David G Patterson Foundation
- Assets
- $815.7k
- Revenue
- $13.5k
- Investments
- $779.9k
- Employees
- 0
- Location
- Mansfield, PA
- Founding
- 03/2010
- Data as of
- 12/2022
- EIN
- 27-6400565
Organization Overview
David G Patterson Foundation is located in Mansfield, PA. The organization was established in 2010. 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. David G 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 12/2022, David G Patterson Foundation generated $13.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (27.0%) each year. All expenses for the organization totaled $59.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, David G Patterson Foundation has awarded 33 individual grants totaling $227,540. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S PURPOSE IS TO PROMOTE HEALTH AND WELLNESS, ARTS, AND FURTHER EDUCATION. THE FOUNDATION BENEFITS MULTIPLE LOCAL ORGANIZATIONS EACH YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Decamp Trustee | 1 | $0 | |
Susan Zoby Trustee | 1 | $0 | |
Diann Decamp Trustee | 1 | $0 | |
R Robert Decamp Trustee | 1 | $0 | |
Karen Chambers Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $18,821 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$5,298 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,523 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,128 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $15 |
| Other expenses | $15 |
| Total operating and administrative expenses | $9,855 |
| Contributions, gifts, grants paid | $49,800 |
| Total expenses and disbursements | $59,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,800 |
| 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 | $779,860 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $815,660 |
| 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, David G Patterson Foundation has awarded $49,800 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TIOGA COUNTY AGRICULTURAL ASSOC PURPOSE: HONOR OF TIM WEBSTER | $20,000 |
WELLSBORO FOUNDATON INC PURPOSE: LAUREL FESTIVAL FLOATS | $10,000 |
WELLSBORO AREA EDUCATION FOUNDATION PURPOSE: BALANCE OF THE SOUND SHIELD | $2,800 |
FIRST PRESBYTERIAN CHURCH OF WELLSBORO PURPOSE: DIAPERS FOR DARLINGS | $5,000 |
GALETON PUBLIC LIBRARY PURPOSE: SUMMER READING PROGRAM | $2,000 |
GALE HOSE CO NO 1 PURPOSE: EMS TRAINING | $5,000 |