Alben F Bates And Clara G Bates Foundation
- Assets
- $2.1m
- Revenue
- $770.9k
- Investments
- $2.0m
- Employees
- 0
- Location
- Elmhurst, IL
- Founding
- 03/1955
- Data as of
- 12/2021
- EIN
- 36-6081072
Organization Overview
Alben F Bates And Clara G Bates Foundation is located in Elmhurst, IL. The organization was established in 1955. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alben F Bates And Clara G Bates Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alben F Bates And Clara G Bates Foundation generated $770.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 20.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Alben F Bates And Clara G Bates Foundation has awarded 1,190 individual grants totaling $4,149,650. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL INCOME RECEIVED WAS DISTRIBUTED DIRECTLY TO CHARITABLE ORGANIZATIONS AS LISTED ON THE ATTACHMENT TO THIS RETURN AND AS SHOWN ON PART 1, LINE 25. NO CONFERENCES, RESEARCH PAPERS, ETC. WERE INVOLVED. ALL DISTRIBUTIONS WERE SIMPLY MAILED OUT TO RECIPIENT ORGANIZATIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josephine B Prasil Vp/sec/treas | 10 | $20,286 | |
Deborah D Collins Vp/asst. Tre | 1 | $0 | |
Patricia B Pace President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $123 |
| Dividends & Interest | $102,858 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $661,450 |
| Capital Gain Net Income | $82,099 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,518 |
| Total Revenue | $770,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,286 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,826 |
| Depreciation | $118 |
| Occupancy | $5,634 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,149 |
| Total operating and administrative expenses | $34,048 |
| Contributions, gifts, grants paid | $1,000,000 |
| Total expenses and disbursements | $1,034,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,957 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,298 |
| Other assets | $0 |
| Total assets | $2,124,380 |
| Accounts payable and accrued expenses | $1,211 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,211 |
Grants Awarded
Over the last fiscal year, Alben F Bates And Clara G Bates Foundation has awarded $1,000,000 in support to 203 organizations.
| Grant Recipient | Amount |
|---|---|
UNCUFF THE INNOCENT PURPOSE: UNRESTRICTED | $30,000 |
GIGI'S PLAYHOUSE - CHICAGO PURPOSE: UNRESTRICTED | $25,000 |
Durham, NC PURPOSE: UNRESTRICTED | $25,000 |
BRAIN & BEHAVIOR RESEARCH FDN PURPOSE: UNRESTRICTED | $25,000 |
MCLEAN HOSPITAL PURPOSE: UNRESTRICTED | $25,000 |
YELLOWSTONEYUKON CONSERVATION PURPOSE: UNRESTRICTED | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |