Patton Foundation Inc
- Assets
- $653.2k
- Revenue
- $75.9k
- Investments
- $646.1k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/1969
- Data as of
- 07/2022
- EIN
- 23-7026742
Organization Overview
Patton Foundation Inc is located in Charlotte, NC. The organization was established in 1969. 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. Patton 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 07/2022, Patton Foundation Inc generated $75.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $75.7k during the year ending 07/2022. While expenses have increased by 13.2% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jed W Patton Director | 1 | $0 | |
Cindy O Patton Director | 1 | $0 | |
J Darren Patton Director | 1 | $0 | |
John C Patton Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $52 |
| Dividends & Interest | $21,251 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $54,088 |
| Capital Gain Net Income | $54,088 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $510 |
| Total Revenue | $75,901 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,799 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,683 |
| Contributions, gifts, grants paid | $66,000 |
| Total expenses and disbursements | $75,683 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,087 |
| 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 | $653,193 |
| 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 Inc has awarded $66,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLOTTE RESCUE MISSION PURPOSE: UNRESTRICTED GRANT | $15,000 |
SALVATION ARMY PURPOSE: UNRESTRICTED GRANT | $10,000 |
Belmont, NC PURPOSE: UNRESTRICTED GRANT | $10,000 |
INREACH PURPOSE: UNRESTRICTED GRANT | $10,000 |
COMMUNITY CULINARY SCHOOL PURPOSE: UNRESTRICTED GRANT | $10,000 |
HOSPICE & PALLIATICE CARE - CHARLOTTE PURPOSE: UNRESTRICTED GRANT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |