Patriotic Republic
- Assets
- $3.8m
- Revenue
- $272.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-1589303
Organization Overview
Patriotic Republic is located in Chicago, IL. The organization was established in 2019. According to its NTEE Classification (V20) the organization is classified as: Social Science, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patriotic Republic is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Patriotic Republic generated $272.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (58.9%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATE THE PUBLIC REGARDING PUBLIC POLICY ISSUES AND PROMOTE ADVANCES IN PUBLIC POLICY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES PUBLIC POLICY CHANGE THROUGH EDUCATION, ADVOCACY, GRANTMAKING AND OTHER ACTIVITIES, AND IT PROMOTES THE GENERAL WELFARE OF INDIVIDUALS AND THEIR COMMUNITIES THOUGH PUBLIC EDUCATION AND BY ADVOCATING FOR BENEFICIAL CHANGES IN PUBLIC POLICY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reid Hoffman President/chair/director | OfficerTrustee | 0.1 | $0 |
Frank Huang Secretary | Officer | 0.1 | $0 |
Zack Herlick Treasurer | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $77,243 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $195,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,368 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,050,000 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,050,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $152,045 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,653,628 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,805,673 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $3,805,673 |
| Total liabilities and net assets/fund balances | $3,805,673 |
Grants Awarded
Over the last fiscal year, Patriotic Republic has awarded $3,050,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Milwaukee, WI PURPOSE: GRASSROOTS ENGAGEMENT | $1,250,000 |
Milwaukee, WI PURPOSE: GRASSROOTS ENGAGEMENT | $750,000 |
Chicago, IL PURPOSE: STRUCTURAL REFORM | $500,000 |
Washington, DC PURPOSE: ELECTORAL ADVOCACY | $250,000 |
Chicago, IL PURPOSE: CANDIDATE RECRUITMENT | $180,000 |
FRAMESHIFT LLC PURPOSE: QUALITATIVE RESEARCH | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Patriotic Republic Chicago, IL | $3,805,673 | $272,368 |
Policy Circle Co Wilmette, IL | $560,042 | $1,719,439 |
Public Broadcasting Network Inc Chesterfield, MO | $132,966 | $320,662 |
Psychometric Society Educational Testing Service Madison, WI | $723,416 | $209,398 |
International Visual Sociology Association Inc Chicago, IL | $116,030 | $0 |
Elliot Institute For Social Sciences Research St Peters, MO | $102,704 | $0 |
Pacific Atlantic Action Coalition Chicago, IL | $527,727 | $200,186 |
Heartland Community Reconciliation Center Bloomington, IN | $270 | $16,256 |
Because Foundation Homewood, IL | $0 | $10,470 |
New Human Research & Development Institute Chicago, IL | $20,544 | $0 |