Patterson Family Foundation Inc
- Assets
- $15.9m
- Revenue
- $825.6k
- Investments
- $15.1m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 58-2145618
Organization Overview
Patterson Family Foundation Inc is located in Wilmington, DE. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Patterson Family 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 12/2023, Patterson Family Foundation Inc generated $825.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $524.8k during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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, Patterson Family Foundation Inc has awarded 538 individual grants totaling $2,608,859. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND WRITING OF THE BOOK, TENTATIVELY TITLED "THAT ALL MAY BE ONE," BY SOLON AND MARIANNA PATTERSON, AN APPEAL FOR UNITY-REUNIFICATION OF THE CHURCHES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Patterson Trustee, Executive Director | 16 | $24,167 | |
John Solon Patterson Trustee | 4 | $0 | |
Joseph Peter Patterson Trustee | 4 | $0 | |
Marianna R Patterson Sec, Treas | 8 | $0 | |
Nancy Patterson Trustee | 2 | $0 | |
Solon P Patterson Pres | 16 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28,149 |
| Dividends & Interest | $321,799 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $475,603 |
| Capital Gain Net Income | $4,387,418 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $825,551 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $24,167 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $1,854 |
| Interest | $0 |
| Taxes | $106,161 |
| Depreciation | $1,914 |
| Occupancy | $20,576 |
| Travel, conferences, and meetings | $11,514 |
| Printing and publications | $0 |
| Other expenses | $55,499 |
| Total operating and administrative expenses | $267,598 |
| Contributions, gifts, grants paid | $257,205 |
| Total expenses and disbursements | $524,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $685,434 |
| 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 | $77,472 |
| Other assets | $0 |
| Total assets | $15,887,185 |
| 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 Family Foundation Inc has awarded $257,205 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
A MILLION MATTERS INC PURPOSE: GENERAL & UNRESTRICTED | $2,100 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $100 |
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $100 |
AGAPE COMMUNITY CENTER INC PURPOSE: PROGRAM FOR COLLEGE SUCCESS | $20,000 |
ARCHDIOCESE OF ATLANTA PURPOSE: GENERAL & UNRESTRICTED | $500 |
ATLANTA RONALD MCDONALD HOUSE CHARITIES INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |