PATRIOT OIL COMMUNITY BENEFIT TRUST FUND OF 2002

EIN: 356739129 Community Improvement

GRANADA HILLS, CA

Total Revenue
$74,293
Total Expenses
$127,673
Total Assets
$597,530
Net Assets
$597,530
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
WAYDE HUNTER
Phone
8183633597
Tax Period
2025-01-01 to 2025-12-31

PATRIOT OIL COMMUNITY BENEFIT TRUST FUND OF 2002, founded in 2002, is a micro nonprofit in the Community Improvement sector that reported $74K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $128K exceeded revenue, resulting in a 72% operating deficit.

Mission

The primary purpose of the POCBT2002 is to fund worthy projects that will protect, enhance, beautify, educate, reward or be of general benefit to the residents in the area within its established boundaries.The North Valley Coalitions Board (NVC) acting as the POCBT2002 funds Board will decide the merits and final amounts of any request by residents, community organizations, schools and parks located within its boundaries including any other organization or City and County departments that directly services, benefits or have a nexus with that area (i.e. fire & police).

Program Service Accomplishments

Program 1
Expenses: $125,823 Revenue: $74,293

Program Service AccomplishmentsPARKS We did not fund any major projects this year for the City of Los Angeles Recreation & Parks Department (R&P) although we were in discussion with them to undertake...

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Program Service AccomplishmentsPARKS We did not fund any major projects this year for the City of Los Angeles Recreation & Parks Department (R&P) although we were in discussion with them to undertake a number of restoration projects in Bee and OMelveny Canyon Parks. SCHOOLS (LAUSD) We funded the Van Gogh Elementary School 5th Grade fund raising shortfall so that they could take their field trip. COMMUNITY/SAFETY AWARENESS - The Granada Hills Youth Recreation Center (GHYREC) was our major project this year assisting them in making the City required ADA compliant improvements in their parking area. As a second major project, we provided substantial funding to Supporters of Law Enforcement in Devonshire (S.O.L.I.D) to renovate the LAPD Gang & Narcotics Unit offices. Provided funding for the LAPD Devonshire PALS for the Youth Center Agriculture Program to help them with supplies. We provided funding for the Granada Hills Community Foundation to create a Centennial Website to celebrate the 100-year Anniversary of the founding of Granada Hills. Provided funding to the Southern California Preparedness Foundation to fund CERT classes in Granada Hills. Also provided additional funding as a Diamond Sponsor for the Oktoberfest 2025 fund raising project but limited it to Hope of the Valley, M.E.N.D, S.O.L.I.D. V.F.W 2323 organizations that support our Granada Hills area. Provided additional funding to the Granada Hills Chamber of Commerces Street Faire 2025 and continue to be a Platinum Sponsor of their year-end Holiday Parade 2025 by funding the judges and the trophies. Although we have previously funded the kitchen remodel, the roof repair and the patio restoration , we again came to the rescue of the Veterans of Foreign Wars (VFW 2323) by providing funding to purchase an ice machine and the cost of one-half of a new roof mounted air conditioner. We were a Platinum Sponsor for North Valley YMCAs Thanksgiving Baskets 2025 program to assist needy families over the holiday in the Granada Hills area. MISCELLANEOUS - We continued to allow the Granada Hills Chamber of Commerce to maintain a $9,000 fund in 2025 to be used should the City start charging for the cost of traffic control related to the Holiday Parade, with our guarantee to replenish the fund to $18,000 fund should it become necessary. We continue to provide limited free storage space at our Community Storage Unit for organizations such as the Valley Disaster Preparedness Team for their documents and supplies, and documents for the SCL CAC, which service our Trusts area, as well as to community members who have land use documents or letters that are being disposed of but are worthy of saving for posterity. We also continue to loan three 4-drawer file cabinets to the Granada Hills North Neighborhood Council (GHNNC). We also have 13 x 13 and 10 x 10 popup canopies that we loan out to any local worthy organization for events upon request.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $74,293
Investment Income $0
Other Revenue $0
TOTAL REVENUE $74,293

Expense Breakdown

Grants Paid $125,823
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $125,823
Other Expenses $1,850
TOTAL EXPENSES $127,673

Year-over-Year Comparison

2025 2024 Change
Revenue $74,293 $89,068 -0.2%
Expenses $127,673 $62,834 +1.0%
Net Income $-53,380 $26,234 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH MITEV Trustee 0.25
Director
$0 $0 $0
WAYDE HUNTER President 1.25
Officer Director
$0 $0 $0
BILL COTTER Trustee 0.25
Director
$0 $0 $0
MEG VOLK Trustee 0.25
Director
$0 $0 $0
RALPH KROY INTERM TREAS 0.25
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $74,293 $127,673 $597,530 $-53,380
2024 No data No data No data No data
2023 $154,589 $77,168 $624,676 $77,421
2022 $25,822 $52,926 $547,255 $-27,104
2021 $67,587 $62,965 $574,359 $4,622
2020 $89,571 $46,391 $569,737 $43,180
2019 $164,749 $176,467 $526,557 $-11,718
2018 $68,165 $117,827 $538,275 $-49,662
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