Joseph A Patrick Foundation Inc
- Assets
- $5.7m
- Revenue
- $293.2k
- Investments
- $3.1m
- Employees
- 0
- Location
- Glen Ridge, NJ
- Founding
- 10/1966
- Data as of
- 12/2023
- EIN
- 13-6208825
Organization Overview
Joseph A Patrick Foundation Inc is located in Glen Ridge, NJ. The organization was established in 1966. 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. Joseph A Patrick Foundation Inc 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 12/2023, Joseph A Patrick Foundation Inc generated $293.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $231.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Joseph A Patrick Foundation Inc has awarded 320 individual grants totaling $1,975,185. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stuart K Patrick Treasurer/se | 1 | $0 | |
Joane Patrick President | 1 | $0 | |
Jill C Castro VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,000 |
| Interest on Savings | $51,232 |
| Dividends & Interest | $84,836 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,066 |
| Capital Gain Net Income | $38,066 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,073 |
| Total Revenue | $293,207 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $25,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,308 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,781 |
| Total operating and administrative expenses | $43,017 |
| Contributions, gifts, grants paid | $188,125 |
| Total expenses and disbursements | $231,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,767 |
| Savings and temporary cash investments | $2,606,451 |
| 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 | $10,924 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10,488 |
| Total assets | $5,686,415 |
| 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 | $29,492 |
| Total liabilities | $29,492 |
Grants Awarded
Over the last fiscal year, Joseph A Patrick Foundation Inc has awarded $188,125 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: EDUCATION | $5,000 |
BRANTWOOD CAMP PURPOSE: YOUTH ACTIVITY | $1,000 |
BRIDGEWATER BASEBALL & SOFTBALL PURPOSE: YOUTH ACTIVITY | $500 |
BUILLDERS BEYOND BORDERS PURPOSE: PUBLIC WELFARE | $2,500 |
DANBURY ANIMAL WELFARE SOCIETY PURPOSE: PUBLIC WELFARE | $1,000 |
GAS LAMP PLAYERS PURPOSE: EDUCATION | $500 |