Patriot Foundation
- Assets
- $1.5m
- Revenue
- $862.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Pinehurst, NC
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 20-0232968
Organization Overview
Patriot Foundation is located in Pinehurst, NC. The organization was established in 2004. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patriot 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 12/2021, Patriot Foundation generated $862.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $752.7k during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 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 2015, Patriot Foundation has awarded 49 individual grants totaling $4,921,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDRAISING ORGANIZATION PROVIDING SCHOLARSHIP FUNDS FOR THE FAMILIES OF SERVICE WOMEN AND MEN KILLED, WOUNDED, AND INJURED WHILE SERVING OUR NATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP GRANTS TO PARTNER 501(C)(3) ENTITIES. THESE ENTITIES RECEIVED THE COMMITTED FUNDS. THEY WILL CONDUCT THEIR OWN APPLICATION ACCEPTANCE, REVIEW, AND APPROVAL PROCESS AND OBLIGATE AWARD SCHOLARSHIPS IN THE CALENDAR YEAR.
SOLDIERS APPRECIATION WEEKEND IS AN ANNUAL GALA EVENT FOR MAINTAINING AND ENHANCING "GOODWILL" EQUITY PRODUCING INCOME, SERVICES, AND SUPPORT. IT CONNECTS SUPPORTERS TO THE FOUNDATION'S MISSION AND MILITARY COMMUNITY THE FOUNDATION SUPPORTS; AND, BOOSTS PUBLIC AND COMMUNITY AWARENESS OF THE FOUNDATION'S RELEVANCE AND CONTRIBUTIONS RECOGNIZING OUR NATION'S MILITARY'S DEDICATION AND SACRIFICE. THE EVENT ENABLES SUPPORTERS AND SUPPORTED TO BE CONNECTED, ENGAGED, AND PASSIONATE ABOUT THE FOUNDATION'S CAUSE. BECAUSE OF COVID 19 THE EVENT WAS CANCELLED FOR 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Gilley Executive Director | Officer | 30 | $60,000 |
Kurt Sonntag President | OfficerTrustee | 20 | $0 |
Capt Chuck Deleot Chairman Bod | OfficerTrustee | 20 | $0 |
Ltc Vallie Rosner VP Administration | OfficerTrustee | 15 | $0 |
Spike Smith Founder & Bod | Officer | 5 | $0 |
Ltc Sperry Reed VP Ft Carson, Co Region | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,719 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $665,565 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $676,284 |
| Total Program Service Revenue | $0 |
| Investment income | $185,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $81 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $862,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $586,500 |
| 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. | $60,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $49,952 |
| Office expenses | $434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $902 |
| 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 | $41 |
| Insurance | $1,470 |
| All other expenses | $13,780 |
| Total functional expenses | $752,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,037 |
| Savings and temporary cash investments | $76,972 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,000 |
| 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 | $17,754 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,231,487 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,492,250 |
| Accounts payable and accrued expenses | $3,880 |
| Grants payable | $0 |
| Deferred revenue | $16,250 |
| 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 | $20,130 |
| Net assets without donor restrictions | $1,384,861 |
| Net assets with donor restrictions | $87,259 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,492,250 |
Grants Awarded
Over the last fiscal year, Patriot Foundation has awarded $574,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Fort Bragg, NC PURPOSE: SCHOLARSHIP FUNDING | $125,000 |
Fayetteville, NC PURPOSE: SCHOLARSHIP FUNDING | $75,000 |
JOINT SPECIAL OPERATIONS ASSOCIATION PURPOSE: SCHOLARSHIP FUNDING | $70,000 |
Oak Grove, KY PURPOSE: SCHOLARSHIP FUNDING | $44,000 |
Fort Campbell, KY PURPOSE: SCHOLARSHIP FUNDING | $35,000 |
Fayetteville, NC PURPOSE: SCHOLARSHIP FUNDING | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patriot Foundation has recieved totaling $50.
| Awarding Organization | Amount |
|---|---|
Legacy Solutions Foundation Southern Pines, NC PURPOSE: TO SUPPORT LOCAL PUBLIC CHARITIES | $50 |
Endowment Analysis
| Beg. Balance | $66,319 |
| Earnings | $9,429 |
| Ending Balance | $75,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Carolina University Educational Foundation Inc Greenville, NC | $33,102,129 | $12,018,167 |
South Carolina Charities Inc Greenville, SC | $911,157 | $3,405,093 |
American Junior Golf Foundation Inc Braselton, GA | $19,641,772 | $5,413,953 |
Uncw Student Aid Association Inc Wilmington, NC | $3,125,370 | $1,638,038 |
First Tee Of Atlanta Inc Atlanta, GA | $2,807,006 | $1,612,147 |
Atlanta Classic Foundation Inc Duluth, GA | $0 | $0 |
Tenngreen Land Conservancy Nashville, TN | $19,971,388 | $11,678,938 |
Capitol Sea Devils Swimm Team Sterling, VA | $741,563 | $1,098,234 |
Mount Pleasant Swim Club Parentsassociation Mount Pleasant, SC | $238,923 | $946,019 |
Titan Club Inc Bogart, GA | $239,502 | $787,104 |
Patriot Foundation Pinehurst, NC | $1,492,250 | $862,205 |
Atlanta Memorial Park Conservancy Inc Atlanta, GA | $447,516 | $641,677 |