Civic Intelligence

Patricks Promise Foundation

990EZ • Fiscal year 2023 • EIN 47-7040951

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 18, 2024

33 Leach LaneNatick, MA 01760

(240) 485-6368

Siviq Scores

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

Liabilities / Assets

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

0.17x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

51st percentile

3.5%

Higher net margin than 51% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

60th percentile

7.2%

Faster asset growth than 60% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

28th percentile

-16%

Faster revenue growth than 28% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$55,304

Up $3,737 (+7.2%) from 2022

Net Assets

Up

$52,204

Up $637 (+1.2%) from 2022

Liabilities

$3,100

No earlier filing loaded for comparison.

Revenue

Down

$18,141

Down $3,518 (-16%) from 2022

Expenses

Up

$17,504

Up $2,238 (+15%) from 2022

Net Income

Down

$637

Down $5,756 (-90%) from 2022

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2016: $25,989Liabilities 2016: $02016Assets 2017: $38,815Net Assets 2017: $38,8152017Assets 2018: $39,426Net Assets 2018: $39,4262018Assets 2019: $37,742Net Assets 2019: $37,7422019Assets 2020: $37,700Net Assets 2020: $37,7002020Assets 2021: $45,174Net Assets 2021: $45,1742021Assets 2022: $51,567Net Assets 2022: $51,5672022Assets 2023: $55,304Liabilities 2023: $3,100Net Assets 2023: $52,2042023Assets 2024: $41,245Net Assets 2024: $41,2452024Assets 2025: $34,354Net Assets 2025: $34,3542025

Highlighted filing

2023

Assets$55,304
Liabilities$3,100
Net Assets$52,204

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60K$40K$20K$0-$20KRevenue 2016: $47,205Expenses 2016: $22,119Net Income 2016: $25,0862016Revenue 2017: $28,936Expenses 2017: $16,110Net Income 2017: $12,8262017Revenue 2018: $25,081Expenses 2018: $24,470Net Income 2018: $6112018Revenue 2019: $26,181Expenses 2019: $27,865Net Income 2019: -$1,6842019Revenue 2020: $8,216Expenses 2020: $8,258Net Income 2020: -$422020Revenue 2021: $19,400Expenses 2021: $11,926Net Income 2021: $7,4742021Revenue 2022: $21,659Expenses 2022: $15,266Net Income 2022: $6,3932022Revenue 2023: $18,141Expenses 2023: $17,504Net Income 2023: $6372023Revenue 2024: $18,695Expenses 2024: $29,654Net Income 2024: -$10,9592024Revenue 2025: $19,440Expenses 2025: $26,331Net Income 2025: -$6,8912025

Highlighted filing

2023

Revenue$18,141
Expenses$17,504
Net Income$637
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 18, 2024
Return Version
2023v4.0
Gross Receipts
$38,990
Mission and Program Overview

Mission

The foundation intends to sponsor programs that support healthy habits, physical activities, and educational opportunities for children and young adults who do not otherwise have the means or access to such resources. The foundation has a special focus on anti-bullying initiatives.

Program Services

DescriptionGrantsExpenses
THE ORGANIZATION HOLDS 3 FUNDRAISERS/PROGRAMS PER YEAR 1) GRANT COLLEGE SCHOLARSHIPS 2) SPONSOR TRAVIS ROY SPEAKING SERIES 3) SPONSOR SPARK$11,875$11,875
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHAUN S SIBLEYTrusteePT$0--
DIANE FAIR-SIBLEYTrusteePT$0--
JAMES G FAIRTrusteePT$0--
CAROLYN BOTHWELLTrusteePT$0--
RYAN FAIRTrusteePT$0--
KATHERINE B FAIRTrusteePT$0--
MARGARET M YASITrusteePT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$26,515$18,495$2,372$16,123
Boston Marathon$5,549---
Total Events$32,064$18,495$17,349$1,146
Filing and Contact Details

Filer

Filer Name
Patricks Promise Foundation
EIN
47-7040951
Phone
2404856368
Address
33 LEACH LANE, NATICK, MA 01760

Signing Officer

Name
Diane Fair-sibley
Title
Trustee
Signed
2024-01-18
Discuss with paid preparer
Yes

Preparer

Firm
Gonzalez and Associates Pc
Address
14 PAGE TERRACE, STOUGHTON, MA 02072
Preparer
Lillian Gonzalez CPA Mst Csep Csrp
Phone
7813441040
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Name: spark kindness address: po box 823 natick, ma 01760 cash contribution: 10,000

Form 990-ez, Part I, Line 16

Expenses advertising/marketing 3,100 general insurance 663 filing fees 35 website costs 433 software 429 total 4,660

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 3,100

Form 990-ez, Part III

The foundation intends to sponsor programs that support healthy habits, physical activities, and educational opportunities for children and young adults who do not otherwise have the means or access to such resources. The foundation has a special focus on anti-bullying initiatives.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: SPARK KINDNESS ADDRESS: PO BOX 823 NATICK, MA 01760 CASH CONTRIBUTION: 10,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING/MARKETING 3,100 GENERAL INSURANCE 663 FILING FEES 35 WEBSITE COSTS 433 SOFTWARE 429 TOTAL 4,660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 3,100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION INTENDS TO SPONSOR PROGRAMS THAT SUPPORT HEALTHY HABITS, PHYSICAL ACTIVITIES, AND EDUCATIONAL OPPORTUNITIES FOR CHILDREN AND YOUNG ADULTS WHO DO NOT OTHERWISE HAVE THE MEANS OR ACCESS TO SUCH RESOURCES. THE FOUNDATION HAS A SPECIAL FOCUS ON ANTI-BULLYING INITIATIVES.
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