Proctor Patterson Foundation
- Assets
- $6.0m
- Revenue
- $313.4k
- Investments
- $6.0m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 10/2004
- Data as of
- 12/2022
- EIN
- 30-6081504
Organization Overview
Proctor Patterson Foundation is located in Pittsburgh, PA. The organization was established in 2004. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Proctor 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, Proctor Patterson Foundation generated $313.4k 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 (12.5%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Proctor Patterson Foundation has awarded 147 individual grants totaling $9,481,434. 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
ISSUED SCHOLARSHIPS TO VARIOUS STUDENTS TO STUDY AT VARIOUS INSTITUTIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $178,678 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,676 |
| Capital Gain Net Income | $134,676 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $313,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $81,902 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,494 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,325 |
| Total operating and administrative expenses | $133,721 |
| Contributions, gifts, grants paid | $1,375,108 |
| Total expenses and disbursements | $1,508,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,399 |
| 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 | $5,080,130 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,019,818 |
| 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, Proctor Patterson Foundation has awarded $1,375,108 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ALYSSA STEIN PURPOSE: SCHOLARSHIP | $10,000 |
ASIA PARKER PURPOSE: SCHOLARSHIP | $10,000 |
FINANCIAL HARDSHIP GRANTS TO NEEDY & PURPOSE: FINANCIAL HARDSHIP GRANTS & | $1,262,576 |
CEILIA CERVANTES PURPOSE: SCHOLARSHIP | $10,000 |
JENNIFER PENTLAND PURPOSE: SCHOLARSHIP | $5,000 |
KASRA KAZEROUNIAN PURPOSE: SCHOLARSHIP | $10,000 |