Civic Intelligence

Patent Quality Education & Training Foundation

990EZ • Fiscal year 2020 • EIN 82-2174233

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 14, 2021

331 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

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

70th percentile

0.00x

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

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Net Margin

7th percentile

-482%

Higher net margin than 7% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

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.

2020 filings • NTEE B12 • <$500k nonprofits • Source year 2020

Asset Growth

25th percentile

-17%

Faster asset growth than 25% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

14th percentile

-85%

Faster revenue growth than 14% of similar nonprofits.

2020 filings • NTEE B12 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$147,657

Down $29,916 (-17%) from 2019

Net Assets

Down

$147,657

Down $29,916 (-17%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue

Down

$6,212

Down $36,617 (-85%) from 2019

Expenses

Down

$36,128

Down $1,285 (-3.4%) from 2019

Net Income

Down

-$29,916

Down $35,332 (-652%) from 2019

Historical Trend

Balance Sheet Trend

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

2020

Assets$147,657
Liabilities$0
Net Assets$147,657

Operations Trend

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

2020

Revenue$6,212
Expenses$36,128
Net Income-$29,916
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 14, 2021
Return Version
2020v4.1
Gross Receipts
$12,087
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.$34,500$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
TIMOTHY WILSONPresidentPT$0--
RACHELLE THOMPSONMember-$0--
KARL RENNERMember-$0--
DAVID SHEPPARDMember-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Patent Diversity Gala$12,000$12,000$5,875$6,125
Total Events$12,000$12,000$5,875$6,125
Filing and Contact Details

Filer

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

Signing Officer

Name
Timothy Wilson
Title
President
Phone
9195313240
Signed
2021-07-14
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: 87.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: . Grantee name: thurgood marshall scholarship fund. Grantee address: 901 f street, nw, suite 300 washington, dc 20004. Date of gift: 09/15/20. Amount given: 34,500.

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

Description: advertising & marketing. Amount: 577. Description: bank charges. Amount: 231. Description: office supplies. Amount: 145. Total to form 990-ez, line 16: 953.

Raw XML Appendix161 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
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0331 S WEST STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CARY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd027511
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IRS990EZ/LobbyingActivitiesInd00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TIMOTHY WILSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1RACHELLE THOMPSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KARL RENNER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DAVID SHEPPARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3MEMBER
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0953
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/GrantsAndAllocationsAmt034500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/SpecialEventsDirectExpensesAmt05875
IRS990EZ/SpecialEventsNetIncomeLossAmt06125
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt036128
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt06212
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HTTPS://WWW.PATENTTRAININGFOUNDATION.ORG/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt012000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt070129
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0257129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt087
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0182
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0188
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt058
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0515
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99800
IRS990ScheduleA/PublicSupportPY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt0257129
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt012000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt070129
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0175000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0257129
IRS990ScheduleA/TotalSupportAmt0257644
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05875
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0PATENT DIVERSITY GALA
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt012000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt012000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012000
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012000
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt06125
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt05875
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt05875
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 87.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: . GRANTEE NAME: THURGOOD MARSHALL SCHOLARSHIP FUND. GRANTEE ADDRESS: 901 F STREET, NW, SUITE 300 WASHINGTON, DC 20004. DATE OF GIFT: 09/15/20. AMOUNT GIVEN: 34,500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING & MARKETING. AMOUNT: 577. DESCRIPTION: BANK CHARGES. AMOUNT: 231. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 145. TOTAL TO FORM 990-EZ, LINE 16: 953.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TIMOTHY WILSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09195313240
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATENT QUALITY EDUCATION & TRAINING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PATE
ReturnHeader/Filer/EIN0822174233
ReturnHeader/Filer/PhoneNum09195313240
ReturnHeader/Filer/USAddress/AddressLine1Txt0331 S WEST STREET
ReturnHeader/Filer/USAddress/CityNm0CARY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027511
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0560517823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KOONCE WOOTEN & HAYWOOD LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0P O BOX 17806
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0RALEIGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0276197806
ReturnHeader/PreparerPersonGrp/PhoneNum09197829265
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID BOYCE
ReturnHeader/ReturnTs02021-09-14T07:44:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WILSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • <$500k nonprofits