Patterson Family Foundation
- Assets
- $1.5b
- Revenue
- $1.2b
- Investments
- $1.5b
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 20-7550081
Organization Overview
Patterson Family Foundation is located in Kansas City, MO. The organization was established in 2009. 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. Patterson 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, Patterson Family Foundation generated $1.2b in total revenue. All expenses for the organization totaled $28.4m during the year ending 12/2021. While expenses have increased by 75.9% per year over the past 3 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, Patterson Family Foundation has awarded 1,133 individual grants totaling $59,239,190. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PROVIDED PANDEMIC RELIEF IN THE FORM OF PERSONAL PROTECTIVE EQUIPMENT TO SCHOOLS, GOVERNMENT AGENCIES IN RURAL AREAS, AND OTHER HEALTH ORGANIZATIONS IN AN EFFORT TO STOP THE SPREAD OF COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Patterson Smith Trustee | 32 | $100,001 | |
Clay Patterson Trustee | 2 | $0 | |
Cortney Patterson Barton Trustee | 2 | $0 | |
William Patterson Trustee | 2 | $0 | |
Andrea Kimball Legal Counsel | 10 | $191,201 | |
Jessica Hunt Vice President | 40 | $109,521 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jpmorgan Chase Bank | 12/30/21 | $1,603,000 |
Wells Fargo Llc | 12/30/21 | $61,144 |
Pandi Capital Llc | 12/30/21 | $161,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $986,807,964 |
| Interest on Savings | $0 |
| Dividends & Interest | $12,376,287 |
| Net Rental Income | $1 |
| Net Gain on Sale of Assets | $172,960,152 |
| Capital Gain Net Income | $173,062,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,483,768 |
| Total Revenue | $1,174,628,172 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,001 |
| Other employee salaries and wages | $669,883 |
| Pension plans, employee benefits | $161,920 |
| Interest | $438 |
| Taxes | $455,940 |
| Depreciation | $29,319 |
| Occupancy | $111,457 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $226,625 |
| Total operating and administrative expenses | $6,093,733 |
| Contributions, gifts, grants paid | $22,296,325 |
| Total expenses and disbursements | $28,390,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,494,539 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $24,291 |
| Net other notes and loans receivable | $2,828,008 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,440,752,124 |
| Net Land, buildings, and equipment | $10,224,374 |
| Other assets | $87,353 |
| Total assets | $1,526,002,008 |
| Accounts payable and accrued expenses | $443 |
| 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 | $443 |
Grants Awarded
Over the last fiscal year, Patterson Family Foundation has awarded $37,927,831 in support to 615 organizations.
| Grant Recipient | Amount |
|---|---|
STANBERRY R-II SCHOOL DISTRICT PURPOSE: SCHOOL PANDEMIC RELIEF - 2021 | $3,600 |
TRINITY LUTHERAN SCHOOL PURPOSE: SCHOOL PANDEMIC RELIEF - 2021 | $1,590 |
USD 256 MARMATON VALLEY SCHOOL DISTRICT PURPOSE: SCHOOL PANDEMIC RELIEF - 2021 | $3,750 |
USD 107 ROCK HILLS PURPOSE: SCHOOL PANDEMIC RELIEF - 2021 | $3,260 |
TRINITY LUTHERAN ELEMENTARY SCHOOL OF ATCHISON PURPOSE: SCHOOL PANDEMIC RELIEF - 2021 | $1,950 |
USD 209 MOSCOW PUBLIC SCHOOLS PURPOSE: SCHOOL PANDEMIC RELIEF - 2021 | $2,040 |