Patrick Family Foundation Inc
- Assets
- $5.5m
- Revenue
- $199.9k
- Investments
- $5.5m
- Employees
- 0
- Location
- Decatur, GA
- Founding
- 03/1989
- Data as of
- 09/2023
- EIN
- 58-1820403
Organization Overview
Patrick Family Foundation Inc is located in Decatur, GA. The organization was established in 1989. 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. Patrick Family 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 09/2023, Patrick Family Foundation Inc generated $199.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $296.6k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patrick Family Foundation Inc has awarded 332 individual grants totaling $1,916,500. 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 |
|---|---|---|---|
Dorothea P Smith President | 0 | $0 | |
Joseph E Patrick Jr First V.P. | 0 | $0 | |
William L Smith IV Second V.P. | 0 | $0 | |
Hilda B Patrick Sec./treas. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21,242 |
| Dividends & Interest | $108,137 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,493 |
| Capital Gain Net Income | $19,493 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $51,054 |
| Total Revenue | $199,926 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $855 |
| Total operating and administrative expenses | $5,085 |
| Contributions, gifts, grants paid | $291,500 |
| Total expenses and disbursements | $296,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,439 |
| Savings and temporary cash investments | $22,444 |
| 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 | $2,086,767 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,511,079 |
| 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, Patrick Family Foundation Inc has awarded $291,500 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
AGAPE COMMUNITY CENTER PURPOSE: OPERATING BUDGET | $6,000 |
CLEMSON UNIVERSITY PURPOSE: CAREER SERVICES | $12,500 |
HARRIS YMCA OF CHARLOTTE PURPOSE: CHILDREN'S SWIM PROGRAM | $1,000 |
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL BUDGET | $15,000 |
HIGH MUSEUM OF ART PURPOSE: PHOTOGRAPHY TRAVEL BUDGET | $9,250 |
GLOBAL VILLAGE PROJECT PURPOSE: OPERATING EXPENSES | $5,000 |