Yates Family Charitable Foundation
- Assets
- $590.1k
- Revenue
- $81.6k
- Investments
- $575.4k
- Employees
- 0
- Location
- Basking Ridge, NJ
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 45-4782317
Organization Overview
Yates Family Charitable Foundation is located in Basking Ridge, NJ. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public 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. Yates Family Charitable 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, Yates Family Charitable Foundation generated $81.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 40.7% each year . All expenses for the organization totaled $127.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Yates Family Charitable Foundation has awarded 40 individual grants totaling $881,140. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher M Yates Chief Executive Officer | 0 | $0 | |
Matthew Fleissig Chief Financial Officer | 0 | $0 | |
Marc J Dearth Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,565 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,028 |
| Capital Gain Net Income | $14,483 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $81,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,146 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $565 |
| Total operating and administrative expenses | $2,711 |
| Contributions, gifts, grants paid | $125,000 |
| Total expenses and disbursements | $127,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,695 |
| 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 | $575,398 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $590,093 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $530,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $577,010 |
| Total liabilities | $1,107,010 |
Grants Awarded
Over the last fiscal year, Yates Family Charitable Foundation has awarded $125,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
PRAGER UNIVERSITY FOUNDATION PURPOSE: EDUCATIONAL | $17,500 |
DESIRING GOD MINISTRIES PURPOSE: RELIGIOUS | $17,500 |
SOUTHERN BAPTIST THEOLOGICAL SEMINARY PURPOSE: RELIGIOUS | $2,500 |
NOURISH NEW JERSEY PURPOSE: SOCIAL ASSISTANCE | $4,500 |
MARKET STREET MISSION PURPOSE: RELIGIOUS | $2,500 |
GARDEN STATE INITIATIVE PURPOSE: EDUCATIONAL | $5,000 |