Patrick Family Foundation
- Assets
- $1.9m
- Revenue
- $234.1k
- Investments
- $1.9m
- Employees
- 0
- Location
- Greer, SC
- Founding
- 05/2006
- Data as of
- 12/2021
- EIN
- 20-3309379
Organization Overview
Patrick Family Foundation is located in Greer, SC. The organization was established in 2006. 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. Patrick Family 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 12/2021, Patrick Family Foundation generated $234.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $140.9k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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 2015, Patrick Family Foundation has awarded 129 individual grants totaling $672,000. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Celeste Patrick Secretary | 1 | $0 | |
Charles Patrick III Board Member | 1 | $0 | |
Laura Patrick Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $13 |
| Dividends & Interest | $55,560 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $177,833 |
| Capital Gain Net Income | $177,833 |
| Net ST Capital Gain | $37,088 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $651 |
| Total Revenue | $234,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,173 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,753 |
| Total operating and administrative expenses | $26,426 |
| Contributions, gifts, grants paid | $114,500 |
| Total expenses and disbursements | $140,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,331 |
| Savings and temporary cash investments | $0 |
| 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 | $72,533 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,891,289 |
| 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, Patrick Family Foundation has awarded $114,500 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
MUSC PURPOSE: GENERAL PURPOSE | $20,000 |
BIG BROTHERS BIG SISTERS PURPOSE: GENERAL PURPOSE | $15,000 |
AMERICAN RED CROSS PURPOSE: GENERAL PURPOSE | $12,000 |
SC ENVIRONMENTAL PURPOSE: GENERAL PURPOSE | $10,000 |
ASSOCIATION FOR THE BLIND PURPOSE: GENERAL PURPOSE | $10,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
Darla Moore And Richard Rainwater Foundation Lake City, SC | $538,432,800 | $34,322,461 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Goodnight Educational Foundation Cary, NC | $149,468,750 | $4,782,379 |
Foundation For A Better World Inc Marietta, GA | $167,606,554 | $6,349,362 |
Skeebo Foundation Charlotte, NC | $58,827,572 | $60,108,534 |