Civic Intelligence

Patrick Brett Foundation Inc

990EZ • Fiscal year 2020 • EIN 46-2394636

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 08, 2021

425 15th Ave NESaint Petersburg, FL 33704-4704

(727) 235-1401

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.00x

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

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

Liabilities / Revenue

55th percentile

0.00x

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

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

Net Margin

9th percentile

-76%

Higher net margin than 9% of similar nonprofits.

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

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

17th percentile

-25%

Faster asset growth than 17% of similar nonprofits.

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

Revenue Growth

24th percentile

-47%

Faster revenue growth than 24% of similar nonprofits.

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

Assets

Down

$136,580

Down $45,451 (-25%) from 2019

Net Assets

Down

$136,580

Down $45,451 (-25%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$59,620

Down $52,760 (-47%) from 2019

Expenses

Up

$105,071

Up $46,428 (+79%) from 2019

Net Income

Down

-$45,451

Down $99,188 (-185%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$136,580
Liabilities$0
Net Assets$136,580

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$59,620
Expenses$105,071
Net Income-$45,451
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 8, 2021
Return Version
2020v4.1
Gross Receipts
$59,620
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$100,000
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
Terry Brett
Title
President
Phone
7272351401
Signed
2021-08-08
Discuss with paid preparer
No

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 100,000

Description of other expenses Part I line 16

Description amountprogram related refunds 550advertising 192bank charges 324internet and software 1,800postage & mailing 114printing & copying 1,305taxes, licenses & fees 186

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 Appendix133 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SAINT PETERSBURG
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACTIVITY SCHOLARSHIPS GRANTEE ST PETE COLLEGE FOUNDATION INC STREET PO BOX 13489 CITY, STATE, ZIP SAINT PETERSBURG, FL 33733AMOUNT 100,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTPROGRAM RELATED REFUNDS 550ADVERTISING 192BANK CHARGES 324INTERNET AND SOFTWARE 1,800POSTAGE & MAILING 114PRINTING & COPYING 1,305TAXES, LICENSES & FEES 186
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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0List of grants and similar amounts paid Part I line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Personal benefit contract statement Part V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part III response or note to any other line in Part III
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/ReturnTs02021-08-08T15:15:59-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRY
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ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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