charles (Chuck) Moran Scholarship Fund 10,000
    Rocky Mountain Youth Corps
    PO Box 1960
    Ranchos de Taos,NM875571960     		N/A PC General Operating Support 10,000
    Sacramento Camp and Conference Center Inc
    PO Box 8
    Sacramento,NM883470008     		N/A PC Family Life Center 37,000
    Sacramento Camp and Conference Center Inc
    PO Box 8
    Sacramento,NM883470008     		N/A PC General Operating Support 25,000
    Sacramento Camp and Conference Center Inc
    PO Box 8
    Sacramento,NM883470008     		N/A PC Video Creation 10,000
    Sagebrush Community Church
    6440 Coors Blvd NW
    Albuquerque,NM87120     		N/A PC General Operating Support 5,000
    Saint Michael and All Angels Church
    8011 Douglas St
    Dallas,TX75225     		N/A PC General Operating Support 5,000
    Salem Academy and College
    601 S Church St
    WinstonSalem,NC27101     		N/A PC General Operating Support 15,000
    Salem Academy and College
    601 S Church St
    WinstonSalem,NC27101     		N/A PC Susan Leigh Maddox Science and Math Excellence Fund 15,000
    Salvation Army Services Inc - Hobbs
    820 S Fowler St
    Hobbs,NM88240     		N/A PC Food Pantry Improvements 13,706
    Salvation Army Services Inc - Hobbs
    820 S Fowler St
    Hobbs,NM88240     		N/A PC Housing Insecurity Relief 5,000
    Save the Children Federation Inc
    501 Kings Hwy E Ste 400
    Fairfield,CT06825     		N/A PC General Operating Support 3,000
    Southwest Symphony
    PO Box 101
    Hobbs,NM88241     		N/A PC 2020-2021 Season 49,625
    Southwest Symphony
    PO Box 101
    Hobbs,NM88241     		N/A PC General Operating Support 500
    Saint Philips School and Community Center
    1600 Pennsylvania Ave
    Dallas,TX75215     		N/A PC General Operating Support 50,000
    Saint Thomas Catholic Church
    4100 S Coulter St
    Amarillo,TX79109     		N/A PC John and Margaret Anderson Leadership Scholarship Fund - Memory of John Anderson 2,000
    Stanford University
    301 Encina Hall
    Stanford,CA94305     		N/A PC General Operating Support - Graduate School of Business 2,500
    Susan G Komen Breast Cancer Foundation
    2316 Randolph Rd
    Charlotte,NC28207     		N/A PC General Operating Support 5,000
    Taos Avalanche Center
    PO Box 267
    El Prado,NM87529     		N/A PC General Operating Support 10,000
    The Taos Community Foundation Inc
    PO Box 1925
    Taos,NM87571     		N/A PC General Operating Support 12,500
    Taylor Memorial Baptist Church
    1700 E Yeso Dr
    Hobbs,NM88240     		N/A PC Building Fund 5,000
    Taylor Memorial Baptist Church
    1700 E Yeso Dr
    Hobbs,NM88240     		N/A PC Go Fund Missions 5,000
    Teach for America Inc
    600 N Pearl St Ste 2300
    Dallas,TX75201     		N/A PC General Operating Support 5,000
    Texas 2036
    3963 Maple Ave Ste 290
    Dallas,TX75219     		N/A PC General Operating Support 25,000
    Texas Youth Trapshooters Association
    800 Baltimore
    Hereford,TX79045     		N/A PC TTA Scholarship Fund 2,000
    Tri-State Shooting Sports Foundation
    PO Box 30064
    Amarillo,TX791012442     		N/A PC General Operating Support 5,000
    Twirl A Play and Discovery Space Inc
    225 Camino de la Placita
    Taos,NM87571     		N/A PC General Operating Support 1,500
    United for Change Center
    2480 Times Blvd Ste 204-B
    Houston,TX77005     		N/A PC General Operating Support - Honor of Bob Reid 5,000
    United Way of Greater St Louis Inc
    910 N 11th St
    St Louis,MO63101     		N/A PC BJC Healthcare 47,300
    United Way of Lea County Inc Hobbs NM
    320 N Shipp Ste B
    Hobbs,NM88240     		N/A PC 9/11 Commemorative Walk 2,772
    United Way of Lea County Inc Hobbs NM
    320 N Shipp Ste B
    Hobbs,NM88240     		N/A PC Campaign Support 2020-2023 403,328
    United Way of Lea County Inc Hobbs NM
    320 N Shipp Ste B
    Hobbs,NM88240     		N/A PC COVID-19 Response Utility Assistance 10,000
    United Way of Lea County Inc Hobbs NM
    320 N Shipp Ste B
    Hobbs,NM88240     		N/A PC General Operating Support 5,000
    United Way of Lea County Inc Hobbs NM
    320 N Shipp Ste B
    Hobbs,NM88240     		N/A PC Housing Insecurity Relief 5,000
    United Way of Lea County Inc Hobbs NM
    320 N Shipp Ste B
    Hobbs,NM88240     		N/A PC Project You Benefit Concert 55,000
    United Way of Pickens County
    PO Box 96
    Easley,SC29641     		N/A PC Camp IROCK 4,000
    University City Children's Center
    6646 Vernon Ave
    University City,MO63130     		N/A PC General Operating Support 15,000
    University of New Mexico Foundation Inc
    700 Lomas Blvd NE Ste 108
    Albuquerque,NM87131     		N/A PC General Operating Support 40,000
    University of Texas at Dallas
    1966 Inwood Rd
    Dallas,TX752357298     		N/A GOV Center for Brain Health 5,000
    University of Texas System
    5323 Harry Hines Blvd
    Dallas,TX753907208     		N/A PC Peter O'Donnell Jr. Brain Institute 6,500
    Uplifting Athletes Inc
    PO Box 574
    Doyelstown,PA18901     		N/A PC General Operating Support 6,000
    Wake Forest University
    PO Box 7227
    WinstonSalem,NC271097227     		N/A PC Law Fund 10,000
    Wake Forest University
    PO Box 7227
    WinstonSalem,NC271097227     		N/A PC Maddox Law Scholarship 13,000
    Wholly Rags
    PO Box 1051
    Taos,NM875571051     		N/A PC General Operating Support 3,000
    William Marsh Rice University
    PO Box 2593
    Houston,TX746592593     		N/A PC General Operating Support 5,000
    Women's Economic Self-Sufficiency Team
    609 Broadway Blvd NE
    Albuquerque,NM87102     		N/A PC General Operating Support 10,500
    YouthBridge Community Foundation
    12977 N Forty Dr Ste 368
    St Louis,MO63141     		N/A PC General Operating Support 25,000
    Alexa Samantha Brito
    715 W Polk Ave
    Lovington,NM88260     		N/A I 2020 Maddox Scholar 4,012
    Arissa Frazier
    PO Box 1885
    Eunice,NM882311885     		N/A I 2021 Laptop Computer Recipient 2,197
    Avree Lyn Arnold
    936 E Jackson Rd
    Hobbs,NM88240     		N/A I 2020 Maddox Scholar 75
    Brayden Lee Strickland
    1202 Desert Sage
    Hobbs,NM88240     		N/A I 2021 Laptop Computer Recipient 2,197
    Brevin Luke McCool
    5129 N JaRob Ln
    Hobbs,NM88240     		N/A I 2020 Distinguished Scholar 13,169
    Brooke Dunn
    5020 W Dark Horse Rd
    Hobbs,NM88240     		N/A I 2016 Distinguished Scholar 8,554
    Catherine Channing Gray
    8823 N Bensing Rd
    Hobbs,NM88240     		N/A I 2021 Laptop Computer Recipient 2,197
    Celine Cuellar
    1303 W Ave H
    Lovington,NM88260     		N/A I 2016 Maddox Scholar 2,500
    Chloe Fiona Earp
    PO Box 663
    Jal,NM88252     		N/A I 2021 Laptop Computer Recipient 2,197
    Claire Alexa Newey
    4816 W Hardtack
    Hobbs,NM88240     		N/A I 2019 Maddox Scholar 3,333
    Cobe Grant Sandoval
    2909 E Anderson Dr
    Lovington,NM88260     		N/A I 2021 Laptop Computer Recipient 2,197
    Cynthia Anahi Palacios
    PO Box 114
    Tatum,NM88267     		N/A I 2021 Laptop Computer Recipient 2,197
    Daylan Flemmons
    601 E Reppto Rd
    Brownfield,TX79316     		N/A I 2018 Distinguished Scholar 88,616
    Elise Nevaeh Enriquez
    1210 E Rose Ln
    Hobbs,NM88240     		N/A I 2021 Laptop Computer Recipient 2,197
    Erin Hines
    1413 W Paige Dr
    Hobbs,NM88240     		N/A I 2018 Maddox Scholar 5,000
    Haleigh Morgan Bluedorn
    2000 W Avenue J
    Lovington,NM88260     		N/A I 2016 Maddox Scholar 2,236
    Hector Angel Rivera Jr
    318 S 1st St
    Lovington,NM88260     		N/A I 2019 Maddox Scholar 1,668
    Jackson Driskill
    2410 W College Ln
    Hobbs,NM88240     		N/A I 2017 Maddox Scholar 5,826
    Jacob Alan Blackmon
    3300 N Northwest Dr
    Hobbs,NM88240     		N/A I 2021 Laptop Computer Recipient 2,197
    Jay Nelson
    115 W Silver
    Hobbs,NM88240     		N/A I 2018 Maddox Scholar 2,252
    Jonathon Ted Salgado
    701 W Cielo Dr
    Hobbs,NM88240     		N/A I 2020 Maddox Scholar 4,697
    Kaira Payen
    1314 E Cimarron Rd
    Hobbs,NM88240     		N/A I 2018 Maddox Scholar 5,000
    Kareli Aleksandra Payen
    1314 E Cimarron Rd
    Hobbs,NM88240     		N/A I 2021 Laptop Computer Recipient 2,197
    Kunal Mankad
    5001 N Carriage Rd
    Hobbs,NM88240     		N/A I 2017 Maddox Scholar 5,000
    Makayla Franco
    1309 W Tyler
    Lovington,NM88260     		N/A I 2017 Distinguished Scholar 64,551
    Nathanyel Kenneth Rodriguez
    4145 N Apodaca St
    Hobbs,NM88240     		N/A I 2019 Maddox Scholar 2,500
    Olivia Katherine Bova
    1800 N Vega Dr
    Hobbs,NM88240     		N/A I 2020 Maddox Scholar 155
    Samuel Martinez
    128 W Scott Pl
    Hobbs,NM88240     		N/A I 2019 Maddox Scholar 4,024
    Shaye Elizabeth Smith
    20 Broadmoor Park
    Hobbs,NM88240     		N/A I 2017 Maddox Scholar 5,000
    Shelly Judith Driskill
    1102 W Cochiti Ave
    Hobbs,NM88240     		N/A I 2020 Maddox Scholar 4,947
    Tabitha Rose Moody
    6418 N Davis Ln
    Hobbs,NM88242     		N/A I 2021 Laptop Computer Recipient 2,197
    Troy Anthony White
    934 E Gold Ave
    Hobbs,NM88240     		N/A I 2019 Distinguished Scholar 51,571
    William Evan Gray
    8823 N Bensing Rd
    Hobbs,NM88240     		N/A I 2018 Maddox Scholar 2,500
    Yaizeth Krysthal Gurrola-Mares
    1419 N Pennington
    Hobbs,NM88240     		N/A I 2021 Laptop Computer Recipient 2,197
    Total .................................bullet 3a 8,317,180
    bApproved for future payment
    Eastern New Mexico Foundation - KENW
    ENMU - 52 Broadcast Center
    Portales,NM88130     		N/A GOV FM Transmitter 25,000
    Foundation Inc
    701 E Gate Dr Ste 300
    Mount Laurel,NJ08054     		N/A PC Campaign for Grade Level Reading 75,000
    Guidance Center of Lea County
    PO Box 907
    Hobbs,NM88240     		N/A PC Emergency Transitional Housing 15,207
    Guidance Center of Lea County
    PO Box 907
    Hobbs,NM88240     		N/A PC General Operating Support - Honor of Carrie Cooper 50,000
    Hobbs Jaycees Community Fund
    PO Box 2372
    Hobbs,NM88241     		N/A PC Hobbs Autumn Nites 10,000
    Hobbs Municipal Schools
    1515 E Sanger
    Hobbs,NM88240     		N/A GOV CTECH Site Visits 20,000
    Lea County Museum
    103 S Love St
    Lovington,NM88260     		N/A PC General Operating Support - Honor of Jim Harris 50,000
    Lovington City of
    214 S Love
    Lovington,NM88260     		N/A GOV Cinco de Mayo Concert 20,000
    New Mexico Ramp Project
    PO Box 90354
    Albuquerque,NM87109     		N/A PC Lea County Wheelchair Ramp Project 9,500
    Option Inc
    200 N Dalmont
    Hobbs,NM88240     		N/A PC General Operating Support - Memory Dinora Guthrie 50,000
    WHI Hobbs
    4008 N Grimes St Box 275
    Hobbs,NM88240     		N/A PC Heart of Lea County Benefit Concert 40,000
    Total .................................bullet 3b 364,707
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 4,102  
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		901101 1,298,340 18 21,410,856  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aOther Interest     		    14 258  
    bPARTNERSHIP INTEREST INCOME 901101 88 14 1,480,950  
    cPARTNERSHIP EXEMPT INTEREST     14 14,886  
    dPARTNERSHIP DIVIDEND INCOME 901101 2,470 14 593,785  
    ePARTNERSHIP OTHER INCOME 901101 1,369,723 14 50,431  
    fPARTNERSHIP PORTFOLIO INCOME 901101 -859 14 1,938,309  
    gOther Income     14 15  
    12 Subtotal. Add columns (b), (d), and (e) .. 2,669,762 27,018,722 0
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    29,688,484
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID: 21014044
    Software Version: 2021v4.2


    Form 990PF - Special Condition Description:
    Special Condition Description

    TY 2021 AccountingFeesSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Audit and tax compliance services 15,736 3,367   1,051

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 DepreciationSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
    Automobiles   128,814 67,846 SL 5.0 20,809      
    Office equipment & furniture   279,735 189,162 SL 3.0 34,304 15,814    
    Leasehold improvements   285,457 194,968 SL 15.0 8,143      

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    GAIN/(LOSS) FROM PASS-THROUGH ENTITIES         22,709,196 0     22,709,196  

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Name of Stock End of Year Book Value End of Year Fair Market Value
    Publicly Traded Securities 71,511,323 95,773,661

    TY 2021 InvestmentsOtherSchedule2
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    Investment Receivables FMV 203,498 203,498
    Alternative Investments FMV 159,553,474 182,528,511

    TY 2021 LandEtcSchedule2
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    AUTOMOBILES 128,814 74,597 54,217 54,217
    EQUIPMENT & FURNITURE 279,735 199,347 80,388 80,388
    LEASEHOLD IMPROVEMENTS 285,457 214,751 70,706 70,706


    TY 2021 LegalFeesSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General legal services 18,081 1,391   16,568


    TY 2021 OtherAssetsSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    Program-related investment - NMCC 68,099 68,099 38,745
    Program-related loans 12,305,085 12,605,085 12,605,085


    TY 2021 OtherExpensesSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    AUTO EXPENSE 14,117 1,425   12,568
    DUES 22,489 563   20,977
    GRANT ADMINISTRATION EXPENSE 13,178     13,178
    RECRUITMENT EXPENSE 378 87   283
    INSURANCE 8,953 2,058   6,715
    LICENSES & FEES 1,726 1,109   520
    MAINTENANCE AGREEMENTS 77,937 11,989   64,901
    MISCELLANEOUS EXPENSE 3,021 695   2,265
    OFFICE EXPENSE 51,011 11,615   38,381
    POSTAGE 5,189 781   4,337
    PASS-THROUGH INTEREST EXPENSE 66,085 62,070   4,016
    TRAINING 7,635 3,135   4,226
    OTHER PASS-THROUGH INVESTMENT EXPENSES 2,583,965 2,289,598   0
    Penalties 273      


    TY 2021 OtherIncomeSchedule2
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    OTHER INCOME FROM PASS-THROUGH INVESTMENTS 5,450,056 4,063,748 0


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    CONSULTING FEES 333,944 24,828   306,949
    INVESTMENT FEES 388,937 379,544   0


    TY 2021 TaxesSchedule
    Name:
    JF Maddox Foundation
    EIN:
    75-6023767
    Software ID:
    21014044
    Software Version:
    2021v4.2
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Tax from pass through 111,054 29,769    
    Federal Taxes Paid 507,227