Patterson-Barclay Memorial Foundation Inc
- Assets
- $13.1m
- Revenue
- $222.8k
- Investments
- $12.9m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 11/1957
- Data as of
- 12/2023
- EIN
- 58-0904580
Organization Overview
Patterson-Barclay Memorial Foundation Inc is located in Wilmington, DE. The organization was established in 1957. 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. Patterson-Barclay Memorial 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 12/2023, Patterson-Barclay Memorial Foundation Inc generated $222.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $705.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patterson-Barclay Memorial Foundation Inc has awarded 131 individual grants totaling $8,058,103. 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 |
|---|---|---|---|
Daniel Patterson Allen Dir, Trustee, Vice Chairperson | 10 | $0 | |
Hugh Allen Trustee, Chairman | 10 | $0 | |
Jack W Allen Trustee, Sec, Treas | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fidelity | 12/30/20 | $61,927 |
Foundation Source | 12/30/20 | $50,456 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,218 |
| Dividends & Interest | $194,438 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $24,175 |
| Capital Gain Net Income | $24,175 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16 |
| Total Revenue | $222,847 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $49,873 |
| Pension plans, employee benefits | $3,815 |
| Interest | $0 |
| Taxes | $1,700 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $48,025 |
| Total operating and administrative expenses | $166,556 |
| Contributions, gifts, grants paid | $539,000 |
| Total expenses and disbursements | $705,556 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $268,842 |
| 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 | $13,135,390 |
| 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-Barclay Memorial Foundation Inc has awarded $539,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ABBA HOUSE INC PURPOSE: GENERAL & UNRESTRICTED | $20,000 |
ABOUTFACE--USA INC PURPOSE: FUNDS FOR 2024 GEORGIA BOYS STATE 11TH GRADE HIGH SCHOOL STUDENTS | $10,000 |
APPALACHIAN STATE UNIVERSITY PURPOSE: JACK AND JULIE ALLEN SCHOLARSHIP FUND | $72,000 |
BALD RIDGE LODGE INC PURPOSE: BALD RIDGE LODGE - RESIDENTIAL AND AFTERCARE PROGRAMS | $20,000 |
COLQUITT MILLER ARTS COUNCIL INC PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
CREATIVE ENTERPRISES INC PURPOSE: FORSYTH COUNTY DIVISION | $200,000 |