Gates Foundation
- Assets
- $1.2m
- Revenue
- $86.7k
- Investments
- $1.2m
- Employees
- 0
- Location
- Jenison, MI
- Founding
- 03/1999
- Data as of
- 12/2023
- EIN
- 38-3453138
Organization Overview
Gates Foundation is located in Jenison, MI. The organization was established in 1999. 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. Gates 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 12/2023, Gates Foundation generated $86.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $93.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gates Foundation has awarded 71 individual grants totaling $814,542. 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 |
|---|---|---|---|
Sally Pyper President | 0 | $0 | |
Kelly Daldos Secretarytreasurer | 0 | $0 | |
Deborah Tallman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $45,778 |
| Capital Gain Net Income | $45,778 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,712 |
| Total operating and administrative expenses | $22,709 |
| Contributions, gifts, grants paid | $70,868 |
| Total expenses and disbursements | $93,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,053 |
| Savings and temporary cash investments | $46,468 |
| 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 | $1,180,214 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,227,735 |
| 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, Gates Foundation has awarded $70,868 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LAKESHORE ARTS ALLIANCE PURPOSE: GENERAL FUND | $20,000 |
GRAND RAPIDS YOUTH SYMPHONY PURPOSE: GENERAL FUND | $18,720 |
THE ESSENTIAL STORE PURPOSE: GENERAL FUND | $25,000 |
GRAND RAPIDS SANTA CLAUS GIRLS PURPOSE: GENERAL FUND | $7,148 |