Patterson School Foundation Inc is located in Patterson, NC. The organization was established in 1996. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patterson School 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 06/2022, Patterson School Foundation Inc generated $873.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $204.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL OPPORTUNITIES WITH A STRONG COMMITMENT TO ENVIRONMENTAL STEWARDSHIP, SUSTAINABLE AGRICULTURE, HISTORICAL PRESERVATION, AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATIONAL AND HOUSING FACILITIES FOR COMMUNITY EDUCATIONAL PROGRAMS SUPPORTING ENVIRONMENTAL STEWARDSHIP AND SUSTAINABLE AGRICULTURE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dawn Turner Ex Officio Director | Trustee | 2 | $37,519 |
Joanie Guglielmi Recording Secretary | OfficerTrustee | 2 | $0 |
Danny Seaver Chairman | OfficerTrustee | 2 | $0 |
Janet Spoon Treasurer/acting Vice President | OfficerTrustee | 2 | $0 |
Kitty Gurkin Rosati Director | Trustee | 1 | $0 |
William Compton Vice Chairman | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $70 |
Related organizations | $0 |
Government grants | $11,500 |
All other contributions, gifts, grants, and similar amounts not included above | $742,616 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $754,186 |
Total Program Service Revenue | $7,582 |
Investment income | $4 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $111,690 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $873,462 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $1,133 |
Fees for services: Accounting | $41,269 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,309 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $49,804 |
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 | $31,126 |
Insurance | $10,238 |
All other expenses | $1,788 |
Total functional expenses | $204,668 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $233,945 |
Savings and temporary cash investments | $341,582 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $1,151,304 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $976,995 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $29,276 |
Other assets | $0 |
Total assets | $2,733,102 |
Accounts payable and accrued expenses | $227 |
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 | $57,223 |
Secured mortgages and notes payable | $300,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,990 |
Total liabilities | $360,440 |
Net assets without donor restrictions | $2,372,662 |
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 | $2,733,102 |
Over the last fiscal year, Patterson School Foundation Inc has awarded $37,802 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Patterson, NC PURPOSE: MUSIC APPRECIATION | $34,788 |
WESTERN NC SCUPTURE CENTER PURPOSE: SCULPTURE EDUCATION | $2,914 |
DULATOWN PRESBYERIAN PURPOSE: MEMORIAL | $100 |
Over the last fiscal year, we have identified 2 grants that Patterson School Foundation Inc has recieved totaling $20,043.
Awarding Organization | Amount |
---|---|
Goforth Family Foundation Conover, NC PURPOSE: KISTLER RENOVATION | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Organization Name | Assets | Revenue |
---|---|---|
Graduate Management Admission Council Reston, VA | $230,212,828 | $77,127,681 |
Common Application Inc Arlington, VA | $52,971,416 | $52,316,500 |
Longwood University Real Estate Foundation Farmville, VA | $322,438,396 | $31,911,007 |
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |