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← PAINTERS AND ALLIED TRADES FOR CHILDRENS HOPE FOUNDATION

Form 990 for tax year 2023

Filed by PAINTERS AND ALLIED TRADES FOR CHILDRENS HOPE FOUNDATION.

Totals

Total revenue
$685,921
Total expenses
$318,770
Contributions and grants received
$751,138
Grants paid
$304,272
Program service revenue
$0
Investment income
$29,148
Other revenue
-$94,365
Total assets, end of year
$2,176,489
Total liabilities, end of year
$32,464
Net assets or fund balances, end of year
$2,144,025
Program services expenses (Part IX)
$304,272
Management and general expenses
$14,498
Fundraising expenses
$0
Program service expenses (Part III)
$304,272

Program services were 95.5% 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.

  • 1c · Fundraising events

    $711,400

  • 1f · All other contributions, gifts and grants

    $39,738

  • 3 · Investment income

    total $29,148 · excluded $29,148

  • 8a · Fundraising events: gross income

    $184,100

  • 8a · Fundraising events: contributions included on line 1c

    $711,400

  • 8b · Fundraising events: direct expenses

    $278,465

  • 8c · Net income from fundraising events

    total -$94,365 · excluded -$94,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $304,272 · program services $304,272

  • 12 · Advertising and promotion

    total $9,775 · management and general $9,775

  • 13 · Office expenses

    total $185 · management and general $185

  • 23 · Insurance

    total $1,032 · management and general $1,032

  • 24a · Other expenses: FILING FEES

    total $2,196 · management and general $2,196

  • 24b · Other expenses: LOSS ON EXCHANGE

    total $1,310 · management and general $1,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,874,148 · end of year $250,000

  • 2 · Savings and temporary cash investments

    end of year $1,924,439

  • 4 · Accounts receivable

    beginning of year $1,935 · end of year $2,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,209 · end of year $32,464

  • 27 · Net assets without donor restrictions

    beginning of year $1,776,874 · end of year $2,144,025

Mission and programs · 2023

Mission

THE FOUNDATION IS DEDICATED TO SUPPORTING YOUTH INSTITUTIONS AND PROGRAMS TO HELP ENSURE THAT CHILDREN IN NEED HAVE THE OPPORTUNITIES TO LIVE LIVES OF PLAY AND COMFORT THAT EVERY CHILD DESERVES.

Activities or mission (Part I)

THE FOUNDATION IS DEDICATED TO SUPPORTING YOUTH INSTITUTIONS AND PROGRAMS TO HELP ENSURE THAT CHILDREN IN NEED HAVE THE OPPORTUNITIES TO LIVE LIVES OF PLAY AND COMFORT THAT EVERY CHILD DESERVES.SUPPORTED BY THE MEN AND WOMEN OF THE INTERNATIONAL UNION OF PAINTERS AND ALLIED TRADES AND OTHER GENEROUS DONORS, TO DATE THE PATCH FOUNDATION HAS GIVEN OVER $1 MILLION TO YOUTH ORGANIZATIONS THROUGHOUT THE UNITED STATES AND CANADA.

  • THE PATCH FOUNDATION WAS ESTABLISHED TO IMPROVE THE LIVES OF CHILDREN IN NEED AND TO ENSURE THAT THEIR FUTURES ARE BRIGHT AND PRODUCTIVE. THE FOUNDATION SEEKS OUT THE ORGANIZATIONS THAT ARE BEST EQUIPPED TO DEAL WITH THE NEEDS OF CHILDREN IN NORTH AMERICA AND TO HELP FUND THESE ORGANIZATIONS. THE FOUNDATION WILL ADDRESS, LITERACY, EDUCATION, CHILDHOOD ILLNESSES, CHILDREN'S EMOTIONAL WELL- BEING, CHILDHOOD POVERTY, HOMELESSNESS, AND CHILDREN HEALTH CARE.

    Expenses $304,272 · Grants $304,272

As filed on the 2023 return.

Listed in Part VII

  • James A Williams Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Gregg Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ron Kniess

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Daniel Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Danny Kelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Art Aivaliotis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Tsourous

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349303738

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