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Nonprofiteer
← GARY PATTERSON FOUNDATION

Form 990 for tax year 2024

Filed by GARY PATTERSON FOUNDATION.

Totals

Total revenue
$1,193,739
Total expenses
$1,226,774
Contributions and grants received
$1,557,039
Grants paid
$1,047,466
Program service revenue
$0
Investment income
$5,644
Other revenue
-$368,944
Total assets, end of year
$491,498
Total liabilities, end of year
$4,766
Net assets or fund balances, end of year
$486,732
Program services expenses (Part IX)
$1,096,429
Management and general expenses
$67,502
Fundraising expenses
$62,843
Program service expenses (Part III)
$1,096,429

Program services were 89.4% 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

    $1,518,604

  • 1f · All other contributions, gifts and grants

    $38,435

  • 1g · Noncash contributions included above

    $170,369

  • 3 · Investment income

    total $5,631 · excluded $5,631

  • 7a · Gross sales of assets other than inventory

    securities $13

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

    securities $0

  • 7c · Gain or loss

    securities $13

  • 7d · Net gain or loss

    total $13 · excluded $13

  • 8a · Fundraising events: gross income

    $42,000

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

    $1,518,604

  • 8b · Fundraising events: direct expenses

    $410,944

  • 8c · Net income from fundraising events

    total -$368,944 · excluded -$368,944

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,047,466 · program services $1,047,466

  • 7 · Other salaries and wages

    total $91,500 · program services $45,750 · fundraising $45,750

  • 10 · Payroll taxes

    total $6,426 · program services $3,213 · fundraising $3,213

  • 11b · Fees: legal

    total $1,208 · management and general $1,208

  • 11c · Fees: accounting

    total $22,000 · management and general $22,000

  • 11g · Fees: other

    total $4,034 · management and general $4,034

  • 12 · Advertising and promotion

    total $23,751 · management and general $23,751

  • 13 · Office expenses

    total $5,251 · management and general $5,251

  • 14 · Information technology

    total $590 · management and general $590

  • 16 · Occupancy

    total $3,391 · management and general $3,391

  • 17 · Travel

    total $289 · management and general $289

  • 24a · Other expenses: BANK CHARGES

    total $13,880 · fundraising $13,880

  • 24b · Other expenses: MISCELLANEOUS

    total $4,164 · management and general $4,164

  • 24c · Other expenses: MEALS AND ENTERTAINMENT

    total $2,056 · management and general $2,056

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $768 · management and general $768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $146,838 · end of year $147,033

  • 2 · Savings and temporary cash investments

    beginning of year $373,912 · end of year $344,465

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $3,800

  • 25 · Other liabilities

    beginning of year $983 · end of year $966

  • 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 $519,767 · end of year $486,732

Mission and programs · 2024

Mission

THE BIG GOOD IS A TAX-EXEMPT, NON-PROFIT ORGANIZATION DEDICATED TO THE SUPPORT OF ECONOMICALLY DISADVANTAGED CHILDREN IN AND AROUND FT. WORTH, TX. THE FOUNDATION PROVIDES FUNDING FOR PROGRAMS AND SCHOLARSHIPS THAT FOCUS ON EDUCATION, LIFESKILLS AND HEALTH AND PROVIDING EQUITABLE EDUCATIONAL OPPORTUNITIES FOR ALL CHILDREN.

Activities or mission (Part I)

THE BIG GOOD IS A TAX-EXEMPT, NON-PROFIT ORGANIZATION DEDICATED TO THE SUPPORT OF ECONOMICALLY DISADVANTAGED CHILDREN IN AND AROUND FT. WORTH, TX. THE FOUNDATION PROVIDES FUNDING FOR PROGRAMS AND SCHOLARSHIPS THAT FOCUS ON EDUCATION AND LIFESKILLS, AS WELL AS HEALTH AND FAMILY ISSUES IN THE FT. WORTH COMMUNITY. THE FOUNDATION STRIVES TO MAKE A DIFFERENCE IN THE COMMUNITY THROUGH BETTER EDUCATIONAL OPPORTUNITIES.

  • THE BIG GOOD PROVIDED GRANTS DURING 2024 TO A NUMBER OF FT. WORTH SCHOOLS AND OTHER NON-PROFIT ORGANIZATIONS THAT ARE INVOLVED WITH ADMINISTERING EDUCATIONAL PROGRAMS FOR ECONOMICALLY CHALLENGED CHILDREN.

    Expenses $1,096,429 · Grants $1,047,466

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary Patterson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kelsey Patterson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dean Hayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irene Hayes

    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
2024
Filed
22 April 2025
IRS schema version
2024v5.1
Source object
202501289349301800

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