Patrick Foundation Tr, Patrick John R & Joane M Ttee in Wilmington, Delaware (DE)

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Patrick Foundation Tr, Patrick John R & Joane M Ttee
Employer Identification Number (EIN)061519341
Name of OrganizationPatrick Foundation Tr
Secondary NamePatrick John R & Joane M Ttee
In Care of NameC/O Foundation Source
AddressFoundation Source 501 Silverside Rd, Wilmington, DE 19809
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date09/1998
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1,000,000 to $4,999,999
Income$500,000 to $999,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$1,179,794
Amount of Income$617,573
Form 990 Revenue Amount$104,027
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Private Grantmaking Foundations


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Amount of income in 2013: $617,573 (it was $425,753 in 2012)
Patrick Foundation Tr, Patrick John R & Joane M Ttee: 

 $617,573
Other organizations performing similar types of work: 

 $120,160

Assets in 2013: $1,179,794 (it was $1,158,370 in 2012)
Patrick Foundation Tr, Patrick John R & Joane M Ttee: 

 $1,179,794
Other organizations performing similar types of work: 

 $450,518

Expenses in 2012: $132,016
This organization: 

 $132,016
Other organizations performing similar types of work: 

 $61,287

Income to expenses ratio in 2012: 4.7
This organization: 

 4.7
Other organizations performing similar types of work: 

 7.3

Grants share in income in 2012: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 8.9%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$143,012$141,173$0
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$22
Dividends and interest from securities$34,755
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$108,235
Total expenses and disbursements$132,016$8,668$0$120,588
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$22,385$8,668$10,957
Contributions, gifts, grants paid$109,631
Excess of revenue over expenses and disbursements$10,996
Net investment income$132,505
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$1,158,370$1,377,413
Cash - non-interest-bearing$0
Investments-U.S. and state government obligations$0
Investments-corporate stock$1,148,810
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$9,560
Total liabilities$1
Mortgages and other notes payable$0
Other$1
Total liabilities and net assets/fund balances$1,158,370
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$108,235
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$1,325
Total credits and payments$1,900
2012 estimated tax payments and 2011 overpayment credited to 2012$1,900
Exempt foreign organizations-tax withheld at source$0
Tax paid with application for extension of time to file (Form 8868)$0
Backup withholding erroneously withheld$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Overpayment$575
Amount to be credited to 2013 estimated tax$575
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$1,379,538
Net value of noncharitable-use assets$1,358,840
Minimum investment return$67,942
Distributable Amount (for 2012)
Distributable amount$66,617
Undistributed Income (for 2012)
Distributable amount for 2012$66,617
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Anne Anastasi Charitable FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1998-11$6,831,453
2The@joseph And Catherine Johnson Family Foundation501 Silverside Rd Ste 123, Wilmington, DE 19809-1377DE1998-07$3,627,415
3Charles F Colao Animal Welfare Fund Inc34704 Michelle Dr, Rehoboth Bch, DE 19971-9404DE1997-07$3,267,155
4Winky Foundation Tr1100 N Market St, Wilmington, DE 19890-0001DE1998-07$2,505,307
5Hammonds Family Foundation1007 Barley Mill Rd, Wilmington, DE 19807-2221DE1998-11$1,360,111
6The Robert And Audrey Talbott Foundation501 Silverside Rd Ste 123, Wilmington, DE 19809-1377DE1995-04$1,332,134
7Newcity Foundation, Ferguson Richard A TteeFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1998-06$1,329,554
8Pinkerton FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1995-03$1,218,805
9Patterson Family FoundationBrandywine Trust Co, Hockessin, DE 19707DE1998-07$951,254
10James And Chantal Sheridan FoundationC/O Chapel York1000 N West St, Wilmington, DE 19801DE1997-10$878,697
11Paul T And Aili R Jeffries Foundation200 Bellevue Pkwy Ste 220, Wilmington, DE 19809-3727DE1998-11$693,732
12Patrick Foundation Tr, Patrick John R & Joane M TteeFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE1998-09$617,573
13Victory Fdn, Ttee 42006 01100 N Market St, Wilmington, DE 19890-0001DE1997-11$258,952
14Wmr Fam Foundation Tr, Russell Margaret Ann Ttee1100 N Market St, Wilmington, DE 19890-0001DE1998-07$249,648
15Wakefield Family Fund IncPO BOX 3880, Wilmington, DE 19807-0880DE1997-09$60,611
16Verbena Foundation1100 North Market Street, Wilmington, DE 19890-0900DE1998-07$15,062
17Seed Corn Foundation Tr1100 North Market Street, Wilmington, DE 19890-0001DE1998-07$2,233
18Sonecha Foundation Tr, Sonecha Jay N & Kashmira Co-Ttees220 Continental Dr Ste 410, Newark, DE 19713-4315DE1997-05$1,757
19The Synergy Foundation1100 North Market Street, Wilmington, DE 19890-0001DE1998-07$1,171
20Miraj Foundation109 Walnut Ridge Road, Greenville, DE 19807DE1993-04$1
Number of organizations performing similar types of work
Alaska3
Alabama54
Arkansas18
Arizona59
California546
Colorado120
Connecticut79
District of Columbia27
Delaware43
Florida350
Georgia158
Hawaii18
Iowa57
Idaho23
Illinois317
Indiana81
Kansas53
Kentucky41
Louisiana50
Massachusetts113
Maryland112
Maine18
Michigan202
Minnesota97
Missouri73
Mississippi27
Montana8
North Carolina155
North Dakota2
Nebraska42
New Hampshire19
New Jersey213
New Mexico23
Nevada42
New York524
Ohio206
Oklahoma52
Oregon60
Pennsylvania239
Rhode Island33
South Carolina40
South Dakota12
Tennessee49
Texas377
Utah46
Virginia120
Vermont7
Washington88
Wisconsin89
West Virginia9
Wyoming19
International12
Total5,225

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