Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$267,231,305J 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 right arrow.............
3 Interest on savings and temporary cash investments 2,715,724 2,715,724  
4 Dividends and interest from securities... 4,436,468 4,436,468  
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
List of Attached Documents:
// Content
931,006
b Gross sales price for all assets on line 6a  
7 Capital gain net income (from Part IV, line 2)... 883,628
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  
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
1,502,572 1,613,496 0
12 Total. Add lines 1 through 11........ 9,585,770 9,649,316 0
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 1,298,121 258,524 0 862,528
14 Other employee salaries and wages...... 328,013 48,669 0 246,010
15 Pension plans, employee benefits....... 304,638 45,200 0 228,479
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
44,846 6,654 0 33,635
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
68,120 28,654 0 9,551
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
1,051,068 464,321 0 268,725
17 Interest............... 9 9 0 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
180,774 6,092 0 0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
57,168 14,344 0
20 Occupancy.............. 143,249 21,254 0 107,437
21 Travel, conferences, and meetings....... 254,099 37,702 0 190,574
22 Printing and publications.......... 0 0 0 0
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
4,080,949 2,664,213 0 686,544
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 7,811,054 3,595,636 0 2,633,483
25 Contributions, gifts, grants paid....... 8,871,509 8,871,509
26 Total expenses and disbursements. Add lines 24 and 25 16,682,563 3,595,636 0 11,504,992
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -7,096,793
b Net investment income (if negative, enter -0-) 6,053,680
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
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......... 9,261,129 2,496,768 2,496,768
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow   0 0 0
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow   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) right arrow0
Less: allowance for doubtful accounts right arrow0 0 0 0
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 0 0 0
10a Investments—U.S. and state government obligations (attach schedule) 0 0 0
b Investments—corporate stock (attach schedule)....... 71,863,584 Click to see attachment
List of Attached Documents:
// Content
91,837,314 		105,339,198
c Investments—corporate bonds (attach schedule)....... 0   0
11 Investments—land, buildings, and equipment: basis right arrow0
Less: accumulated depreciation (attach schedule) right arrow0 0   0
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 159,209,701 Click to see attachment
List of Attached Documents:
// Content
151,585,609 		159,216,307
14 Land, buildings, and equipment: basis right arrow660,977
Less: accumulated depreciation (attach schedule) right arrow527,763 190,382 Click to see attachment
List of Attached Documents:
// Content
133,214 		130,570
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
12,673,184 		Click to see attachment
List of Attached Documents:
// Content
48,462 		Click to see attachment
List of Attached Documents:
// Content
48,462
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 253,197,980 246,101,367 267,231,305
Liabilities 17 Accounts payable and accrued expenses.......... 428 608
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 right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
0
23 Total liabilities (add lines 17 through 22)......... 428 608
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 253,197,552 246,100,759
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
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)..... 253,197,552 246,100,759
30 Total liabilities and net assets/fund balances (see instructions). 253,197,980 246,101,367
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
253,197,552
2
Enter amount from Part I, line 27a .....................
2
-7,096,793
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
246,100,759
5
Decreases not included in line 2 (itemize) right arrow
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
246,100,759
Form 990-PF (2023)
Form 990-PF (2023)
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 681,817     681,817
b 201,811     201,811
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     0 681,817
b     0 201,811
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 2 883,628
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
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 right arrow 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) 1 84,146
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 84,146
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 84,146
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 155,763
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 155,763
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 71,617
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow51,212 Refundedright arrow 11 20,405
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA, 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, UT, 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 2023 or the taxable year beginning in 2023? 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
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 addressright arrowwww.jfmaddox.org
14
The books are in care ofright arrowKerri Gray Telephone no.right arrow (575) 393-6338

Located atright arrowPO Box 2588HobbsNM ZIP+4right arrow88240
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, 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 right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2023? .............
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 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2023 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 2023.) .....................
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 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
Ann M Utterback Director
4.000 		48,984 0 0
PO Box 2588
Hobbs,NM882412588
Benjamin W Maddox Director
5.000 		50,204 0 0
PO Box 2588
Hobbs,NM882412588
Catherine M Maddox Director
20.000 		92,085 0 0
PO Box 2588
Hobbs,NM882412588
John L Maddox Director
6.000 		49,734 0 0
PO Box 2588
Hobbs,NM882412588
Mariasusana Arvizu Director
6.000 		47,039 0 0
PO Box 2588
Hobbs,NM882412588
Paul V Campbell Director
6.000 		47,039 0 0
PO Box 2588
Hobbs,NM882412588
Thomas M Maddox Director
7.000 		37,984 0 0
PO Box 2588
Hobbs,NM882412588
David Reed COO/Secretary
40.000 		146,032 46,625 0
PO Box 2588
Hobbs,NM882412588
Kyle Shepard CFO & Vice President - Finance / Treasurer (thru 12/23)
40.000 		240,833 43,368 0
PO Box 2588
Hobbs,NM882412588
Mayra Lovas Vice President - Grant
40.000 		136,640 28,736 0
PO Box 2588
Hobbs,NM882412588
TJ PARKS CEO
40.000 		312,600 57,474 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
Carol A Crossland Program Associate
40.000 		74,827 24,553 0
PO Box 2588
Hobbs,NM882412588
Hilda Aldrete Exec. Assistant
40.000 		70,143 25,724 0
PO Box 2588
Hobbs,NM882412588
Kawin J Nunnery Program Associate
40.000 		62,942 31,438 0
PO Box 2588
Hobbs,NM882412588
MARISSA N CORRAL Accountant
40.000 		64,456 15,663 0
PO Box 2588
Hobbs,NM882412588
Sarah Anderson Grants Administrator
40.000 		81,074 20,595 0
PO Box 2588
Hobbs,NM882412588
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2023)
Form 990-PF (2023)
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
Charles Schwab Investment Management 245,402
3000 Schwab Way
Westlake,TX76262
Vaughan Nelson Investment Management LP Investment management 148,094
600 Travis
Ste 6300
Houston,TX770023071
Impact Coaching and Consulting Consulting and Coaching 115,518
140 Sherry Lane
Kingston,NY12401
Riva Capital Partners Investment Management 101,237
222 Berkeley Street 21st Floor
Boston,MA02116
JRBS Consulting Public Relations 68,980
7701 N Butler
Hobbs,NM88240
Total number of others receiving over $50,000 for professional services.............right arrow0
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 and administration of Jack Maddox Distinguished Lecture Series (DLS). Refer to website at www.jfmaddox.org 363,657
2 Management & administration of Jack Maddox Distinguished Scholarship Program. Refer to website at www.jfmaddox.org JACK MADDOX DISTINGUISHED SCHOLARSHIP PROGRAM: AN INDEPENDENT SCHOLARSHIP SELECTION COMMITTEE SCREENS APPLICATIONS, SELECTS UP TO 15 SEMIFINALISTS 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. 250,044
3 The Maddox Leadership Institute is a nine-month, evidence-informed leadership development program that builds individual knowledge, skills, and self-efficacy in aspiring community leaders. The program is taught by faculty from the J.W. Fanning Institute for Leadership Development out of the University of Georgia. The program is skill-building intensive, with special attention to instructional delivery catered to adult learning preferences. 146,857
4 the Hobbs Campaign for Grade-Level Reading has formed a coalition of community partners who are committed to ensuring early school success by addressing experiences holistically and focusing on community-driven initiatives to help children and families. The JF Maddox Foundation has partnered with stakeholders from the Hobbs Municipal School District, the City of Hobbs, United Way of Lea County, Literacy Coalition of the Permian Basin, University of the Southwest, New Mexico Junior College, Nor-Lea Hobbs Medical Clinic, Hobbs Public Library, and others, to come together to give our youth tools to increase academic achievement and improve their literacy rates. 44,746
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  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2023)
Form 990-PF (2023)
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
88,727,381
b
Average of monthly cash balances.......................
1b
4,159,670
c
Fair market value of all other assets (see instructions)................
1c
166,647,738
d
Total (add lines 1a, b, and c).........................
1d
259,534,789
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
259,534,789
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
3,893,022
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
255,641,767
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
12,782,088
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
12,782,088
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
84,146
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
84,146
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
12,697,942
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
12,697,942
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
12,697,942
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
11,504,992
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
0
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
0
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
11,504,992
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 12,697,942
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 70,241
b Total for prior years:2021, 2020, 2019 0
3 Excess distributions carryover, if any, to 2022:
a From 2018...... 278,922
b From 2019...... 649,586
c From 2020...... 0
d From 2021...... 0
e From 2022...... 0
f Total of lines 3a through e ........ 928,508
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 11,504,992
a Applied to 2022, but not more than line 2a 70,241
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 2023 distributable amount..... 11,434,751
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2023. 928,508 928,508
(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 0
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 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		334,683
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 2018 not
applied on line 5 or line 7 (see instructions) ... 		0
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2019.... 0
b Excess from 2020.... 0
c Excess from 2021.... 0
d Excess from 2022.... 0
e Excess from 2023.... 0
Form 990-PF (2023)
Form 990-PF (2023)
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 2023, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
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 right arrow
aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
Sarah Anderson
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 junior 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 (2023)
Form 990-PF (2023)
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

Abigail Rivera

1202 W Avenue K
Lovington,NM88260 		NONE I Scholarship - 2023 Computer Laptop Recipient 2,119

ACTEC Foundation

3415 South Sepulveda Blvd Suite 33
Los Angeles,CA900346060 		NONE PC spring fundraiser + in memory of Daniel Markstein + general operating support 19,000

Albuquerque Academy

6400 Wyoming Blvd NE
Albuquerque,NM871093899 		NONE PC general operating support 1,000

Amarillo Habitat for Humanity

PO Box 755
Amarillo,TX79105 		NONE PC general operating support 2,500

American Cancer Society Inc

250 Williams St
Atlanta,GA30303 		NONE PC general operating support 5,000

American Rivers Inc

1101 14th St NW Ste 1400
Washington,DC20005 		NONE PC general operating support 2,000

Arkansas Community Foundation Inc

5 Allied Drive Suite 51110
Little Rock,AR72202 		NONE PC Fayetteville Area Giving Tree Fund and Fayetteville Area Operating Endowment 1,000

Arwen Ching

700 W Copper Ave
Hobbs,NM88240 		NONE I Scholarship - 2023 Computer Laptop Recipient + 2022 Maddox Scholar 4,619

Avree Arnold

936 E Jackson Rd
Hobbs,NM88240 		NONE I 2021 Maddox Scholar 5,000

Barbershop Books

57 W 57th St
New York,NY10019 		NONE PC general operating support 2,500

Boy Scouts of America Conquistador Council

2603 North Aspen
Roswell,NM88201 		NONE PC 2023 National Boy Scouts Jamboree 15,000

Boys Club of Hobbs Inc DBA Boys and Girls Club of Hobbs Inc

221 E Dunam
Hobbs,NM88240 		NONE PC in memory of Mary Baber + Mike Clampitt + Adult Behind the Child Program + plumbing improvements 79,552

Brevin McCool

5129 N JaRob Ln
Hobbs,NM88242 		NONE I 2020 Distinguished Scholar 24,682

Bridges Project for Education

PO Box 308
Taos,NM875710308 		NONE PC general operating support 20,000

Brooklyn Arreola

3207 E Anderson Drive
Lovington,NM88260 		NONE I 2021 Distinguished Scholar 32,001

Carla Gavilan

PO Box 463
Eunice,NM88231 		NONE I 2021 Maddox Scholar 7,500

Carlsbad Association for Retarded Citizens

PO Drawer 1808
Carlsbad,NM882211808 		NONE PC in memory of Dick Forrest, Garry Forrest, Karen Perini, and Robin Perini 9,250

Charity Water

PO Box 5026
Hagerstown,MD21741 		NONE PC general operating support 10,000

Children's Defense Fund

840 First St NE Ste 300
Washington,DC20002 		NONE PC general operating support 5,000

Children's Literacy Initiative

990 Spring Garden St 4th Floor Ste
Philadelphia,PA19123 		NONE PC general operating support 5,000

Children's Tumor Foundation

697 Third Ave Ste 418
New York,NY10017 		NONE PC to support Drew Elder's Cupid's Undie Run in Denver 1,000

Cissy Food Ministry

PO Box 2394
Hobbs,NM88241 		NONE PC general operating support 13,000

City of Hobbs

4827 Lovington Hwy
Hobbs,NM882409108 		NONE GOV Adaptive Sports, Animal Spay and Neuter Program 20,000

City of Lovington

214 S Love St
Lovington,NM88260 		NONE GOV Animal Spay and Neuter Programs + Renovations of the Harold Runnels Softball Complex & Police Squad Car Purchase & City Training + 2023 Hispanic Heritage Concert Series + Project Fund 4th of July Festival Party in The Park 2023 81,750

Claire Newey

4816 W Hardtack
Hobbs,NM88240 		NONE I 2019 Maddox Scholar 6,666

College Bound St Louis

110 N Jefferson Ave
Saint Louis,MO63103 		NONE PC general operating support 12,500

Colorado Outdoor Education Center

PO Box 167
Florissant,CO80816 		NONE PC scholarship program at Sanborn Western Camps 15,000

Community Players of Hobbs Inc

122 W Broadway
Hobbs,NM88240 		NONE PC Y.P.A.W. (Youth Performing Arts Workshop - Dear Edwina Jr. 20,000

Couse Foundation

PO Box 1436
Taos,NM87571 		NONE PC general operating support 10,000

Covenant Health System

3615 19th Street
Lubbock,TX79410 		NONE PC new hospital 5,800,000

Covenant Village Inc

1351 Robinwood Road
Gastonia,NC28054 		NONE PC to provide "seed money" to supplement the chaplain program 25,000

Crossroads for Women

239 Elm Street NE
Albuquerque,NM87102 		NONE PC general operating support 10,000

Crosswinds Community Church

1701 N Jefferson
Hobbs,NM88240 		NONE PC family services 5,000

Cynthia Palacios

PO box 114 624 South Avenue B
Tatum,NM88267 		NONE I 2020 Maddox Scholar *early graduate - spring 2023* 7,239

Damian Baeza

PO Box 103
Jal,NM88252 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

David Ascencio

406 W Avenue G
Lovington,NM88260 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

David Sanchez

107 W Taos TRLR 1
Hobbs,NM88240 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Daylan Flemmons

601 E Reppto Rd
Brownfield,TX79316 		NONE I 2018 Distinguished Scholar 52,275

Delta Gamma Foundation

3250 Riverside Dr
Columbus,OH43221 		NONE PC Service for Sight 5,000

Downtown Taos MainStreet

1236 Half Moon Rd
El Prado,NM87529 		NONE PC general operating support 5,000

Downtown Women's Center

409 S Monroe St
Amarillo,TX79101 		NONE PC general operating support 2,500

Dr Karen M Trujillo Memorial Foundation

PO Box 1620
Las Cruces,NM88004 		NONE PC general operating support 10,000

Eastern New Mexico University Foundation

Station 1 Administration Bldg Sui
Portales,NM88130 		NONE PC KENW Radio 3000 Watt FM Transmitter 25,000

Ella Newey

4816 W Hardtack
Hobbs,NM88240 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Encore Entertainment Inc

PO Box 101
Hobbs,NM88241 		NONE PC Southwest Symphony 2023-2024 Concert Season + Southwest Symphony 40th Anniversary Celebration Social Event + in honor of Cindy Walker 126,000

Equal Justice Initiative

122 Commerce St
Montgomery,AL36104 		NONE PC general operating support 5,000

Erin Hines

1413 W Paige Dr
Hobbs,NM88240 		NONE I 2018 Maddox Scholar 2,500

Essex County Community Foundation

175 Andover St Ste 101
Danvers,MA01923 		NONE PC Haverhill Promise 10,000

Ethan Vanlandingham

7716 N Valdez
Hobbs,NM88242 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Falyn Lackey

1100 W Idaho
Hobbs,NM88240 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Fayetteville Wheelman Cycling Club

1251 E Shepherd Ln Apt 302
Fayetteville,AR72703 		NONE PC general operating support 5,000

Fcancer

9854 National Blvd 280
Los Angeles,CA90034 		NONE PC P.ink 2,500

First Methodist Church Hobbs

200 East Snyder
Hobbs,NM88240 		NONE PC Music Ministry in memory of Elaine Richeson 500

First Presbyterian Church of St Louis

7200 Delmar Blvd
University City,MO63130 		NONE PC general operating support 10,000

First Tee of the Pecos Valley Inc

201 W 19th Street
Roswell,NM88201 		NONE PC Equipment Purchase - Anyone Can Play 9,240

Freedom 5one Ministries

125 Sunbridge Drive Suite 2
Fayetteville,AR72703 		NONE PC Becky Aguirre Giving Day Match Program 1,000

Friends of Anansi Charter School

PO Box 1709
El Prado,NM87529 		NONE PC winter sports program 2,500

Friends of KWMU Inc

3651 Olive St
Saint Louis,MO63108 		NONE PC general operating support 5,000

Friends of the Yampa

PO Box 771654
Steamboat Springs,CO80477 		NONE PC general operating support 2,000

Global Empowerment Mission Inc

1040 Biscayne Blvd Suite 2403
Miami,FL33132 		NONE PC Israel-Hamas humanitarian crisis fund 5,000

Golden Apple Foundation For Excellence In Teaching

901 W Jackson Blvd Ste 205
Chicago,IL60607 		NONE PC Addressing the Shortage of Highly-Effective Teachers in New Mexico - 200,000

Guidance Center of Lea County Inc

PO Box 907
Hobbs,NM882410907 		NONE PC Removal of the Alpine Tower from Humphrey House Location 15,000

Habitat for Humanity of Hobbs

PO Box 5833
Hobbs,NM882415833 		NONE PC Women's Shelter Renovations + construction costs + general operating support + 2023 Transitional Shelter Pilot 45,995

Habitat for Humanity of Taos

PO Box 1888
Taos,NM87571 		NONE PC general operating support 1,000

Haverhill Foundation for Excellence in Education Inc

PO Box 1864
Haverhill,MA01831 		NONE PC Haverhill Promise 5,000

Haverhill Public Schools

4 Summer St
Haverhill,MA018305877 		NONE GOV Haverhill Promise 87,500

Heal the City Free Clinic

PO Box 2556
Amarillo,TX79105 		NONE PC general operating support 5,000

Hector Rivera

318 South 1st Street
Lovington,NM88260 		NONE I 2019 Maddox Scholar 1,668

Hidden Genius Project

2934 Telegraph Ave
Oakland,CA94609 		NONE PC general operating support 5,000

Hobbs Jaycees Community Fund Inc

PO Box 2372
Hobbs,NM882412372 		NONE PC 2023 Hobbs August Nites 78,586

Hobbs Municipal Schools

1515 East Sanger PO Box 1030
Hobbs,NM88240 		NONE GOV Hobbs High School Band Program + tennis program in memory of Larry Joynt 6,000

Hollins University

PO Box 9627
Roanoke,VA24020 		NONE PC Hollins Fund + French Department 20,000

Holy Angels Inc

6600 W Wilkinson Blvd
Belmont,NC28012 		NONE PC general operating support + in memory of Frankie Smith 3,500

Hope Cancer Resources

5835 W Sunset Ave
Springdale,AR72762 		NONE PC general operating support 1,000

Iglesia Roca Eterna

1914 S 2nd Street
Lovington,NM88260 		NONE PC general operating support 10,000

Isaiah's Soup Kitchen

304 W Harden Blvd
Hobbs,NM88240 		NONE PC freezers + Air Conditioner Purchase and Installation + general operating support 31,605

Jonathon Salgado

701 West Cielo Dr
Hobbs,NM88240 		NONE I 2020 Maddox Scholar 5,000

Jones Center for Families Inc

922 E Emma Avenue
Springdale,AR72764 		NONE PC scholarships 1,000

Josiah Matthews

2108 Avignon Dr
Carrollton,TX75007 		NONE I college application fees + scholarship - 2023 Computer Laptop Recipient + 2022 Maddox Scholar 4,729

Junior Service League of Hobbs Inc

PO Box 723
Hobbs,NM882410723 		NONE PC Spring Super Star Shoe Program + 2023 Fall Superstar Shoe Program 18,000

Justice Defenders

2093 Philadelphia Pike 6214
Claymont,DE19703 		NONE PC general operating support 6,500

Justice House

PO Box 2801
Hobbs,NM88240 		NONE PC office needs + general operating support 2,500

Kaira Payen

1314 E Cimarron Rd
Hobbs,NM88240 		NONE I 2018 Maddox Scholar 2,500

Kaitlyn Gallant

PO Box 1743
Eunice,NM88231 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Kanza Society Inc High Plains Public Radio

210 N 7th Street
Garden City,KS67846 		NONE PC general operating support 3,000

Las Cruces First Assembly of God

5605 Bataan Memorial West
Las Cruces,NM88012 		NONE PC missions + community outreach 20,000

Lea County Commission for the Arts Inc

122 W Broadway
Hobbs,NM88240 		NONE PC Readers Theater + general operating support 11,350

Lea County Cowboy Hall of Fame and Western Heritage Center

5317 N Lovington Hwy
Hobbs,NM88240 		NONE PC in honor of Jim Davis 250

Lea County Museum Inc

103 South Love
Lovington,NM88260 		NONE PC in honor of Mayor Robert 5,000

Lea County Swimming and Diving

1100 E Rose Ln
Hobbs,NM88240 		NONE PC to assist with summer dive camp 6,000

Leadership New Mexico

PO Box 35696
Albuquerque,NM871765696 		NONE PC to support statewide leadership development activities for 2022-2023 + Core Group Annual Dinner meeting event in Hobbs 17,500

Los Alamos National Laboratory Foundation

1112 Plaza Del Norte
Espanola,NM84532 		NONE PC Principal Residencies in New Mexico 10,000

Lovington Mainstreet Corporation

PO Box 1418
Lovington,NM88260 		NONE PC Not Vacant Shindig + Smokin' on the Plaza 2023 + Lea Theatre Revitalization 298,758

Lubbock Symphony Orchestra

1313 Broadway Suite 2
Lubbock,TX79401 		NONE PC in appreciation of David Cho 10,000

Marfan Foundation

22 Manhasset Ave
Port Washington,NY11050 		NONE PC in support of Dr. Alan Braverman's gala 1,000

Mason Brown

PO Box 886
Tatum,NM88267 		NONE I Scholarship - 2023 Computer Laptop Recipient + 2022 Maddox Scholar 4,619

Massachusetts Institute of Technology

PO Box 412926
Boston,MA02241 		NONE PC The Educational Justice Initiative 5,000

Maverick Boys and Girls Club of Amarillo Inc

1923 S Lincoln St
Amarillo,TX79109 		NONE PC general operating support 3,000

McCallie School Inc

500 Dodds Ave
Chattanooga,TN37404 		NONE PC the sustaining fund 5,000

Memorial Sloan-Kettering Cancer Center

PO Box 27106
New York,NY10087 		NONE PC in memory of Daniel Markstein 1,000

Michael J Fox Foundation for Parkinsons Research

Grand Central Station PO Box 477
New York,NY101634777 		NONE PC in memory of Harry Lynch 5,000

Mykaylah Thomas

4800 Grey Ghost
Hobbs,NM88240 		NONE I scholarship - 2023 Computer Laptop Recipient + 2022 distinguished scholar 25,934

MyPower Inc

PO Box 1756
Hobbs,NM88241 		NONE PC Boys Mentoring Circles Pilot Program + general operating support 15,000

Nathanyel Rodriguez

4145 North Apodaca Street
Hobbs,NM88240 		NONE I 2019 Maddox Scholar 5,000

Nature Conservancy Inc

1613 Paseo De Peralta 200
Santa Fe,VA87501 		NONE PC general operating support 10,000

New Beginnings NWA

251 W 19th Street
Fayetteville,AR72701 		NONE PC general operating support 1,000

New City School Inc

5209 Waterman Blvd
Saint Louis,MO63108 		NONE PC general operating support 10,000

New Heights Church

3011 N College Ave
Fayetteville,AR72703 		NONE PC general operating support 10,000

New Mexico Junior College

5317 Lovington Highway
Hobbs,NM88240 		NONE GOV NJCAA Outdoor Track and Field Championship + 2022-2023 Exhibits at the Western Heritage Museum 72,397

New Mexico Ramp Project

PO Box 90354
Albuquerque,NM87109 		NONE PC Lea County Wheelchair Ramp Project 20,500

Nor-Lea Hospital District

1600 N Main Ave
Lovington,NM88260 		NONE PC Guardian Angel 25,000

Olivia Bova

1800 N Vega Drive
Hobbs,NM88240 		NONE I 2021 Maddox Scholar 5,000

Olivia Schaap

12923 N Knowles Rd
Hobbs,NM88242 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

One Love Worldwide

1223 El Caminito
Hobbs,NM88240 		NONE PC general operating support 14,000

Opportunity School Inc

1100 S Harrison St
Amarillo,NM79101 		NONE PC general operating support 5,000

Option Inc

PO Box 2213
Hobbs,NM88241 		NONE PC general operating support 500

Palmer Drug Abuse Program of Lea County Inc

PO Box 5185
Hobbs,NM88241 		NONE PC in memory of R. A. Blair + general operating support + special kids program 12,000

Paseo Project Inc

PO Box 1075
Taos,NM87571 		NONE PC general operating support 20,000

Peace at Home Family Shelter

PO Box 10946
Fayetteville,AR72703 		NONE PC Candy Clark Pet Sanctuary 1,000

Peyton Goff

9700 Goff Rd
Hobbs,NM88240 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Pfeiffer University

PO Box 960
Misenheimer,NC28109 		NONE PC general operating support 10,000

Phoenix House - Sexual Assault & Domestic Violence Resource Center

221 E Green Acres Dr
Hobbs,NM88240 		NONE PC general operating support 13,080

Planned Parenthood of the St Louis Region and Southwest Missouri

4251 Forest Park Avenue
Saint Louis,MO63108 		NONE PC general operating support 5,000

Polished Network Inc

PO Box 38112
Dallas,TX75238 		NONE PC in honor of Catherine Gates 500

Project 40 31

122 W Taylor St
Hobbs,NM88240 		NONE PC general operating support 6,500

Puente A La Salud Comunitaria

1311-A East 6th St
Austin,TX78702 		NONE PC general operating support 3,000

Ranley Krueger

PO Box 35
Tatum,NM88267 		NONE I 2021 Maddox Scholar 7,500

Reading Allowed

275 S 19th St Ste 600
Philadelphia,PA19103 		NONE PC general operating support 3,000

Rocky Mountain Youth Corps

PO Box 1960
Ranchos de Taos,NM875571960 		NONE PC general operating support 5,000

Sacramento Methodist Assembly

PO Box 8
Sacramento,NM883470008 		NONE PC general operating support + the Family Life Center + in honor of Paul and Sherry Campbell 70,000

Salem Academy and College

601 S Church Street
WinstonSalem,NC27101 		NONE PC the Susan Leigh Maddox Science and Math Excellence Fund + math & science equipmen +, internships 21,750

Save the Children U S

501 Kings Highway East Suite 400
Fairfield,CT06825 		NONE PC general operating support 5,000

Shelly Driskill

1102 W Cochiti Ave
Hobbs,NM88240 		NONE I 2020 Maddox Scholar 2,500

Sheri's House of Hope Inc

320 N Shipp Ste B
Hobbs,NM882401070 		NONE PC Technology, Marketing, and Professional Development + general operating support 15,000

Sofia Sepulveda

838 W Harrison Ave
Lovington,NM88260 		NONE I scholarship - 2023 Computer Laptop Recipient 2,119

Susan G Komen Breast Cancer Foundation Inc

2316 Randolph Rd
Charlotte,NC28207 		NONE PC general operating support 5,000

Taos Avalanche Center

PO Box 267
El Prado,NM87529 		NONE PC general operating support 5,000

Team Haverhill Inc

PO Box 5034
Haverhill,MA01835 		NONE PC River Ruckus event 2,500

Texas Methodist Foundation

11709 Boulder Ln Ste 100
Austin,TX78726 		NONE PC in memory of Roland McGregor + First Methodist Church of Hobbs Endowment 20,000

Texas Tech Law School Foundation

1802 Hartford
Lubbock,TX79409 		NONE PC Dean's Excellence Fund 10,000

Texas Youth Trapshooters Association

800 Baltimore
Hereford,TX79045 		NONE PC Youth Scholarships Fund 5,000

Town of Tatum

PO Box 156
Tatum,NM88267 		NONE GOV Patio 50,000

Tri-State Shooting Sports Foundation

PO Box 30064
Amarillo,TX791012442 		NONE PC general operating support 10,000

Troy White

934 E Gold Ave
Hobbs,NM88240 		NONE I 2019 Distinguished Scholar 53,212

Turn the Page STL

5501 Delmar Blvd Suite A490
Saint Louis,MO63112 		NONE PC general operating support 12,500

United Way of Greater St Louis Inc

910 N 11th St
Saint Louis,MO63101 		NONE PC BJC HealthCare's fundraising campaign 43,000

United Way of Lea County Inc

320 N Shipp Ste B
Hobbs,NM88240 		NONE PC Capital Campaign support + Employee matching + warming station + wheelchair basketball tournament + Reading Under the Lights Scholastic Book Purchase 327,677

United Way of Northwest Arkansas Inc

PO Box 828
Lowell,AR72745 		NONE PC general operating support 1,000

United Way of Pickens County

PO Box 96
Easley,SC29641 		NONE PC Camp iRock Campaign 5,000

Unity Recovery Solutions

1704 Santa Fe Drive Suite 200
Weatherford,TX76086 		NONE PC Women's Sober Living Home (Unity House) + general operating support 277,816

University of New Mexico Foundation Inc

700 Lomas Blvd NE Ste 108
Albuquerque,NM87131 		NONE PC general operating support 10,000

University of the Southwest

6610 N Lovington Hwy
Hobbs,NM882409120 		NONE PC 2023 Community Prayer Breakfast 500

Uplifting Athletes Inc

PO Box 574
Doylestown,PA18901 		NONE PC 10,000 mile challenge 5,000

USTA Foundation

2500 Westchester Avenue Suite 411
Purchase,NY10577 		NONE PC in memory of Robert Laird Joynt 1,500

VMI Alumni Agencies Board Inc

PO Box 932
Lexington,VA24450 		NONE PC merit and need-based scholarships in memory of Hunter Clarke 500

Wake Forest University

Box 7206 Reynolda Station
WinstonSalem,NC271097206 		NONE PC the law fund and maddox law scholarship 45,000

Wholly Rags

PO Box 1051
Taos,NM875571051 		NONE PC general operating support 5,000

Women's Economic Self-Sufficiency Team

720 E College 2
Roswell,NM88201 		NONE PC general operating support 5,500
Total .................................right arrow 3a 8,871,509
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2023)
Form 990-PF (2023)
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 2,715,724  
4 Dividends and interest from securities .... 901101 2,084 14 4,434,384  
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 47,378 18 883,628  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aPARTNERSHIP OTHER INCOME 		901101 -155,165 14 275,640  
bPARTNERSHIP PORTFOLIO INCOME 901101 42,157 14 1,339,940  
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. -63,546 9,649,316 0
13Total. Add line 12, columns (b), (d), and (e)..................
13
9,585,770
(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 (2023)
Form 990-PF (2023)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID: 23017437
Software Version: 2023v5.1


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Audit and tax compliance services 68,120 28,654 0 9,551

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

TY 2023 DepreciationSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
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 84,230 SL 5.0 16,384      
Office equipment & furniture   279,735 221,674 SL 3.0 32,794 14,344    
Leasehold improvements   285,457 202,957 SL 15.0 7,990      

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

TY 2023 GainLossSaleOtherAssetsSch
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
ST GAIN/(LOSS) FROM PASS-THROUGH ENTITIES   P     667,777       667,777  
LT GAIN/(LOSS) FROM PASS-THROUGH ENTITIES   P     61,418       61,418  
ST GAIN/(LOSS) FROM SECURITIES   P       176,058     -176,058  
LT GAIN/(LOSS) FROM SECURITIES   P     377,869       377,869  

TY 2023 InvestmentsCorpStockSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Name of Stock End of Year Book Value End of Year Fair Market Value
Publicly Traded Securities 91,837,314 105,339,198

TY 2023 InvestmentsOtherSchedule2
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
Alternative Investments FMV 151,585,609 159,216,307

TY 2023 LandEtcSchedule2
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
AUTOMOBILES 81,919 60,470 21,449 21,449
EQUIPMENT & FURNITURE 293,601 236,563 57,038 54,394
LEASEHOLD IMPROVEMENTS 285,457 230,730 54,727 54,727


TY 2023 LegalFeesSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
General legal services 44,846 6,654 0 33,635


TY 2023 OtherAssetsSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
Program-related investment - NMCC 68,099 0 0
Program-related loans 12,605,085 0 0
Other Assets 0 17,538 17,538
Other Tax Refund 0 30,924 30,924


TY 2023 OtherExpensesSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AUTO EXPENSE 10,568 1,568 0 7,926
DUES & SUBSCRIPTIONS 33,117 4,914 0 24,838
GRANT ADMINSTRATION 246,185 0 0 246,185
RECRUITMENT 360 214 0 0
INSURANCE 57,628 8,551 0 43,221
LICENSES & FEES 845 125 0 634
MAINTENANCE AGREEMENTS 152,933 22,691 0 114,700
MEALS & ENTERTAINMENT 59,839 0 0 44,879
MISCELLANEOUS 8,663 1,286 0 6,497
OFFICE EXPENSE 89,044 13,212 0 66,783
POSTAGE 6,226 923 0 4,670
PASS-THROUGH INTEREST EXPENSE 382,605 286,384 0 95,461
TRAINING 41,000 6,083 0 30,750
OTHER PASS-THROUGH INVESTMENT EXPENSES 2,986,781 2,318,262 0 0
PENALTIES NONDEDUCTIBL 5,155 0 0 0


TY 2023 OtherIncomeSchedule2
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
OTHER INCOME FROM PASS-THROUGH INVESTMENTS 1,502,572 1,613,496 0


TY 2023 OtherLiabilitiesSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Description Beginning of Year - Book Value End of Year - Book Value
TAX PAYABLE 0 0


TY 2023 OtherProfessionalFeesSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
CONSULTING FEES 770,693 297,918 0 268,725
INVESTMENT FEES 280,375 166,403 0 0


TY 2023 TaxesSchedule
Name:
JF Maddox Foundation
EIN:
75-6023767
Software ID:
23017437
Software Version:
2023v5.1
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Federal Taxes Paid 95,188 0 0 0
State Taxes Paid 43,038 0 0 0
Tax from pass-through 42,548 6,092 0 0