Civic Intelligence

Patterson School Foundation Inc.

990 • Fiscal year 2016 • EIN 56-1938833

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 26, 2016

Organization ProfileN/A
P O Box 500Patterson, NC 28661

(828) 754-5065

Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

9.25x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

22nd percentile

-4.8%

Higher net margin than 22% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

32nd percentile

$0

Higher top officer pay than 32% of similar nonprofits.

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

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

20th percentile

-4.9%

Faster asset growth than 20% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

18th percentile

-10%

Faster revenue growth than 18% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$2,229,141

Down $114,181 (-4.9%) from 2015

Net Assets

Down

-$43,464

Down $11,726 (-37%) from 2015

Liabilities

Down

$2,272,605

Down $102,455 (-4.3%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin22nd percentile

Revenue

Down

$245,807

Down $28,294 (-10%) from 2015

Expenses

Up

$257,533

Up $49,068 (+24%) from 2015

Net Income

Down

-$11,726

Down $77,362 (-118%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,506,820Liabilities 2011: $2,761,681Net Assets 2011: -$254,8612011Assets 2012: $2,515,544Liabilities 2012: $2,852,604Net Assets 2012: -$337,0602012Assets 2013: $2,423,380Liabilities 2013: $2,696,988Net Assets 2013: -$273,6082013Assets 2014: $2,383,438Liabilities 2014: $2,480,812Net Assets 2014: -$97,3742014Assets 2015: $2,343,322Liabilities 2015: $2,375,060Net Assets 2015: -$31,7382015Assets 2016: $2,229,141Liabilities 2016: $2,272,605Net Assets 2016: -$43,4642016Assets 2017: $2,224,787Liabilities 2017: $2,123,461Net Assets 2017: $101,3262017Assets 2018: $2,130,680Liabilities 2018: $1,930,459Net Assets 2018: $200,2212018Assets 2019: $2,101,792Liabilities 2019: $1,738,356Net Assets 2019: $363,4362019Assets 2020: $3,141,535Liabilities 2020: $1,441,748Net Assets 2020: $1,699,7872020Assets 2021: $2,564,758Liabilities 2021: $860,890Net Assets 2021: $1,703,8682021Assets 2022: $2,733,102Liabilities 2022: $360,440Net Assets 2022: $2,372,6622022Assets 2023: $2,721,041Liabilities 2023: $359,428Net Assets 2023: $2,361,6132023Assets 2024: $2,646,907Liabilities 2024: $351,562Net Assets 2024: $2,295,3452024

Highlighted filing

2016

Assets$2,229,141
Liabilities$2,272,605
Net Assets-$43,464
Open 2016 Filing

Operations Trend

Revenue Growth18th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $37,311Expenses 2011: $249,162Net Income 2011: -$211,8512011Revenue 2012: $68,310Expenses 2012: $150,509Net Income 2012: -$82,1992012Revenue 2013: $291,568Expenses 2013: $183,367Net Income 2013: $108,2012013Revenue 2014: $334,048Expenses 2014: $157,814Net Income 2014: $176,2342014Revenue 2015: $274,101Expenses 2015: $208,465Net Income 2015: $65,6362015Revenue 2016: $245,807Expenses 2016: $257,533Net Income 2016: -$11,7262016Revenue 2017: $359,108Expenses 2017: $214,318Net Income 2017: $144,7902017Revenue 2018: $361,916Expenses 2018: $263,021Net Income 2018: $98,8952018Revenue 2019: $367,190Expenses 2019: $203,975Net Income 2019: $163,2152019Revenue 2020: $1,529,455Expenses 2020: $193,104Net Income 2020: $1,336,3512020Revenue 2021: $272,164Expenses 2021: $268,083Net Income 2021: $4,0812021Revenue 2022: $873,462Expenses 2022: $204,668Net Income 2022: $668,7942022Revenue 2023: $313,863Expenses 2023: $324,912Net Income 2023: -$11,0492023Revenue 2024: $262,421Expenses 2024: $328,689Net Income 2024: -$66,2682024

Highlighted filing

2016

Revenue$245,807
Expenses$257,533
Net Income-$11,726
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 26, 2016
Return Version
2015v2.1
Gross Receipts
$248,819
Mission and Program Overview

Mission

To provide educational opportunities with a strong commitment to environmental stewardship, sustainable agriculture, historical preservation, and our community.

To provide support for patterson school, inc.(through october 19, 2009 and thereafter to support other preparatory schools as then determined).

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,663,030$1,590,446▼ $72,584
Loans From Officers Directors$1,001,027$1,001,377▲ $350
Land, Buildings, and Equipment, Net$610,843$589,592▼ $21,251
Intangible Assets$29,276$29,276→ $0
Cash and Non-Interest-Bearing Accounts$26,600$19,827▼ $6,773
Accounts Receivable$13,573--
Total Assets$2,343,322$2,229,141▼ $114,181
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,372,014$1,268,509▼ $103,505
Accounts Payable and Accrued Expenses$2,019$2,719▲ $700
Total Liabilities$2,375,060$2,272,605▼ $102,455
Net Assets / Fund Balance
Unrestricted Net Assets$-31,738$-43,464▼ $11,726
Total Net Assets Fund Balance$-31,738$-43,464▼ $11,726
Total Liabilities and Net Assets / Fund Balance$2,343,322$2,229,141▼ $114,181

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$195,424$342,775-
Land$355,974--
Equipment$38,194$38,193-
Compensation and Service Providers
Top Officer Pay32nd percentile

Board Members and Trustees

NameTitle
Kitty Gurkin RosatiChairman
Walter James HoganPresident & CEO
Bryan ElliottDirector
Dr Lee J Ball JrDirector
Jesse PlasterDirector
Liza PlasterDirector
Nick CurtisDirector
Danny SeaverParliamentarian
Joanie GuglielmiRecording Secretary
Janet SpoonTreasurer & Corresponding
Revenue and Support

Revenue Composition

Contributions and Grants
$145,086
Program Service Revenue
$24,314
Investment Income
$0
Other Revenue
$76,407
All Other Contributions
$141,396
Change in Net Assets
$-11,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$257,533
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$54,120--$54,120
Occupancy$29,870--$29,870
Depreciation Depletion$21,053--$21,053
All Other Expenses$10,291$555-$10,846
Fees for Services Accounting-$8,738-$8,738
Other Expenses$7,830--$7,830
Insurance$5,228$691-$5,919
Fees for Services Legal-$1,850-$1,850
Office Expenses-$1,224-$1,224
Advertising$299--$299
Fees for Services Other$119--$119
Total Functional Expenses$244,475$13,058$0$257,533
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$955
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Walter James HoganChairman of the BoardLoanNo$300
James Janet SpoonDirectorLoanNo$50

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$1,001,027$1,001,377▲ $350
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

“Two of the directors - meagan roberts and steve roberts - are married.”

Form 990, Part VI, Section B, line 11

“The board of trustees reviews the form 990 before filing.”

Form 990, Part VI, Section C, line 19

“The governing documents are available at patterson school for viewing or can be obtained from walter james hogan.”

Form 990, Part VII

“Joanie guglielmi - 258 fernbrook drive, mooresville, nc 28117. Danny seaver - 617 fifth st sw, hickory, nc 28602. Liza plaster - 1865 hwy 268, lenoir, nc 28645. Kitty gurkin rosati - 5918 craig road, durham, nc 27712. Jesse plaster - 4283 holly lodge pl, lenoir, nc 28645. Dr. Lee j. Ball, jr. - po box 411, boone, nc 28607. Nick curtis - 1629 zacks fork rd, lenoir, nc 28645.”

Filing and Contact Details

Filer

Filer Name
Patterson School Foundation Inc
EIN
56-1938833
Phone
8287545065
Address
P O BOX 500, PATTERSON, NC 28661

Signing Officer

Name
Walter James Hogan
Title
CEO/president
Phone
8287545065
Signed
2016-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Walter James Hogan
Formed
1994
Legal Domicile
Nc
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
25

Preparer

Firm
Smith Stevens & Ford Pa
Address
POST OFFICE BOX 1225, LENOIR, NC 28645-1225
Preparer
David F Stevens
Phone
8287588431
Supplemental Narrative

Additional Explanations

Schedule A, Part II

“THE PATTERSON SCHOOL FOUNDATION, INC. REQUESTED AND WAS APPROVED FOR PUBLIC CHARITY STATUS DESCRIBED IN IRC SECTIONS 509(a)(1) AND 170(b)(1)(A)(vi) FOR THE YEAR ENDED JUNE 30, 2016. THEREFORE, THIS IS THE FIRST YEAR OF FILING PART II OF SCHEDULE A.”

Raw XML AppendixShowing 400 of 492 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
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IRS990/ProgramServiceRevenueGrp/Desc0FIELDS & CASH CROPS
IRS990/ProgramServiceRevenueGrp/Desc1EQUESTRIAN DEPARTMENT
IRS990/ProgramServiceRevenueGrp/Desc2HICKORY HALL DINING SE
IRS990/ProgramServiceRevenueGrp/Desc3OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010516
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16059
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt23910
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33829
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010516
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16059
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33829
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0160269
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt011448
IRS990/PYInvestmentIncomeAmt02487
IRS990/PYOtherExpensesAmt0197017
IRS990/PYOtherRevenueAmt0100674
IRS990/PYProgramServiceRevenueAmt010671
IRS990/PYRevenuesLessExpensesAmt065636
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0208465
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0274101
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-11726
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt077362
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0101676
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0141396
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0141396
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt077362
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt077362
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt027049
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.64640
IRS990ScheduleA/PublicSupportTotal170Amt0141396
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0141396
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0141396
IRS990ScheduleA/TotalSupportAmt0218758
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0195424
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0342775
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0538199
IRS990ScheduleD/EquipmentGrp/BookValueAmt038194
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038193
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt076387
IRS990ScheduleD/LandGrp/BookValueAmt0355974
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0355974
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0589592
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0WALTER JAMES HOGAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1JAMES JANET SPOON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CHAIRMAN OF THE BOARD
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt150
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0LOAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1LOAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0926154
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt157223
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt22000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt38000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt48000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd50
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0CONTINUED OPERATIONS OF THE FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1CONTINUED OPERATIONS OF THE FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2CONTINUED OPERATIONS OF THE FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3CONTINUED OPERATIONS OF THE FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4CONTINUED OPERATIONS OF THE FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0809258
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt157173
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt22000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt38000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt48000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0WALTER HOGAN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1JAMES JANET SPOON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2BETTY MEDLIN
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3KENNETH ROBERTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4GERALD BOLICK
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1COMPANY OWNED BY BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2BOARD MEMBER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd50
IRS990ScheduleL/TotalBalanceDueAmt01001377
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE DIRECTORS - MEAGAN ROBERTS AND STEVE ROBERTS - ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF TRUSTEES REVIEWS THE FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS ARE AVAILABLE AT PATTERSON SCHOOL FOR VIEWING OR CAN BE OBTAINED FROM WALTER JAMES HOGAN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3JOANIE GUGLIELMI - 258 FERNBROOK DRIVE, MOORESVILLE, NC 28117. DANNY SEAVER - 617 FIFTH ST SW, HICKORY, NC 28602. LIZA PLASTER - 1865 HWY 268, LENOIR, NC 28645. KITTY GURKIN ROSATI - 5918 CRAIG ROAD, DURHAM, NC 27712. JESSE PLASTER - 4283 HOLLY LODGE PL, LENOIR, NC 28645. DR. LEE J. BALL, JR. - PO BOX 411, BOONE, NC 28607. NICK CURTIS - 1629 ZACKS FORK RD, LENOIR, NC 28645.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PATTERSON SCHOOL FOUNDATION, INC. REQUESTED AND WAS APPROVED FOR PUBLIC CHARITY STATUS DESCRIBED IN IRC SECTIONS 509(a)(1) AND 170(b)(1)(A)(vi) FOR THE YEAR ENDED JUNE 30, 2016. THEREFORE, THIS IS THE FIRST YEAR OF FILING PART II OF SCHEDULE A.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4SCHEDULE A, PART II
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PATTERSON SCHOOL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0561570471
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PRIVATE BOARDING SCHOOL & USE OF FACILITIES BY OTHER SCHOOL SYSTEMS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(b)(1)(A)(vi)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 500
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PATTERSON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028661
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,229,141
Liabilities
$2,272,605
Net assets
-$43,464
Revenue
$245,807
Expenses
$257,533
Net income
-$11,726
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.65$0.35$2.30$0.26$0.33$0.07
2023Detailed filing. Detailed filing data is available for this year.$2.72$0.36$2.36$0.31$0.32$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.73$0.36$2.37$0.87$0.20$0.67
2021Detailed filing. Detailed filing data is available for this year.$2.56$0.86$1.70$0.27$0.27$0.00
2020Detailed filing. Detailed filing data is available for this year.$3.14$1.44$1.70$1.53$0.19$1.34
2019Detailed filing. Detailed filing data is available for this year.$2.10$1.74$0.36$0.37$0.20$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.13$1.93$0.20$0.36$0.26$0.10
2017Detailed filing. Detailed filing data is available for this year.$2.22$2.12$0.10$0.36$0.21$0.14
2016Detailed filing. Detailed filing data is available for this year.$2.23$2.27$0.04$0.25$0.26$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.34$2.38$0.03$0.27$0.21$0.07
2014Summary only. Only limited summary data is available for this year.$2.38$2.48$0.10$0.33$0.16$0.18
2013Summary only. Only limited summary data is available for this year.$2.42$2.70$0.27$0.29$0.18$0.11
2012Summary only. Only limited summary data is available for this year.$2.52$2.85$0.34$0.07$0.15$0.08
2011Summary only. Only limited summary data is available for this year.$2.51$2.76$0.25$0.04$0.25$0.21