Patricks Purpose Foundation
- Assets
- $320.8k
- Revenue
- $186.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 83-1475192
Organization Overview
Patricks Purpose Foundation is located in Newport Beach, CA. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Patricks Purpose 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 12/2022, Patricks Purpose Foundation generated $186.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $167.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE MENTAL WELLNESS IN SCHOOLS AND CREATE A STUDENT-DRIVEN CULTURE OF KINDNESS THROUGH EDUCATIONAL PROGRAMS AND INITIATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTED MENTAL WELLNESS BY HOSTING COMMUNITY FORUMS, STUDENT ASSEMBLIES AND OTHER EVENTS AIMED AT INCREASING MENTAL HEALTH AWARENESS.
CONTRIBUTION TO CDM FOUNDATION TO FUND THE FAMILY LIAISON STAFF MEMBER AT CORONA DEL MAR HIGH SCHOOL.
CONTRIBUTIONS TO LOCAL HOSPITALS AND ORGANIZATIONS TO SUPPORT ESTABLISHED MENTAL HEALTH PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Turner President | OfficerTrustee | 15 | $0 |
Jan Zucker Treasurer | OfficerTrustee | 1 | $0 |
Emily Turner Vice-Preside | OfficerTrustee | 5 | $0 |
Gary Edwards Board Member | Trustee | 1 | $0 |
Shannon Eusey Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,597 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,097 |
| Total Program Service Revenue | $0 |
| Investment income | $2,425 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,700 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $110,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $605 |
| Office expenses | $685 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,143 |
| All other expenses | $5,147 |
| Total functional expenses | $167,664 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,325 |
| Savings and temporary cash investments | $162,499 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $320,824 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $320,824 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $320,824 |
Grants Awarded
Over the last fiscal year, Patricks Purpose Foundation has awarded $110,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Newport Beach, CA PURPOSE: EDUCATIONAL | $50,000 |
Claremont, CA PURPOSE: EDUCATIONAL | $25,000 |
Newport Beach, CA PURPOSE: EDUCATIONAL | $25,000 |
TAD HEALTH PURPOSE: EDUCATIONAL | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Patricks Purpose Foundation has recieved totaling $13,055.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $7,750 |
Frome Family Foundation Costa Mesa, CA PURPOSE: SOCIAL SERVICES | $2,500 |
Cable Family Foundation Newport Beach, CA PURPOSE: PROGRAM SUPPORT | $1,500 |
The Mellor Family Foundation Laguna Beach, CA PURPOSE: GENERAL SUPPORT | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $205 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 12/03/21 | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |