Pattee Foundtion
- Assets
- $21.6m
- Revenue
- $2.2m
- Investments
- $12.7m
- Employees
- 0
- Location
- Monmouth, IL
- Founding
- 01/1984
- Data as of
- 12/2023
- EIN
- 37-1138998
Organization Overview
Pattee Foundtion is located in Monmouth, IL. The organization was established in 1984. 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. Pattee Foundtion 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 12/2023, Pattee Foundtion generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Pattee Foundtion has awarded 62 individual grants totaling $17,850,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Defenbaugh Vice President | 8 | $27,500 | |
Marcum A Spears President | 15 | $27,500 | |
Alice J Defenbaugh Vice President | 8 | $21,300 | |
Jennifer Kinneer Secretary | 15 | $33,700 | |
Donald G Spears Treasurer | 8 | $27,500 | |
Daniel Defenbaugh Vice President | 8 | $27,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,524 |
| Dividends & Interest | $929,899 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,247,949 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $192,300 |
| Other employee salaries and wages | $27,700 |
| Pension plans, employee benefits | $2,119 |
| Interest | $0 |
| Taxes | $40,034 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $150,421 |
| Total operating and administrative expenses | $412,574 |
| Contributions, gifts, grants paid | $2,050,000 |
| Total expenses and disbursements | $2,462,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $957,345 |
| 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 | $7,896,497 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $21,563,913 |
| 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, Pattee Foundtion has awarded $2,050,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONMOUTH PARK DISTRICT PURPOSE: CONSTRUCTION OF A COMMUNITY SOCCER FIELD | $525,000 |
JAMIESON COMMUNITY CENTER PURPOSE: COMMUNITY DAYCARE CENTER AND ENDOWMENT THEREOF | $1,525,000 |