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Nonprofiteer
← PATRIOT FOUNDATION TRUST

Form 990 for tax year 2023

Filed by PATRIOT FOUNDATION TRUST.

Totals

Total revenue
$27,680
Total expenses
$51,654
Contributions and grants received
$14,208
Grants paid
$36,290
Program service revenue
$0
Investment income
$13,472
Other revenue
$0
Total assets, end of year
$665,257
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$665,257
Program services expenses (Part IX)
$40,315
Management and general expenses
$11,339
Fundraising expenses
$0
Program service expenses (Part III)
$40,315

Program services were 78.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $14,208

  • 3 · Investment income

    total $5,183 · excluded $5,183

  • 7a · Gross sales of assets other than inventory

    securities $42,392

  • 7b · Less cost or other basis and sales expenses

    securities $34,103

  • 7c · Gain or loss

    securities $8,289

  • 7d · Net gain or loss

    total $8,289 · excluded $8,289

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $36,290 · program services $36,290

  • 11c · Fees: accounting

    total $5,400 · management and general $5,400

  • 11f · Fees: investment management

    total $5,938 · management and general $5,938

  • 12 · Advertising and promotion

    total $2,750 · program services $2,750

  • 24a · Other expenses: MISCELLANEOUS

    total $1,275 · program services $1,275

  • 24b · Other expenses: FOREIGN TAX

    total $1 · management and general $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,178 · end of year $9,179

  • 2 · Savings and temporary cash investments

    beginning of year $13,282 · end of year $8,446

  • 11 · Investments: publicly traded securities

    beginning of year $387,330 · end of year $439,684

  • 15 · Other assets

    beginning of year $207,948 · end of year $207,948

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $617,738 · end of year $665,257

Mission and programs · 2023

Mission

THE TRUST PROMOTES LIBERTY BY DEVOTING ITS RESOURCES EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES, DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS DULY ORGANIZED TO CARRY ON CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES, CONSISTENT WITH OUR MISSION.

Activities or mission (Part I)

THE MISSION OF THE TRUST IS TO BE AN ADVOCATE FOR ESSENTIAL LIBERTY, THE RESTORATION OF CONSTITUTIONAL LIMITS ON GOVERNMENT AND THE JUDICIARY, AND TO PROMOTE FREE ENTERPRISE, NATIONAL DEFENSE AND TRADITIONAL AMERICAN VALUES. OUR OBJECTIVE IS TO RESTORE THE PRINCIPLES OF LIBERTY AS ESPOUSED BY OUR FOUNDERS, AS ORIGINALLY SET FORTH IN OUR DECLARATION OF INDEPENDENCE AND THE UNITED STATES CONSTITUTION.

  • THE FOUNDATION MAKES GRANTS TO OTHER TAX EXEMPT ORGANIZATIONS TO PROMOTE THE ADVANCEMENT OF SUCH PRINCIPLES.

    Expenses $32,252 · Grants $29,032

  • THE FOUNDATION STRIVES TO PROMOTE THEIR MISSION THROUGH PROVIDING SCHOLARSHIPS TO QUALIFIED STUDENTS COMMITTED TO PROMOTING THE ADVANCEMENT OF THE PRINCIPLES OF THE FOUNDATION.

    Expenses $8,063 · Grants $7,258

  • THE FOUNDATION ALSO PRESENTS SPEAKERS AND OTHER PROGRAMS WHO PROMOTE THE PRINCIPLES OF THE FOUNDATION AND PROVIDES WRITTEN MATERIALS TO PROVIDE INDIVIDUALS WITH A TIMELY, INFORMATIVE, AND RELIABLE SURVEY AND ANALYSIS OF THE NATION'S MOST SIGNIFICANT NEWS, POLICY, AND OPINION.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark A Caldwell

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Mark A Caldwell Jr

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Kay Tyson Caldwell

    TREASURER

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
10 September 2024
IRS schema version
2023v5.1
Source object
202402559349301700

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