Paterson Family Foundation Inc
- Assets
- $0.0
- Revenue
- -$8.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Montpelier, VT
- Founding
- 11/2006
- Data as of
- 06/2023
- EIN
- 20-5417463
Organization Overview
Paterson Family Foundation Inc is located in Montpelier, VT. The organization was established in 2006. 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. Paterson Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Paterson Family Foundation Inc has awarded 32 individual grants totaling $748,237. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS WITH EMPHASIS ON LOCAL ORGANIZATIONS, ESPECIALLY THOSE FOSTER- ING READING, WRITING & THE ARTS BY CHILDREN AND YOUNG ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael G Evereth Chairman | 1 | $0 | |
Dennis Perrault Treasurer | 0.5 | $0 | |
Mary Kn Heininger Director | 0 | $0 | |
Elizabeth P Pierce Director | 0 | $0 | |
John Paterson Jr Director | 0 | $0 | |
David L Paterson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $224 |
| Dividends & Interest | $651 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,223 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$8,348 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $234 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,121 |
| Contributions, gifts, grants paid | $97,937 |
| Total expenses and disbursements | $102,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| 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, Paterson Family Foundation Inc has awarded $97,937 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NAT'L CHILDREN'S BOOK & LITERARY ALLIANCE PURPOSE: PROMOTION OFCHILDRENS' LITERACY | $82,937 |
BLOSSOM HILL FOUNDATION PURPOSE: SUPPORT FOR ORGS THATEMPOWER WAR-AFFECTED YOUTH | $10,000 |
HARBOR LIGHTS FOUNDATION PURPOSE: PROVIDES BENEFICIAL PROGRAMMING FOR CHILDREN | $5,000 |