Phillips E Patton Charitable Foundation
- Assets
- $296.3k
- Revenue
- $13.0k
- Investments
- $278.3k
- Employees
- 0
- Location
- Spearfish, SD
- Founding
- 09/1994
- Data as of
- 12/2022
- EIN
- 54-1715989
Organization Overview
Phillips E Patton Charitable Foundation is located in Spearfish, SD. The organization was established in 1994. 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. Phillips E Patton Charitable 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, Phillips E Patton Charitable Foundation generated $13.0k 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 (8.9%) each year. All expenses for the organization totaled $10.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Phillips E Patton Charitable Foundation has awarded 32 individual grants totaling $136,550. 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 | $22 |
| Dividends & Interest | $12,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $44 |
| Capital Gain Net Income | $44 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $267 |
| Total Revenue | $13,009 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $360 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $104 |
| Total operating and administrative expenses | $1,734 |
| Contributions, gifts, grants paid | $8,250 |
| Total expenses and disbursements | $9,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,749 |
| 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 | $153,379 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $190 |
| Total assets | $296,264 |
| 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, Phillips E Patton Charitable Foundation has awarded $8,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JONES COUNTY TURNER YOUTH FOUNDATION PURPOSE: UNRESTRICTED | $1,250 |
ERIE CITY MISSION PURPOSE: UNRESTRICTED | $1,000 |
WILLOW CREEK COMMUNITY CHURCH PURPOSE: UNRESTRICTED | $5,000 |
GERTRUDE BARBAR FNDTN PURPOSE: UNRESTRICTEDUNRESTRICTED | $500 |
AAUW SCHOLARSHIP PURPOSE: UNRESTRICTED | $500 |