Joseph B Patterson Foundation
- Assets
- $179.0k
- Revenue
- $3.0k
- Investments
- $178.6k
- Employees
- 0
- Location
- Pacific Palisades, CA
- Founding
- 01/1995
- Data as of
- 11/2023
- EIN
- 95-6982416
Organization Overview
Joseph B Patterson Foundation is located in Pacific Palisades, CA. The organization was established in 1995. 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. Joseph B Patterson 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 11/2023, Joseph B Patterson Foundation generated $3.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 62.6% each year . All expenses for the organization totaled $14.2k during the year ending 11/2023. While expenses have increased by 5.6% per year over the past 8 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 2014, Joseph B Patterson Foundation has awarded 94 individual grants totaling $110,233. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9 |
| Dividends & Interest | $5,305 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$2,278 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,036 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $3,587 |
| Contributions, gifts, grants paid | $10,565 |
| Total expenses and disbursements | $14,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $411 |
| 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 | $178,565 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $178,976 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,266 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,266 |
Grants Awarded
Over the last fiscal year, Joseph B Patterson Foundation has awarded $10,565 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
UFCW LOCAL 324 PURPOSE: SPONSOR BATTERED WOMEN & CHILDREN HOMES | $765 |
STATER BROTHERS CHARITIES PURPOSE: HUNGER RELIEF, CHILDREN'S WELL-BEING, EDUCATION, HEALTH, AND VETERANS ASSISTANCE | $100 |
JOEY'S FOUNDATION PURPOSE: PROVIDE FINANCIAL SUPPORT FOR RESEARCH AND EDUCATION RELATED TO CHILDREN WITH BRAIN INJURY. | $2,000 |
BERGEN CATHOLIC HIGH SCHOOL PURPOSE: CATHOLIC COLLEGE PREPARATORY HIGH SCHOOL | $1,200 |
YOUNG EISNER SCHOLARS PURPOSE: PROVIDES OPPORTUNITY TO LOW-INCOME STUDENTS TO PURSUE EDUCATIONAL OPPORTUNITIES. | $500 |
SIBLEY MEMORIAL HOSPITAL FOUNDATION PURPOSE: SUPPORT COMMUNITY HEALTH CARE SERVICES | $2,500 |