Zachary Yates Memorial Foundation Ltd
- Assets
- $55.8k
- Revenue
- $6.7k
- Investments
- $54.6k
- Employees
- 0
- Location
- Ottumwa, IA
- Founding
- 10/2005
- Data as of
- 12/2021
- EIN
- 76-0747870
Organization Overview
Zachary Yates Memorial Foundation Ltd is located in Ottumwa, IA. The organization was established in 2005. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Zachary Yates Memorial Foundation Ltd 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, Zachary Yates Memorial Foundation Ltd generated $6.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.6k during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 4 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED TO HIGH SCHOOL STUDENTS TO ASSIST IN POST-SECONDARY EDUCATION.
CASH DONATED TO 'MAIN STREET OTTUMWA' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
CASH DONATED TO 'AMERICAN HOMEFINDING' FOR THE GENERAL OPERATING FUND FOR THE EXEMPT PURPOSE OF THE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal B Yates President | 2 | $0 | |
Lori L Yates Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,966 |
| Capital Gain Net Income | $3,966 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $38 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $538 |
| Contributions, gifts, grants paid | $2,032 |
| Total expenses and disbursements | $2,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,228 |
| 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 | $54,609 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $55,837 |
| 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, Zachary Yates Memorial Foundation Ltd has awarded $2,032 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
DIVORA ESTIFANOS PURPOSE: SCHOLARSHIP | $500 |
TAVEN FRYE PURPOSE: SCHOLARSHIP | $312 |
AMERICAN HOMEFINDING PURPOSE: GENERAL OPERATING | $250 |
MCKENZIE HOSKINS PURPOSE: SCHOLARSHIP | $245 |
MAIN STREET LIGHTS OF LOVE PURPOSE: GENERAL OPERATING | $125 |
ISAAC PALEN PURPOSE: SCHOLARSHIP | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Bentson Foundation Wayzata, MN | $107,689,978 | $6,021,397 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Foundation For Educational Funding Lincoln, NE | $161,530,703 | $9,132,107 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |