Overview
What is Pat Foundation Inc?
Pat Foundation Inc, based in Pattonville, Texas (specifically at 466 FM 196), is a dedicated nonprofit organization. Their primary mission is to offer financial aid in the form of scholarships to students who are about to graduate from Prairiland Independent School District. By providing these scholarships, the foundation aims to support the educational aspirations of local youth, thereby contributing to their future success. This philanthropic endeavor underscores the organization's commitment to fostering opportunities for growth and development in the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
Pat Foundation Inc has received a two-star rating from Charity Navigator, reflecting a "Needs Improvement" status with an overall score of 73%. The organization demonstrates strong accountability and finance practices, notably scoring full points for having a majority independent board and no material diversion of assets. Additionally, their program expense ratio is commendable at 99.04%, indicating that a significant portion of their expenditures goes directly to programs rather than overhead.
However, the foundation has several areas that require attention. Key policies, including conflict of interest, whistleblower, and document retention, are missing, which has resulted in low scores for these aspects. Furthermore, the foundation's website does not list its tax form, which could hinder transparency and public trust.
Overall, while Pat Foundation Inc shows promise in its financial management and commitment to programs, the lack of essential policies and transparency measures highlights significant areas for improvement. Addressing these limitations could enhance the organization's credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pat Foundation Inc legitimate?
Pat Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pat Foundation Inc 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.
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What is the mission statement of Pat Foundation Inc?
The Pat Foundation Inc, as outlined in its mission, is committed to offering financial assistance to graduating seniors from Prairiland Independent School District. This aid serves as a means to recognize and support the educational achievements of these students, empowering them to pursue their future endeavors. The foundation's primary objective is to provide scholarships, thereby contributing to the educational development of its recipients. The Pat Foundation Inc's mission reflects its dedication to investing in the future of these young individuals, offering them the opportunity to continue their educational journey beyond high school.
Who is the CEO of Pat Foundation Inc?
Jason Hostetler is the Board Member of Pat Foundation Inc.
What is the revenue of Pat Foundation Inc?
Pat Foundation Inc's revenue in 2022 was $35,063.
Who are the executives of Pat Foundation Inc and what are their salaries?
There 18 volunteers at Pat Foundation Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Pat Foundation Inc?
Pat Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pat Foundation Inc
Pat Foundation Inc, in its mission, focuses on providing financial aid to graduating seniors hailing from Prairiland ISD. The organization's primary objective is to alleviate the financial burden associated with higher education for these students. By offering scholarships, it aims to empower these individuals, enabling them to pursue their academic goals and ultimately, contribute to society in their own unique ways. Through this initiative, Pat Foundation Inc plays a significant role in fostering educational opportunities and fostering a brighter future for these young scholars.
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Impact
August, 2024
Pat Foundation Inc's impact is evident through its provision of scholarships to graduating seniors of Prairiland ISD in Pattonville, TX. By supporting students in furthering their education, the foundation is making a direct and tangible contribution to the educational and career advancement of young individuals in the local community.
This information is meant to be a general summary of Pat Foundation Inc. 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: $16,096
- Gross Receipts: $42,132
Assets and Liabilities:
- Total Assets: $842,280
- Total Liabilities: $0
- Net Assets: $842,280
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Organization Details
Founding Year
1997
Phone
(903) 652-6476Principal Officer
Jason Hostetler
Main Address
466 FM 196, Pattonville, TX, 754683257
NTEE Category
Code: P80 - Human services
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