85 Patriot Fund
- Assets
- $4.5k
- Revenue
- $18.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2022
- EIN
- 87-2378038
Organization Overview
85 Patriot Fund is located in Charlotte, NC. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. 85 Patriot Fund 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, 85 Patriot Fund generated $18.8k in total revenue. All expenses for the organization totaled $14.5k during the year ending 12/2022. While expenses have increased by 261.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP TO DEPAUL UNIVERSITY FBO MONICA KROL
SCHOLARSHIP TO CLEMSON UNIVERSITY FBO CATHIANA GERMAIN
SCHOLARSHIP TO UNIVERSITY OF VERMONT FBO TOM STRATHAM
SCHOLARSHIP TO ASSUMPTION COLLEGE FBO JAMIE ERICKSON
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Cascio President | 3 | $0 | |
Marc Digeronimo Vice President | 1 | $0 | |
Richard Fuller Treasurer | 2 | $0 | |
Matthew Harley Secretary | 1 | $0 | |
David Ferrera Parliamentarian | 1 | $0 | |
Donald Raimon Manager | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,772 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,772 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $829 |
| Total operating and administrative expenses | $1,528 |
| Contributions, gifts, grants paid | $13,000 |
| Total expenses and disbursements | $14,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,496 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,496 |
| 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, 85 Patriot Fund has awarded $13,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DEPAUL UNIVERSITY PURPOSE: SCHOLARSHIP | $10,000 |
CLEMSON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
ASSUMPTION UNIVERSITY PURPOSE: SCHOLARSHIP | $1,000 |
UNIVERSITY OF VERMONT PURPOSE: SCHOLARSHIP | $1,000 |