Patent Quality Education & Training Foundation
- Assets
- $165.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-2174233
Organization Overview
Patent Quality Education & Training Foundation is located in Cary, NC. The organization was established in 2018. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patent Quality Education & Training 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 12/2023, Patent Quality Education & Training Foundation generated $5.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $17.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED FINANCIAL, ADVISORY AND OTHER SUPPORT AND ASSISTANCE TO ACCREDITED LAW SCHOOLS FOCUSED ON IMPROVING THE QUALITY AND INTEGRITY OF PROTECTION OF INTELLECTUAL PROPERTY RIGHTS UNDER APPLICABLE PATENT LAWS AND FOR TEACHING AND EQUIPPING STUDENTS WITH PRACTICAL SKILLS IN THE AREA OF PATENT OR OTHER INTELLECTUAL PROPERTY LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Wilson President | 5 | $0 | |
Rachelle Thompson Member | 2 | $0 | |
Thomas Roczylovich Member | 2 | $0 | |
David Sheppard Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,773 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $184 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,930 |
| Other Revenue | $0 |
| Total Revenue | $5,027 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,842 |
| Total expenses | $17,842 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,534 |
| Other assets | $0 |
| Total assets | $165,534 |
| Total liabilities | $0 |
| Net assets or fund balances | $165,534 |