Zachary Yates Memorial Foundation
Zachary Yates Memorial Foundation is a private foundation focused on Education, based in Ottumwa, IA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $67K in total assets. In 2025, it awarded 5 grants totaling $4K. Net investment income was $9K.
Key facts about Zachary Yates Memorial Foundation
In short: Zachary Yates Memorial Foundation gave $4K across 5 grants in 2025 (avg $835), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 76-0747870
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $4,175
- Grants made (2025)
- 5
- Average grant
- $835
- Median grant
- $600
- Total assets
- $66,816
- Primary geography
- Iowa (71% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$67K
+5.9% YoY
Annual Giving
$4K
+13.7% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$835
+13.7% YoY
Under IRS private-foundation payout rules, Zachary Yates Memorial Foundation reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
How Zachary Yates Memorial Foundation gives
- Giving held roughly steady from 2022 to 2025 (+15%). Method
- In 2025 it paid out 113% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2K (2021) to $5K (2020). In 2025 it made 5 grants totaling $4K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Seton Catholic School ($2K). Together the top 5 received $4K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 29 grants of 29 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Seton Catholic School Ottumwa, IA | Educational Support | $1,650 |
| St Judes Memphis, TN | General Operating | $1,200 |
| American Gothic Performing Arts Ottumwa, IA | Performing Arts Scholarships | $600 |
| American Home Finding Association Ottumwa, IA | General Operating | $600 |
| Main Street Lights of LOV Ottumwa, IA | General Operating | $125 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $66,816 | $63,068 | $60,591 |
| Revenue | $8,931 | $6,936 | $6,446 |
| Expenses | $5,183 | $4,459 | $3,820 |
| Qualifying Distributions | $5,183 | $3,672 | $3,125 |
| Net Investment Income | $8,881 | $5,936 | $2,696 |
| Distributable Amount | $4,595 | $4,159 | $3,698 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 19, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Zachary Yates Memorial Foundation is led by Neal B. Yates, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Neal B. Yates
President
On filings since 2020
2 hrs/week
No compensation reported
Lori L. Yates
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Former officers (1)
- Former: Timothy F. Terry (2020) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Zachary Yates Memorial Foundation
How much does Zachary Yates Memorial Foundation give each year?
Zachary Yates Memorial Foundation gave $4K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 5 grants.
What is Zachary Yates Memorial Foundation's typical grant size?
Zachary Yates Memorial Foundation's median grant in 2025 was $600, and its average grant was $835, across 5 grants on its 2025 IRS Form 990-PF.
Where does Zachary Yates Memorial Foundation give grants?
Zachary Yates Memorial Foundation gives mostly in Iowa: 71% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Tennessee (29%). The most frequent recipient cities were Ottumwa, IA (4 grants).
Does Zachary Yates Memorial Foundation give general operating support?
Yes: 60% of Zachary Yates Memorial Foundation's 2025 grants with a stated purpose (3 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Zachary Yates Memorial Foundation's largest grantees?
Zachary Yates Memorial Foundation's largest 2025 grantees include Seton Catholic School ($1,650), St Judes ($1,200) and American Gothic Performing Arts ($600), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is Zachary Yates Memorial Foundation?
Zachary Yates Memorial Foundation reported $67K in total assets on its 2025 IRS Form 990-PF. It paid out $5K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is Zachary Yates Memorial Foundation?
Zachary Yates Memorial Foundation is a private foundation focused on Education, based in Ottumwa, IA. It holds $67K in total assets as of 2025.
What is Zachary Yates Memorial Foundation's EIN?
Zachary Yates Memorial Foundation's EIN (Employer Identification Number) is 76-0747870. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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