The Patterson Foundation
- Assets
- $279.0m
- Revenue
- $14.6m
- Investments
- $275.0m
- Employees
- 0
- Location
- Sarasota, FL
- Founding
- 04/1997
- Data as of
- 06/2023
- EIN
- 65-6230256
Organization Overview
The Patterson Foundation is located in Sarasota, FL. The organization was established in 1997. 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 Foundation 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 06/2023, Patterson Foundation generated $14.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $11.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Patterson Foundation has awarded 30 individual grants totaling $22,838,008. 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 |
|---|---|---|---|
John T Berteau Chairman Emeritus | 3 | $0 | |
Ric Gregoria Chairman | 3 | $0 | |
Charles D Bailey Jr Vice Chairman | 3 | $0 | |
Debra Jacobs President & CEO | 40 | $458,547 | |
Northern Trust Trustee | 40 | $659,706 | |
Dave Bullock Governing Board Member | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ad Vance Talent Solutions Inc | 6/29/23 | $781,300 |
One Sarasota Tower Lllp | 6/29/23 | $205,839 |
No Margin No Mission Llc | 6/29/23 | $267,000 |
Magnify Good | 6/29/23 | $161,725 |
Coryea Consulting Llc | 6/29/23 | $183,471 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,232,755 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,332,794 |
| Capital Gain Net Income | $10,339,668 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $14,565,549 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,047,993 |
| Other employee salaries and wages | $366,123 |
| Pension plans, employee benefits | $296,895 |
| Interest | $0 |
| Taxes | $287,990 |
| Depreciation | $22,999 |
| Occupancy | $293,328 |
| Travel, conferences, and meetings | $269,908 |
| Printing and publications | $0 |
| Other expenses | $2,090,996 |
| Total operating and administrative expenses | $6,828,988 |
| Contributions, gifts, grants paid | $5,013,448 |
| Total expenses and disbursements | $11,842,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,764,539 |
| 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 | $391,276 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $113,889,714 |
| Net Land, buildings, and equipment | $54,173 |
| Other assets | $829,333 |
| Total assets | $279,008,014 |
| Accounts payable and accrued expenses | $553,601 |
| Grants payable | $81,192 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,769,939 |
| Total liabilities | $2,404,732 |
Grants Awarded
Over the last fiscal year, The Patterson Foundation has awarded $5,932,256 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
THE BAY PARK CONSERVANCY INC PURPOSE: PROPELLING POSITIVE MOMENTUM IN FUNDRAISING EFFORT | $1,000,000 |
CENTER FOR DISASTER PHILANTROPY PURPOSE: ATLANTIC HURRICANE RECOVERY FUND - SUPPORT FOR HURRICANE FIONA; TURKEY & SYRIA EARTHQUAKE RECOVERY FUND; US TORNADOES RECOVERY FUND | $725,000 |
COMMUNITY FOUNDATION OF SARASOTA COUNTY PURPOSE: EDEXPLORESRQ ENDOWMENT FUND; NURTURE FUND; SEASON OF SHARING; SUNCOAST DISASTER RECOVERY FUND - HURRICANE IAN; PAY IT FORWARD FUND; TPF DONOR ADVISED FUND | $3,436,236 |
FOUNDATIONS INC PURPOSE: NATIONAL CAMPAIGN FOR GRADE LEVEL READING | $250,000 |
GULF COAST COMMUNITY FOUNDATION OF VENICE PURPOSE: NURTURE FUND | $100,000 |
HARWOOD INSTITUTE PURPOSE: HARWOOD CIRCLE OF CATALYTIC FUNDERS | $50,000 |