Patterson School INC

EIN 56-1570471 Public charity (501(c)(3)) Patterson, NC

Form 990 (PDF) Compare with another nonprofit →

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Size

<$100K

What they do

Preserves historic property, offering community and student education in nature, farming, arts, and sciences.

Leadership

Janet Spoon · Treasurer

Money in and out

$72K revenue

Bottom line

—

Preserves historic property, offering community and student education in nature, farming, arts, and sciences. For fiscal year 2024 it reported $72K in revenue, — in expenses, and $-247K in net assets.Pt I

Where the money goes · FY2024

Total revenue

$72K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$-247K

Pt X · Ln 32

Revenue trend

-1%

avg. annual growth over 5 years

Donor-funded

100%

of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue

$72K

FY2024▼ -15%

Total assets

$11K

FY2024▼ -65%

Total liabilities

$258K

FY2024▼ -50%

Total revenue

$72K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$-247K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19—

Total assetsPt X · Ln 16$11K

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Mission & Programs · Part III

Where the work happens

1 program service account for $2K of program spending, described in the organization's own filed words · FY2021.

Offering educational and recreational opportunities for the community and students of nature, farming, prose, history, botany, science, art, animal and forest husbandry.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CPatterson School INC

EINHdr · item D56-1570471

Principal addressHdr · item CPatterson, NC

WebsiteHdr · item Jwww.pattersonschool.org

Year of formationHdr · item Lpending

State of legal domicileHdr · item MNC

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFNonprofit

Ruling yearIRS BMFJul 1989

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Janet Spoon

Treasurer

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Other revenue100%$72K

Total revenueLn 12$72K

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16$11K

Total liabilitiesLn 26$258K

Total net assetsLn 32$-247K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $1K · Operating expenses/yr —

Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).

Where the money goes

Program services

not reported

Management & General

not reported

Fundraising

not reported

Cost to raise $1

not reported

Where the money comes from

Contribution dependence

Contributions & grants $72K · Total revenue $72K

100%

Government reliance

not reported

Earned-income share

Program service revenue — · Total revenue $72K

—

Investment reliance

Investment income — · Total revenue $72K

—

Program self-sufficiency

Program service revenue — · Total expenses —

Rests on the self-reported EZ program figure

Growth & trend

Revenue growth (YoY)

This year $72K · Prior year $84K

-15%

Revenue CAGR

FY2020 $75K · FY2024 $72K

-1%

Net-asset trend (YoY)

End of year $-247K · Beginning of year $-319K

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $72K · Expenses —

—

Liabilities-to-Assets

Total liabilities $258K · Total assets $11K

×24

Net-asset ratio

Net assets $-247K · Total assets $11K

-2218%

People & payroll

Highest Reported Total Compensation

Individual Janet Spoon · Reported title Treasurer · Highest reported compensation $0 · Total expenses —

Total expenses not reported — showing dollar figure only

Personnel share

Salaries & benefits — · Total expenses —

Form 990-EZ bundles compensation — not comparable to full-990 filers

Peer comparison

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

Metric	This org	Peer median	Percentile
Revenue growth	-15%	—	—

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 · FY2024

Mary C Kistler Tr FBO Grace HospitalFY2024$73K

Lawrence S HoltFY2024$10K

Lawrence S Holt Trust 9 No 40640 Provident Natl Bank TrFY2024$1K

Total grants receivedfrom 3 funders$84K

See all 3 funders →

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Closest in mission — by what they do

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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$84K revenue · ⤓ 990 PDF

FY2023$84K revenue · ⤓ 990 PDF

FY2022$339K revenue · ⤓ 990 PDF

FY2021$75K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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