Patterson Memorial Association
- Assets
- $837.5k
- Revenue
- $52.9k
- Investments
- $809.0k
- Employees
- 0
- Location
- Reisterstown, MD
- Founding
- 07/1934
- Data as of
- 05/2022
- EIN
- 52-0794603
Organization Overview
Patterson Memorial Association is located in Reisterstown, MD. The organization was established in 1934. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patterson Memorial Association 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 05/2022, Patterson Memorial Association generated $52.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $67.2k during the year ending 05/2022. While expenses have increased by 8.8% 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.
Since 2021, Patterson Memorial Association has awarded 14 individual grants totaling $118,500. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,427 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,443 |
| Capital Gain Net Income | $30,443 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,794 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $768 |
| Printing and publications | $0 |
| Other expenses | $4,670 |
| Total operating and administrative expenses | $7,232 |
| Contributions, gifts, grants paid | $60,000 |
| Total expenses and disbursements | $67,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $28,463 |
| 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 | $809,019 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $837,482 |
| 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, Patterson Memorial Association has awarded $60,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: RELIGIOUS PROGRAM SUPPORT | $12,000 |
MANNA HOUSE INC PURPOSE: PUBLIC SUPPORT | $8,000 |
ADULLUM COMMUNITY HEALTHCARE CENTER PURPOSE: CAPITAL EXPENDITURES FOR | $7,500 |
FRIENDS OF OLD OTTERBEIN PURPOSE: SCHOLARSHIP | $7,500 |
Baltimore, MD PURPOSE: CAPITAL EXPENDITURES FOR | $7,500 |
WESLEY THEOLOGICAL SEMINARY PURPOSE: SCHOLARSHIPS FOR URBAN | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Army Historical Foundation Inc Fort Belvoir, VA | $16,487,331 | $17,384,969 |
Virginia Historical Society Richmond, VA | $152,846,402 | $30,481,870 |
United States Foundation For The Commemoration Of The World Wars Arlington, VA | $17,191,453 | $4,408,831 |
Victims Of Communism Memorial Foundation Inc Washington, DC | $17,153,978 | $4,238,783 |
Us Navy Memorial Foundation Washington, DC | $3,731,955 | $5,647,232 |
Eastern State Penitentiary Historic Site Inc Philadelphia, PA | $22,218,980 | $7,181,696 |
Maryland Historical Society Baltimore, MD | $35,915,742 | $5,321,306 |
Trust For The National Mall Washington, DC | $50,852,844 | $38,863,743 |
Association For The Preservation Of Virginia Antiquities Richmond, VA | $27,559,744 | $5,571,617 |
American Historical Association Washington, DC | $10,775,431 | $4,710,138 |
Robert E Lee Memorial Association Stratford, VA | $32,464,208 | $3,400,673 |
Grand Opera House Inc Wilmington, DE | $14,790,071 | $4,641,667 |