Patterson Foundation Inc
- Assets
- $55.9k
- Revenue
- $2.8k
- Investments
- $52.1k
- Employees
- 0
- Location
- Chevy Chase, MD
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 52-2193891
Organization Overview
Patterson Foundation Inc is located in Chevy Chase, MD. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Patterson 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.
For the year ending 12/2021, Patterson Foundation Inc generated $2.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 32.3% each year . All expenses for the organization totaled $276.0 during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Patterson Vice President | 2 | $0 | |
Stacy Montgomery Secretary | 0 | $0 | |
Samuel Patterson Treasurer | 0 | $0 | |
Robert Patterson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,759 |
| 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 | $2,759 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $175 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $101 |
| Total operating and administrative expenses | $276 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,749 |
| 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 | $55,858 |
| 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, Patterson Foundation Inc has awarded $13,200 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: IMMEDIATE FOOD AND HOUSEHOLD GOODS NEEDS OF UNEMPLOYED AND LOW INCOME FAMILIES | $2,500 |
Melbourne, FL PURPOSE: HOUSEHOLD GOODS FOR UNEMPLOYED AND LOW INCOME PARTIES | $2,500 |
Seattle, WA PURPOSE: COVID RELIEF INCLUDING FOR RESTAURANT WORKERS | $2,000 |
Washington, DC PURPOSE: HOMELESS ASSISTANCE, INCLUDING CASEWORK AND IMMEDIATE ASSISTANCE | $1,300 |
Mifflintown, PA PURPOSE: FOOD PANTRY FOR LOW INCOME INDIVIDUALS | $500 |
GEDCO PURPOSE: IMMEDIATE ASSISTANCE TO LOW INCOME FOR NEEDS ARISING FROM COVID | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |
Molina Healthcare Charitable Foundation Wilmington, DE | $6,023,085 | $109,085 |
Alcoa Foundation Pittsburgh, PA | $146,938,296 | $5,082,676 |
Workday Foundation Wilmington, DE | $43,827,189 | $3,435,808 |
Illumina Corporate Foundation Wilmington, DE | $8,163,072 | $7,329,761 |
Star Foundation Bethlehem, PA | $0 | $17,247 |
Mcleod Family Foundation Inc Roanoke, VA | $24,622,922 | $3,411,070 |
Petters Family Foundation Newport News, VA | $24,802,843 | $3,836,696 |
Giant Eagle Foundation Pittsburgh, PA | $15,044,604 | $6,408,453 |
Henkels Foundation Blue Bell, PA | $1,152,398 | $2,386,882 |
Amani Family Foundation Wilmington, DE | $45,849,271 | $16,212,818 |
Tamias Foundation Hunt Valley, MD | $26,017,429 | $6,201,686 |