Georgine E Bates Memorial Fund Inc
- Assets
- $1.7m
- Revenue
- $48.7k
- Investments
- $1.6m
- Employees
- 0
- Location
- Urbana, OH
- Founding
- 03/1980
- Data as of
- 12/2022
- EIN
- 34-1296531
Organization Overview
Georgine E Bates Memorial Fund Inc is located in Urbana, OH. The organization was established in 1980. 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. Georgine E Bates Memorial Fund 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 12/2022, Georgine E Bates Memorial Fund Inc generated $48.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.0%) each year. All expenses for the organization totaled $102.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Georgine E Bates Memorial Fund Inc has awarded 85 individual grants totaling $592,750. 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 |
|---|---|---|---|
James R Wilson Treasurer | 0 | $3,000 | |
Judy A Markin Secretary | 0 | $3,000 | |
Tim Bunnell President | 0 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $15,079 |
| Dividends & Interest | $32,862 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $647 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $122 |
| Total Revenue | $48,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,285 |
| Total operating and administrative expenses | $21,086 |
| Contributions, gifts, grants paid | $81,500 |
| Total expenses and disbursements | $102,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,079 |
| 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 | $261 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $13,258 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,651,839 |
| 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, Georgine E Bates Memorial Fund Inc has awarded $81,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
KINGSCREEK BAPTIST CHURCH PURPOSE: RELIGIOUS | $13,000 |
CANCER ASSN OF CHAMPAIGN COUNTY PURPOSE: COMMUNITY SERVICES | $4,000 |
CARING KITCHEN PURPOSE: COMMUNITY SERVICES | $4,000 |
KINGSCREEK UNITED METHODIST CHURCH PURPOSE: RELIGIOUS | $14,000 |
WEST LIBERTY SALEM LOCAL SCHOOLS PURPOSE: EDUCATIONAL | $12,000 |
JUNIOR ACHIEVEMENT PURPOSE: CIVIC | $3,000 |