Patrick Cantlay Foundation
- Assets
- $49.3k
- Revenue
- $13.8k
- Investments
- $48.7k
- Employees
- 0
- Location
- Berwyn, PA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4040240
Organization Overview
Patrick Cantlay Foundation is located in Berwyn, PA. 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 Cantlay 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 12/2021, Patrick Cantlay Foundation generated $13.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (69.8%) each year. All expenses for the organization totaled $82.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PATRICK CANTLAY FOUNDATION'S MISSION IS TO PROVIDE SUPPORT TO THE GAME OF JUNIOR GOLF AND TO SUPPORT OTHER CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY ACCOMPLISHMENT OF THIS ORGANIZATION WILL BE THE CONTRIBUTION OF FUNDS TO THE SOUTHERN CALIFORNIA PGA FOUNDATION. THE CONTRIBUTION WILL BE USED TO INTRODUCE STUDENTS TO GOLF THROUGH AFTER SCHOOL ENRICHMENT, PHYSICAL EDUCATION PROGRAMS, AND COMMUNITY EVENTS.
AN ADDITIONAL ACCOMPLISHMENT OF THIS ORGANIZATION WILL BE THE CONTRIBUTION OF FUNDS TO THE FIRST RESPONDERS CHILDREN'S FOUNDATION. THE CONTRIBUTION WILL BE USED TO SUPPORT A VARIETY OF NEEDS OF THE FAMILIES OF FIRST RESPONDERS, INCLUDING DIRECT FINANCIAL ASSISTANCE, BEREAVEMENT GRANTS, COLLEGE SCHOLARSHIPS, AND TOYS AT THE HOLIDAYS.
AN ADDITIONAL ACCOMPLISHMENT OF THIS ORGANIZATION WILL BE THE CONTRIBUTION OF FUNDS TO THE SERVITE HIGH SCHOOL GOLF PROGRAM. THE FUNDS WILL BE UTILIZED SPECIFICALLY BY THE SCHOOL'S GOLF PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Parick Cantlay President | OfficerTrustee | 2 | $0 |
Baird Fogel Director | Trustee | 2 | $0 |
Edward Antoian Director | Trustee | 2 | $0 |
Mark Flaherty Director | Trustee | 2 | $0 |
Stanley Drunkenmiller Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $4,206 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,267 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,826 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| 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 | $1,631 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $82,190 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $579 |
| Savings and temporary cash investments | $0 |
| 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 | $48,712 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $49,291 |
| 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 | $0 |
| 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 | $49,291 |
| Total liabilities and net assets/fund balances | $49,291 |
Grants Awarded
Over the last fiscal year, Patrick Cantlay Foundation has awarded $80,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Ontario, CA PURPOSE: TO PROVIDE SOUTH CALIFORNIA YOUTHS WITH OPPORTUNITIES TO ACQUIRE SUSTAINABLE LIFE SKILLS AND VALUES OBTAINED THROUGH THE GAME OF GOLF. | $50,000 |
New York, NY PURPOSE: PROVIDE FURTHER FINANCIAL SUPPORT TO THE CHILDREN AND FAMILIES OF FIRST RESPONDERS. | $25,000 |
SERVITE HIGH SCHOOL GOLF PURPOSE: TO PROVIDE PATRICK CANTLAY'S ALMA MATER - SPECIFICALLY THEIR GOLF PROGRAM - THE RESOURCES TO SUPPORT THE CONTINUED DEVELOPMENT OF YOUTH GOLFERS. | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Patrick Cantlay Foundation has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Pga Tour Charities Inc Ponte Vedra Beach, FL PURPOSE: General Support | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
Jacob And Hilda Blaustein Foundation Inc Baltimore, MD | $130,688,531 | $27,779,767 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
Clark-Winchcole Foundation Bethesda, MD | $197,708,650 | $12,024,655 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |