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Project 40 31 INC FY2023 filing

Tax-deductible

Hobbs, NM501(c)(3)Human Services EIN 27-4203557Revenue $615K in FY2023Latest return filed Nov 7, 2025

On file with the IRSPo Box 5630, 88241-5630 · Hobbs, NMTax-exempt since Jun 2011Publicly supported charity — 170(b)(1)(A)(vi)

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To raise funds for irs aproved non-profit entities that support the terminally ill, underpriviledged children and individuals with special needs or drug abuse and others. The organization holds an annual golf tournament and auction.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $10K a year · 2% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$615K
+50% vs prior year
Spent
$589K
To programs
99%
Net assets
$91K
By yearFY2021–FY2024
Revenue
$615K
FY2023▲ +50%
Tap a bar for its year
Revenue by fiscal year
FY2021$184K
FY2022$410K
FY2023$615K
FY2023$801K
FY2024$745K
Expenses
$589K
FY2023▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2021$172K
FY2022$384K
FY2023$589K
FY2023$771K
FY2024$768K
Net assets
$91K
FY2023▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2021$39K
FY2022$66K
FY2023$91K
FY2023$63K
FY2024$41K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $585K Management & general 1% · $5K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Bridgette Curtis
Board Member
$0Pt VII · Sec A
Scott Curtis
Board Member
$0Pt VII · Sec A
Clay Goodwin
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Lee Roberson
Secretary
$0Pt VII · Sec A
Melissa Soto
Treasurer
$0Pt VII · Sec A
Hayden Holub
Vice President
$0Pt VII · Sec A
See Project 40 31 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds through an annual golf tournament and auction for charities supporting the terminally ill, children, and those with special needs.

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Provided by the organization

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1 program · $585K · in their own filed words · FY2022
01

The organization held an annual golf tournament to raise funds for the make a wish foundation, habitat for humanity, palmer drug abuse, L.A.C.E.S. Pto, light of lea county, hearts desire, unity recovery solutions, university of the southwest, boys and girls club, and other irs approved non-profit organizations.

$585Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
J F Maddox FoundationFY2023$6K
Amazonsmile FoundationFY2023$11
Total grants receivedfrom 2 funders$7K
Grants paid · 23 grants · $1.7M · 2020–2024
Make-A-Wish Foundation of New MexicoNM · FY2024$400,000
Boys & Girls Club of Hobbs INCNM · FY2024$75,000
Palmer Drug Abuse Program of Lea County INCNM · FY2024$60,000
Habitat for Humanity of Hobbs NMNM · FY2024$50,000
Crosswinds Community ChurchFY2024$40,000
Lovington Municipal School DistrictFY2024$30,000
Light of Lea CountyNM · FY2024$25,000
Unity Recovery INCNM · FY2024$15,000
Hearts Desire INCNM · FY2024$15,000
Option INCNM · FY2024$10,000
Isaiahs Soup Kitchen INCNM · FY2024$10,000
Lovington Food CoalitionNM · FY2024$10,000
Make-A-Wish Foundation of New MexicoNM · FY2023$400,000
Boys & Girls Club of Hobbs INCNM · FY2023$100,000
Palmer Drug Abuse Program of Lea County INCNM · FY2023$75,000
Habitat for Humanity of Hobbs NMNM · FY2023$60,000
Lovington Municipal School DistrictFY2023$40,000
Light of Lea CountyNM · FY2023$35,000
See all 23 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$615K
Ln 12
Gifts and grantsLn 1h$615K
Money outPt IX
$589K
Ln 25
Programscol B$585K
Managementcol C$5K
Owns and owesPt X
$91K
net assets · Ln 32
Cash and savingsLn 1–2$75K
Total assetsLn 16$91K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$615K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$615K
Assets in detailPt X, end of year
CashLn 1$75K
Cash and savings togetherLn 1–2$75K
Total assetsLn 16$91K
LiabilitiesLn 26$0
Net assetsLn 32$91K
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$61K$75K
Total assetsLn 16$66K$91K
LiabilitiesLn 26$0$0
Net assetsLn 32$66K$91K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$550K$550K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$2K$2K
InsuranceLn 23$474$474
All other expensesLn 24e$35K$35K
Total functional expensesLn 25$589K$585K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 7, 2025 $745K$768K−$23K$41K 990 PDF
FY2023 ViewingFiled with the IRS Oct 4, 2023 $615K$589K$26K$91K 990 PDF
FY2022Filed with the IRS Nov 15, 2022 $410K$384K$26K$66K 990 PDF
FY2021Filed with the IRS Oct 28, 2021 $184K$172K$12K$39K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $614,775 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $410,135$614,775
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $410,135$614,775
I-13 Grants and similar amounts paidPrior year $342,900$550,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $40,738$39,088
I-18 Total expensesPrior year $383,638$589,088
I-19 Revenue less expensesPrior year $26,497$25,687
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $614,775 across 10 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$614,775
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$614,775
Part IX · Statement of functional expenses $589,088 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $550,000$550,000
IX-12 Advertising and promotionManagement $2,131$2,131
IX-13 Office expensesManagement $1,919$1,919
IX-23 InsuranceManagement $474$474
IX-24e All other expensesPrograms $34,564$34,564
IX-25 Total functional expensesPrograms $584,564 · Management $4,524 · Fundraising $0$589,088
Part X · Balance sheet $91,218 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $60,731$74,618
X-4 Accounts receivableStart of year $4,800$16,600
X-16 Total assetsStart of year $65,531$91,218
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $65,531$91,218
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $65,531$91,218
X-33 Total liabilities and net assetsStart of year $65,531$91,218
Part XI · Reconciliation of net assets $91,218 net assets at year end
XI-1 Total revenue$614,775
XI-2 Total expenses$589,088
XI-3 Revenue less expenses$25,687
XI-4 Net assets at start of year$65,531
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$91,218

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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