Patriots INC EIN 52-2044708

Patriots INC FY2022 filing

EIN  52-2044708 Public charity (501(c)(3)) Capitol Heights, MD
Form 990 (PDF)
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Size
$100K–1M
What they do
Equips students with skills for science, technology, engineering, and math careers.
Leadership
Thurman Jones · Executive Director · $35K
Money in and out
$266K revenue, $225K expenses
Bottom line
96% program efficiency

Equips students with skills for science, technology, engineering, and math careers. For fiscal year 2022 it reported $266K in revenue, $225K in expenses, and $48K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$48K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Program efficiency
96%
of spending reaches programs
Operating runway
2.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$266K
FY2022▲ +39%
Expenses
$225K
FY2022▲ +52%
Total assets
$49K
FY2022▲ +130%
Total liabilities
$1K
FY2022▼ -99%
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$225K
Pt IX · Ln 25
Net assets
$48K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$49K
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $191K of program spending, described in the organization's own filed words · FY2022.
01

Empowering Students Through Technology has been our mission for 25 years by increasing the number of students (5th -12th grades) entering into science, technology, engineering, and mathematics (STEM) ultimately leading towards college education and career paths in these fields.

$191Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPatriots INC
EINHdr · item D52-2044708
Principal addressHdr · item CCapitol Heights, MD
WebsiteHdr · item Jwww.patriots-ttc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$35,249Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2020
Thurman Jones$50,000$35,249$40,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$162K · 61%
Program service revenue$104K · 39%
Contributions & grants61%$162K
Program service revenue39%$104K
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$217K
Management & general4%$9K
Total functional expensesLn 25$225K

Balance Sheet

Part X · end of year
CashLn 1$41K
Total assetsLn 16$49K
Total liabilitiesLn 26$1K
Total net assetsLn 32$48K
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $41K · Operating expenses/yr $225K
2.2 months
Where the money goes
Program services
Program services $217K · Total expenses $225K
96%
Management & General
Management & general $9K · Total expenses $225K
4%
Fundraising
Fundraising $0 · Total expenses $225K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $87K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $162K · Total revenue $266K
61%
Government reliance
Government grants — · Total revenue $266K
Earned-income share
Program service revenue $104K · Total revenue $266K
39%
Investment reliance
Investment income $0 · Total revenue $266K
0%
Program self-sufficiency
Program service revenue $104K · Total expenses $225K
46%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year $192K
+39%
Net-asset trend (YoY)
End of year $48K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $225K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $49K
Net-asset ratio
Net assets $48K · Total assets $49K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $49K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Thurman Jones · Reported title Executive Director · Highest reported compensation $35K · Total expenses $225K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $225K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Fundraising cost ratio 0%
Revenue growth 39%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$30K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$223K revenue · ⤓ 990 PDF
FY2023$203K revenue · ⤓ 990 PDF
FY2022$266K revenue · viewing · ⤓ 990 PDF
FY2021$192K revenue · ⤓ 990 PDF
FY2020$160K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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