Yates Foundation
- Assets
- $231.7k
- Revenue
- $191.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4510930
Organization Overview
Yates Foundation is located in Texarkana, TX. The organization was established in 2006. 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 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 12/2021, Yates Foundation generated $191.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $292.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Yates Foundation has awarded 18 individual grants totaling $1,176,350. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHARITABLE FUNDING FOR HEALTH - INCLUDES PROVIDING FUNDS FOR HUMAN WELFARE AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FUNDING FOR SERVICES RENDERED TO CHILDREN AND ADULTS WITH SPECIAL NEEDS ALONG WITH LIFE SKILLS TRAINING. FUNDING ENABLED THE STATEWIDE DENTAL OUTREACH THE ABILITY TO FUND A BUS THAT VISITS ECONOMICALLY DISADVANTAGED CHILDREN TO ENSURE THAT THEY RECEIVE DENTAL SERVICES.
CULTURAL PROGRAMS PROVIDE EDUCATION AND SUPPORT FOR REGIONAL ART AND MUSIC PROGRAMS.
HUMANITARIAN FUNDING PROVIDED FUNDING FOR EDUCATION, TRAINING AND SUPPORT FOR WORK SKILLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Yates President | OfficerTrustee | 1 | $0 |
Sonja Hubbard Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bob Hubbard Vice President | OfficerTrustee | 1 | $0 |
Faellen Yates Director | Trustee | 1 | $0 |
Lauren Hubbard Director | Trustee | 1 | $0 |
Kenzie Floyd Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $190,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,426 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $191,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $292,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $231,727 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $231,727 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $231,727 |
Grants Awarded
Over the last fiscal year, Yates Foundation has awarded $259,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ARKANSAS CHILDREN'S PURPOSE: STATEWIDE DENTAL OUTREACH | $200,000 |
Texarkana, TX PURPOSE: AID PHYSICALLY CHALLENGED - FUND THE GAP | $50,000 |
Texarkana, TX PURPOSE: GENERAL SUPPORT | $9,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Yates Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Major League Baseball Players Tr New York, NY PURPOSE: GENERAL CONTRIBUTION FOR DONEE'S CHARITABLE PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |