George & Rita Patterson Foundation
- Assets
- $4.1m
- Revenue
- $86.1k
- Investments
- $1.7m
- Employees
- 0
- Location
- Harrisburg, PA
- Founding
- 11/2000
- Data as of
- 12/2022
- EIN
- 25-6719662
Organization Overview
George & Rita Patterson Foundation is located in Harrisburg, PA. The organization was established in 2000. 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. George & Rita Patterson 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 12/2022, George & Rita Patterson Foundation generated $86.1k 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 (6.7%) each year. All expenses for the organization totaled $255.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George & Rita Patterson Foundation has awarded 173 individual grants totaling $2,201,000. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAKING GRANTS AND CONTRIBUTIONS TO ORGANIZATIONS THAT ARE RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS ORGANIZATIONS DESCRIBED IN THE IRC SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Patterson Jr Trustee | 1 | $0 | |
Nathaniel J Patterson III Trustee | 0 | $0 | |
M Geralyn P Hempt Trustee | 0 | $0 | |
M Sharon P Turner Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $3,656 |
| Dividends & Interest | $80,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,710 |
| Capital Gain Net Income | $36,382 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $210 |
| Total Revenue | $86,067 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $29,238 |
| Contributions, gifts, grants paid | $226,000 |
| Total expenses and disbursements | $255,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,088 |
| Savings and temporary cash investments | $2,376,679 |
| 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 | $265 |
| Total assets | $4,098,302 |
| 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, George & Rita Patterson Foundation has awarded $226,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA MISSION PURPOSE: CONTRIBUTION | $3,000 |
CENTRAL PENN COLLEGE PURPOSE: CONTRIBUTION | $2,000 |
CENTRAL PENNSYLVANIA FOOD BANK PURPOSE: CONTRIBUTION | $3,000 |
COMMONWEALTH FOUNDATION PURPOSE: CONTRIBUTION | $2,000 |
HILLSDALE COLLEGE PURPOSE: CONTRIBUTION | $1,300 |
HOSPICE OF CENTRAL PA PURPOSE: CONTRIBUTION | $2,000 |