Civic Intelligence

Patent Quality Education & Training Foundation

990EZ • Fiscal year 2018 • EIN 82-2174233

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

Organization ProfileWWW.PATENTTRAININGFOUNDATION.ORG
311 S West StreetCary, NC 27511

(919) 531-3240

Siviq Scores

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

Liabilities / Assets

71st percentile

0.00x

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

2018 filings • NTEE B12 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.00x

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

2018 filings • NTEE B12 • <$500k nonprofits • Source year 2018

Net Margin

3rd percentile

-909%

Higher net margin than 3% of similar nonprofits.

2018 filings • NTEE B12 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$0

Higher top officer pay than 92% of similar nonprofits.

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

2018 filings • NTEE B12 • <$500k nonprofits • Source year 2018

Asset Growth

40th percentile

-1.0%

Faster asset growth than 40% of similar nonprofits.

2018 filings • NTEE B12 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • NTEE B12 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$172,157

Down $1,709 (-1.0%) from 2017

Net Assets

Down

$172,157

Down $1,709 (-1.0%) from 2017

Liabilities

Flat

$0

Flat from 2017

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin3rd percentile

Revenue

Down

$188

Down $174,870 (-100%) from 2017

Expenses

Up

$1,897

Up $705 (+59%) from 2017

Net Income

Down

-$1,709

Down $175,575 (-101%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth40th percentile

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

2018

Assets$172,157
Liabilities$0
Net Assets$172,157
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

2018

Revenue$188
Expenses$1,897
Net Income-$1,709
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$188
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 Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIMOTHY WILSONPresidentPT$0--
RACHELLE THOMPSONMember-$0--
KARL RENNERMember-$0--
Filing and Contact Details

Filer

Filer Name
Patent Quality Education & Training
EIN
82-2174233
Phone
9195313240
Address
311 S WEST STREET, CARY, NC 27511

Signing Officer

Name
Timothy Wilson
Title
President
Phone
9195313240
Signed
2019-11-13
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: 188.”

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

“Description: advertising & marketing. Amount: 179. Description: bank charges. Amount: 108. Description: office supplies. Amount: 210. Total to form 990-ez, line 16: 497.”

Raw XML Appendix138 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/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
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IRS990EZ/OtherExpensesTotalAmt0497
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.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PROVIDED FINANCIAL, ADVISORY AND OTHER SUPPORT AND
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/ScheduleBNotRequiredInd0X
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IRS990EZ/TanningServicesProvidedInd00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
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IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0188
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0175000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0175000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt058
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0246
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0175000
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 188.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 179. DESCRIPTION: BANK CHARGES. AMOUNT: 108. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 210. TOTAL TO FORM 990-EZ, LINE 16: 497.
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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.
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ReturnHeader/Filer/PhoneNum09195313240
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ReturnHeader/PreparerPersonGrp/PhoneNum09197829265
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID BOYCE
ReturnHeader/ReturnTs02019-11-13T11:48:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$172,157
Liabilities
$0
Net assets
$172,157
Revenue
$188
Expenses
$1,897
Net income
-$1,709
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