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UNIVERSITY OF THE SOUTHWEST FOUNDATION

EIN 23-7424724 HOBBS, NM

Revenue 2024
$1,264,678
Expenses 2024
$632,812

Program services were 99.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
Classification
1000
Street
6610 N LOVINGTON HWY STE 510

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • MICHAEL PEARSON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DR RYAN TIPTON

    CEO

    Total calculated
    $330,793
    From this org
    $0
    From related orgs
    $312,715
    Other
    $18,078
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $301,881 related
    Bonus
    $0 + $10,834 related
    Other
    $0
    Deferred
    $0 + $6,298 related
    Nontaxable benefits
    $0 + $11,780 related
    Filer's total
    $0 + $330,793 related

  • LARRY GANDY

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SUMMER WRIGHT

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LISA HARDISON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RANDY HOBBS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEE ROBERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • R FINN SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL S SPENCER JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR PAULA SMITH

    TREASURER

    Total calculated
    $167,212
    From this org
    $0
    From related orgs
    $160,152
    Other
    $7,060
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,231 related
    Bonus
    $0 + $5,921 related
    Other
    $0
    Deferred
    $0 + $3,203 related
    Nontaxable benefits
    $0 + $3,857 related
    Filer's total
    $0 + $167,212 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $1,264,678
    Expenses
    $632,812
    Contributions
    $319,244
    Grants paid
    $627,262
  • 2023
    Revenue
    $3,066,523
    Expenses
    $523,361
    Contributions
    $1,445,425
    Grants paid
    $523,361
  • 2022
    Revenue
    $1,911,382
    Expenses
    $367,325
    Contributions
    $583,807
    Grants paid
    $364,714

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.