Overview
What is Patriot Foundation?
The Patriot Foundation is a nonprofit organization situated in Pinehurst, North Carolina. Their primary mission involves distributing privately raised funds to various downstream nonprofits, specifically providing support for the families of soldiers stationed at Fort Bragg, North Carolina (Airborne), Fort Campbell, Kentucky (Air Assault), special operations soldiers, and other selected warriors. In addition to this, the organization receives federal and state grants that are granted to students who meet certain criteria, through an in-house application process. The Patriot Foundation's core activity revolves around fundraising, with a focus on providing scholarship funds for the families of servicewomen and men who have been killed, wounded, or injured while serving our nation. The organization has a small team of 4 employees dedicated to its cause.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
The Patriot Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance management. With an impressive score of 94 in this area, the organization demonstrates responsible stewardship of funds, evidenced by a low liabilities to assets ratio of just 0.03%. The high program expense ratio of 92.31% indicates that a significant portion of its expenditures directly supports its mission.
In addition to financial health, the foundation excels in feedback collection and usage, receiving perfect scores in these categories. This highlights its dedication to engaging with stakeholders and adapting its programs based on community needs. Furthermore, the organization has shown effectiveness in addressing challenges, scoring 100 on that front as well.
However, while the foundation's culture and community score of 83 is solid, there is room for improvement in its equity strategies, which scored 75 out of 100. This suggests that, despite its overall strengths, the organization could enhance its efforts to promote equity within its initiatives and outreach. Overall, the Patriot Foundation stands out for its financial integrity and responsiveness to feedback, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Patriot Foundation legitimate?
Patriot Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Patriot Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,600
For more financial information, click here
What is the mission statement of Patriot Foundation?
The Patriot Foundation serves as a fundraising organization, focusing on providing scholarship funds for the families of service personnel who have been killed, wounded, or injured while serving our nation. Its mission is to distribute the privately raised funds to downstream non-profits, offering support to the families of military personnel from Fort Bragg, North Carolina (Airborne), Fort Campbell, Kentucky (Air Assault), Special Operations soldiers, and other selected warriors. The organization also receives federal and state grants, which are awarded to eligible students through an internal application process based on legislative requirements.
Who is the CEO of Patriot Foundation?
Kim Gilley is the Chairman As Of 10/1/2022 of Patriot Foundation.
What is the revenue of Patriot Foundation?
Patriot Foundation's revenue in 2022 was $3,205,144.
Who are the executives of Patriot Foundation and what are their salaries?
The average compensation at Patriot Foundation during 2022 was $17,400. There are 4 employees and 36 volunteers at Patriot Foundation.
Here are 11 key members and their salaries:
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- Compensation: $18,662
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- Compensation: $39,231
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Where can I find the form 990 for Patriot Foundation?
Patriot Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Patriot Foundation
The Patriot Foundation, a philanthropic organization, is dedicated to raising funds for the families of servicewomen and men who have been killed, wounded, or injured while serving our nation. The mission of this organization is to provide financial assistance in the form of scholarships to these families, offering them much-needed support during their difficult times. The Patriot Foundation distributes these private funds to downstream non-profit organizations that provide various forms of support to the families of service members from Fort Bragg, North Carolina (Airborne); Fort Campbell, Kentucky (Air Assault); Special Operations soldiers; and other selected warriors. In addition to its fundraising efforts, the Patriot Foundation also receives federal and state grants. These grants are awarded to students who meet certain requirements, as outlined by the legislature, through an in-house application process.
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Impact
October, 2024
The Patriot Foundation provides crucial support to the families of service members who have been killed, wounded, or injured in the line of duty. By fundraising and distributing private funds to downstream non-profits, the organization ensures that families connected to Fort Bragg, Fort Campbell, Special Operations Soldiers, and other selected warriors receive the financial assistance they need to cope with their circumstances.
Through scholarship funds, the foundation alleviates some of the financial burdens faced by these families, enabling them to pursue educational opportunities and achieve their goals. The organization also leverages federal and state grants to further assist students who meet specific legislative requirements, enhancing access to education for affected families. Overall, the Patriot Foundation plays a vital role in uplifting and empowering those who have sacrificed for the nation.
This information is meant to be a general summary of Patriot Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $28,831
- Gross Receipts: $3,205,144
Assets and Liabilities:
- Total Assets: $1,727,446
- Total Liabilities: $7,707
- Net Assets: $1,719,739
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Organization Details
Founding Year
2003
Phone
(910) 315-9292Principal Officer
Kim Gilley
Main Address
PO BOX 5069, PINEHURST, NC, 283745069
NTEE Category
Code: N11 - Recreation
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