Civic Intelligence

Patrick Brett Foundation Inc

EIN 46-2394636 • 501(c)3 • Saint Petersburg, FL

Profile

The patrick brett foundation will offer guidance, nurture ambition, promote leadership, and encourage positive change in the community, while honoring the selfless values of our friend, patrick brett.

425 15th Ave NESaint Petersburg, FL 33704-4704

www.patrickbrettfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

11th percentile

-76%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-25%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-47%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $136,580 (-100%) from 2020

Liabilities

Flat

$0

Flat from 2020

Net Assets

Down

$0

Down $136,580 (-100%) from 2020

Revenue

Down

$29,693

Down $29,927 (-50%) from 2020

Expenses

Up

$166,273

Up $61,202 (+58%) from 2020

Net Income

Down

-$136,580

Down $91,129 (-200%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200K$150K$100K$50K$0Assets 2016: $83,080Liabilities 2016: $0Net Assets 2016: $83,0802016Assets 2017: $116,736Liabilities 2017: $0Net Assets 2017: $116,7362017Assets 2018: $128,294Liabilities 2018: $0Net Assets 2018: $128,2942018Assets 2019: $182,031Liabilities 2019: $0Net Assets 2019: $182,0312019Assets 2020: $136,580Liabilities 2020: $0Net Assets 2020: $136,5802020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$100K$0-$100K-$200KRevenue 2016: $93,802Expenses 2016: $10,722Net Income 2016: $83,0802016Revenue 2017: $85,795Expenses 2017: $52,139Net Income 2017: $33,6562017Revenue 2018: $98,681Expenses 2018: $87,123Net Income 2018: $11,5582018Revenue 2019: $112,380Expenses 2019: $58,643Net Income 2019: $53,7372019Revenue 2020: $59,620Expenses 2020: $105,071Net Income 2020: -$45,4512020Revenue 2021: $29,693Expenses 2021: $166,273Net Income 2021: -$136,5802021

Highlighted filing

2021

Revenue$29,693
Expenses$166,273
Net Income-$136,580

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 26, 2022
Return Version
2021v4.1
Gross Receipts
$29,693
Mission and Program Overview

Mission

The patrick brett foundation will offer guidance, nurture ambition, promote leadership, and encourage positive change in the community, while honoring the selfless values of our friend, patrick brett.

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE O$100,000$121,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERRANCE BRETTPresidnetPT$0--
Filing and Contact Details

Filer

Filer Name
Patrick Brett Foundation Inc
EIN
46-2394636
Address
425 15TH AVE NE, SAINT PETERSBURG, FL 33704-4704

Signing Officer

Name
Terrance Brett
Title
President
Phone
7272351401
Signed
2022-01-26
Discuss with paid preparer
Yes

Preparer

Firm
Accounting Results LLC
Address
6437 CENTRAL AVENUE, SAINT PETERSBURG, FL 33710
Preparer
Vanessa Chlapowski
Phone
7273220029
Supplemental Narrative

Additional Explanations

List of grants and similar amounts paid Part I line 10

Activity scholarships grantee st pete college foundation inc street po box 13489 city, state, zip saint petersburg, fl 33733amount 121,500activity donation grantee pat brett endowment at st pete collamount 39,214

Description of other expenses Part I line 16

Description amountadvertising 380bank charges 30internet and software 2,400postage & mailing 239supplies 340taxes, licenses & fees 136equip rental 250

Personal benefit contract statement Part V

The organization did not, during the year, receive any funds, directly or indirectly to pay premiums on a personal benefit contract. The organization did not during the year pay any premiums directly or indirectly on a personal benefit contract.

Part III response or note to any other line in Part III

Primary exmpt purpose -the patrick brett foundation will offer guidance, nurture ambition, promote leadership, & encourage positive change in the community, while honoring the selfless values of our friend, patrick brett. Line 28 program service accomplishments: fresh start scholarships - each year the patrick brett foundation offers fresh start scholarships to students of st petersburg college whose educational path was interrupted and now need a fresh start to move their educational goals ahead. The scholarship was crated by the founding griends of the patrick brett foundation and is funded through the generosity of friends in the community.the foundation partners with the st. Petersburg college foundation which sets out the requirements that are needed to become a fresh start scholarship recipient. All applications for the scholarship are made directly through the college. The st petersburg college screens the applicants and provices our foundation with the applicants htat meet our criteria. The patrick brett foundation scholarship committee then reviews the applications and establishes a list of recommended recipients. The list of recommended recipients is shared with the st petersburg college foundaition and from this list they make the final determination as to who will become a fresh start scholarship recipient. The st petersburg college foundation manages and distributes the funds that we provide to them.

Raw XML Appendix138 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0P BRETT ENDOWMENT AT ST PETE COLLEG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY SCHOLARSHIPS GRANTEE ST PETE COLLEGE FOUNDATION INC STREET PO BOX 13489 CITY, STATE, ZIP SAINT PETERSBURG, FL 33733AMOUNT 121,500ACTIVITY DONATION GRANTEE PAT BRETT ENDOWMENT AT ST PETE COLLAMOUNT 39,214
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTADVERTISING 380BANK CHARGES 30INTERNET AND SOFTWARE 2,400POSTAGE & MAILING 239SUPPLIES 340TAXES, LICENSES & FEES 136EQUIP RENTAL 250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY OR INDIRECTLY TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT. THE ORGANIZATION DID NOT DURING THE YEAR PAY ANY PREMIUMS DIRECTLY OR INDIRECTLY ON A PERSONAL BENEFIT CONTRACT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRIMARY EXMPT PURPOSE -THE PATRICK BRETT FOUNDATION WILL OFFER GUIDANCE, NURTURE AMBITION, PROMOTE LEADERSHIP, & ENCOURAGE POSITIVE CHANGE IN THE COMMUNITY, WHILE HONORING THE SELFLESS VALUES OF OUR FRIEND, PATRICK BRETT. LINE 28 PROGRAM SERVICE ACCOMPLISHMENTS: FRESH START SCHOLARSHIPS - EACH YEAR THE PATRICK BRETT FOUNDATION OFFERS FRESH START SCHOLARSHIPS TO STUDENTS OF ST PETERSBURG COLLEGE WHOSE EDUCATIONAL PATH WAS INTERRUPTED AND NOW NEED A FRESH START TO MOVE THEIR EDUCATIONAL GOALS AHEAD. THE SCHOLARSHIP WAS CRATED BY THE FOUNDING GRIENDS OF THE PATRICK BRETT FOUNDATION AND IS FUNDED THROUGH THE GENEROSITY OF FRIENDS IN THE COMMUNITY.THE FOUNDATION PARTNERS WITH THE ST. PETERSBURG COLLEGE FOUNDATION WHICH SETS OUT THE REQUIREMENTS THAT ARE NEEDED TO BECOME A FRESH START SCHOLARSHIP RECIPIENT. ALL APPLICATIONS FOR THE SCHOLARSHIP ARE MADE DIRECTLY THROUGH THE COLLEGE. THE ST PETERSBURG COLLEGE SCREENS THE APPLICANTS AND PROVICES OUR FOUNDATION WITH THE APPLICANTS HTAT MEET OUR CRITERIA. THE PATRICK BRETT FOUNDATION SCHOLARSHIP COMMITTEE THEN REVIEWS THE APPLICATIONS AND ESTABLISHES A LIST OF RECOMMENDED RECIPIENTS. THE LIST OF RECOMMENDED RECIPIENTS IS SHARED WITH THE ST PETERSBURG COLLEGE FOUNDAITION AND FROM THIS LIST THEY MAKE THE FINAL DETERMINATION AS TO WHO WILL BECOME A FRESH START SCHOLARSHIP RECIPIENT. THE ST PETERSBURG COLLEGE FOUNDATION MANAGES AND DISTRIBUTES THE FUNDS THAT WE PROVIDE TO THEM.
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