Nonprofit · EIN 85-6120669
LEACO RURAL TELEPHONE EDUCATION FOUNDATION
Also known as BILBREY DAVID A TTEE
Tax-exempt · HOBBS, NM 88240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $23,932 | $15,930 | $8,002 | $36,120 | $3,000 | $33,120 |
| December 31, 2024 | 990-PF | $25,643 | $7,025 | $18,618 | $27,618 | $2,500 | $25,118 |
| December 31, 2023 | 990-PF | $3,837 | $3,825 | $12 | $8,500 | $2,000 | $6,500 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $925
- Interest
- $119
- Other income
- $22,888
Expenses
- Grants and similar amounts paid
- $4,500
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $4,463
Balance sheet and other
- Total assets, start of year
- $27,618
- Total assets, end of year
- $36,120
- Total liabilities, end of year
- $3,000
- Net assets, end of year
- $33,120
- Fair market value of assets
- $36,120
- Qualifying distributions
- $4,463
- Net investment income
- $119
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT GARNETT 220 WEST BROADWAY, HOBBS, NM 88240 | PRESIDENT | 1 | $0 |
| LEON HEMANN 220 WEST BROADWAY, HOBBS, NM 88240 | VICE PRESIDENT | 1 | $0 |
| JOEL KLEIN 220 WEST BROADWAY, HOBBS, NM 88240 | SECRETARY/TREASURER | 1 | $0 |
| REGINA WATSON 220 WEST BROADWAY, HOBBS, NM 88240 | ASST SECRETARY/TREAS | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT GARNETT 220 WEST BROADWAY, HOBBS, NM 88240 | PRESIDENT | 1 | $0 |
| LEON HEMANN 220 WEST BROADWAY, HOBBS, NM 88240 | VICE PRESIDENT | 1 | $0 |
| JOEL KLEIN 220 WEST BROADWAY, HOBBS, NM 88240 | SECRETARY/TREASURER | 1 | $0 |
| REGINA WATSON 220 WEST BROADWAY, HOBBS, NM 88240 | ASST SECRETARY/TREAS | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT GARNETT 220 WEST BROADWAY, HOBBS, NM 88240 | PRESIDENT | 1 | $0 |
| LEON HEMANN 220 WEST BROADWAY, HOBBS, NM 88240 | VICE PRESIDENT | 1 | $0 |
| JOEL KLEIN 220 WEST BROADWAY, HOBBS, NM 88240 | SECRETARY/TREASURER | 1 | $0 |
| REGINA WATSON 220 WEST BROADWAY, HOBBS, NE 88240 | ASST SECRETARY/TREAS | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 220 W BROADWAY ST, HOBBS, NM 88240-6004
- Signed the 990-PF
- ROBERT GARNETT, PRESIDENT
- Phone
- (575) 370-5010
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 85-6120669
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $36,120
- Income (IRS master file)
- $23,932
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $23,932 | $15,930 | $36,120 | IRS |
| 990-PF | December 2024 | $25,643 | $7,025 | $27,618 | IRS |
| 990-PF | December 2023 | $3,837 | $3,825 | $8,500 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-6120669).
Questions about LEACO RURAL TELEPHONE EDUCATION FOUNDATION
- What is the EIN of LEACO RURAL TELEPHONE EDUCATION FOUNDATION?
- The employer identification number (EIN) of LEACO RURAL TELEPHONE EDUCATION FOUNDATION is 85-6120669.
- Is LEACO RURAL TELEPHONE EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3).
- Which annual return does LEACO RURAL TELEPHONE EDUCATION FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of LEACO RURAL TELEPHONE EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEACO RURAL TELEPHONE EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of LEACO RURAL TELEPHONE EDUCATION FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does LEACO RURAL TELEPHONE EDUCATION FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $23,932, expenses of $15,930 and total assets of $36,120 at year end.
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