George William Patton & Mary Patton Foundation Trust B
- Assets
- $12.4m
- Revenue
- $423.8k
- Investments
- $11.7m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 95-3382952
Organization Overview
George William Patton & Mary Patton Foundation Trust B is located in Dallas, TX. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George William Patton & Mary Patton Foundation Trust B 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, George William Patton & Mary Patton Foundation Trust B generated $423.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $847.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, George William Patton & Mary Patton Foundation Trust B has awarded 39 individual grants totaling $3,361,600. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $338,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,297 |
| Capital Gain Net Income | $85,297 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $423,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $117,936 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,064 |
| Total operating and administrative expenses | $139,611 |
| Contributions, gifts, grants paid | $707,835 |
| Total expenses and disbursements | $847,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $706,209 |
| 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 | $12,376,547 |
| 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, George William Patton & Mary Patton Foundation Trust B has awarded $707,835 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
LAKE CITY MUNICIPAL GOVERNMENT PURPOSE: PATTON MEMORIAL PARK | $2,000 |
BEXLEY HALL SEABURY WESTERN SEMINARY PURPOSE: UNRESTRICTED GENERAL | $140,767 |
LAKE CITY EDUCATION FOUNDATION PURPOSE: FOR PATTON SCHOLARSHIP FUND | $1,000 |
UNIVERSITY OF MINNESOTA FOUNDATION PURPOSE: GEORGE WM PATTON MEMORIAL | $1,000 |
MINNESOTA PEO HOME FUND PURPOSE: UNRESTRICTED GENERAL | $140,767 |
LOS ANGELES ORPHANAGE MARYVALE PURPOSE: UNRESTRICTED GENERAL | $140,767 |