H Patterson Hale Jr Charitable Foundation
- Assets
- $822.8k
- Revenue
- $176.3k
- Investments
- $753.5k
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 00/0000
- Data as of
- 12/2022
- EIN
- 04-3267731
Organization Overview
H Patterson Hale Jr Charitable Foundation is located in Newburyport, MA. The organization was established in 0000. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. H Patterson Hale Jr Charitable Foundation 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 12/2022, H Patterson Hale Jr Charitable Foundation generated $176.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.2% each year . All expenses for the organization totaled $179.3k during the year ending 12/2022. While expenses have increased by 9.2% per year over the past 4 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 2020, H Patterson Hale Jr Charitable Foundation has awarded 13 individual grants totaling $430,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHARITABLE CONTRIBUTIONS MADE TO 6 NON-PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie A Ferlazzo Trustee | 2 | $10,000 | |
Katharine Lord Trustee | 1 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,756 |
| Dividends & Interest | $53,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $114,241 |
| Capital Gain Net Income | $114,241 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $176,277 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,376 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $19,336 |
| Contributions, gifts, grants paid | $160,000 |
| Total expenses and disbursements | $179,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $69,271 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $822,793 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, H Patterson Hale Jr Charitable Foundation has awarded $160,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FIREHOUSE CENTER FOR THE ARTS PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
HISTORICAL SOCIETY OF OLD NEWBURY PURPOSE: UNRESTRICTEDGENERAL SUPPORT | $50,000 |
LOWELL'S BOAT SHOP & MUSUEM PURPOSE: UNRESTRICTEDGENERAL SUPPORT | $50,000 |
YWCA PURPOSE: UNRESTRICTEDGENERAL SUPPORT | $10,000 |