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Nonprofiteer
← PATTONS PURPOSE INC

Form 990 for tax year 2023

Filed by PATTONS PURPOSE INC.

Totals

Total revenue
$2,005,000
Total expenses
$0
Contributions and grants received
$2,005,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,004,465
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,004,465
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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

    $2,005,000

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    end of year $2,004,465

  • 27 · Net assets without donor restrictions

    end of year $2,004,465

Mission and programs · 2023

Mission

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.

  • 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. THE ORGANIZATION MAY ALSO SUPPORT OTHER, SIMILAR PUBLIC CHARITY ORGANIZATIONS IN THE FUTURE, PER ITS BYLAWS. PRIMARY FUNCTIONS OF THE ACTIVITY WILL BE CONDUCTED BY THE ORGANIZATION'S VOLUNTEER BOARD OF DIRECTORS. THE BOARD OF DIRECTORS WILL SPEND APPROXIMATELY A FEW HOURS EACH WEEK DEVOTED TO THE ORGANIZATION--THIS IS ESTIMATED TO BE LESS THAN 10 PERCENT OF THEIR TIME EACH. THE OFFICE AND PRIMARY LOCATION OF THE ACTIVITY WILL BE 150 WESTWOOD CIR, WAYNESVILLE, NC. FUNDING FOR THE ACTIVITY WILL BE PROVIDED THROUGH DONATIONS FROM THE GENERAL PUBLIC, ALONG WITH A STARTING SEED DONATION FROM HAYWOOD VOCATIONAL OPPORTUNITIES INC, AND FUNDRAISERS CONDUCTED BY THE ORGANIZATION'S VOLUNTEERS IN ACCORDANCE WITH THE CHARITABLE SOLICITATION GUIDELINES OF THE STATE OF NORTH CAROLINA.

    Revenue $2,005,000

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

Listed in Part VII

  • Rebecca Stamey

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Frank Queen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jessica May

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Drake Fultz

    CHAIR THRU 8

    Total calculated
    $0
    Hours/week
    0.25

  • Art Dosch

    VICE CHAIR T

    Total calculated
    $0
    Hours/week
    0.25

  • Mark Bumgarner

    TREASURER TH

    Total calculated
    $0
    Hours/week
    0.25

  • Dean McMahon

    BRD MBR THRU

    Total calculated
    $0
    Hours/week
    0.25

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
8 July 2025
IRS schema version
2023v6.0
Source object
202541899349300049

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