Harold H Bate Foundation Inc
- Assets
- $28.4m
- Revenue
- $3.4m
- Investments
- $25.9m
- Employees
- 0
- Location
- New Bern, NC
- Founding
- 05/1999
- Data as of
- 12/2021
- EIN
- 56-2121302
Organization Overview
Harold H Bate Foundation Inc is located in New Bern, NC. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Harold H Bate Foundation 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 12/2021, Harold H Bate Foundation Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Harold H Bate Foundation Inc has awarded 610 individual grants totaling $12,891,001. 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 |
|---|---|---|---|
Donald Brinkley Board Member | 6 | $9,250 | |
Robert Mattocks Board Member | 3 | $8,250 | |
Gary Baldree Sr Board Member | 3 | $8,250 | |
Marvin Mullinix Board Member | 3 | $8,250 | |
Silas Seymour Board Member | 3 | $8,250 | |
David Hinson Jr Board Member | 3 | $3,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Financial Advisors | 12/30/20 | $82,329 |
Stifel Financial Advisors | 12/30/20 | $58,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $29,010 |
| Dividends & Interest | $519,417 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,797,631 |
| Capital Gain Net Income | $2,797,631 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,446,058 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,250 |
| Other employee salaries and wages | $50,815 |
| Pension plans, employee benefits | $6,838 |
| Interest | $0 |
| Taxes | $21,346 |
| Depreciation | $7,943 |
| Occupancy | $4,352 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $56,560 |
| Total operating and administrative expenses | $399,639 |
| Contributions, gifts, grants paid | $1,806,224 |
| Total expenses and disbursements | $2,205,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,716 |
| Savings and temporary cash investments | $1,908,487 |
| 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 | $229,979 |
| Other assets | $44,851 |
| Total assets | $28,370,116 |
| 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 | $2,185 |
| Total liabilities | $2,185 |
Grants Awarded
Over the last fiscal year, Harold H Bate Foundation Inc has awarded $1,806,224 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
Greenville, NC PURPOSE: SUPPORT OF SCHOLARSHIPS, STUDENT EMERGENCY NEEDS, AND REGIONAL OUTREACH AT ECU; DOWDY FICKLIN STADIUM RENOVATION PROJECT | $681,600 |
New Bern, NC PURPOSE: SCHOLARSHIPS | $120,000 |
TWIN RIVERS YMCA PURPOSE: FINANCIAL ASSISTANCE PROGRAM | $100,000 |
New Bern, NC PURPOSE: INDIVIDUAL SCHOOL GRANTS - BEGINNING TEACHER STORE | $60,000 |
CRAVEN COUNTY PARKS AND RECREATION PURPOSE: WEST CRAVEN EXERCISE AREA; YOUTH FUNDING/INCLUSIVE SWING SETS FOR CREEKSIDE AND ROCKY RUN | $57,100 |
JONES SENIOR HIGH SCHOOL PURPOSE: BACK TO THE FUTURE | $56,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |
Manning Family Foundation Charlottesville, VA | $313,144,000 | $17,216,650 |
Fellowship Foundation Inc Arlington, VA | $7,901,984 | $7,885,643 |