Patrick Foundation Tr
- Assets
- $982.3k
- Revenue
- $77.4k
- Investments
- $952.7k
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/1998
- Data as of
- 12/2023
- EIN
- 06-1519341
Organization Overview
Patrick Foundation Tr is located in Wilmington, DE. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Patrick Foundation Tr 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 12/2023, Patrick Foundation Tr generated $77.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $54.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Patrick Foundation Tr has awarded 175 individual grants totaling $391,516. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne M Patrick Trustee | 1 | $0 | |
John R Patrick Trustee | 1 | $0 | |
Tracy L Savitz Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $74,596 |
| Interest on Savings | $1,246 |
| Dividends & Interest | $28,230 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$26,690 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,382 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $302 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,095 |
| Total operating and administrative expenses | $15,787 |
| Contributions, gifts, grants paid | $38,750 |
| Total expenses and disbursements | $54,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $29,622 |
| 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 | $982,293 |
| 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, Patrick Foundation Tr has awarded $38,750 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ABILITY BEYOND DISABILITY INC PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
ABILITY BEYOND DISABILITY INC PURPOSE: CHARITABLE EVENT | $1,000 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: GENERAL & UNRESTRICTED | $250 |
AMERICAN LEGION CHARITIES PURPOSE: GENERAL & UNRESTRICTED | $250 |
ANNS PLACE INC PURPOSE: CHARITABLE EVENT | $2,500 |
ANNS PLACE INC PURPOSE: CHARITABLE EVENT | $5,000 |