Leaco Rural Telephone
HOBBS, NM EIN: 85-6120669
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$28K
+224.9% YoY
Annual Giving
$4K
+75.0% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$583.333
+16.7% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $27,618 | $8,500 | $7,488 |
| Revenue | $25,643 | $3,837 | $803 |
| Expenses | $7,025 | $3,825 | $1,800 |
| Qualifying Distributions | $3,913 | $2,413 | $4,400 |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,061 | $379 | $412 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Leaco Rural Telephone fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT GARNETT | PRESIDENT | 1 | — |
| LEON HEMANN | VICE PRESIDENT | 1 | — |
| JOEL KLEIN | SECRETARY/TREASURER | 1 | — |
| REGINA WATSON | ASST SECRETARY/TREAS | 1 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
New Mexico $18K (100%)
States
Cities
DexterHobbsLovingtonTatum
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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