Patton Foundation
- Assets
- $564.4k
- Revenue
- $10.6k
- Investments
- $546.8k
- Employees
- 0
- Location
- Hastings, MN
- Founding
- 07/2003
- Data as of
- 12/2022
- EIN
- 04-3625249
Organization Overview
Patton Foundation is located in Hastings, MN. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Patton Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Patton Foundation has awarded 31 individual grants totaling $300,250. 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
THE FOUNDATIONS ACTIVITIES WERE FOCUSED ON SUPPORTING DIRECT RELIEF TO PEOPLE WHO ARE IN DESPERATE SITUATIONS AND TO LONGER TERM AID IN THE FORM OF TECHNICAL KNOWLEDGE TRANSFER. THE FOUNDATION FUNDED PROGRAMS ALIGNED WITH THE MISSION OF SEEKING DEEPER KNOWLEDGE OF OUR WORLD OR TRANSFERRING OR USING WHAT KNOWLEDGE WE HAVE TO HELP BUILD A BETTER WORLD THROUGH INCREASING PROSPERITY. THE FOUNDATION SUPPORTED LONGER TERM AID ACTIVITIES THROUGH TECHNOSERV.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina N Patton President | 10 | $0 | |
Richard D Patton V. President | 5 | $0 | |
Stephen Antonello Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $13,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,721 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,593 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,627 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,460 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $67,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,534 |
| 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 | $564,361 |
| 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, Patton Foundation has awarded $50,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR ECONOMIC FREEDOM PURPOSE: CHARITABLE | $5,000 |
TECHNO SERVE PURPOSE: CHARITABLE | $10,000 |
CHARLEMAGNE INSTITUTE PURPOSE: CHARITABLE | $10,000 |
HILLSDALE COLLEGE PURPOSE: CHARITABLE | $15,000 |
INSTITUTE FOR JUSTICE PURPOSE: CHARITABLE | $10,000 |