Painters And Allied Trades For Childrens Hope Foundation
- Assets
- $1.4m
- Revenue
- $486.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Hanover, MD
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 52-2318869
Organization Overview
Painters And Allied Trades For Childrens Hope Foundation is located in Hanover, MD. The organization was established in 2001. According to its NTEE Classification (T30) the organization is classified as: Public 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. Painters And Allied Trades For Childrens Hope 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 12/2021, Painters And Allied Trades For Childrens Hope Foundation generated $486.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $439.2k during the year ending 12/2021. While expenses have increased by 0.4% per year over the past 7 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 2015, Painters And Allied Trades For Childrens Hope Foundation has awarded 116 individual grants totaling $1,235,830. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS DEDICATED TO SUPPORTING YOUTH INSTITUTIONS AND PROGRAMS TO HELP ENSURE THAT CHILDREN IN NEED HAVE THE OPPORTUNITIES TO LIVE LIVES OF PLAY AND COMFORT THAT EVERY CHILD DESERVES.SUPPORTED BY THE MEN AND WOMEN OF THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES AND OTHER GENEROUS DONORS, TO DATE THE PATCH FOUNDATION HAS GIVEN OVER $1 MILLION TO YOUTH ORGANIZATIONS THROUGHOUT THE UNITED STATES AND CANADA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PATCH FOUNDATION WAS ESTABLISHED TO IMPROVE THE LIVES OF CHILDREN IN NEED AND TO ENSURE THAT THEIR FUTURES ARE BRIGHT AND PRODUCTIVE. THE FOUNDATION SEEKS OUT THE ORGANIZATIONS THAT ARE BEST EQUIPPED TO DEAL WITH THE NEEDS OF CHILDREN IN NORTH AMERICA AND TO HELP FUND THESE ORGANIZATIONS. THE FOUNDATION WILL ADDRESS, LITERACY, EDUCATION, CHILDHOOD ILLNESSES, CHILDREN'S EMOTIONAL WELL- BEING, CHILDHOOD POVERTY, HOMELESSNESS, AND CHILDREN HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregg Smith Treasurer | OfficerTrustee | 1 | $0 |
James A Williams Jr Chairman | OfficerTrustee | 1 | $0 |
Kenneth E Rigmaiden Chairman (p) | OfficerTrustee | 1 | $0 |
William Candelori Secretary (p) | OfficerTrustee | 1 | $0 |
Ron Kniess Secretary | OfficerTrustee | 1 | $0 |
George Galis Treasurer (p) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,616 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,402 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $325,018 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $92,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,004 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $397,034 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,588 |
| Office expenses | $1,718 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,032 |
| All other expenses | $0 |
| Total functional expenses | $439,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,407,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $361 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,408,185 |
| Accounts payable and accrued expenses | $14,190 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,190 |
| Net assets without donor restrictions | $1,393,995 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,408,185 |
Grants Awarded
Over the last fiscal year, Painters And Allied Trades For Childrens Hope Foundation has awarded $261,894 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: DONATION | $100,000 |
SCHOOLKIDZCOM LLC PURPOSE: DONATION | $68,644 |
MICHAELS GIVING HAND PURPOSE: DONATION | $20,000 |
Elgin, IL PURPOSE: DONATION | $15,000 |
King Of Prussia, PA PURPOSE: DONATION | $10,000 |
Philadelphia, PA PURPOSE: DONATION | $8,250 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Painters And Allied Trades For Childrens Hope Foundation has recieved totaling $41,249.
| Awarding Organization | Amount |
|---|---|
International Union Of Painters And Allied Trades New York, NY PURPOSE: DONATION | $25,000 |
International Union Of Painters And Allied Trades Chicago, IL PURPOSE: CONTRIBUTION | $10,600 |
International Union Of Painters And Allied Trades Philadelphia, PA PURPOSE: DONATION | $5,400 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Homefree Usa Inc Landover, MD | $5,280,798 | $17,895,333 |
Feeding Pennsylvania Lemoyne, PA | $10,818,120 | $21,841,545 |
University Of Pittsburgh And Upmc Medical And Health Sciences Fdn Pittsburgh, PA | $0 | $12,874,250 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Pittsburgh Promise Foundation Pittsburgh, PA | $59,585,111 | $15,082,951 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
Pennsylvania Ems Provider Foundation Harrisburg, PA | $55,116 | $0 |
Helvetas Usa Washington, DC | $584,936 | $9,906,698 |
The M S Hershey Foundation Hershey, PA | $64,689,691 | $17,201,612 |