Zachary Yates Memorial Foundation is a private foundation focused on Education, based in OTTUMWA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $63K in total assets. In 2024, it awarded 5 grants totaling $4K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$63K
+4.1% YoY
Annual Giving
$4K
+17.5% YoY
Grant Count
5
+150.0% YoY
Avg Grant Size
$734.4
-53.0% YoY
Under IRS private-foundation payout rules, Zachary Yates Memorial Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About Zachary Yates Memorial Foundation
Based on IRS filings
Zachary Yates Memorial Foundation is a private foundation focused on Education, based in OTTUMWA, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $63K in total assets. In 2024, it awarded 5 grants totaling $4K. Net investment income was $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $63,068 | $60,591 | $57,965 |
| Revenue | $6,936 | $6,446 | $6,329 |
| Expenses | $4,459 | $3,820 | $4,201 |
| Qualifying Distributions | $3,672 | $3,125 | $3,625 |
| Net Investment Income | $5,936 | $2,696 | $3,229 |
| Distributable Amount | $4,159 | $3,698 | $3,535 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Seton Catholic School ($1,547), St Judes ($1,000), American Gothic Performing Arts ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| MAIN STREET LIGHTS OF LOV OTTUMWA, IA | GENERAL OPERATING | $125 |
| ST JUDES MEMPHIS, TN | GENERAL OPERATING | $1,000 |
| SETON CATHOLIC SCHOOL OTTUMWA, IA | EDUCATIONAL SUPPORT | $1,547 |
| AMERICAN GOTHIC PERFORMING ARTS OTTUMWA, IA | PERFORMING ARTS SCHOLARSHIPS | $500 |
| AMERICAN HOME FINDING ASSOCIATION OTTUMWA, IA | GENERAL OPERATING | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NEAL B YATES | PRESIDENT | 2 | — |
| LORI L YATES | TREASURER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Zachary Yates Memorial Foundation?
Zachary Yates Memorial Foundation is a private foundation focused on Education, based in OTTUMWA, IA. It holds $63K in total assets as of 2024.
How large is Zachary Yates Memorial Foundation?
As of 2024, Zachary Yates Memorial Foundation holds $63K in total assets with $7K in annual revenue. It awarded 5 grants totaling $4K in 2024.
Where does Zachary Yates Memorial Foundation operate?
Zachary Yates Memorial Foundation has awarded grants in Iowa, North Carolina, Tennessee.
What size grants does Zachary Yates Memorial Foundation award?
In 2024, Zachary Yates Memorial Foundation awarded 5 grants totaling $4K — an average of about $734.4 per grant, based on its IRS Form 990 filings.
How much is Zachary Yates Memorial Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Zachary Yates Memorial Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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