Archer-Patterson Family Foundation
- Assets
- $391.9k
- Revenue
- $61.8k
- Investments
- $382.9k
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2000
- Data as of
- 12/2022
- EIN
- 36-4374037
Organization Overview
Archer-Patterson Family Foundation is located in Chicago, IL. The organization was established in 2000. 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. Archer-Patterson Family 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, Archer-Patterson Family Foundation generated $61.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $64.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Archer-Patterson Family Foundation has awarded 39 individual grants totaling $131,000. 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 |
|---|---|---|---|
Prudence Patterson Lake President And Director | 2 | $0 | |
James D'wolf Patterson Vp,treasuer,secy & Dir | 20 | $5,490 | |
F David Lake Jr Director | 0 | $0 | |
Janis Patterson Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $41,381 |
| Interest on Savings | $0 |
| Dividends & Interest | $15,250 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,130 |
| Capital Gain Net Income | $5,130 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $61,761 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,490 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $511 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,268 |
| Total operating and administrative expenses | $15,619 |
| Contributions, gifts, grants paid | $49,000 |
| Total expenses and disbursements | $64,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,065 |
| 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 | $382,866 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $391,931 |
| 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, Archer-Patterson Family Foundation has awarded $49,000 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN CENTER FOR ENVIRONMENTAL STUDIES PURPOSE: GENERAL | $2,000 |
CONNECTICUT COLLEGE PURPOSE: GENERAL | $1,000 |
CREATIVE SANTA FE PURPOSE: GENERAL | $5,000 |
EVANSTON ENVIRONMENTAL ASSOCIATION PURPOSE: GENERAL | $2,000 |
FRIENDS OF WOOD MEMORIAL LIBRARY SYSTEM PURPOSE: GENERAL | $2,000 |
GIRLS INC PURPOSE: GENERAL | $2,000 |