White Hat Foundation
- Assets
- $0.0
- Revenue
- $55.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 05/2014
- Data as of
- 06/2021
- EIN
- 45-2694289
Organization Overview
White Hat Foundation is located in San Antonio, TX. The organization was established in 2014. 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.
For the year ending 06/2021, White Hat Foundation generated $55.0k 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 (15.4%) each year. All expenses for the organization totaled $59.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, White Hat Foundation has awarded 76 individual grants totaling $264,127. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WHITE HAT FOUNDATION WAS ESTABLISHED TO ADMINSTER THE FOUNDATION'S ASSETS AND INCOME EXCLUSIVELY FOR CHARITABLE PURPOSES; THE MAKING OF GRANTS TO QUALIFIED ORGANIZATIONS EXCLUSIVELY FOR CHARITABLE PURPOSES; THE MAKING OF GRANTS TO INDIVIDUALS DONE SOLELY THROUGH THE SCHOLARSHIP PROGRAM; THE ALLOCATION OF FOUNDATION RESOURCES IN A MANNER DESIGNATED TO EFFECT LONG TERM BENEFICIAL IMPROVEMENTS IN AND TO FAVORABLY IMPACT CHARITABLE ORGANIZATIONS AND CAUSES; AND AT ALL TIMES AND WITHIN SUCH PURPOSES TO OPERATE EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, EDUCATIONAL, AND SCIENTIFIC PURPOSES WITHIN THE MEANING OF 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE FOUNDATION'S LARGEST ACTIVITY IS TO PROVIDE GRANTS TO INSTITUTIONS WHICH HAVE AN IRS DESIGNATION OF 501(C)(3).
THE FOUNDATION'S SECOND LARGEST ACTIVITY IS TO PROVIDE SCHOLARSHIPS TO INDIVIDUALS SOLELY THROUGH THE FOUNDATION'S SCHOLARSHIP PROGRAM. DURING FYE 06/30/21, THE SCHOLARSHIP PROGRAM AWARDED 8 INDIVIDUALS WITH SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben M Patterson Jr President/treasurer/director | 4 | $0 | |
Donna B Patterson Secretary/director | 1 | $0 | |
Shawn Richard Director | 1 | $0 | |
Rhonda Wheeler Director | 1 | $0 | |
Ginger Vaught Director | 1 | $0 | |
Mark Richard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $55,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,457 |
| Contributions, gifts, grants paid | $53,177 |
| Total expenses and disbursements | $59,634 |
| 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, White Hat Foundation has awarded $53,177 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
BAGLEY EMILY O PURPOSE: 2020 FALL SEMESTER & 2021 SPRING SEMESTER - ST. PHILLIPS COMMUNITY COLLEGE | $5,000 |
CATE ADISON H PURPOSE: 2020 FALL SEMESTER & 2021 SPRING SEMESTER - ABILENE CHRISTIAN UNIVERSITY | $5,000 |
DEVINE RICARDO PURPOSE: 2020 FALL SEMESTER - THEOLOGICAL SEMINARY | $2,500 |
GALBREATH MARY E PURPOSE: 2020 FALL SEMESTER & 2021 SPRING SEMESTER - NORTHEASTERN UNIVERSITY | $15,000 |
PALMA MARIANA PRATAS PURPOSE: 2020 FALL SEMESTER & 2021 SPRING SEMESTER - TAYLOR UNIVERSITY | $5,000 |
MCALESTER ELIZABETH A PURPOSE: 2020 FALL SEMESTER & 2021 SPRING SEMESTER - CEDARVILLE UNIVERSITY, OHIO | $5,000 |