BERNIE L BATES FOUNDATION INC

EIN: 541752985 501(c)(3) Education

Alexandria, VA

Total Revenue
$204,970
Total Expenses
$172,635
Total Assets
$444,245
Net Assets
$400,798
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
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 micro nonprofit in the Education sector that reported $65K in total revenue in fiscal year 2020. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $10K, a strong 15% operating margin.

Mission

The Foundation awards scholarships to college bound students and college students; sponsors and supports community based organizations and schools focused on educational activities and quality of life improvements. Foundation supports Food Banks and community activities such as talent enrichment, college preparation programs, and support and mentor youth.

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Trantor Score

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

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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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Governance

Voting Members
15
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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
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
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