George A Bates Memorial Foundation
- Assets
- $4.6m
- Revenue
- $150.5k
- Investments
- $4.4m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 03/1991
- Data as of
- 12/2022
- EIN
- 36-3747609
Organization Overview
George A Bates Memorial Foundation is located in Chicago, IL. The organization was established in 1991. According to its NTEE Classification (C36) the organization is classified as: Forest Conservation, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George A Bates Memorial 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, George A Bates Memorial Foundation generated $150.5k 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 (8.2%) each year. All expenses for the organization totaled $428.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George A Bates Memorial Foundation has awarded 109 individual grants totaling $1,934,000. 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 H Stacke Trustee | 0.25 | $2,500 | |
Constance Bates Macgregor Trustee | 0.25 | $2,500 | |
Michael C Murray PHD Trustee | 0.25 | $2,500 | |
Lesley B Macgregor Trustee | 0.25 | $2,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,520 |
| Capital Gain Net Income | $50,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $150,450 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $10,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $52 |
| Total operating and administrative expenses | $70,963 |
| Contributions, gifts, grants paid | $357,000 |
| Total expenses and disbursements | $427,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $217,490 |
| 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 | $1,399,675 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,613,302 |
| 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, George A Bates Memorial Foundation has awarded $357,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BREHM SCHOOL FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
HOPE LIGHT FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
INFANT WELFARE SOCIETY OF CHICAGO PURPOSE: GENERAL OPERATING | $79,000 |
OAKEN ACRES WILDLIFE CENTER PURPOSE: GENERAL OPERATING | $103,000 |
SKAGGS FOUNDATION PURPOSE: GENERAL OPERATING | $25,000 |
SOUTHERN ILLINOIS HEALTHCARE CANCER INSTITUTE PURPOSE: GENERAL OPERATING | $25,000 |