Patriot Art Foundation
- Assets
- $196.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, SC
- Founding
- 06/2019
- Data as of
- 12/2022
- EIN
- 83-2039772
Organization Overview
Patriot Art Foundation is located in Charleston, SC. The organization was established in 2019. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patriot Art Foundation 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 Art Foundation generated $5.8k 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 (61.8%) each year. All expenses for the organization totaled $5.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS EXEMPT PURPOSE IS TO EDUCATE ON AND RAISE PUBLIC AWARENESS OF THE VETERAN EXPERIENCE THROUGH ART AND PROMOTE HEALING AND RESTORATION AMONG VETERANS THROUGH ARTISTIC EXPRESSION
Describe the Organization's Program Activity:
Part 3
THE NATIONAL ART EXHIBIT WE THE PEOPLE OPENED OCTOBER 2019 IN CHARLESTON, SC. THE EXHIBIT INCLUDES 50 LARGE SCALE WATERCOLOR PORTAITS OF CURRENT DAY AMERICAN VETERANS. THE TRAVELING EXHIBITION IS BRINGING NATIONAL ATTENTION TO MILITARY VETERANS OF ALL AGES AND ALL WALKS OF LIFE. IN HONOR OF OPENING WEEKEND, VETERANS FROM AROUND THE COUNTRY WERE INVITED TO TAKE PART OF THIS VERY IMPORTANT EXHIBIT. THE PUBLIC WAS ALSO INVITED TO PARTICIPATE IN HONORING THE VETERANS AND TO BRING AWARENESS AND SUPPORT TO VETERAN CAUSES. THE ORGANIZATION HONORED THE VETERANS ALL WEEKEND WITH EVENTS INCLUDING BRUNCH AND A SPECIAL RECEPTION. THE VETERANS WERE PROVIDED WITH TRANSPORTATION, LODGING AND GIFT BAGS. THE PROGRAM SERVICE EXPENSE OF $38,289 PAID IN 2020 WAS FOR THE LODGING FOR 50 VETERANS DURING OPENING WEEKEND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Libby Billham President | 0.5 | $0 | |
Joan Naugle Secretary | 0.5 | $0 | |
Sharon Crawford Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,520 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $293 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,813 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,498 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,161 |
| Total expenses | $5,659 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $196,585 |
| Other assets | $0 |
| Total assets | $196,585 |
| Total liabilities | $2,363 |
| Net assets or fund balances | $194,222 |