Michael G Fitzpatrick Foundation

Tax-deductible

Langhorne, PA501(c)(3)EducationEIN 86-1823222Revenue $70K in FY2024

On file with the IRSmichaelgfitzpatrick.org680 Middletown Blvd, 19047-1817 · Langhorne, PATax-exempt since Jun 2021Publicly supported charity — 170(b)(1)(A)(vi)

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To provide financial assistance for educational scholarships and service awards.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $55K a year · 40% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
40 mo
of spending, in cash
Looks good: 40.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
-52% vs prior year
Spent
$66K
To programs
74%
Net assets
$220K
By yearFY2021–FY2024
Revenue
$70K
FY2024▼ -52%
Tap a bar for its year
Revenue by fiscal year
FY2021$295K
FY2022$48K
FY2023$145K
FY2024$70K
Expenses
$66K
FY2024▼ -34%
Tap a bar for its year
Expenses by fiscal year
FY2021$48K
FY2022$125K
FY2023$99K
FY2024$66K
Net assets
$220K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2021$247K
FY2022$170K
FY2023$216K
FY2024$220K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $49K Management & general 11% · $7K Fundraising 15% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
See Michael G Fitzpatrick Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial aid for scholarships and service awards.

Questions for Michael G Fitzpatrick Foundation

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Provided by the organization

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1 program · $49K · in their own filed words · FY2024
01

To provide financial assistance for educational scholarships and service awards.

$49Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $220K · 2022–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$67K
Investment incomeLn 3$2K
Money outPt IX
$66K
Ln 25
Programscol B$49K
Managementcol C$7K
Fundraisingcol D$10K
Owns and owesPt X
$220K
net assets · Ln 32
Cash and savingsLn 1–2$220K
Total assetsLn 16$220K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$67K
Investment incomeLn 3$2K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$115K
SavingsLn 2$105K
Cash and savings togetherLn 1–2$220K
Total assetsLn 16$220K
LiabilitiesLn 26$0
Net assetsLn 32$220K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$216K$220K
Total assetsLn 16$216K$220K
LiabilitiesLn 26$0$0
Net assetsLn 32$216K$220K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$39K$39K
Grants to domestic individualsLn 2$10K$10K
Legal feesLn 11b$200$200
Accounting feesLn 11c$2K$2K
Office expensesLn 13$947$947
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$11K$1K$10K
Total functional expensesLn 25$66K$49K$7K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $70K$66K$4K$220K 990 PDF
FY2023 $145K$99K$46K$216K 990 PDF
FY2022 $48K$125K−$77K$170K 990 PDF
FY2021 $295K$48K$247K$247K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $69,824 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $142,606$67,391
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,762$2,433
I-11 Other revenue$0
I-12 Total revenuePrior year $145,368$69,824
I-13 Grants and similar amounts paidPrior year $69,000$49,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $30,061$16,782
I-18 Total expensesPrior year $99,061$65,782
I-19 Revenue less expensesPrior year $46,307$4,042
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $69,824 across 4 lines filed
VIII-1f All other contributions, gifts and grants$67,391
VIII-1h Total contributions, gifts and grants$67,391
VIII-3 Investment incomeExcluded from tax $2,433$2,433
VIII-12 Total revenueExcluded from tax $2,433$69,824
Part IX · Statement of functional expenses $65,782 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $39,000$39,000
IX-2 Grants to domestic individualsPrograms $10,000$10,000
IX-11b Legal feesManagement $200$200
IX-11c Accounting feesManagement $2,500$2,500
IX-13 Office expensesManagement $947$947
IX-23 InsuranceManagement $2,065$2,065
IX-24 Other expenses (24a–d)Management $1,236 · Fundraising $9,834$11,070
IX-25 Total functional expensesPrograms $49,000 · Management $6,948 · Fundraising $9,834$65,782
Part X · Balance sheet $220,446 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $113,642$115,251
X-2 Savings and temporary cash investmentsStart of year $102,762$105,195
X-16 Total assetsStart of year $216,404$220,446
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $216,404$220,446
X-32 Total net assets or fund balancesStart of year $216,404$220,446
X-33 Total liabilities and net assetsStart of year $216,404$220,446
Part XI · Reconciliation of net assets $220,446 net assets at year end
XI-1 Total revenue$69,824
XI-2 Total expenses$65,782
XI-3 Revenue less expenses$4,042
XI-4 Net assets at start of year$216,404
XI-10 Net assets at end of year$220,446

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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