Civic Intelligence

Patent Quality Education & Training Foundation

990EZ • Fiscal year 2017 • EIN 82-2174233

Jan 01, 2017 to Dec 31, 2017 • Filed on May 24, 2018

Organization ProfileWWW.PATENTTRAININGFOUNDATION.ORG
304 Legault DriveCary, NC 27513

(919) 531-3240

Siviq Scores

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

Liabilities / Assets

70th percentile

0.00x

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

2017 filings • NTEE B12 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

70th percentile

0.00x

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

2017 filings • NTEE B12 • <$500k nonprofits • Source year 2017

Net Margin

96th percentile

99%

Higher net margin than 96% of similar nonprofits.

2017 filings • NTEE B12 • <$500k nonprofits • Source year 2017

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2017 filings • NTEE B12 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets70th percentile

Assets

$173,866

No earlier filing loaded for comparison.

Net Assets

$173,866

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin96th percentile

Revenue

$175,058

No earlier filing loaded for comparison.

Expenses

$1,192

No earlier filing loaded for comparison.

Net Income

$173,866

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2017: $173,866Liabilities 2017: $0Net Assets 2017: $173,8662017Assets 2018: $172,157Liabilities 2018: $0Net Assets 2018: $172,1572018Assets 2019: $177,573Liabilities 2019: $0Net Assets 2019: $177,5732019Assets 2020: $147,657Liabilities 2020: $0Net Assets 2020: $147,6572020Assets 2021: $187,521Liabilities 2021: $0Net Assets 2021: $187,5212021Assets 2022: $178,349Liabilities 2022: $0Net Assets 2022: $178,3492022Assets 2023: $165,534Liabilities 2023: $0Net Assets 2023: $165,5342023Assets 2024: $152,413Liabilities 2024: $0Net Assets 2024: $152,4132024

Highlighted filing

2017

Assets$173,866
Liabilities$0
Net Assets$173,866
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2017: $175,058Expenses 2017: $1,192Net Income 2017: $173,8662017Revenue 2018: $188Expenses 2018: $1,897Net Income 2018: -$1,7092018Revenue 2019: $42,829Expenses 2019: $37,413Net Income 2019: $5,4162019Revenue 2020: $6,212Expenses 2020: $36,128Net Income 2020: -$29,9162020Revenue 2021: $51,373Expenses 2021: $11,509Net Income 2021: $39,8642021Revenue 2022: -$6,125Expenses 2022: $3,047Net Income 2022: -$9,1722022Revenue 2023: $5,027Expenses 2023: $17,842Net Income 2023: -$12,8152023Revenue 2024: -$6,077Expenses 2024: $7,044Net Income 2024: -$13,1212024

Highlighted filing

2017

Revenue$175,058
Expenses$1,192
Net Income$173,866
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 24, 2018
Return Version
2017v2.2
Gross Receipts
$175,058
Mission and Program Overview

Mission

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.

Program Services

DescriptionGrantsExpenses
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 PATNET OR OTHER INTELLECTUAL PROPERTY LAW.$0$0
PROVIDED FINANCIAL, ADVISORY AND OTHER SUPPORT AND$0$0
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIMOTHY WILSONPresidentPT$0--
RACHELLE THOMPSONMember-$0--
RAYMOND PIERCEMember-$0--
Filing and Contact Details

Filer

Filer Name
Patent Quality Education & Training
EIN
82-2174233
Phone
9195313240
Address
304 LEGAULT DRIVE, CARY, NC 27513

Signing Officer

Name
Timothy Wilson
Title
President
Phone
9195313240
Signed
2018-05-24
Discuss with paid preparer
Yes

Preparer

Firm
Koonce Wooten & Haywood Llp
Address
P O BOX 17806, RALEIGH, NC 27619-7806
Preparer
David Boyce
Phone
9197829265
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 58.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: taxes & licenses. Amount: 850. Description: advertising & marketing. Amount: 191. Description: bank charges. Amount: 84. Description: office supplies. Amount: 67. Total to form 990-ez, line 16: 1,192.”

Raw XML Appendix136 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum09195313240
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CARY
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IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0173866
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RACHELLE THOMPSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt01192
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0THE 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDED 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 PATNET OR OTHER INTELLECTUAL PROPERTY LAW.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDED FINANCIAL, ADVISORY AND OTHER SUPPORT AND
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt01192
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0175058
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.PATENTTRAININGFOUNDATION.ORG/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0175000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0175000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt058
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt058
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99970
IRS990ScheduleA/PublicSupportTotal170Amt0175000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0175000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0175000
IRS990ScheduleA/TotalSupportAmt0175058
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 58.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: TAXES & LICENSES. AMOUNT: 850. DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 191. DESCRIPTION: BANK CHARGES. AMOUNT: 84. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 67. TOTAL TO FORM 990-EZ, LINE 16: 1,192.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATENT QUALITY EDUCATION & TRAINING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PATE
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.106.199.106
ReturnHeader/FilingSecurityInformation/IPDt02018-05-24
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm010:47:34
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
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ReturnHeader/PreparerPersonGrp/PhoneNum09197829265
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID BOYCE
ReturnHeader/ReturnTs02018-05-31T09:26:08-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$173,866
Liabilities
$0
Net assets
$173,866
Revenue
$175,058
Expenses
$1,192
Net income
$173,866
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.06$0.07$0.13
2023Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.05$0.18$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.06$0.03$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.51$0.12$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.48$0.00$1.48$0.06$0.36$0.30
2019Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.43$0.37$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.72$0.00$1.72$0.00$0.02$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$1.75$0.01$1.74