Bates Family Foundation Inc
- Assets
- $1.8m
- Revenue
- $424.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Quincy, FL
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 59-3456990
Organization Overview
Bates Family Foundation Inc is located in Quincy, FL. The organization was established in 1999. 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 Inc 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, Bates Family Foundation Inc generated $424.5k in total revenue. All expenses for the organization totaled $201.8k during the year ending 12/2021.
Since 2019, Bates Family Foundation Inc has awarded 159 individual grants totaling $380,500. 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 |
|---|---|---|---|
Richard S Bates President | 5 | $40,000 | |
Janis M Bates Secretary | 5 | $4,000 | |
Mb Bates III Vice President | 1 | $1,000 | |
Deborah L Leonard Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,549 |
| Dividends & Interest | $39,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $369,567 |
| Capital Gain Net Income | $369,567 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $424,453 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1 |
| Taxes | $174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,004 |
| Total operating and administrative expenses | $80,069 |
| Contributions, gifts, grants paid | $121,750 |
| Total expenses and disbursements | $201,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,495 |
| 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 | $293,382 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,827,781 |
| 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 | $93,151 |
| Total liabilities | $93,151 |
Grants Awarded
Over the last fiscal year, Bates Family Foundation Inc has awarded $121,750 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
CENTENARY UNITED METHODIST CHURCH FOUNDATION PURPOSE: PAYMENTS FOR CHURCH PROGRAMS | $42,000 |
WOODS SERVICES - C WOOD'S SCHOOL PURPOSE: PAYMENT FOR EDUCATIONAL PROGRAMS | $15,000 |
GADSDEN ART CENTER AND MUSEUM PURPOSE: PAYMENT FOR CHILDREN'S ART | $14,500 |
Tallahassee, FL PURPOSE: PAYMENTS FOR SERVICES FOR NEEDY INDIVIDUALS AND FAMILIES | $7,500 |
STROZIER LIBRARY FOUNDATION PURPOSE: PAYMENTS FOR EDUCATIONAL PROGRAMS | $4,000 |
Gainesville, FL PURPOSE: PAYMENTS FOR EDUCATIONAL PROGRAMS | $4,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Publix Super Markets Charities Inc Lakeland, FL | $259,322,738 | $58,315,085 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |