Ralph E Bates Charitable Foundation
- Assets
- $42.5k
- Revenue
- $10.0k
- Investments
- $39.6k
- Employees
- 0
- Location
- Manchester, MA
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-6615332
Organization Overview
Ralph E Bates Charitable Foundation is located in Manchester, MA. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Ralph E Bates 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, Ralph E Bates Charitable Foundation generated $10.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (46.0%) each year. All expenses for the organization totaled $860.0 during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (60.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $861 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,879 |
| Capital Gain Net Income | $7,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $9,961 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $860 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,874 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $42,470 |
| 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 |
Grants Awarded
Over the last fiscal year, Ralph E Bates Charitable Foundation has awarded $1,459,609 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BEVERLY BOOTSTRAPS PURPOSE: FOOD PANTRY SUPPORT | $634,609 |
CAPE ANN YMCA PURPOSE: MISSION SUPPORT | $650,000 |
GRACE CENTER INC PURPOSE: MISSION SUPPORT | $50,000 |
OLD FARM ROCKPORT PURPOSE: MISSION SUPPORT | $25,000 |
WELLSPRING HOUSE PURPOSE: MISSION SUPPORT | $100,000 |