Overview
What is Gary Patterson Foundation?
The Gary Patterson Foundation, based in Fort Worth, Texas, is a tax-exempt, non-profit organization spearheaded by TCU Head Football Coach Gary Patterson. Its primary mission is to support economically disadvantaged children in and around Fort Worth, offering funding for educational programs, life skills, and health initiatives. The foundation aims to create equal educational opportunities for all children, providing grants to local schools and other non-profit organizations devoted to this cause. By offering scholarships and supporting programs, the Gary Patterson Foundation strives to make a meaningful impact in the community.
Official website here: www.pattersonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 73%. This rating indicates that while the Gary Patterson Foundation demonstrates some strong governance and financial practices, there are significant areas needing attention, particularly regarding transparency and compliance with best practices.
The foundation has an exemplary independent board composition, with 100% of its members being independent. It also maintains a sound program expense ratio of 82.27%, indicating that the majority of its expenditures are directed towards its programs. However, the lack of financial statements and several missing policies, such as a whistleblower policy and document retention procedures, raises concerns about its accountability and transparency.
While the organization does not appear to engage in material diversion of assets and has met certain governance standards, the missing documents and policies could hinder stakeholder trust. Improving these areas could enhance its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Gary Patterson Foundation legitimate?
Gary Patterson Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gary Patterson 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: $247,572
Other Salaries and Wages: $0
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Official website here: www.pattersonfoundation.org
What is the mission statement of Gary Patterson Foundation?
The Gary Patterson Foundation is a non-profit organization with a mission to support economically disadvantaged children by providing funding for educational programs, scholarships, life-skills training, and health initiatives. The foundation aims to enhance educational opportunities for all children, promoting equity and bettering their lives within the community. As a tax-exempt organization, its primary objective is to make a significant difference in children's lives through improved educational opportunities.
Official website here: www.pattersonfoundation.org
Who is the CEO of Gary Patterson Foundation?
Kelsey Patterson is the President of Gary Patterson Foundation.
Official website here: www.pattersonfoundation.org
What is the revenue of Gary Patterson Foundation?
Gary Patterson Foundation's revenue in 2022 was $1,308,248.
Official website here: www.pattersonfoundation.org
Who are the executives of Gary Patterson Foundation and what are their salaries?
There 4 volunteers at Gary Patterson Foundation.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.pattersonfoundation.org
Where can I find the form 990 for Gary Patterson Foundation?
Gary Patterson Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pattersonfoundation.org
Learn more at the official website: www.pattersonfoundation.org
Mission Statement of Gary Patterson Foundation
The Gary Patterson Foundation, a tax-exempt, non-profit organization, is committed to supporting economically disadvantaged children in various areas. Its primary focus lies in providing funding for programs and scholarships that emphasize education, life-skills, and health, with the ultimate goal of making a positive impact on the community in Fort Worth, Texas. The foundation's mission is to ensure equitable educational opportunities for all children, striving to uplift them through its initiatives. Gary Patterson, the head football coach at Texas Christian University, serves as the founder and chairman of this noble organization, dedicating his efforts towards the betterment of the community's youth.
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Impact
October, 2024
The Gary Patterson Foundation significantly impacts the Fort Worth community by providing funding for educational programs, scholarships, and life skills initiatives. By focusing on economically challenged children, the foundation works to enhance educational opportunities and address critical health and family issues. In 2022, it awarded grants to various Fort Worth schools and non-profit organizations that administer educational programs, directly benefiting students who face economic hardships. The foundation's commitment to equitable access to education empowers children to overcome barriers and succeed in their academic and personal lives, fostering a brighter future for the community.
This information is meant to be a general summary of Gary Patterson 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: $1,027
- Gross Receipts: $1,616,195
Assets and Liabilities:
- Total Assets: $398,716
- Total Liabilities: $0
- Net Assets: $398,716
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Organization Details
Founding Year
2002
Phone
(702) 586-4180Principal Officer
Kelsey Patterson
Main Address
4404 OVERTON CREST, FORT WORTH, TX, 76109
Website
www.pattersonfoundation.orgNTEE Category
Code: T30 - Philanthropy
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