Patriot Fund Inc
- Assets
- $947.1k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, NJ
- Founding
- 11/2017
- Data as of
- 12/2022
- EIN
- 82-1481089
Organization Overview
Patriot Fund Inc is located in Medford, NJ. The organization was established in 2017. 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. Patriot Fund 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 12/2022, Patriot Fund Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 43.8% per year over the past 6 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 2017, Patriot Fund Inc has awarded 87 individual grants totaling $1,438,178. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PATRIOT FUND WAS FORMED TO RAISE AWARENESS AND FUNDS TO SUPPORT VETERAN ORGANIZATIONS ACROSS THE COUNTRY. GOLF OUTINGS ARE HELD AT PRESTIGIOUS COURSES, ALLOWING FELLOW PATRIOTS AND THEIR SUPPORTERS TO ENJOY A MEANINGFUL ROUND OF GOLF TOGETHER WHILE RAISING FUNDS THAT ARE THEN GRANTED TO A VARIETY OF VETERAN ORGANIZATIONS. IN DOING SO, THE PATRIOT FUND'S IMPACT AFFECTS THE LIVES OF MANY PATRIOTS AND THEIR FAMILIES ACCROSS THE US.
THE PATRIOT FUND INITIATED RED FRIDAYS TO RAISE AWARENESS AND TO "REMEMBER EVERYONE DEPLOYED". THIS ALONG WITH OTHER AWARENESS-RAISING ACTIVITIES HELPS TO BRING IN ADDITIONAL FUNDS TO SUPPORT OUR PATRIOTS BY WAY OF GRANTS TO 501(C)3 VETERAN ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mjr Gen Ret Steven Hashem Vice President | 1 | $0 | |
Joe Caruso Vice President | 1 | $0 | |
Mark Nicastro Treasurer | 1 | $0 | |
Michael Francisco Secretary | 1 | $0 | |
Todd L Sherman President | 1 | $0 | |
William Markham Exec Director | 1 | $36,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $205,730 |
| Interest on Savings | $174 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $38,697 |
| Capital Gain Net Income | $38,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,311,549 |
| Total Revenue | $1,556,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $36,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $678 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,379 |
| Printing and publications | $0 |
| Other expenses | $548,414 |
| Total operating and administrative expenses | $627,491 |
| Contributions, gifts, grants paid | $719,014 |
| Total expenses and disbursements | $1,346,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $947,081 |
| 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 | $947,081 |
| 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, Patriot Fund Inc has awarded $719,014 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
ONE VET A TIME INC PURPOSE: TO SUPPORT VETERANS WITH HEALTH AND LEGAL SERVICES. | $125,237 |
QUANTUM LEAP FARM PURPOSE: TO SUPPORT VETERANS WITH EQUINE THERAPY. | $80,000 |
DEFENDER MOBILITY PURPOSE: TO SUPPORT VETERANS WITH MOBILITY EQUIPMENT. | $39,055 |
HEAVEN ON EARTH FOR VETERANS INC PURPOSE: TO SUPPORT VETERANS WITH LIVING ASSISTANCE. | $30,000 |
HOME BASE SOUTHWEST FLORIDA PURPOSE: TO SUPPORT VETERANS WITH HEALTHCARE. | $28,574 |
SEAL VETERANS FOUNDATION PURPOSE: TO SUPPORT VETERANS WITH SEAL BACKGROUND. | $28,574 |