Robert T Bates Foundation
- Assets
- $1.0m
- Revenue
- $139.6k
- Investments
- $260.2k
- Employees
- 0
- Location
- Albia, IA
- Founding
- 01/1993
- Data as of
- 12/2023
- EIN
- 42-1392613
Organization Overview
Robert T Bates Foundation is located in Albia, IA. The organization was established in 1993. 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. Robert T 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 12/2023, Robert T Bates Foundation generated $139.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $150.9k during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond H Davis President | 1 | $0 | |
Daniel D Stocker Vice President | 0.1 | $0 | |
Dan Tometich Director | 0.1 | $0 | |
Loren W Pence Secretary/treasurer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19 |
| Dividends & Interest | $13,818 |
| Net Rental Income | -$7,468 |
| Net Gain on Sale of Assets | $100,123 |
| Capital Gain Net Income | $100,123 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,419 |
| Total Revenue | $139,629 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,612 |
| Depreciation | $1,466 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,640 |
| Total operating and administrative expenses | $34,168 |
| Contributions, gifts, grants paid | $116,777 |
| Total expenses and disbursements | $150,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,429 |
| 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 | $20,589 |
| Investments—mortgage loans | $0 |
| Investments—other | $260,163 |
| Net Land, buildings, and equipment | $706,930 |
| Other assets | $0 |
| Total assets | $1,020,111 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |