Stanley & Florence Patten Char Fdn
- Assets
- $3.5m
- Revenue
- $174.2k
- Investments
- $3.5m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 38-7199795
Organization Overview
Stanley & Florence Patten Char Fdn is located in Detroit, MI. The organization was established in 2019. 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. Stanley & Florence Patten Char Fdn 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, Stanley & Florence Patten Char Fdn generated $174.2k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $328.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Stanley & Florence Patten Char Fdn has awarded 12 individual grants totaling $701,380. 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
NONE
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,891 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $89,353 |
| Capital Gain Net Income | $89,353 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3 |
| Total Revenue | $174,247 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,698 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,944 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $737 |
| Total operating and administrative expenses | $85,262 |
| Contributions, gifts, grants paid | $243,004 |
| Total expenses and disbursements | $328,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,605 |
| 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 | $3,520,560 |
| 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, Stanley & Florence Patten Char Fdn has awarded $243,004 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SEATTLE CHILDREN'S HOSPITAL FOUN PURPOSE: SUPPORT FOR DAILY | $81,001 |
SEATTLE'S UNION GOSPEL MISSION PURPOSE: SUPPORT FOR DAILY | $40,501 |
WOODLAND PARK ZOOLOGICAL SOCIETY PURPOSE: SUPPORT FOR DAILY | $81,001 |
ZOOLOGICAL SOCIETY OF WASHINGTON PURPOSE: SUPPORT FOR DAILY | $40,501 |