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Pattons Purpose INC FY2024 filing

Tax-deductible

Waynesville, NC501(c)(3)Human Services EIN 93-3073145Revenue $2.0M in FY2024

On file with the IRS150 Westwood Cir, 28786-1987 · Waynesville, NCTax-exempt since Feb 2024Publicly supported charity — 170(b)(1)(A)(vi)

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The organization will make periodic grants to haywood vocational opportunities, INC. (hvo) and other 501(c)(3) organizations for use in their exempt Purpose of inspiring confidence and independence for improving the lives of those disadvantaged persons being served by such organization (s). A written grant application/request will be required. Grants will be based upon the entities' programming and its financial needs associated with providing such programming. The grant awards will not be made for fiscal operations other than those specific to the programming being considered. Final grant award reports will be utilized to provide historical records of the grants' effectiveness. If funds are not expended in accordance with the intended purposes, repayment and limitations of future grants will be pursued.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $1.0M a year · 100% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Named funders
1
named funder · $2.0M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$0
Net assets
$2.0M
By yearFY2024–FY2025
Revenue
$2.0M
FY2024
Tap a bar for its year
Revenue by fiscal year
FY2024$2.0M
FY2025$47K
Expenses
$0
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2024$0
FY2025$54
Net assets
$2.0M
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2024$2.0M
FY2025$2.1M

From the FY2024 Form 990 (year ending June 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2024.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Frank Queen
Board Member
$0Pt VII · Sec A
Jessica May
Board Member
$0Pt VII · Sec A
Drake Fultz
Chair Thru 8
$0Pt VII · Sec A
Art Dosch
Vice Chair T
$0Pt VII · Sec A
Mark Bumgarner
Treasurer Th
$0Pt VII · Sec A
Dean McMahon
Brd Mbr Thru
$0Pt VII · Sec A
See Pattons Purpose INC 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

Provides grants to organizations that inspire confidence and independence for disadvantaged individuals.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The organization will financially support haywood vocational opportunities inc. (ein 56-1651554), a sec. 501(c)(3) public charity formed in 1989 that provides training for handicapped and disabled persons centered in haywood county, north carolina.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2023
Haywood Vocational Opportunities INCFY2023$2.0M
Total grants receivedfrom 1 funder$2.0M

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Money outPt IX
$0
Ln 25
Owns and owesPt X
$2.0M
net assets · Ln 32
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
InvestmentsLn 11–13$2.0M
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
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
InvestmentsLn 11–13$2.0M
Total assetsLn 16$0$2.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$0$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $47K$54$47K$2.1M 990 PDF
FY2024 Viewing $2.0M$0$2.0M$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,005,000 revenue, 12 lines filed
I-8 Contributions and grants$2,005,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$2,005,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expenses$0
I-19 Revenue less expenses$2,005,000
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $2,005,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$2,005,000
VIII-1h Total contributions, gifts and grants$2,005,000
VIII-12 Total revenue$2,005,000
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $2,004,465 assets, 6 lines filed
X-12 Other securities$2,004,465
X-16 Total assetsStart of year $0$2,004,465
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$2,004,465
X-32 Total net assets or fund balancesStart of year $0$2,004,465
X-33 Total liabilities and net assetsStart of year $0$2,004,465
Part XI · Reconciliation of net assets $2,004,465 net assets at year end
XI-1 Total revenue$2,005,000
XI-2 Total expenses$0
XI-3 Revenue less expenses$2,005,000
XI-5 Net unrealized gains (losses) on investments−$535
XI-10 Net assets at end of year$2,004,465

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

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