BERNIE L BATES FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

Marvin Chisolm

Phone

7038017091

Tax Period

2024-01-01 to 2024-12-31

BERNIE L BATES FOUNDATION INC, founded in 1995, is a small nonprofit in the Education sector that reported $205K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 16% operating margin.

Mission

The Bernie L Bates Foundation, Inc. shall award scholarships to college students and college-bound students. The Foundation shall provide support to the less fortunate by assisting to feed, clothe, house, and educate them. The Foundation will support food banks and other helping facilities in the community. The Foundation shall assist in community activities such as talent enrichment and college preparation programs. The Foundation shall seek out opportunities to support and mentor our youth in the community.

Program Service Accomplishments

Program 1

Expenses: $30,000 Revenue: $30,000

Scholarship Recipients: Daija Stewart-Simmons-Howard University-$5,000; Dhruv Yelisetti-University of Pittsburg-$2,500; Tariq Gibbs -SUNY College of Environmental Science-$1,750; Semi Ali-Brown...

Scholarship Recipients: Daija Stewart-Simmons-Howard University-$5,000; Dhruv Yelisetti-University of Pittsburg-$2,500; Tariq Gibbs -SUNY College of Environmental Science-$1,750; Semi Ali-Brown University-$1,750; Cecilla Erinne-Virginia Tech University-$1,750; Walker Camille Harris-Florida A&M University-$1,750; Asiedua Adu-Gyamfi-James Madison University-$1,750; Bryce Gunn-Boston University-$1,750; Adan Eftekhari-Harvard University-$1,500; Mickhaila Murray-Temple University-$1,500; Sumaya Finney-Virginia Tech University-$1,500; Austin Harris-North Carolina A&T State University-$1,500; Anthony Thompson-Morgan State University-$1,500; Charisse Ferguson-Bell-North Carolina A&T State University-$1,500; Verniece Spraggins-Temple University-$1,500; Angelina Chapa-Florida Atlantic University-$1,500

Program 2

Expenses: $25,190 Revenue: $25,190

Social Action and Community Support: Reading for Success-$415; Community Recognition-$1,800; Fairfax County Foster Care-$2,375; Gum Springs/New Hope Housing/PATH Outreach-$295; Thanksgiving...

Social Action and Community Support: Reading for Success-$415; Community Recognition-$1,800; Fairfax County Foster Care-$2,375; Gum Springs/New Hope Housing/PATH Outreach-$295; Thanksgiving Donations/Other-$1,829; Student Awards Program-$7,095; ManUP Mentoring Program-$397; Privilege Award-$10,279; George Mason University Foundation-$1,000 (Grant)

Program 3

Expenses: $1,800 Revenue: $1,900

Talent Hunt Awards: Mathieu Mercer-$1,000; Tariq Gibbs-$500; Robin Newhouse-$250; Miya Grimard-$50

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $191,878

Program Service Revenue $0

Investment Income $13,092

Other Revenue $0

TOTAL REVENUE $204,970

Expense Breakdown

Grants Paid $112,731

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,317

Other Expenses $59,904

TOTAL EXPENSES $172,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,970	$156,496	+0.3%
Expenses	$172,635	$123,102	+0.4%
Net Income	$32,335	$33,394	0.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marvin Chisolm	President	4	Officer Director	$0	$0	$0
Hector Sheppard Jr	Vice President	4	Officer Director	$0	$0	$0
Kenneth M Younger	Secretary	4	Officer Director	$0	$0	$0
Jeffrey L Owens	Treasurer	4	Officer Director	$0	$0	$0
Kerry Bell	Assistant Treasurer	4	Officer Director	$0	$0	$0
Bradford M Caldwell	Assistant Secretary	4	Officer Director	$0	$0	$0
Jerome W Haggins	Director	3	Director	$0	$0	$0
Antonio Coleman	Director	3	Director	$0	$0	$0
Myron B McDaniels	Director	3	Director	$0	$0	$0
Maurice A Cogdell	Director	3	Director	$0	$0	$0
Richard G Morris	Director	3	Director	$0	$0	$0
Ray A Buckner	Director	3	Director	$0	$0	$0
Farrell J Duncombe II	Director	3	Director	$0	$0	$0
James W Cherry	Director	3	Director	$0	$0	$0
Chester B Keller	Director	3	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$204,970	$172,635	$444,245	$32,335
2024	No data	No data	No data	No data
2023	$156,496	$123,102	$451,195	$33,394
2023	$156,496	$123,102	$451,195	$33,394
2022	$130,959	$146,537	$424,377	$-15,578
2021	$108,313	$62,719	$476,223	$45,594
2020	$65,351	$55,422	$382,187	$9,929