Robert C And Cornealia H Patton Family Foundation Inc
- Assets
- $1.2m
- Revenue
- $208.0k
- Investments
- $1.0m
- Employees
- 0
- Location
- Greensboro, GA
- Founding
- 10/2016
- Data as of
- 12/2023
- EIN
- 81-2650886
Organization Overview
Robert C And Cornealia H Patton Family Foundation Inc is located in Greensboro, GA. The organization was established in 2016. 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. Robert C And Cornealia H Patton 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, Robert C And Cornealia H Patton Family Foundation Inc generated $208.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $280.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Robert C And Cornealia H Patton Family Foundation Inc has awarded 43 individual grants totaling $839,175. 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
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara P Chapman Treasurer | 10 | $20,000 | |
Robert C Patton Jr Member | 1 | $0 | |
Cornelia H Patton Vice President | 1 | $0 | |
Robert C Patton President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,998 |
| Interest on Savings | $1,121 |
| Dividends & Interest | $7,566 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $88,296 |
| Capital Gain Net Income | $155,919 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,981 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,073 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $25,823 |
| Contributions, gifts, grants paid | $254,525 |
| Total expenses and disbursements | $280,348 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,441 |
| Savings and temporary cash investments | $3,873 |
| 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 | $1,157,958 |
| 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, Robert C And Cornealia H Patton Family Foundation Inc has awarded $254,525 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
GOLDEN ISLE PRESBYTERIAN PURPOSE: GIVING MATCH CAMPAIGNTO SUPPORTCOMMUNITY OUTREACH | $0 |
CITY OF REFUGE PURPOSE: RELIEF FOR HUMANTRAFFICKING &INDEGENT SERVICES | $32,000 |
ATLAS MINISTRIES PURPOSE: POVERTY & EDUCATIONCOMMUNITY SUPPORT | $25,125 |
LAKE OCONEE PRESBYTERIAN PURPOSE: COMMUNITY SUPPORT | $180,000 |
TRUTH SPRING INC PURPOSE: FAMILY SUPPORT | $10,000 |
FCA PURPOSE: FAMIILY SUPPORT | $5,400 |