The Z V Pate Foundation Inc
- Assets
- $733.4k
- Revenue
- $97.3k
- Investments
- $590.0k
- Employees
- 0
- Location
- Laurel Hill, NC
- Founding
- 11/1986
- Data as of
- 06/2023
- EIN
- 56-1469816
Organization Overview
The Z V Pate Foundation Inc is located in Laurel Hill, NC. The organization was established in 1986. 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. Z V Pate Foundation Inc 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 06/2023, Z V Pate Foundation Inc generated $97.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $79.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Z V Pate Foundation Inc has awarded 140 individual grants totaling $600,675. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Burns President | 0 | $0 | |
Carolyn P Paul Secretary | 0 | $0 | |
Bradley M Williams Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,573 |
| Interest on Savings | $2,257 |
| Dividends & Interest | $44,465 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,976 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $97,271 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $319 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15,300 |
| Total operating and administrative expenses | $19,131 |
| Contributions, gifts, grants paid | $60,475 |
| Total expenses and disbursements | $79,606 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,345 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $733,352 |
| 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, The Z V Pate Foundation Inc has awarded $60,475 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA PURPOSE: COMMUNITY | $6,500 |
CENTRAL NC COUNCIL RICHIMOND DIST PURPOSE: COMMUNITY | $475 |
UNITED WAY OF SCOTLAND CO PURPOSE: COMMUNITY | $14,000 |
LAURINBURG PRESBYTERIAN CHURCH PURPOSE: RELIGIOUS | $1,000 |
CHRIST CHURCH CHARLOTTE PURPOSE: RELIGIOUS | $500 |
LIVE LIKE MADISON PURPOSE: COMMUNITY | $500 |