Patterson - Schwartz & Associates Foundation Inc in Hockessin, Delaware (DE)

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Patterson - Schwartz & Associates Foundation Inc
Employer Identification Number (EIN)510412797
Name of OrganizationPatterson - Schwartz & Associates Foundation Inc
In Care of NameRichard T Christopher
Address7234 Lancaster Pike Ste 300b, Hockessin, DE 19707-9273
SubsectionCharitable Organization
Ruling Date07/2002
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$1 to $9,999
Income$25,000 to $99,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$2,199
Amount of Income$45,000
Form 990 Revenue Amount$45,000
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising and/or Fund Distribution


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Amount of income in 2014: $45,000 (it was $59,534 in 2013)
This organization: 

 $45,000
Other organizations performing similar types of work: 

 $72,190

Assets in 2014: $2,199 (it was $1,959 in 2013)
Patterson - Schwartz & Associates Foundation Inc: 

 $2,199
Other organizations performing similar types of work: 

 $42,723

Expenses in 2013: $58,465
Patterson - Schwartz & Associates Foundation Inc: 

 $58,465
Other organizations performing similar types of work: 

 $42,209

Income to expenses ratio in 2013: 0.8
This organization: 

 0.8
Other organizations performing similar types of work: 

 0.4

Grants share in income in 2013: 100.0%
This organization: 

 100.0%
Other organizations performing similar types of work: 

 4.7%

Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$40,000$61,150$59,534
Contributions, gifts, grants, and similar amounts received$40,000$61,150$59,534
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$0$0
Total expenses$36,623$64,690$58,465
Total net assets$4,430$889$1,959
Excess/Deficit for the year$3,377$-3,540$1,069
Net assets or fund balances at beginning of year$1,053$4,429$890
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$1,959
Balance Sheets
201120122013
Total assets$4,430$889$1,959
Total liabilities$0$0$0
Net assets or fund balances$4,430$889$1,959
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$268,034
Subtotal$268,034
Gifts, grants, contributions, and membership fees received$268,034
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Less$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$268,034
Public support$268,034
Subtotal$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Community Hope Of Delaware Incorporated750 Otts Chapel Rd, Newark, DE 19713-1100DE2005-06$2,435,946
2Rotary International, South Hill Rotary ClubPO BOX 922, South Hill, VA 23970-0922VA2008-06$70,044
3Happy Davis FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE2008-04$10,209,888
4Micol Schejola Foundation, Schejola Linda Saul Ttee501 Silverside Rd Ste 123, Wilmington, DE 19809-1377DE2001-01$2,788,325
5Private Equity Foundation I Inc1000 N West St 1200, Wilmington, DE 19801DE2007-10$1,150,499
6Delisi Family Foundation, Elizabeth Delisi TteeFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE2007-08$1,059,821
7Charles Timmons FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE2013-03$953,376
8Mackay Family FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE2007-12$438,218
9Horsey Family Youth Foundation Inc28107 Beaver Dam Branch Rd, Laurel, DE 19956-2543DE2009-05$215,392
10Delaware Lions Foundation IncPO BOX 393, Camden, DE 19934-0393DE2012-11$77,942
11Emanuel FoundationFoundation Source 501 Silverside Rd, Wilmington, DE 19809DE2010-06$29,845
12Friends Of Killens Pond State Park Inc5025 Killens Pond Rd, Felton, DE 19943DE2010-08$6,336
13Sirach Foundation Inc501 Silverside Rd Ste 123, Wilmington, DE 19809-1377DE2003-12$1
14Diamond State Roller Girls IncPo Box 5625, Wilmington, DE 19808DE2014-11$0
15Donormarket IncPo Box 4663, Wilmington, DE 19807DE2007-12$0
16Friends Of The New Cities Foundation1209 Orange St, Wilmington, DE 19801DE2013-11$0
17Guilty Girls Giving Group Inc103 Brook Valley Rd, Wilmington, DE 19807-2003DE2015-01$0
18International Alert Inc1000 N West Street Suite 1200, Wilmington, DE 19801DE2009-11$0
19Laurel Ruritan Club1006 West St, Laurel, DE 19956DE2014-07$0
20Myers Pointe Incorporated73 Greentree Dr Ste 347, Dover, DE 19904-7646DE2014-10$0
Number of organizations performing similar types of work
Alaska6
Alabama40
Arkansas22
Arizona64
California413
Colorado82
Connecticut60
District of Columbia24
Delaware23
Florida243
Georgia99
Hawaii14
Iowa31
Idaho14
Illinois135
Indiana57
Kansas27
Kentucky41
Louisiana31
Massachusetts116
Maryland90
Maine12
Michigan90
Minnesota68
Missouri61
Mississippi13
Montana14
North Carolina108
North Dakota7
Nebraska16
New Hampshire17
New Jersey148
New Mexico10
Nevada35
New York266
Ohio131
Oklahoma35
Oregon47
Pennsylvania143
Rhode Island26
South Carolina46
South Dakota11
Tennessee50
Texas243
Utah31
Virginia114
Vermont7
Washington72
Wisconsin58
West Virginia18
Wyoming8
International7
Total3,544

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