PATTERSON SCHOOL FOUNDATION INC

EIN: 561938833 501(c)(3) Education

PATTERSON, NC

Total Revenue
$262,421
Total Expenses
$328,689
Total Assets
$2,646,907
Net Assets
$2,295,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NC
Principal Officer
JANET SPOON
Phone
8287545065
Tax Period
2023-07-01 to 2024-06-30

PATTERSON SCHOOL FOUNDATION INC, founded in 1994, is a small nonprofit in the Education sector that reported $262K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $329K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE EDUCATIONAL OPPORTUNITIES WITH A STRONG COMMITMENT TO ENVIRONMENTAL STEWARDSHIP, SUSTAINABLE AGRICULTURE, HISTORICAL PRESERVATION, AND OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $278,139 Revenue: $170,764

TO PROVIDE EDUCATIONAL AND HOUSING FACILITIES FOR COMMUNITY EDUCATIONAL PROGRAMS SUPPORTING ENVIRONMENTAL STEWARDSHIP AND SUSTAINABLE AGRICULTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $91,657
Program Service Revenue $24,561
Investment Income $16,590
Other Revenue $129,613
TOTAL REVENUE $262,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,402
Fundraising Expenses $6,035
Program Expenses $278,139
Other Expenses $245,287
TOTAL EXPENSES $328,689

Year-over-Year Comparison

2023 2022 Change
Revenue $262,421 $313,863 -0.2%
Expenses $328,689 $324,912 +0.0%
Net Income $-66,268 $-11,049 +5.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
9

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
5
$60,351
Total Directors
7
$60,351
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANIE GUGLIELMI DIRECTOR 1.00
Director
$0 $0 $0
DANNY SEAVER CHAIRMAN 2.00
Officer Director
$0 $0 $0
JANET SPOON PRESIDENT/CO-TREASURER 2.00
Officer Director
$0 $0 $0
KITTY GURKIN ROSATI VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
LISA HARTLEY CO-TREASURER 1.00
Officer Director
$0 $0 $0
ED WINEBARGER DIRECTOR 1.00
Director
$0 $0 $0
DAWN TURNER EX OFFICIO DIRECTOR 2.00
Officer Director
$60,351 $0 $60,351
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 No data No data No data No data
2024 $262,421 $328,689 $2,646,907 $-66,268
2023 $313,863 $324,912 $2,721,041 $-11,049
2022 $873,462 $204,668 $2,733,102 $668,794
2021 $272,164 $268,083 $2,564,758 $4,081
2020 $1,529,455 $193,104 $3,141,535 $1,336,351
2019 $367,190 $203,975 $2,101,792 $163,215
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