Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
EIN 82-2174233 • 501(c)3 • Cary, NC
Profile
The foundation shall have as its specified principal purpose (a) providing financial, advisory and other support and assistance to programs and/or initiatives of accredited law schools, with a special but non-exclusive focus on law schools that are owned by (or operated under the auspices and control of) an historically black college or university (an "hbcu"), which programs and/or initiatives are focused on (i) improving the quality and integrity of protection of intellectual property rights under applicable patent laws and (ii) teaching and equipping students at such law schools with practical skills that enhance their prospects for successful careers in the area of patent or other intellectual property law, (b) allocating donor resources contributed to the foundation in the most effective manner to advance the foregoing and (c) providing accountability therfore to donors, other supporters and constituencies of the foundation.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
59th percentile
Tied with the lowest-debt nonprofits in its peer group.
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
100th percentile
Higher net margin than 100% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
Score unavailable
A valid growth rate could not be computed from the available filing history.
Assets
Down$152,413
Down $13,121 (-7.9%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Down$152,413
Down $13,121 (-7.9%) from 2023
Revenue
Down-$6,077
Down $11,104 (-221%) from 2023
Expenses
Down$7,044
Down $10,798 (-61%) from 2023
Net Income
Down-$13,121
Down $306 (-2.4%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
The foundation shall have as its specified principal purpose (a) providing financial, advisory and other support and assistance to programs and/or initiatives of accredited law schools, with a special but non-exclusive focus on law schools that are owned by (or operated under the auspices and control of) an historically black college or university (an "hbcu"), which programs and/or initiatives are focused on (i) improving the quality and integrity of protection of intellectual property rights under applicable patent laws and (ii) teaching and equipping students at such law schools with practical skills that enhance their prospects for successful careers in the area of patent or other intellectual property law, (b) allocating donor resources contributed to the foundation in the most effective manner to advance the foregoing and (c) providing accountability therfor to donors, other supporters and constituencies of the foundation.
The foundation shall have as its specified principal purpose (a) providing financial, advisory and other support and assistance to programs and/or initiatives of accredited law schools, with a special but non-exclusive focus on law schools that are owned by (or operated under the auspices and control of) an historically black college or university (an "hbcu"), which programs and/or initiatives are focused on (i) improving the quality and integrity of protection of intellectual property rights under applicable patent laws and (ii) teaching and equipping students at such law schools with practical skills that enhance their prospects for successful careers in the area of patent or other intellectual property law, (b) allocating donor resources contributed to the foundation in the most effective manner to advance the foregoing and (c) providing accountability therfore to donors, other supporters and constituencies of the foundation.
| Description | Grants | Expenses |
|---|---|---|
| PROVIDED FINANCIAL, ADVISORY AND OTHER SUPPORT AND ASSISTANCE TO ACCREDITED LAW SCHOOLS FOCUSED ON IMPROVING THE QUALITY AND INTEGRITY OF PROTECTION OF INTELLECTUAL PROPERTY RIGHTS UNDER APPLICABLE PATENT LAWS AND FOR TEACHING AND EQUIPPING STUDENTS WITH PRACTICAL SKILLS IN THE AREA OF PATENT OR OTHER INTELLECTUAL PROPERTY LAW. | $0 | $0 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| TIMOTHY WILSON | President | PT | $0 | - | - |
| RACHELLE THOMPSON | Member | - | $0 | - | - |
| THOMAS ROCZYLOVICH | Member | - | $0 | - | - |
| DAVID SHEPPARD | Member | - | $0 | - | - |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Patent Diversity Gala | $3,500 | - | - | - |
| Total Events | $3,500 | - | $10,014 | $-10,014 |
“Description: interest income. Amount: 437.”
“Description: advertising & marketing. Amount: 623. Description: bank charges. Amount: 378. Description: office supplies. Amount: 84. Description: quickbooks fees. Amount: 410. Description: misc expense . Amount: 724. Total to form 990-ez, line 16: 2,219.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | TIMOTHY WILSON |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9195313240 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 331 S WEST STREET |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CARY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 27511 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 165534 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 152413 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 3500 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -13121 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4825 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 165534 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 152413 |
| IRS990EZ/GrossReceiptsAmt | 0 | 3937 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 437 |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 165534 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 152413 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 165534 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 152413 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | TIMOTHY WILSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | RACHELLE THOMPSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | THOMAS ROCZYLOVICH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DAVID SHEPPARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2219 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION SHALL HAVE AS ITS SPECIFIED PRINCIPAL PURPOSE (A) PROVIDING FINANCIAL, ADVISORY AND OTHER SUPPORT AND ASSISTANCE TO PROGRAMS AND/OR INITIATIVES OF ACCREDITED LAW SCHOOLS, WITH A SPECIAL BUT NON-EXCLUSIVE FOCUS ON LAW SCHOOLS THAT ARE OWNED BY (OR OPERATED UNDER THE AUSPICES AND CONTROL OF) AN HISTORICALLY BLACK COLLEGE OR UNIVERSITY (AN "HBCU"), WHICH PROGRAMS AND/OR INITIATIVES ARE FOCUSED ON (I) IMPROVING THE QUALITY AND INTEGRITY OF PROTECTION OF INTELLECTUAL PROPERTY RIGHTS UNDER APPLICABLE PATENT LAWS AND (II) TEACHING AND EQUIPPING STUDENTS AT SUCH LAW SCHOOLS WITH PRACTICAL SKILLS THAT ENHANCE THEIR PROSPECTS FOR SUCCESSFUL CAREERS IN THE AREA OF PATENT OR OTHER INTELLECTUAL PROPERTY LAW, (B) ALLOCATING DONOR RESOURCES CONTRIBUTED TO THE FOUNDATION IN THE MOST EFFECTIVE MANNER TO ADVANCE THE FOREGOING AND (C) PROVIDING ACCOUNTABILITY THERFORE TO DONORS, OTHER SUPPORTERS AND CONSTITUENCIES OF THE FOUNDATION. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDED FINANCIAL, ADVISORY AND OTHER SUPPORT AND ASSISTANCE TO ACCREDITED LAW SCHOOLS FOCUSED ON IMPROVING THE QUALITY AND INTEGRITY OF PROTECTION OF INTELLECTUAL PROPERTY RIGHTS UNDER APPLICABLE PATENT LAWS AND FOR TEACHING AND EQUIPPING STUDENTS WITH PRACTICAL SKILLS IN THE AREA OF PATENT OR OTHER INTELLECTUAL PROPERTY LAW. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 10014 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | -10014 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 7044 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | -6077 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationAssocInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://WWW.PATENTTRAININGFOUNDATION.ORG/ |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 3500 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 8773 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12200 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51341 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 12000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 87814 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 437 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 184 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 56 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 32 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 87 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 796 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99100 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99650 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 87814 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 3500 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 8773 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12200 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51341 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 12000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 87814 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 88610 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt | 0 | 3500 |
| IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt | 0 | 3500 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 10014 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | PATENT DIVERSITY GALA |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 3500 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 3500 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -10014 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 10014 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 10014 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST INCOME. AMOUNT: 437. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 623. DESCRIPTION: BANK CHARGES. AMOUNT: 378. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 84. DESCRIPTION: QUICKBOOKS FEES. AMOUNT: 410. DESCRIPTION: MISC EXPENSE . AMOUNT: 724. TOTAL TO FORM 990-EZ, LINE 16: 2,219. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | 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. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | TIMOTHY WILSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9195313240 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PATENT QUALITY EDUCATION & TRAINING |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PATE |
| ReturnHeader/Filer/EIN | 0 | 822174233 |
| ReturnHeader/Filer/PhoneNum | 0 | 9195313240 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 331 S WEST STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CARY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 27511 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 273858252 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DEAN DORTON ALLEN FORD PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4130 PARKLAKE AVE STE 400 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | RALEIGH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 27612 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9198792909 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MICHELLE FOOTE |
| ReturnHeader/ReturnTs | 0 | 2025-08-18T11:54:42-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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