Patriot Fund Inc
- Assets
- $737.4k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Medford, NJ
- Founding
- 11/2017
- Data as of
- 12/2021
- 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 12/2021, Patriot Fund Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $500.9k during the year ending 12/2021. While expenses have increased by 26.9% per year over the past 5 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 49 individual grants totaling $719,164. 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
2021
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 ACROSS 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 |
|---|---|---|---|
William Markham Executive Director | 1 | $36,000 | |
Major General Ret Steven Hashem Vice President | 1 | $0 | |
Joe Caruso Vice President | 1 | $0 | |
Mark Nicastro Treasurer | 1 | $0 | |
Todd L Sherman President | 5 | $0 | |
Michael Francisco Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $831,467 |
| Interest on Savings | $269 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $129 |
| Capital Gain Net Income | $47,926 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $264,105 |
| Total Revenue | $1,095,970 |
| 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 | $345 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $353,034 |
| Total operating and administrative expenses | $389,879 |
| Contributions, gifts, grants paid | $111,035 |
| Total expenses and disbursements | $500,914 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,436 |
| 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 | $737,436 |
| 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 $111,035 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Parrish, FL PURPOSE: TO HELP VETERANS AND SERVICE MEMBERS WHO INCURRED A PHYSICAL OR MENTAL INJURY, ILLNESS OR WOUND WHILE SERVING IN THE MILITARY. | $37,835 |
Boyds, MD PURPOSE: TO FURTHER ENHANCE WARRIOR CANINE CONNECTION'S THERAPEUTIC SERVICE DOG TRAINING PROGRAM, DESIGNED TO MITIGATE SYMPTOMS OF POST TRAUMATIC STRESS AND TRAUMATIC BRAIN INJURIES, WHILE GIVING RECOVERING SERVICE MEMBERS AND VETERANS A SENSE OF PURPOSE, HELP IN REINTEGRATING BACK INTO THEIR FAMILIES AND COMMUNITIES, AND A POTENTIAL CAREER PATH AS A SERVICE DOG TRAINER. | $30,000 |
Marlton, NJ PURPOSE: TO UNITE WOUNDED WARRIORS SUFFERING WITH PTSD WITH HOMELESS, RESCUE SHELTER DOGS. | $10,000 |
QUANTUM LEAP FARM EQUINE-ASSISTED THERAPIES PURPOSE: TO PROVIDE EQUINE ASSISTED THERAPIES TO VETERANS, MILITARY SERVICE MEMBERS, AND THEIR FAMILIES. | $7,500 |
Garner, NC PURPOSE: TO ENSURE THAT EVERY WARRIOR RECEIVES A TOP QUALITY TRAINED SERVICE DOG TO ASSIST THEM IN MITIGATING THEIR SYMPTOMS FROM POST-TRAUMATIC STRESS DISORDER AND TRAUMATIC BRAIN INJURY. | $6,200 |
ARMS 2 ARTISANS PURPOSE: TO FOSTER THE SUCCESSFUL TRANSITION OF POST 9/11 VETERANS FROM MILITARY SERVICE TO POST SERVICE LIFE THROUGH AN ARTISAN SKILLS PROGRAM BY PROVIDING EDUCATION, EXPERIENCE AND A NETWORK OF PEER SUPPORT. | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patriot Fund Inc has recieved totaling $10,500.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |