Yates Foundation
- Assets
- $161.1k
- Revenue
- $163.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Texarkana, TX
- Founding
- 06/2006
- Data as of
- 12/2022
- 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 12/2022, Yates Foundation generated $163.9k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $234.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Yates Foundation has awarded 24 individual grants totaling $1,151,850. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
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 | 1 | $0 | |
Bob Hubbard Vice President | 1 | $0 | |
Sonja Hubbard Secretary/treasurer | 1 | $0 | |
Faellen Yates Director | 1 | $0 | |
Lauren Hubbard Director | 1 | $0 | |
Kenzie Floyd Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $163,860 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $163,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9 |
| Contributions, gifts, grants paid | $234,500 |
| Total expenses and disbursements | $234,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,078 |
| 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 | $161,078 |
| 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, Yates Foundation has awarded $234,500 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TRAHC PURPOSE: GENERAL SUPPORT | $10,000 |
TEMPLE MEMORIAL PURPOSE: AID PHYSICALLY CHALLENGED | $5,000 |
ARKANSAS CHILDREN'S PURPOSE: STATEWIDE DENTAL OUTREACH | $200,000 |
ALZHEIMER'S ALLIANCE TRI-STATE PURPOSE: AID FAMILY OF ILL PATIENTS | $5,000 |
HOSPICE OF TEXARKANA PURPOSE: AID FAMILY OF ILL PATIENTS | $5,000 |
WOMEN FOR TEXAS A&M TEXARKANA PURPOSE: GENERAL SUPPORT | $5,000 |