Bates Family Foundation
- Assets
- $8.7m
- Revenue
- $114.2k
- Investments
- $8.0m
- Employees
- 0
- Location
- Boise, ID
- Founding
- 09/2015
- Data as of
- 12/2022
- EIN
- 47-4005922
Organization Overview
Bates Family Foundation is located in Boise, ID. The organization was established in 2015. 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. Bates Family 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 12/2022, Bates Family Foundation generated $114.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (52.7%) each year. All expenses for the organization totaled $688.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bates Family Foundation has awarded 61 individual grants totaling $2,575,654. 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 |
|---|---|---|---|
Douglas K Bates President/treasurer | 1 | $0 | |
Brooke B Bates Vice President | 1 | $0 | |
Michael R Lindstrom Secretary | 1 | $0 | |
Brynne Bates Higley Assistant Secretary | 1 | $0 | |
Katie Bates Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $171,506 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$58,149 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $863 |
| Total Revenue | $114,220 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $152 |
| Taxes | $10,679 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $908 |
| Printing and publications | $0 |
| Other expenses | $91 |
| Total operating and administrative expenses | $43,160 |
| Contributions, gifts, grants paid | $645,000 |
| Total expenses and disbursements | $688,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,242 |
| 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 | $2,274,180 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,658 |
| Total assets | $8,695,982 |
| 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, Bates Family Foundation has awarded $645,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LIFTING HANDS INTERNATIONAL PURPOSE: AREA OF GREATEST NEED | $1,000 |
BOISE PUBLIC SCHOOLS FOUNDATION PURPOSE: AREA OF GREATEST NEED | $3,000 |
PRODIGAL SON FOUNDATION PURPOSE: AREA OF GREATEST NEED | $5,000 |
CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS PURPOSE: BYU NATIONAL ADVISORY COUNCIL | $10,000 |
IDAHO HISTORICAL SOCIETY PURPOSE: AREA OF GREATEST NEED | $15,000 |
CHURCH OF JESUS CHRIST OF LATTER DAY SAINTS PURPOSE: AREA OF GREATEST NEED | $45,000 |